# EDGAR Filing Document

**Accession Number:** 0001699360
**File Stem:** 0001145549-25-042286
**Filing Date:** 2025-6
**Character Count:** 236824
**Document Hash:** f51c68143e61f84119fb0b1bc493405b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-042286.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001145549-25-042286

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morningstar Funds Trust
- **CENTRAL INDEX KEY:** 0001699360

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23235
- **FILM NUMBER:** 251077259

**BUSINESS ADDRESS:**
- **STREET 1:** 22 W. WASHINGTON STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602
- **BUSINESS PHONE:** 312-696-6000

**MAIL ADDRESS:**
- **STREET 1:** 22 W. WASHINGTON STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602

## Series and Classes Contracts Data

### Morningstar Global Income Fund (Series ID: S000057729)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000186140 | Institutional | MSTGX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Morningstar Funds Trust

- **b. Investment Company Act file number:** 811-23235

- **c. CIK number of Registrant:** 0001699360

- **d. LEI of Registrant:** 254900AE65UZA65M0T82

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

  - **Street Address 1:** 22 W. WASHINGTON STREET

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60602

  - **Telephone number:** 312-696-6000

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

- **a. Name of Series:** Morningstar Global Income Fund

- **b. EDGAR series identifier (if any):** S000057729

- **c. LEI of Series:** 254900KWJANYEXMVH449

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

- **a. Date of fiscal year-end:** 2025-04-30

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $140896050.71

**Total Liabilities:** $1815570.16

**Net Assets:** $139080480.55

**Delayed Delivery Securities:** $499980.66

**Cash Not Reported:** $131255.46

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 9.521394692677 | **1-Year:** 435.977167768314 | **5-Year:** 1775.215448178672 | **10-Year:** 2503.852527552367 | **30-Year:** 1085.458359299202

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

- **3-Month:** 154.267907362306 | **1-Year:** 1539.790807067837 | **5-Year:** 4419.071451088639 | **10-Year:** 1305.902328160104 | **30-Year:** 78.465287949805

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000186140 | 2.77%                | -0.26%               | -0.34%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $658517.54               | $3024266.37                                |
| Month 2  | $1521468.85              | $-2464166.15                               |
| Month 3  | $-964144.69              | $-700809.68                                |

**Designated Index Information**

- **Index Name:** 50% Morningstar Global Markets NR Index, 50% Bloomberg Multiverse TR Index

- **Index Identifier:** 50% F00000VN9R, 50% XIUSA04GRK

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Northern Institutional Funds                                                             | Northern Institutional Funds TREAS PRT PRMR                                  | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   1528692 | NS      | $1528691.56   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard International Equity Index Funds                                                | Vanguard International Equity Index Funds TT WRLD ST ETF                     | CUSIP: 922042742<br>LEI: 549300UR5XWDVDO7NP96 | Long             | EC               | RF                | US        |     25051 | NS      | $2920946.60   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2021-230P                                                 | MSC 2021-230P B                                                              | CUSIP: 61772WAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $102528.38    | 0.07%             | 2038-12-15      | Floating      | 6.29%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                          | TDG 6.625 03/01/32 144A                                                      | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51217.70     | 0.04%             | 2032-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CSMC 2020-RPL4                                                                           | CSMC 2020-RPL4 A1                                                            | CUSIP: 126405AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    167175 | PA      | $150096.43    | 0.11%             | 2060-01-25      | Variable      | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Hilton Domestic Operating Co Inc.                                                        | HLT 3.625 02/15/32 144A                                                      | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8845.84      | 0.01%             | 2032-02-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Schwab Strategic Trust                                                                   | Schwab Strategic Trust US REIT ETF                                           | CUSIP: 808524847<br>LEI: 549300NAZEQOIX80E226 | Long             | EC               | RF                | US        |     73125 | NS      | $1537818.75   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Strategic Trust                                                                   | Schwab Strategic Trust SHORT-TERM US TREASURY ETF                            | CUSIP: 808524862<br>LEI: 549300NAZEQOIX80E226 | Long             | EC               | RF                | US        |    171063 | NS      | $4184200.98   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Petsmart Inc / Petsmart Financial Corporation                                            | PETM 7.75 02/15/29 144A                                                      | CUSIP: 71677KAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $232843.90    | 0.17%             | 2029-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Community Health Systems Incorporated                                                    | CYH 6.875 04/15/29 144A                                                      | CUSIP: 12543DBJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $131131.80    | 0.09%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Pm General Purchaser Llc                                                                 | AMGENE 9.5 10/01/28 144A                                                     | CUSIP: 69356MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $241356.65    | 0.17%             | 2028-10-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| MF1 2020-FL4 LTD                                                                         | MF1 2020-FL4 A                                                               | CUSIP: 58003UAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     48637 | PA      | $48644.18     | 0.03%             | 2035-12-17      | Floating      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Uruguay (Republic Of)                                                                    | URUGUA 3.4 05/16/45                                                          | CUSIP: 917288BP6<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     60000 | PA      | $1489.00      | 0.00%             | 2045-05-16      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| EchoStar Corp.                                                                           | SATS 6.75 11/30/30                                                           | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    147776 | PA      | $137737.99    | 0.10%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                                                                 | SVC 5.5 12/15/27                                                             | CUSIP: 81761LAB8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38104.90     | 0.03%             | 2027-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Viking Cruises, Ltd.                                                                     | VIKCRU 7 02/15/29 144a                                                       | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    130000 | PA      | $130467.13    | 0.09%             | 2029-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Northern Institutional Funds                                                             | Northern Institutional Funds TREAS PRT PRMR                                  | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   1925113 | NS      | $1925113.30   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NYMT LOAN TRUST SERIES 2024-BPL1                                                         | NYMT 2024-BPL1 A1                                                            | CUSIP: 62956MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $161635.44    | 0.12%             | 2029-02-25      | Fixed         | 7.15%                 | Yes           |                  2 | On Loan: No      |
| AMC Networks Inc                                                                         | AMCX 4.25 02/15/29                                                           | CUSIP: 00164VAF0<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |     40000 | PA      | $29450.80     | 0.02%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Asurion                                                                                  | Asurion First-lien Term Loan B-9 325 2027-07-26                              | CUSIP: 04649VAY6<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    181552 | PA      | $177316.34    | 0.13%             | 2027-07-26      | Floating      | 3.47%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc                                                                | Caesars Entertainment Inc Term Loan B (Incremental) 275 2031-01-16           | CUSIP: 12768EAH9<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |    148500 | PA      | $145932.44    | 0.10%             | 2031-01-16      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM3 TRUST                                                                      | OBX 2024-NQM3 M1                                                             | CUSIP: 67118KAD5<br>LEI: 2549001QDCO9VU0HH514 | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $201936.08    | 0.15%             | 2063-12-25      | Variable      | 6.84%                 | Yes           |                  2 | On Loan: No      |
| Kenya (Republic of)                                                                      | KENINT 9.75 02/16/31 144A                                                    | CUSIP: 491798AM6<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    280000 | PA      | $266812.00    | 0.19%             | 2031-02-16      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| BOCA COMMERCIAL MORTGAGE TRUST 2024-BOCA                                                 | BOCA 2024-BOCA E                                                             | CUSIP: 096817AJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    130000 | PA      | $127103.50    | 0.09%             | 2041-08-15      | Floating      | 9.36%                 | Yes           |                  2 | On Loan: No      |
| Lightning Power LLC                                                                      | LIGPLL 7.25 08/15/32 144A                                                    | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |    200000 | PA      | $207206.27    | 0.15%             | 2032-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| APH Somerset Inv 2 LLC / APH2 Somerset Inv 2 LLC / APH3 Somerset Inv 2                   | AQUARI 7.875 11/01/29 144A                                                   | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $19519.80     | 0.01%             | 2029-11-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| QUALITYTECH LP TL                                                                        | QUALITYTECH LP TL                                                            | CUSIP: 74758JAB3<br>LEI: N/A                  | Long             | LON              | CORP              | XX        |    140000 | PA      | $138950.00    | 0.10%             | 2031-11-04      | Fixed         | 11.87%                | No            |                  2 | On Loan: No      |
| Valley Stream Park CLO Ltd / Valley Stream Park CLO LLC                                  | VYSPK 2022-1A DRR                                                            | CUSIP: 92013AAZ2<br>LEI: 213800DEME82SWN32S20 | Long             | ABS-CBDO         | CORP              | JE        |    120000 | PA      | $117612.47    | 0.08%             | 2037-01-21      | Floating      | 6.99%                 | Yes           |                  2 | On Loan: No      |
| EchoStar Corp.                                                                           | SATS 10.75 11/30/29 .                                                        | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    324800 | PA      | $343486.65    | 0.25%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Five Point Operating Company LP Five Point Capital Corp                                  | FPH 10.5 01/15/28 144A                                                       | CUSIP: 33834YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65562 | PA      | $66651.33     | 0.05%             | 2028-01-15      | Variable      | 10.50%                | Yes           |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                                                                | IVYCST 7.625 01/30/33 144A                                                   | CUSIP: 221625AT3<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    300000 | PA      | $283125.00    | 0.20%             | 2033-01-30      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2024-R01                                             | CAS 2024-R01 1B1                                                             | CUSIP: 20753UAF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    200000 | PA      | $202500.00    | 0.15%             | 2044-01-25      | Floating      | 7.04%                 | Yes           |                  2 | On Loan: No      |
| Learfield Communications                                                                 | Learfield Communications Term Loan B 500 2028-06-01                          | CUSIP: 00165HAL7<br>LEI: 549300177GK4LMS8T214 | Long             | LON              | CORP              | US        |      8054 | PA      | $8021.29      | 0.01%             | 2028-06-01      | Floating      | 9.63%                 | No            |                  2 | On Loan: No      |
| Aag FH UK Ltd & Global Auto Holdings UK Ltd.                                             | GLOBAU 8.75 01/15/32 144A                                                    | CUSIP: 00033GAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    230000 | PA      | $184239.20    | 0.13%             | 2032-01-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| SoftBank Corp                                                                            | SoftBank Corp NPV                                                            | CUSIP: J75963132<br>LEI: 353800M1YCTS9JRBJ535 | Long             | EC               | CORP              | JP        |   1543869 | NS      | $2336252.80   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group N.V.                                                                            | NN Group N.V. EUR0.12                                                        | CUSIP: N64038107<br>LEI: 724500OHYNDT9OY6Q215 | Long             | EC               | CORP              | NL        |     26264 | NS      | $1610519.26   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Akumin Inc.                                                                              | AKUCN 9 08/01/27 144A                                                        | CUSIP: 01021XAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $217751.26    | 0.16%             | 2027-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| R.R. Donnelley & Sons Co.                                                                | RRD 9.5 08/01/29 144A                                                        | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    130000 | PA      | $123780.99    | 0.09%             | 2029-08-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                              | FMCN 8 03/01/33 144A                                                         | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    230000 | PA      | $227557.12    | 0.16%             | 2033-03-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Spirit Aviation Holdings Inc.                                                            | Spirit Aviation Holdings Inc. COM                                            | CUSIP: 84863V101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8659 | NS      | $72302.65     | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Northern Institutional Funds                                                             | Northern Institutional Funds TREAS PRT PRMR                                  | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |     47646 | NS      | $47646.25     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                                                        | Johnson & Johnson COM USD1.00                                                | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     12030 | NS      | $1880409.30   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Palmer Square CLO 2022-3 Ltd.                                                            | PLMRS 2022-3A D1R                                                            | CUSIP: 69690ABC0<br>LEI: 5493000CAZ8VWJGUOH13 | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $149343.00    | 0.11%             | 2037-07-20      | Floating      | 7.24%                 | Yes           |                  2 | On Loan: No      |
| MF1 2025-FL17 LLC                                                                        | MF1 2025-FL17 D                                                              | CUSIP: 55287HAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $97939.26     | 0.07%             | 2040-02-21      | Floating      | 7.06%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE TRUST 2024-RTL4                                        | GRADE 2024-RTL4 A1                                                           | CUSIP: 79584CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $160230.24    | 0.12%             | 2030-02-25      | Variable      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertainment Inc.                                                               | CZR 6.5 02/15/32 144A                                                        | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20104.76     | 0.01%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Enterprise Products Partners L.P.                                                        | Enterprise Products Partners L.P. COM UNITS REP LIM PART INT                 | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |     77350 | NS      | $2312765.00   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International PLC                                                       | Johnson Controls International PLC COM USD1.00                               | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |      6667 | NS      | $559361.30    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ardagh Packaging Finance plc / Ardagh Holdings USA Inc.                                  | ARGID 5.25 08/15/27 144a                                                     | CUSIP: 03969AAR1<br>LEI: 6354001JXMLKNZDZR978 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $92000.00     | 0.07%             | 2027-08-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: —       |
| OPAL US LLC TL                                                                           | OPAL US LLC TL                                                               | CUSIP: F7000QAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    170000 | PA      | $168407.10    | 0.12%             | 2032-03-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BFLD COMMERCIAL MORTGAGE TRUST 2024-UNIV                                                 | BFLD 2024-UNIV D                                                             | CUSIP: 08861RAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $248281.25    | 0.18%             | 2041-11-15      | Floating      | 7.49%                 | Yes           |                  2 | On Loan: No      |
| Alterra Mountain Co (Intrawest)                                                          | Alterra Mountain Co (Intrawest) Term Loan B 275 2028-08-01                   | CUSIP: 46124CAQ0<br>LEI: 549300C5O4FSVNUEI843 | Long             | LON              | CORP              | US        |    218527 | PA      | $218254.17    | 0.16%             | 2028-08-01      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                                                             | Northern Institutional Funds TREAS PRT PRMR                                  | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |      2642 | NS      | $2642.35      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc.                                                     | NOVHOL L 03/29/32 6                                                          | CUSIP: 18972FAF9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |      1663 | PA      | $1648.57      | 0.00%             | 2032-03-25      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Europacific Partners PLC                                                       | Coca-Cola Europacific Partners PLC COM EUR0.01                               | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |     20239 | NS      | $1836486.86   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit S.p.A.                                                                         | UniCredit S.p.A. NPV                                                         | CUSIP: T9T23L642<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     43972 | NS      | $2558328.94   | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Cotiviti Inc                                                                             | Cotiviti Inc Term Loan B (Incremental) 275 2032-02-06                        | CUSIP: 22164MAF4<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |     80000 | PA      | $78100.00     | 0.06%             | 2032-02-06      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Bank Of Amer Merrill Lynch Coml Mtg                                                      | BACM 2017-BNK3 D                                                             | CUSIP: 06427DAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $100273.37    | 0.07%             | 2050-02-17      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| CELSIUS HLDGS INC TL                                                                     | CELSIUS HLDGS INC TL                                                         | CUSIP: LX2602931<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $89399.70     | 0.06%             | 2032-03-21      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US Airways Group Inc.                                                                    | AAL 3.95 11/15/25                                                            | CUSIP: 90346WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     19036 | PA      | $18947.37     | 0.01%             | 2027-05-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                                                      | Vici Properties Inc COM USD0.01                                              | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     75358 | NS      | $2412963.16   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Actinver SA                                                                        | Banco Actinver SA CBFI (PROLOGIS PROPERTY MEXICO SA DE CV)                   | CUSIP: P4559M101<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    438051 | NS      | $1554471.79   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BX TRUST                                                                                 | BX 2019-IMC E                                                                | CUSIP: 05608BAN0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $292875.00    | 0.21%             | 2034-04-17      | Floating      | 6.96%                 | Yes           |                  2 | On Loan: No      |
| CSC Holdings, LLC                                                                        | CSCHLD 11.75 01/31/29 144A                                                   | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    540000 | PA      | $510525.89    | 0.37%             | 2029-01-31      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                            | CHTR 4.25 02/01/31 144A                                                      | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $126493.26    | 0.09%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Dayforce (Ceridian HCM)                                                                  | Dayforce (Ceridian HCM) Term Loan B 200 2031-03-01                           | CUSIP: 23958CAD9<br>LEI: 549300T64GVCHFJ8L449 | Long             | LON              | CORP              | US        |     28494 | PA      | $28458.66     | 0.02%             | 2031-03-01      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-1                                                        | VERUS 2024-1 A3                                                              | CUSIP: 92540EAC7<br>LEI: 984500A3F1D749452747 | Long             | ABS-O            | CORP              | US        |    138438 | PA      | $138698.59    | 0.10%             | 2069-01-25      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| State Street Corp.                                                                       | STT V6.7 PERP I                                                              | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80282.40     | 0.06%             | 2049-12-31      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Compagnie de Saint-Gobain SA                                                             | Compagnie de Saint-Gobain SA EUR4                                            | CUSIP: F80343100<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |      9906 | NS      | $1076960.80   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| MS&AD Insurance Group Holdings Inc.                                                      | MS&AD Insurance Group Holdings Inc. NPV                                      | CUSIP: J4687C105<br>LEI: 529900CXROT5S2HMMP26 | Long             | EC               | CORP              | JP        |     20532 | NS      | $466688.53    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Natgasoline                                                                              | Natgasoline Term Loan B 550 2030-03-09                                       | CUSIP: 63232EAD9<br>LEI: 549300OHXDYMQYZOWC24 | Long             | LON              | CORP              | US        |     40000 | PA      | $38950.00     | 0.03%             | 2030-03-09      | Floating      | 9.80%                 | No            |                  2 | On Loan: No      |
| Bausch Health (fka Valeant)                                                              | Bausch Health (fka Valeant) Term Loan B 625 2030-09-17                       | CUSIP: C6903HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     40000 | PA      | $37666.80     | 0.03%             | 2030-09-17      | Floating      | 10.56%                | No            |                  2 | On Loan: No      |
| COLT 2024-1 MORTGAGE LOAN TRUST                                                          | COLT 2024-1 M1                                                               | CUSIP: 19688TAD7<br>LEI: 2138001HZNOLT1K3WY73 | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $160612.66    | 0.12%             | 2069-02-25      | Variable      | 6.59%                 | Yes           |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST 2024-RTL1                                                           | LHOME 2024-RTL1 A1                                                           | CUSIP: 50205DAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $161610.02    | 0.12%             | 2029-01-25      | Fixed         | 7.02%                 | Yes           |                  2 | On Loan: No      |
| TransAlta Corporation                                                                    | TACN 6.5 03/15/40                                                            | CUSIP: 89346DAE7<br>LEI: GJZNVO2UY6DNFNIYH321 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $27655.72     | 0.02%             | 2040-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                           | MEX 4.75 03/08/44 MTN                                                        | CUSIP: 91086QBB3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    150000 | PA      | $113335.20    | 0.08%             | 2044-03-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| National Grid PLC                                                                        | National Grid PLC ORD GBP0.12431289                                          | CUSIP: G6S9A7120<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |    127750 | NS      | $1843956.79   | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Madison Air                                                                              | Madison Air Term Loan B (Incremental) 325 2032-03-22                         | CUSIP: 55759VAD0<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |     60000 | PA      | $59362.80     | 0.04%             | 2032-03-22      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| TK Elevator Us Newco Inc.                                                                | THYELE 5.25 07/15/27 144A                                                    | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196939.44    | 0.14%             | 2027-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Quicken Lns Llc/Quicken Lns Co-Issuer Inc                                                | RKTRM 3.625 03/01/29 144A                                                    | CUSIP: 74841CAA9<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |    160000 | PA      | $148801.38    | 0.11%             | 2029-03-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: —       |
| Starwood Property Mortgage                                                               | Starwood Property Mortgage Term Loan B 225 2027-11-01                        | CUSIP: 85570DAK8<br>LEI: 5493008SB15CNJRIOK13 | Long             | LON              | CORP              | US        |     47106 | PA      | $46988.08     | 0.03%             | 2027-11-01      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                                                          | BAE Systems PLC ORD GBP0.025                                                 | CUSIP: G06940103<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |    107450 | NS      | $2490974.32   | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                                                             | Northern Institutional Funds TREAS PRT PRMR                                  | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   1581182 | NS      | $1581182.27   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Midea Group Co Ltd.                                                                      | Midea Group Co Ltd. CNY1 H                                                   | CUSIP: Y6S40V111<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |     16211 | NS      | $153015.78    | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                     | JPMorgan Chase & Co. COM USD1.00                                             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      6598 | NS      | $1614002.76   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| 1261229 Bc Ltd.                                                                          | BHCCN 10 04/15/32 144A                                                       | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    200000 | PA      | $195834.82    | 0.14%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Action Nederland B.V.                                                                    | Action Nederland B.V. Term Loan B-4B 250 2030-10-01                          | CUSIP: N6872NAM8<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | US        |     94212 | PA      | $93662.43     | 0.07%             | 2030-10-01      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                           | Morgan Stanley COM USD0.01                                                   | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      6370 | NS      | $735225.40    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC                                                             | British American Tobacco PLC SPON ADS EACH REP 1 ORD LVL                     | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     58768 | NS      | $2559346.40   | 1.84%             |  |  |  | No            |                  1 | On Loan: —       |
| Venture Global Plaquemines Lng LLC                                                       | VEGLPL 7.5 05/01/33 144A                                                     | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30777.23     | 0.02%             | 2033-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Action Nederland B.V.                                                                    | Action Nederland B.V. Term Loan B-5B 250 2031-07-01                          | CUSIP: N6872NAN6<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | US        |     89775 | PA      | $89298.29     | 0.06%             | 2031-07-01      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                            | Enbridge Inc. COM NPV                                                        | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     29441 | NS      | $1376803.47   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                                                            | Chevron Corp. COM USD0.75                                                    | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13844 | NS      | $1883614.64   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                                                              | Novartis AG ADR-REP 1 CHF0.5 (REGD)                                          | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     22414 | NS      | $2543764.86   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                                                                   | Petroleo Brasileiro SA COM NPV                                               | CUSIP: P78331132<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    295416 | NS      | $1668861.08   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                                                                     | CAPCOP 6.75 03/31/33 144A                                                    | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $29476.76     | 0.02%             | 2033-03-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                       | VEGLPL 7.75 05/01/35 144A                                                    | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20537.96     | 0.01%             | 2035-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: —       |
| Siemens AG                                                                               | Siemens AG NPV(REGD)                                                         | CUSIP: D69671218<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      9792 | NS      | $2254719.07   | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group Ltd.                                                              | Zurich Insurance Group Ltd. CHF0.10                                          | CUSIP: H9870Y105<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |      3381 | NS      | $2398044.68   | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Rockies Express Pipeline LLC                                                             | ROCKIE 7.5 07/15/38 144A                                                     | CUSIP: 77340RAD9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39248.90     | 0.03%             | 2038-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CSC Holdings, LLC                                                                        | CSCHLD 5.5 04/15/27 144A                                                     | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    250000 | PA      | $232294.98    | 0.17%             | 2027-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                                                       | Energy Transfer LP COM UNITS REP LTD PTN INT                                 | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |    138419 | NS      | $2289450.26   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc.                                                                            | MediaTek Inc. TWD10                                                          | CUSIP: Y5945U103<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     15175 | NS      | $644832.82    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Novolex                                                                                  | Novolex Term Loan B (Incremental) 325 2032-03-15                             | CUSIP: 18972FAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     95126 | PA      | $94281.92     | 0.07%             | 2032-03-15      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Macquarie Korea Infrastructure Fund                                                      | Macquarie Korea Infrastructure Fund NPV                                      | CUSIP: Y53643105<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     66573 | NS      | $536576.76    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| RIO Tinto Limited                                                                        | RIO Tinto Limited NPV                                                        | CUSIP: Q81437107<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |      4974 | NS      | $372140.81    | 0.27%             |  |  |  | No            |                  2 | On Loan: —       |
| Hyundai Motor Co.                                                                        | Hyundai Motor Co. KRW5000                                                    | CUSIP: Y38472109<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |         1 | NS      | $134.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Volvo AB                                                                                 | Volvo AB SER'B'NPV                                                           | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     31109 | NS      | $845652.18    | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel S.p.A.                                                                              | Enel S.p.A. EUR1                                                             | CUSIP: T3679P115<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    194916 | NS      | $1689721.36   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Opap SA                                                                                  | Opap SA EUR0.30 (CR)                                                         | CUSIP: X3232T104<br>LEI: 213800M4NRGFJCI34834 | Long             | EC               | CORP              | GR        |    133366 | NS      | $2963287.96   | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                                                             | Northern Institutional Funds TREAS PRT PRMR                                  | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |       105 | NS      | $105.45       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                            | STACR 2021-DNA2 B1                                                           | CUSIP: 35564KDX4<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    270000 | PA      | $296414.67    | 0.21%             | 2033-08-25      | Floating      | 7.74%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST 2022-A                                                     | CMLTI 2022-A A1                                                              | CUSIP: 17330VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    195458 | PA      | $195318.70    | 0.14%             | 2062-09-25      | Fixed         | 6.17%                 | Yes           |                  2 | On Loan: No      |
| Gs Mortgage Securities Tr 2017-Gs6                                                       | GSMS 2017-GS6 A2                                                             | CUSIP: 36253PAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    184774 | PA      | $179725.29    | 0.13%             | 2050-05-12      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                                                             | Northern Institutional Funds TREAS PRT PRMR                                  | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |     45434 | NS      | $45433.60     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                            | STACR 2021-DNA1 B2                                                           | CUSIP: 35564KBE8<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    240000 | PA      | $258180.96    | 0.19%             | 2051-01-25      | Floating      | 9.09%                 | Yes           |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2021-ESH                                                     | ESA 2021-ESH E                                                               | CUSIP: 30227FAL4<br>LEI: 549300IESZBC3BJUJW64 | Long             | ABS-O            | CORP              | US        |    223465 | PA      | $222347.69    | 0.16%             | 2038-07-15      | Floating      | 7.79%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                                | TPMT 2015-5 B3                                                               | CUSIP: 89171VAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $208321.48    | 0.15%             | 2055-05-25      | Variable      | 4.01%                 | Yes           |                  2 | On Loan: No      |
| Signature Aviation                                                                       | Signature Aviation Term Loan B (Add-on) 275 2028-06-01                       | CUSIP: 11565HAD8<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |     29551 | PA      | $29221.74     | 0.02%             | 2028-06-01      | Floating      | 2.88%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                                  | VENLNG 9.5 02/01/29 144A                                                     | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62173.98     | 0.04%             | 2029-02-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Rsc Acquisition Inc                                                                      | RSCIBI L 11/01/26 1                                                          | CUSIP: LX2189566<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    108789 | PA      | $108245.54    | 0.08%             | 2029-10-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corporation                                              | International Business Machines Corporation COM USD0.20                      | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1061 | NS      | $256571.02    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemicals, Inc.                                                           | Air Products & Chemicals, Inc. COM USD1                                      | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      1514 | NS      | $410430.26    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                                                                      | Cisco Systems, Inc. COM USD0.001                                             | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      3729 | NS      | $215275.17    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                                           | Morgan Stanley COM USD0.01                                                   | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |       691 | NS      | $79755.22     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co.                                                                     | Emerson Electric Co. COM USD0.50                                             | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      2100 | NS      | $220731.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                                                                     | Gilead Sciences Inc. COM USD0.001                                            | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      3174 | NS      | $338157.96    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                                                               | Hasbro Inc COM USD0.50                                                       | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |      3021 | NS      | $186999.90    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L.P.                                                        | Enterprise Products Partners L.P. COM UNITS REP LIM PART INT                 | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |      8602 | NS      | $257199.80    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                                                                     | Edison International COM NPV                                                 | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      1345 | NS      | $71970.95     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SMRT COMMERCIAL MORTGAGE TRUST 2022-MINI                                                 | SMRT 2022-MINI F                                                             | CUSIP: 78457JAQ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210000 | PA      | $197894.32    | 0.14%             | 2039-01-18      | Floating      | 8.20%                 | Yes           |                  2 | On Loan: No      |
| Ryan LLC                                                                                 | Ryan LLC Term Loan B 450 2030-10-22                                          | CUSIP: 78350LAZ8<br>LEI: 549300TG86D8HZC6TE67 | Long             | LON              | CORP              | US        |    148151 | PA      | $147632.10    | 0.11%             | 2030-10-22      | Floating      | 9.87%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                        | Crown Castle Inc. COM USD0.01                                                | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |      3685 | NS      | $389725.60    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                                                            | Medtronic PLC USD0.0001                                                      | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      4662 | NS      | $395151.12    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Mill City Mortgage Loan Trust 2018-2                                                     | MCMLT 2018-2 M3                                                              | CUSIP: 59980MAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    209684 | PA      | $190458.69    | 0.14%             | 2058-05-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| American Airlines, Inc.                                                                  | AAL 8.5 05/15/29 144A                                                        | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122303.27    | 0.09%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| TKC Holdings Inc.                                                                        | TKCHOL 6.875 05/15/28 144A                                                   | CUSIP: 87256YAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $90006.03     | 0.06%             | 2028-05-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Rsc Acquisition Inc                                                                      | RSCIBI L 11/01/26 1                                                          | CUSIP: LX2004682<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     21805 | PA      | $21723.65     | 0.02%             | 2029-10-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Jordan (Kingdom Of)                                                                      | JORDAN 7.75 01/15/28 144A                                                    | CUSIP: 41809JAA3<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    230000 | PA      | $232875.00    | 0.17%             | 2028-01-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Symphony CLO XXV Ltd.                                                                    | SYMP 2021-25A D                                                              | CUSIP: 87167WAJ4<br>LEI: 5493006CLZCEH6WYKR81 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $238979.75    | 0.17%             | 2034-04-19      | Floating      | 8.15%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                                  | VENLNG 9.875 02/01/32 144A                                                   | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    140000 | PA      | $142150.96    | 0.10%             | 2032-02-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Jamaica (Government of)                                                                  | JAMAN 9.625 11/03/30                                                         | CUSIP: 470160CF7<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |  10000000 | PA      | $65512.05     | 0.05%             | 2030-11-03      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | STACR 2020-DNA6 B1                                                           | CUSIP: 35566CBD6<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    260000 | PA      | $274084.02    | 0.20%             | 2050-12-27      | Floating      | 7.34%                 | Yes           |                  2 | On Loan: No      |
| DISH Network Corporation                                                                 | DISH 11.75 11/15/27 144A                                                     | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    160000 | PA      | $168151.79    | 0.12%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| Inter-American Development Bank                                                          | IADB 7.35 10/06/30 GMTN                                                      | CUSIP: U4582NMK7<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |  34000000 | PA      | $416952.38    | 0.30%             | 2030-10-06      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                         | Philip Morris International Inc. COM NPV                                     | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      3027 | NS      | $518706.72    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc.                                                                              | NetApp Inc. COM USD0.001                                                     | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |       949 | NS      | $85172.75     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                                                             | Mondelez International, Inc. COM NPV                                         | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      5369 | NS      | $365789.97    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| COOK PARK CLO LTD                                                                        | COOK 2018-1A D                                                               | CUSIP: 21623PAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $247865.63    | 0.18%             | 2030-04-17      | Floating      | 8.15%                 | Yes           |                  2 | On Loan: No      |
| KREF 2022-FL3 LTD                                                                        | KREF 2022-FL3 D                                                              | CUSIP: 48275EAJ5<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $146260.47    | 0.11%             | 2039-02-22      | Floating      | 7.33%                 | Yes           |                  2 | On Loan: No      |
| Advanced Drainage System Inc                                                             | WMS 6.375 06/15/30 144A                                                      | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50771.25     | 0.04%             | 2030-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: —       |
| CONNECTICUT AVENUE SECURITIES TRUST 2022-R08                                             | CAS 2022-R08 1M2                                                             | CUSIP: 20755DAB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    200000 | PA      | $207626.00    | 0.15%             | 2042-07-25      | Floating      | 7.94%                 | Yes           |                  2 | On Loan: No      |
| EVERTEC                                                                                  | EVERTEC Term Loan B 350 2030-09-24                                           | CUSIP: U3000JAQ2<br>LEI: 54930056CPTQSUNQYB82 | Long             | LON              | CORP              | US        |     72000 | PA      | $72000.00     | 0.05%             | 2030-09-24      | Floating      | 8.89%                 | No            |                  2 | On Loan: No      |
| SALT 2021-1 TRUST                                                                        | SALTT 2021-1A A                                                              | CUSIP: 78433XAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    158449 | PA      | $151379.84    | 0.11%             | 2033-02-28      | Fixed         | 2.67%                 | Yes           |                  2 | On Loan: No      |
| Federal Realty Investment Trust                                                          | Federal Realty Investment Trust SH BEN INT NEW                               | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |      3501 | NS      | $329164.02    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| OBX 2022-NQM6 TRUST                                                                      | OBX 2022-NQM6 A1                                                             | CUSIP: 67116VAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    197754 | PA      | $198247.12    | 0.14%             | 2062-06-25      | Variable      | 4.69%                 | Yes           |                  2 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                                                                   | ISPIM 7.8 11/28/53 144A                                                      | CUSIP: 46115HCF2<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    400000 | PA      | $451016.89    | 0.32%             | 2053-11-28      | Fixed         | 7.80%                 | Yes           |                  2 | On Loan: No      |
| UNITED AIRLINES PASS THROUGH TRUSTS                                                      | UAL 4.875 01/15/26                                                           | CUSIP: 90932VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     19942 | PA      | $19868.68     | 0.01%             | 2027-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| Full House Resorts Inc.                                                                  | FLL 8.25 02/15/28 144A                                                       | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |    190000 | PA      | $177817.14    | 0.13%             | 2028-02-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Vanguard Scottsdale Funds                                                                | Vanguard Scottsdale Funds INTERMEDIATE-TERM TREASURY                         | CUSIP: 92206C706<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |     68548 | NS      | $4110823.56   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Scottsdale Funds                                                                | Vanguard Scottsdale Funds LONG-TERM TREASURY ETF                             | CUSIP: 92206C847<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |    177746 | NS      | $10103082.64  | 7.26%             |  |  |  | No            |                  1 | On Loan: —       |
| HudBay Minerals Inc                                                                      | HBMCN 6.125 04/01/29 144A                                                    | CUSIP: 443628AH5<br>LEI: 549300WI524AL577IX21 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $49777.15     | 0.04%             | 2029-04-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Ziff Davis Inc                                                                           | ZD 4.625 10/15/30 144A                                                       | CUSIP: 48123VAF9<br>LEI: 5493008OJYGLHD7MXA18 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44178.23     | 0.03%             | 2030-10-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                                                    | WFCM 2014-LC18 B                                                             | CUSIP: 94989AAZ8<br>LEI: 5493007CD1Q2V06I4172 | Long             | ABS-O            | CORP              | US        |      6903 | PA      | $6827.34      | 0.00%             | 2047-12-17      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| Gannett Co Inc                                                                           | GCI 6 12/01/27                                                               | CUSIP: 36472TAA7<br>LEI: 549300JQ2PU0RI3ZBA32 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10063.00     | 0.01%             | 2027-12-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| TransAlta Corporation                                                                    | TACN 7.75 11/15/29                                                           | CUSIP: 89346DAH0<br>LEI: GJZNVO2UY6DNFNIYH321 | Long             | DBT              | CORP              | CA        |     90000 | PA      | $93736.19     | 0.07%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Virgin Media                                                                             | Virgin Media Term Loan Y (Add-on) 325 2031-03-01                             | CUSIP: G9368PBK9<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |    100000 | PA      | $97011.00     | 0.07%             | 2031-03-01      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| Uniti Group LP/Uniti Fiber Holdings Inc/Uniti Group Finance 2019 Inc/CSL Capital LLC     | UNIT 10.5 02/15/28 144A                                                      | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $21235.70     | 0.02%             | 2028-02-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust 2016 P6                                              | CGCMT 2017-P8 A3                                                             | CUSIP: 17326DAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $243700.70    | 0.18%             | 2050-09-16      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Wynn Resorts Finance Llc / Wynn Resorts Capital Corp                                     | WYNFIN 7.125 02/15/31 144A                                                   | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51578.20     | 0.04%             | 2031-02-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: —       |
| U.S. Renal Care Inc.                                                                     | USRENA 10.625 06/28/28 144a                                                  | CUSIP: 90355YAA5<br>LEI: 54930058SS5MF69JGN89 | Long             | DBT              | CORP              | US        |     52500 | PA      | $44100.00     | 0.03%             | 2028-06-28      | Fixed         | 10.62%                | Yes           |                  2 | On Loan: No      |
| LifePoint Health, Inc                                                                    | RGCARE 9.875 08/15/30 144A                                                   | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    120000 | PA      | $127646.76    | 0.09%             | 2030-08-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| MRI SOFTWARE LLC TL                                                                      | MRI SOFTWARE LLC TL                                                          | CUSIP: LX1903959<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25126 | PA      | $24874.91     | 0.02%             | 2026-02-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Secretaria Do Tesouro Nacional                                                           | BLTN 0 01/01/26 LTN                                                          | CUSIP: P8T60NES6<br>LEI: N/A                  | Long             | DBT              | NUSS              | BR        |    114000 | PA      | $18310.34     | 0.01%             | 2026-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                        | INTC 5.7 02/10/53                                                            | CUSIP: 458140CJ7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     30000 | PA      | $26721.34     | 0.02%             | 2053-02-10      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Internet Brands                                                                          | Internet Brands Term Loan B 425 2028-04-10                                   | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |    100214 | PA      | $94702.62     | 0.07%             | 2028-04-10      | Floating      | 9.24%                 | No            |                  2 | On Loan: No      |
| Neptune BidCo US Inc.                                                                    | NLSN L 10/11/28 1                                                            | CUSIP: 64069JAF9<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |     46735 | PA      | $40843.37     | 0.03%             | 2028-11-21      | Fixed         | 9.60%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust 2015-Gs1                                                    | GSMS 2015-GC32 D                                                             | CUSIP: 36250PAM7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $205812.77    | 0.15%             | 2048-07-10      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| First Brands (Trico Group)                                                               | First Brands (Trico Group) Term Loan B (Add-on) 500 2027-03-01               | CUSIP: 31935HAG2<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |    137201 | PA      | $126911.14    | 0.09%             | 2027-03-01      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                                                        | VENTGL 6.25 01/15/30 144A                                                    | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90024.75     | 0.06%             | 2030-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertainment Inc                                                                | Caesars Entertainment Inc Term Loan B 325 2030-01-18                         | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |     65600 | PA      | $64583.20     | 0.05%             | 2030-01-18      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| SEDGWICK CLAIMS MNGT TL                                                                  | SEDGWICK CLAIMS MNGT TL                                                      | CUSIP: LX2110380<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     93376 | PA      | $92851.40     | 0.07%             | 2028-02-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MRI SOFTWARE LLC TL                                                                      | MRI SOFTWARE LLC TL                                                          | CUSIP: LX1855092<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     81408 | PA      | $80594.32     | 0.06%             | 2026-02-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust 2021-A                                                  | SMB 2021-A D1                                                                | CUSIP: 78448YAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    135505 | PA      | $119479.10    | 0.09%             | 2053-01-15      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| Edison International                                                                     | EIX V5.375 PERP A                                                            | CUSIP: 281020AS6<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    110000 | PA      | $103102.30    | 0.07%             | 2049-12-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2022-ACB                          | JPMCC 2022-ACB D                                                             | CUSIP: 46593EAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $189525.00    | 0.14%             | 2037-03-16      | Variable      | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Noble Finance II LLC.                                                                    | NEFINA 8 04/15/30 144A                                                       | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $66693.71     | 0.05%             | 2030-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| BRAVO RESIDENTIAL FUNDING TRUST 2022-NQM2                                                | BRAVO 2022-NQM2 A1                                                           | CUSIP: 10568KAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    112738 | PA      | $112732.44    | 0.08%             | 2061-11-25      | Variable      | 4.27%                 | Yes           |                  2 | On Loan: No      |
| PIONEER AIRCRAFT FINANCE LTD                                                             | PION 2019-1 A                                                                | CUSIP: 72353PAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    134735 | PA      | $130777.85    | 0.09%             | 2044-06-15      | Fixed         | 3.97%                 | Yes           |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                              | FMCN 8.625 06/01/31 144A                                                     | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    260000 | PA      | $263524.04    | 0.19%             | 2031-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Viking Cruises, Ltd.                                                                     | VIKCRU 9.125 07/15/31 144A                                                   | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     90000 | PA      | $96227.55     | 0.07%             | 2031-07-15      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| Permian Resources Operating, LLC                                                         | PR 7 01/15/32 144A                                                           | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151003.50    | 0.11%             | 2032-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Win Waste Innovations (Wheelabrator/Tunnel Hill)                                         | Win Waste Innovations (Wheelabrator/Tunnel Hill) Term Loan B 275 2028-03-07  | CUSIP: 38723BAJ0<br>LEI: 549300DJBUN7Z75R2S83 | Long             | LON              | CORP              | US        |     49490 | PA      | $48774.74     | 0.04%             | 2028-03-07      | Floating      | 2.93%                 | No            |                  2 | On Loan: No      |
| First Brands (Trico Group)                                                               | First Brands (Trico Group) Term Loan B (add-on) 500 2027-03-01               | CUSIP: 31935HAH0<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |      9897 | PA      | $9170.59      | 0.01%             | 2027-03-01      | Floating      | 9.93%                 | No            |                  2 | On Loan: No      |
| AMC Entertainment Holdings Inc                                                           | AMC 7.5 02/15/29 144A                                                        | CUSIP: 00165CBA1<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |    110000 | PA      | $75875.80     | 0.05%             | 2029-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: —       |
| Austin Powder Holdings Company                                                           | Austin Powder Holdings Company Term Loan B 325 2031-07-21                    | CUSIP: LX2390941<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     59850 | PA      | $59625.56     | 0.04%             | 2031-07-21      | Floating      | 8.49%                 | No            |                  2 | On Loan: No      |
| Axon Enterprise Inc                                                                      | AXON 6.125 03/15/30 144A                                                     | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50870.19     | 0.04%             | 2030-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Rockies Express Pipeline LLC                                                             | ROCKIE 6.75 03/15/33 144A                                                    | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40641.36     | 0.03%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| Ameriquest Mortgage Securities Inc Asset Backed Pass-Through Certificates Series 2005-R7 | AMSI 2005-R3 M4                                                              | CUSIP: 03072SA21<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     14430 | PA      | $14381.32     | 0.01%             | 2035-05-25      | Floating      | 3.47%                 | No            |                  2 | On Loan: No      |
| Northern Oil And Gas, Inc.                                                               | NOG 8.125 03/01/28 144A                                                      | CUSIP: 665531AG4<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167832.19    | 0.12%             | 2028-03-01      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Weight Watchers International                                                            | Weight Watchers International Term Loan B 350 2028-03-22                     | CUSIP: 92941PAC7<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | LON              | CORP              | US        |     20000 | PA      | $4650.00      | 0.00%             | 2028-03-22      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Cloudera                                                                                 | Cloudera First-lien Term Loan 375 2028-07-24                                 | CUSIP: 74339VAB4<br>LEI: 549300PGONC4JOI0RG62 | Long             | LON              | CORP              | US        |     89280 | PA      | $87661.87     | 0.06%             | 2028-07-24      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| Buenos Aires (Province Of)                                                               | BUENOS 6.625 09/01/37 144A                                                   | CUSIP: 11943IAA5<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | CORP              | AR        |    188180 | PA      | $126080.60    | 0.09%             | 2037-09-01      | Variable      | 6.62%                 | Yes           |                  2 | On Loan: No      |
| VodafoneZiggo                                                                            | VodafoneZiggo Term Loan B 250 2028-04-01                                     | CUSIP: N9833RAJ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     94212 | PA      | $77253.58     | 0.06%             | 2028-04-01      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| Magic MergeCo Inc                                                                        | MIK 5.25 05/01/28 144A                                                       | CUSIP: 55916AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $31264.84     | 0.02%             | 2028-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BXHPP LTD                                                                                | BXHPP 2021-FILM C                                                            | CUSIP: 05609JAL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    270000 | PA      | $243599.89    | 0.18%             | 2036-08-15      | Floating      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                             | BX 2021-VOLT D                                                               | CUSIP: 05609VAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    270000 | PA      | $265950.00    | 0.19%             | 2036-09-15      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                                                                      | MEDIND 5.25 10/01/29 144A                                                    | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28489.13     | 0.02%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST                                                                                 | BX 2021-ARIA A                                                               | CUSIP: 05608RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    270000 | PA      | $267975.00    | 0.19%             | 2036-10-15      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                                                        | VENTGL 3.875 11/01/33 144A                                                   | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    150000 | PA      | $126517.26    | 0.09%             | 2033-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: —       |
| Firstcash Inc                                                                            | FCFS 5.625 01/01/30 144A                                                     | CUSIP: 31944TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $49160.36     | 0.04%             | 2030-01-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST                                                                                 | BX 2021-SDMF F                                                               | CUSIP: 12434CAQ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    197803 | PA      | $193926.83    | 0.14%             | 2034-09-15      | Floating      | 6.81%                 | Yes           |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2022-NQM2                                            | NRZT 2022-NQM2 A1                                                            | CUSIP: 64831MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    191461 | PA      | $179863.06    | 0.13%             | 2062-03-25      | Variable      | 3.08%                 | Yes           |                  2 | On Loan: No      |
| RAD CLO 21 LTD                                                                           | RAD 2023-21A D1R                                                             | CUSIP: 750099AS2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    160000 | PA      | $153941.65    | 0.11%             | 2037-01-26      | Variable      | 8.83%                 | Yes           |                  2 | On Loan: No      |
| Primo Brands (BlueTriton Brands/Nestle Waters NA)                                        | Primo Brands (BlueTriton Brands/Nestle Waters NA) Term Loan B 225 2028-03-01 | CUSIP: 89678QAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    167679 | PA      | $166169.74    | 0.12%             | 2028-03-01      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| Imperial Dade                                                                            | Imperial Dade Term Loan B 325 2030-12-01                                     | CUSIP: 05550HAQ8<br>LEI: 549300O2G0VI2955B626 | Long             | LON              | CORP              | US        |     99750 | PA      | $98565.97     | 0.07%             | 2030-12-01      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Allen Media                                                                              | Allen Media Term Loan B (Add-on) 550 2027-02-01                              | CUSIP: 01771JAH6<br>LEI: 549300ERNJNM4RN5JP79 | Long             | LON              | CORP              | US        |    326647 | PA      | $160056.97    | 0.12%             | 2027-02-01      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Vortex Opco LLC                                                                          | UNSTSV 8 04/30/30 144A                                                       | CUSIP: 92905YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    107217 | PA      | $16854.51     | 0.01%             | 2030-04-30      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ALLWYN ENT FIN US LLC TL                                                                 | ALLWYN ENT FIN US LLC TL                                                     | CUSIP: LX2579204<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    109177 | PA      | $107357.08    | 0.08%             | 2031-06-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Suzano Austria GmbH                                                                      | SUZANO 3.125 01/15/32 DM3N                                                   | CUSIP: 86964WAK8<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |    120000 | PA      | $102313.07    | 0.07%             | 2032-01-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                                                        | VENTGL 4.125 08/15/31 144A                                                   | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     30000 | PA      | $26950.60     | 0.02%             | 2031-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Foot Locker, Inc.                                                                        | FL 4 10/01/29 144A                                                           | CUSIP: 344849AA2<br>LEI: 549300X383CBNP6MTV94 | Long             | DBT              | CORP              | US        |    140000 | PA      | $113460.03    | 0.08%             | 2029-10-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: —       |
| Community Health Systems Incorporated                                                    | CYH 5.25 05/15/30 144A                                                       | CUSIP: 12543DBM1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $93846.77     | 0.07%             | 2030-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| SG RESIDENTIAL MORTGAGE TRUST 2022-1                                                     | SGR 2022-1 A1                                                                | CUSIP: 78433QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    207327 | PA      | $191082.59    | 0.14%             | 2062-03-25      | Variable      | 3.17%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES 2022-NQM1                                                  | GSMBS 2022-NQM1 A4                                                           | CUSIP: 36264EAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    178320 | PA      | $162782.05    | 0.12%             | 2062-05-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                                             | MLTPLN L 12/31/30 2                                                          | CUSIP: 55328HAQ4<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |    123021 | PA      | $97186.59     | 0.07%             | 2030-01-01      | Fixed         | 13.45%                | No            |                  2 | On Loan: No      |
| Chord Energy Corp.                                                                       | CHRD 6.75 03/15/33 144A                                                      | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58403.23     | 0.04%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CB BUYER INC DEL DRAW TL                                                                 | CB BUYER INC DEL DRAW TL                                                     | CUSIP: LX2375967<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     10320 | PA      | $10242.21     | 0.01%             | 2031-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TKC Holdings Inc.                                                                        | TKCHOL 10.5 05/15/29 144A                                                    | CUSIP: 87256YAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $80038.88     | 0.06%             | 2029-05-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: —       |
| Prosus NV                                                                                | PRXNA 3.061 07/13/31 144A                                                    | CUSIP: 74365PAF5<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    270000 | PA      | $233085.05    | 0.17%             | 2031-07-13      | Fixed         | 3.06%                 | Yes           |                  2 | On Loan: No      |
| Multiplan                                                                                | Multiplan Term Loan B 425 2028-08-04                                         | CUSIP: 55328HAK7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |     14840 | PA      | $11872.00     | 0.01%             | 2028-08-04      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Carriage Purchaser Inc.                                                                  | PSLOGI 7.875 10/15/29 144A                                                   | CUSIP: 14445LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $164207.69    | 0.12%             | 2029-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST                                                                                 | BX 2021-ACNT A                                                               | CUSIP: 05609QAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    168888 | PA      | $168254.48    | 0.12%             | 2038-11-15      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| KREF HOLDINGS X LLC TL                                                                   | KREF HOLDINGS X LLC TL                                                       | CUSIP: LX2593908<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $98938.00     | 0.07%             | 2032-02-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Spirit IP Cayman Ltd / Spirit Loyalty Cayman Ltd                                         | SAVE 11 03/06/30 144A                                                        | CUSIP: 84859BAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    220721 | PA      | $174231.64    | 0.13%             | 2030-03-12      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| SolarWinds                                                                               | SolarWinds First-lien Term Loan 400 2032-03-01                               | CUSIP: 85554UAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    117765 | PA      | $113495.63    | 0.08%             | 2032-03-01      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| Marks and Spencer plc                                                                    | MARSPE 7.125 12/01/37 144A                                                   | CUSIP: 57069PAA0<br>LEI: 213800CN1RI3UCIZWB95 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $106071.80    | 0.08%             | 2037-12-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: —       |
| WW International Inc                                                                     | WW 4.5 04/15/29 144A                                                         | CUSIP: 98262PAA9<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | DBT              | CORP              | US        |    120000 | PA      | $28045.90     | 0.02%             | 2029-04-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Altice France S.A                                                                        | SFRFP 5.5 10/15/29 144A                                                      | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    840000 | PA      | $687632.48    | 0.49%             | 2029-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: —       |
| DISH DBS Corporation                                                                     | DISH 5.25 12/01/26 144A                                                      | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $72799.31     | 0.05%             | 2026-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: —       |
| UST Holdings                                                                             | UST Holdings Term Loan B 375 2028-10-16                                      | CUSIP: 90355HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     76873 | PA      | $76584.89     | 0.06%             | 2028-10-16      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| Titan International, Inc.                                                                | TWI 7 04/30/28                                                               | CUSIP: 88830MAM4<br>LEI: 254900CXRGBE7C4B5A06 | Long             | DBT              | CORP              | US        |    120000 | PA      | $117482.92    | 0.08%             | 2028-04-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Railworks Holdings LP / Railworks Rally Inc.                                             | RWORKS 8.25 11/15/28 144A                                                    | CUSIP: 75079MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $90141.57     | 0.06%             | 2028-11-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| MTN COMMERCIAL MORTGAGE TRUST 2022-LPFL                                                  | MTN 2022-LPFL F                                                              | CUSIP: 62475WAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $196237.98    | 0.14%             | 2039-03-15      | Floating      | 10.27%                | Yes           |                  2 | On Loan: No      |
| Claritev Corporation                                                                     | CTEV 6.75 03/31/31 144A                                                      | CUSIP: 62548MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100534 | PA      | $67357.78     | 0.05%             | 2031-03-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Virtu Financial                                                                          | Virtu Financial Term Loan B 250 2031-06-01                                   | CUSIP: 91820UAV2<br>LEI: 549300FRO9M476YHHY64 | Long             | LON              | CORP              | US        |    120000 | PA      | $119400.00    | 0.09%             | 2031-06-01      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Axon Enterprise Inc                                                                      | AXON 6.25 03/15/33 144A                                                      | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20384.54     | 0.01%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2021-ESH                                                     | ESA 2021-ESH C                                                               | CUSIP: 30227FAG5<br>LEI: 549300IESZBC3BJUJW64 | Long             | ABS-O            | CORP              | US        |    223465 | PA      | $222627.03    | 0.16%             | 2038-07-15      | Floating      | 6.56%                 | Yes           |                  2 | On Loan: No      |
| Sunnova Energy Corp.                                                                     | NOVA 5.875 09/01/26 144A                                                     | CUSIP: 86745GAF0<br>LEI: 549300TH3GCD8YQUDR46 | Long             | DBT              | CORP              | US        |     50000 | PA      | $15000.00     | 0.01%             | 2026-09-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Range Resources Corp.                                                                    | RRC 8.25 01/15/29                                                            | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112650.36    | 0.08%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Tallgrass Energy Partners, LP and Tallgrass Energy Finance Corp.                         | TEP 6 12/31/30 144A                                                          | CUSIP: 87470LAJ0<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46557.07     | 0.03%             | 2030-12-31      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                                 | VST 6.875 04/15/32 144A                                                      | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    120000 | PA      | $124293.51    | 0.09%             | 2032-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: —       |
| AssuredPartners                                                                          | AssuredPartners Term Loan B-5 (Incremental) 350 2031-02-04                   | CUSIP: 04621HAW3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | LON              | CORP              | US        |    207900 | PA      | $207845.95    | 0.15%             | 2031-02-04      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| AMC Networks Inc                                                                         | AMCX 10.25 01/15/29 144A                                                     | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41097.01     | 0.03%             | 2029-01-15      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: —       |
| MOUNTAIN VIEW CLO XVI LTD                                                                | MVEW 2022-1A DR                                                              | CUSIP: 62432UAU5<br>LEI: 549300MWKXOHYV7Z8O91 | Long             | ABS-CBDO         | CORP              | KY        |    140000 | PA      | $140124.78    | 0.10%             | 2034-04-17      | Floating      | 8.49%                 | Yes           |                  2 | On Loan: No      |
| LATAM Airlines Group SA                                                                  | LTMCI 7.875 04/15/30 144A                                                    | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    100000 | PA      | $97875.00     | 0.07%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: —       |
| Venture Global LNG Inc.                                                                  | VENLNG V9 PERP 144a                                                          | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    140000 | PA      | $120334.89    | 0.09%             | 2049-12-31      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Adient Global Holdings Ltd                                                               | ADNT 7.5 02/15/33 144A                                                       | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |     50000 | PA      | $47378.91     | 0.03%             | 2033-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: —       |
| MPT Operating Partnership LP / MPT Finance Corporation                                   | MPW 8.5 02/15/32 144a                                                        | CUSIP: 55342UAQ7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71118.81     | 0.05%             | 2032-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Focus Financial                                                                          | Focus Financial Term Loan B-8 (add-on) 275 2031-09-01                        | CUSIP: 34416DBD9<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |      9975 | PA      | $9843.53      | 0.01%             | 2031-09-01      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Alpha Generation LLC                                                                     | Alpha Generation LLC Term Loan B 275 2031-09-08                              | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |     79600 | PA      | $79543.48     | 0.06%             | 2031-09-08      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Innomotics                                                                               | Innomotics Term Loan B 400 2031-09-15                                        | CUSIP: 26806DAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    139300 | PA      | $138603.50    | 0.10%             | 2031-09-15      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| NCL Corporation Ltd.                                                                     | NCLH 6.75 02/01/32 144A                                                      | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    220000 | PA      | $214816.69    | 0.15%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| National Colleg. Stud.                                                                   | NCSLT 2007-2 A4                                                              | CUSIP: 63543LAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    217291 | PA      | $210755.67    | 0.15%             | 2033-01-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| Ecopetrol S.A.                                                                           | ECOPET 8.375 01/19/36                                                        | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    200000 | PA      | $187217.51    | 0.13%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LifePoint Health                                                                         | LifePoint Health Term Loan B 375 2031-05-01                                  | CUSIP: 75915TAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     94212 | PA      | $92238.89     | 0.07%             | 2031-05-01      | Floating      | 8.69%                 | No            |                  2 | On Loan: No      |
| BANK 2024-BNK48                                                                          | BANK 2024-BNK48 A5                                                           | CUSIP: 06541GAH0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $189119.65    | 0.14%             | 2057-10-17      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                         | NRG 6.25 11/01/34 144A                                                       | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69892.45     | 0.05%             | 2034-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Accelerate360 Holdings LLC                                                               | ACCTHR 11 12/01/31 144A                                                      | CUSIP: 00456LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    107462 | PA      | $114178.38    | 0.08%             | 2031-12-01      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| NielsenIQ/Global Connect                                                                 | NielsenIQ/Global Connect Term Loan B 350 2028-03-01                          | CUSIP: 45674PAR5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     89725 | PA      | $89388.53     | 0.06%             | 2028-03-01      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| WorldPay                                                                                 | WorldPay Term Loan B 200 2031-01-01                                          | CUSIP: 92943EAG1<br>LEI: 254900S8RE1OL7TTCU64 | Long             | LON              | CORP              | US        |     99750 | PA      | $99500.63     | 0.07%             | 2031-01-01      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| RIDE 2025-SHRE                                                                           | RIDE 2025-SHRE D                                                             | CUSIP: 765692AG3<br>LEI: 5493000HCHF3YP6AGZ15 | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $202039.36    | 0.15%             | 2047-02-14      | Variable      | 6.97%                 | Yes           |                  2 | On Loan: No      |
| Authentic Brands                                                                         | Authentic Brands Term Loan B (Incremental) 225 2032-02-04                    | CUSIP: 00076VBM1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     94212 | PA      | $91974.15     | 0.07%             | 2032-02-04      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| Gen Digital Inc                                                                          | GEN 6.25 04/01/33 144A                                                       | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79784.18     | 0.06%             | 2033-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Adtalem Global Education                                                                 | Adtalem Global Education Term Loan B 275 2028-08-01                          | CUSIP: 00737RAH3<br>LEI: 549300Z467EZLMODV621 | Long             | LON              | CORP              | US        |     14838 | PA      | $14837.59     | 0.01%             | 2028-08-01      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| HIH TR 2024-61P                                                                          | HIH 2024-61P F                                                               | CUSIP: 40444VAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $197371.24    | 0.14%             | 2041-10-15      | Floating      | 10.43%                | Yes           |                  2 | On Loan: No      |
| ADT Corp                                                                                 | ADT Corp Term Loan B 200 2030-10-01                                          | CUSIP: 03765VAP5<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |     89327 | PA      | $88870.22     | 0.06%             | 2030-10-01      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| Saks Global Enterprises LLC                                                              | SAGLEN 11 12/15/29 144A                                                      | CUSIP: 79380MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $66719.11     | 0.05%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| TEAM Services                                                                            | TEAM Services First-lien Term Loan 500 2027-10-06                            | CUSIP: 87821EAB9<br>LEI: 254900SLCOEZGQJACP02 | Long             | LON              | CORP              | US        |     39690 | PA      | $38161.86     | 0.03%             | 2027-10-06      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| SONRAVA HEALTH HOLDING TL                                                                | SONRAVA HEALTH HOLDING TL                                                    | CUSIP: LX2368368<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    361254 | PA      | $128245.08    | 0.09%             | 2028-08-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Alliance Laundry Systems                                                                 | Alliance Laundry Systems Term Loan B 350 2031-07-30                          | CUSIP: 01862LBA5<br>LEI: 549300YBOGK6MBI5ND34 | Long             | LON              | CORP              | US        |     94212 | PA      | $93376.02     | 0.07%             | 2031-07-30      | Floating      | 8.61%                 | No            |                  2 | On Loan: No      |
| Alpha Generation LLC                                                                     | ALPGEN 6.75 10/15/32 144A                                                    | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40764.48     | 0.03%             | 2032-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| Quikrete Holdings Inc                                                                    | QUIKHO 6.375 03/01/32 144A                                                   | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90507.23     | 0.07%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| KNDR TRUST                                                                               | KNDR 2021-KIND E                                                             | CUSIP: 482606AQ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    158697 | PA      | $154482.55    | 0.11%             | 2038-08-16      | Floating      | 8.22%                 | Yes           |                  2 | On Loan: No      |
| BANK 2022-BNK44                                                                          | BANK 2022-BNK44 D                                                            | CUSIP: 06540KBQ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $138592.06    | 0.10%             | 2055-11-18      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| GEO Group Inc                                                                            | GEO 10.25 04/15/31                                                           | CUSIP: 36162JAH9<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |     70000 | PA      | $76485.01     | 0.05%             | 2031-04-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| Endeavor                                                                                 | Endeavor Term Loan B 300 2032-01-15                                          | CUSIP: 26875YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100000 | PA      | $98583.00     | 0.07%             | 2032-01-15      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| Snap Inc                                                                                 | SNAP 6.875 03/01/33 144A                                                     | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49936.77     | 0.04%             | 2033-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Vungle/Liftoff Mobile                                                                    | Vungle/Liftoff Mobile Term Loan B 375 2028-09-07                             | CUSIP: 57165KAB2<br>LEI: 549300TP5NEG85CHPU59 | Long             | LON              | CORP              | US        |     59691 | PA      | $58273.07     | 0.04%             | 2028-09-07      | Floating      | 3.86%                 | No            |                  2 | On Loan: No      |
| Equipmentshare Com Inc.                                                                  | EQMSRM 8 03/15/33 144A                                                       | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9870.57      | 0.01%             | 2033-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| NEW GENERATION 0.00%                                                                     | NEW GENERATION 0.00%                                                         | CUSIP: 64199ANB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    118919 | PA      | $117154.46    | 0.08%             | 2029-09-30      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| AmWINS Group                                                                             | AmWINS Group Term Loan B 225 2032-01-01                                      | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |     94212 | PA      | $93667.14     | 0.07%             | 2032-01-01      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC/Directv Financing Co-Obligor Inc.                                  | DTV 10 02/15/31 144A                                                         | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $47349.77     | 0.03%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-BIO2                                                   | BX 2024-BIO2 D                                                               | CUSIP: 05613GAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $97205.03     | 0.07%             | 2041-08-15      | Variable      | 7.97%                 | Yes           |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                    | ROMANI 7.5 02/10/37 144A                                                     | CUSIP: 77586RAW0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     60000 | PA      | $59706.00     | 0.04%             | 2037-02-10      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Getty Images                                                                             | Getty Images Term Loan B 2030-02-03                                          | CUSIP: 37427UAQ3<br>LEI: 5493005NV20IG4VEKZ40 | Long             | LON              | CORP              | US        |     30000 | PA      | $29550.00     | 0.02%             | 2030-02-03      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| Primo Water Holdings Inc / Triton Water Holdings Inc.                                    | PRMWCN 6.25 04/01/29 144A                                                    | CUSIP: 74168RAC7<br>LEI: 9845008F9A5F2E1D4832 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39778.57     | 0.03%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |
| Rsc Acquisition Inc                                                                      | RSCIBI L 11/01/26 1                                                          | CUSIP: LX1836159<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     30138 | PA      | $30025.43     | 0.02%             | 2029-10-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COLT 2022-3 MORTGAGE LOAN TRUST                                                          | COLT 2022-3 A1                                                               | CUSIP: 12659YAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    186077 | PA      | $179497.43    | 0.13%             | 2067-02-25      | Variable      | 3.90%                 | Yes           |                  2 | On Loan: No      |
| APEX CREDIT CLO 2022-1 LTD                                                               | APEXC 2022-1A D                                                              | CUSIP: 03753YAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    130000 | PA      | $129475.31    | 0.09%             | 2033-12-31      | Variable      | 8.69%                 | Yes           |                  2 | On Loan: No      |
| AMMC CLO 23 LTD                                                                          | AMMC 2020-23A D1R2                                                           | CUSIP: 00177JBS3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $148155.81    | 0.11%             | 2035-04-17      | Variable      | 8.00%                 | Yes           |                  2 | On Loan: No      |
| EUC (End User Computing)                                                                 | EUC (End User Computing) Term Loan B 450 2031-04-01                          | CUSIP: 60753DAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     93662 | PA      | $88593.65     | 0.06%             | 2031-04-01      | Floating      | 9.82%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-4                                                        | VERUS 2024-4 A3                                                              | CUSIP: 92540GAC2<br>LEI: 213800WNY873LW1L3M73 | Long             | ABS-O            | CORP              | US        |    155374 | PA      | $156886.45    | 0.11%             | 2069-06-25      | Variable      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Turk Telekomunikasyon A.S.                                                               | TURKTI 7.375 05/20/29 144A                                                   | CUSIP: 90011QAD2<br>LEI: 789000A2TXOI10JZLF90 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $200150.40    | 0.14%             | 2029-05-20      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Commscope LLC                                                                            | COMM 9.5 12/15/31 144A                                                       | CUSIP: 20338MAA0<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71608.04     | 0.05%             | 2031-12-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: —       |
| GS Mortgage Securities Trust 2015-GC30                                                   | GSMS 2015-GC30 C                                                             | CUSIP: 36250GAW5<br>LEI: 549300L45M7638EL0H21 | Long             | ABS-O            | CORP              | US        |    180000 | PA      | $161928.45    | 0.12%             | 2050-05-12      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2022-NQM2                                                | BRAVO 2022-NQM2 A3                                                           | CUSIP: 10568KAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    140923 | PA      | $140441.23    | 0.10%             | 2061-11-25      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2024-NQM2                                                | BRAVO 2024-NQM2 A3                                                           | CUSIP: 10569KAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    145277 | PA      | $146393.96    | 0.11%             | 2064-02-25      | Variable      | 6.59%                 | Yes           |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                                                            | STWD 7.25 04/01/29 144A                                                      | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51851.23     | 0.04%             | 2029-04-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Bombardier Inc.                                                                          | BBDBCN 7.25 07/01/31 144A                                                    | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     64000 | PA      | $65526.72     | 0.05%             | 2031-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| Equipmentshare Com Inc.                                                                  | EQMSRM 8.625 05/15/32 144A                                                   | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91883.61     | 0.07%             | 2032-05-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: —       |
| ZF North America Capital, Inc.                                                           | ZFFNGR 6.875 04/23/32 144A                                                   | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    300000 | PA      | $263304.27    | 0.19%             | 2032-04-23      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| OCP SA                                                                                   | OCPMR 6.75 05/02/34 144A                                                     | CUSIP: 67091TAF2<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    200000 | PA      | $201900.00    | 0.15%             | 2034-05-02      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| GALAXY XXVI CLO LTD                                                                      | GALXY 2018-26A DR                                                            | CUSIP: 36321LAQ2<br>LEI: 549300GJYHKO4BDEN716 | Long             | ABS-CBDO         | CORP              | KY        |    110000 | PA      | $110176.00    | 0.08%             | 2031-11-24      | Variable      | 7.46%                 | Yes           |                  2 | On Loan: No      |
| GRAY TELEVISION INC TL                                                                   | GRAY TELEVISION INC TL                                                       | CUSIP: LX2334782<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49625 | PA      | $47832.55     | 0.03%             | 2029-05-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Univision Communications/Televisa                                                        | Univision Communications/Televisa Term Loan B (Incremental) 350 2029-01-01   | CUSIP: 914908BG2<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |     19850 | PA      | $19006.38     | 0.01%             | 2029-01-01      | Floating      | 9.09%                 | No            |                  2 | On Loan: No      |
| Howard Midstream Energy Partners Llc                                                     | HOWMID 7.375 07/15/32 144A                                                   | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51179.42     | 0.04%             | 2032-07-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Wrangler Holdco Corp.                                                                    | GFLCN 6.625 04/01/32 144A                                                    | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $143713.92    | 0.10%             | 2032-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| BLUEBERRY PARK CLO LTD                                                                   | BERRY 2024-1A D1                                                             | CUSIP: 09609QAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    110000 | PA      | $109516.00    | 0.08%             | 2037-10-20      | Floating      | 7.19%                 | Yes           |                  2 | On Loan: No      |
| AMMC CLO 24 LTD                                                                          | AMMC 2021-24A DR                                                             | CUSIP: 00177LAQ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    150000 | PA      | $145360.82    | 0.10%             | 2035-01-20      | Variable      |  | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                            | STACR 2022-DNA2 M2                                                           | CUSIP: 35564KRN1<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    225000 | PA      | $233341.56    | 0.17%             | 2042-02-25      | Floating      | 8.09%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Seasoned Credit Risk Transfer Trust Series 2017-2                            | SCRT 2022-1 M                                                                | CUSIP: 35563PC80<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    130000 | PA      | $109999.20    | 0.08%             | 2061-11-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Cotiviti Inc                                                                             | Cotiviti Inc Term Loan B 325 2031-02-12                                      | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    108828 | PA      | $106379.67    | 0.08%             | 2031-02-12      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| CIFC Funding 2017-III Ltd./CIFC Funding 2017-III LLC                                     | CIFC 2017-3A D1R                                                             | CUSIP: 12548JAU6<br>LEI: 254900S2BZHNDNVF2L25 | Long             | ABS-CBDO         | CORP              | KY        |    210000 | PA      | $205426.20    | 0.15%             | 2037-04-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| VFH Parent LLC & Valor Co-Issuer Inc.                                                    | VIRT 7.5 06/15/31 144A                                                       | CUSIP: 91824YAA6<br>LEI: 549300FRO9M476YHHY64 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20528.98     | 0.01%             | 2031-06-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                    | CAS 2017-C06 1B1                                                             | CUSIP: 30711XQW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    330000 | PA      | $348617.31    | 0.25%             | 2030-02-25      | Floating      | 8.60%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline L.P.                                                        | PAA V0 PERP B                                                                | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128221.95    | 0.09%             | 2049-12-31      | Floating      | 8.69%                 | No            |                  2 | On Loan: No      |
| BHMS Mortgage Trust                                                                      | BHMS 2018-ATLS A                                                             | CUSIP: 05549GAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $189878.88    | 0.14%             | 2035-07-16      | Floating      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                                                             | BHCCN 6.25 02/15/29 144A                                                     | CUSIP: 071734AK3<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $6550.00      | 0.00%             | 2029-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |
| PremiStars (fka Reedy Industries)                                                        | PremiStars (fka Reedy Industries) Term Loan B 425 2028-08-01                 | CUSIP: 88366MAE4<br>LEI: 254900K7OD47ERJZN242 | Long             | LON              | CORP              | US        |    207366 | PA      | $206459.72    | 0.15%             | 2028-08-01      | Floating      | 9.59%                 | No            |                  2 | On Loan: No      |
| Spencer Spirit                                                                           | Spencer Spirit Term Loan B 550 2031-06-13                                    | CUSIP: 84823UAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    199000 | PA      | $194522.50    | 0.14%             | 2031-06-13      | Floating      | 10.84%                | No            |                  2 | On Loan: No      |
| Citrix Systems Inc.                                                                      | CTXS 4.5 12/01/27                                                            | CUSIP: 177376AE0<br>LEI: HCTKJGUQOPZ5NBK7NP58 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27294.11     | 0.02%             | 2027-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DigiCert                                                                                 | DigiCert First-lien Term Loan 400 2026-07-27                                 | CUSIP: 24022KAB5<br>LEI: 549300EF826JEEUCHZ67 | Long             | LON              | CORP              | US        |    169778 | PA      | $163883.05    | 0.12%             | 2026-07-27      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| Corecivic Inc                                                                            | CXW 4.75 10/15/27                                                            | CUSIP: 21871NAA9<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194829.74    | 0.14%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CommScope Technologies LLC                                                               | COMM 5 03/15/27 144A                                                         | CUSIP: 20338HAB9<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |     60000 | PA      | $52213.24     | 0.04%             | 2027-03-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: —       |
| Gray Media Inc.                                                                          | GTN 7 05/15/27 144A                                                          | CUSIP: 389284AA8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77828.45     | 0.06%             | 2027-05-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Banco Mercantil Del Norte SA Cayman Islands Branch                                       | BANORT V7.5 PERP 144A                                                        | CUSIP: 05971PAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    250000 | PA      | $244324.60    | 0.18%             | 2049-12-31      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Secretaria Do Tesouro Nacional                                                           | BNTNF 10 01/01/31 NTNF                                                       | CUSIP: P8T60NEH0<br>LEI: N/A                  | Long             | DBT              | NUSS              | BR        |   1998000 | PA      | $301143.10    | 0.22%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| DP World Ltd.                                                                            | DPWDU 5.625 09/25/48 144A                                                    | CUSIP: 23330JAB7<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |    290000 | PA      | $267783.10    | 0.19%             | 2048-09-25      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Meglobal Canada Ulc                                                                      | EQPTRC 5.875 05/18/30 144A                                                   | CUSIP: 58518N2A9<br>LEI: 635400MHHHT7LMKMQL03 | Long             | DBT              | CORP              | CA        |    210000 | PA      | $217854.00    | 0.16%             | 2030-05-18      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Petroleos del Peru - Petroperu SA                                                        | PETRPE 5.625 06/19/47 144A                                                   | CUSIP: 716564AB5<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |    250000 | PA      | $153277.48    | 0.11%             | 2047-06-19      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corporation                                   | MPW 5 10/15/27                                                               | CUSIP: 55342UAH7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |    180000 | PA      | $159032.04    | 0.11%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| ViaSat, Inc.                                                                             | VSAT 5.625 04/15/27 144A                                                     | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48982.79     | 0.04%             | 2027-04-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Ardagh Packaging Finance plc / Ardagh Holdings USA Inc.                                  | ARGID 5.25 08/15/27 144A                                                     | CUSIP: 03969AAP5<br>LEI: 6354001JXMLKNZDZR978 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $92000.00     | 0.07%             | 2027-08-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: —       |
| Clear Channel Outdoor Holdings Inc New                                                   | CCO 5.125 08/15/27 144A                                                      | CUSIP: 18453HAA4<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19445.75     | 0.01%             | 2027-08-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                               | OXY 4.4 08/15/49                                                             | CUSIP: 674599CY9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     60000 | PA      | $39959.30     | 0.03%             | 2049-08-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                | AER V6.95 03/10/55                                                           | CUSIP: 00774MBK0<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    150000 | PA      | $150623.55    | 0.11%             | 2055-03-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| United Airlines                                                                          | United Airlines Term Loan B 200 2031-02-01                                   | CUSIP: 90932RAP9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    149545 | PA      | $148937.57    | 0.11%             | 2031-02-01      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| Two Kings Casino                                                                         | Two Kings Casino Term Loan B 475 2031-12-01                                  | CUSIP: 14907EAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     70000 | PA      | $69416.90     | 0.05%             | 2031-12-01      | Floating      | 9.10%                 | No            |                  2 | On Loan: No      |
| LifePoint Health                                                                         | LifePoint Health Term Loan B (Incremental) 350 2031-05-01                    | CUSIP: 75915TAL6<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |     39800 | PA      | $38780.30     | 0.03%             | 2031-05-01      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| MF1 2025-FL17 LLC                                                                        | MF1 2025-FL17 A                                                              | CUSIP: 55287HAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    120000 | PA      | $118662.26    | 0.09%             | 2040-02-21      | Floating      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| Goldentree Loan Management US CLO 1 Ltd.                                                 | GLM 2017-1A ER3                                                              | CUSIP: 38136HAS8<br>LEI: 549300BE2068MP2P8N06 | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $139536.56    | 0.10%             | 2034-04-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                                         | TEVA 4.75 05/09/27                                                           | CUSIP: 88167AAP6<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    340000 | PA      | $333547.96    | 0.24%             | 2027-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2022-NQM1                                                | BRAVO 2022-NQM1 A1                                                           | CUSIP: 10569FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    154199 | PA      | $149573.93    | 0.11%             | 2061-09-25      | Variable      | 3.63%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2022-3                                                          | AOMT 2022-3 A3                                                               | CUSIP: 03464TAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    131350 | PA      | $120133.65    | 0.09%             | 2067-01-25      | Variable      | 4.13%                 | Yes           |                  2 | On Loan: No      |
| MF1 2022-FL9 LLC                                                                         | MF1 2022-FL9 A                                                               | CUSIP: 55285AAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    229972 | PA      | $230023.13    | 0.17%             | 2037-06-22      | Floating      | 2.76%                 | Yes           |                  2 | On Loan: No      |
| Davis-Standard                                                                           | Davis-Standard Term Loan B 550 2030-11-26                                    | CUSIP: 23344YAG7<br>LEI: 254900EH8GRZUGRWRH57 | Long             | LON              | CORP              | US        |    178650 | PA      | $156431.30    | 0.11%             | 2030-11-26      | Floating      | 10.88%                | No            |                  2 | On Loan: No      |
| Cotiviti Inc                                                                             | Cotiviti Inc Fixed-rate Loan 2031-02-12                                      | CUSIP: 22164MAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     90000 | PA      | $88819.20     | 0.06%             | 2031-02-12      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                                                              | CRGYFN 7.625 04/01/32 144A                                                   | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45430.34     | 0.03%             | 2032-04-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Tutor Perini Corporation                                                                 | TPC 11.875 04/30/29 144A                                                     | CUSIP: 901109AG3<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | DBT              | CORP              | US        |    150000 | PA      | $161815.50    | 0.12%             | 2029-04-30      | Fixed         | 11.88%                | Yes           |                  2 | On Loan: —       |
| Cloud Software Group Inc.                                                                | TIBX 8.25 06/30/32 144A                                                      | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41724.72     | 0.03%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| EYECARE PARTNERS LLC TL                                                                  | EYECARE PARTNERS LLC TL                                                      | CUSIP: 30233PAT7<br>LEI: N/A                  | Long             | LON              | CORP              | XX        |     31406 | PA      | $24195.69     | 0.02%             | 2030-10-12      | Fixed         | 8.71%                 | No            |                  2 | On Loan: No      |
| CB BUYER TL                                                                              | CB BUYER TL                                                                  | CUSIP: LX2375942<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49446 | PA      | $49075.48     | 0.04%             | 2031-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GLOB TEL LINK CORP TL                                                                    | GLOB TEL LINK CORP TL                                                        | CUSIP: 37959JAG6<br>LEI: N/A                  | Long             | LON              | CORP              | XX        |     89550 | PA      | $83654.92     | 0.06%             | 2029-08-01      | Fixed         | 11.87%                | No            |                  2 | On Loan: No      |
| Permian Resources Operating, LLC                                                         | PR 6.25 02/01/33 144A                                                        | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88010.87     | 0.06%             | 2033-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Clarios (Power Solutions)                                                                | Clarios (Power Solutions) Term Loan B (Incremental) 275 2032-01-07           | CUSIP: C8000CAP8<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |     30000 | PA      | $29337.60     | 0.02%             | 2032-01-07      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| Rsc Acquisition Inc                                                                      | RSCIBI L 11/01/26 1                                                          | CUSIP: 7299967S1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     20649 | PA      | $20571.70     | 0.01%             | 2029-10-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JB Poindexter & Co Inc                                                                   | JBPOIN 8.75 12/15/31 144A                                                    | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50268.65     | 0.04%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Corecivic Inc                                                                            | CXW 8.25 04/15/29                                                            | CUSIP: 21871NAC5<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42164.40     | 0.03%             | 2029-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Sotera Health Holdings LLC                                                               | STENOR 7.375 06/01/31 144A                                                   | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71794.87     | 0.05%             | 2031-06-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| MH SUB I LLC TL                                                                          | MH SUB I LLC TL                                                              | CUSIP: LX2555832<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     67824 | PA      | $59285.79     | 0.04%             | 2031-12-11      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS NET TL                                                                    | DIAMOND SPORTS NET TL                                                        | CUSIP: 25277EAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     47106 | PA      | $41747.55     | 0.03%             | 2028-01-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Vermilion Energy Inc.                                                                    | VETCN 7.25 02/15/33 144A                                                     | CUSIP: 923725AE5<br>LEI: WT03B8BB1IX8WI9ZGV02 | Long             | DBT              | RF                | CA        |    100000 | PA      | $83894.04     | 0.06%             | 2033-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                                     | CCL 6.125 02/15/33 144A                                                      | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    120000 | PA      | $118985.30    | 0.09%             | 2033-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: —       |
| Liberty Tire Recycling                                                                   | Liberty Tire Recycling Term Loan B 450 2028-04-10                            | CUSIP: 50219UAB1<br>LEI: 549300J0IFHJE2TQGX07 | Long             | LON              | CORP              | US        |    148458 | PA      | $140169.21    | 0.10%             | 2028-04-10      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| OAKTREE CLO 2022-1 LTD                                                                   | OAKCL 2022-1A E                                                              | CUSIP: 67402NAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    487000 | PA      | $480881.58    | 0.35%             | 2033-05-16      | Floating      | 12.28%                | Yes           |                  2 | On Loan: No      |
| Rsc Acquisition Inc                                                                      | RSCIBI L 11/01/26 1                                                          | CUSIP: LX2082068<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     20895 | PA      | $20817.01     | 0.01%             | 2029-10-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-8                                                        | VERUS 2023-8 A3                                                              | CUSIP: 92540DAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     68195 | PA      | $69050.99     | 0.05%             | 2068-12-25      | Variable      | 6.97%                 | Yes           |                  2 | On Loan: No      |
| CAFL 2023-RTL1 ISSUER LLC                                                                | CAFL 2023-RTL1 A1                                                            | CUSIP: 124762AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $161208.88    | 0.12%             | 2030-12-28      | Fixed         | 7.55%                 | Yes           |                  2 | On Loan: No      |
| Community Health Systems Incorporated                                                    | CYH 10.875 01/15/32 144A                                                     | CUSIP: 12543DBN9<br>LEI: 549300BQWM4WENQ3YW73 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82600.64     | 0.06%             | 2032-01-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| Empire Communities Corp.                                                                 | EMPRCC 9.75 05/01/29 144A                                                    | CUSIP: 29163VAG8<br>LEI: 549300JM1L6KK2QFP273 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $48785.00     | 0.04%             | 2029-05-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                                                 | JANEST 7.125 04/30/31 144A                                                   | CUSIP: 47077WAC2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206264.41    | 0.15%             | 2031-04-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Global Medical Response (fka Air Medical Group)                                          | Global Medical Response (fka Air Medical Group) Term Loan B 550 2028-10-01   | CUSIP: 00169QAG4<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | LON              | CORP              | US        |    102197 | PA      | $101912.99    | 0.07%             | 2028-10-01      | Floating      | 10.83%                | No            |                  2 | On Loan: No      |
| Bombardier Inc.                                                                          | BBDBCN 7 06/01/32 144A                                                       | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     80000 | PA      | $80938.48     | 0.06%             | 2032-06-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: —       |
| Sotera Health (fka Sterigenics Nordin)                                                   | Sotera Health (fka Sterigenics Nordin) Term Loan B 325 2031-05-15            | CUSIP: 83600VAG6<br>LEI: 549300OVT7MBXFLOFU20 | Long             | LON              | CORP              | US        |    199000 | PA      | $198130.37    | 0.14%             | 2031-05-15      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| Jane Street Group                                                                        | Jane Street Group Term Loan B 200 2031-12-01                                 | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |     94212 | PA      | $92843.73     | 0.07%             | 2031-12-01      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO XXX Ltd/Bluemountain CLO XXX LLC                                        | BLUEM 2020-30A CR                                                            | CUSIP: 09630QAQ4<br>LEI: 5493002GUQ80FGGGNP40 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $248006.28    | 0.18%             | 2035-04-16      | Floating      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| iHeartCommunications Inc                                                                 | IHRT 9.125 05/01/29 144A                                                     | CUSIP: 45174HBJ5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |     28500 | PA      | $22007.42     | 0.02%             | 2029-05-01      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| Northern Institutional Funds                                                             | Northern Institutional Funds TREAS PRT PRMR                                  | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |       852 | NS      | $852.43       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil Company Lukoil PJSC                                                                  | Oil Company Lukoil PJSC RUB0.025(RUB)                                        | CUSIP: X6983S100<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |      1232 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Flutter Entertainment                                                                    | Flutter Entertainment Term Loan B 175 2030-11-01                             | CUSIP: N3313EAG5<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | US        |     94212 | PA      | $92622.33     | 0.07%             | 2030-11-01      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                                             | MLTPLN 11.5 12/31/30 144A                                                    | CUSIP: 553283AF9<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |     17821 | PA      | $16395.32     | 0.01%             | 2030-12-31      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: —       |
| Twitter Inc                                                                              | TWTR L 10/29/29 1                                                            | CUSIP: 90184NAG3<br>LEI: 549300I8RX485XMK6836 | Long             | LON              | CORP              | US        |    149617 | PA      | $144792.19    | 0.10%             | 2029-10-27      | Fixed         | 10.86%                | No            |                  2 | On Loan: No      |
| MHC COMMERCIAL MORTGAGE TRUST 2021-MHC                                                   | MHC 2021-MHC F                                                               | CUSIP: 55316VAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $158800.00    | 0.11%             | 2038-04-15      | Floating      | 7.52%                 | Yes           |                  2 | On Loan: No      |
| GOODLEAP SUSTAINABLE HOME SOLUTIONS TRUST                                                | GOOD 2021-3CS C                                                              | CUSIP: 382371AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    441959 | PA      | $276159.81    | 0.20%             | 2048-05-20      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO 2022-2 LTD                                                       | BCC 2022-2A D1                                                               | CUSIP: 05682GAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $246829.55    | 0.18%             | 2035-04-23      | Floating      | 7.94%                 | Yes           |                  2 | On Loan: No      |
| TRINITAS CLO XXVII LTD                                                                   | TRNTS 2024-27A D1                                                            | CUSIP: 89642VAJ7<br>LEI: 254900JOSDBR04E6JB79 | Long             | ABS-CBDO         | CORP              | KY        |    160000 | PA      | $161084.70    | 0.12%             | 2037-04-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING 2022-3 LTD                                                    | PSTAT 2022-3A CR                                                             | CUSIP: 69690CAU7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    160000 | PA      | $160296.00    | 0.12%             | 2031-04-15      | Floating      | 7.30%                 | Yes           |                  2 | On Loan: No      |
| Rackspace Finance LLC                                                                    | RAX 3.5 05/15/28 144A                                                        | CUSIP: 75008WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     23400 | PA      | $8329.76      | 0.01%             | 2028-05-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| GEO Group                                                                                | GEO Group Term Loan B 525 2029-03-31                                         | CUSIP: 36170EAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     57035 | PA      | $57694.47     | 0.04%             | 2029-03-31      | Floating      | 10.55%                | No            |                  2 | On Loan: No      |
| Harbor Freight                                                                           | Harbor Freight Term Loan B 250 2031-05-27                                    | CUSIP: 41151PAR6<br>LEI: 549300Y48HLCFTTB4249 | Long             | LON              | CORP              | US        |     93862 | PA      | $87098.95     | 0.06%             | 2031-05-27      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| NGP Midstream                                                                            | NGP Midstream Term Loan B 400 2031-07-07                                     | CUSIP: 62927UAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49875 | PA      | $49126.88     | 0.04%             | 2031-07-07      | Floating      | 9.28%                 | No            |                  2 | On Loan: No      |
| TKO Group Holdings (UFC)                                                                 | TKO Group Holdings (UFC) Term Loan B 225 2031-11-05                          | CUSIP: 90266UAK9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     94212 | PA      | $94074.13     | 0.07%             | 2031-11-05      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| NASSAU LTD                                                                               | NCC 2021-IA DR                                                               | CUSIP: 631704AP8<br>LEI: 5493000NDRKPTT45F149 | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $146488.19    | 0.11%             | 2035-08-26      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Twitter Inc                                                                              | Twitter Inc                                                                  | CUSIP: 90184NAK4<br>LEI: 549300I8RX485XMK6836 | Long             | LON              | CORP              | US        |     90000 | PA      | $87731.10     | 0.06%             | 2029-10-27      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                                                                | TPMT 2019-HY2 B1                                                             | CUSIP: 89177HAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $192785.40    | 0.14%             | 2058-05-28      | Variable      | 6.65%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain Clo XXIX Ltd / Bluemountain Clo XXIX LLC                                    | BLUEM 2020-29A ER                                                            | CUSIP: 09630LAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $241488.18    | 0.17%             | 2034-07-25      | Floating      | 11.42%                | Yes           |                  2 | On Loan: No      |
| Angola (Republic of)                                                                     | ANGOL 8.75 04/14/32 144A                                                     | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    210000 | PA      | $164724.00    | 0.12%             | 2032-04-14      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| VistaJet Malta Finance PLC /XO Management Holding Inc.                                   | VSTJET 7.875 05/01/27 144A                                                   | CUSIP: 92840JAD1<br>LEI: 5299001UK94VGT0CPQ36 | Long             | DBT              | CORP              | MT        |     40000 | PA      | $38845.39     | 0.03%             | 2027-05-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| MSWF COMMERCIAL MORTGAGE TRUST 2023-2                                                    | MSWF 2023-2 C                                                                | CUSIP: 55361AAZ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90000 | PA      | $92072.74     | 0.07%             | 2056-12-15      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LLP / Medline Co-Issuer Inc.                                            | MEDIND 6.25 04/01/29 144A                                                    | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80612.24     | 0.06%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-3                                                        | VERUS 2024-3 A3                                                              | CUSIP: 92540MAC9<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-O            | CORP              | US        |    110629 | PA      | $111951.68    | 0.08%             | 2069-04-25      | Variable      | 6.84%                 | Yes           |                  2 | On Loan: No      |
| Blue Racer Midstream, LLC / Blue Racer Finance Corp                                      | BLURAC 7.25 07/15/32 144A                                                    | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51268.75     | 0.04%             | 2032-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Medline Industries                                                                       | Medline Industries Term Loan B (Incremental) 225 2028-10-01                  | CUSIP: 58503UAF0<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |     94212 | PA      | $93514.50     | 0.07%             | 2028-10-01      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| TEAM Services                                                                            | TEAM Services Term Loan B (Incremental) 525 2027-12-01                       | CUSIP: 87821AAB7<br>LEI: 254900SLCOEZGQJACP02 | Long             | LON              | CORP              | US        |     29925 | PA      | $28933.88     | 0.02%             | 2027-12-01      | Floating      | 10.57%                | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2024-D                                                  | SMB 2024-D D                                                                 | CUSIP: 83207QAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101822.24    | 0.07%             | 2053-07-15      | Fixed         | 7.51%                 | Yes           |                  2 | On Loan: No      |
| Acrisure                                                                                 | Acrisure Term Loan B 300 2030-11-01                                          | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    178580 | PA      | $176237.33    | 0.13%             | 2030-11-01      | Floating      | 7.40%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                                             | MLTPLN 5.75 12/31/30 144A                                                    | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |     11644 | PA      | $9024.10      | 0.01%             | 2030-12-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Blackhawk Network Holdings                                                               | Blackhawk Network Holdings Term Loan B 400 2029-03-01                        | CUSIP: 09238FAM3<br>LEI: 549300LFU3K8UIR03132 | Long             | LON              | CORP              | US        |     99251 | PA      | $99049.77     | 0.07%             | 2029-03-01      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| Gazprom Public Joint Stock Company                                                       | Gazprom Public Joint Stock Company RUB5(RUB)                                 | CUSIP: X3123F106<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |     33780 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Rosneft Oil Company                                                                      | Rosneft Oil Company RUB0.01(RUB)                                             | CUSIP: X7394C106<br>LEI: 253400JT3MQWNDKMJE44 | Long             | EC               | CORP              | RU        |     17410 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Truist Financial Corp.                                                                   | Truist Financial Corp. COM                                                   | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |      3862 | NS      | $148069.08    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                                                                           | Blackrock Inc. COM                                                           | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |       274 | NS      | $250507.24    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                                                             | Northern Institutional Funds TREAS PRT PRMR                                  | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |      8349 | NS      | $8348.99      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.                                                             | Honeywell International Inc. COM USD1                                        | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      1031 | NS      | $217025.50    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                                                                               | Amgen Inc. COM USD0.0001                                                     | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      1096 | NS      | $318848.32    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.                                                         | American Electric Power Co, Inc. COM USD6.50                                 | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      2845 | NS      | $308227.30    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International, Inc.                                                               | Baxter International, Inc. COM USD1.00                                       | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |      7665 | NS      | $238918.05    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                                                              | Verizon Communications Inc. COM USD0.10                                      | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     11547 | NS      | $508760.82    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company                                                             | Bristol-Myers Squibb Company COM USD0.10                                     | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      4317 | NS      | $216713.40    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                                                                               | Oneok Inc. COM USD0.01                                                       | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      1981 | NS      | $162758.96    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                                                              | United Parcel Service, Inc. CLASS'B'COM USD0.01                              | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      2109 | NS      | $200987.70    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                                                                       | Coca-Cola Co (The) COM USD0.25                                               | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      8460 | NS      | $613773.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                                                                      | Dominion Energy Inc COM STK NPV                                              | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |      3963 | NS      | $215507.94    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                                                                            | U.S. Bancorp. COM USD0.01                                                    | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      6996 | NS      | $282218.64    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| International Flavors & Fragrances Inc.                                                  | International Flavors & Fragrances Inc. COM USD0.125                         | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |      2253 | NS      | $176770.38    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                                                        | Johnson & Johnson COM USD1.00                                                | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      4230 | NS      | $661191.30    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corporation                                                               | Kimberly-Clark Corporation COM USD1.25                                       | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      1878 | NS      | $247482.84    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                                                            | Chevron Corp. COM USD0.75                                                    | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1839 | NS      | $250214.34    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                                                                         | McDonald's Corp. COM USD0.01                                                 | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       976 | NS      | $311978.40    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                                                          | CVS Health Corp COM USD0.01                                                  | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      2554 | NS      | $170377.34    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc.                                                                            | NiSource Inc. COM USD0.01                                                    | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |      4730 | NS      | $184990.30    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corporation                                                               | Northern Trust Corporation COM USD1.666                                      | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      2249 | NS      | $211361.02    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                                                                              | Pepsico Inc CAP USD0.016666                                                  | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      2840 | NS      | $385047.20    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                                                              | Pfizer Inc. COM USD0.05                                                      | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     16368 | NS      | $399542.88    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.                                                        | PNC Financial Services Group Inc. COM USD5                                   | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      1242 | NS      | $199576.98    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Price T Rowe Group Inc.                                                                  | Price T Rowe Group Inc. COM USD0.20                                          | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      2375 | NS      | $210306.25    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.                                                                 | The Procter & Gamble Co. COM NPV                                             | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      2852 | NS      | $463649.64    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                                                                 | Simon Property Group Inc COM USD0.0001                                       | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      1030 | NS      | $162101.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                                                                          | Starbucks Corp. COM USD0.001                                                 | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      2097 | NS      | $167864.85    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                                                                      | Comcast Corporation COM USD0.01 CL A                                         | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     17156 | NS      | $586735.20    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corporation                                                                        | Sysco Corporation COM USD1                                                   | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      2214 | NS      | $158079.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Incorporated                                                           | Texas Instruments Incorporated COM USD1.00                                   | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      2300 | NS      | $368115.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                                                                              | Ventas Inc. COM USD0.25                                                      | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      2697 | NS      | $189005.76    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation                                                                | Realty Income Corporation COM USD1                                           | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |      3124 | NS      | $180754.64    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                                                                      | Kinder Morgan, Inc. COM USD0.01                                              | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     10460 | NS      | $275098.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                                                                           | Blackstone Inc COM USD0.00001 CLASS A                                        | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |       806 | NS      | $106158.26    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| The Western Union Company                                                                | The Western Union Company COM STK USD0.01                                    | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     13088 | NS      | $129702.08    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                                                                        | Exxon Mobil Corp. COM NPV                                                    | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      3704 | NS      | $391253.52    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.                                                      | Huntington Ingalls Industries, Inc. COM USD0.01                              | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      1204 | NS      | $277329.36    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc.                                                                           | CME Group Inc. COM USD0.01                                                   | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      1921 | NS      | $532270.68    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                                                                | Amcor PLC COM USD0.01                                                        | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |     34929 | NS      | $321346.80    | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| AbbVie Inc.                                                                              | AbbVie Inc. COM USD0.01                                                      | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      1777 | NS      | $346692.70    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc.                                                                              | Kenvue Inc. COM                                                              | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |     10788 | NS      | $254596.80    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CURRENCY CONTRACT - AUD                                                                  | CURRENCY CONTRACT - AUD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -630632 | NC      | $37311.34     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CAD                                                                  | CURRENCY CONTRACT - CAD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -137638 | NC      | $4241.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CHF                                                                  | CURRENCY CONTRACT - CHF                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -24338 | NC      | $129.30       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CHF                                                                  | CURRENCY CONTRACT - CHF                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -24381 | NC      | $85.95        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CHF                                                                  | CURRENCY CONTRACT - CHF                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -36612 | NC      | $88.04        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                                                  | CURRENCY CONTRACT - CNH                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -49052 | NC      | $770.63       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                                                  | CURRENCY CONTRACT - CNH                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -28633 | NC      | $430.87       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                                                  | CURRENCY CONTRACT - CNH                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -48982 | NC      | $841.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                                                  | CURRENCY CONTRACT - CNH                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -48945 | NC      | $878.44       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - EUR                                                                  | CURRENCY CONTRACT - EUR                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -43990 | NC      | $1549.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - EUR                                                                  | CURRENCY CONTRACT - EUR                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -56634 | NC      | $1978.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - INR                                                                  | CURRENCY CONTRACT - INR                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -29072 | NC      | $731.95       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - JPY                                                                  | CURRENCY CONTRACT - JPY                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -134532 | NC      | $4423.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - JPY                                                                  | CURRENCY CONTRACT - JPY                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -59227 | NC      | $1951.69      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - JPY                                                                  | CURRENCY CONTRACT - JPY                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -53543 | NC      | $1779.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - JPY                                                                  | CURRENCY CONTRACT - JPY                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -73017 | NC      | $440.02       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - JPY                                                                  | CURRENCY CONTRACT - JPY                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -200839 | NC      | $1043.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - JPY                                                                  | CURRENCY CONTRACT - JPY                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -127630 | NC      | $866.39       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                                  | CURRENCY CONTRACT - USD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -1060728 | NC      | $-2607.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                                  | CURRENCY CONTRACT - USD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -337642 | NC      | $-18690.94    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                                  | CURRENCY CONTRACT - USD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -249356 | NC      | $-662.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                                  | CURRENCY CONTRACT - USD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        | -48806445 | NC      | $-10520.31    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                                  | CURRENCY CONTRACT - USD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -4075208 | NC      | $-7602.65     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                                  | CURRENCY CONTRACT - USD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -65039 | NC      | $-2572.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                                  | CURRENCY CONTRACT - USD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -100000 | NC      | $-129.80      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                                  | CURRENCY CONTRACT - USD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -60000 | NC      | $1238.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                                  | CURRENCY CONTRACT - USD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -135706 | NC      | $-1602.18     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                                  | CURRENCY CONTRACT - USD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -70000 | NC      | $-501.15      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                                  | CURRENCY CONTRACT - USD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -86151 | NC      | $-429.40      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                                  | CURRENCY CONTRACT - USD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -70000 | NC      | $-198.64      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                                  | CURRENCY CONTRACT - USD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -130000 | NC      | $-1128.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                                  | CURRENCY CONTRACT - USD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -70000 | NC      | $-216.88      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                                  | CURRENCY CONTRACT - USD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -64822 | NC      | $-317.17      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                                  | CURRENCY CONTRACT - USD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -55000 | NC      | $776.30       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                                  | CURRENCY CONTRACT - USD                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -52000 | NC      | $499.93       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                                   | FUT. YR T-NOTES JUN25                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -26 | NC      | $-2917687.50  | -2.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                                   | FUT. U.S. T-BONDS JUN25                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        22 | NC      | $2565750.00   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                                   | JUN 25 CBT UL JUN 25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         6 | NC      | $726187.50    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                                   | FUT. CBT 5Y T-NOTE JUN25                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        52 | NC      | $5678156.25   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE - FINANCIAL PRODUCTS DIVISION                                         | JUN 25 LIF LONG JUN 25                                                       | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              | CORP              | GB        |        10 | NC      | $1246341.07   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                                   | JUN 25 US 2YR JUN 25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        21 | NC      | $4371117.19   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ASX - TRADE24                                                                            | FUT JUN 25 SFE 10Y T-BOND                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | AU        |         7 | NC      | $515517.18    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX DEUTSCHLAND                                                                        | 06 JUN 25 EURX 06 JUN                                                        | CUSIP: 000000000<br>LEI: 529900UT4DG0LG5R9O07 | N/A              | DIR              | CORP              | DE        |        16 | NC      | $2388591.84   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| WTS. SPIRIT AIRLINES LLC                                                                 | WTS. SPIRIT AIRLINES LLC                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      6153 | NC      | $86142.00     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SWO_CDX CDX.NA.HY.44 (5Y)                                                                | SWO_CDX CDX.NA.HY.44 (5Y)                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |    200000 | NC      | $2976.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SWO_CDX CDX.NA.HY.44 (5Y)                                                                | SWO_CDX CDX.NA.HY.44 (5Y)                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |   -200000 | NC      | $-878.74      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO_CDX CDX.NA.HY.44 (5Y)                                                                | SWO_CDX CDX.NA.HY.44 (5Y)                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |   -200000 | NC      | $-631.06      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO_CDX CDX.NA.HY.44 (5Y)                                                                | SWO_CDX CDX.NA.HY.44 (5Y)                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |    200000 | NC      | $937.66       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                                                             | Northern Institutional Funds LIQ ASET PORTF                                  | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   2789994 | NS      | $2789994.27   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                                                             | Northern Institutional Funds LIQ ASET PORTF                                  | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    351019 | NS      | $351019.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Sij Llc                                                                                  | MCLTCH 11 07/15/27                                                           | CUSIP: 78433CAA4<br>LEI: N/A                  | N/A              | DBT              | CORP              | US        |         0 | NS      | $0.00         | 0.00%             | 2027-07-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: —       |
| OIS_CCP MXN RCV 8.902% PAY MXIBTIEF1D 16-NOV-2029                                        | OIS_CCP MXN RCV 8.902% PAY MXIBTIEF1D 16-NOV-2029                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | MX        |  20240000 | OU      | $49828.34     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| OIS BRL RCV 10.23% PAY BZDIO1D 02-JAN-2029                                               | OIS BRL RCV 10.23% PAY BZDIO1D 02-JAN-2029                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | BR        |   3493323 | OU      | $-81517.29    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS BRL RCV 11.03% PAY BZDIO1D 02-JAN-2026                                               | OIS BRL RCV 11.03% PAY BZDIO1D 02-JAN-2026                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | BR        |   4988414 | OU      | $-25897.39    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| EQIX RCV WAM EM FRO PAY SOFR 1D 03-07-25                                                 | EQIX RCV WAM EM FRO PAY SOFR 1D 03-07-25                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      2836 | OU      | $-38489.85    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP MXN RCV 8.885% PAY MXIBTIEF1D 10-NOV-2034                                        | OIS_CCP MXN RCV 8.885% PAY MXIBTIEF1D 10-NOV-2034                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | MX        |   3550000 | OU      | $9163.93      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** Morningstar Funds Trust

**Signature:** D. Scott Schilling

**Name of Signer:** D. Scott Schilling

**Title:** Chief Compliance Officer