# EDGAR Filing Document

**Accession Number:** 0001870117
**File Stem:** 0001410368-25-029998
**Filing Date:** 2025-11
**Character Count:** 807517
**Document Hash:** 1d07026a1b6e29d1bde59b00600f256d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-029998.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001410368-25-029998

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capital Group Fixed Income ETF Trust
- **CENTRAL INDEX KEY:** 0001870117

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23738
- **FILM NUMBER:** 251513776

**BUSINESS ADDRESS:**
- **STREET 1:** 6455 IRVINE CENTER DRIVE
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** (213) 486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 SOUTH HOPE STREET, 55TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Capital Group Core Plus Income ETF
- **DATE OF NAME CHANGE:** 20210629

## Series and Classes Contracts Data

### Capital Group U.S. Multi-Sector Income ETF (Series ID: S000077688)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000238176 | Share Class  | CGMS            |

## Nport-Ex

![](imgea7785a11.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Capital Group U.S. Multi-Sector Income ETF**

Investment portfolio

September 30, 2025

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 97.54%<br> **Corporate bonds, notes & loans 70.72%**<br> **Financials 13.26%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alera Group Intermediate Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 5.50%) 9.663% <br>5/30/2033 <sup>(a)(b)</sup>  | USD2,135 | $2201 |
| Alliant Holdings Intermediate, LLC 6.75% 10/15/2027 <sup>(c)</sup>  | 885 | 888 |
| Alliant Holdings Intermediate, LLC 5.875% 11/1/2029 <sup>(c)</sup>  | 4400 | 4395 |
| Alliant Holdings Intermediate, LLC 7.00% 1/15/2031 <sup>(c)</sup>  | 5000 | 5170 |
| Alliant Holdings Intermediate, LLC 6.50% 10/1/2031 <sup>(c)</sup>  | 425 | 435 |
| Alliant Holdings Intermediate, LLC 7.375% 10/1/2032 <sup>(c)</sup>  | 4084 | 4213 |
| Alpha Bank SA 6.875% 6/27/2029 (1-year EUR-ICE Swap EURIBOR + 3.793% on 6/27/2028) <sup>(d)</sup>  | EUR200 | 260 |
| Alpha Bank SA 5.00% 5/12/2030 (1-year EUR-ICE Swap EURIBOR + 2.432% on 5/12/2029) <sup>(d)</sup>  | 100 | 125 |
| Alpha Bank SA 4.25% 6/11/2031 (5-year EUR Mid-Swap + 5.823% on 6/11/2026) <sup>(d)</sup>  | 100 | 119 |
| American International Group, Inc. 5.125% 3/27/2033  | USD2,556 | 2631 |
| American International Group, Inc. 5.45% 5/7/2035  | 3969 | 4137 |
| AmWINS Group, Inc. 6.375% 2/15/2029 <sup>(c)</sup>  | 950 | 970 |
| AmWINS Group, Inc. 4.875% 6/30/2029 <sup>(c)</sup>  | 4372 | 4252 |
| Aon North America, Inc. 5.45% 3/1/2034  | 5251 | 5472 |
| Ardonagh Finco, Ltd. 7.75% 2/15/2031 <sup>(c)</sup>  | 1115 | 1168 |
| Ardonagh Group Finance, Ltd. 8.875% 2/15/2032 <sup>(c)</sup>  | 5326 | 5603 |
| Aretec Group, Inc. 7.50% 4/1/2029 <sup>(c)</sup>  | 6668 | 6705 |
| Aretec Group, Inc. 10.00% 8/15/2030 <sup>(c)</sup>  | 445 | 485 |
| Arthur J. Gallagher & Co. 5.15% 2/15/2035  | 6080 | 6156 |
| Arthur J. Gallagher & Co. 5.55% 2/15/2055  | 865 | 846 |
| Athene Global Funding 5.543% 8/22/2035 <sup>(c)</sup>  | 170 | 172 |
| Athene Holding, Ltd. 6.625% 5/19/2055  | 3506 | 3755 |
| Banco de Sabadell, SA 5.50% 9/8/2029 (1-year EUR-ICE Swap EURIBOR + 2.40% on 9/8/2028) <sup>(d)</sup>  | EUR1,100 | 1390 |
| Banco de Sabadell, SA 3.375% 2/18/2033 <sup>(d)</sup>  | 1100 | 1295 |
| Bank of America Corp. 5.872% 9/15/2034 (USD-SOFR + 1.84% on 9/15/2033) <sup>(d)</sup>  | USD2,934 | 3145 |
| Bank of America Corp. 5.464% 5/9/2036 (USD-SOFR + 1.64% on 5/9/2035) <sup>(d)</sup>  | 3832 | 3997 |
| Bank of Montreal 4.35% 9/22/2031 (USD-SOFR Index + 0.75% on 9/22/2030) <sup>(d)</sup>  | 1517 | 1510 |
| Bank of New York Mellon Corp. 5.06% 7/22/2032 (USD-SOFR + 1.23% on 7/22/2031) <sup>(d)</sup>  | 1231 | 1273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BBVA Bancomer SA 5.875% 9/13/2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 4.308% on <br> 9/13/2029) <sup>(d)</sup>  | 1000 | 1003 |
| BlackRock Funding, Inc. 5.25% 3/14/2054  | 1767 | 1725 |
| Blackstone Mortgage Trust, Inc. 7.75% 12/1/2029 <sup>(c)</sup>  | 154 | 163 |
| Block, Inc. 5.625% 8/15/2030 <sup>(c)</sup>  | 4035 | 4091 |
| Block, Inc. 3.50% 6/1/2031  | 2698 | 2513 |
| Block, Inc. 6.50% 5/15/2032  | 4640 | 4806 |
| Block, Inc. 6.00% 8/15/2033 <sup>(c)</sup>  | 3685 | 3776 |
| BPCE SA 5.936% 5/30/2035 (USD-SOFR + 1.85% on 5/30/2034) <sup>(c)(d)</sup>  | 4050 | 4244 |
| BPCE SA 6.293% 1/14/2036 (USD-SOFR + 2.04% on 1/14/2035) <sup>(c)(d)</sup>  | 7410 | 7933 |
| BPCE SA 6.027% 5/28/2036 (USD-SOFR + 1.956% on 5/28/2035) <sup>(c)(d)</sup>  | 1200 | 1264 |
| Brown & Brown, Inc. 4.90% 6/23/2030  | 525 | 533 |
| Brown & Brown, Inc. 5.25% 6/23/2032  | 3393 | 3482 |
| Brown & Brown, Inc. 5.55% 6/23/2035  | 5207 | 5361 |
| Brown & Brown, Inc. 6.25% 6/23/2055  | 2596 | 2734 |
| CaixaBank SA 6.208% 1/18/2029 (USD-SOFR + 2.70% on 1/18/2028) <sup>(c)(d)</sup>  | 500 | 520 |

---

Capital Group U.S. Multi-Sector Income ETF — Page 1 of 34

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| CaixaBank SA 5.00% 7/19/2029 (3-month EUR-EURIBOR + 1.65% on 7/19/2028) <sup>(d)</sup>  | EUR1,500 | $1868 |
| CaixaBank SA 4.885% 7/3/2031 (USD-SOFR + 1.36% on 7/3/2030) <sup>(c)(d)</sup>  | USD850 | 859 |
| CaixaBank SA 6.84% 9/13/2034 (USD-SOFR + 2.77% on 9/13/2033) <sup>(c)(d)</sup>  | 725 | 808 |
| CaixaBank SA 6.037% 6/15/2035 (USD-SOFR + 2.26% on 9/15/2034) <sup>(c)(d)</sup>  | 1380 | 1467 |
| CaixaBank SA 3.75% 1/27/2036 (3-month EUR-LIBOR + 1.35% on 1/27/2035) <sup>(d)</sup>  | EUR1,500 | 1771 |
| CaixaBank SA 5.581% 7/3/2036 (USD-SOFR + 1.79% on 7/3/2035) <sup>(c)(d)</sup>  | USD3,145 | 3223 |
| CaixaBank SA 4.375% 8/8/2036 (5-year EUR-ICE Swap EURIBOR + 1.95% on 8/8/2031) <sup>(d)</sup>  | EUR1,500 | 1819 |
| Capital One Financial Corp. 5.70% 2/1/2030 (USD-SOFR + 1.905% on 2/1/2029) <sup>(d)</sup>  | USD2,501 | 2597 |
| Capital One Financial Corp. 6.377% 6/8/2034 (USD-SOFR + 2.86% on 6/8/2033) <sup>(d)</sup>  | 3953 | 4277 |
| Capital One Financial Corp. 6.051% 2/1/2035 (USD-SOFR + 2.26% on 2/1/2034) <sup>(d)</sup>  | 4674 | 4963 |
| Carlyle Group, Inc. (The) 5.05% 9/19/2035  | 250 | 249 |
| Charles Schwab Corp. (The) 5.853% 5/19/2034 (USD-SOFR + 2.50% on 5/19/2033) <sup>(d)</sup>  | 1292 | 1383 |
| Chubb INA Holdings, LLC 5.00% 3/15/2034  | 8173 | 8384 |
| Chubb INA Holdings, LLC 4.90% 8/15/2035  | 1500 | 1510 |
| Citigroup, Inc. 4.503% 9/11/2031 (USD-SOFR + 1.171% on 9/11/2030) <sup>(d)</sup>  | 625 | 626 |
| Citigroup, Inc. 5.333% 3/27/2036 (USD-SOFR + 1.465% on 3/27/2035) <sup>(d)</sup>  | 10093 | 10321 |
| Citigroup, Inc. 5.174% 9/11/2036 (USD-SOFR + 1.488% on 9/11/2035) <sup>(d)</sup>  | 325 | 328 |
| Coinbase Global, Inc. 3.375% 10/1/2028 <sup>(c)</sup>  | 4902 | 4656 |
| Coinbase Global, Inc. 3.625% 10/1/2031 <sup>(c)</sup>  | 5377 | 4803 |
| Compass Group Diversified Holdings, LLC 5.25% 4/15/2029 <sup>(c)</sup>  | 6487 | 5998 |
| Compass Group Diversified Holdings, LLC 5.00% 1/15/2032 <sup>(c)</sup>  | 3041 | 2727 |
| Deutsche Bank AG 6.819% 11/20/2029 (USD-SOFR + 2.51% on 11/20/2028) <sup>(d)</sup>  | 1200 | 1284 |
| Deutsche Bank AG 4.125% 4/4/2030 (3-month EUR-EURIBOR + 1.50% on 4/4/2029) <sup>(d)</sup>  | EUR1,500 | 1821 |
| Deutsche Bank AG 4.50% 7/12/2035 (3-month EUR-EURIBOR + 1.70% on 7/12/2034) <sup>(d)</sup>  | 1500 | 1860 |
| Eurobank SA 4.00% 9/24/2030 (1-year EUR Mid-Swap + 2.127% on 9/24/2029) <sup>(d)</sup>  | 100 | 121 |
| Eurobank SA 4.875% 4/30/2031 (5-year EUR Mid-Swap + 2.165% on 4/30/2030) <sup>(d)</sup>  | 900 | 1129 |
| Freedom Mortgage Holdings, LLC 9.25% 2/1/2029 <sup>(c)</sup>  | USD3,850 | 4054 |
| Freedom Mortgage Holdings, LLC 8.375% 4/1/2032 <sup>(c)</sup>  | 3845 | 4033 |
| Goldman Sachs Group, Inc. 5.727% 4/25/2030 (USD-SOFR + 1.265% on 4/25/2029) <sup>(d)</sup>  | 1216 | 1273 |
| Goldman Sachs Group, Inc. 5.218% 4/23/2031 (USD-SOFR + 1.58% on 4/23/2030) <sup>(d)</sup>  | 2530 | 2617 |
| Goldman Sachs Group, Inc. 5.851% 4/25/2035 (USD-SOFR + 1.552% on 4/25/2034) <sup>(d)</sup>  | 5455 | 5814 |
| Goldman Sachs Group, Inc. 5.536% 1/28/2036 (USD-SOFR + 1.38% on 1/28/2035) <sup>(d)</sup>  | 4359 | 4552 |
| Hightower Holding, LLC 6.75% 4/15/2029 <sup>(c)</sup>  | 3425 | 3382 |
| Hightower Holding, LLC 9.125% 1/31/2030 <sup>(c)</sup>  | 200 | 213 |
| Howden UK Refinance PLC 7.25% 2/15/2031 <sup>(c)</sup>  | 720 | 742 |
| HSBC Holdings PLC 5.45% 3/3/2036 (USD-SOFR + 1.56% on 3/3/2035) <sup>(d)</sup>  | 5338 | 5511 |
| HSBC Holdings PLC 6.332% 3/9/2044 (USD-SOFR + 2.65% on 3/9/2043) <sup>(d)</sup>  | 814 | 896 |
| HUB International, Ltd. 5.625% 12/1/2029 <sup>(c)</sup>  | 1080 | 1080 |
| HUB International, Ltd. 7.25% 6/15/2030 <sup>(c)</sup>  | 1947 | 2032 |
| HUB International, Ltd. 7.375% 1/31/2032 <sup>(c)</sup>  | 3185 | 3319 |
| HUB International, Ltd., Term Loan, (3-month USD CME Term SOFR + 2.50%) 6.825% 6/20/2030 <sup>(a)(b)</sup>  | 41 | 41 |
| IIFL Finance, Ltd. 8.75% 7/24/2028 <sup>(c)</sup>  | 3935 | 4011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA 8.248% 11/21/2033 (1-year UST Yield Curve Rate T Note Constant Maturity + 4.40% on <br> 11/21/2032) <sup>(c)(d)</sup>  | 2770 | 3270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA 7.778% 6/20/2054 (1-year UST Yield Curve Rate T Note Constant Maturity + 3.90% on <br> 6/20/2053) <sup>(c)(d)</sup>  | 1000 | 1202 |
| ION Platform Finance US, Inc. 7.875% 9/30/2032 <sup>(c)</sup>  | 3140 | 3119 |
| Iron Mountain Information Management Services, Inc. 5.00% 7/15/2032 <sup>(c)</sup>  | 8012 | 7727 |
| Jane Street Group, LLC 6.75% 5/1/2033 <sup>(c)</sup>  | 2910 | 3025 |
| JPMorgan Chase & Co. 5.581% 4/22/2030 (USD-SOFR + 1.16% on 4/22/2029) <sup>(d)</sup>  | 278 | 290 |
| JPMorgan Chase & Co. 4.995% 7/22/2030 (USD-SOFR + 1.125% on 7/22/2029) <sup>(d)</sup>  | 2230 | 2288 |
| JPMorgan Chase & Co. 4.603% 10/22/2030 (USD-SOFR + 1.04% on 10/22/2029) <sup>(d)</sup>  | 925 | 936 |
| JPMorgan Chase & Co. 5.103% 4/22/2031 (USD-SOFR + 1.435% on 4/22/2030) <sup>(d)</sup>  | 2855 | 2950 |
| JPMorgan Chase & Co. 5.502% 1/24/2036 (USD-SOFR + 1.315% on 1/24/2035) <sup>(d)</sup>  | 2500 | 2617 |

---

Capital Group U.S. Multi-Sector Income ETF — Page 2 of 34

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| JPMorgan Chase & Co. 5.572% 4/22/2036 (USD-SOFR + 1.68% on 4/22/2035) <sup>(d)</sup>  | USD5,549 | $5852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kasikornbank PCL (Hong Kong Branch) 3.343% 10/2/2031 (5-year UST Yield Curve Rate T Note Constant Maturity <br> + 1.70% on 10/2/2026) <sup>(d)</sup>  | 2360 | 2313 |
| LPL Holdings, Inc. 4.00% 3/15/2029 <sup>(c)</sup>  | 385 | 377 |
| Manappuram Finance, Ltd. 7.375% 5/12/2028  | 1250 | 1281 |
| Marsh & McLennan Cos., Inc. 4.65% 3/15/2030  | 180 | 183 |
| Marsh & McLennan Cos., Inc. 4.85% 11/15/2031  | 290 | 297 |
| Marsh & McLennan Cos., Inc. 5.00% 3/15/2035  | 10900 | 11040 |
| Marsh & McLennan Cos., Inc. 5.40% 3/15/2055  | 4764 | 4676 |
| Mastercard, Inc. 4.95% 3/15/2032  | 500 | 518 |
| Mastercard, Inc. 4.875% 5/9/2034  | 556 | 570 |
| Mastercard, Inc. 4.55% 1/15/2035  | 3921 | 3915 |
| Morgan Stanley 5.25% 4/21/2034 (USD-SOFR + 1.87% on 4/21/2033) <sup>(d)</sup>  | 402 | 415 |
| Morgan Stanley 5.424% 7/21/2034 (USD-SOFR + 1.88% on 7/21/2033) <sup>(d)</sup>  | 514 | 536 |
| Morgan Stanley 5.831% 4/19/2035 (USD-SOFR + 1.58% on 4/19/2034) <sup>(d)</sup>  | 2218 | 2365 |
| Morgan Stanley 5.32% 7/19/2035 (USD-SOFR + 1.555% on 7/19/2034) <sup>(d)</sup>  | 1491 | 1539 |
| Morgan Stanley 5.664% 4/17/2036 (USD-SOFR + 1.757% on 4/17/2035) <sup>(d)</sup>  | 8414 | 8881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley 5.942% 2/7/2039 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.80% on <br>2/7/2039) <sup>(d)</sup>  | 200 | 210 |
| Morgan Stanley 5.516% 11/19/2055 (USD-SOFR + 1.71% on 11/19/2054) <sup>(d)</sup>  | 731 | 739 |
| Navient Corp. 4.875% 3/15/2028  | 1000 | 981 |
| Navient Corp. 9.375% 7/25/2030  | 963 | 1065 |
| Navient Corp. 11.50% 3/15/2031  | 846 | 955 |
| Navient Corp. 7.875% 6/15/2032  | 5050 | 5320 |
| Navient Corp. 5.625% 8/1/2033  | 11982 | 10941 |
| OneMain Finance Corp. 7.50% 5/15/2031  | 5975 | 6251 |
| OneMain Finance Corp. 7.125% 11/15/2031  | 5431 | 5636 |
| OneMain Finance Corp. 7.125% 9/15/2032  | 3725 | 3853 |
| OneMain Finance Corp. 6.50% 3/15/2033  | 765 | 767 |
| Osaic Holdings, Inc. 6.75% 8/1/2032 <sup>(c)</sup>  | 2270 | 2346 |
| Osaic Holdings, Inc. 8.00% 8/1/2033 <sup>(c)</sup>  | 4441 | 4606 |
| Osaic Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 3.00%) 7.163% 7/30/2032 <sup>(a)(b)</sup>  | 2750 | 2752 |
| Oxford Finance, LLC 6.375% 2/1/2027 <sup>(c)</sup>  | 235 | 235 |
| PennyMac Financial Services, Inc. 6.875% 5/15/2032 <sup>(c)</sup>  | 1295 | 1343 |
| Piraeus Bank SA 6.75% 12/5/2029 (1-year EUR Mid-Swap + 3.837% on 12/5/2028) <sup>(d)</sup>  | EUR150 | 196 |
| Piraeus Bank SA 5.00% 4/16/2030 (1-year EUR-ICE Swap EURIBOR + 2.245% on 4/16/2029) <sup>(d)</sup>  | 850 | 1063 |
| PNC Bank, NA 5.373% 7/21/2036 (USD-SOFR + 1.417% on 7/21/2035) <sup>(d)</sup>  | USD924 | 951 |
| PNC Financial Services Group, Inc. 6.875% 10/20/2034 (USD-SOFR + 2.284% on 10/20/2033) <sup>(d)</sup>  | 4129 | 4679 |
| PNC Financial Services Group, Inc. 5.676% 1/22/2035 (USD-SOFR + 1.902% on 1/22/2034) <sup>(d)</sup>  | 6897 | 7276 |
| PNC Financial Services Group, Inc. 5.401% 7/23/2035 (USD-SOFR + 1.599% on 7/23/2034) <sup>(d)</sup>  | 6095 | 6311 |
| PNC Financial Services Group, Inc. 5.575% 1/29/2036 (USD-SOFR + 1.394% on 1/29/2035) <sup>(d)</sup>  | 3719 | 3882 |
| Power Finance Corp., Ltd. 3.35% 5/16/2031  | 450 | 422 |
| Royal Bank of Canada 4.65% 10/18/2030 (USD-SOFR + 1.08% on 10/18/2029) <sup>(d)</sup>  | 3522 | 3564 |
| Ryan Specialty, LLC 4.375% 2/1/2030 <sup>(c)</sup>  | 445 | 432 |
| Ryan Specialty, LLC 5.875% 8/1/2032 <sup>(c)</sup>  | 1085 | 1098 |
| Starwood Property Trust, Inc. 5.75% 1/15/2031 <sup>(c)</sup>  | 3095 | 3097 |
| State Street Corp. 5.159% 5/18/2034 (USD-SOFR + 1.89% on 5/18/2033) <sup>(d)</sup>  | 601 | 623 |
| Synchrony Financial 5.45% 3/6/2031 (USD-SOFR + 1.68% on 3/6/2030) <sup>(d)</sup>  | 1833 | 1869 |
| Synchrony Financial 7.25% 2/2/2033  | 8193 | 8747 |
| Synchrony Financial 6.00% 7/29/2036 (USD-SOFR Index + 2.07% on 7/29/2035) <sup>(d)</sup>  | 6040 | 6183 |
| Travelers Cos., Inc. 5.05% 7/24/2035  | 128 | 130 |
| Truist Financial Corp. 5.071% 5/20/2031 (USD-SOFR + 1.309% on 5/20/2030) <sup>(d)</sup>  | 763 | 783 |
| Truist Financial Corp. 5.153% 8/5/2032 (USD-SOFR + 1.571% on 8/5/2031) <sup>(d)</sup>  | 3137 | 3229 |
| Truist Financial Corp. 5.867% 6/8/2034 (USD-SOFR + 2.361% on 6/8/2033) <sup>(d)</sup>  | 4154 | 4403 |

---

Capital Group U.S. Multi-Sector Income ETF — Page 3 of 34

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Truist Financial Corp. 5.711% 1/24/2035 (USD-SOFR + 1.922% on 1/24/2034) <sup>(d)</sup>  | USD6,015 | $6314 |
| Truist Insurance Holdings, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.752% 5/6/2032 <sup>(a)(b)</sup>  | 811 | 827 |
| U.S. Bancorp 5.85% 10/21/2033 (USD-SOFR + 2.09% on 10/21/2032) <sup>(d)</sup>  | 200 | 213 |
| U.S. Bancorp 5.836% 6/12/2034 (USD-SOFR + 2.26% on 6/10/2033) <sup>(d)</sup>  | 25 | 27 |
| U.S. Bancorp 5.678% 1/23/2035 (USD-SOFR + 1.86% on 1/23/2034) <sup>(d)</sup>  | 5146 | 5420 |
| U.S. Bancorp 5.424% 2/12/2036 (USD-SOFR + 1.411% on 2/12/2035) <sup>(d)</sup>  | 7450 | 7717 |
| UBS Group AG 2.125% 10/13/2026 (1-year EUR Mid-Swap + 1.60% on 10/13/2025) <sup>(d)</sup>  | EUR1,470 | 1726 |
| UBS Group AG 3.091% 5/14/2032 (USD-SOFR + 1.73% on 5/14/2031) <sup>(c)(d)</sup>  | USD1,404 | 1300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG 6.301% 9/22/2034 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.00% on <br>9/22/2033) <sup>(c)(d)</sup>  | 2725 | 2976 |
| USI, Inc. 7.50% 1/15/2032 <sup>(c)</sup>  | 270 | 284 |
| Voyager Parent, LLC 9.25% 7/1/2032 <sup>(c)</sup>  | 3950 | 4180 |
| Wells Fargo & Co. 5.707% 4/22/2028 (USD-SOFR + 1.07% on 4/22/2027) <sup>(d)</sup>  | 250 | 256 |
| Wells Fargo & Co. 2.39% 6/2/2028 (USD-SOFR + 2.10% on 6/2/2027) <sup>(d)</sup>  | 25 | 24 |
| Wells Fargo & Co. 5.15% 4/23/2031 (USD-SOFR + 1.50% on 4/23/2030) <sup>(d)</sup>  | 1100 | 1135 |
| Wells Fargo & Co. 5.605% 4/23/2036 (USD-SOFR + 1.74% on 4/23/2035) <sup>(d)</sup>  | 3309 | 3474 |
|  |  | 446331 |
| **Energy 9.27%** |  |  |
| 3R Lux SARL 9.75% 2/5/2031 <sup>(c)</sup>  | 1798 | 1900 |
| APA Corp. 5.25% 2/1/2042  | 1188 | 963 |
| Ascent Resources Utica Holdings, LLC 5.875% 6/30/2029 <sup>(c)</sup>  | 750 | 749 |
| Ascent Resources Utica Holdings, LLC 6.625% 10/15/2032 <sup>(c)</sup>  | 460 | 470 |
| Ascent Resources Utica Holdings, LLC 6.625% 7/15/2033 <sup>(c)</sup>  | 1565 | 1592 |
| Baytex Energy Corp. 8.50% 4/30/2030 <sup>(c)</sup>  | 3030 | 3118 |
| Baytex Energy Corp. 7.375% 3/15/2032 <sup>(c)</sup>  | 2635 | 2582 |
| Blue Racer Midstream, LLC 7.00% 7/15/2029 <sup>(c)</sup>  | 605 | 628 |
| Borr IHC, Ltd. 10.00% 11/15/2028 <sup>(c)</sup>  | 3954 | 3938 |
| Borr IHC, Ltd. 10.375% 11/15/2030 <sup>(c)</sup>  | 1460 | 1464 |
| California Resources Corp. 7.125% 2/1/2026 <sup>(c)</sup>  | 120 | 120 |
| Caturus Energy, LLC 8.50% 2/15/2030 <sup>(c)</sup>  | 685 | 714 |
| CITGO Petroleum Corp. 8.375% 1/15/2029 <sup>(c)</sup>  | 555 | 578 |
| Civitas Resources, Inc. 8.375% 7/1/2028 <sup>(c)</sup>  | 2126 | 2206 |
| Civitas Resources, Inc. 8.625% 11/1/2030 <sup>(c)</sup>  | 5268 | 5460 |
| Civitas Resources, Inc. 8.75% 7/1/2031 <sup>(c)</sup>  | 5798 | 5947 |
| Civitas Resources, Inc. 9.625% 6/15/2033 <sup>(c)</sup>  | 190 | 201 |
| CNX Resources Corp. 7.375% 1/15/2031 <sup>(c)</sup>  | 4044 | 4172 |
| CNX Resources Corp. 7.25% 3/1/2032 <sup>(c)</sup>  | 5120 | 5315 |
| Comstock Resources, Inc. 6.75% 3/1/2029 <sup>(c)</sup>  | 2104 | 2102 |
| Comstock Resources, Inc. 5.875% 1/15/2030 <sup>(c)</sup>  | 4630 | 4463 |
| Constellation Oil Services Holding SA 9.375% 11/7/2029 <sup>(c)</sup>  | 6050 | 6207 |
| Crescent Energy Finance, LLC 9.25% 2/15/2028 <sup>(c)</sup>  | 1518 | 1577 |
| Crescent Energy Finance, LLC 7.625% 4/1/2032 <sup>(c)</sup>  | 5280 | 5247 |
| Crescent Energy Finance, LLC 7.375% 1/15/2033 <sup>(c)</sup>  | 4469 | 4355 |
| Crescent Energy Finance, LLC 8.375% 1/15/2034 <sup>(c)</sup>  | 470 | 477 |
| Devon Energy Corp. 5.75% 9/15/2054  | 1864 | 1730 |
| Diamondback Energy, Inc. 5.15% 1/30/2030  | 313 | 323 |
| Diamondback Energy, Inc. 5.40% 4/18/2034  | 1431 | 1461 |
| Diamondback Energy, Inc. 5.55% 4/1/2035  | 1342 | 1378 |
| Diamondback Energy, Inc. 5.75% 4/18/2054  | 3692 | 3556 |
| Diamondback Energy, Inc. 5.90% 4/18/2064  | 1211 | 1167 |
| DT Midstream, Inc. 4.375% 6/15/2031 <sup>(c)</sup>  | 750 | 725 |
| Ecopetrol SA 7.75% 2/1/2032  | 4050 | 4194 |
| Ecopetrol SA 8.875% 1/13/2033  | 2835 | 3075 |

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Capital Group U.S. Multi-Sector Income ETF — Page 4 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Energy (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Ecopetrol SA 8.375% 1/19/2036  | USD4,365 | $4511 |
| Energean Israel Finance, Ltd. 5.875% 3/30/2031 <sup>(c)</sup>  | 685 | 659 |
| EOG Resources, Inc. 4.40% 7/15/2028  | 205 | 207 |
| EOG Resources, Inc. 5.95% 7/15/2055  | 500 | 524 |
| EQT Corp. 4.75% 1/15/2031  | 3356 | 3350 |
| Expand Energy Corp. 4.75% 2/1/2032  | 285 | 280 |
| Exxon Mobil Corp. 3.452% 4/15/2051  | 4115 | 3019 |
| Genesis Energy, LP 8.25% 1/15/2029  | 1895 | 1978 |
| Genesis Energy, LP 8.875% 4/15/2030  | 3270 | 3464 |
| Genesis Energy, LP 7.875% 5/15/2032  | 1790 | 1868 |
| GeoPark, Ltd. 8.75% 1/31/2030 <sup>(c)</sup>  | 4050 | 3665 |
| Global Partners, LP 8.25% 1/15/2032 <sup>(c)</sup>  | 2595 | 2739 |
| Gulfport Energy Operating Corp. 6.75% 9/1/2029 <sup>(c)</sup>  | 520 | 534 |
| Harvest Midstream I, LP 7.50% 9/1/2028 <sup>(c)</sup>  | 875 | 885 |
| Harvest Midstream I, LP 7.50% 5/15/2032 <sup>(c)</sup>  | 2084 | 2136 |
| Hess Midstream Operations, LP 5.875% 3/1/2028 <sup>(c)</sup>  | 1140 | 1163 |
| Hilcorp Energy I, LP 6.00% 4/15/2030 <sup>(c)</sup>  | 900 | 888 |
| Hilcorp Energy I, LP 6.25% 4/15/2032 <sup>(c)</sup>  | 5001 | 4801 |
| Hilcorp Energy I, LP 8.375% 11/1/2033 <sup>(c)</sup>  | 4613 | 4848 |
| Kodiak Gas Services, LLC 6.50% 10/1/2033 <sup>(c)</sup>  | 865 | 881 |
| Kodiak Gas Services, LLC 6.75% 10/1/2035 <sup>(c)</sup>  | 865 | 889 |
| Kraken Oil & Gas Partners, LLC 7.625% 8/15/2029 <sup>(c)</sup>  | 2780 | 2758 |
| Leviathan Bond, Ltd. 6.75% 6/30/2030 <sup>(c)</sup>  | 980 | 985 |
| Matador Resources Co. 6.25% 4/15/2033 <sup>(c)</sup>  | 4390 | 4422 |
| MEG Energy Corp. 5.875% 2/1/2029 <sup>(c)</sup>  | 105 | 105 |
| MPLX, LP 5.40% 9/15/2035  | 1629 | 1633 |
| Murphy Oil Corp. 6.00% 10/1/2032  | 4015 | 3964 |
| Nabors Industries, Inc. 7.375% 5/15/2027 <sup>(c)</sup>  | 412 | 419 |
| Nabors Industries, Inc. 9.125% 1/31/2030 <sup>(c)</sup>  | 4085 | 4252 |
| NFE Financing, LLC 12.00% 11/15/2029 <sup>(c)</sup>  | 31598 | 9321 |
| NGL Energy Operating, LLC 8.125% 2/15/2029 <sup>(c)</sup>  | 1530 | 1570 |
| NGL Energy Operating, LLC 8.375% 2/15/2032 <sup>(c)</sup>  | 2370 | 2431 |
| Noble Finance II, LLC 8.00% 4/15/2030 <sup>(c)</sup>  | 5835 | 6044 |
| Northern Oil and Gas, Inc. 8.125% 3/1/2028 <sup>(c)</sup>  | 2800 | 2849 |
| Northern Oil and Gas, Inc. 8.75% 6/15/2031 <sup>(c)</sup>  | 5191 | 5369 |
| Northern Oil and Gas, Inc. 7.875% 10/15/2033 <sup>(c)</sup>  | 390 | 389 |
| Permian Resources Operating, LLC 8.00% 4/15/2027 <sup>(c)</sup>  | 162 | 165 |
| Permian Resources Operating, LLC 5.875% 7/1/2029 <sup>(c)</sup>  | 830 | 834 |
| Permian Resources Operating, LLC 9.875% 7/15/2031 <sup>(c)</sup>  | 1135 | 1235 |
| Permian Resources Operating, LLC 7.00% 1/15/2032 <sup>(c)</sup>  | 4800 | 4982 |
| Permian Resources Operating, LLC 6.25% 2/1/2033 <sup>(c)</sup>  | 1260 | 1284 |
| Petroleos Mexicanos 4.50% 1/23/2026  | 166 | 165 |
| Petroleos Mexicanos 6.875% 8/4/2026  | 542 | 550 |
| Petroleos Mexicanos 6.49% 1/23/2027  | 4098 | 4143 |
| Petroleos Mexicanos 6.50% 3/13/2027  | 499 | 506 |
| Petroleos Mexicanos 5.35% 2/12/2028  | 250 | 249 |
| Petroleos Mexicanos 5.95% 1/28/2031  | 3963 | 3841 |
| Petroleos Mexicanos 6.70% 2/16/2032  | 6279 | 6226 |
| Petroleos Mexicanos 10.00% 2/7/2033  | 2365 | 2746 |
| Petroleos Mexicanos 6.50% 6/2/2041  | 44 | 39 |
| Petroleos Mexicanos 6.375% 1/23/2045  | 24 | 20 |
| Petroleos Mexicanos 6.75% 9/21/2047  | 131 | 108 |
| Petroleos Mexicanos 6.35% 2/12/2048  | 33 | 26 |
| Petroleos Mexicanos 7.69% 1/23/2050  | 314 | 286 |

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Capital Group U.S. Multi-Sector Income ETF — Page 5 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Energy (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Petroleos Mexicanos 6.95% 1/28/2060  | USD5,363 | $4415 |
| Pluspetrol SA 8.50% 5/30/2032 <sup>(c)</sup>  | 3590 | 3590 |
| Raizen Fuels Finance SA 6.70% 2/25/2037 <sup>(c)</sup>  | 2115 | 2057 |
| Range Resources Corp. 4.75% 2/15/2030 <sup>(c)</sup>  | 320 | 313 |
| Repsol E&P Capital Markets US, LLC 5.976% 9/16/2035 <sup>(c)</sup>  | 3636 | 3706 |
| Shell International Finance BV 3.00% 11/26/2051  | 1650 | 1098 |
| Summit Midstream Holdings, LLC 8.625% 10/31/2029 <sup>(c)</sup>  | 3963 | 3986 |
| Sunoco, LP 7.00% 5/1/2029 <sup>(c)</sup>  | 850 | 881 |
| Sunoco, LP 4.50% 5/15/2029  | 2051 | 2002 |
| Sunoco, LP 5.625% 3/15/2031 <sup>(c)</sup>  | 1095 | 1088 |
| Sunoco, LP 7.25% 5/1/2032 <sup>(c)</sup>  | 5615 | 5897 |
| Sunoco, LP 6.25% 7/1/2033 <sup>(c)</sup>  | 880 | 896 |
| Sunoco, LP 5.875% 3/15/2034 <sup>(c)</sup>  | 1085 | 1076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sunoco, LP 7.875% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity <br> + 4.23% on 9/18/2030) <sup>(c)(d)</sup>  | 1740 | 1768 |
| Superior Plus, LP 4.50% 3/15/2029 <sup>(c)</sup>  | 50 | 48 |
| Talos Production, Inc. 9.00% 2/1/2029 <sup>(c)</sup>  | 1275 | 1319 |
| Talos Production, Inc. 9.375% 2/1/2031 <sup>(c)</sup>  | 2670 | 2783 |
| Targa Resources Corp. 5.65% 2/15/2036  | 2005 | 2054 |
| TotalEnergies Capital International SA 3.127% 5/29/2050  | 6250 | 4289 |
| TotalEnergies Capital SA 5.488% 4/5/2054  | 200 | 198 |
| Transocean Aquila, Ltd. 8.00% 9/30/2028 <sup>(c)</sup>  | 3480 | 3582 |
| Transocean International, Ltd. 7.875% 10/15/2032 <sup>(c)</sup>  | 680 | 680 |
| Transocean Poseidon, Ltd. 6.875% 2/1/2027 <sup>(c)</sup>  | 154 | 154 |
| Transocean Titan Financing, Ltd. 8.375% 2/1/2028 <sup>(c)</sup>  | 686 | 704 |
| Transocean, Inc. 8.00% 2/1/2027 <sup>(c)</sup>  | 361 | 361 |
| Transocean, Inc. 8.25% 5/15/2029 <sup>(c)</sup>  | 850 | 839 |
| Transocean, Inc. 8.75% 2/15/2030 <sup>(c)</sup>  | 5237 | 5514 |
| Transocean, Inc. 8.50% 5/15/2031 <sup>(c)</sup>  | 2850 | 2795 |
| Transocean, Inc. 6.80% 3/15/2038  | 2850 | 2416 |
| Transportadora de Gas del Sur SA 8.50% 7/24/2031 <sup>(c)</sup>  | 810 | 834 |
| USA Compression Partners, LP 7.125% 3/15/2029 <sup>(c)</sup>  | 2102 | 2169 |
| USA Compression Partners, LP 6.25% 10/1/2033 <sup>(c)</sup>  | 730 | 733 |
| Venture Global Calcasieu Pass, LLC 6.25% 1/15/2030 <sup>(c)</sup>  | 5184 | 5410 |
| Venture Global Calcasieu Pass, LLC 4.125% 8/15/2031 <sup>(c)</sup>  | 3067 | 2897 |
| Venture Global LNG, Inc. 7.00% 1/15/2030 <sup>(c)</sup>  | 4335 | 4489 |
| Venture Global LNG, Inc. 8.375% 6/1/2031 <sup>(c)</sup>  | 5185 | 5448 |
| Venture Global LNG, Inc. 9.875% 2/1/2032 <sup>(c)</sup>  | 2240 | 2440 |
| Venture Global Plaquemines LNG, LLC 7.50% 5/1/2033 <sup>(c)</sup>  | 200 | 221 |
| Venture Global Plaquemines LNG, LLC 6.50% 1/15/2034 <sup>(c)</sup>  | 2500 | 2633 |
| Venture Global Plaquemines LNG, LLC 7.75% 5/1/2035 <sup>(c)</sup>  | 3365 | 3800 |
| Venture Global Plaquemines LNG, LLC 6.875% 1/31/2036 <sup>(c)</sup>  | 4220 | 4485 |
| Vista Energy Argentina S.A.U. 8.50% 6/10/2033 <sup>(c)</sup>  | 2000 | 2033 |
| Vista Energy Argentina S.A.U. 7.625% 12/10/2035 <sup>(c)</sup>  | 5160 | 5018 |
| Vital Energy, Inc. 7.875% 4/15/2032 <sup>(c)</sup>  | 3160 | 3070 |
| Wildfire Intermediate Holdings, LLC 7.50% 10/15/2029 <sup>(c)</sup>  | 4455 | 4512 |
|  |  | 312060 |
| **Health care 7.87%** |  |  |
| 1261229 B.C., Ltd. 10.00% 4/15/2032 <sup>(c)</sup>  | 2250 | 2308 |
| AbbVie, Inc. 4.80% 3/15/2029  | 750 | 767 |
| AbbVie, Inc. 5.05% 3/15/2034  | 8631 | 8884 |
| AbbVie, Inc. 5.35% 3/15/2044  | 350 | 352 |
| AbbVie, Inc. 5.50% 3/15/2064  | 2967 | 2968 |

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Capital Group U.S. Multi-Sector Income ETF — Page 6 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Health care (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| AdaptHealth, LLC 6.125% 8/1/2028 <sup>(c)</sup>  | USD265 | $265 |
| AdaptHealth, LLC 4.625% 8/1/2029 <sup>(c)</sup>  | 3629 | 3436 |
| AdaptHealth, LLC 5.125% 3/1/2030 <sup>(c)</sup>  | 1309 | 1249 |
| Amgen, Inc. 4.20% 3/1/2033  | 5958 | 5797 |
| Amgen, Inc. 5.25% 3/2/2033  | 6163 | 6386 |
| Amgen, Inc. 3.00% 1/15/2052  | 4600 | 3025 |
| Amgen, Inc. 5.65% 3/2/2053  | 4924 | 4915 |
| Amgen, Inc. 5.75% 3/2/2063  | 2850 | 2845 |
| Amneal Pharmaceuticals, LLC 6.875% 8/1/2032 <sup>(c)</sup>  | 615 | 637 |
| AstraZeneca Finance, LLC 5.00% 2/26/2034  | 1505 | 1553 |
| Avantor Funding, Inc. 3.875% 11/1/2029 <sup>(c)</sup>  | 941 | 896 |
| Bausch Health Americas, Inc. 8.50% 1/31/2027 <sup>(c)</sup>  | 2615 | 2591 |
| Baxter International, Inc. 3.132% 12/1/2051  | 1475 | 942 |
| Biocon Biologics Global PLC 6.67% 10/9/2029 <sup>(c)</sup>  | 200 | 194 |
| Bristol-Myers Squibb Co. 5.20% 2/22/2034  | 427 | 443 |
| Bristol-Myers Squibb Co. 5.50% 2/22/2044  | 225 | 228 |
| Bristol-Myers Squibb Co. 6.25% 11/15/2053  | 3652 | 3991 |
| Bristol-Myers Squibb Co. 5.55% 2/22/2054  | 6811 | 6793 |
| Bristol-Myers Squibb Co. 6.40% 11/15/2063  | 666 | 736 |
| Bristol-Myers Squibb Co. 5.65% 2/22/2064  | 725 | 720 |
| Centene Corp. 2.50% 3/1/2031  | 7925 | 6832 |
| Centene Corp. 2.625% 8/1/2031  | 1765 | 1517 |
| CHS / Community Health Systems, Inc. 5.25% 5/15/2030 <sup>(c)</sup>  | 600 | 543 |
| CHS / Community Health Systems, Inc. 10.875% 1/15/2032 <sup>(c)</sup>  | 1120 | 1188 |
| Cigna Group (The) 5.25% 1/15/2036  | 3650 | 3698 |
| Cigna Group (The) 6.00% 1/15/2056  | 2906 | 3017 |
| CVS Health Corp. 5.00% 9/15/2032  | 1081 | 1095 |
| CVS Health Corp. 5.45% 9/15/2035  | 11884 | 12099 |
| CVS Health Corp. 6.00% 6/1/2044  | 750 | 761 |
| CVS Health Corp. 6.05% 6/1/2054  | 8129 | 8228 |
| CVS Health Corp. 6.20% 9/15/2055  | 5163 | 5317 |
| CVS Health Corp. 6.00% 6/1/2063  | 671 | 661 |
| CVS Health Corp. 6.25% 9/15/2065  | 1500 | 1527 |
| DaVita, Inc. 4.625% 6/1/2030 <sup>(c)</sup>  | 1500 | 1438 |
| DaVita, Inc. 6.875% 9/1/2032 <sup>(c)</sup>  | 4655 | 4812 |
| DaVita, Inc. 6.75% 7/15/2033 <sup>(c)</sup>  | 3705 | 3824 |
| Elevance Health, Inc. 5.00% 1/15/2036  | 6140 | 6098 |
| Elevance Health, Inc. 5.70% 9/15/2055  | 2100 | 2083 |
| Eli Lilly and Co. 5.10% 2/12/2035  | 2492 | 2579 |
| Eli Lilly and Co. 4.90% 10/15/2035  | 1000 | 1013 |
| Endo Finance Holdings, Inc. 8.50% 4/15/2031 <sup>(c)</sup>  | 5451 | 5855 |
| Endo Finance Holdings, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.00%) 8.163% 4/23/2031 <sup>(a)(b)</sup>  | 916 | 918 |
| Gilead Sciences, Inc. 5.25% 10/15/2033  | 2219 | 2328 |
| Gilead Sciences, Inc. 5.10% 6/15/2035  | 4395 | 4517 |
| Grifols SA 7.50% 5/1/2030  | EUR1,700 | 2109 |
| Humana, Inc. 5.75% 4/15/2054  | USD557 | 532 |
| Humana, Inc. 6.00% 5/1/2055  | 1650 | 1635 |
| IQVIA, Inc. 6.25% 6/1/2032 <sup>(c)</sup>  | 2598 | 2674 |
| Johnson & Johnson 4.85% 3/1/2032  | 750 | 778 |
| Johnson & Johnson 5.00% 3/1/2035  | 1100 | 1144 |
| Johnson & Johnson 5.25% 6/1/2054  | 450 | 459 |
| Medline Borrower, LP 3.875% 4/1/2029 <sup>(c)</sup>  | 975 | 940 |
| Medline Borrower, LP 5.25% 10/1/2029 <sup>(c)</sup>  | 4800 | 4762 |
| Molina Healthcare, Inc. 6.25% 1/15/2033 <sup>(c)</sup>  | 1858 | 1880 |

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Capital Group U.S. Multi-Sector Income ETF — Page 7 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Health care (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Owens & Minor, Inc. 4.50% 3/31/2029 <sup>(c)</sup>  | USD2,285 | $1836 |
| Owens & Minor, Inc. 6.25% 4/1/2030 <sup>(c)</sup>  | 10335 | 8536 |
| Owens & Minor, Inc., Term Loan B-1, (3-month USD CME Term SOFR + 3.75%) 8.013% 3/29/2029 <sup>(a)(b)</sup>  | 800 | 800 |
| Perrigo Finance Unlimited Co. 6.125% 9/30/2032  | 2595 | 2614 |
| Pfizer Investment Enterprises Pte., Ltd. 5.11% 5/19/2043  | 300 | 291 |
| Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053  | 5473 | 5293 |
| Radiology Partners, Inc. 9.781% 2/15/2030 <sup>(c)</sup>  | 3224 | 3157 |
| Radiology Partners, Inc. 8.50% 7/15/2032 <sup>(c)</sup>  | 1025 | 1062 |
| Roche Holdings, Inc. 4.985% 3/8/2034 <sup>(c)</sup>  | 1516 | 1566 |
| Sterigenics-Nordion Holdings, LLC 7.375% 6/1/2031 <sup>(c)</sup>  | 3755 | 3947 |
| Surgery Center Holdings, Inc. 7.25% 4/15/2032 <sup>(c)</sup>  | 1390 | 1430 |
| Takeda U.S. Financing, Inc. 5.20% 7/7/2035  | 11983 | 12185 |
| Takeda U.S. Financing, Inc. 5.90% 7/7/2055  | 2677 | 2760 |
| Tenet Healthcare Corp. 6.75% 5/15/2031  | 710 | 736 |
| Teva Pharmaceutical Finance Netherlands III BV 6.75% 3/1/2028  | 3865 | 4015 |
| Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029  | 3905 | 3929 |
| Teva Pharmaceutical Finance Netherlands III BV 7.875% 9/15/2029  | 4752 | 5192 |
| Teva Pharmaceutical Finance Netherlands III BV 8.125% 9/15/2031  | 2832 | 3242 |
| Teva Pharmaceutical Finance Netherlands III BV 6.00% 12/1/2032  | 3575 | 3726 |
| Teva Pharmaceutical Finance Netherlands IV BV 5.75% 12/1/2030  | 5145 | 5304 |
| UnitedHealth Group, Inc. 5.00% 4/15/2034  | 3290 | 3344 |
| UnitedHealth Group, Inc. 5.15% 7/15/2034  | 3435 | 3527 |
| UnitedHealth Group, Inc. 5.30% 6/15/2035  | 11100 | 11479 |
| UnitedHealth Group, Inc. 5.50% 7/15/2044  | 1775 | 1779 |
| UnitedHealth Group, Inc. 2.90% 5/15/2050  | 444 | 286 |
| UnitedHealth Group, Inc. 5.95% 6/15/2055  | 6285 | 6557 |
| Viatris, Inc. 4.00% 6/22/2050  | 6616 | 4517 |
|  |  | 264892 |
| **Consumer discretionary 7.06%** |  |  |
| Advance Auto Parts, Inc. 3.90% 4/15/2030  | 8136 | 7560 |
| Advance Auto Parts, Inc. 3.50% 3/15/2032  | 4661 | 4080 |
| Advance Auto Parts, Inc. 7.375% 8/1/2033 <sup>(c)</sup>  | 2280 | 2353 |
| Aimbridge Acquisition Co., Inc., Term Loan, (1-month USD CME Term SOFR + 5.614%) 9.765% 3/11/2030 <sup>(a)(b)(e)</sup>  | 204 | 204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aimbridge Acquisition Co., Inc., Term Loan, (1-month USD CME Term SOFR + 7.614%) 6.00% PIK and 5.935% <br> Cash 3/11/2030 <sup>(a)(b)(e)(f)</sup>  | 190 | 190 |
| Allied Universal Holdco, LLC 4.625% 6/1/2028 <sup>(c)</sup>  | 1219 | 1196 |
| Allied Universal Holdco, LLC 6.00% 6/1/2029 <sup>(c)</sup>  | 635 | 625 |
| Allied Universal Holdco, LLC 6.875% 6/15/2030 <sup>(c)</sup>  | 7588 | 7806 |
| Allwyn Entertainment Financing (UK) PLC 7.875% 4/30/2029 <sup>(c)</sup>  | 775 | 805 |
| Asbury Automotive Group, Inc. 4.625% 11/15/2029 <sup>(c)</sup>  | 5215 | 5065 |
| AutoNation, Inc. 5.89% 3/15/2035  | 7290 | 7538 |
| Bath & Body Works, Inc. 6.875% 11/1/2035  | 740 | 771 |
| Bath & Body Works, Inc. 6.75% 7/1/2036  | 1000 | 1030 |
| Boyd Gaming Corp. 4.75% 12/1/2027  | 1020 | 1016 |
| Boyne USA, Inc. 4.75% 5/15/2029 <sup>(c)</sup>  | 1010 | 992 |
| Caesars Entertainment, Inc. 4.625% 10/15/2029 <sup>(c)</sup>  | 3150 | 3014 |
| Caesars Entertainment, Inc. 7.00% 2/15/2030 <sup>(c)</sup>  | 642 | 661 |
| Caesars Entertainment, Inc. 6.50% 2/15/2032 <sup>(c)</sup>  | 6734 | 6873 |
| Carnival Corp. 5.125% 5/1/2029 <sup>(c)</sup>  | 2595 | 2595 |
| Carnival Corp. 6.00% 5/1/2029 <sup>(c)</sup>  | 3118 | 3167 |
| Carnival Corp. 7.00% 8/15/2029 <sup>(c)</sup>  | 575 | 606 |
| Carnival Corp. 5.75% 3/15/2030 <sup>(c)</sup>  | 7480 | 7642 |
| Carnival Corp. 5.75% 8/1/2032 <sup>(c)</sup>  | 4350 | 4432 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Consumer discretionary (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Carnival Corp. 6.125% 2/15/2033 <sup>(c)</sup>  | USD6,625 | $6795 |
| Cougar JV Subsidiary, LLC 8.00% 5/15/2032 <sup>(c)</sup>  | 1935 | 2060 |
| Fertitta Entertainment, LLC 4.625% 1/15/2029 <sup>(c)</sup>  | 2715 | 2586 |
| First Student Bidco, Inc. 4.00% 7/31/2029 <sup>(c)</sup>  | 3747 | 3567 |
| Flutter Treasury DAC 5.875% 6/4/2031 <sup>(c)</sup>  | 867 | 881 |
| Ford Motor Co. 7.45% 7/16/2031  | 375 | 415 |
| Ford Motor Co. 5.291% 12/8/2046  | 511 | 431 |
| Ford Motor Credit Co., LLC 2.70% 8/10/2026  | 100 | 98 |
| Ford Motor Credit Co., LLC 5.85% 5/17/2027  | 699 | 708 |
| Ford Motor Credit Co., LLC 4.95% 5/28/2027  | 350 | 350 |
| Ford Motor Credit Co., LLC 3.815% 11/2/2027  | 607 | 592 |
| Ford Motor Credit Co., LLC 5.918% 3/20/2028  | 1464 | 1489 |
| Ford Motor Credit Co., LLC 6.798% 11/7/2028  | 1050 | 1097 |
| Ford Motor Credit Co., LLC 7.20% 6/10/2030  | 500 | 535 |
| Ford Motor Credit Co., LLC 5.73% 9/5/2030  | 7081 | 7142 |
| Ford Motor Credit Co., LLC 6.054% 11/5/2031  | 7838 | 8014 |
| Ford Motor Credit Co., LLC 6.532% 3/19/2032  | 3540 | 3685 |
| Ford Motor Credit Co., LLC 7.122% 11/7/2033  | 650 | 695 |
| Ford Motor Credit Co., LLC 6.125% 3/8/2034  | 2096 | 2107 |
| Ford Motor Credit Co., LLC 6.50% 2/7/2035  | 7100 | 7298 |
| General Motors Financial Co., Inc. 5.45% 7/15/2030  | 299 | 308 |
| General Motors Financial Co., Inc. 5.45% 9/6/2034  | 1920 | 1933 |
| General Motors Financial Co., Inc. 5.90% 1/7/2035  | 1885 | 1946 |
| General Motors Financial Co., Inc. 6.15% 7/15/2035  | 2414 | 2526 |
| GENM Capital Labuan, Ltd. 3.882% 4/19/2031  | 1750 | 1612 |
| Genting New York, LLC 7.25% 10/1/2029 <sup>(c)</sup>  | 420 | 434 |
| Gildan Activewear, Inc. 5.40% 10/7/2035 <sup>(c)</sup>  | 1075 | 1076 |
| Great Canadian Gaming Corp. 8.75% 11/15/2029 <sup>(c)</sup>  | 700 | 693 |
| Hanesbrands, Inc. 9.00% 2/15/2031 <sup>(c)</sup>  | 2777 | 2943 |
| Hanesbrands, Inc., Term Loan B, (3-month USD CME Term SOFR + 2.75%) 6.913% 3/7/2032 <sup>(a)(b)</sup>  | 1500 | 1509 |
| Hertz Corp. (The), Term Loan B-EXIT, (3-month USD CME Term SOFR + 3.50%) 8.07% 6/30/2028 <sup>(a)(b)</sup>  | 412 | 373 |
| Hertz Corp. (The), Term Loan C-EXIT, (3-month USD CME Term SOFR + 3.50%) 8.07% 6/30/2028 <sup>(a)(b)</sup>  | 81 | 73 |
| Hilton Domestic Operating Co., Inc. 5.75% 9/15/2033 <sup>(c)</sup>  | 2210 | 2241 |
| Home Depot, Inc. 4.85% 6/25/2031  | 591 | 610 |
| Home Depot, Inc. 4.95% 6/25/2034  | 2990 | 3063 |
| Home Depot, Inc. 5.30% 6/25/2054  | 221 | 216 |
| Home Depot, Inc. 5.40% 6/25/2064  | 3490 | 3452 |
| Hyatt Hotels Corp. 5.75% 3/30/2032  | 752 | 785 |
| Hyundai Capital America 4.875% 6/23/2027 <sup>(c)</sup>  | 678 | 684 |
| Hyundai Capital America 4.90% 6/23/2028 <sup>(c)</sup>  | 257 | 261 |
| Hyundai Capital America 5.10% 6/24/2030 <sup>(c)</sup>  | 166 | 170 |
| International Game Technology PLC 5.25% 1/15/2029 <sup>(c)</sup>  | 200 | 199 |
| LCM Investments Holdings II, LLC 4.875% 5/1/2029 <sup>(c)</sup>  | 1075 | 1054 |
| LCM Investments Holdings II, LLC 8.25% 8/1/2031 <sup>(c)</sup>  | 535 | 566 |
| Levi Strauss & Co. 3.50% 3/1/2031 <sup>(c)</sup>  | 3025 | 2812 |
| Light and Wonder International, Inc. 7.50% 9/1/2031 <sup>(c)</sup>  | 2300 | 2394 |
| Light and Wonder International, Inc. 6.25% 10/1/2033 <sup>(c)</sup>  | 980 | 982 |
| Lithia Motors, Inc. 3.875% 6/1/2029 <sup>(c)</sup>  | 2876 | 2749 |
| Lithia Motors, Inc. 5.50% 10/1/2030 <sup>(c)</sup>  | 740 | 740 |
| McDonald's Corp. 5.00% 5/17/2029  | 196 | 202 |
| McDonald's Corp. 4.95% 3/3/2035  | 611 | 619 |
| Newell Brands, Inc. 8.50% 6/1/2028 <sup>(c)</sup>  | 330 | 350 |
| Newell Brands, Inc. 6.375% 5/15/2030  | 5830 | 5791 |
| Newell Brands, Inc. 6.625% 5/15/2032  | 5785 | 5724 |

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Capital Group U.S. Multi-Sector Income ETF — Page 9 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Consumer discretionary (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Newell Brands, Inc. 6.875% 4/1/2036 (7.125% on 10/1/2025) <sup>(d)</sup>  | USD4,844 | $4827 |
| Newell Brands, Inc. 7.00% 4/1/2046 <sup>(d)</sup>  | 200 | 177 |
| Nissan Motor Co., Ltd. 4.345% 9/17/2027 <sup>(c)</sup>  | 205 | 201 |
| Nissan Motor Co., Ltd. 7.50% 7/17/2030 <sup>(c)</sup>  | 2395 | 2515 |
| Nissan Motor Co., Ltd. 7.75% 7/17/2032 <sup>(c)</sup>  | 2500 | 2647 |
| Nissan Motor Co., Ltd. 8.125% 7/17/2035 <sup>(c)</sup>  | 9900 | 10634 |
| Party City Holdings, Inc. 0% 8/27/2030 <sup>(e)</sup>  | 74 | 1 |
| RHP Hotel Properties, LP 7.25% 7/15/2028 <sup>(c)</sup>  | 79 | 82 |
| RHP Hotel Properties, LP 4.50% 2/15/2029 <sup>(c)</sup>  | 4041 | 3966 |
| RHP Hotel Properties, LP 6.50% 6/15/2033 <sup>(c)</sup>  | 375 | 386 |
| Royal Caribbean Cruises, Ltd. 5.50% 4/1/2028 <sup>(c)</sup>  | 1927 | 1965 |
| Royal Caribbean Cruises, Ltd. 5.375% 1/15/2036  | 3374 | 3395 |
| Sally Holdings, LLC 6.75% 3/1/2032  | 5629 | 5859 |
| Service Corp. International 5.75% 10/15/2032  | 735 | 746 |
| Sonic Automotive, Inc. 4.625% 11/15/2029 <sup>(c)</sup>  | 814 | 791 |
| Sonic Automotive, Inc. 4.875% 11/15/2031 <sup>(c)</sup>  | 6170 | 5904 |
| Station Casinos, LLC 6.625% 3/15/2032 <sup>(c)</sup>  | 1070 | 1100 |
| TopBuild Corp. 5.625% 1/31/2034 <sup>(c)</sup>  | 1140 | 1137 |
| Universal Entertainment Corp. 9.875% 8/1/2029 <sup>(c)</sup>  | 3310 | 3289 |
| Vail Resorts, Inc. 5.625% 7/15/2030 <sup>(c)</sup>  | 770 | 775 |
| Vail Resorts, Inc. 6.50% 5/15/2032 <sup>(c)</sup>  | 731 | 756 |
| Valvoline, Inc. 3.625% 6/15/2031 <sup>(c)</sup>  | 1685 | 1546 |
| Voyager Parent, LLC, Term Loan B, (3-month USD CME Term SOFR + 4.75%) 8.752% 7/1/2032 <sup>(a)(b)</sup>  | 800 | 803 |
| Wyndham Hotels & Resorts, Inc. 4.375% 8/15/2028 <sup>(c)</sup>  | 1776 | 1735 |
| Wynn Macau, Ltd. 5.625% 8/26/2028  | 450 | 450 |
| Wynn Resorts Finance, LLC 7.125% 2/15/2031 <sup>(c)</sup>  | 6713 | 7231 |
| ZF North America Capital, Inc. 6.75% 4/23/2030 <sup>(c)</sup>  | 2985 | 2915 |
|  |  | 237689 |
| **Communication services 5.81%** |  |  |
| Alphabet, Inc. 5.25% 5/15/2055  | 124 | 124 |
| Alphabet, Inc. 5.30% 5/15/2065  | 97 | 97 |
| AT&T, Inc. 3.50% 9/15/2053  | 675 | 467 |
| AT&T, Inc. 3.55% 9/15/2055  | 240 | 165 |
| CCO Holdings, LLC 5.00% 2/1/2028 <sup>(c)</sup>  | 75 | 74 |
| CCO Holdings, LLC 4.25% 2/1/2031 <sup>(c)</sup>  | 845 | 779 |
| CCO Holdings, LLC 4.75% 2/1/2032 <sup>(c)</sup>  | 1025 | 949 |
| CCO Holdings, LLC 4.50% 5/1/2032  | 1315 | 1198 |
| CCO Holdings, LLC 4.50% 6/1/2033 <sup>(c)</sup>  | 5767 | 5131 |
| CCO Holdings, LLC 4.25% 1/15/2034 <sup>(c)</sup>  | 5963 | 5159 |
| Charter Communications Operating, LLC 4.40% 4/1/2033  | 3545 | 3364 |
| Charter Communications Operating, LLC 6.65% 2/1/2034  | 1230 | 1315 |
| Charter Communications Operating, LLC 6.384% 10/23/2035  | 6462 | 6772 |
| Charter Communications Operating, LLC 4.80% 3/1/2050  | 2590 | 2053 |
| Charter Communications Operating, LLC 3.70% 4/1/2051  | 11325 | 7477 |
| Charter Communications Operating, LLC 3.90% 6/1/2052  | 2320 | 1572 |
| Charter Communications Operating, LLC 5.25% 4/1/2053  | 8955 | 7488 |
| Charter Communications Operating, LLC 6.70% 12/1/2055  | 1367 | 1384 |
| Clear Channel Outdoor Holdings, Inc. 7.75% 4/15/2028 <sup>(c)</sup>  | 1427 | 1426 |
| Clear Channel Outdoor Holdings, Inc. 7.50% 6/1/2029 <sup>(c)</sup>  | 125 | 122 |
| Clear Channel Outdoor Holdings, Inc. 7.125% 2/15/2031 <sup>(c)</sup>  | 1250 | 1293 |
| Comcast Corp. 5.65% 6/1/2054  | 2518 | 2473 |
| Connect Finco SARL 9.00% 9/15/2029 <sup>(c)</sup>  | 12505 | 13163 |
| Connect Finco SARL, Term Loan B, (1-month USD CME Term SOFR + 4.50%) 8.663% 9/27/2029 <sup>(a)(b)</sup>  | 1097 | 1085 |

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Capital Group U.S. Multi-Sector Income ETF — Page 10 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Communication services (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| CSC Holdings, LLC 5.50% 4/15/2027 <sup>(c)</sup>  | USD650 | $617 |
| DIRECTV Financing, LLC 5.875% 8/15/2027 <sup>(c)</sup>  | 2224 | 2223 |
| DIRECTV Financing, LLC 8.875% 2/1/2030 <sup>(c)</sup>  | 5730 | 5667 |
| DISH Network Corp. 11.75% 11/15/2027 <sup>(c)</sup>  | 2775 | 2939 |
| EchoStar Corp. 10.75% 11/30/2029  | 6148 | 6768 |
| EchoStar Corp. 6.75% PIK or Cash 11/30/2030 <sup>(f)</sup>  | 4370 | 4509 |
| Frontier Communications Holdings, LLC 5.00% 5/1/2028 <sup>(c)</sup>  | 25 | 25 |
| Frontier Communications Holdings, LLC 6.75% 5/1/2029 <sup>(c)</sup>  | 3458 | 3495 |
| Frontier Communications Holdings, LLC 6.00% 1/15/2030 <sup>(c)</sup>  | 916 | 928 |
| Frontier Communications Holdings, LLC 8.75% 5/15/2030 <sup>(c)</sup>  | 50 | 52 |
| Frontier Communications Holdings, LLC 8.625% 3/15/2031 <sup>(c)</sup>  | 125 | 132 |
| Gray Media, Inc. 10.50% 7/15/2029 <sup>(c)</sup>  | 3024 | 3272 |
| Gray Media, Inc. 4.75% 10/15/2030 <sup>(c)</sup>  | 351 | 270 |
| Gray Media, Inc. 5.375% 11/15/2031 <sup>(c)</sup>  | 1509 | 1135 |
| Gray Media, Inc. 9.625% 7/15/2032 <sup>(c)</sup>  | 3850 | 3937 |
| Gray Television, Inc., Term Loan D, (3-month USD CME Term SOFR + 3.00%) 7.395% 12/1/2028 <sup>(a)(b)</sup>  | 3535 | 3539 |
| Gray Television, Inc., Term Loan B, (3-month USD CME Term SOFR + 5.25%) 9.53% 6/4/2029 <sup>(a)(b)</sup>  | 8 | 8 |
| Lamar Media Corp. 3.625% 1/15/2031  | 325 | 303 |
| Lamar Media Corp. 5.375% 11/1/2033 <sup>(c)</sup>  | 1375 | 1367 |
| Lindblad Expeditions, LLC 7.00% 9/15/2030 <sup>(c)</sup>  | 930 | 948 |
| Meta Platforms, Inc. 4.45% 8/15/2052  | 5952 | 5115 |
| Meta Platforms, Inc. 5.40% 8/15/2054  | 300 | 297 |
| Netflix, Inc. 4.90% 8/15/2034  | 200 | 206 |
| News Corp. 3.875% 5/15/2029 <sup>(c)</sup>  | 280 | 270 |
| Nexstar Media, Inc. 4.75% 11/1/2028 <sup>(c)</sup>  | 5305 | 5182 |
| Sirius XM Radio, LLC 4.00% 7/15/2028 <sup>(c)</sup>  | 2060 | 1992 |
| Sirius XM Radio, LLC 5.50% 7/1/2029 <sup>(c)</sup>  | 200 | 200 |
| Sirius XM Radio, LLC 4.125% 7/1/2030 <sup>(c)</sup>  | 5302 | 4976 |
| Sirius XM Radio, LLC 3.875% 9/1/2031 <sup>(c)</sup>  | 11375 | 10316 |
| Snap, Inc. 6.875% 3/1/2033 <sup>(c)</sup>  | 8820 | 9025 |
| T-Mobile USA, Inc. 2.55% 2/15/2031  | 100 | 91 |
| T-Mobile USA, Inc. 5.125% 5/15/2032  | 327 | 337 |
| T-Mobile USA, Inc. 3.50% 2/11/2037  | EUR1,250 | 1424 |
| T-Mobile USA, Inc. 5.875% 11/15/2055  | USD250 | 256 |
| Univision Communications, Inc. 8.00% 8/15/2028 <sup>(c)</sup>  | 4425 | 4589 |
| Univision Communications, Inc. 4.50% 5/1/2029 <sup>(c)</sup>  | 5565 | 5254 |
| Univision Communications, Inc. 7.375% 6/30/2030 <sup>(c)</sup>  | 6104 | 6138 |
| Univision Communications, Inc. 8.50% 7/31/2031 <sup>(c)</sup>  | 5140 | 5312 |
| Univision Communications, Inc. 9.375% 8/1/2032 <sup>(c)</sup>  | 4850 | 5173 |
| Verizon Communications, Inc. 3.55% 3/22/2051  | 310 | 227 |
| Verizon Communications, Inc. 3.875% 3/1/2052  | 324 | 249 |
| WarnerMedia Holdings, Inc. 4.054% 3/15/2029  | 150 | 145 |
| WarnerMedia Holdings, Inc. 4.279% 3/15/2032  | 1305 | 1197 |
| WarnerMedia Holdings, Inc. 5.05% 3/15/2042  | 18678 | 14923 |
| WarnerMedia Holdings, Inc. 5.141% 3/15/2052  | 1549 | 1156 |
| WMG Acquisition Corp. 3.875% 7/15/2030 <sup>(c)</sup>  | 287 | 272 |
| X Corp., Term Loan B, (USD-SOFR + 6.50%) 10.958% 10/26/2029 <sup>(a)(b)</sup>  | 4009 | 3938 |
|  |  | 195524 |
| **Information technology 5.73%** |  |  |
| Acuris Finance US, Inc. 9.00% 8/1/2029 <sup>(c)</sup>  | 7612 | 7961 |
| ams-OSRAM AG 12.25% 3/30/2029 <sup>(c)</sup>  | 3975 | 4281 |
| Analog Devices, Inc. 5.05% 4/1/2034  | 1649 | 1711 |
| Analog Devices, Inc. 5.30% 4/1/2054  | 62 | 61 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Information technology (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Broadcom, Inc. 5.15% 11/15/2031  | USD1,687 | $1753 |
| Broadcom, Inc. 4.55% 2/15/2032  | 739 | 745 |
| Broadcom, Inc. 2.60% 2/15/2033 <sup>(c)</sup>  | 116 | 102 |
| Broadcom, Inc. 3.469% 4/15/2034 <sup>(c)</sup>  | 3155 | 2881 |
| Broadcom, Inc. 4.80% 10/15/2034  | 885 | 892 |
| Broadcom, Inc. 5.20% 7/15/2035  | 6530 | 6732 |
| Broadcom, Inc. 4.80% 2/15/2036  | 1292 | 1289 |
| Broadcom, Inc. 4.926% 5/15/2037 <sup>(c)</sup>  | 3041 | 3034 |
| Cisco Systems, Inc. 5.05% 2/26/2034  | 4741 | 4906 |
| Cisco Systems, Inc. 5.10% 2/24/2035  | 1250 | 1293 |
| Cloud Software Group, Inc. 6.50% 3/31/2029 <sup>(c)</sup>  | 755 | 763 |
| Cloud Software Group, Inc. 9.00% 9/30/2029 <sup>(c)</sup>  | 8643 | 8974 |
| Cloud Software Group, Inc. 8.25% 6/30/2032 <sup>(c)</sup>  | 5672 | 6023 |
| Cloud Software Group, Inc. 6.625% 8/15/2033 <sup>(c)</sup>  | 2780 | 2833 |
| CommScope Technologies, LLC 5.00% 3/15/2027 <sup>(c)</sup>  | 2860 | 2840 |
| CommScope, LLC 8.25% 3/1/2027 <sup>(c)</sup>  | 148 | 150 |
| CommScope, LLC 7.125% 7/1/2028 <sup>(c)</sup>  | 55 | 55 |
| CommScope, LLC 4.75% 9/1/2029 <sup>(c)</sup>  | 76 | 76 |
| CommScope, LLC 9.50% 12/15/2031 <sup>(c)</sup>  | 800 | 829 |
| Commscope, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.913% 12/17/2029 <sup>(a)(b)</sup>  | 2575 | 2608 |
| Diebold Nixdorf, Inc. 7.75% 3/31/2030 <sup>(c)</sup>  | 8660 | 9157 |
| Ellucian Holdings, Inc. 6.50% 12/1/2029 <sup>(c)</sup>  | 1500 | 1528 |
| Ellucian Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.913% 11/22/2032 <sup>(a)(b)</sup>  | 425 | 435 |
| Fair Isaac Corp. 6.00% 5/15/2033 <sup>(c)</sup>  | 4865 | 4938 |
| Finastra USA, Inc., Term Loan B, (3-month USD CME Term SOFR + 7.25%) 11.288% 9/13/2029 <sup>(a)(b)(g)</sup>  | 75 | 76 |
| Finastra USA, Inc., Term Loan, (1-month USD CME Term SOFR + 4.00%) 8.129% 7/30/2032 <sup>(a)(b)</sup>  | 4355 | 4342 |
| Helios Software Holdings, Inc. 8.75% 5/1/2029 <sup>(c)</sup>  | 8708 | 9036 |
| Hughes Satellite Systems Corp. 5.25% 8/1/2026  | 813 | 798 |
| Hughes Satellite Systems Corp. 6.625% 8/1/2026  | 1540 | 1466 |
| ION Trading Technologies SARL 9.50% 5/30/2029 <sup>(c)</sup>  | 7838 | 8317 |
| Kaseya, Inc., Term Loan, (3-month USD CME Term SOFR + 5.00%) 9.163% 3/20/2033 <sup>(a)(b)</sup>  | 1700 | 1704 |
| Microchip Technology, Inc. 5.05% 3/15/2029  | 775 | 792 |
| Microchip Technology, Inc. 5.05% 2/15/2030  | 5577 | 5705 |
| Micron Technology, Inc. 6.05% 11/1/2035  | 7450 | 7964 |
| NCR Atleos Corp. 9.50% 4/1/2029 <sup>(c)</sup>  | 2790 | 3022 |
| Oracle Corp. 4.45% 9/26/2030  | 450 | 450 |
| Oracle Corp. 5.50% 8/3/2035  | 10549 | 10860 |
| Oracle Corp. 5.20% 9/26/2035  | 3800 | 3822 |
| Oracle Corp. 5.875% 9/26/2045  | 1000 | 1003 |
| Oracle Corp. 5.95% 9/26/2055  | 7100 | 7083 |
| Oracle Corp. 6.10% 9/26/2065  | 1000 | 999 |
| Roper Technologies, Inc. 4.90% 10/15/2034  | 1939 | 1942 |
| Roper Technologies, Inc. 5.10% 9/15/2035  | 4581 | 4620 |
| ServiceNow, Inc. 1.40% 9/1/2030  | 50 | 44 |
| Shift4 Payments, LLC 6.75% 8/31/2032 <sup>(c)</sup>  | 335 | 347 |
| Synopsys, Inc. 4.85% 4/1/2030  | 2250 | 2292 |
| Synopsys, Inc. 5.15% 4/1/2035  | 2500 | 2544 |
| Synopsys, Inc. 5.70% 4/1/2055  | 7100 | 7171 |
| Texas Instruments, Inc. 5.10% 5/23/2035  | 150 | 155 |
| UKG, Inc. 6.875% 2/1/2031 <sup>(c)</sup>  | 3180 | 3284 |
| Unisys Corp. 10.625% 1/15/2031 <sup>(c)</sup>  | 9284 | 9899 |
| Viasat, Inc. 5.625% 4/15/2027 <sup>(c)</sup>  | 3265 | 3255 |
| Viasat, Inc., Term Loan B, (1-month USD CME Term SOFR + 4.50%) 8.778% 3/2/2029 <sup>(a)(b)</sup>  | 873 | 863 |
| Viasat, Inc., Term Loan B, (1-month USD CME Term SOFR + 4.50%) 8.75% 5/30/2030 <sup>(a)(b)</sup>  | 1157 | 1140 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Information technology (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Wolfspeed, Inc. 12.875% 6/23/2030 (13.875% on 6/23/2026) <sup>(d)(g)</sup>  | USD1,050 | $1149 |
| Wolfspeed, Inc. 12.875% 6/23/2030 (13.875% on 6/22/2026) <sup>(d)(g)</sup>  | 92 | 99 |
| X.AI Corp. 12.50% 6/30/2030  | 7500 | 7884 |
|  |  | 192977 |
| **Industrials 5.06%** |  |  |
| AAR Escrow Issuer, LLC 6.75% 3/15/2029 <sup>(c)</sup>  | 199 | 205 |
| AECOM 6.00% 8/1/2033 <sup>(c)</sup>  | 105 | 107 |
| Ambipar Lux SARL 9.875% 2/6/2031 <sup>(c)</sup>  | 590 | 102 |
| Ambipar Lux SARL 10.875% 2/5/2033 <sup>(c)</sup>  | 925 | 156 |
| Amentum Holdings, Inc. 7.25% 8/1/2032 <sup>(c)</sup>  | 4115 | 4276 |
| American Airlines, Inc. 8.50% 5/15/2029 <sup>(c)</sup>  | 1250 | 1305 |
| Aramark Services, Inc. 5.00% 2/1/2028 <sup>(c)</sup>  | 1320 | 1315 |
| ATI, Inc. 4.875% 10/1/2029  | 1232 | 1212 |
| ATI, Inc. 7.25% 8/15/2030  | 349 | 367 |
| Avis Budget Car Rental, LLC 4.75% 4/1/2028 <sup>(c)</sup>  | 1000 | 970 |
| BAE Systems PLC 5.30% 3/26/2034 <sup>(c)</sup>  | 1000 | 1037 |
| Boeing Co. (The) 5.15% 5/1/2030  | 2687 | 2758 |
| Boeing Co. (The) 6.528% 5/1/2034  | 4054 | 4485 |
| Boeing Co. (The) 5.705% 5/1/2040  | 730 | 745 |
| Boeing Co. (The) 5.805% 5/1/2050  | 1420 | 1420 |
| Boeing Co. (The) 6.858% 5/1/2054  | 5121 | 5845 |
| Boeing Co. (The) 5.93% 5/1/2060  | 2445 | 2444 |
| Canadian National Railway Co. 4.375% 9/18/2034  | 375 | 367 |
| Canadian Pacific Railway Co. 5.20% 3/30/2035  | 2323 | 2396 |
| Clarivate Science Holdings Corp. 3.875% 7/1/2028 <sup>(c)</sup>  | 340 | 328 |
| Clean Harbors, Inc. 6.375% 2/1/2031 <sup>(c)</sup>  | 45 | 46 |
| Clean Harbors, Inc. 5.75% 10/15/2033 <sup>(c)</sup>  | 1090 | 1100 |
| CoreLogic, Inc. 4.50% 5/1/2028 <sup>(c)</sup>  | 6956 | 6767 |
| CoreLogic, Inc., Term Loan, (3-month USD CME Term SOFR + 3.50%) 7.778% 6/2/2028 <sup>(a)(b)</sup>  | 1985 | 1987 |
| CSX Corp. 2.50% 5/15/2051  | 220 | 131 |
| Embraer Netherlands Finance BV 5.98% 2/11/2035  | 620 | 658 |
| EquipmentShare.com, Inc. 9.00% 5/15/2028 <sup>(c)</sup>  | 3405 | 3608 |
| EquipmentShare.com, Inc. 8.625% 5/15/2032 <sup>(c)</sup>  | 4920 | 5318 |
| EquipmentShare.com, Inc. 8.00% 3/15/2033 <sup>(c)</sup>  | 3360 | 3594 |
| FTAI Aviation Investors, LLC 5.875% 4/15/2033 <sup>(c)</sup>  | 4800 | 4834 |
| Garda World Security Corp. 8.375% 11/15/2032 <sup>(c)</sup>  | 1360 | 1413 |
| General Aerospace Co. 4.30% 7/29/2030  | 271 | 273 |
| General Aerospace Co. 4.90% 1/29/2036  | 2775 | 2815 |
| Herc Holdings, Inc. 6.625% 6/15/2029 <sup>(c)</sup>  | 2120 | 2180 |
| Herc Holdings, Inc. 7.00% 6/15/2030 <sup>(c)</sup>  | 3245 | 3373 |
| Herc Holdings, Inc. 7.25% 6/15/2033 <sup>(c)</sup>  | 4020 | 4200 |
| Hertz Corp. (The) 4.625% 12/1/2026 <sup>(c)</sup>  | 1125 | 1108 |
| Honeywell International, Inc. 5.00% 3/1/2035  | 1669 | 1698 |
| Icahn Enterprises, LP 6.25% 5/15/2026  | 1194 | 1194 |
| Icahn Enterprises, LP 5.25% 5/15/2027  | 9086 | 8938 |
| Icahn Enterprises, LP 9.75% 1/15/2029  | 3450 | 3486 |
| Icahn Enterprises, LP 10.00% 11/15/2029 <sup>(c)</sup>  | 405 | 407 |
| IRB Infrastructure Developers, Ltd. 7.11% 3/11/2032 <sup>(c)</sup>  | 435 | 452 |
| LATAM Airlines Group SA 7.875% 4/15/2030 <sup>(c)</sup>  | 755 | 786 |
| Lima Metro Line 2 Finance, Ltd. 5.875% 7/5/2034  | 471 | 487 |
| Miter Brands Acquisition Holdco, Inc. 6.75% 4/1/2032 <sup>(c)</sup>  | 608 | 625 |
| NESCO Holdings II, Inc. 5.50% 4/15/2029 <sup>(c)</sup>  | 7990 | 7831 |
| Norfolk Southern Corp. 5.05% 8/1/2030  | 57 | 59 |

---

Capital Group U.S. Multi-Sector Income ETF — Page 13 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Industrials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Norfolk Southern Corp. 4.45% 3/1/2033  | USD15 | $15 |
| Norfolk Southern Corp. 5.35% 8/1/2054  | 2926 | 2885 |
| Paychex, Inc. 5.60% 4/15/2035  | 267 | 280 |
| Peraton Corp., Term Loan B, (3-month USD CME Term SOFR + 3.75%) 8.013% 2/1/2028 <sup>(a)(b)</sup>  | 1512 | 1278 |
| QXO Building Products, Inc. 6.75% 4/30/2032 <sup>(c)</sup>  | 4710 | 4888 |
| Regal Rexnord Corp. 6.30% 2/15/2030  | 1841 | 1953 |
| Regal Rexnord Corp. 6.40% 4/15/2033  | 5915 | 6353 |
| Reworld Holding Corp. 4.875% 12/1/2029 <sup>(c)</sup>  | 4210 | 3963 |
| Sabre GLBL, Inc. 11.125% 7/15/2030 <sup>(c)</sup>  | 6488 | 6291 |
| Science Applications International Corp. 5.875% 11/1/2033 <sup>(c)</sup>  | 1285 | 1286 |
| Sensata Technologies BV 4.00% 4/15/2029 <sup>(c)</sup>  | 3800 | 3651 |
| Sensata Technologies, Inc. 3.75% 2/15/2031 <sup>(c)</sup>  | 3193 | 2950 |
| Siemens Funding BV 5.20% 5/28/2035 <sup>(c)</sup>  | 500 | 519 |
| Siemens Funding BV 5.80% 5/28/2055 <sup>(c)</sup>  | 704 | 757 |
| Siemens Funding BV 5.90% 5/28/2065 <sup>(c)</sup>  | 541 | 588 |
| TransDigm, Inc. 6.375% 3/1/2029 <sup>(c)</sup>  | 300 | 307 |
| TransDigm, Inc. 6.375% 5/31/2033 <sup>(c)</sup>  | 5450 | 5525 |
| TransDigm, Inc. 6.25% 1/31/2034 <sup>(c)</sup>  | 1690 | 1739 |
| TransDigm, Inc. 6.75% 1/31/2034 <sup>(c)</sup>  | 5500 | 5691 |
| Union Pacific Corp. 5.10% 2/20/2035  | 3242 | 3335 |
| Union Pacific Corp. 3.50% 2/14/2053  | 358 | 259 |
| Union Pacific Corp. 5.60% 12/1/2054  | 1256 | 1277 |
| United Rentals (North America), Inc. 5.25% 1/15/2030  | 385 | 387 |
| United Rentals (North America), Inc. 6.125% 3/15/2034 <sup>(c)</sup>  | 1910 | 1988 |
| Verisk Analytics, Inc. 5.125% 2/15/2036  | 4460 | 4504 |
| Waste Management, Inc. 4.95% 3/15/2035  | 3465 | 3519 |
| Waste Pro USA, Inc. 7.00% 2/1/2033 <sup>(c)</sup>  | 615 | 639 |
| WESCO Distribution, Inc. 7.25% 6/15/2028 <sup>(c)</sup>  | 435 | 441 |
| WESCO Distribution, Inc. 6.625% 3/15/2032 <sup>(c)</sup>  | 850 | 884 |
| WESCO Distribution, Inc. 6.375% 3/15/2033 <sup>(c)</sup>  | 895 | 928 |
|  |  | 170288 |
| **Materials 4.83%** |  |  |
| Avient Corp. 6.25% 11/1/2031 <sup>(c)</sup>  | 260 | 264 |
| Axalta Coating Systems Dutch Holding B BV 7.25% 2/15/2031 <sup>(c)</sup>  | 834 | 874 |
| Axalta Coating Systems, LLC 4.75% 6/15/2027 <sup>(c)</sup>  | 625 | 623 |
| Ball Corp. 5.50% 9/15/2033  | 5550 | 5613 |
| BHP Billiton Finance (USA), Ltd. 4.90% 2/28/2033  | 36 | 37 |
| BHP Billiton Finance (USA), Ltd. 5.25% 9/8/2033  | 6066 | 6320 |
| BHP Billiton Finance (USA), Ltd. 5.75% 9/5/2055  | 751 | 781 |
| Braskem Netherlands Finance BV 4.50% 1/10/2028  | 1489 | 644 |
| Braskem Netherlands Finance BV 4.50% 1/31/2030  | 280 | 106 |
| Braskem Netherlands Finance BV 8.75% 1/12/2031 <sup>(c)</sup>  | 2468 | 964 |
| Braskem Netherlands Finance BV 7.25% 2/13/2033 <sup>(c)</sup>  | 3725 | 1432 |
| Braskem Netherlands Finance BV 8.00% 10/15/2034 <sup>(c)</sup>  | 6100 | 2283 |
| Braskem Netherlands Finance BV 8.00% 10/15/2034  | 1250 | 468 |
| Braskem Netherlands Finance BV 5.875% 1/31/2050  | 2320 | 841 |
| Capstone Copper Corp. 6.75% 3/31/2033 <sup>(c)</sup>  | 750 | 773 |
| Celanese US Holdings, LLC 6.85% 11/15/2028 <sup>(d)</sup>  | 181 | 188 |
| Celanese US Holdings, LLC 6.50% 4/15/2030  | 3822 | 3850 |
| Celanese US Holdings, LLC 6.879% 7/15/2032 <sup>(d)</sup>  | 6882 | 7037 |
| Celanese US Holdings, LLC 7.20% 11/15/2033 <sup>(d)</sup>  | 9554 | 9939 |
| Celulosa Arauco y Constitucion SA 6.18% 5/5/2032 <sup>(c)</sup>  | 1315 | 1375 |
| Cleveland-Cliffs, Inc. 6.875% 11/1/2029 <sup>(c)</sup>  | 6388 | 6515 |

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Capital Group U.S. Multi-Sector Income ETF — Page 14 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Materials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Cleveland-Cliffs, Inc. 7.50% 9/15/2031 <sup>(c)</sup>  | USD4,175 | $4306 |
| Cleveland-Cliffs, Inc. 7.00% 3/15/2032 <sup>(c)</sup>  | 300 | 303 |
| Cleveland-Cliffs, Inc. 7.375% 5/1/2033 <sup>(c)</sup>  | 4135 | 4225 |
| Cleveland-Cliffs, Inc. 7.625% 1/15/2034 <sup>(c)</sup>  | 2445 | 2521 |
| Consolidated Energy Finance SA 12.00% 2/15/2031 <sup>(c)</sup>  | 7208 | 6604 |
| Dow Chemical Co. (The) 4.80% 1/15/2031  | 1750 | 1743 |
| Dow Chemical Co. (The) 5.15% 2/15/2034  | 1003 | 1006 |
| Dow Chemical Co. (The) 5.35% 3/15/2035  | 1793 | 1784 |
| Dow Chemical Co. (The) 5.65% 3/15/2036  | 8943 | 8992 |
| Dow Chemical Co. (The) 6.90% 5/15/2053  | 1125 | 1203 |
| Dow Chemical Co. (The) 5.60% 2/15/2054  | 5545 | 5024 |
| Element Solutions, Inc. 3.875% 9/1/2028 <sup>(c)</sup>  | 1730 | 1678 |
| First Quantum Minerals, Ltd. 9.375% 3/1/2029 <sup>(c)</sup>  | 6499 | 6896 |
| FXI Holdings, Inc. 12.25% 11/15/2026 <sup>(c)</sup>  | 5812 | 5128 |
| JH North America Holdings, Inc. 5.875% 1/31/2031 <sup>(c)</sup>  | 740 | 752 |
| JH North America Holdings, Inc. 6.125% 7/31/2032 <sup>(c)</sup>  | 715 | 733 |
| LSB Industries, Inc. 6.25% 10/15/2028 <sup>(c)</sup>  | 2332 | 2302 |
| LYB International Finance III, LLC 5.50% 3/1/2034  | 724 | 729 |
| LYB International Finance III, LLC 6.15% 5/15/2035  | 2631 | 2743 |
| Magnera Corp. 7.25% 11/15/2031 <sup>(c)</sup>  | 9130 | 8598 |
| Mauser Packaging Solutions Holding Co. 7.875% 4/15/2027 <sup>(c)</sup>  | 2710 | 2740 |
| Mercer International, Inc. 12.875% 10/1/2028 <sup>(c)</sup>  | 1295 | 1180 |
| Mercer International, Inc. 5.125% 2/1/2029  | 1825 | 1347 |
| Minera Mexico SA de CV 5.625% 2/12/2032 <sup>(c)</sup>  | 3435 | 3548 |
| Mineral Resources, Ltd. 8.125% 5/1/2027 <sup>(c)</sup>  | 845 | 845 |
| Mineral Resources, Ltd. 9.25% 10/1/2028 <sup>(c)</sup>  | 3070 | 3221 |
| Mineral Resources, Ltd. 8.50% 5/1/2030 <sup>(c)</sup>  | 2625 | 2733 |
| NOVA Chemicals Corp. 5.25% 6/1/2027 <sup>(c)</sup>  | 685 | 688 |
| NOVA Chemicals Corp. 4.25% 5/15/2029 <sup>(c)</sup>  | 525 | 509 |
| PT Krakatau Posco 6.375% 6/11/2029  | 1500 | 1544 |
| Quikrete Holdings, Inc. 6.375% 3/1/2032 <sup>(c)</sup>  | 3424 | 3549 |
| Quikrete Holdings, Inc. 6.75% 3/1/2033 <sup>(c)</sup>  | 1105 | 1150 |
| Samarco Mineracao SA 9.00% PIK 6/30/2031 (5.00% PIK and 4.00% Cash on 12/30/2025) <sup>(c)(d)(f)</sup>  | 271 | 273 |
| Samarco Mineracao SA 9.00% 6/30/2031 (5.00% PIK and 4.00% Cash on 12/30/2025) <sup>(d)(f)</sup>  | 234 | 235 |
| Sasol Financing USA, LLC 8.75% 5/3/2029 <sup>(g)</sup>  | 1700 | 1765 |
| Sasol Financing USA, LLC 8.75% 5/3/2029 <sup>(c)</sup>  | 1000 | 1038 |
| Sasol Financing USA, LLC 5.50% 3/18/2031  | 2000 | 1762 |
| SCIH Salt Holdings, Inc. 4.875% 5/1/2028 <sup>(c)</sup>  | 553 | 541 |
| SCIH Salt Holdings, Inc. 6.625% 5/1/2029 <sup>(c)</sup>  | 4535 | 4450 |
| Sealed Air Corp. 4.00% 12/1/2027 <sup>(c)</sup>  | 1425 | 1400 |
| Sealed Air Corp. 6.125% 2/1/2028 <sup>(c)</sup>  | 1854 | 1881 |
| Sherwin-Williams Co. 4.50% 8/15/2030  | 500 | 504 |
| Sherwin-Williams Co. 5.15% 8/15/2035  | 1064 | 1083 |
| Solstice Advanced Materials, Inc. 5.625% 9/30/2033 <sup>(c)</sup>  | 880 | 883 |
| Stillwater Mining Co. 4.00% 11/16/2026 <sup>(g)</sup>  | 1019 | 1010 |
| Trivium Packaging Finance BV 8.25% 7/15/2030 <sup>(c)</sup>  | 215 | 230 |
| Trivium Packaging Finance BV 12.25% 1/15/2031 <sup>(c)</sup>  | 680 | 737 |
| Vale Overseas, Ltd. 6.40% 6/28/2054  | 2834 | 2916 |
| Venator Material, LLC, Term Loan, (3-month USD CME Term SOFR + 2.00%) 6.318% 1/16/2026 <sup>(a)(b)(e)</sup>  | 10 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venator Material, LLC, Term Loan, (3-month USD CME Term SOFR + 8.00%) 8.00% PIK and 2.00% Cash <br> 7/16/2026 <sup>(a)(b)(e)(f)</sup>  | 10 | 2 |

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Capital Group U.S. Multi-Sector Income ETF — Page 15 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Materials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Venator Material, LLC, Term Loan, (USD-SOFR + 10.00%) 8.00% PIK and 2.00% Cash 10/12/2028 <sup>(a)(b)(e)(f)</sup>  | USD16 | $4 |
| Veritiv Operating Co. 10.50% 11/30/2030 <sup>(c)</sup>  | 650 | 698 |
|  |  | 162665 |
| **Consumer staples 4.32%** |  |  |
| Albertsons Cos., Inc. 3.50% 3/15/2029 <sup>(c)</sup>  | 275 | 261 |
| Altria Group, Inc. 5.25% 8/6/2035  | 3050 | 3085 |
| Anheuser-Busch InBev Worldwide, Inc. 5.00% 6/15/2034  | 880 | 908 |
| B&G Foods, Inc. 5.25% 9/15/2027  | 990 | 959 |
| B&G Foods, Inc. 8.00% 9/15/2028 <sup>(c)</sup>  | 6478 | 6285 |
| BAT Capital Corp. 4.625% 3/22/2033  | 630 | 624 |
| BAT Capital Corp. 6.421% 8/2/2033  | 3345 | 3674 |
| BAT Capital Corp. 6.00% 2/20/2034  | 3079 | 3291 |
| BAT Capital Corp. 5.625% 8/15/2035  | 8602 | 8943 |
| BAT Capital Corp. 7.081% 8/2/2053  | 6486 | 7439 |
| BAT Capital Corp. 6.25% 8/15/2055  | 261 | 273 |
| Campbell's Co. (The) 4.75% 3/23/2035  | 2119 | 2056 |
| Campbell's Co. (The) 5.25% 10/13/2054  | 346 | 321 |
| Central Garden & Pet Co. 4.125% 4/30/2031 <sup>(c)</sup>  | 9070 | 8474 |
| Coca-Cola Co. 5.20% 1/14/2055  | 2551 | 2501 |
| Constellation Brands, Inc. 2.25% 8/1/2031  | 2140 | 1887 |
| Constellation Brands, Inc. 4.75% 5/9/2032  | 3266 | 3286 |
| Constellation Brands, Inc. 4.90% 5/1/2033  | 489 | 494 |
| Coty, Inc. 6.625% 7/15/2030 <sup>(c)</sup>  | 1030 | 1054 |
| Darling Ingredients, Inc. 6.00% 6/15/2030 <sup>(c)</sup>  | 2250 | 2274 |
| Fiesta Purchaser, Inc. 10.00% 9/30/2032 <sup>(c)</sup>  | 525 | 568 |
| Fiesta Purchaser, Inc., Term Loan B, (1-month USD CME Term SOFR + 2.75%) 6.913% 2/12/2031 <sup>(a)(b)</sup>  | 232 | 232 |
| Imperial Brands Finance PLC 5.875% 7/1/2034 <sup>(c)</sup>  | 3180 | 3332 |
| Imperial Brands Finance PLC 5.625% 7/1/2035 <sup>(c)</sup>  | 500 | 510 |
| Imperial Brands Finance PLC 6.375% 7/1/2055 <sup>(c)</sup>  | 1297 | 1348 |
| Ingles Markets, Inc. 4.00% 6/15/2031 <sup>(c)</sup>  | 4424 | 4162 |
| Kroger Co. 5.50% 9/15/2054  | 617 | 602 |
| Kronos Acquisition Holdings, Inc. 10.75% 6/30/2032 <sup>(c)</sup>  | 535 | 294 |
| Lamb Weston Holdings, Inc. 4.125% 1/31/2030 <sup>(c)</sup>  | 250 | 240 |
| Lamb Weston Holdings, Inc. 4.375% 1/31/2032 <sup>(c)</sup>  | 3709 | 3509 |
| MARB BondCo PLC 3.95% 1/29/2031  | 1606 | 1473 |
| Mars, Inc. 5.20% 3/1/2035 <sup>(c)</sup>  | 12527 | 12811 |
| Mars, Inc. 5.65% 5/1/2045 <sup>(c)</sup>  | 1330 | 1350 |
| Mars, Inc. 5.70% 5/1/2055 <sup>(c)</sup>  | 7194 | 7292 |
| Mars, Inc. 5.80% 5/1/2065 <sup>(c)</sup>  | 476 | 486 |
| Minerva Luxembourg SA 8.875% 9/13/2033 <sup>(c)</sup>  | 2190 | 2406 |
| Mondelez International, Inc. 4.75% 8/28/2034  | 72 | 72 |
| Mondelez International, Inc. 5.125% 5/6/2035  | 620 | 632 |
| Opal Bidco SAS 6.50% 3/31/2032 <sup>(c)</sup>  | 975 | 1000 |
| Performance Food Group, Inc. 4.25% 8/1/2029 <sup>(c)</sup>  | 166 | 161 |
| Performance Food Group, Inc. 6.125% 9/15/2032 <sup>(c)</sup>  | 1890 | 1938 |
| Philip Morris International, Inc. 4.75% 11/1/2031  | 512 | 521 |
| Philip Morris International, Inc. 5.375% 2/15/2033  | 2780 | 2904 |
| Philip Morris International, Inc. 5.625% 9/7/2033  | 3388 | 3595 |
| Philip Morris International, Inc. 5.25% 2/13/2034  | 6175 | 6379 |
| Philip Morris International, Inc. 4.90% 11/1/2034  | 7547 | 7611 |
| Post Holdings, Inc. 4.625% 4/15/2030 <sup>(c)</sup>  | 4845 | 4676 |
| Post Holdings, Inc. 6.25% 2/15/2032 <sup>(c)</sup>  | 303 | 312 |
| Post Holdings, Inc. 6.375% 3/1/2033 <sup>(c)</sup>  | 6130 | 6202 |

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Capital Group U.S. Multi-Sector Income ETF — Page 16 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Consumer staples (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Prestige Brands, Inc. 3.75% 4/1/2031 <sup>(c)</sup>  | USD2,995 | $2761 |
| TreeHouse Foods, Inc. 4.00% 9/1/2028  | 5308 | 5173 |
| United Natural Foods, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.75%) 8.913% 5/1/2031 <sup>(a)(b)</sup>  | 1207 | 1216 |
| US Foods, Inc. 4.625% 6/1/2030 <sup>(c)</sup>  | 320 | 313 |
| Walmart, Inc. 4.90% 4/28/2035  | 1200 | 1235 |
|  |  | 145405 |
| **Real estate 3.89%** |  |  |
| Anywhere Real Estate Group, LLC 5.25% 4/15/2030 <sup>(c)</sup>  | 2790 | 2607 |
| Boston Properties, LP 2.55% 4/1/2032  | 2922 | 2528 |
| Boston Properties, LP 2.45% 10/1/2033  | 3878 | 3175 |
| Boston Properties, LP 6.50% 1/15/2034  | 1984 | 2141 |
| Boston Properties, LP 5.75% 1/15/2035  | 9062 | 9268 |
| Brookfield Property REIT, Inc. 5.75% 5/15/2026 <sup>(c)</sup>  | 504 | 503 |
| Fideicomiso Fibra Uno 7.70% 1/23/2032 <sup>(c)</sup>  | 280 | 303 |
| Forestar Group, Inc. 6.50% 3/15/2033 <sup>(c)</sup>  | 1385 | 1418 |
| Highwoods Realty, LP 7.65% 2/1/2034  | 3155 | 3583 |
| Howard Hughes Corp. (The) 5.375% 8/1/2028 <sup>(c)</sup>  | 5 | 5 |
| Howard Hughes Corp. (The) 4.125% 2/1/2029 <sup>(c)</sup>  | 6100 | 5857 |
| Howard Hughes Corp. (The) 4.375% 2/1/2031 <sup>(c)</sup>  | 3811 | 3576 |
| Hudson Pacific Properties, LP 4.65% 4/1/2029  | 500 | 466 |
| Hudson Pacific Properties, LP 3.25% 1/15/2030  | 5635 | 4845 |
| Iron Mountain, Inc. 5.25% 7/15/2030 <sup>(c)</sup>  | 335 | 332 |
| Iron Mountain, Inc. 6.25% 1/15/2033 <sup>(c)</sup>  | 1500 | 1530 |
| Kennedy-Wilson, Inc. 4.75% 3/1/2029  | 2809 | 2686 |
| Kennedy-Wilson, Inc. 4.75% 2/1/2030  | 5060 | 4729 |
| Kennedy-Wilson, Inc. 5.00% 3/1/2031  | 9500 | 8844 |
| Kilroy Realty, LP 5.875% 10/15/2035  | 2355 | 2388 |
| Kilroy Realty, LP 6.25% 1/15/2036  | 673 | 697 |
| Ladder Capital Finance Holdings LLLP 5.50% 8/1/2030  | 1190 | 1214 |
| MPT Operating Partnership, LP 5.00% 10/15/2027  | 10928 | 10597 |
| MPT Operating Partnership, LP 3.50% 3/15/2031  | 3440 | 2533 |
| MPT Operating Partnership, LP 8.50% 2/15/2032 <sup>(c)</sup>  | 13497 | 14352 |
| Park Intermediate Holdings, LLC 4.875% 5/15/2029 <sup>(c)</sup>  | 5977 | 5832 |
| Pebblebrook Hotel, LP 6.375% 10/15/2029 <sup>(c)</sup>  | 345 | 350 |
| Prologis, LP 4.75% 6/15/2033  | 1110 | 1120 |
| Prologis, LP 5.00% 3/15/2034  | 2025 | 2059 |
| Prologis, LP 5.00% 1/31/2035  | 1072 | 1087 |
| RLJ Lodging Trust, LP 3.75% 7/1/2026 <sup>(c)</sup>  | 140 | 139 |
| Service Properties Trust 4.95% 2/15/2027  | 2066 | 2060 |
| Service Properties Trust 8.00% 9/30/2027 <sup>(c)</sup>  | 1895 | 1673 |
| Service Properties Trust 3.95% 1/15/2028  | 4595 | 4304 |
| Service Properties Trust 8.375% 6/15/2029  | 3920 | 3984 |
| Service Properties Trust 4.95% 10/1/2029  | 4769 | 4207 |
| Service Properties Trust 4.375% 2/15/2030  | 7140 | 6075 |
| Service Properties Trust 8.625% 11/15/2031 <sup>(c)</sup>  | 6377 | 6794 |
| VICI Properties, LP 5.625% 4/1/2035  | 944 | 967 |
|  |  | 130828 |
| **Utilities 3.61%** |  |  |
| Aegea Finance SARL 9.00% 1/20/2031 <sup>(c)</sup>  | 1788 | 1897 |
| AEP Transmission Co., LLC 5.375% 6/15/2035  | 125 | 129 |
| Baltimore Gas and Electric Co. 5.30% 6/1/2034  | 1925 | 2004 |
| CenterPoint Energy Houston Electric, LLC 5.05% 3/1/2035  | 265 | 268 |

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Capital Group U.S. Multi-Sector Income ETF — Page 17 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Utilities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Comision Federal de Electricidad 6.45% 1/24/2035 <sup>(c)</sup>  | USD2,040 | $2082 |
| Consumers Energy Co. 5.05% 5/15/2035  | 2945 | 2998 |
| Duke Energy Carolinas, LLC 5.35% 1/15/2053  | 275 | 270 |
| Duke Energy Corp. 4.50% 8/15/2032  | 329 | 327 |
| Duke Energy Florida, LLC 5.875% 11/15/2033  | 90 | 97 |
| Edison International 4.125% 3/15/2028  | 575 | 565 |
| Edison International 5.25% 11/15/2028  | 750 | 756 |
| Edison International 5.45% 6/15/2029  | 1245 | 1255 |
| Edison International 6.95% 11/15/2029  | 1350 | 1434 |
| Edison International 6.25% 3/15/2030  | 1000 | 1040 |
| Edison International 5.25% 3/15/2032  | 6380 | 6324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Edison International, junior subordinated, 7.875% 6/15/2054 (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 3.658% on 6/15/2029) <sup>(d)</sup>  | 2590 | 2643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electricite de France SA 9.125% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T <br> Note Constant Maturity + 5.411% on 6/15/2033) <sup>(c)(d)</sup>  | 2750 | 3191 |
| Florida Power & Light Co. 5.30% 6/15/2034  | 4750 | 4958 |
| Ithaca Energy (North sea) PLC 8.125% 10/15/2029 <sup>(c)</sup>  | 565 | 592 |
| Long Ridge Energy, LLC 8.75% 2/15/2032 <sup>(c)</sup>  | 5307 | 5459 |
| MI Windows and Doors, LLC, Term Loan B3, (3-month USD CME Term SOFR + 2.75%) 6.913% 3/28/2031 <sup>(a)(b)</sup>  | 232 | 233 |
| NextEra Energy Capital Holdings, Inc. 4.685% 9/1/2027  | 275 | 278 |
| Northern States Power Co. 5.65% 5/15/2055  | 360 | 370 |
| Pacific Gas and Electric Co. 3.00% 6/15/2028  | 220 | 212 |
| Pacific Gas and Electric Co. 4.55% 7/1/2030  | 74 | 74 |
| Pacific Gas and Electric Co. 3.25% 6/1/2031  | 420 | 386 |
| Pacific Gas and Electric Co. 6.15% 1/15/2033  | 1000 | 1059 |
| Pacific Gas and Electric Co. 6.40% 6/15/2033  | 6245 | 6716 |
| Pacific Gas and Electric Co. 5.70% 3/1/2035  | 1050 | 1076 |
| Pacific Gas and Electric Co. 3.30% 8/1/2040  | 135 | 102 |
| Pacific Gas and Electric Co. 4.95% 7/1/2050  | 7113 | 6110 |
| Pacific Gas and Electric Co. 3.50% 8/1/2050  | 10115 | 6911 |
| Pacific Gas and Electric Co. 6.70% 4/1/2053  | 930 | 996 |
| Pacific Gas and Electric Co. 5.90% 10/1/2054  | 605 | 590 |
| PacifiCorp 5.45% 2/15/2034  | 3410 | 3495 |
| PacifiCorp 3.30% 3/15/2051  | 695 | 459 |
| PacifiCorp 2.90% 6/15/2052  | 1508 | 921 |
| PacifiCorp 5.35% 12/1/2053  | 754 | 696 |
| PacifiCorp 5.50% 5/15/2054  | 366 | 346 |
| PacifiCorp 5.80% 1/15/2055  | 3375 | 3311 |
| PG&E Corp. 5.25% 7/1/2030  | 4345 | 4288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PG&E Corp., junior subordinated, 7.375% 3/15/2055 (5-year UST Yield Curve Rate T Note Constant Maturity + <br> 3.883% on 3/15/2030) <sup>(d)</sup>  | 5709 | 5875 |
| Public Service Electric and Gas Co. 5.05% 3/1/2035  | 1800 | 1837 |
| Public Service Electric and Gas Co. 4.90% 8/15/2035  | 1236 | 1246 |
| Public Service Enterprise Group, Inc. 5.40% 3/15/2035  | 705 | 727 |
| Southern California Edison Co. 5.65% 10/1/2028  | 300 | 310 |
| Southern California Edison Co. 2.50% 6/1/2031  | 645 | 572 |
| Southern California Edison Co. 5.20% 6/1/2034  | 4280 | 4258 |
| Southern California Edison Co. 4.00% 4/1/2047  | 219 | 166 |
| Southern California Edison Co. 3.65% 2/1/2050  | 7813 | 5468 |
| Southern California Edison Co. 2.95% 2/1/2051  | 378 | 232 |
| Southern California Edison Co. 5.75% 4/15/2054  | 3916 | 3710 |
| Southern California Edison Co. 5.90% 3/1/2055  | 4550 | 4422 |
| Southern California Edison Co. 6.20% 9/15/2055  | 700 | 707 |
| Talen Energy Supply, LLC 8.625% 6/1/2030 <sup>(c)</sup>  | 4519 | 4800 |

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Capital Group U.S. Multi-Sector Income ETF — Page 18 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Utilities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Talen Energy Supply, LLC, Term Loan B, (3-month USD CME Term SOFR + 2.50%) 6.733% 5/17/2030 <sup>(a)(b)</sup>  | USD64 | $64 |
| Tampa Electric Co. 5.15% 3/1/2035  | 2475 | 2511 |
| Union Electric Co. 5.25% 4/15/2035  | 2640 | 2724 |
| Union Electric Co. 5.125% 3/15/2055  | 50 | 47 |
| Xcel Energy, Inc. 5.50% 3/15/2034  | 44 | 45 |
| Xcel Energy, Inc. 5.60% 4/15/2035  | 2619 | 2717 |
| YPF Energia Electrica SA 7.875% 10/16/2032 <sup>(c)</sup>  | 2245 | 2170 |
|  |  | 121526 |
| **Municipals 0.01%** |  |  |
| Texas Combined Tirz I, LLC 0% 12/7/2062 <sup>(c)(e)</sup>  | 393 | 393 |
| **Total corporate bonds, notes & loans** |  | 2380578 |
| **Mortgage-backed obligations 18.48%**<br> **Commercial mortgage-backed securities 10.18%**<br>|  |  |
| 3650R Commercial Mortgage Trust, Series 2022-PF2, Class B, 5.291% 11/15/2055 <sup>(b)(h)</sup>  | 634 | 616 |
| ALA Trust, Series 2025-OANA, Class C, (1-month USD CME Term SOFR + 2.092%) 6.243% 6/15/2030 <sup>(b)(c)(h)</sup>  | 7426 | 7501 |
| Atrium Hotel Portfolio Trust, Series 2024-ATRM, Class D, 7.679% 11/10/2029 <sup>(b)(c)(h)</sup>  | 6887 | 7022 |
| Bank Commercial Mortgage Trust, Series 2022-BNK44, Class B, 5.746% 11/15/2032 <sup>(b)(h)</sup>  | 556 | 565 |
| Bank Commercial Mortgage Trust, Series 2022-BNK44, Class C, 5.746% 11/15/2032 <sup>(b)(h)</sup>  | 500 | 492 |
| Bank Commercial Mortgage Trust, Series 2023-BNK45, Class B, 6.148% 2/15/2056 <sup>(b)(h)</sup>  | 375 | 391 |
| Bank Commercial Mortgage Trust, Series 2023-BNK45, Class C, 6.28% 2/15/2056 <sup>(b)(h)</sup>  | 102 | 104 |
| Bank Commercial Mortgage Trust, Series 2023-5YR1, Class B, 6.409% 3/15/2056 <sup>(b)(h)</sup>  | 400 | 413 |
| Bank Commercial Mortgage Trust, Series 2023-5YR2, Class AS, 7.379% 6/15/2028 <sup>(b)(h)</sup>  | 267 | 283 |
| Bank Commercial Mortgage Trust, Series 2023-BNK46, Class C, 6.774% 8/15/2056 <sup>(b)(h)</sup>  | 493 | 518 |
| Bank Commercial Mortgage Trust, Series 2023-BNK46, Class B, 6.774% 8/15/2056 <sup>(b)(h)</sup>  | 380 | 407 |
| Bank Commercial Mortgage Trust, Series 2023-5YR4, Class B, 7.605% 12/15/2056 <sup>(b)(h)</sup>  | 598 | 641 |
| Bank Commercial Mortgage Trust, Series 2024-5YR9, Class B, 6.483% 8/15/2057 <sup>(b)(h)</sup>  | 3265 | 3407 |
| Bank Commercial Mortgage Trust, Series 2024-5YR11, Class B, 6.533% 11/15/2057 <sup>(b)(h)</sup>  | 1972 | 2055 |
| Bank Commercial Mortgage Trust, Series 2024-5YR11, Class C, 6.533% 11/15/2057 <sup>(b)(h)</sup>  | 629 | 640 |
| Bank Commercial Mortgage Trust, Series 2024-5YR12, Class B, 6.277% 12/15/2057 <sup>(b)(h)</sup>  | 3644 | 3800 |
| Bank Commercial Mortgage Trust, Series 2024-5YR12, Class C, 6.50% 12/15/2057 <sup>(b)(h)</sup>  | 1961 | 2020 |
| Bank Commercial Mortgage Trust, Series 2025-5YR14, Class C, 6.463% 4/15/2058 <sup>(b)(h)</sup>  | 779 | 801 |
| Bank Commercial Mortgage Trust, Series 2025-5YR14, Class B, 6.474% 4/15/2058 <sup>(b)(h)</sup>  | 1747 | 1831 |
| Bank Commercial Mortgage Trust, Series 2019-BN18, Class C, 4.21% 5/15/2062 <sup>(b)(h)</sup>  | 500 | 420 |
| Bank5, Series 2025-5YR17, Class B, 5.992% 11/15/2058 <sup>(b)(h)</sup>  | 1996 | 2061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays Commercial Mortgage Securities, LLC, Series 2018-TALL, Class A, ((1-month USD CME Term SOFR + <br> 0.047%) + 0.872%) 5.069% 3/15/2037 <sup>(b)(c)(h)</sup>  | 1600 | 1519 |
| Barclays Commercial Mortgage Securities, LLC, Series 2022-C15, Class C, 3.931% 4/15/2055 <sup>(b)(h)</sup>  | 5684 | 4845 |
| Barclays Commercial Mortgage Securities, LLC, Series 2022-C18, Class C, 6.168% 12/15/2055 <sup>(b)(h)</sup>  | 1008 | 1029 |
| Barclays Commercial Mortgage Securities, LLC, Series 2023-C19, Class AS, 6.07% 4/15/2056 <sup>(b)(h)</sup>  | 148 | 155 |
| Barclays Commercial Mortgage Securities, LLC, Series 2023-C20, Class C, 6.611% 7/15/2056 <sup>(b)(h)</sup>  | 470 | 484 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-C24, Class C, 6.00% 2/15/2057 <sup>(h)</sup>  | 207 | 208 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-C26, Class C, 6.00% 5/15/2057 <sup>(b)(h)</sup>  | 286 | 290 |
| Barclays Commercial Mortgage Securities, LLC, Series 24-5C27, Class B, 6.70% 7/15/2057 <sup>(b)(h)</sup>  | 2530 | 2654 |
| Barclays Commercial Mortgage Securities, LLC, Series 24-C28, Class B, 5.894% 9/15/2057 <sup>(b)(h)</sup>  | 2670 | 2744 |
| Barclays Commercial Mortgage Securities, LLC, Series 2025-5C33, Class B, 6.435% 3/15/2058 <sup>(b)(h)</sup>  | 3571 | 3742 |
| Barclays Commercial Mortgage Securities, LLC, Series 2025-5C34, Class B, 6.542% 5/15/2058 <sup>(b)(h)</sup>  | 1182 | 1245 |
| Barclays Commercial Mortgage Securities, LLC, Series 2025-C32, Class C, 6.125% 2/15/2062 <sup>(h)</sup>  | 3421 | 3474 |
| Benchmark Mortgage Trust, Series 2021-B24, Class C, 3.293% 3/15/2054 <sup>(b)(h)</sup>  | 980 | 752 |
| Benchmark Mortgage Trust, Series 2023-B38, Class AM, 6.12% 4/15/2056 <sup>(b)(h)</sup>  | 226 | 237 |
| Benchmark Mortgage Trust, Series 2024-V7, Class AS, 6.533% 6/15/2029 <sup>(h)</sup>  | 1074 | 1133 |
| Benchmark Mortgage Trust, Series 2023-V3, Class B, 6.924% 7/15/2056 <sup>(h)</sup>  | 500 | 519 |
| Benchmark Mortgage Trust, Series 2023-B40, Class B, 6.58% 12/15/2056 <sup>(b)(h)</sup>  | 893 | 945 |

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Capital Group U.S. Multi-Sector Income ETF — Page 19 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Benchmark Mortgage Trust, Series 2024-V5, Class AM, 6.417% 1/10/2057 <sup>(h)</sup>  | USD403 | $422 |
| Benchmark Mortgage Trust, Series 2024-V5, Class C, 6.973% 1/10/2057 <sup>(b)(h)</sup>  | 101 | 104 |
| Benchmark Mortgage Trust, Series 2024-V8, Class B, 6.947% 7/15/2057 <sup>(b)(h)</sup>  | 1897 | 2015 |
| Benchmark Mortgage Trust, Series 2024-V9, Class B, 6.466% 8/15/2057 <sup>(h)</sup>  | 1300 | 1353 |
| Benchmark Mortgage Trust, Series 2024-V10, Class B, 5.977% 9/15/2057 <sup>(b)(h)</sup>  | 3000 | 3073 |
| Benchmark Mortgage Trust, Series 2024-V12, Class B, 6.282% 12/15/2057 <sup>(b)(h)</sup>  | 5000 | 5184 |
| Benchmark Mortgage Trust, Series 2025-V15, Class B, 6.425% 6/15/2058 <sup>(b)(h)</sup>  | 1854 | 1938 |
| BFLD Trust, Series 2025-5MW, Class A, 4.674% 10/10/2042 <sup>(b)(c)(h)</sup>  | 9148 | 9134 |
| BFLD Trust, Series 2025-5MW, Class D, 6.371% 10/10/2042 <sup>(b)(c)(h)</sup>  | 790 | 796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BLP Commercial Mortgage Trust, Series 2024-IND2, Class D, (1-month USD CME Term SOFR + 2.59%) 6.741% <br> 3/15/2041 <sup>(b)(c)(h)</sup>  | 1600 | 1601 |
| BMO Mortgage Trust, Series 2023-5C1, Class B, 6.96% 8/15/2056 <sup>(b)(h)</sup>  | 1052 | 1100 |
| BMO Mortgage Trust, Series 2023-5C1, Class C, 7.355% 8/15/2056 <sup>(b)(h)</sup>  | 403 | 417 |
| BMO Mortgage Trust, Series 2024-5C3, Class D, 4.00% 2/15/2057 <sup>(c)(h)</sup>  | 167 | 150 |
| BMO Mortgage Trust, Series 2024-5C3, Class AS, 6.286% 2/15/2057 <sup>(b)(h)</sup>  | 196 | 204 |
| BMO Mortgage Trust, Series 2024-5C5, Class B, 6.98% 2/15/2057 <sup>(b)(h)</sup>  | 2268 | 2374 |
| BMO Mortgage Trust, Series 2024-5C3, Class C, 6.859% 2/15/2057 <sup>(b)(h)</sup>  | 89 | 91 |
| BMO Mortgage Trust, Series 2024-5C5, Class C, 7.112% 2/15/2057 <sup>(b)(h)</sup>  | 2836 | 2942 |
| BMO Mortgage Trust, Series 2024-5C4, Class C, 7.252% 5/15/2057 <sup>(b)(h)</sup>  | 854 | 884 |
| BMO Mortgage Trust, Series 2024-C9, Class B, 6.561% 7/15/2057 <sup>(b)(h)</sup>  | 1897 | 2013 |
| BMO Mortgage Trust, Series 2024-5C6, Class B, 6.086% 9/15/2057 <sup>(b)(h)</sup>  | 1641 | 1692 |
| BMO Mortgage Trust, Series 2024-C10, Class AS, 5.729% 11/15/2057 <sup>(b)(h)</sup>  | 396 | 410 |
| BMO Mortgage Trust, Series 2024-C10, Class B, 6.079% 11/15/2057 <sup>(b)(h)</sup>  | 771 | 793 |
| BMP Trust, Series 2024-MF23, Class E, (1-month USD CME Term SOFR + 3.389%) 7.539% 6/15/2041 <sup>(b)(c)(h)</sup>  | 2809 | 2816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boca Commercial Mortgage Trust, Series 2024-BOCA, Class B, (1-month USD CME Term SOFR + 2.839%) 6.99% <br> 8/15/2041 <sup>(b)(c)(h)</sup>  | 2915 | 2938 |
| BX Trust, Series 2024-KING, Class C, (1-month USD CME Term SOFR + 1.94%) 6.091% 5/15/2034 <sup>(b)(c)(h)</sup>  | 2663 | 2670 |
| BX Trust, Series 2024-KING, Class D, (1-month USD CME Term SOFR + 2.49%) 6.64% 5/15/2034 <sup>(b)(c)(h)</sup>  | 738 | 742 |
| BX Trust, Series 2021-VOLT, Class D, (1-month USD CME Term SOFR + 1.764%) 5.915% 9/15/2036 <sup>(b)(c)(h)</sup>  | 3831 | 3822 |
| BX Trust, Series 2021-VOLT, Class E, (1-month USD CME Term SOFR + 2.114%) 6.265% 9/15/2036 <sup>(b)(c)(h)</sup>  | 688 | 687 |
| BX Trust, Series 2022-AHP, Class A, (1-month USD CME Term SOFR + 0.99%) 5.14% 1/17/2039 <sup>(b)(c)(h)</sup>  | 769 | 769 |
| BX Trust, Series 2024-AIRC, Class D, (1-month USD CME Term SOFR + 3.089%) 7.24% 8/15/2039 <sup>(b)(c)(h)</sup>  | 3745 | 3763 |
| BX Trust, Series 24-VLT4, Class E, (1-month USD CME Term SOFR + 2.889%) 7.04% 6/15/2041 <sup>(b)(c)(h)</sup>  | 10367 | 10403 |
| BX Trust, Series 2024-AIR2, Class D, (1-month USD CME Term SOFR + 2.79%) 6.941% 10/15/2041 <sup>(b)(c)(h)</sup>  | 2825 | 2839 |
| BX Trust, Series 2024-GPA2, Class A, (1-month USD CME Term SOFR + 1.542%) 5.692% 11/15/2041 <sup>(b)(c)(h)</sup>  | 2355 | 2363 |
| BX Trust, Series 2024-GPA2, Class D, (1-month USD CME Term SOFR + 2.591%) 6.741% 11/15/2041 <sup>(b)(c)(h)</sup>  | 342 | 343 |
| BX Trust, Series 2024-FNX, Class D, (1-month USD CME Term SOFR + 2.94%) 7.09% 11/15/2041 <sup>(b)(c)(h)</sup>  | 7191 | 7221 |
| BX Trust, Series 2024-GPA2, Class E, (1-month USD CME Term SOFR + 3.54%) 7.69% 11/15/2041 <sup>(b)(c)(h)</sup>  | 2044 | 2050 |
| BX Trust, Series 2025-BIO3, Class D, 7.193% 2/10/2042 <sup>(b)(c)(h)</sup>  | 7679 | 7654 |
| BX Trust, Series 2025-BIO3, Class C, 7.193% 2/10/2042 <sup>(b)(c)(h)</sup>  | 1385 | 1418 |
| BX Trust, Series 2025-VLT6, Class C, (1-month USD CME Term SOFR + 2.192%) 6.342% 3/15/2042 <sup>(b)(c)(h)</sup>  | 5373 | 5378 |
| BX Trust, Series 2025-VLT6, Class D, (1-month USD CME Term SOFR + 2.592%) 6.742% 3/15/2042 <sup>(b)(c)(h)</sup>  | 3282 | 3286 |
| BX Trust, Series 2025-GW, Class C, (1-month USD CME Term SOFR + 2.10%) 6.25% 7/15/2042 <sup>(b)(c)(h)</sup>  | 5520 | 5547 |
| BX Trust, Series 2020-VIV4, Class A, 2.843% 3/9/2044 <sup>(c)(h)</sup>  | 500 | 462 |
| BX Trust, Series 2020-VIV2, Class C, 3.66% 3/9/2044 <sup>(b)(c)(h)</sup>  | 500 | 465 |
| BX Trust, Series 2020-VIV3, Class B, 3.662% 3/9/2044 <sup>(b)(c)(h)</sup>  | 495 | 465 |
| BX Trust, Series 2025-VLT7, Class A, (1-month USD CME Term SOFR + 1.70%) 5.85% 7/15/2044 <sup>(b)(c)(h)</sup>  | 4000 | 4017 |
| BX Trust, Series 2025-VLT7, Class B, (1-month USD CME Term SOFR + 2.00%) 6.15% 7/15/2044 <sup>(b)(c)(h)</sup>  | 4325 | 4350 |
| BX Trust, Series 2025-VLT7, Class C, (1-month USD CME Term SOFR + 2.35%) 6.50% 7/15/2044 <sup>(b)(c)(h)</sup>  | 3997 | 4021 |
| CART, Series 2024-DFW1, Class D, (1-month USD CME Term SOFR + 3.04%) 7.403% 8/15/2041 <sup>(b)(c)(h)</sup>  | 2884 | 2889 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class D, 6.048% 6/10/2028 <sup>(b)(c)(h)</sup>  | 1129 | 1127 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class C, 6.048% 10/12/2040 <sup>(b)(c)(h)</sup>  | 245 | 248 |
| Citigroup Commercial Mortgage Trust, Series 2020-GC46, Class B, 3.15% 2/15/2053 <sup>(b)(h)</sup>  | 140 | 124 |
| DATA 2023-CNTR Mortgage Trust, Series 2023-CNTR, Class D, 5.919% 8/12/2043 <sup>(b)(c)(h)</sup>  | 664 | 626 |

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Capital Group U.S. Multi-Sector Income ETF — Page 20 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| DC Commercial Mortgage Trust, Series 2023-DC, Class D, 7.14% 9/12/2040 <sup>(b)(c)(h)</sup>  | USD1,546 | $1576 |
| Durst Commercial Mortgage Trust, Series 2025-151, Class A, 5.317% 8/10/2042 <sup>(b)(c)(h)</sup>  | 4374 | 4464 |
| ELM Trust 2024, Series 2024-ELM, Class D10, 6.626% 6/10/2039 <sup>(b)(c)(h)</sup>  | 744 | 749 |
| ELM Trust 2024, Series 2024-ELM, Class D15, 6.674% 6/10/2039 <sup>(b)(c)(h)</sup>  | 669 | 674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, Class A, (1-month USD CME Term SOFR + 1.30%) 5.45% <br> 10/15/2042 <sup>(b)(c)(h)</sup>  | 2654 | 2657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, Class D, (1-month USD CME Term SOFR + 2.60%) 6.75% <br> 10/15/2042 <sup>(b)(c)(h)</sup>  | 2914 | 2921 |
| FIVE Mortgage Trust, Series 2023-V1, Class B, 6.296% 2/10/2056 <sup>(b)(h)</sup>  | 495 | 509 |
| FIVE Mortgage Trust, Series 2023-V1, Class C, 6.296% 2/10/2056 <sup>(b)(h)</sup>  | 195 | 197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class F, (1-month USD CME Term SOFR + 4.25%) 8.40% <br> 12/15/2039 <sup>(b)(c)(h)</sup>  | 4390 | 4417 |
| FS Commercial Mortgage Trust, Series 2023-4SZN, Class D, 9.08% 11/10/2039 <sup>(b)(c)(h)</sup>  | 3655 | 3760 |
| Great Wolf Trust, Series 2024-WOLF, Class C, (1-month USD CME Term SOFR + 2.391%) 6.541% 3/15/2039 <sup>(b)(c)(h)</sup>  | 2642 | 2658 |
| Great Wolf Trust, Series 2024-WOLF, Class D, (1-month USD CME Term SOFR + 2.89%) 7.04% 3/15/2039 <sup>(b)(c)(h)</sup>  | 960 | 967 |
| GS Mortgage Securities Trust, Series 2024-70P, Class A, 5.487% 3/10/2041 <sup>(b)(c)(h)</sup>  | 670 | 673 |
| GS Mortgage Securities Trust, Series 2024-70P, Class B, 5.887% 3/10/2041 <sup>(b)(c)(h)</sup>  | 380 | 382 |
| GS Mortgage Securities Trust, Series 2024-70P, Class C, 6.084% 3/10/2041 <sup>(b)(c)(h)</sup>  | 1885 | 1883 |
| GS Mortgage Securities Trust, Series 2024-70P, Class D, 7.531% 3/10/2041 <sup>(b)(c)(h)</sup>  | 2897 | 2947 |
| GS Mortgage Securities Trust, Series 2019-GC40, Class C, 3.946% 7/10/2052 <sup>(h)</sup>  | 900 | 748 |
| GS Mortgage Securities Trust, Series 2020-GSA2, Class C, 2.989% 12/12/2053 <sup>(h)</sup>  | 2950 | 2347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, Series 2025-MAUI, Class C, (1-month USD CME Term SOFR + 2.042%) 6.192% <br>3/15/2042 <sup>(b)(c)(h)</sup>  | 281 | 282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, Series 2025-MAUI, Class D, (1-month USD CME Term SOFR + 2.591%) 6.741% <br>3/15/2042 <sup>(b)(c)(h)</sup>  | 1630 | 1637 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class E, (1-month USD CME Term SOFR + 3.29%) 7.44% 3/15/2042 <sup>(b)(c)(h)</sup>  | 2938 | 2883 |
| Hilton USA Trust, Series 2024-ORL, Class B, (1-month USD CME Term SOFR + 1.941%) 6.091% 5/15/2037 <sup>(b)(c)(h)</sup>  | 2000 | 2006 |
| Hilton USA Trust, Series 2024-ORL, Class C, (1-month USD CME Term SOFR + 2.44%) 6.59% 5/15/2037 <sup>(b)(c)(h)</sup>  | 2324 | 2332 |
| Houston Galleria Mall Trust, Series 2025-HGLR, Class A, 5.644% 2/5/2045 <sup>(b)(c)(h)</sup>  | 1076 | 1115 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class C, 7.324% 5/10/2039 <sup>(b)(c)(h)</sup>  | 945 | 964 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class D, 8.471% 5/10/2039 <sup>(b)(c)(h)</sup>  | 2026 | 2082 |
| Hudson Yards Mortgage Trust, Series 2025-SPRL, Class E, 6.901% 1/13/2040 <sup>(b)(c)(h)</sup>  | 7070 | 7337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INTOWN Mortgage Trust, Series 2025-STAY, Class C, (1-month USD CME Term SOFR + 2.25%) 6.40% <br>3/15/2042 <sup>(b)(c)(h)</sup>  | 6000 | 6002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INTOWN Mortgage Trust, Series 2025-STAY, Class D, (1-month USD CME Term SOFR + 2.85%) 7.00% <br>3/15/2042 <sup>(b)(c)(h)</sup>  | 6000 | 6008 |
| Invitation Homes Trust, Series 2024-SFR1, Class F, 4.50% 9/17/2041 <sup>(c)(h)</sup>  | 3572 | 3338 |
| Invitation Homes Trust, Series 2024-SFR1, Class E, 4.50% 9/17/2041 <sup>(c)(h)</sup>  | 2034 | 1937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JW Commercial Mortgage Trust 2024-MRCO, Series 2024-BERY, Class A, (1-month USD CME Term SOFR + <br> 1.593%) 5.743% 11/15/2039 <sup>(b)(c)(h)</sup>  | 1381 | 1385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JW Commercial Mortgage Trust 2024-MRCO, Series 2024-BERY, Class B, (1-month USD CME Term SOFR + <br> 1.942%) 6.092% 11/15/2039 <sup>(b)(c)(h)</sup>  | 2500 | 2509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JW Commercial Mortgage Trust 2024-MRCO, Series 2024-BERY, Class C, (1-month USD CME Term SOFR + <br> 2.242%) 6.392% 11/15/2039 <sup>(b)(c)(h)</sup>  | 942 | 946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KSL Commercial Mortgage Trust, Series 2024-HT2, Class D, (1-month USD CME Term SOFR + 3.29%) 7.44% <br> 12/15/2039 <sup>(b)(c)(h)</sup>  | 4000 | 4005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KSL Commercial Mortgage Trust, Series 2024-HT2, Class E, (1-month USD CME Term SOFR + 4.538%) 8.688% <br> 12/15/2039 <sup>(b)(c)(h)</sup>  | 5000 | 5025 |
| LV Trust, Series 2024-SHOW, Class C, 6.276% 10/10/2041 <sup>(b)(c)(h)</sup>  | 1619 | 1632 |
| Manhattan West, Series 2020-1MW, Class C, 2.413% 9/10/2039 <sup>(b)(c)(h)</sup>  | 2942 | 2798 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class AS, 3.561% 4/15/2048 <sup>(h)</sup>  | 483 | 466 |
| MSWF Commercial Mortgage Trust, Series 2023-1, Class B, 6.906% 5/15/2033 <sup>(b)(h)</sup>  | 410 | 438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2020-1, Class M10, (30-day Average USD-SOFR + 3.864%) <br> 8.221% 3/25/2050 <sup>(b)(c)(h)</sup>  | 1178 | 1202 |

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Capital Group U.S. Multi-Sector Income ETF — Page 21 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2023-01, Class M7, (30-day Average USD-SOFR + 4.00%) <br> 8.356% 11/25/2053 <sup>(b)(c)(h)</sup>  | USD1,489 | $1554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2023-01, Class M10, (30-day Average USD-SOFR + 6.50%) <br> 10.856% 11/25/2053 <sup>(b)(c)(h)</sup>  | 4882 | 5528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2025-01, Class M1, (30-day Average USD-SOFR + 2.40%) <br> 6.756% 5/25/2055 <sup>(b)(c)(h)</sup>  | 4965 | 4997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2025-01, Class M2, (30-day Average USD-SOFR + 3.10%) <br> 7.456% 5/25/2055 <sup>(b)(c)(h)</sup>  | 1291 | 1301 |
| NY Commercial Mortgage Trust, Series 2025-299P, Class A, 5.664% 2/10/2047 <sup>(b)(c)(h)</sup>  | 475 | 500 |
| NY Commercial Mortgage Trust, Series 2025-299P, Class B, 5.928% 2/10/2047 <sup>(b)(c)(h)</sup>  | 456 | 475 |
| NY Commercial Mortgage Trust, Series 2025-299P, Class C, 6.172% 2/10/2047 <sup>(b)(c)(h)</sup>  | 527 | 544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NYC Commercial Mortgage Trust, Series 2025-3BP, Class C, (1-month USD CME Term SOFR + 1.892%) 6.042% <br> 2/15/2042 <sup>(b)(c)(h)</sup>  | 1329 | 1330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NYC Commercial Mortgage Trust, Series 2025-3BP, Class D, (1-month USD CME Term SOFR + 2.441%) 6.591% <br> 2/15/2042 <sup>(b)(c)(h)</sup>  | 1824 | 1817 |
| SCG Hotel Issuer, Inc., Series 2025-SNIP, Class A, 5.75% 9/15/2042 <sup>(b)(c)(h)</sup>  | 8227 | 8263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SDR Commercial Mortgage Trust, Series 2024-DSNY, Class B, (1-month USD CME Term SOFR + 1.741%) 5.891% <br> 5/15/2039 <sup>(b)(c)(h)</sup>  | 486 | 485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFO Commerical Mortgage Trust, Series 2021-555, Class A, (1-month USD CME Term SOFR + 1.264%) 5.42% <br> 5/15/2038 (1-month USD CME Term SOFR + 1.514% on 5/15/2026) <sup>(c)(d)(h)</sup>  | 3395 | 3373 |
| SHR Trust, Series 2024-LXRY, Class D, (1-month USD CME Term SOFR + 3.60%) 7.75% 10/15/2041 <sup>(b)(c)(h)</sup>  | 1901 | 1920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class D, (1-month USD CME Term SOFR + 1.95%) <br> 6.10% 1/15/2039 <sup>(b)(c)(h)</sup>  | 2000 | 1991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust, Series 2025-DATA, Class D, (1-month USD CME Term SOFR + 2.591%) <br> 6.791% 2/15/2042 <sup>(b)(c)(h)</sup>  | 4894 | 4882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust, Series 2025-DATA, Class E, (1-month USD CME Term SOFR + 3.29%) 7.49% <br> 2/15/2042 <sup>(b)(c)(h)</sup>  | 6182 | 6174 |
| UBS Commercial Mortgage Trust, Series 2017-C1, Class AS, 3.724% 6/15/2050 <sup>(c)(h)</sup>  | 1915 | 1871 |
| UBS Commercial Mortgage Trust, Series 2017-C3, Class C, 4.356% 8/15/2050 <sup>(b)(h)</sup>  | 791 | 736 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-1918, Class A, 5.575% 9/15/2040 <sup>(b)(c)(h)</sup>  | 1658 | 1671 |
| Wells Fargo Commercial Mortgage Trust, Series 2016-C35, Class C, 4.176% 7/15/2048 <sup>(b)(h)</sup>  | 3000 | 2944 |
| Wells Fargo Commercial Mortgage Trust, Series 2018-C46, Class B, 4.633% 8/15/2051 <sup>(h)</sup>  | 967 | 931 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C1, Class B, 6.821% 7/15/2057 <sup>(b)(h)</sup>  | 3600 | 3774 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C2, Class B, 6.333% 11/15/2057 <sup>(b)(h)</sup>  | 903 | 941 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-5C4, Class B, 6.394% 5/15/2058 <sup>(h)</sup>  | 1033 | 1081 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-5C5, Class B, 6.219% 7/15/2058 <sup>(b)(h)</sup>  | 1000 | 1039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WMRK Commercial Mortgage Trust, Series 2022-WMRK, Class A, (1-month USD CME Term SOFR + 2.789%) <br> 6.939% 11/15/2027 <sup>(b)(c)(h)</sup>  | 412 | 414 |
| WSTN Trust, Series 2023-MAUI, Class B, 7.018% 7/5/2037 <sup>(b)(c)(h)</sup>  | 260 | 265 |
| WSTN Trust, Series 2023-MAUI, Class C, 7.69% 7/5/2037 <sup>(b)(c)(h)</sup>  | 148 | 151 |
| WSTN Trust, Series 2023-MAUI, Class D, 8.455% 7/5/2037 <sup>(b)(c)(h)</sup>  | 2516 | 2534 |
|  |  | 342500 |
| **Federal agency mortgage-backed obligations 5.70%** |  |  |
| Fannie Mae Pool #DA5999 5.50% 3/1/2054 <sup>(h)</sup>  | 29 | 30 |
| Fannie Mae Pool #MA5354 6.00% 5/1/2054 <sup>(h)</sup>  | 15092 | 15437 |
| Fannie Mae Pool #DB5508 5.50% 6/1/2054 <sup>(h)</sup>  | 133 | 134 |
| Fannie Mae Pool #MA5421 6.00% 7/1/2054 <sup>(h)</sup>  | 16652 | 17032 |
| Fannie Mae Pool #FS8600 6.00% 7/1/2054 <sup>(h)</sup>  | 3548 | 3656 |
| Fannie Mae Pool #FS9839 6.00% 8/1/2054 <sup>(h)</sup>  | 264 | 271 |
| Fannie Mae Pool #DC2313 5.50% 9/1/2054 <sup>(h)</sup>  | 42 | 42 |
| Fannie Mae Pool #DC3465 6.00% 9/1/2054 <sup>(h)</sup>  | 332 | 340 |
| Fannie Mae Pool #DC1762 6.00% 10/1/2054 <sup>(h)</sup>  | 939 | 961 |
| Fannie Mae Pool #DC2987 6.00% 10/1/2054 <sup>(h)</sup>  | 244 | 250 |

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Capital Group U.S. Multi-Sector Income ETF — Page 22 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Fannie Mae Pool #MA5531 5.50% 11/1/2054 <sup>(h)</sup>  | USD115 | $116 |
| Fannie Mae Pool #FA0287 6.00% 12/1/2054 <sup>(h)</sup>  | 1957 | 2001 |
| Fannie Mae Pool #DD2543 6.00% 2/1/2055 <sup>(h)</sup>  | 499 | 511 |
| Fannie Mae Pool #MA5615 6.00% 2/1/2055 <sup>(h)</sup>  | 166 | 170 |
| Fannie Mae Pool #MA5647 6.00% 3/1/2055 <sup>(h)</sup>  | 53 | 55 |
| Fannie Mae Pool #MA5674 6.00% 4/1/2055 <sup>(h)</sup>  | 1949 | 1993 |
| Fannie Mae Pool #MA5701 6.00% 5/1/2055 <sup>(h)</sup>  | 7893 | 8069 |
| FARM Mortgage Trust, Series 2024-1, Class B, 5.102% 10/1/2053 <sup>(b)(c)(h)</sup>  | 1331 | 1189 |
| Farmer Mac Agricultural Real Estate Trust, Series 2024-2, Class B, 5.595% 8/1/2054 <sup>(b)(c)(h)</sup>  | 926 | 835 |
| Farmer Mac Agricultural Real Estate Trust, Series 2025-1, Class A1, 5.22% 8/1/2055 <sup>(b)(c)(h)</sup>  | 9642 | 9740 |
| Freddie Mac Pool #SD4669 6.00% 10/1/2053 <sup>(h)</sup>  | 9667 | 9914 |
| Freddie Mac Pool #SD8402 6.00% 2/1/2054 <sup>(h)</sup>  | 8979 | 9189 |
| Freddie Mac Pool #SD8432 6.00% 5/1/2054 <sup>(h)</sup>  | 1006 | 1030 |
| Freddie Mac Pool #SD8438 5.50% 6/1/2054 <sup>(h)</sup>  | 33 | 33 |
| Freddie Mac Pool #RJ2527 5.50% 7/1/2054 <sup>(h)</sup>  | 1586 | 1602 |
| Freddie Mac Pool #SD6143 6.00% 7/1/2054 <sup>(h)</sup>  | 4995 | 5108 |
| Freddie Mac Pool #SD6800 6.00% 8/1/2054 <sup>(h)</sup>  | 8410 | 8640 |
| Freddie Mac Pool #SD7274 6.00% 9/1/2054 <sup>(h)</sup>  | 23 | 24 |
| Freddie Mac Pool #SD6585 5.50% 10/1/2054 <sup>(h)</sup>  | 23 | 23 |
| Freddie Mac Pool #SD8475 5.50% 11/1/2054 <sup>(h)</sup>  | 14015 | 14148 |
| Freddie Mac Pool #SD8495 6.00% 12/1/2054 <sup>(h)</sup>  | 6524 | 6671 |
| Freddie Mac Pool #SD8494 5.50% 1/1/2055 <sup>(h)</sup>  | 535 | 540 |
| Freddie Mac Pool #SD8496 6.00% 1/1/2055 <sup>(h)</sup>  | 235 | 240 |
| Freddie Mac Pool #SD8507 6.00% 2/1/2055 <sup>(h)</sup>  | 7862 | 8044 |
| Freddie Mac Pool #SL0585 5.50% 3/1/2055 <sup>(h)</sup>  | 30 | 30 |
| Freddie Mac Pool #SL0924 6.00% 3/1/2055 <sup>(h)</sup>  | 1450 | 1484 |
| Freddie Mac Pool #QX9674 6.00% 3/1/2055 <sup>(h)</sup>  | 215 | 220 |
| Freddie Mac Pool #SD8525 6.00% 4/1/2055 <sup>(h)</sup>  | 26324 | 26916 |
| Freddie Mac Pool #RQ0022 5.50% 5/1/2055 <sup>(h)</sup>  | 908 | 916 |
| Freddie Mac Pool #SD8534 6.00% 5/1/2055 <sup>(h)</sup>  | 6460 | 6604 |
| Freddie Mac Pool #QY8605 6.00% 7/1/2055 <sup>(h)</sup>  | 6988 | 7148 |
| Uniform Mortgage-Backed Security 6.00% 10/1/2055 <sup>(i)</sup>  | 12026 | 12287 |
| Uniform Mortgage-Backed Security 6.00% 11/1/2055 <sup>(h)(i)</sup>  | 7974 | 8145 |
|  |  | 191788 |
| **Collateralized mortgage-backed obligations (privately originated) 2.60%** |  |  |
| Cascade Funding Mortgage Trust, Series 2023-HB12, Class M1, 4.25% 4/25/2033 <sup>(b)(c)(h)</sup>  | 224 | 222 |
| Cascade Funding Mortgage Trust, Series 2023-HB12, Class A, 4.25% 4/25/2033 <sup>(b)(c)(h)</sup>  | 2 | 2 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class M3, 4.00% 8/25/2034 <sup>(b)(c)(h)</sup>  | 971 | 937 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class M2, 4.00% 8/25/2034 <sup>(b)(c)(h)</sup>  | 637 | 623 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class M1, 4.00% 8/25/2034 <sup>(b)(c)(h)</sup>  | 545 | 537 |
| Cascade Funding Mortgage Trust, Series 2024-RM5, Class A, 4.00% 10/25/2054 <sup>(b)(c)(h)</sup>  | 2133 | 2097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2023-R01, Class 1M1, (30-day Average USD-SOFR + 2.40%) 6.756% <br> 12/25/2042 <sup>(b)(c)(h)</sup>  | 616 | 631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2023-R04, Class 1M2, (30-day Average USD-SOFR + 3.55%) 7.906% <br> 5/25/2043 <sup>(b)(c)(h)</sup>  | 285 | 301 |
| Finance of America Structured Securities Trust, Series 2025-PC1, Class A1, 4.50% 5/25/2075 <sup>(c)(h)</sup>  | 4775 | 4618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class B, (30-day Average USD-SOFR <br> + 9.464%) 13.821% 4/25/2028 <sup>(b)(h)</sup>  | 1584 | 1592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2025-DNA3, Class A1, (30-day Average <br> USD-SOFR + 0.95%) 5.32% 9/25/2045 <sup>(b)(c)(h)</sup>  | 1655 | 1660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2018-DNA3, Class B2, (30-day Average <br> USD-SOFR + 7.864%) 12.221% 9/25/2048 <sup>(b)(c)(h)</sup>  | 2500 | 2893 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (privately originated) (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-HQA1, Class B2, (30-day Average <br> USD-SOFR + 5.214%) 9.571% 1/25/2050 <sup>(b)(c)(h)</sup>  | USD2,000 | $2199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA1, Class B2, (30-day Average <br> USD-SOFR + 5.364%) 9.721% 1/25/2050 <sup>(b)(c)(h)</sup>  | 2240 | 2497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA2, Class B2, (30-day Average <br> USD-SOFR + 4.914%) 9.271% 2/25/2050 <sup>(b)(c)(h)</sup>  | 633 | 692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA4, Class B2, (30-day Average <br> USD-SOFR + 10.114%) 14.471% 8/25/2050 <sup>(b)(c)(h)</sup>  | 6430 | 8626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA5, Class B2, (30-day Average <br> USD-SOFR + 11.50%) 15.839% 10/25/2050 <sup>(b)(c)(h)</sup>  | 3850 | 5391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-HQA5, Class B2, (30-day Average <br> USD-SOFR + 7.40%) 11.756% 11/25/2050 <sup>(b)(c)(h)</sup>  | 1180 | 1448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA6, Class B2, (30-day Average <br> USD-SOFR + 5.65%) 10.006% 12/25/2050 <sup>(b)(c)(h)</sup>  | 425 | 490 |
| GS Mortgage-Backed Securities Trust, Series 2025-RPL3, Class A1, 4.10% 7/25/2065 (5.10% on 6/1/2029) <sup>(c)(d)(h)</sup>  | 4781 | 4660 |
| IRV Trust, Series 2025-200P, Class A, 5.471% 3/14/2047 <sup>(b)(c)(h)</sup>  | 3089 | 3163 |
| IRV Trust, Series 2025-200P, Class B, 5.621% 3/14/2047 <sup>(b)(c)(h)</sup>  | 2750 | 2777 |
| IRV Trust, Series 2025-200P, Class C, 5.921% 3/14/2047 <sup>(b)(c)(h)</sup>  | 3273 | 3261 |
| JP Morgan Mortgage Trust, Series 2024-CES1, Class A3, 6.397% 6/25/2054 (7.397% on 3/1/2028) <sup>(c)(d)(h)</sup>  | 564 | 570 |
| JP Morgan Mortgage Trust, Series 2024-CES1, Class M1, 6.596% 6/25/2054 (7.596% on 3/1/2028) <sup>(c)(d)(h)</sup>  | 458 | 463 |
| NRZ Excess Spread Collateralized Notes, Series 2025-FHT1, Class A, 6.545% 3/25/2032 <sup>(c)(d)(h)</sup>  | 6310 | 6374 |
| Progress Residential Trust, Series 2024-SFR1, Class E1, 3.85% 2/17/2041 <sup>(c)(h)</sup>  | 1131 | 1071 |
| Progress Residential Trust, Series 2024-SFR1, Class E2, 3.85% 2/17/2041 <sup>(c)(h)</sup>  | 465 | 436 |
| Progress Residential Trust, Series 2024-SFR2, Class E1, 3.40% 4/17/2041 <sup>(b)(c)(h)</sup>  | 1073 | 996 |
| Progress Residential Trust, Series 2024-SFR2, Class E2, 3.65% 4/17/2041 <sup>(b)(c)(h)</sup>  | 449 | 417 |
| Progress Residential Trust, Series 2024-SFR3, Class E1, 4.00% 6/17/2041 <sup>(c)(h)</sup>  | 1383 | 1307 |
| Progress Residential Trust, Series 2024-SFR3, Class E2, 4.00% 6/17/2041 <sup>(c)(h)</sup>  | 534 | 501 |
| Progress Residential Trust, Series 2025-SFR1, Class D, 3.65% 2/17/2042 <sup>(c)(d)(h)</sup>  | 1799 | 1684 |
| Progress Residential Trust, Series 2025-SFR3, Class A, 3.39% 7/17/2042 <sup>(c)(h)</sup>  | 3239 | 3071 |
| Sequoia Mortgage Trust, Series 2025-HYB1, Class A1A, 5.069% 10/25/2055 <sup>(b)(c)(h)</sup>  | 8205 | 8249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust, Series 2024-SFR4, Class C, (1-month USD CME Term SOFR + 2.45%) 6.60% <br> 10/17/2041 <sup>(b)(c)(h)</sup>  | 3333 | 3348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust, Series 2024-SFR4, Class D, (1-month USD CME Term SOFR + 2.95%) 7.10% <br> 10/17/2041 <sup>(b)(c)(h)</sup>  | 4571 | 4611 |
| Tricon Residential Trust, Series 2023-SFR1, Class C, 5.10% 7/17/2040 <sup>(c)(h)</sup>  | 100 | 100 |
| Tricon Residential Trust, Series 2023-SFR1, Class E, 7.977% 7/17/2040 <sup>(c)(h)</sup>  | 100 | 103 |
| Tricon Residential Trust, Series 2025-SFR2, Class B, 5.424% 8/17/2044 <sup>(c)(h)</sup>  | 3000 | 3052 |
|  |  | 87670 |
| **Total mortgage-backed obligations** |  | 621958 |
| **Asset-backed obligations 7.77%**<br> **Auto loan 2.80%**<br>|  |  |
| American Credit Acceptance Receivables Trust, Series 2023-2, Class D, 6.47% 8/13/2029 <sup>(c)(h)</sup>  | 347 | 352 |
| American Credit Acceptance Receivables Trust, Series 2023-1, Class E, 9.79% 12/12/2029 <sup>(c)(h)</sup>  | 3225 | 3339 |
| American Credit Acceptance Receivables Trust, Series 2022-4, Class E, 10.00% 1/14/2030 <sup>(c)(h)</sup>  | 6480 | 6690 |
| American Credit Acceptance Receivables Trust, Series 2023-4, Class E, 9.79% 8/12/2031 <sup>(c)(h)</sup>  | 8071 | 8576 |
| American Credit Acceptance Receivables Trust, Series 2023-3, Class E, 9.54% 10/14/2031 <sup>(c)(h)</sup>  | 8071 | 8484 |
| American Credit Acceptance Receivables Trust, Series 2024-2, Class E, 7.87% 11/12/2031 <sup>(c)(h)</sup>  | 3889 | 4015 |
| American Credit Acceptance Receivables Trust, Series 2024-1, Class E, 7.98% 11/12/2031 <sup>(c)(h)</sup>  | 5980 | 6180 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, Class E, 7.30% 10/15/2032 <sup>(c)(h)</sup>  | 750 | 755 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2022-5, Class B, 7.09% 4/20/2027 <sup>(c)(h)</sup>  | 553 | 558 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-3A, Class B, 6.12% 2/22/2028 <sup>(c)(h)</sup>  | 100 | 102 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-3A, Class C, 7.05% 2/22/2028 <sup>(c)(h)</sup>  | 187 | 191 |

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Capital Group U.S. Multi-Sector Income ETF — Page 24 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Auto loan (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-4A, Class D, 7.31% 6/20/2029 <sup>(c)(h)</sup>  | USD578 | $593 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6A, Class D, 7.37% 12/20/2029 <sup>(c)(h)</sup>  | 997 | 1028 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-8A, Class D, 7.52% 2/20/2030 <sup>(c)(h)</sup>  | 1541 | 1574 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class C, 5.65% 4/16/2029 <sup>(h)</sup>  | 271 | 274 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class D, 6.03% 11/15/2029 <sup>(h)</sup>  | 527 | 537 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-3, Class D, 5.83% 5/15/2030 <sup>(h)</sup>  | 864 | 882 |
| CPS Auto Receivables Trust, Series 2024-A, Class C, 5.74% 4/15/2030 <sup>(c)(h)</sup>  | 100 | 101 |
| CPS Auto Receivables Trust, Series 2024-A, Class D, 6.13% 4/15/2030 <sup>(c)(h)</sup>  | 100 | 102 |
| CPS Auto Receivables Trust, Series 2022-D, Class E, 12.12% 6/17/2030 <sup>(c)(h)</sup>  | 3000 | 3314 |
| CPS Auto Receivables Trust, Series 2024-A, Class E, 8.42% 8/15/2031 <sup>(c)(h)</sup>  | 700 | 737 |
| CPS Auto Receivables Trust, Series 2024-C, Class E, 8.04% 3/15/2032 <sup>(c)(h)</sup>  | 4350 | 4566 |
| CPS Auto Receivables Trust, Series 2025-C, Class E, 6.59% 2/15/2033 <sup>(c)(h)</sup>  | 3704 | 3652 |
| Credit Acceptance Auto Loan Trust, Series 2023-3, Class B, 7.09% 10/17/2033 <sup>(c)(h)</sup>  | 118 | 121 |
| Credit Acceptance Auto Loan Trust, Series 2023-3, Class C, 7.62% 12/15/2033 <sup>(c)(h)</sup>  | 136 | 141 |
| DriveTime Auto Owner Trust, Series 2023-3, Class C, 6.40% 5/15/2029 <sup>(c)(h)</sup>  | 260 | 263 |
| DriveTime Auto Owner Trust, Series 2023-3, Class D, 7.12% 5/15/2029 <sup>(c)(h)</sup>  | 269 | 279 |
| Exeter Automobile Receivables Trust, Series 2023-2A, Class E, 9.75% 11/15/2030 <sup>(c)(h)</sup>  | 2212 | 2376 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class D, 5.81% 12/16/2030 <sup>(h)</sup>  | 559 | 570 |
| Exeter Automobile Receivables Trust, Series 2023-3A, Class E, 9.98% 1/15/2031 <sup>(c)(h)</sup>  | 1014 | 1094 |
| Exeter Automobile Receivables Trust, Series 2023-4A, Class E, 9.57% 2/18/2031 <sup>(c)(h)</sup>  | 1100 | 1181 |
| Exeter Automobile Receivables Trust, Series 2023-5A, Class E, 9.58% 6/16/2031 <sup>(c)(h)</sup>  | 1351 | 1463 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class E, 7.89% 8/15/2031 <sup>(c)(h)</sup>  | 1170 | 1223 |
| Ford Credit Floorplan Master Owner Trust, Series 2023-1, Class D, 6.62% 5/15/2028 <sup>(c)(h)</sup>  | 584 | 590 |
| GLS Auto Receivables Trust, Series 2023-3, Class D, 6.44% 5/15/2029 <sup>(c)(h)</sup>  | 68 | 70 |
| GLS Auto Receivables Trust, Series 2024-1, Class D, 5.95% 12/17/2029 <sup>(c)(h)</sup>  | 397 | 407 |
| GLS Auto Receivables Trust, Series 2023-3, Class E, 9.27% 8/15/2030 <sup>(c)(h)</sup>  | 950 | 1026 |
| GLS Auto Receivables Trust, Series 2023-4, Class E, 9.72% 8/15/2030 <sup>(c)(h)</sup>  | 1010 | 1107 |
| GLS Auto Receivables Trust, Series 2024-2, Class E, 7.98% 5/15/2031 <sup>(c)(h)</sup>  | 1170 | 1228 |
| Hertz Vehicle Financing III, LLC, Series 2023-3, Class B, 6.53% 2/25/2028 <sup>(c)(h)</sup>  | 203 | 207 |
| Hertz Vehicle Financing III, LLC, Series 2023-3, Class C, 7.26% 2/25/2028 <sup>(c)(h)</sup>  | 300 | 306 |
| Hertz Vehicle Financing III, LLC, Series 2022-2, Class D, 5.16% 6/26/2028 <sup>(c)(h)</sup>  | 478 | 467 |
| Hertz Vehicle Financing III, LLC, Series 2023-4, Class B, 6.73% 3/25/2030 <sup>(c)(h)</sup>  | 233 | 243 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class D, 9.22% 1/25/2029 <sup>(c)(h)</sup>  | 250 | 258 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class C, 6.03% 9/25/2029 <sup>(c)(h)</sup>  | 3298 | 3347 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class D, 7.98% 9/25/2029 <sup>(c)(h)</sup>  | 1414 | 1417 |
| Hertz Vehicle Financing, LLC, Series 2024-2A, Class D, 9.41% 1/27/2031 <sup>(c)(h)</sup>  | 250 | 263 |
| Hertz Vehicle Financing, LLC, Series 2025-2A, Class C, 6.40% 9/25/2031 <sup>(c)(h)</sup>  | 3831 | 3904 |
| Hertz Vehicle Financing, LLC, Series 2025-2A, Class D, 8.34% 9/25/2031 <sup>(c)(h)</sup>  | 1310 | 1320 |
| Hertz Vehicle Financing, LLC, Series 2025-4A, Class C, 6.48% 12/26/2031 <sup>(c)(h)</sup>  | 453 | 462 |
| LAD Auto Receivables Trust, Series 2023-1, Class C, 6.18% 12/15/2027 <sup>(c)(h)</sup>  | 273 | 275 |
| Prestige Auto Receivables Trust, Series 2023-1, Class D, 6.33% 4/16/2029 <sup>(c)(h)</sup>  | 543 | 551 |
| Prestige Auto Receivables Trust, Series 2024-1, Class E, 7.94% 4/15/2031 <sup>(c)(h)</sup>  | 512 | 531 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-4A, Class B, 5.497% 4/25/2034 <sup>(c)(h)</sup>  | 5142 | 5171 |
| Santander Drive Auto Receivables Trust, Series 2022-7, Class C, 6.69% 3/17/2031 <sup>(h)</sup>  | 149 | 152 |
| Truist Bank Auto Credit-Linked Notes, Series 2025-1, Class B, 4.728% 9/26/2033 <sup>(c)(h)</sup>  | 2549 | 2553 |
| United Auto Credit Securitization Trust, Series 2024-1, Class D, 8.30% 11/12/2029 <sup>(c)(h)</sup>  | 3000 | 3074 |
|  |  | 94242 |
| **Other asset-backed securities 1.59%** |  |  |
| APL Finance, LLC, Series 2025-1A, Class A, 4.81% 3/20/2036 <sup>(c)(h)</sup>  | 813 | 813 |
| Apollo Aviation Securitization Equity Trust, Series 25-1A, Class A, 5.943% 2/16/2050 <sup>(c)(h)</sup>  | 759 | 777 |
| Apollo Aviation Securitization Equity Trust, Series 25-1A, Class A, 6.576% 2/16/2050 <sup>(c)(h)</sup>  | 362 | 368 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class C, 6.38% 1/15/2031 <sup>(c)(h)</sup>  | 139 | 142 |
| Business Jet Securities, LLC, Series 2024-2A, Class A, 5.346% 9/15/2039 <sup>(c)(h)</sup>  | 578 | 581 |

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Capital Group U.S. Multi-Sector Income ETF — Page 25 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Other asset-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Castlelake Aircraft Securitization Trust, Series 2025-1A, Class A, 5.783% 2/15/2050 <sup>(c)(h)</sup>  | USD1,226 | $1247 |
| CCG Receivables Trust, Series 2025-1, Class D, 5.28% 10/14/2032 <sup>(c)(h)</sup>  | 160 | 162 |
| CFG Investments, Ltd., Series 2025-1, Class A, 6.47% 3/25/2036 <sup>(c)(h)</sup>  | 4839 | 4922 |
| CFG Investments, Ltd., Series 2025-1, Class B, 9.16% 3/25/2036 <sup>(c)(h)</sup>  | 477 | 488 |
| CFG Investments, Ltd., Series 2025-1, Class C, 12.72% 3/25/2036 <sup>(c)(h)</sup>  | 400 | 420 |
| Crockett Partners Equipment Co. II, LLC, Series 2024-1C, Class A, 6.05% 1/20/2031 <sup>(c)(h)</sup>  | 517 | 525 |
| EquipmentShare, Series 2024-2M, Class B, 6.43% 12/20/2032 <sup>(c)(h)</sup>  | 1708 | 1740 |
| EquipmentShare, Series 2025-1M, Class A, 5.48% 9/26/2033 <sup>(c)(h)</sup>  | 5067 | 5121 |
| EquipmentShare, Series 2025-1M, Class B, 6.31% 9/26/2033 <sup>(c)(h)</sup>  | 1147 | 1162 |
| Global SC Finance SRL, Series 2025-1H, Class A, 6.169% 9/20/2045 <sup>(c)(h)</sup>  | 4277 | 4285 |
| Global SC Finance SRL, Series 2025-1H, Class B, 7.848% 9/20/2045 <sup>(c)(h)</sup>  | 6887 | 6901 |
| Horizon Aircraft Finance, Series 2024-1, Class A, 5.375% 9/15/2049 <sup>(c)(h)</sup>  | 828 | 838 |
| MMP Capital, Series 2025-A, Class B, 5.72% 12/15/2031 <sup>(c)(h)</sup>  | 830 | 846 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061 <sup>(c)(h)</sup>  | 201 | 168 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class B1, 2.41% 10/20/2061 <sup>(c)(h)</sup>  | 3473 | 2359 |
| OnDeck Asset Securitization Trust, LLC, Series 2023-1A, Class B, 8.25% 8/19/2030 <sup>(c)(h)</sup>  | 273 | 277 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-1, Class B, 7.15% 6/17/2031 <sup>(c)(h)</sup>  | 545 | 552 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-1, Class C, 8.99% 6/17/2031 <sup>(c)(h)</sup>  | 316 | 326 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class B, 5.42% 10/17/2031 <sup>(c)(h)</sup>  | 265 | 266 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class C, 7.03% 10/17/2031 <sup>(c)(h)</sup>  | 343 | 344 |
| PK ALIFT Loan Funding, Series 2025-2, Class A, 4.75% 3/15/2043 <sup>(c)(h)</sup>  | 540 | 541 |
| SCF Equipment Trust, LLC, Series 2025-1A, Class D, 5.88% 11/20/2035 <sup>(c)(h)</sup>  | 433 | 449 |
| Subway Funding, LLC, Series 2024-3, Class A2I, 5.246% 7/30/2054 <sup>(c)(h)</sup>  | 1264 | 1267 |
| Subway Funding, LLC, Series 2024-3A, Class A2II, 5.566% 7/30/2054 <sup>(c)(h)</sup>  | 1493 | 1501 |
| Textainer Marine Containers, Ltd., Series 2025-1H, Class A, 6.43% 7/23/2050 <sup>(c)(h)</sup>  | 2650 | 2659 |
| Textainer Marine Containers, Ltd., Series 2025-1H, Class B, 8.06% 7/23/2050 <sup>(c)(h)</sup>  | 4698 | 4716 |
| VFI ABS, LLC, Series 2025-1A, Class A, 4.78% 6/24/2030 <sup>(c)(h)</sup>  | 771 | 774 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class A2, 4.33% 9/20/2033 <sup>(c)(h)</sup>  | 360 | 360 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class C, 4.76% 9/20/2033 <sup>(c)(h)</sup>  | 533 | 533 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class D, 5.45% 9/20/2033 <sup>(c)(h)</sup>  | 1042 | 1042 |
| Zayo Issuer, LLC, Series 2025-2A, Class A2, 5.953% 6/20/2055 <sup>(c)(h)</sup>  | 2000 | 2061 |
| Zayo Issuer, LLC, Series 2025-2A, Class B, 6.586% 6/20/2055 <sup>(c)(h)</sup>  | 2000 | 2078 |
|  |  | 53611 |
| **Credit card 1.40%** |  |  |
| Avant Credit Card Master Trust, Series 2024-2A, Class D, 8.98% 5/15/2029 <sup>(c)(h)</sup>  | 5000 | 5064 |
| Avant Credit Card Master Trust, Series 2024-2A, Class E, 13.41% 5/15/2029 <sup>(c)(h)</sup>  | 4750 | 4872 |
| Evergreen Credit Card Trust, Series 2025-CRT5, Class B, 5.24% 5/15/2029 <sup>(c)(h)</sup>  | 246 | 249 |
| Evergreen Credit Card Trust, Series 2025-CRT5, Class C, 5.53% 5/15/2029 <sup>(c)(h)</sup>  | 172 | 174 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class D, 10.12% 8/15/2029 <sup>(c)(h)</sup>  | 4000 | 4049 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class E, 13.69% 8/15/2029 <sup>(c)(h)</sup>  | 5000 | 5078 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class A, 4.78% 12/16/2030 <sup>(c)(h)</sup>  | 1271 | 1275 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class C, 5.37% 12/16/2030 <sup>(c)(h)</sup>  | 1801 | 1806 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class D, 5.71% 12/16/2030 <sup>(c)(h)</sup>  | 1209 | 1213 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class E, 7.66% 12/16/2030 <sup>(c)(h)</sup>  | 6592 | 6613 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class A, 5.06% 9/15/2031 <sup>(c)(h)</sup>  | 8583 | 8608 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class B, 5.21% 9/15/2031 <sup>(c)(h)</sup>  | 1326 | 1330 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class C, 5.41% 9/15/2031 <sup>(c)(h)</sup>  | 854 | 857 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class D, 5.80% 9/15/2031 <sup>(c)(h)</sup>  | 953 | 956 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class F, 11.21% 9/15/2031 <sup>(c)(h)</sup>  | 5000 | 5050 |
|  |  | 47194 |

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Capital Group U.S. Multi-Sector Income ETF — Page 26 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Collateralized loan obligations 1.40%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| ARES CLO, Ltd., Series 2022-65A, Class CR, (3-month USD CME Term SOFR + 1.85%) 6.008% 7/25/2034 <sup>(b)(c)(h)</sup>  | USD3,636 | $3645 |
| Babson CLO, Ltd., Series 2021-1, Class D, (3-month USD CME Term SOFR + 3.162%) 7.48% 4/25/2034 <sup>(b)(c)(h)</sup>  | 1000 | 1002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Battalion CLO, Ltd., Series 2018-12A, Class DRR, (3-month USD CME Term SOFR + 2.60%) 6.785% <br>5/17/2031 <sup>(b)(c)(h)</sup>  | 6944 | 6925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canyon Capital CLO, Ltd., Series 2021-4A, Class CR, (3-month USD CME Term SOFR + 1.80%) 6.118% <br> 10/15/2034 <sup>(b)(c)(h)</sup>  | 2659 | 2659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., CLO, Series 2019-2A, Class DR, (3-month USD CME Term SOFR + 2.85%) 7.175% <br> 10/20/2032 <sup>(b)(c)(h)</sup>  | 2820 | 2824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., CLO, Series 2023-1A, Class BR, (3-month USD CME Term SOFR + 1.85%) 6.169% <br> 4/23/2036 <sup>(b)(c)(h)</sup>  | 3318 | 3318 |
| Ocean Trails CLO, Series 2021-11A, Class DR, (3-month USD CME Term SOFR + 3.10%) 7.425% 7/20/2034 <sup>(b)(c)(h)</sup>  | 3000 | 2994 |
| Orion CLO, Ltd., Series 2023-1, Class C, (3-month USD CME Term SOFR + 3.25%) 7.568% 10/25/2036 <sup>(b)(c)(h)</sup>  | 467 | 467 |
| Orion CLO, Ltd., Series 2023-1, Class D, (3-month USD CME Term SOFR + 5.15%) 9.468% 10/25/2036 <sup>(b)(c)(h)</sup>  | 378 | 378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palmer Square Loan Funding, Ltd., Series 2024-2A, Class C, (3-month USD CME Term SOFR + 2.50%) 6.818% <br> 1/15/2033 <sup>(b)(c)(h)</sup>  | 1608 | 1612 |
| RAD CLO, Ltd., Series 2020-7, Class CR, (3-month USD CME Term SOFR + 2.60%) 6.922% 4/17/2036 <sup>(b)(c)(h)</sup>  | 2500 | 2501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Steele Creek CLO, Ltd., Series 2019-2A, Class CRR, (3-month USD CME Term SOFR + 1.80%) 6.118% <br>7/15/2032 <sup>(b)(c)(h)</sup>  | 2846 | 2840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Steele Creek CLO, Ltd., Series 2019-2A, Class DR, (3-month USD CME Term SOFR + 2.80%) 7.118% <br>7/15/2032 <sup>(b)(c)(h)</sup>  | 2230 | 2201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2020-12A, Class B1R2, (3-month USD CME Term SOFR + 1.55%) 5.792% <br>4/25/2033 <sup>(b)(c)(h)</sup>  | 2636 | 2644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2020-12A, Class CR2, (3-month USD CME Term SOFR + 1.80%) 6.042% <br>4/25/2033 <sup>(b)(c)(h)</sup>  | 1090 | 1094 |
| Trinitas CLO, Ltd., Series 2021-17A, Class B1R, (3-month USD CME Term SOFR + 1.65%) 5.81% 10/20/2034 <sup>(b)(c)(h)</sup>  | 7133 | 7143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vibrant CLO, Ltd., Series 2021-12A, Class BRR, (3-month USD CME Term SOFR + 1.95%) 6.101% <br>4/20/2034 <sup>(b)(c)(h)</sup>  | 2239 | 2239 |
| Vibrant CLO, Ltd., Series 2018-9RA, Class C1, (3-month USD CME Term SOFR + 1.82%) 6.145% 4/20/2037 <sup>(b)(c)(h)</sup>  | 471 | 472 |
|  |  | 46958 |
| **Student loan 0.58%** |  |  |
| Navient Education Loan Trust, Series 2025-A, Class C, 5.53% 7/15/2055 <sup>(c)(h)</sup>  | 1083 | 1094 |
| Navient Education Loan Trust, Series 2025-A, Class D, 6.03% 7/15/2055 <sup>(c)(h)</sup>  | 859 | 867 |
| SMB Private Education Loan Trust, Series 2021-A, Class D1, 3.86% 1/15/2053 <sup>(c)(h)</sup>  | 213 | 195 |
| SMB Private Education Loan Trust, Series 2021-A, Class D2, 3.86% 1/15/2053 <sup>(c)(h)</sup>  | 102 | 93 |
| SMB Private Education Loan Trust, Series 2023-A, Class B, 5.88% 1/15/2053 <sup>(c)(h)</sup>  | 415 | 427 |
| SMB Private Education Loan Trust, Series 2025-B, Class C, 5.49% 3/17/2053 <sup>(c)(h)</sup>  | 1202 | 1208 |
| SMB Private Education Loan Trust, Series 2025-B, Class D, 6.63% 3/17/2053 <sup>(c)(h)</sup>  | 1246 | 1272 |
| SMB Private Education Loan Trust, Series 2025-A, Class A1A, 5.13% 4/15/2054 <sup>(c)(h)</sup>  | 7737 | 7886 |
| SMB Private Education Loan Trust, Series 2024-A, Class D, 8.22% 3/15/2056 <sup>(c)(h)</sup>  | 4935 | 5361 |
| SMB Private Education Loan Trust, Series 2023-B, Class D, 7.56% 10/16/2056 <sup>(c)(h)</sup>  | 1000 | 1039 |
|  |  | 19442 |
| **Total asset-backed obligations** |  | 261447 |
| **U.S. Treasury bonds & notes 0.51%**<br> **U.S. Treasury 0.51%**<br>|  |  |
| U.S. Treasury 3.375% 9/15/2028 <sup>(j)</sup>  | 13597 | 13504 |
| U.S. Treasury 4.00% 5/31/2030 <sup>(j)</sup>  | 3602 | 3645 |
|  |  | 17149 |

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Capital Group U.S. Multi-Sector Income ETF — Page 27 of 34

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Municipals 0.06%**<br> **California 0.01%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Rancho Mirage, Community Facs. Dist. No. 5 (Improvement Area No. 1), Special Tax Bonds, Series 2024-B, <br> 7.25% 9/1/2039  | USD430 | $438 |
| **Puerto Rico 0.05%** |  |  |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2017 <sup>(k)</sup>  | 5 | 3 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-ZZ, 4.25% 7/1/2018 <sup>(k)</sup>  | 10 | 7 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-ZZ, 5.00% 7/1/2018 <sup>(k)</sup>  | 45 | 31 |
| Electric Power Auth., Power Rev. Bonds, Series 2003-NN, 5.50% 7/1/2020 <sup>(k)</sup>  | 5 | 3 |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2021 <sup>(k)</sup>  | 95 | 65 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-AAA, 5.25% 7/1/2021 <sup>(k)</sup>  | 135 | 93 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-DDD, 5.00% 7/1/2023 <sup>(k)</sup>  | 110 | 75 |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2023 <sup>(k)</sup>  | 10 | 7 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-CCC, 5.00% 7/1/2024 <sup>(k)</sup>  | 35 | 24 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-XX, 4.625% 7/1/2025 <sup>(k)</sup>  | 5 | 3 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-XX, 4.75% 7/1/2026 <sup>(k)</sup>  | 5 | 3 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-ZZ, 5.00% 7/1/2026 <sup>(k)</sup>  | 5 | 3 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-CCC, 5.25% 7/1/2026 <sup>(k)</sup>  | 10 | 7 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-ZZ, 5.25% 7/1/2026 <sup>(k)</sup>  | 195 | 134 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-ZZ, 4.75% 7/1/2027 <sup>(k)</sup>  | 30 | 21 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-CCC, 4.80% 7/1/2028 <sup>(k)</sup>  | 110 | 76 |
| Electric Power Auth., Power Rev. Bonds, Series 2008-WW, 5.00% 7/1/2028 <sup>(k)</sup>  | 30 | 21 |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2032 <sup>(k)</sup>  | 80 | 55 |
| Electric Power Auth., Power Rev. Bonds, Series 2008-WW, 5.25% 7/1/2033 <sup>(k)</sup>  | 310 | 213 |
| Electric Power Auth., Power Rev. Bonds, Series 2013-A, 6.75% 7/1/2036 <sup>(k)</sup>  | 160 | 110 |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2037 <sup>(k)</sup>  | 30 | 21 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-XX, 5.25% 7/1/2040 <sup>(k)</sup>  | 175 | 120 |
| Electric Power Auth., Power Rev. Bonds, Series 2012-A, 5.00% 7/1/2042 <sup>(k)</sup>  | 45 | 31 |
| Electric Power Auth., Power Rev. Ref. Bonds, Series 2007-UU, AGI, 3.469% 7/1/2017 <sup>(d)(k)</sup>  | 130 | 89 |
| Electric Power Auth., Power Rev. Ref. Bonds, Series 2010-DDD, 5.00% 7/1/2021 <sup>(k)</sup>  | 35 | 24 |
| Electric Power Auth., Power Rev. Ref. Bonds, Series 2010-DDD, 5.00% 7/1/2022 <sup>(k)</sup>  | 325 | 223 |
|  |  | 1462 |
| **Texas 0.00%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazoria County Industrial Dev. Corp., Solid Waste Disposal Facs. Rev. Bonds (Aleon Renewable Metals, LLC <br> Project), Series 2023, AMT, 12.00% 6/1/2043 <sup>(c)</sup>  | 187 | 43 |
| **Total municipals** |  | 1943 |
| **Total bonds, notes & other debt instruments** (cost: $3,241,417,000) |  | 3283075 |
| Common stocks 0.04%<br> **Consumer discretionary 0.04%**<br>| Shares |  |
| Aimbridge Topco, LLC <sup>(e)(l)</sup>  | 17246 | 1335 |
| **Information technology 0.00%** |  |  |
| Diebold Nixdorf, Inc. <sup>(l)</sup>  | 3082 | 176 |
| **Materials 0.00%** |  |  |
| Venator Materials PLC <sup>(e)(l)</sup>  | 90 | — <br><sup>(m)</sup><br>|
| **Total common stocks** (cost: $1,912,000) |  | 1511 |

---

Capital Group U.S. Multi-Sector Income ETF — Page 28 of 34

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Short-term securities 2.62%<br> **Money market investments 2.62%**<br>| Shares | Value<br> (000)<br>|
| Capital Group Central Cash Fund 4.17% <sup>(n)(o)</sup>  | 881025 | $88103 |
| **Total short-term securities** (cost: $88,089,000) |  | 88103 |
| Options purchased (equity style) 0.00% |  |  |
| Options purchased (equity style)\* |  | 38 |
| **Total options purchased (equity style)** (cost: $69,000) |  | 38 |
| **Total investment securities 100.20%** (cost $3,331,487,000) |  | 3372727 |
| **Other assets less liabilities (0.20)%** |  | (6790)<br>|
| **Net assets 100.00%** |  | $3365937 |

---

\*Options purchased (equity style)

------

**Options on futures** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Call** |  |  |  |  |  |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/11/2026 | USD98.00 | USD495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $38 |

---

Futures contracts

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 1748 | 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD364,280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $199 |
| 5 Year U.S. Treasury Note Futures | Long | 1898 | 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| 10 Year Euro-Bund Futures | Short | 32 | 12/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4114)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5)<br>|
| 10 Year U.S. Treasury Note Futures | Short | 194 | 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21825)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144 |
| 10 Year Ultra U.S. Treasury Note Futures | Short | 1135 | 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (130614)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (374)<br>|
| 30 Year U.S. Treasury Bond Futures | Long | 288 | 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 554 |
| 30 Year Ultra U.S. Treasury Bond Futures | Short | 306 | 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (36739)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (879)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(364)<br>|

---

Forward currency contracts

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Contract amount | Contract amount | Contract amount | Contract amount | Counterparty | &nbsp;&nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Currency purchased <br>(000) | Currency purchased <br>(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | Counterparty | &nbsp;&nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| USD | 18439 | EUR | 15703 | Citibank | 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(6)<br>|
| EUR | 1027 | USD | 875 | HSBC Bank | 10/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| USD | 2116 | EUR | 1790 | Citibank | 10/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $6 |

---

Capital Group U.S. Multi-Sector Income ETF — Page 29 of 34

------

**unaudited**

Swap contracts

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| 4.834% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10/19/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD13,500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $168 |
| 4.071% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415 |
| 4.161% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/26/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252 |
| 4.103% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/23/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1270 |
| 4.692% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/29/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 621 |
| 4.077% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/23/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2333 |
| 4.0685% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/23/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 864 |
| 4.6415% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/29/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1487 |
| 4.407% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/3/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180 |
| SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;3.456% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1/2/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 424 |
| SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;3.5065% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/12/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1711 |
| 4.5965% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/2/2038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190 |
| 3.9515% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/15/2039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260 |
| 4.5595% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/2/2043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121 |
| 3.901% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/21/2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (53)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (53)<br>|
| SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;3.364% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/15/2049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1004 |
| SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;3.268% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/15/2049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82 |
| SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;3.6455% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10/21/2049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 808 |
| SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;3.6675% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/9/2049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520 |
| 4.392% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/29/2053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 333 |
| SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;3.2845% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1/2/2054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1322 |
| SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;3.5625% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/6/2054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 306 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $14618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $14618 |

---

**Credit default swaps**

**Centrally cleared credit default swaps on credit indices — sell protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Financing <br>rate received<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount<sup>(p)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>9/30/2025<sup>(q)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 5.00% | Quarterly | CDX.NA.HY.45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | USD109,785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $8503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $8334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $169 |
| 1.00% | Quarterly | CDX.NA.IG.S45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | 6642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $8654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $8486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $168 |

---

Investments in affiliates <sup>(o)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>9/30/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 2.62%** | **Short-term securities 2.62%** | **Short-term securities 2.62%** | **Short-term securities 2.62%** | **Short-term securities 2.62%** | **Short-term securities 2.62%** | **Short-term securities 2.62%** | **Short-term securities 2.62%** |
| **Money market investments 2.62%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Group Central Cash Fund 4.17% <sup>(n)</sup> <br>| $79452 | &nbsp;&nbsp; $741672 | &nbsp;&nbsp; $733029 | &nbsp;&nbsp; $8 | &nbsp;&nbsp; $— <br><sup>(l)</sup><br>| &nbsp;&nbsp; $88103 | &nbsp;&nbsp; $3363 |

---

Capital Group U.S. Multi-Sector Income ETF — Page 30 of 34

------

**unaudited**

Restricted securities <sup>(g)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| Sasol Financing USA, LLC 8.75% 5/3/2029  | 4/15/2024 - 9/27/2024 | $1748 | $1765 | 0.05% |
| Wolfspeed, Inc. 12.875% 6/23/2030 (13.875% on 6/23/2026) <sup>(d)(e)</sup> <br>| 6/23/2023 - 9/25/2025 | &nbsp;&nbsp; 1014 | &nbsp;&nbsp; 1149 | 0.04 |
| Wolfspeed, Inc. 12.875% 6/23/2030 (13.875% on 6/22/2026)  | 6/23/2023 - 9/25/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99 | 0.01 |
| Stillwater Mining Co. 4.00% 11/16/2026  | 2/9/2024 - 8/9/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 977 | &nbsp;&nbsp; 1010 | 0.03 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finastra USA, Inc., Term Loan B, (3-month USD CME Term SOFR + <br> 7.25%) 11.288% 9/13/2029 <sup>(a)(b)</sup> <br>| 9/12/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76 | 0.00%<sup>(r)</sup> <br>|
|  |  | $3912 | $4099 | 0.13% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $35,447,000, which represented 1.07% of the net assets of the fund. 

<sup>(b)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(c)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $1,722,573,000, which represented 51.18% of the net assets of the fund. 

<sup>(d)</sup> Step bond; coupon rate may change at a later date.

<sup>(e)</sup> Value determined using significant unobservable inputs.

<sup>(f)</sup> Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. 

<sup>(g)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(h)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(i)</sup> Purchased on a TBA basis.

<sup>(j)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $13,025,000, which represented 0.39% of the net assets of the fund. 

<sup>(k)</sup> Scheduled interest and/or principal payment was not received.

<sup>(l)</sup> Security did not produce income during the last 12 months.

<sup>(m)</sup> Amount less than one thousand.

<sup>(n)</sup> Rate represents the seven-day yield at 9/30/2025.

<sup>(o)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(p)</sup> The maximum potential amount the fund may pay as a protection seller should a credit event occur.

<sup>(q)</sup> The prices and resulting values for credit default swap indices serve as an indicator of the current status of the payment/performance risk. As the value of a sell protection credit default swap increases or decreases, when compared to the notional amount of the swap, the payment/performance risk may decrease or increase, respectively. 

<sup>(r)</sup> Amount less than 0.01%.

Valuation disclosures

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.

**Methods and inputs** — The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.

Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

Capital Group U.S. Multi-Sector Income ETF — Page 31 of 34

------

**unaudited**

---

| | |
|:---|:---|
| **Fixed-income class** | **Examples of standard inputs** |
| &nbsp;&nbsp;&nbsp;&nbsp; All | &nbsp;&nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing <br> models such as yield measures calculated using factors such as cash flows, <br> financial or collateral performance and other reference data (collectively <br> referred to as "standard inputs")<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed; asset-backed obligations | &nbsp;&nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, collateral characteristics, credit <br> enhancements and specific deal information<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal securities | &nbsp;&nbsp;&nbsp; Standard inputs and, for certain distressed securities, cash flows or <br> liquidation values using a net present value calculation based on <br> inputs that include, but are not limited to, financial statements and debt <br> contracts<br>|

---

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund's investment adviser. The Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series ("Central Funds"), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF's portfolio securities. The underlying securities are valued based on the policies and procedures in CCF's statement of additional information. Exchange-traded options and futures are generally valued at the official closing price for options and official settlement price for futures on the exchange or market on which such instruments are traded, as of the close of business on the day such instruments are being valued. The average month-end notional amount of options on futures while held was $37,209,000. The average month-end notional amount of futures contracts while held was $503,811,000. Forward currency contracts are valued based on the spot and forward exchange rates obtained from a third-party pricing vendor. The average month-end notional amount of open forward currency contracts while held was $16,060,000. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, other reference data, and terms of the contract. The average month-end notional amounts of interest rate swaps and credit default swaps while held were $752,094,000 and $82,211,000, respectively.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

**Processes and structure** — The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

Capital Group U.S. Multi-Sector Income ETF — Page 32 of 34

------

**unaudited**

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund's valuation levels as of September 30, 2025, were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Investment securities | Investment securities | Investment securities | Investment securities |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, notes & other debt instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans  | $— | $2379782 | $796 | $2380578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed obligations  |  | 621958 |  | 621958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-backed obligations  |  | 261447 |  | 261447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury bonds & notes  |  | 17149 |  | 17149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipals  |  | 1943 |  | 1943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stocks  | 176 |  | 1335 | 1511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term securities  | 88103 |  |  | 88103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options purchased on futures (equity style)  | 38 |  |  | 38 |
| Total | $88317 | $3282279 | $2131 | $3372727 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Other investments\* | Other investments\* | Other investments\* | Other investments\* |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on futures contracts  | $897 | $— | $— | $897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on open forward currency contracts  |  | 12 |  | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on centrally cleared interest rate swaps  |  | 14671 |  | 14671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on credit default swaps  |  | 169 |  | 169 |
| **Liabilities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on futures contracts  | (1261)<br>|  |  | (1261)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on open forward currency contracts  |  | (6)<br>|  | (6)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on centrally cleared interest rate swaps  |  | (53)<br>|  | (53)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on centrally cleared credit default swaps  |  | (1)<br>|  | (1)<br>|
| Total | $(364)<br>| $14792 | $— | $14428 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Futures contracts, forward currency contracts, interest rate swaps and credit default swaps are not included in the investment portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **Key to abbreviation(s)** |
| AGI = Assured Guaranty insured |
| AMT = Alternative Minimum Tax |
| Auth. = Authority |
| CLO = Collateralized Loan Obligations |
| CME = CME Group |
| DAC = Designated Activity Company |
| Dev. = Development |
| Dist. = District |
| EUR = Euros |
| EURIBOR = Euro Interbank Offered Rate |
| Facs. = Facilities |

---

---

| |
|:---|
| ICE = Intercontinental Exchange, Inc. |
| LIBOR = London Interbank Offered Rate |
| Ref. = Refunding |
| REIT = Real Estate Investment Trust |
| Rev. = Revenue |
| SOFR = Secured Overnight Financing Rate |
| USD = U.S. dollars |
| UST = U.S. Treasury |

---

Capital Group U.S. Multi-Sector Income ETF — Page 33 of 34

------

**unaudited**

**Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.**

**Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing.** 

**You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.**

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Capital Client Group, Inc., member FINRA.© 2025 Capital Group. All rights reserved.

ETGEFP3-308-1125

Capital Group U.S. Multi-Sector Income ETF — Page 34 of 34

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Capital Group Fixed Income ETF Trust

- **b. Investment Company Act file number:** 811-23738

- **c. CIK number of Registrant:** 0001870117

- **d. LEI of Registrant:** 549300E5VFNPOBZRHM30

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

  - **Street Address 1:** 6455 Irvine Center Drive

  - **City:** Irvine

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92618

  - **Telephone number:** 949-975-5000

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

- **a. Name of Series:** Capital Group U.S. Multi-Sector Income ETF

- **b. EDGAR series identifier (if any):** S000077688

- **c. LEI of Series:** 549300AKWBSLXATYUD16

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $3472687072.54

**Total Liabilities:** $106856018.42

**Net Assets:** $3365831054.12

**Delayed Delivery Securities:** $58594540.96

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2377.21000000 | **1-Year:** -62310.94000000 | **5-Year:** -250282.66000000 | **10-Year:** -436985.78000000 | **30-Year:** -190094.01000000

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

- **3-Month:** -6099.17000000 | **1-Year:** -134224.21000000 | **5-Year:** -262314.04000000 | **10-Year:** -98746.88000000 | **30-Year:** -11850.52000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238176 | 0.31%                | 1.23%                | 0.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $538410.48               | $-7526470.70                               |
| Month 2  | $1743310.19              | $17923943.81                               |
| Month 3  | $926160.19               | $8777356.75                                |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Aggregate Index

- **Index Identifier:** LBUSTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JANE STREET GRP/JSG FIN                                 | Jane Street Group / JSG Finance Inc                                                                                    | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2910000 | PA      | $3024695.64   | 0.09%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                               | Sunoco LP                                                                                                              | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1740000 | PA      | $1768457.70   | 0.05%             | 2030-09-18      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| X.AI LLC/X.AI CO ISSUER                                 | X.AI LLC / X.AI Co Issuer Corp                                                                                         | CUSIP: 983984AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7883985.00   | 0.23%             | 2030-06-30      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2024-AIR2                                                                                 | CUSIP: 05613QAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2824786 | PA      | $2838526.43   | 0.08%             | 2041-10-15      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                  | CCO Holdings LLC / CCO Holdings Capital Corp                                                                           | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5767000 | PA      | $5130817.78   | 0.15%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                | Mars Inc                                                                                                               | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |  12527000 | PA      | $12810805.82  | 0.38%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                               | Ball Corp                                                                                                              | CUSIP: 058498BA3<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   5550000 | PA      | $5613125.26   | 0.17%             | 2033-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                    | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    250000 | PA      | $249112.11    | 0.01%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                                    | Talos Production Inc                                                                                                   | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |   2670000 | PA      | $2782997.07   | 0.08%             | 2031-02-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                           | Boeing Co/The                                                                                                          | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   5121000 | PA      | $5845432.84   | 0.17%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                                                         | CUSIP: 10554TAG0<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |   3725000 | PA      | $1432188.00   | 0.04%             | 2033-02-13      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                | Performance Food Group Inc                                                                                             | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1938310.29   | 0.06%             | 2032-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                    | CUSIP: 71654QDB5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   4098000 | PA      | $4142563.05   | 0.12%             | 2027-01-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                    | Cleveland-Cliffs Inc                                                                                                   | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   4135000 | PA      | $4224605.45   | 0.13%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                                 | Energean Israel Finance Ltd                                                                                            | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |    685000 | PA      | $658493.34    | 0.02%             | 2031-03-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QWX6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     30000 | PA      | $20625.00     | 0.00%             | 2027-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                                         | Hanesbrands Inc                                                                                                        | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |   2777000 | PA      | $2943059.05   | 0.09%             | 2031-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QZN5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    325000 | PA      | $222625.00    | 0.01%             | 2022-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                 | Imperial Brands Finance PLC                                                                                            | CUSIP: 45262BAH6<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   3180000 | PA      | $3331535.49   | 0.10%             | 2034-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FIVE 2023-V1                                            | FIVE 2023-V1 Mortgage Trust                                                                                            | CUSIP: 337964AF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    495000 | PA      | $509033.94    | 0.02%             | 2056-02-10      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                            | CaixaBank SA                                                                                                           | CUSIP: 12803RAH7<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   1380000 | PA      | $1467241.86   | 0.04%             | 2035-06-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust 2025-1918                                                                        | CUSIP: 95004QAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1658000 | PA      | $1670825.62   | 0.05%             | 2040-09-15      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                                | CenterPoint Energy Houston Electric LLC                                                                                | CUSIP: 15189XBF4<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    265000 | PA      | $268067.04    | 0.01%             | 2035-03-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AMBIPAR LUX SARL                                        | Ambipar Lux Sarl                                                                                                       | CUSIP: 02319WAA9<br>LEI: 9845008C0E14F9BDEK55 | Long             | DBT              | CORP              | LU        |    590000 | PA      | $102070.00    | 0.00%             | 2031-02-06      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2022-AHP                                                                                  | CUSIP: 05610FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    769000 | PA      | $768768.15    | 0.02%             | 2039-01-17      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2024 VLT4                                      | BX TRUST 2024 VLT4                                                                                                     | CUSIP: 05612TAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10366556 | PA      | $10403222.51  | 0.31%             | 2041-06-15      | Floating      | 7.04%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 3132DVCK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     23158 | PA      | $23715.75     | 0.00%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                            | Broadcom Inc                                                                                                           | CUSIP: 11135FCY5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1292000 | PA      | $1288579.39   | 0.04%             | 2036-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                            | Synopsys Inc                                                                                                           | CUSIP: 871607AC1<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2292498.92   | 0.07%             | 2030-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                      | BMO 2024-5C3 Mortgage Trust                                                                                            | CUSIP: 09660QAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    167000 | PA      | $149605.35    | 0.00%             | 2057-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES                                | ION Trading Technologies Sarl                                                                                          | CUSIP: 46205YAB7<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |   7838000 | PA      | $8317482.52   | 0.25%             | 2029-05-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 3132DWNK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    534854 | PA      | $539754.97    | 0.02%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                                 | Astrazeneca Finance LLC                                                                                                | CUSIP: 04636NAN3<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |   1505000 | PA      | $1552729.39   | 0.05%             | 2034-02-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                       | Johnson & Johnson                                                                                                      | CUSIP: 478160CX0<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    450000 | PA      | $458960.13    | 0.01%             | 2054-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                                                         | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4394808.88   | 0.13%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                  | Philip Morris International Inc                                                                                        | CUSIP: 718172DE6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   3388000 | PA      | $3595107.86   | 0.11%             | 2033-09-07      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                     | JPMorgan Chase & Co                                                                                                    | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2855000 | PA      | $2950154.27   | 0.09%             | 2031-04-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                | Benchmark 2024-V5 Mortgage Trust                                                                                       | CUSIP: 08163XBA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    403000 | PA      | $421589.46    | 0.01%             | 2057-01-10      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                              | PacifiCorp                                                                                                             | CUSIP: 695114DD7<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   3410000 | PA      | $3494803.70   | 0.10%             | 2034-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | Service Properties Trust                                                                                               | CUSIP: 44106MAW2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |   2066000 | PA      | $2059786.96   | 0.06%             | 2027-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Fiesta Purchaser Inc                                    | Fiesta Purchaser Inc 2025 Repriced Term Loan                                                                           | CUSIP: 31659LAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    232073 | PA      | $231836.98    | 0.01%             | 2031-02-12      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                | Constellation Brands Inc                                                                                               | CUSIP: 21036PBL1<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   3266000 | PA      | $3285547.08   | 0.10%             | 2032-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                | Constellation Brands Inc                                                                                               | CUSIP: 21036PBH0<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   2140000 | PA      | $1887215.20   | 0.06%             | 2031-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                            | GS Mortgage Securities Trust 2019-GC40                                                                                 | CUSIP: 36257HBV7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $747688.41    | 0.02%             | 2052-07-10      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                       | DISH Network Corp                                                                                                      | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   2775000 | PA      | $2938938.68   | 0.09%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS                                | Hughes Satellite Systems Corp                                                                                          | CUSIP: 444454AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    813000 | PA      | $797963.32    | 0.02%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                           | TransDigm Inc                                                                                                          | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5690707.17   | 0.17%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                      | BMO 2024-C10 Mortgage Trust                                                                                            | CUSIP: 096920AJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    771000 | PA      | $793259.23    | 0.02%             | 2057-11-15      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                            | US Foods Inc                                                                                                           | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    320000 | PA      | $313096.42    | 0.01%             | 2030-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                  | Roper Technologies Inc                                                                                                 | CUSIP: 776696AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   1939000 | PA      | $1942154.09   | 0.06%             | 2034-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| WILDFIRE INTERMEDIATE HO                                | Wildfire Intermediate Holdings LLC                                                                                     | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |   4455000 | PA      | $4512358.13   | 0.13%             | 2029-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BIOCON BIOLOGICS GLOBAL                                 | Biocon Biologics Global PLC                                                                                            | CUSIP: 090978AA5<br>LEI: 254900PMQN51VACG2D55 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $194372.04    | 0.01%             | 2029-10-09      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                                      | Tricon Residential 2023-SFR1 Trust                                                                                     | CUSIP: 89616WAE8<br>LEI: 549300Z2X1L1L3MID765 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $103191.96    | 0.00%             | 2040-07-17      | Fixed         | 7.98%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                | Clear Channel Outdoor Holdings Inc                                                                                     | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1292990.00   | 0.04%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                | Florida Power & Light Co                                                                                               | CUSIP: 341081GU5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   4750000 | PA      | $4958245.42   | 0.15%             | 2034-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2024-GPA2                                                                                 | CUSIP: 12433DAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2044000 | PA      | $2049659.02   | 0.06%             | 2041-11-15      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                            | CaixaBank SA                                                                                                           | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   1500000 | PA      | $1867670.21   | 0.06%             | 2029-07-19      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ARETEC GROUP INC                                        | Aretec Group Inc                                                                                                       | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    445000 | PA      | $485385.09    | 0.01%             | 2030-08-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                  | Venture Global LNG Inc                                                                                                 | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2240000 | PA      | $2440139.97   | 0.07%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                          | Mastercard Inc                                                                                                         | CUSIP: 57636QBC7<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |   3921000 | PA      | $3914872.14   | 0.12%             | 2035-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                              | AbbVie Inc                                                                                                             | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    750000 | PA      | $767152.22    | 0.02%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| 3650R Commercial Mortgage Trust                         | 3650R 2021-PF1 Commercial Mortgage Trust                                                                               | CUSIP: 88575JBA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    634000 | PA      | $616156.77    | 0.02%             | 2055-11-15      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                | Warnermedia Holdings Inc                                                                                               | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1549000 | PA      | $1155941.25   | 0.03%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC                                           | Wolfspeed Inc                                                                                                          | CUSIP: 977852AG7<br>LEI: 549300OGU88P3AW3TO93 | Long             | SN               | CORP              | US        |   1049575 | PA      | $1149284.63   | 0.03%             | 2030-06-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                        | AmWINS Group Inc                                                                                                       | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    950000 | PA      | $969909.15    | 0.03%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2020-VIV4                                                                                 | CUSIP: 05608MAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $462320.60    | 0.01%             | 2044-03-09      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                   | Molina Healthcare Inc                                                                                                  | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   1858000 | PA      | $1880331.30   | 0.06%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Bank5                                                   | BANK5 2024-5YR12                                                                                                       | CUSIP: 06644XBY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1961000 | PA      | $2020396.73   | 0.06%             | 2057-12-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                                  | Mondelez International Inc                                                                                             | CUSIP: 609207BH7<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |    620000 | PA      | $632268.36    | 0.02%             | 2035-05-06      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                        | SMB Private Education Loan Trust 2023-A                                                                                | CUSIP: 78450QAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    415000 | PA      | $426829.82    | 0.01%             | 2053-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                           | CommScope LLC                                                                                                          | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     76000 | PA      | $75607.08     | 0.00%             | 2029-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                       | Herc Holdings Inc                                                                                                      | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   2120000 | PA      | $2179896.36   | 0.06%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| FUTURES USD CITI CASH                                   | FUTURES USD CITI COC                                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2089000 | NS      | $2089000.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ELM Trust 2024                                          | ELM Trust 2024-ELM                                                                                                     | CUSIP: 26860XBE0<br>LEI: 254900IIXJ23M1M8Y987 | Long             | ABS-MBS          | CORP              | US        |    744000 | PA      | $748955.04    | 0.02%             | 2039-06-10      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                             | Extended Stay America Trust 2025-ESH                                                                                   | CUSIP: 30227TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2654000 | PA      | $2657317.50   | 0.08%             | 2042-10-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                         | AdaptHealth LLC                                                                                                        | CUSIP: 00653VAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3629000 | PA      | $3435813.45   | 0.10%             | 2029-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| GENTING NY LLC/GENNY CAP                                | Genting New York LLC / GENNY Capital Inc                                                                               | CUSIP: 37255JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    420000 | PA      | $434133.75    | 0.01%             | 2029-10-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Capital Group Central Cash Fund                         | Capital Group Central Cash Fund                                                                                        | CUSIP: 14020B102<br>LEI: 549300YD0SRETB6WWP29 | Long             | EC               | RF                | US        |    948877 | NS      | $94887745.80  | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BENCHMARK Mortgage Trust                                | Benchmark 2024-V7 Mortgage Trust                                                                                       | CUSIP: 08163YAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1074000 | PA      | $1133182.23   | 0.03%             | 2056-05-15      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 3132DWPT4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6460041 | PA      | $6604003.92   | 0.20%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KROGER CO                                               | Kroger Co/The                                                                                                          | CUSIP: 501044DW8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    617000 | PA      | $601883.04    | 0.02%             | 2054-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SUMMIT MIDSTREAM HOLDING                                | Summit Midstream Holdings LLC                                                                                          | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3963000 | PA      | $3985636.66   | 0.12%             | 2029-10-31      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                          | Morgan Stanley                                                                                                         | CUSIP: 61747YFE0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    402000 | PA      | $414680.67    | 0.01%             | 2034-04-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                         | Lamb Weston Holdings Inc                                                                                               | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    250000 | PA      | $240342.10    | 0.01%             | 2030-01-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                                                        | CUSIP: 3140A6UZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29558 | PA      | $29849.15     | 0.00%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                   | Wells Fargo & Co                                                                                                       | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3309000 | PA      | $3473919.63   | 0.10%             | 2036-04-23      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                              | Humana Inc                                                                                                             | CUSIP: 444859BY7<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    200000 | PA      | $210430.68    | 0.01%             | 2034-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QWW8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |      5000 | PA      | $3437.50      | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                                                         | CUSIP: 10554TAH8<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |   2468000 | PA      | $964062.50    | 0.03%             | 2031-01-12      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Trust                                  | Invitation Homes 2024-SFR1 Trust                                                                                       | CUSIP: 46188DAL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3572000 | PA      | $3337536.06   | 0.10%             | 2041-09-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                | Microchip Technology Inc                                                                                               | CUSIP: 595017BL7<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   5577000 | PA      | $5704720.16   | 0.17%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                 | Royal Caribbean Cruises Ltd                                                                                            | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1927000 | PA      | $1964892.39   | 0.06%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                    | Royal Bank of Canada                                                                                                   | CUSIP: 78017FZT3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   3522000 | PA      | $3564280.38   | 0.11%             | 2030-10-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings LLC                           | Truist Insurance Holdings LLC 2nd Lien Term Loan                                                                       | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    810526 | PA      | $826905.44    | 0.02%             | 2032-05-06      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                   | Mission Lane Credit Card Master Trust                                                                                  | CUSIP: 60510MBZ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5049734.00   | 0.15%             | 2031-09-15      | Fixed         | 11.21%                | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                  | UnitedHealth Group Inc                                                                                                 | CUSIP: 91324PFQ0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |  11100000 | PA      | $11478917.15  | 0.34%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Bank5                                                   | BANK5 2025-5YR14                                                                                                       | CUSIP: 06604MAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    779000 | PA      | $801242.79    | 0.02%             | 2058-04-15      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN                                 | Borr IHC Ltd / Borr Finance LLC                                                                                        | CUSIP: 100018AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   3954463 | PA      | $3937729.16   | 0.12%             | 2028-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                                   | Texas Instruments Inc                                                                                                  | CUSIP: 882508CM4<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154738.07    | 0.00%             | 2035-05-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                  | CCO Holdings LLC / CCO Holdings Capital Corp                                                                           | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5963000 | PA      | $5159115.75   | 0.15%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                 | Bristol-Myers Squibb Co                                                                                                | CUSIP: 110122EB0<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   3652000 | PA      | $3990627.57   | 0.12%             | 2053-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                  | NextEra Energy Capital Holdings Inc                                                                                    | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    275000 | PA      | $278043.63    | 0.01%             | 2027-09-01      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| COUGAR JV SUBSIDIARY LLC                                | Cougar JV Subsidiary LLC                                                                                               | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1935000 | PA      | $2060074.49   | 0.06%             | 2032-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2021-VOLT                                                                                 | CUSIP: 05609VAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    687868 | PA      | $686968.31    | 0.02%             | 2036-09-15      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                            | Alphabet Inc                                                                                                           | CUSIP: 02079KAM9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    124000 | PA      | $124362.60    | 0.00%             | 2055-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AXALTA COAT/DUTCH HLD BV                                | Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV                                                 | CUSIP: 05454NAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    625000 | PA      | $622541.48    | 0.02%             | 2027-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                  | Philip Morris International Inc                                                                                        | CUSIP: 718172DB2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   2780000 | PA      | $2904070.59   | 0.09%             | 2033-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                        | Trinitas CLO XII Ltd                                                                                                   | CUSIP: 89641GBC5<br>LEI: 254900G1XMKSN9WBVL66 | Long             | ABS-CBDO         | CORP              | KY        |   1090000 | PA      | $1093554.49   | 0.03%             | 2033-04-25      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC                                | Lindblad Expeditions LLC                                                                                               | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |    930000 | PA      | $948520.95    | 0.03%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Orion CLO Ltd.                                          | Orion Clo 2023-1 Ltd                                                                                                   | CUSIP: 68626CAE4<br>LEI: 2138006D8Y42BDBTP628 | Long             | ABS-CBDO         | CORP              | JE        |    467000 | PA      | $467170.92    | 0.01%             | 2036-10-25      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                     | Freddie Mac STACR REMIC Trust 2020-DNA5                                                                                | CUSIP: 35566ABE8<br>LEI: 5493000ITF7RKPWPZQ19 | Long             | ABS-MBS          | USGSE             | US        |   3850000 | PA      | $5390813.12   | 0.16%             | 2050-10-25      | Floating      | 15.86%                | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                   | Icahn Enterprises LP / Icahn Enterprises Finance Corp                                                                  | CUSIP: 451102CF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3450000 | PA      | $3486225.00   | 0.10%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust                                     | DT Auto Owner Trust 2023-3                                                                                             | CUSIP: 23345WAC9<br>LEI: 549300XVMF0FUK76JG97 | Long             | ABS-O            | CORP              | US        |    260000 | PA      | $263413.23    | 0.01%             | 2029-05-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD PPTY REIT INC                                | Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL                                       | CUSIP: 11284DAA3<br>LEI: N/A                  | Long             | DBT              |  | US        |    504000 | PA      | $503027.33    | 0.01%             | 2026-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                                     | LYB International Finance III LLC                                                                                      | CUSIP: 50249AAP8<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   2631000 | PA      | $2743367.98   | 0.08%             | 2035-05-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                 | Sasol Financing USA LLC                                                                                                | CUSIP: 80386WAD7<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1762223.40   | 0.05%             | 2031-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                  | Philip Morris International Inc                                                                                        | CUSIP: 718172DP1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    512000 | PA      | $521080.60    | 0.02%             | 2031-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 3132DWNL3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6524267 | PA      | $6671139.94   | 0.20%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                | Celanese US Holdings LLC                                                                                               | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    181000 | PA      | $187983.10    | 0.01%             | 2028-11-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                  | UnitedHealth Group Inc                                                                                                 | CUSIP: 91324PFK3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1779370.33   | 0.05%             | 2044-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                      | Voyager Parent LLC                                                                                                     | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |   3950000 | PA      | $4179732.47   | 0.12%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                                | Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl                                                    | CUSIP: 42329HAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8708000 | PA      | $9035786.54   | 0.27%             | 2029-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QLH3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    130000 | PA      | $89050.00     | 0.00%             | 2017-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                   | Athene Global Funding                                                                                                  | CUSIP: 04685A4S7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    170000 | PA      | $172362.24    | 0.01%             | 2035-08-22      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                       | Post Holdings Inc                                                                                                      | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    303000 | PA      | $311886.46    | 0.01%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                | Charter Communications Operating LLC / Charter Communications Operating Capital                                        | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6462000 | PA      | $6772301.62   | 0.20%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Bank5                                                   | BANK5 2024-5YR11                                                                                                       | CUSIP: 06644WBR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1972000 | PA      | $2054614.97   | 0.06%             | 2057-11-15      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                | Mars Inc                                                                                                               | CUSIP: 571676BD6<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    476000 | PA      | $485835.96    | 0.01%             | 2065-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                    | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    314000 | PA      | $285690.11    | 0.01%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                        | BAT Capital Corp                                                                                                       | CUSIP: 054989AB4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   3345000 | PA      | $3673508.40   | 0.11%             | 2033-08-02      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| TAKEDA US FIN                                           | Takeda US Financing Inc                                                                                                | CUSIP: 87406BAA0<br>LEI: 254900ZGPIBGBZ2N3A33 | Long             | DBT              | CORP              | US        |  11983000 | PA      | $12184898.69  | 0.36%             | 2035-07-07      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                           | CommScope LLC                                                                                                          | CUSIP: 20338MAA0<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    800000 | PA      | $828580.80    | 0.02%             | 2031-12-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                                     | Coinbase Global Inc                                                                                                    | CUSIP: 19260QAD9<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   5377000 | PA      | $4802627.78   | 0.14%             | 2031-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                  | EquipmentShare.com Inc                                                                                                 | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   3405000 | PA      | $3607505.57   | 0.11%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                | Charter Communications Operating LLC / Charter Communications Operating Capital                                        | CUSIP: 161175CK8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8955000 | PA      | $7487740.62   | 0.22%             | 2053-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                                     | Prestige Brands Inc                                                                                                    | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |   2995000 | PA      | $2760864.38   | 0.08%             | 2031-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                              | PacifiCorp                                                                                                             | CUSIP: 695114CX4<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    695000 | PA      | $458731.84    | 0.01%             | 2051-03-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Zayo Issuer LLC                                         | Zayo Issuer LLC                                                                                                        | CUSIP: 98919WAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2077957.60   | 0.06%             | 2055-06-20      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                                       | EOG Resources Inc                                                                                                      | CUSIP: 26875PBA8<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    500000 | PA      | $523913.93    | 0.02%             | 2055-07-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                | Benchmark 2021-B24 Mortgage Trust                                                                                      | CUSIP: 08163CBJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    980000 | PA      | $752045.53    | 0.02%             | 2054-03-15      | Variable      | 3.29%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                       | Newell Brands Inc                                                                                                      | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   5785000 | PA      | $5723725.11   | 0.17%             | 2032-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Bank5                                                   | BANK5 2024-5YR12                                                                                                       | CUSIP: 06644XBT2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3644000 | PA      | $3800245.97   | 0.11%             | 2057-12-15      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                       | Brown & Brown Inc                                                                                                      | CUSIP: 115236AK7<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    525000 | PA      | $532472.08    | 0.02%             | 2030-06-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                                                         | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |   1250000 | PA      | $467812.50    | 0.01%             | 2034-10-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| BOYD GAMING CORP                                        | Boyd Gaming Corp                                                                                                       | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1016058.11   | 0.03%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                | Marsh & McLennan Cos Inc                                                                                               | CUSIP: 571748CC4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |  10900000 | PA      | $11039650.58  | 0.33%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                          | CFMT 2024-HB15 LLC                                                                                                     | CUSIP: 15723AAD3<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-MBS          | CORP              | US        |    971000 | PA      | $936749.82    | 0.03%             | 2034-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                  | Harvest Midstream I LP                                                                                                 | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    875000 | PA      | $885089.63    | 0.03%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                | First Quantum Minerals Ltd                                                                                             | CUSIP: 335934AV7<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   6499000 | PA      | $6895926.43   | 0.20%             | 2029-03-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                          | Gray Media Inc                                                                                                         | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   3024000 | PA      | $3272213.40   | 0.10%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                      | Kennedy-Wilson Inc                                                                                                     | CUSIP: 489399AM7<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |   9500000 | PA      | $8844287.49   | 0.26%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                         | AdaptHealth LLC                                                                                                        | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1309000 | PA      | $1249536.45   | 0.04%             | 2030-03-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                   | Caesars Entertainment Inc                                                                                              | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   6734000 | PA      | $6872807.94   | 0.20%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                     | Intesa Sanpaolo SpA                                                                                                    | CUSIP: 46115HCB1<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   1000000 | PA      | $1202023.52   | 0.04%             | 2054-06-20      | Fixed         | 7.78%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                    | Edison International                                                                                                   | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   2590000 | PA      | $2642817.87   | 0.08%             | 2054-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SHR Trust                                               | SHR Trust 2024-LXRY                                                                                                    | CUSIP: 784234AG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1900980 | PA      | $1920044.93   | 0.06%             | 2041-10-15      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                                | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397YT4<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    607000 | PA      | $592253.18    | 0.02%             | 2027-11-02      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA LTD                                   | Transocean Aquila Ltd                                                                                                  | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   3480169 | PA      | $3582402.68   | 0.11%             | 2028-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CART                                                    | CONE Trust 2024-DFW1                                                                                                   | CUSIP: 20682AAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2884000 | PA      | $2888751.10   | 0.09%             | 2041-08-15      | Floating      | 7.19%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 3132DTZG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4995453 | PA      | $5107932.83   | 0.15%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NOVA Chemicals Corp                                     | NOVA Chemicals Corp                                                                                                    | CUSIP: 66977WAR0<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    685000 | PA      | $687537.03    | 0.02%             | 2027-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AIMBRIDGE ACQUISITION CO INC                            | Aimbridge Acquisition Co Inc 2025 1st Lien Second Out Term Loan                                                        | CUSIP: 00900YAH9<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |    189848 | PA      | $189848.27    | 0.01%             | 2030-03-11      | Floating      | 6.00%                 | No            |                  3 | On Loan: No      |
| Boca Commercial Mortgage Trust                          | BOCA Commercial Mortgage Trust 2024-BOCA                                                                               | CUSIP: 096817AE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2915000 | PA      | $2937970.78   | 0.09%             | 2041-08-15      | Floating      | 6.99%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                              | DaVita Inc                                                                                                             | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   4655000 | PA      | $4812460.03   | 0.14%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                                         | Mercer International Inc                                                                                               | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1346804.92   | 0.04%             | 2029-02-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC             | BBCMS Mortgage Trust 2022-C18                                                                                          | CUSIP: 054975AL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1008000 | PA      | $1029366.48   | 0.03%             | 2055-12-15      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                  | Philip Morris International Inc                                                                                        | CUSIP: 718172DQ9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   7547000 | PA      | $7611446.55   | 0.23%             | 2034-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                    | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   5363000 | PA      | $4414473.01   | 0.13%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                                                        | CUSIP: 3140AQZ70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    332549 | PA      | $340127.54    | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                        | BAT Capital Corp                                                                                                       | CUSIP: 05526DBZ7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   3079000 | PA      | $3290607.79   | 0.10%             | 2034-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                                  | Radiology Partners Inc                                                                                                 | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1061988.40   | 0.03%             | 2032-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                  | WESCO Distribution Inc                                                                                                 | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    895000 | PA      | $928417.67    | 0.03%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VISTA OIL & GAS ARGENTIN                                | Vista Energy Argentina SAU                                                                                             | CUSIP: 92841RAA8<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |   5160000 | PA      | $5018100.00   | 0.15%             | 2035-12-10      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: BCGBQUZ33 IRS USD R V 00MSOFR BCGBQUZ33_FLO CCPOIS / Short: BCGBQUZ33 IRS USD P F  3.64550 BCGBQUZ33_FIX CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  16000000 | OU      | $808395.20    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| United Natural Foods Inc                                | United Natural Foods Inc 2024 Term Loan                                                                                | CUSIP: 91116KAD7<br>LEI: 549300GKGW6WPZ282D40 | Long             | LON              | CORP              | US        |   1207246 | PA      | $1215545.94   | 0.04%             | 2031-05-01      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                 | MPLX LP                                                                                                                | CUSIP: 55336VCC2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   1629000 | PA      | $1633298.90   | 0.05%             | 2035-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                | JP Morgan Mortgage Trust Series 2024-CES1                                                                              | CUSIP: 46658CAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    458000 | PA      | $462749.09    | 0.01%             | 2054-06-25      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| STAR 2024-SFR4 Trust                                    | STAR 2024-SFR4 Trust                                                                                                   | CUSIP: 85520AAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4571000 | PA      | $4611324.90   | 0.14%             | 2041-10-17      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                     | Freddie Mac STACR REMIC Trust 2020-DNA1                                                                                | CUSIP: 35565HBE4<br>LEI: 5493003FQV7GR462GO02 | Long             | ABS-MBS          | USGSE             | US        |   2240000 | PA      | $2496479.55   | 0.07%             | 2050-01-25      | Floating      | 9.72%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                          | CFMT 2024-HB15 LLC                                                                                                     | CUSIP: 15723AAB7<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-MBS          | CORP              | US        |    545000 | PA      | $536858.30    | 0.02%             | 2034-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                  | Pacific Gas and Electric Co                                                                                            | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   7113000 | PA      | $6110431.97   | 0.18%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                  | WESCO Distribution Inc                                                                                                 | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    850000 | PA      | $884399.76    | 0.03%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                      | CNX Resources Corp                                                                                                     | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   5120000 | PA      | $5315465.37   | 0.16%             | 2032-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: SCG8PW2Z2 IRS USD R F  4.40700 BCG8PW2Z2_FIX CCPOIS / Short: SCG8PW2Z2 IRS USD P V 00MSOFR BCG8PW2Z2_FLO CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   3000000 | OU      | $180292.80    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                              | LAD Auto Receivables Trust 2023-1                                                                                      | CUSIP: 505710AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    273000 | PA      | $274695.28    | 0.01%             | 2027-12-15      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                     | Intesa Sanpaolo SpA                                                                                                    | CUSIP: 46115HBV8<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   2770000 | PA      | $3270106.69   | 0.10%             | 2033-11-21      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                    | Boston Properties LP                                                                                                   | CUSIP: 10112RBJ2<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |   9062000 | PA      | $9268518.90   | 0.28%             | 2035-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                      | Advance Auto Parts Inc                                                                                                 | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   2280000 | PA      | $2352971.40   | 0.07%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AEGEA FINANCE SARL                                      | Aegea Finance Sarl                                                                                                     | CUSIP: 00775CAC0<br>LEI: 213800V6WTKUT1XWIZ47 | Long             | DBT              | CORP              | LU        |   1788000 | PA      | $1896921.38   | 0.06%             | 2031-01-20      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                  | Northern Oil & Gas Inc                                                                                                 | CUSIP: 665531AG4<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2849193.20   | 0.08%             | 2028-03-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                  | Pacific Gas and Electric Co                                                                                            | CUSIP: 694308KT3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    605000 | PA      | $590413.37    | 0.02%             | 2054-10-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                                                        | CUSIP: 31418FJU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1949056 | PA      | $1992490.64   | 0.06%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                                                                           | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   2835000 | PA      | $3074862.35   | 0.09%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SDR Commercial Mortgage Trust                           | SDR Commercial Mortgage Trust 2024-DSNY                                                                                | CUSIP: 811304AE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    486000 | PA      | $485497.04    | 0.01%             | 2039-05-15      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                          | Cascade Funding Mortgage Trust 2024-RM5                                                                                | CUSIP: 147275AA9<br>LEI: 984500AB3AED98FEEV98 | Long             | ABS-MBS          | CORP              | US        |   2133230 | PA      | $2097073.54   | 0.06%             | 2054-10-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| IRV Trust                                               | IRV Trust 2025-200P                                                                                                    | CUSIP: 45006HAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3273002 | PA      | $3261430.96   | 0.10%             | 2047-03-14      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                         | Fair Isaac Corp                                                                                                        | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   4865000 | PA      | $4937698.52   | 0.15%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                                 | Arthur J Gallagher & Co                                                                                                | CUSIP: 04316JAN9<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   6080000 | PA      | $6156222.41   | 0.18%             | 2035-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                            | Broadcom Inc                                                                                                           | CUSIP: 11135FBV2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   3041000 | PA      | $3034174.05   | 0.09%             | 2037-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Viasat Inc                                              | ViaSat Inc 2023 Term Loan                                                                                              | CUSIP: 92555WAF2<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |   1160000 | PA      | $1143325.00   | 0.03%             | 2030-05-30      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                  | Cloud Software Group Inc                                                                                               | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   2780000 | PA      | $2832789.86   | 0.08%             | 2033-08-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                        | Allied Universal Holdco LLC / Allied Universal Finance Corp                                                            | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    635000 | PA      | $624813.90    | 0.02%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                   | Nabors Industries Inc                                                                                                  | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    412000 | PA      | $418523.20    | 0.01%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                       | Clean Harbors Inc                                                                                                      | CUSIP: 184496AR8<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1100383.15   | 0.03%             | 2033-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                   | Quikrete Holdings Inc                                                                                                  | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   3424000 | PA      | $3549400.58   | 0.11%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                       | Waste Pro USA Inc                                                                                                      | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    615000 | PA      | $638552.66    | 0.02%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                            | Navient Corp                                                                                                           | CUSIP: 63938CAL2<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $981228.90    | 0.03%             | 2028-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALERA GROUP INC                                         | Alera Group Inc 2025 2nd Lien Term Loan                                                                                | CUSIP: 01451PAD8<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |   2135000 | PA      | $2201274.67   | 0.07%             | 2033-05-30      | Floating      | 9.66%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust           | Bridgecrest Lending Auto Securitization Trust 2024-1                                                                   | CUSIP: 107933AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    271000 | PA      | $273935.15    | 0.01%             | 2029-04-16      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397D59<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1096609.62   | 0.03%             | 2028-11-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                   | Venture Global Plaquemines LNG LLC                                                                                     | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   3365000 | PA      | $3800206.49   | 0.11%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                | Constellation Brands Inc                                                                                               | CUSIP: 21036PBP2<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    489000 | PA      | $493852.83    | 0.01%             | 2033-05-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                   | Mission Lane Credit Card Master Trust                                                                                  | CUSIP: 60510MBC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4048935.20   | 0.12%             | 2029-08-15      | Fixed         | 10.12%                | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trust                         | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                                                                     | CUSIP: 34461WAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4390000 | PA      | $4416858.02   | 0.13%             | 2039-12-15      | Floating      | 8.40%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                       | EURO-BUND FUTURE DEC25                                                                                                 | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       -32 | NC      | $-4908.47     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                                                                                    | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3602200 | PA      | $3644835.46   | 0.11%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Peraton Corp                                            | Peraton Corp Term Loan B                                                                                               | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |   1512043 | PA      | $1277865.06   | 0.04%             | 2028-02-01      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                  | PNC Financial Services Group Inc/The                                                                                   | CUSIP: 693475CC7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3719000 | PA      | $3881821.43   | 0.12%             | 2036-01-29      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                                | Connect Finco SARL / Connect US Finco LLC                                                                              | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |  12505000 | PA      | $13163448.52  | 0.39%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                | Benchmark 2024-V10 Mortgage Trust                                                                                      | CUSIP: 08163UAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3073257.00   | 0.09%             | 2057-09-15      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| INTOWN Mortgage Trust                                   | INTOWN 2025-STAY Mortgage Trust                                                                                        | CUSIP: 46117WAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6000000 | PA      | $6008433.60   | 0.18%             | 2042-03-15      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| CommScope Inc                                           | CommScope Inc 2024 Term Loan                                                                                           | CUSIP: 000000000<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | LON              | CORP              | US        |   2575000 | PA      | $2608475.00   | 0.08%             | 2029-12-17      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                    | Cleveland-Cliffs Inc                                                                                                   | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   2445000 | PA      | $2520941.72   | 0.07%             | 2034-01-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                             | Oracle Corp                                                                                                            | CUSIP: 68389XDA0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  10549000 | PA      | $10859797.06  | 0.32%             | 2035-08-03      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNER                                | Kraken Oil & Gas Partners LLC                                                                                          | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |   2780000 | PA      | $2757749.71   | 0.08%             | 2029-08-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                            | UBS Group AG                                                                                                           | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1470000 | PA      | $1725899.78   | 0.05%             | 2026-10-13      | Fixed         | 2.13%                 | Yes           |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                         | Cigna Group/The                                                                                                        | CUSIP: 125523CZ1<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   3650000 | PA      | $3697947.53   | 0.11%             | 2036-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                        | CSC Holdings LLC                                                                                                       | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    650000 | PA      | $617495.62    | 0.02%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                              | Progress Residential 2024-SFR3 Trust                                                                                   | CUSIP: 74331VAJ5<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   1383000 | PA      | $1306744.56   | 0.04%             | 2041-06-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                  | Diamondback Energy Inc                                                                                                 | CUSIP: 25278XAZ2<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   1431000 | PA      | $1461411.86   | 0.04%             | 2034-04-18      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| KRAKATAU POSCO PT                                       | Krakatau Posco PT                                                                                                      | CUSIP: 000000000<br>LEI: 98450003F1F2D08D9C16 | Long             | DBT              | CORP              | ID        |   1500000 | PA      | $1544372.01   | 0.05%             | 2029-06-11      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| MASTERCARD INC                                          | Mastercard Inc                                                                                                         | CUSIP: 57636QAZ7<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    556000 | PA      | $569554.01    | 0.02%             | 2034-05-09      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Viasat Inc                                              | ViaSat Inc Term Loan                                                                                                   | CUSIP: 92555WAD7<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |    872745 | PA      | $863471.94    | 0.03%             | 2029-03-02      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                            | Broadcom Inc                                                                                                           | CUSIP: 11135FBF7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    116000 | PA      | $101870.86    | 0.00%             | 2033-02-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                          | 1261229 BC Ltd                                                                                                         | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2250000 | PA      | $2308144.59   | 0.07%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PG&E CORP                                               | PG&E Corp                                                                                                              | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   4345000 | PA      | $4287516.08   | 0.13%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                                  | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX                                           | CUSIP: 000000000<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |   1000000 | PA      | $1002811.00   | 0.03%             | 2034-09-13      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Edison International                                    | Edison International                                                                                                   | CUSIP: 281020AM9<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    575000 | PA      | $564616.77    | 0.02%             | 2028-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION OIL SA                                    | Constellation Oil Services Holding SA                                                                                  | CUSIP: 650921AA7<br>LEI: 5493005YJTU769NW5I10 | Long             | DBT              | CORP              | LU        |   6050000 | PA      | $6207300.00   | 0.18%             | 2029-11-07      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                           | EchoStar Corp                                                                                                          | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   6147464 | PA      | $6768050.49   | 0.20%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Steele Creek CLO Ltd                                    | Steele Creek CLO 2019-2 LTD                                                                                            | CUSIP: 85817EBA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2230000 | PA      | $2201215.16   | 0.07%             | 2032-07-15      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                    | OneMain Finance Corp                                                                                                   | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    765000 | PA      | $767164.95    | 0.02%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VALVOLINE INC                                           | Valvoline Inc                                                                                                          | CUSIP: 92047WAG6<br>LEI: 549300CMHPBEY6VPOT75 | Long             | DBT              | CORP              | US        |   1685000 | PA      | $1546335.87   | 0.05%             | 2031-06-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                                          | Crockett Partners Equipment Co IIA LLC                                                                                 | CUSIP: 22689LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    517636 | PA      | $525395.20    | 0.02%             | 2031-01-20      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                  | CCO Holdings LLC / CCO Holdings Capital Corp                                                                           | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1315000 | PA      | $1197558.93   | 0.04%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                     | Sirius XM Radio LLC                                                                                                    | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |  11375000 | PA      | $10316070.54  | 0.31%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HTL Commercial Mortgage Trust                           | HTL Commercial Mortgage Trust 2024-T53                                                                                 | CUSIP: 404300AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2026000 | PA      | $2081696.77   | 0.06%             | 2039-05-10      | Variable      | 8.47%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                            | Broadcom Inc                                                                                                           | CUSIP: 11135FCC3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    739000 | PA      | $744511.45    | 0.02%             | 2032-02-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                            | UBS Group AG                                                                                                           | CUSIP: 225401AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1404000 | PA      | $1299550.78   | 0.04%             | 2032-05-14      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                      | Osaic Holdings Inc                                                                                                     | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |   4441000 | PA      | $4606413.93   | 0.14%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                               | Sunoco LP                                                                                                              | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    850000 | PA      | $880715.60    | 0.03%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                       | Iron Mountain Inc                                                                                                      | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    335000 | PA      | $331519.91    | 0.01%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                | Permian Resources Operating LLC                                                                                        | CUSIP: 27034RAA1<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    162000 | PA      | $164633.65    | 0.00%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                              | GLS Auto Receivables Issuer Trust 2023-3                                                                               | CUSIP: 36267PAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    950000 | PA      | $1025991.26   | 0.03%             | 2030-08-15      | Fixed         | 9.27%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust 2025-VLT6                                                                                                     | CUSIP: 12433KAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3282000 | PA      | $3286081.50   | 0.10%             | 2042-03-15      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| CoreLogic Inc                                           | CoreLogic Inc Term Loan                                                                                                | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |   1984496 | PA      | $1986976.74   | 0.06%             | 2028-06-02      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                     | Freddie Mac Stacr Remic Trust 2025-Dna3                                                                                | CUSIP: 35564UAQ0<br>LEI: 5299009HC4IGFM6RXF30 | Long             | ABS-MBS          | USGSE             | US        |   1655000 | PA      | $1660171.88   | 0.05%             | 2045-09-25      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                            | CaixaBank SA                                                                                                           | CUSIP: 12803RAA2<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    500000 | PA      | $520124.38    | 0.02%             | 2029-01-18      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                 | ATI Inc                                                                                                                | CUSIP: 01741RAN2<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    349000 | PA      | $366621.01    | 0.01%             | 2030-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                | Avis Budget Rental Car Funding AESOP LLC                                                                               | CUSIP: 05377RJU9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    997000 | PA      | $1027851.77   | 0.03%             | 2029-12-20      | Fixed         | 7.37%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                        | SMB Private Education Loan Trust 2025-A                                                                                | CUSIP: 83207EAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7736579 | PA      | $7885821.33   | 0.23%             | 2054-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                      | Kennedy-Wilson Inc                                                                                                     | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |   5060000 | PA      | $4729227.80   | 0.14%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US 2YR NOTE (CBT) DEC25                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      1748 | NC      | $199014.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QZM7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     35000 | PA      | $23975.00     | 0.00%             | 2021-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEG ENERGY CORP                                         | MEG Energy Corp                                                                                                        | CUSIP: 552704AF5<br>LEI: 5493002WXPTG5ZC1T326 | Long             | DBT              | CORP              | CA        |    105000 | PA      | $105073.95    | 0.00%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                     | JPMorgan Chase & Co                                                                                                    | CUSIP: 46647PEQ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    925000 | PA      | $936079.48    | 0.03%             | 2030-10-22      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | Service Properties Trust                                                                                               | CUSIP: 81761LAD4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |   3920000 | PA      | $3983621.60   | 0.12%             | 2029-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | Service Properties Trust                                                                                               | CUSIP: 81761LAF9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |   1895000 | PA      | $1672868.65   | 0.05%             | 2027-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                   | Mission Lane Credit Card Master Trust                                                                                  | CUSIP: 60510MBV9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1326000 | PA      | $1330488.51   | 0.04%             | 2031-09-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                        | BAT Capital Corp                                                                                                       | CUSIP: 054989AD0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   6486000 | PA      | $7439073.92   | 0.22%             | 2053-08-02      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                         | CVS Health Corp                                                                                                        | CUSIP: 126650EJ5<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1081000 | PA      | $1094655.88   | 0.03%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                     | Southern California Edison Co                                                                                          | CUSIP: 842400HY2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    300000 | PA      | $309598.07    | 0.01%             | 2028-10-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                         | McDonald's Corp                                                                                                        | CUSIP: 58013MFX7<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    196000 | PA      | $201883.08    | 0.01%             | 2029-05-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                | Permian Resources Operating LLC                                                                                        | CUSIP: 27034RAC7<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1235462.26   | 0.04%             | 2031-07-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue Securities               | Multifamily Connecticut Avenue Securities Trust 2023-01                                                                | CUSIP: 62548NAA6<br>LEI: 254900JAK6X5OPMD5925 | Long             | ABS-MBS          | CORP              | US        |   1489125 | PA      | $1554295.36   | 0.05%             | 2053-11-25      | Floating      | 8.36%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                | JP Morgan Mortgage Trust Series 2024-CES1                                                                              | CUSIP: 46658CAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    564000 | PA      | $570405.12    | 0.02%             | 2054-06-25      | Variable      | 6.40%                 | No            |                  2 | On Loan: No      |
| X Corp.                                                 | X Corp Term Loan                                                                                                       | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4009082 | PA      | $3937920.44   | 0.12%             | 2029-10-26      | Floating      | 10.96%                | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                        | Fannie Mae Connecticut Avenue Securities                                                                               | CUSIP: 207932AA2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    615884 | PA      | $630485.09    | 0.02%             | 2042-12-25      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                      | Regal Rexnord Corp                                                                                                     | CUSIP: 758750AN3<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   1841000 | PA      | $1952827.88   | 0.06%             | 2030-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                            | Ares LXV CLO Ltd                                                                                                       | CUSIP: 04019FAS6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3636000 | PA      | $3645308.16   | 0.11%             | 2034-07-25      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                   | Mission Lane Credit Card Master Trust                                                                                  | CUSIP: 60510MBU1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8583000 | PA      | $8607859.80   | 0.26%             | 2031-09-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX 2025-BIO3 Mortgage Trust                                                                                            | CUSIP: 123911AJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7679000 | PA      | $7654101.61   | 0.23%             | 2042-02-10      | Variable      | 7.19%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                       | Brown & Brown Inc                                                                                                      | CUSIP: 115236AM3<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   5207000 | PA      | $5360456.43   | 0.16%             | 2035-06-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                    | Fiesta Purchaser Inc                                                                                                   | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $568098.30    | 0.02%             | 2032-09-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                | Capital One Financial Corp                                                                                             | CUSIP: 14040HDF9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   4674000 | PA      | $4963338.08   | 0.15%             | 2035-02-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                              | Progress Residential 2024-SFR1 Trust                                                                                   | CUSIP: 74331QAL1<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    465000 | PA      | $436240.63    | 0.01%             | 2041-02-17      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                  | PNC Financial Services Group Inc/The                                                                                   | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   4129000 | PA      | $4679432.49   | 0.14%             | 2034-10-20      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: SCG8NHS06 IRS USD R F  4.39200 BCG8NHS06_FIX CCPOIS / Short: SCG8NHS06 IRS USD P V 00MSOFR BCG8NHS06_FLO CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4400000 | OU      | $333389.32    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LV Trust                                                | Fashion Show Mall LLC                                                                                                  | CUSIP: 50245XAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1619000 | PA      | $1631764.84   | 0.05%             | 2041-10-10      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc                                       | Newell Brands Inc                                                                                                      | CUSIP: 651229AX4<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   4844000 | PA      | $4827074.10   | 0.14%             | 2036-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                 | Crescent Energy Finance LLC                                                                                            | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    470000 | PA      | $476611.73    | 0.01%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Avant Credit Card Master Trust                          | Avant Credit Card Master Trust                                                                                         | CUSIP: 05351KAP4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4750000 | PA      | $4871772.90   | 0.14%             | 2029-05-15      | Fixed         | 13.41%                | No            |                  2 | On Loan: No      |
| Connect Finco SARL                                      | Connect Finco Sarl 2024 Extended Term Loan B                                                                           | CUSIP: 000000000<br>LEI: 2594001KNYIQ456J2792 | Long             | LON              | CORP              | LU        |   1097215 | PA      | $1085329.06   | 0.03%             | 2029-09-27      | Floating      | 8.66%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                | Ascent Resources Utica Holdings LLC / ARU Finance Corp                                                                 | CUSIP: 04364VAU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $749037.38    | 0.02%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                       | Post Holdings Inc                                                                                                      | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   6130000 | PA      | $6202389.17   | 0.18%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| 3R LUX SARL                                             | 3R Lux SARL                                                                                                            | CUSIP: 88563PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1798000 | PA      | $1899946.60   | 0.06%             | 2031-02-05      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                               | Amgen Inc                                                                                                              | CUSIP: 031162DJ6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   5958000 | PA      | $5796577.17   | 0.17%             | 2033-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                      | Regal Rexnord Corp                                                                                                     | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   5915000 | PA      | $6352845.99   | 0.19%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                            | CaixaBank SA                                                                                                           | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   1500000 | PA      | $1771254.84   | 0.05%             | 2036-01-27      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| CONSUMERS ENERGY CO                                     | Consumers Energy Co                                                                                                    | CUSIP: 210518DZ6<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |   2945000 | PA      | $2997829.44   | 0.09%             | 2035-05-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                   | Tenet Healthcare Corp                                                                                                  | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    710000 | PA      | $735612.38    | 0.02%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust            | American Credit Acceptance Receivables Trust 2022-4                                                                    | CUSIP: 02529XAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6480000 | PA      | $6689824.34   | 0.20%             | 2030-01-14      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Venator Materials LLC                                   | Venator Materials LLC 2023 Term Loan                                                                                   | CUSIP: 000000000<br>LEI: 2221000BJZTBBAJL7429 | Long             | LON              | CORP              | LU        |     16013 | PA      | $3971.12      | 0.00%             | 2028-10-12      | Floating      | 8.00%                 | No            |                  3 | On Loan: No      |
| CISCO SYSTEMS INC                                       | Cisco Systems Inc                                                                                                      | CUSIP: 17275RBZ4<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1293400.23   | 0.04%             | 2035-02-24      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: SCG8MAR52 IRS USD R F  4.83400 BCG8MAR52_FIX CCPOIS / Short: SCG8MAR52 IRS USD P V 00MSOFR BCG8MAR52_FLO CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  13500000 | OU      | $167536.35    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP BILLITON FIN USA LTD                                | BHP Billiton Finance USA Ltd                                                                                           | CUSIP: 055451BM9<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    751000 | PA      | $781142.63    | 0.02%             | 2055-09-05      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PIRAEUS BANK SA                                         | Piraeus Bank SA                                                                                                        | CUSIP: 000000000<br>LEI: 213800OYHR1MPQ5VJL60 | Long             | DBT              | CORP              | GR        |    850000 | PA      | $1062666.45   | 0.03%             | 2030-04-16      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| EquipmentShare                                          | OWN Equipment Fund II LLC                                                                                              | CUSIP: 690912AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1147014 | PA      | $1161905.45   | 0.03%             | 2033-09-26      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                           | Carnival Corp                                                                                                          | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   3118000 | PA      | $3166534.73   | 0.09%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                                                        | CUSIP: 3140AN5Y1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    938652 | PA      | $960914.14    | 0.03%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SUPERIOR PLUS/GEN PRTNR                                 | Superior Plus LP / Superior General Partner Inc                                                                        | CUSIP: 86828LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     50000 | PA      | $48278.36     | 0.00%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                    | Edison International                                                                                                   | CUSIP: 281020AY3<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    750000 | PA      | $756186.77    | 0.02%             | 2028-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                    | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    499000 | PA      | $505571.83    | 0.02%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                    | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   6279000 | PA      | $6226432.21   | 0.18%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                 | Hyundai Capital America                                                                                                | CUSIP: 44891ADW4<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    166000 | PA      | $169621.83    | 0.01%             | 2030-06-24      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Truist Bank Auto Credit-Linked Notes                    | Truist Bank Auto Credit-Linked Notes Series 2025-1                                                                     | CUSIP: 897926CB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2549000 | PA      | $2553463.17   | 0.08%             | 2033-09-26      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                 | United Rentals North America Inc                                                                                       | CUSIP: 911365BL7<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    385000 | PA      | $387260.34    | 0.01%             | 2030-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                                   | Micron Technology Inc                                                                                                  | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   7450000 | PA      | $7964282.51   | 0.24%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 3132DSFJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9666612 | PA      | $9914399.07   | 0.29%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                        | Deutsche Bank AG                                                                                                       | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1500000 | PA      | $1820454.89   | 0.05%             | 2030-04-04      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                                   | NGL Energy Operating LLC / NGL Energy Finance Corp                                                                     | CUSIP: 62922LAD0<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |   2370000 | PA      | $2430567.72   | 0.07%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                        | SMB Private Education Loan Trust 2021-A                                                                                | CUSIP: 78448YAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    213421 | PA      | $194993.10    | 0.01%             | 2053-01-15      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                              | Humana Inc                                                                                                             | CUSIP: 444859CC4<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1635002.36   | 0.05%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                     | Avantor Funding Inc                                                                                                    | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    941000 | PA      | $895742.70    | 0.03%             | 2029-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                | Charter Communications Operating LLC / Charter Communications Operating Capital                                        | CUSIP: 161175CJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3545000 | PA      | $3363628.44   | 0.10%             | 2033-04-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2024-KING                                                                                 | CUSIP: 05612RAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    738281 | PA      | $741552.52    | 0.02%             | 2034-05-15      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| Venator Materials PLC                                   | Venator Materials PLC                                                                                                  | CUSIP: 000000000<br>LEI: 549300WFXC4YL5IHX316 | Long             | EC               | CORP              | GB        |        90 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CVS HEALTH CORP                                         | CVS Health Corp                                                                                                        | CUSIP: 126650EF3<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   8129000 | PA      | $8228344.83   | 0.24%             | 2054-06-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                    | Edison International                                                                                                   | CUSIP: 281020BB2<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   6380000 | PA      | $6324083.26   | 0.19%             | 2032-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Steele Creek CLO Ltd                                    | Steele Creek CLO 2019-2 LTD                                                                                            | CUSIP: 85817EAY9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2846000 | PA      | $2839661.96   | 0.08%             | 2032-07-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98411.94     | 0.00%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                      | BMO 2024-C9 Mortgage Trust                                                                                             | CUSIP: 05593MAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1897000 | PA      | $2013280.03   | 0.06%             | 2057-07-15      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| INGLES MARKETS INC                                      | Ingles Markets Inc                                                                                                     | CUSIP: 457030AK0<br>LEI: 549300XH5RYBMYP8TF26 | Long             | DBT              | CORP              | US        |   4424000 | PA      | $4161966.48   | 0.12%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                          | Morgan Stanley                                                                                                         | CUSIP: 61747YFG5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    514000 | PA      | $535707.22    | 0.02%             | 2034-07-21      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                          | CPS Auto Receivables Trust 2024-A                                                                                      | CUSIP: 22411CAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101104.98    | 0.00%             | 2030-04-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                             | PURCHASED USD / SOLD EUR                                                                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $11217.71     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NY Commercial Mortgage Trust                            | NY Commercial Mortgage Trust 2025-299P                                                                                 | CUSIP: 62957FAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    456000 | PA      | $475383.56    | 0.01%             | 2047-02-10      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                                     | LYB International Finance III LLC                                                                                      | CUSIP: 50249AAM5<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |    724000 | PA      | $728626.05    | 0.02%             | 2034-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                     | Elevance Health Inc                                                                                                    | CUSIP: 036752BL6<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2082903.75   | 0.06%             | 2055-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                               | PG&E Corp                                                                                                              | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   5709000 | PA      | $5875303.46   | 0.17%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                            | Broadcom Inc                                                                                                           | CUSIP: 11135FBL4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   3155000 | PA      | $2880546.99   | 0.09%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: BCGC54AY1 IRS USD R V 00MSOFR BCGC54AY1_FLO CCPOIS / Short: BCGC54AY1 IRS USD P F  3.56250 BCGC54AY1_FIX CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4700000 | OU      | $306315.92    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                                     | Dow Chemical Co/The                                                                                                    | CUSIP: 260543DH3<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1202896.47   | 0.04%             | 2053-05-15      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Vibrant CLO Ltd                                         | Vibrant CLO IX-R Ltd                                                                                                   | CUSIP: 92557BAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    471000 | PA      | $471582.63    | 0.01%             | 2037-04-20      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| TRAVELERS COS INC                                       | Travelers Cos Inc/The                                                                                                  | CUSIP: 89417EAT6<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |    128000 | PA      | $130346.50    | 0.00%             | 2035-07-24      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| VERISK ANALYTICS INC                                    | Verisk Analytics Inc                                                                                                   | CUSIP: 92345YAN6<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |   4460000 | PA      | $4503891.40   | 0.13%             | 2036-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                  | Sunoco LP / Sunoco Finance Corp                                                                                        | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2051000 | PA      | $2002345.17   | 0.06%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                                  | Canyon CLO 2021-4 Ltd                                                                                                  | CUSIP: 13877PAS6<br>LEI: 254900V38Q76ALAJY818 | Long             | ABS-CBDO         | CORP              | KY        |   2659000 | PA      | $2659000.00   | 0.08%             | 2034-10-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                                   | Norfolk Southern Corp                                                                                                  | CUSIP: 655844CR7<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |     57000 | PA      | $59132.54     | 0.00%             | 2030-08-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                     | Elevance Health Inc                                                                                                    | CUSIP: 036752BK8<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   6140000 | PA      | $6097750.78   | 0.18%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                  | Cloud Software Group Inc                                                                                               | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   5672000 | PA      | $6022860.73   | 0.18%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2021-VOLT                                                                                 | CUSIP: 05609VAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3831543 | PA      | $3821542.07   | 0.11%             | 2036-09-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                  | Santander Drive Auto Receivables Trust 2022-7                                                                          | CUSIP: 80287FAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    149000 | PA      | $152011.11    | 0.00%             | 2031-03-17      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                   | Caesars Entertainment Inc                                                                                              | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3014109.95   | 0.09%             | 2029-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitization Trust                 | United Auto Credit Securitization Trust 2024-1                                                                         | CUSIP: 90945DAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3074129.40   | 0.09%             | 2029-11-12      | Fixed         | 8.30%                 | No            |                  2 | On Loan: No      |
| CELULOSA ARAUCO CONSTITU                                | Celulosa Arauco y Constitucion SA                                                                                      | CUSIP: 151191BR3<br>LEI: 549300QEKV8G0AMNQD28 | Long             | DBT              | CORP              | CL        |   1315000 | PA      | $1375490.00   | 0.04%             | 2032-05-05      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                           | UBS Commercial Mortgage Trust 2017-C1                                                                                  | CUSIP: 90276EAH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1915000 | PA      | $1870943.32   | 0.06%             | 2050-06-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                 | Goldman Sachs Group Inc/The                                                                                            | CUSIP: 38141GA95<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5455000 | PA      | $5814051.59   | 0.17%             | 2035-04-25      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                              | PacifiCorp                                                                                                             | CUSIP: 695114DE5<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   3375000 | PA      | $3310983.51   | 0.10%             | 2055-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| WSTN Trust                                              | WSTN Trust 2023-MAUI                                                                                                   | CUSIP: 92943AAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    148000 | PA      | $150582.36    | 0.00%             | 2037-07-05      | Variable      | 7.96%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                       | Johnson & Johnson                                                                                                      | CUSIP: 478160DL5<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1144036.41   | 0.03%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NY Commercial Mortgage Trust                            | NY Commercial Mortgage Trust 2025-299P                                                                                 | CUSIP: 62957FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    475000 | PA      | $499594.03    | 0.01%             | 2047-02-10      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                  | Pacific Gas and Electric Co                                                                                            | CUSIP: 694308KK2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    930000 | PA      | $995655.24    | 0.03%             | 2053-04-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                        | SMB Private Education Loan Trust 2021-A                                                                                | CUSIP: 78448YAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    101629 | PA      | $92820.58     | 0.00%             | 2053-01-15      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                                   | QXO Building Products Inc                                                                                              | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |   4710000 | PA      | $4888491.05   | 0.15%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                            | Synopsys Inc                                                                                                           | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2544130.80   | 0.08%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                   | Directv Financing LLC / Directv Financing Co-Obligor Inc                                                               | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2224000 | PA      | $2223183.79   | 0.07%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                   | Wells Fargo & Co                                                                                                       | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1134747.58   | 0.03%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                     | Citigroup Commercial Mortgage Trust 2023-SMRT                                                                          | CUSIP: 17291NAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    245000 | PA      | $248232.19    | 0.01%             | 2040-10-12      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                                                        | CUSIP: 3140AQJ94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    244072 | PA      | $249861.09    | 0.01%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP                                    | Capstone Copper Corp                                                                                                   | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |    750000 | PA      | $773166.75    | 0.02%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                 | Light & Wonder International Inc                                                                                       | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    980000 | PA      | $982322.60    | 0.03%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                                                         | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |   2320000 | PA      | $840801.87    | 0.02%             | 2050-01-31      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN INC                                          | Transocean International Ltd                                                                                           | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    850000 | PA      | $838691.79    | 0.02%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                                      | Siemens Funding BV                                                                                                     | CUSIP: 82622RAF3<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |    704000 | PA      | $756618.31    | 0.02%             | 2055-05-28      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LIMITED                               | HUB International Limited 2025 Term Loan B                                                                             | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |     41183 | PA      | $41289.85     | 0.00%             | 2030-06-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                  | Verizon Communications Inc                                                                                             | CUSIP: 92343VGP3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    324000 | PA      | $248890.16    | 0.01%             | 2052-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Transocean Poseidon Ltd                                 | Transocean Poseidon Ltd                                                                                                | CUSIP: 89383JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    153900 | PA      | $154209.15    | 0.00%             | 2027-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                 | Bristol-Myers Squibb Co                                                                                                | CUSIP: 110122EH7<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    427000 | PA      | $442960.11    | 0.01%             | 2034-02-22      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                     | Station Casinos LLC                                                                                                    | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1099916.13   | 0.03%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                     | NOVA Chemicals Corp                                                                                                    | CUSIP: 66977WAS8<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    525000 | PA      | $508509.75    | 0.02%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                            | Broadcom Inc                                                                                                           | CUSIP: 11135FCD1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    885000 | PA      | $891532.29    | 0.03%             | 2034-10-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                             | Evergreen Credit Card Trust                                                                                            | CUSIP: 30023JCX4<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |    246000 | PA      | $249119.55    | 0.01%             | 2029-05-15      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                       | Newell Brands Inc                                                                                                      | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    330000 | PA      | $349877.88    | 0.01%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                  | PNC Financial Services Group Inc/The                                                                                   | CUSIP: 693475BZ7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   6095000 | PA      | $6311383.35   | 0.19%             | 2035-07-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QYX4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     35000 | PA      | $23975.00     | 0.00%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: SCGBZHQN8 IRS USD R F  4.07150 BCGBZHQN8_FIX CCPOIS / Short: SCGBZHQN8 IRS USD P V 00MSOFR BCGBZHQN8_FLO CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  80000000 | OU      | $414680.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                        | LPL Holdings Inc                                                                                                       | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    385000 | PA      | $376873.56    | 0.01%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                 | Crescent Energy Finance LLC                                                                                            | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |   5280000 | PA      | $5247148.90   | 0.16%             | 2032-04-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC             | BBCMS 2018-TALL Mortgage Trust                                                                                         | CUSIP: 05548WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1518782.56   | 0.05%             | 2037-03-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                     | JPMorgan Chase & Co                                                                                                    | CUSIP: 46647PEJ1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2287975.58   | 0.07%             | 2030-07-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                                                         | CUSIP: 10554TAJ4<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |   6100000 | PA      | $2282925.00   | 0.07%             | 2034-10-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| IRB INFRASTRUCTURE DEVELOPERS                           | IRB INFRASTRUCTURE DEVELOPERS                                                                                          | CUSIP: 000000000<br>LEI: 335800XGO3AITGW6AK27 | Long             | DBT              | CORP              | IN        |    435000 | PA      | $452161.97    | 0.01%             | 2032-03-11      | Fixed         | 7.11%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                          | Morgan Stanley                                                                                                         | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1491000 | PA      | $1539025.04   | 0.05%             | 2035-07-19      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: BCGF1F2W6 IRS USD R V 12MSOFR BCGF1F2W6_FLO CCPOIS / Short: BCGF1F2W6 IRS USD P F  3.50650 BCGF1F2W6_FIX CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        | 140000000 | OU      | $1711318.00   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| WOLFSPEED INC                                           | Wolfspeed Inc                                                                                                          | CUSIP: 977852AE2<br>LEI: 549300OGU88P3AW3TO93 | Long             | SN               | CORP              | US        |    112705 | PA      | $123411.98    | 0.00%             | 2030-06-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                          | Home Depot Inc/The                                                                                                     | CUSIP: 437076DF6<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    221000 | PA      | $216449.75    | 0.01%             | 2054-06-25      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2020-VIV3                                                                                 | CUSIP: 05608EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    494572 | PA      | $465287.50    | 0.01%             | 2044-03-09      | Variable      | 3.66%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                      | Union Pacific Corp                                                                                                     | CUSIP: 907818FZ6<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    358000 | PA      | $258958.71    | 0.01%             | 2053-02-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                 | Starwood Property Trust Inc                                                                                            | CUSIP: 85571BBG9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |   3095000 | PA      | $3096943.29   | 0.09%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397C27<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    350000 | PA      | $349545.15    | 0.01%             | 2027-05-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ALPHA BANK SA                                           | Alpha Bank SA                                                                                                          | CUSIP: 000000000<br>LEI: 213800DBQIB6VBNU5C64 | Long             | DBT              | CORP              | GR        |    100000 | PA      | $119273.87    | 0.00%             | 2031-06-11      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| GREAT CAN GAMING/RAPTOR                                 | Great Canadian Gaming Corp/Raptor LLC                                                                                  | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | XX        |    700000 | PA      | $692710.34    | 0.02%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| FXI HOLDINGS INC                                        | FXI Holdings Inc                                                                                                       | CUSIP: 35166FAA0<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |   5812000 | PA      | $5128508.80   | 0.15%             | 2026-11-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                          | Home Depot Inc/The                                                                                                     | CUSIP: 437076DD1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    591000 | PA      | $610213.10    | 0.02%             | 2031-06-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                           | Carnival Corp                                                                                                          | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   4350000 | PA      | $4432336.80   | 0.13%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WSTN Trust                                              | WSTN Trust 2023-MAUI                                                                                                   | CUSIP: 92943AAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2516000 | PA      | $2533671.13   | 0.08%             | 2037-07-05      | Variable      | 8.75%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                                                         | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |   1489000 | PA      | $643992.50    | 0.02%             | 2028-01-10      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                  | UnitedHealth Group Inc                                                                                                 | CUSIP: 91324PFR8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   6285000 | PA      | $6557338.85   | 0.19%             | 2055-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Hertz Corporation, (The)                                | Hertz Corporation (The) 2021 Term Loan B                                                                               | CUSIP: 42804VBB6<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |    412651 | PA      | $372933.24    | 0.01%             | 2028-06-30      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                | Benchmark 2023-B38 Mortgage Trust                                                                                      | CUSIP: 081916AG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    226000 | PA      | $237279.84    | 0.01%             | 2056-04-15      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2024-GPA2                                                                                 | CUSIP: 12433DAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2355000 | PA      | $2362680.60   | 0.07%             | 2041-11-15      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                            | Hudson Yards 2025-SPRL Mortgage Trust                                                                                  | CUSIP: 44855PAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7070000 | PA      | $7336912.30   | 0.22%             | 2040-01-13      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: SCG8MRA95 IRS USD R F  4.69200 BCG8MRA95_FIX CCPOIS / Short: SCG8MRA95 IRS USD P V 00MSOFR BCG8MRA95_FLO CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  16200000 | OU      | $621432.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                     | Exeter Automobile Receivables Trust 2023-2                                                                             | CUSIP: 30168CAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2212000 | PA      | $2375852.79   | 0.07%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                          | Transocean International Ltd                                                                                           | CUSIP: 893830BL2<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    361000 | PA      | $360774.25    | 0.01%             | 2027-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                               | IQVIA Inc                                                                                                              | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   2598000 | PA      | $2674357.82   | 0.08%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                                                        | CUSIP: 3140B2ZH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    498908 | PA      | $511258.04    | 0.02%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                             | Hertz Vehicle Financing III LLC                                                                                        | CUSIP: 42806MCB3<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    203000 | PA      | $206791.35    | 0.01%             | 2028-02-25      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                     | Citigroup Commercial Mortgage Trust 2020-GC46                                                                          | CUSIP: 17328RBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140000 | PA      | $123584.05    | 0.00%             | 2053-02-15      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD                                       | Battalion CLO XII Ltd                                                                                                  | CUSIP: 07133RBC8<br>LEI: 549300JIE0P78OIZGS60 | Long             | ABS-CBDO         | CORP              | KY        |   6944000 | PA      | $6925494.24   | 0.21%             | 2031-05-17      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE                                | Perrigo Finance Unlimited Co                                                                                           | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |   2595000 | PA      | $2614553.30   | 0.08%             | 2032-09-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                              | US Bancorp                                                                                                             | CUSIP: 91159HJR2<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   5146000 | PA      | $5419974.94   | 0.16%             | 2035-01-23      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                                         | Xcel Energy Inc                                                                                                        | CUSIP: 98389BBE9<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   2619000 | PA      | $2717086.19   | 0.08%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                  | Pacific Gas and Electric Co                                                                                            | CUSIP: 694308JT5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    420000 | PA      | $386434.06    | 0.01%             | 2031-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | Service Properties Trust                                                                                               | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |   7140000 | PA      | $6075230.29   | 0.18%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BLACKROCK FUNDING INC                                   | BlackRock Funding Inc                                                                                                  | CUSIP: 09290DAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1767000 | PA      | $1725004.52   | 0.05%             | 2054-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                          | Morgan Stanley                                                                                                         | CUSIP: 61747YFM2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209468.22    | 0.01%             | 2039-02-07      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                                                         | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4084000 | PA      | $4213390.92   | 0.13%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                      | Advance Auto Parts Inc                                                                                                 | CUSIP: 00751YAE6<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   8136000 | PA      | $7560047.68   | 0.22%             | 2030-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Global SC Finance SRL                                   | Global SC Finance X Ltd                                                                                                | CUSIP: 37893FAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6887000 | PA      | $6900946.18   | 0.21%             | 2045-09-22      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                   | Wells Fargo & Co                                                                                                       | CUSIP: 95000U2S1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24307.42     | 0.00%             | 2028-06-02      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| Owens & Minor Inc                                       | Owens & Minor Inc 2022 Term Loan B                                                                                     | CUSIP: 69073LAD2<br>LEI: 549300LMT5KQQXCEZ733 | Long             | LON              | CORP              | US        |    800000 | PA      | $799666.40    | 0.02%             | 2029-03-29      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                                   | Norfolk Southern Corp                                                                                                  | CUSIP: 655844CS5<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |   2926000 | PA      | $2884919.60   | 0.09%             | 2054-08-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust 2024-MRCO                  | JW Trust 2024-BERY                                                                                                     | CUSIP: 46676AAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    942000 | PA      | $945930.02    | 0.03%             | 2039-11-15      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFO MGMT                                 | Iron Mountain Information Management Services Inc                                                                      | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |   8012000 | PA      | $7726900.19   | 0.23%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                 | Frontier Communications Holdings LLC                                                                                   | CUSIP: 35908MAD2<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52273.00     | 0.00%             | 2030-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                     | Sirius XM Radio LLC                                                                                                    | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   5302000 | PA      | $4976454.92   | 0.15%             | 2030-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                                     | Dow Chemical Co/The                                                                                                    | CUSIP: 260543DK6<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   5545000 | PA      | $5024286.13   | 0.15%             | 2054-02-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                                | California Resources Corp                                                                                              | CUSIP: 13057QAH0<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120336.94    | 0.00%             | 2026-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                              | GLS Auto Receivables Issuer Trust 2024-2                                                                               | CUSIP: 37964VAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1170000 | PA      | $1228460.34   | 0.04%             | 2031-05-15      | Fixed         | 7.98%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP                                 | Gulfport Energy Operating Corp                                                                                         | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    520000 | PA      | $534270.65    | 0.02%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                  | Diamondback Energy Inc                                                                                                 | CUSIP: 25278XBC2<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   1342000 | PA      | $1378342.04   | 0.04%             | 2035-04-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                            | Navient Corp                                                                                                           | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   5050000 | PA      | $5320215.40   | 0.16%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                | RHP Hotel Properties LP / RHP Finance Corp                                                                             | CUSIP: 749571AJ4<br>LEI: N/A                  | Long             | DBT              |  | US        |     79000 | PA      | $81557.23     | 0.00%             | 2028-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                  | Sequoia Mortgage Trust 2025-HYB1                                                                                       | CUSIP: 816938AB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8205000 | PA      | $8249328.33   | 0.25%             | 2055-10-25      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                  | Pacific Gas and Electric Co                                                                                            | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     74000 | PA      | $73515.80     | 0.00%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                     | Exeter Automobile Receivables Trust 2023-4                                                                             | CUSIP: 30166TAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1180691.60   | 0.04%             | 2031-02-18      | Fixed         | 9.57%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                | Capital One Financial Corp                                                                                             | CUSIP: 14040HDE2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   2501000 | PA      | $2597180.31   | 0.08%             | 2030-02-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                                                        | CUSIP: 31418FKP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7892713 | PA      | $8068603.37   | 0.24%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QKW1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     80000 | PA      | $55000.00     | 0.00%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL SA                                | TotalEnergies Capital SA                                                                                               | CUSIP: 89157XAB7<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $198017.85    | 0.01%             | 2054-04-05      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                              | DaVita Inc                                                                                                             | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   3705000 | PA      | $3823700.79   | 0.11%             | 2033-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                 | Goldman Sachs Group Inc/The                                                                                            | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4359000 | PA      | $4552219.91   | 0.14%             | 2036-01-28      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust 2025-VLT7                                                                                                     | CUSIP: 123913AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4325000 | PA      | $4349717.38   | 0.13%             | 2044-07-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                        | BAT Capital Corp                                                                                                       | CUSIP: 05526DCC7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   8602000 | PA      | $8943276.61   | 0.27%             | 2035-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust 2018-C46                                                                         | CUSIP: 95001QAY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    967000 | PA      | $931366.05    | 0.03%             | 2051-08-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                                   | Norfolk Southern Corp                                                                                                  | CUSIP: 655844CQ9<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14921.10     | 0.00%             | 2033-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                 | Frontier Communications Holdings LLC                                                                                   | CUSIP: 35908MAE0<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    125000 | PA      | $131886.38    | 0.00%             | 2031-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                                    | Targa Resources Corp                                                                                                   | CUSIP: 87612GAQ4<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   2005000 | PA      | $2054010.62   | 0.06%             | 2036-02-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                         | Nissan Motor Co Ltd                                                                                                    | CUSIP: 654922AB9<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |   2395000 | PA      | $2515293.67   | 0.07%             | 2030-07-17      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| KILROY REALTY LP                                        | Kilroy Realty LP                                                                                                       | CUSIP: 49427RAS1<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              |  | US        |    673000 | PA      | $696707.12    | 0.02%             | 2036-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                             | Hertz Vehicle Financing III LLC                                                                                        | CUSIP: 42806MCS6<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $257867.43    | 0.01%             | 2029-01-25      | Fixed         | 9.22%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                 | ATI Inc                                                                                                                | CUSIP: 01741RAL6<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |   1232000 | PA      | $1212296.50   | 0.04%             | 2029-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                     | Synchrony Financial                                                                                                    | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   8193000 | PA      | $8746878.59   | 0.26%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                      | Union Pacific Corp                                                                                                     | CUSIP: 907818GH5<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   1256000 | PA      | $1276641.48   | 0.04%             | 2054-12-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                 | Bristol-Myers Squibb Co                                                                                                | CUSIP: 110122EL8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    725000 | PA      | $719559.49    | 0.02%             | 2064-02-22      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                 | Crescent Energy Finance LLC                                                                                            | CUSIP: 45344LAC7<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |   1518000 | PA      | $1577076.01   | 0.05%             | 2028-02-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                      | Meta Platforms Inc                                                                                                     | CUSIP: 30303M8J4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   5952000 | PA      | $5114826.74   | 0.15%             | 2052-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                  | Roper Technologies Inc                                                                                                 | CUSIP: 776696AM8<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   4581000 | PA      | $4619722.14   | 0.14%             | 2035-09-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                  | SCIH Salt Holdings Inc                                                                                                 | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4535000 | PA      | $4450148.02   | 0.13%             | 2029-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                        | Bank of Montreal                                                                                                       | CUSIP: 06368MXV1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1517000 | PA      | $1510206.78   | 0.04%             | 2031-09-22      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                                                        | CUSIP: 31418E5Q9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  15092460 | PA      | $15436939.93  | 0.46%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fortress Credit BSL Limited                             | Fortress Credit BSL VIII Ltd                                                                                           | CUSIP: 34962DAW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2820000 | PA      | $2824416.12   | 0.08%             | 2032-10-20      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                      | Union Pacific Corp                                                                                                     | CUSIP: 907818GG7<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   3242000 | PA      | $3335097.27   | 0.10%             | 2035-02-20      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                                | USA Compression Partners LP / USA Compression Finance Corp                                                             | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2102000 | PA      | $2169314.45   | 0.06%             | 2029-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                                | Science Applications International Corp                                                                                | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |   1285000 | PA      | $1286202.19   | 0.04%             | 2033-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FRST STU BID/FRST TRANS                                 | First Student Bidco Inc / First Transit Parent Inc                                                                     | CUSIP: 337120AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3747000 | PA      | $3567178.47   | 0.11%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                   | Mission Lane Credit Card Master Trust                                                                                  | CUSIP: 60510MCD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1209000 | PA      | $1212723.72   | 0.04%             | 2030-12-16      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                                    | CITGO Petroleum Corp                                                                                                   | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |    555000 | PA      | $578139.06    | 0.02%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                      | VICI Properties LP                                                                                                     | CUSIP: 925650AK9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |    944000 | PA      | $967253.99    | 0.03%             | 2035-04-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                      | Subway Funding LLC                                                                                                     | CUSIP: 864300AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1264445 | PA      | $1266840.11   | 0.04%             | 2054-07-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                   | Caesars Entertainment Inc                                                                                              | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    642000 | PA      | $660773.63    | 0.02%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC             | BBCMS Mortgage Trust 2024-C24                                                                                          | CUSIP: 07336VAY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    207000 | PA      | $207865.92    | 0.01%             | 2057-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                | Hess Midstream Operations LP                                                                                           | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1162805.76   | 0.03%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                            | CaixaBank SA                                                                                                           | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   1500000 | PA      | $1819237.92   | 0.05%             | 2036-08-08      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| BANK5 2024-5YR9                                         | BANK5 2024-5YR9                                                                                                        | CUSIP: 06644VBS8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3265000 | PA      | $3406764.01   | 0.10%             | 2057-08-15      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                                                         | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    885000 | PA      | $887605.44    | 0.03%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                   | Truist Financial Corp                                                                                                  | CUSIP: 89788MAP7<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   4154000 | PA      | $4402633.10   | 0.13%             | 2034-06-08      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                            | Navient Corp                                                                                                           | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    963000 | PA      | $1065154.08   | 0.03%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Hawaii Hotel Trust                                      | Hawaii Hotel Trust 2025-MAUI                                                                                           | CUSIP: 419909AE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    281000 | PA      | $281894.70    | 0.01%             | 2042-03-15      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC CO                                       | Union Electric Co                                                                                                      | CUSIP: 906548DA7<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |   2640000 | PA      | $2723756.32   | 0.08%             | 2035-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS                                | Wyndham Hotels & Resorts Inc                                                                                           | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |   1776000 | PA      | $1734968.54   | 0.05%             | 2028-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 3132DWPJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  26323846 | PA      | $26916320.83  | 0.80%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust 2016-C35                                                                         | CUSIP: 95000FAZ9<br>LEI: 549300MZIB10PDVAE312 | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2944103.70   | 0.09%             | 2048-07-15      | Variable      | 4.18%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust                | Ford Credit Floorplan Master Owner Trust A                                                                             | CUSIP: 34528QHZ0<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |    584000 | PA      | $589555.53    | 0.02%             | 2028-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                    | CUSIP: 71654QBW1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    166000 | PA      | $165135.56    | 0.00%             | 2026-01-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                 | Hyundai Capital America                                                                                                | CUSIP: 44891ADV6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    257000 | PA      | $260723.26    | 0.01%             | 2028-06-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                | Permian Resources Operating LLC                                                                                        | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    830000 | PA      | $834337.58    | 0.02%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Blue Owl Asset Leasing Trust                            | Blue Owl Asset Leasing Trust 2024-1 LLC                                                                                | CUSIP: 095921AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    139000 | PA      | $141962.17    | 0.00%             | 2031-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                | Benchmark 2024-V5 Mortgage Trust                                                                                       | CUSIP: 08163XBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    101000 | PA      | $104188.22    | 0.00%             | 2057-01-10      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| Manhattan West                                          | Manhattan West 2020-1MW Mortgage Trust                                                                                 | CUSIP: 563136AG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2942308 | PA      | $2798449.73   | 0.08%             | 2039-09-10      | Variable      | 2.41%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN                                 | Borr IHC Ltd / Borr Finance LLC                                                                                        | CUSIP: 100018AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1460316 | PA      | $1464043.47   | 0.04%             | 2030-11-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| TRUST FIBRAUNO                                          | Trust Fibra Uno                                                                                                        | CUSIP: 89834JAB9<br>LEI: N/A                  | Long             | DBT              |  | MX        |    280000 | PA      | $302802.92    | 0.01%             | 2032-01-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust            | Arivo Acceptance Auto Loan Receivables Trust 2025-1                                                                    | CUSIP: 039962AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $755218.65    | 0.02%             | 2032-10-15      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                   | Trivium Packaging Finance BV                                                                                           | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    215000 | PA      | $229533.79    | 0.01%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                            | Centene Corp                                                                                                           | CUSIP: 15135BAZ4<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1765000 | PA      | $1517379.59   | 0.05%             | 2031-08-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                  | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer                                       | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              |  | US        |   5977000 | PA      | $5832306.39   | 0.17%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QAJ1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |      5000 | PA      | $3425.00      | 0.00%             | 2020-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                  | Pacific Gas and Electric Co                                                                                            | CUSIP: 694308KM8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   6245000 | PA      | $6715942.26   | 0.20%             | 2033-06-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust                                   | CCG Receivables Trust 2025-1                                                                                           | CUSIP: 12515XAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $162087.55    | 0.00%             | 2032-10-14      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Bank                                                    | BANK 2022-BNK44                                                                                                        | CUSIP: 06540KBB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $491755.85    | 0.01%             | 2055-11-15      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                | Charter Communications Operating LLC / Charter Communications Operating Capital                                        | CUSIP: 161175CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2320000 | PA      | $1572424.13   | 0.05%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                                          | Hertz Corp/The                                                                                                         | CUSIP: 428040DA4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1107952.31   | 0.03%             | 2026-12-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                               | Boeing Co/The                                                                                                          | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    730000 | PA      | $745317.55    | 0.02%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                 | Crescent Energy Finance LLC                                                                                            | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |   4469000 | PA      | $4354881.94   | 0.13%             | 2033-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                 | MPT Operating Partnership LP / MPT Finance Corp                                                                        | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              |  | US        |  13497000 | PA      | $14351724.52  | 0.43%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| DC Commercial Mortgage Trust                            | DC Commercial Mortgage Trust 2023-DC                                                                                   | CUSIP: 24023AAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1546000 | PA      | $1575534.47   | 0.05%             | 2040-09-12      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| IRV Trust                                               | IRV Trust 2025-200P                                                                                                    | CUSIP: 45006HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3088669 | PA      | $3162924.31   | 0.09%             | 2047-03-14      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust 2024-FNX                                                                                                      | CUSIP: 05593TAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7191000 | PA      | $7220584.12   | 0.21%             | 2041-11-15      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| Navient Corp                                            | Navient Corp                                                                                                           | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |  11982000 | PA      | $10940470.76  | 0.33%             | 2033-08-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                        | T-Mobile USA Inc                                                                                                       | CUSIP: 87264ADS1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    327000 | PA      | $336626.56    | 0.01%             | 2032-05-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QVX7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    175000 | PA      | $120312.50    | 0.00%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                              | BFLD Commercial Mortgage Trust 2025-5MW                                                                                | CUSIP: 088921AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9148000 | PA      | $9134396.92   | 0.27%             | 2042-10-10      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| HOUSTON GALLERIA MALL TRUST                             | Houston Galleria Mall Trust 2025-HGLR                                                                                  | CUSIP: 44216XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1076000 | PA      | $1114641.10   | 0.03%             | 2045-02-05      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                    | Edison International                                                                                                   | CUSIP: 281020BA4<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1255141.38   | 0.04%             | 2029-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                  | Diamondback Energy Inc                                                                                                 | CUSIP: 25278XBA6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   3692000 | PA      | $3556317.67   | 0.11%             | 2054-04-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NESCO HOLDINGS II INC                                   | NESCO Holdings II Inc                                                                                                  | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |   7990000 | PA      | $7830759.30   | 0.23%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALPHA BANK SA                                           | Alpha Bank SA                                                                                                          | CUSIP: 000000000<br>LEI: 213800DBQIB6VBNU5C64 | Long             | DBT              | CORP              | GR        |    100000 | PA      | $125428.14    | 0.00%             | 2030-05-12      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA                                                 | BPCE SA                                                                                                                | CUSIP: 05571AAY1<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   4050000 | PA      | $4244254.93   | 0.13%             | 2035-05-30      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                | Avis Budget Rental Car Funding AESOP LLC                                                                               | CUSIP: 05377RGV0<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101951.90    | 0.00%             | 2028-02-22      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                         | Nissan Motor Co Ltd                                                                                                    | CUSIP: 654744AC5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    205000 | PA      | $201286.69    | 0.01%             | 2027-09-17      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                                    | Veritiv Operating Co                                                                                                   | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    650000 | PA      | $698410.68    | 0.02%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                                | Sealed Air Corp/Sealed Air Corp US                                                                                     | CUSIP: 812127AA6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   1854000 | PA      | $1881062.84   | 0.06%             | 2028-02-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                           | Boeing Co/The                                                                                                          | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   4054000 | PA      | $4484778.57   | 0.13%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                                      | Analog Devices Inc                                                                                                     | CUSIP: 032654BC8<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |     62000 | PA      | $61023.69     | 0.00%             | 2054-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                       | Credit Acceptance Auto Loan Trust 2023-3                                                                               | CUSIP: 224936AE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    136000 | PA      | $140889.72    | 0.00%             | 2033-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                                          | OWN Equipment Fund II LLC                                                                                              | CUSIP: 690912AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5066944 | PA      | $5121044.27   | 0.15%             | 2033-09-26      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| Business Jet Securities, LLC                            | Business Jet Securities 2024-2 LLC                                                                                     | CUSIP: 12326TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    577658 | PA      | $581056.21    | 0.02%             | 2039-09-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| REPSOL E&P CAP MARKETS                                  | Repsol E&P Capital Markets US LLC                                                                                      | CUSIP: 76026AAC1<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |   3636000 | PA      | $3706106.44   | 0.11%             | 2035-09-16      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Ellucian Holdings, Inc.                                 | Ellucian Holdings Inc 2024 2nd Lien Term Loan                                                                          | CUSIP: 28917XAE0<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |    425000 | PA      | $435093.75    | 0.01%             | 2032-11-22      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                      | Advance Auto Parts Inc                                                                                                 | CUSIP: 00751YAG1<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   4661000 | PA      | $4079540.72   | 0.12%             | 2032-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 3132DWLT8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     32581 | PA      | $32916.21     | 0.00%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BALTIMORE GAS & ELECTRIC                                | Baltimore Gas and Electric Co                                                                                          | CUSIP: 059165ER7<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $2003688.07   | 0.06%             | 2034-06-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                          | Morgan Stanley                                                                                                         | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   8414000 | PA      | $8881275.61   | 0.26%             | 2036-04-17      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                  | Pacific Gas and Electric Co                                                                                            | CUSIP: 694308JH1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    135000 | PA      | $102387.81    | 0.00%             | 2040-08-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                               | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C22                                                            | CUSIP: 61690FAP8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    483000 | PA      | $465963.87    | 0.01%             | 2048-04-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                         | CVS Health Corp                                                                                                        | CUSIP: 126650EM8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1526791.34   | 0.05%             | 2065-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                      | BMO 2024-5C5 Mortgage Trust                                                                                            | CUSIP: 05593RAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2268000 | PA      | $2374364.44   | 0.07%             | 2057-02-15      | Variable      | 6.98%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust          | Finance of America Structured Securities Trust Series 2025-PC1                                                         | CUSIP: 316929AA6<br>LEI: 254900FJW75GV74X3O58 | Long             | ABS-MBS          | CORP              | US        |   4775040 | PA      | $4618126.07   | 0.14%             | 2075-05-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                | Benchmark 2023-B40 Mortgage Trust                                                                                      | CUSIP: 08163WAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    893000 | PA      | $945370.79    | 0.03%             | 2056-12-15      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust 2025-VLT6                                                                                                     | CUSIP: 12433KAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5373000 | PA      | $5377870.09   | 0.16%             | 2042-03-15      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                | Univision Communications Inc                                                                                           | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   5565000 | PA      | $5253705.59   | 0.16%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                 | Imperial Brands Finance PLC                                                                                            | CUSIP: 45262BAL7<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   1297000 | PA      | $1348088.10   | 0.04%             | 2055-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                   | Truist Financial Corp                                                                                                  | CUSIP: 89788MAT9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   3137000 | PA      | $3229333.86   | 0.10%             | 2032-08-05      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                  | EquipmentShare.com Inc                                                                                                 | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   3360000 | PA      | $3594013.92   | 0.11%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                | Celanese US Holdings LLC                                                                                               | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   9554000 | PA      | $9938574.20   | 0.30%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                    | Samarco Mineracao SA                                                                                                   | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |    228710 | PA      | $230039.95    | 0.01%             | 2031-06-30      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA INC                                        | T-Mobile USA Inc                                                                                                       | CUSIP: 000000000<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1424401.93   | 0.04%             | 2037-02-11      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                      | Expand Energy Corp                                                                                                     | CUSIP: 845467AT6<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    285000 | PA      | $280212.62    | 0.01%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                                   | Duke Energy Carolinas LLC                                                                                              | CUSIP: 26442CBK9<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    275000 | PA      | $270101.77    | 0.01%             | 2053-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| EUROBANK SA                                             | Eurobank SA                                                                                                            | CUSIP: 000000000<br>LEI: 213800KGF4EFNUQKAT69 | Long             | DBT              | CORP              | GR        |    100000 | PA      | $121226.12    | 0.00%             | 2030-09-24      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Venator Materials LLC                                   | Venator Materials LLC 2024 First Out Term Loan B                                                                       | CUSIP: 000000000<br>LEI: 2221000BJZTBBAJL7429 | Long             | LON              | CORP              | LU        |      9927 | PA      | $2462.00      | 0.00%             | 2026-07-16      | Floating      | 8.00%                 | No            |                  3 | On Loan: No      |
| TREEHOUSE FOODS INC                                     | TreeHouse Foods Inc                                                                                                    | CUSIP: 89469AAD6<br>LEI: 5493007M7EVHE470Q576 | Long             | DBT              | CORP              | US        |   5308000 | PA      | $5173343.68   | 0.15%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                | Warnermedia Holdings Inc                                                                                               | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1305000 | PA      | $1197337.50   | 0.04%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                   | Venture Global Plaquemines LNG LLC                                                                                     | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   4220000 | PA      | $4485024.44   | 0.13%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                         | CVS Health Corp                                                                                                        | CUSIP: 126650EE6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    750000 | PA      | $761350.82    | 0.02%             | 2044-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust            | American Credit Acceptance Receivables Trust 2024-1                                                                    | CUSIP: 02531AAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5980000 | PA      | $6179897.05   | 0.18%             | 2031-11-12      | Fixed         | 7.98%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                     | Sirius XM Radio LLC                                                                                                    | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   2060000 | PA      | $1992224.62   | 0.06%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 3132DWLM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1006347 | PA      | $1029867.16   | 0.03%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust                                     | DT Auto Owner Trust 2023-3                                                                                             | CUSIP: 23345WAD7<br>LEI: 549300XVMF0FUK76JG97 | Long             | ABS-O            | CORP              | US        |    269000 | PA      | $279106.71    | 0.01%             | 2029-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                                 | Central Garden & Pet Co                                                                                                | CUSIP: 153527AP1<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |   9070000 | PA      | $8473976.92   | 0.25%             | 2031-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                   | Civitas Resources Inc                                                                                                  | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   5268000 | PA      | $5459884.32   | 0.16%             | 2030-11-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                             | Evergreen Credit Card Trust                                                                                            | CUSIP: 30023JCY2<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |    172000 | PA      | $174005.97    | 0.01%             | 2029-05-15      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: SCGCBGCF6 IRS USD R F  4.16100 BCGCBGCF6_FIX CCPOIS / Short: SCGCBGCF6 IRS USD P V 00MSOFR BCGCBGCF6_FLO CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  35000000 | OU      | $252329.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                           | CommScope LLC                                                                                                          | CUSIP: 20338QAA1<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    148000 | PA      | $149743.37    | 0.00%             | 2027-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| COTY/HFC PRESTIGE/INT US                                | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC                                                   | CUSIP: 22207AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1053812.57   | 0.03%             | 2030-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                   | PennyMac Financial Services Inc                                                                                        | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1342891.70   | 0.04%             | 2032-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TAKEDA US FIN                                           | Takeda US Financing Inc                                                                                                | CUSIP: 87406BAB8<br>LEI: 254900ZGPIBGBZ2N3A33 | Long             | DBT              | CORP              | US        |   2677000 | PA      | $2759956.56   | 0.08%             | 2055-07-07      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                           | UBS Commercial Mortgage Trust 2017-C3                                                                                  | CUSIP: 90276GAY8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    791222 | PA      | $735768.65    | 0.02%             | 2050-08-15      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| NFE FINANCING LLC                                       | NFE Financing LLC                                                                                                      | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  31597714 | PA      | $9321325.63   | 0.28%             | 2029-11-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| OXFORD FIN LLC/CO-ISS II                                | Oxford Finance LLC / Oxford Finance Co-Issuer II Inc                                                                   | CUSIP: 69145LAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $235181.70    | 0.01%             | 2027-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                   | Freedom Mortgage Holdings LLC                                                                                          | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   3845000 | PA      | $4033328.10   | 0.12%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: BCG8YX0N9 IRS USD R V 00MSOFR BCG8YX0N9_FLO CCPOIS / Short: BCG8YX0N9 IRS USD P F  3.45600 BCG8YX0N9_FIX CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  55000000 | OU      | $423599.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                 | Royal Caribbean Cruises Ltd                                                                                            | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   3374000 | PA      | $3394980.95   | 0.10%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP                                    | Ryan Specialty LLC                                                                                                     | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    445000 | PA      | $431710.12    | 0.01%             | 2030-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US ULTRA BOND CBT DEC25                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -306 | NC      | $-879427.17   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                | Univision Communications Inc                                                                                           | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   4425000 | PA      | $4588747.13   | 0.14%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                       | Brown & Brown Inc                                                                                                      | CUSIP: 115236AN1<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   2596000 | PA      | $2733846.07   | 0.08%             | 2055-06-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                                 | Pfizer Investment Enterprises Pte Ltd                                                                                  | CUSIP: 716973AG7<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   5473000 | PA      | $5292789.49   | 0.16%             | 2053-05-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                 | MPT Operating Partnership LP / MPT Finance Corp                                                                        | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              |  | US        |  10928000 | PA      | $10596965.75  | 0.31%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                 | Kodiak Gas Services LLC                                                                                                | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    865000 | PA      | $881262.73    | 0.03%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                   | Civitas Resources Inc                                                                                                  | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    190000 | PA      | $200831.35    | 0.01%             | 2033-06-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                           | TransDigm Inc                                                                                                          | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1739287.14   | 0.05%             | 2034-01-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                           | Citigroup Inc                                                                                                          | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    325000 | PA      | $328424.74    | 0.01%             | 2036-09-11      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Bank                                                    | BANK 2023-BNK46                                                                                                        | CUSIP: 06541DBT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    380113 | PA      | $407209.74    | 0.01%             | 2056-08-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                                | Comision Federal de Electricidad                                                                                       | CUSIP: 200447AP5<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |   2040000 | PA      | $2081797.56   | 0.06%             | 2035-01-24      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                    | Reworld Holding Corp                                                                                                   | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |   4210000 | PA      | $3963200.12   | 0.12%             | 2029-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                             | Paychex Inc                                                                                                            | CUSIP: 704326AC1<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    267000 | PA      | $279678.43    | 0.01%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                             | 3 MONTH SOFR OPT DEC26C 98                                                                                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |       198 | NC      | $38362.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                                 | Public Service Electric and Gas Co                                                                                     | CUSIP: 74456QCU8<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1837471.68   | 0.05%             | 2035-03-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE                                | Compass Group Diversified Holdings LLC                                                                                 | CUSIP: 20451RAC6<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |   3041307 | PA      | $2727399.71   | 0.08%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FS Commerical Mortgage Trust 2023-4SZN                  | FS Commercial Mortgage Trust 2023-4SZN                                                                                 | CUSIP: 30334RAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3655000 | PA      | $3759845.87   | 0.11%             | 2039-11-10      | Variable      | 9.38%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                            | Synopsys Inc                                                                                                           | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   7100000 | PA      | $7170619.16   | 0.21%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                | Marsh & McLennan Cos Inc                                                                                               | CUSIP: 571748CD2<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |   4764000 | PA      | $4675649.38   | 0.14%             | 2055-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                    | Bank of America Corp                                                                                                   | CUSIP: 06051GLU1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2934000 | PA      | $3145182.60   | 0.09%             | 2034-09-15      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Endo Luxembourg Finance Company I S.a r.l.              | Endo Luxembourg Finance Company I Sa rl 2024 1st Lien Term Loan                                                        | CUSIP: 29280UAD5<br>LEI: 222100B15VY0VVCTG251 | Long             | LON              | CORP              | US        |    915750 | PA      | $918325.09    | 0.03%             | 2031-04-23      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                         | Long: S978T5JT4 CDS USD R F  1.00000 Z978T5JT4_FEE CCPCDX / Short: S978T5JT4 CDS USD P V 03MEVENT Z978T5JT4_PRO CCPCDX | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   6642000 | OU      | $151221.74    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                    | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     33000 | PA      | $26227.79     | 0.00%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| ITHACA ENERGY NORTH                                     | Ithaca Energy North Sea PLC                                                                                            | CUSIP: 46567TAC8<br>LEI: 213800BMMUN3AKWBIO91 | Long             | DBT              | CORP              | GB        |    565000 | PA      | $591705.29    | 0.02%             | 2029-10-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                            | Broadcom Inc                                                                                                           | CUSIP: 11135FBY6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1687000 | PA      | $1753385.69   | 0.05%             | 2031-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                                           | CoreLogic Inc                                                                                                          | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |   6956000 | PA      | $6766986.00   | 0.20%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                         | Sealed Air Corp                                                                                                        | CUSIP: 81211KAY6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1399671.81   | 0.04%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                     | Freddie Mac STACR REMIC Trust 2020-HQA5                                                                                | CUSIP: 35565TBE8<br>LEI: 5493000IT2BRJ2Q9YQ96 | Long             | ABS-MBS          | USGSE             | US        |   1180000 | PA      | $1448258.60   | 0.04%             | 2050-11-25      | Floating      | 11.76%                | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                                    | Waste Management Inc                                                                                                   | CUSIP: 94106LCE7<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   3465000 | PA      | $3518793.61   | 0.10%             | 2035-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QA69<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    160000 | PA      | $110000.00    | 0.00%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                                    | Raizen Fuels Finance SA                                                                                                | CUSIP: 75102XAE6<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |   2115000 | PA      | $2056837.50   | 0.06%             | 2037-02-25      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                                  | Blackstone Mortgage Trust Inc                                                                                          | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              |  | US        |    154000 | PA      | $162612.91    | 0.00%             | 2029-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Ondeck Asset Securitization Trust LLC                   | OnDeck Asset Securitization Trust IV LLC                                                                               | CUSIP: 67118NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    316000 | PA      | $326268.55    | 0.01%             | 2031-06-17      | Fixed         | 8.99%                 | No            |                  2 | On Loan: No      |
| Hawaii Hotel Trust                                      | Hawaii Hotel Trust 2025-MAUI                                                                                           | CUSIP: 419909AG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1630000 | PA      | $1636939.07   | 0.05%             | 2042-03-15      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                             | Hertz Vehicle Financing III LLC                                                                                        | CUSIP: 42806MCW7<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   1414000 | PA      | $1416792.93   | 0.04%             | 2029-09-25      | Fixed         | 7.98%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Limited                     | TMCL VII Holdings Ltd                                                                                                  | CUSIP: 87257FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |   4698000 | PA      | $4715990.05   | 0.14%             | 2050-07-23      | Fixed         | 8.06%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS D                                | Axalta Coating Systems Dutch Holding B BV                                                                              | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |    834000 | PA      | $873589.56    | 0.03%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397G72<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1464000 | PA      | $1489361.21   | 0.04%             | 2028-03-20      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| BMP Trust                                               | BMP 2024-MF23                                                                                                          | CUSIP: 05593JAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2809000 | PA      | $2816482.05   | 0.08%             | 2041-06-15      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                      | Ford Motor Co                                                                                                          | CUSIP: 345370CS7<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    511000 | PA      | $430784.44    | 0.01%             | 2046-12-08      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                    | Cleveland-Cliffs Inc                                                                                                   | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303364.50    | 0.01%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                 | Teva Pharmaceutical Finance Netherlands III BV                                                                         | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   3865000 | PA      | $4015379.42   | 0.12%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance LLC                         | Wingspire Equipment Finance 2025-1 LLC                                                                                 | CUSIP: 97415CAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    360000 | PA      | $360122.40    | 0.01%             | 2033-09-20      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                    | Cleveland-Cliffs Inc                                                                                                   | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   6388000 | PA      | $6515255.35   | 0.19%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CARLYLE GROUP INC/THE                                   | Carlyle Group Inc/The                                                                                                  | CUSIP: 14316JAA6<br>LEI: 529900NGGVF94UK6PG95 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249222.33    | 0.01%             | 2035-09-19      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                 | Bristol-Myers Squibb Co                                                                                                | CUSIP: 110122EK0<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   6811000 | PA      | $6793072.43   | 0.20%             | 2054-02-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QKR2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     10000 | PA      | $6850.00      | 0.00%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                          | OPAL BIDCO                                                                                                             | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    975000 | PA      | $999985.35    | 0.03%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ondeck Asset Securitization Trust LLC                   | OnDeck Asset Securitization Trust IV LLC                                                                               | CUSIP: 67108SAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    343000 | PA      | $344275.62    | 0.01%             | 2031-10-17      | Fixed         | 7.03%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                        | Great Wolf Trust 2024-WOLF                                                                                             | CUSIP: 39152MAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    960000 | PA      | $966787.78    | 0.03%             | 2039-03-15      | Floating      | 7.04%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US LONG BOND(CBT) DEC25                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       288 | NC      | $554284.15    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA GROUP/THE                                         | Cigna Group/The                                                                                                        | CUSIP: 125523DA5<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   2906000 | PA      | $3016711.74   | 0.09%             | 2056-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                      | Howard Hughes Corp/The                                                                                                 | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |   3811000 | PA      | $3576224.49   | 0.11%             | 2031-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                  | General Motors Financial Co Inc                                                                                        | CUSIP: 37045XFA9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1920000 | PA      | $1932599.92   | 0.06%             | 2034-09-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                                                        | CUSIP: 3140W0J97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1957085 | PA      | $2000989.78   | 0.06%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QZA3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     10000 | PA      | $6875.00      | 0.00%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                        | Altria Group Inc                                                                                                       | CUSIP: 02209SBV4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |   3050000 | PA      | $3084776.53   | 0.09%             | 2035-08-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                        | Duke Energy Corp                                                                                                       | CUSIP: 26441CBT1<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    329000 | PA      | $327171.48    | 0.01%             | 2032-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LSB INDUSTRIES                                          | LSB Industries Inc                                                                                                     | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |   2332000 | PA      | $2302423.71   | 0.07%             | 2028-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                      | Howard Hughes Corp/The                                                                                                 | CUSIP: 44267DAD9<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4984.31      | 0.00%             | 2028-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HLDGS LLC                                 | Sotera Health Holdings LLC                                                                                             | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |   3755000 | PA      | $3947511.34   | 0.12%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC             | BBCMS Mortgage Trust 2022-C15                                                                                          | CUSIP: 05552FBG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5684000 | PA      | $4845130.84   | 0.14%             | 2055-04-15      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                        | T-Mobile USA Inc                                                                                                       | CUSIP: 87264ACB9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90890.94     | 0.00%             | 2031-02-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                   | HUB International Ltd                                                                                                  | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   3185000 | PA      | $3318655.34   | 0.10%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                              | PacifiCorp                                                                                                             | CUSIP: 695114DA3<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    366000 | PA      | $345954.54    | 0.01%             | 2054-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GEOPARK LTD                                             | Geopark Ltd                                                                                                            | CUSIP: 37255BAC3<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |   4050000 | PA      | $3665067.75   | 0.11%             | 2030-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                        | Deutsche Bank AG/New York NY                                                                                           | CUSIP: 251526CU1<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1200000 | PA      | $1283827.94   | 0.04%             | 2029-11-20      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| Bank                                                    | BANK 2023-BNK45                                                                                                        | CUSIP: 06541BCC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    102000 | PA      | $104068.42    | 0.00%             | 2056-02-15      | Variable      | 6.49%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                          | Gray Media Inc                                                                                                         | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1509000 | PA      | $1134590.75   | 0.03%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QKK7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |      5000 | PA      | $3425.00      | 0.00%             | 2017-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                  | Cloud Software Group Inc                                                                                               | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   8643000 | PA      | $8974384.72   | 0.27%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QXR8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    195000 | PA      | $134062.50    | 0.00%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                                     | Dow Chemical Co/The                                                                                                    | CUSIP: 260543DP5<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   8943000 | PA      | $8991530.89   | 0.27%             | 2036-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                  | Mauser Packaging Solutions Holding Co                                                                                  | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   2710000 | PA      | $2739953.63   | 0.08%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                       | Post Holdings Inc                                                                                                      | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   4845000 | PA      | $4676236.05   | 0.14%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                   | Mission Lane Credit Card Master Trust                                                                                  | CUSIP: 60510MBX5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    953000 | PA      | $956307.10    | 0.03%             | 2031-09-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                  | Philip Morris International Inc                                                                                        | CUSIP: 718172DJ5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   6175000 | PA      | $6378717.82   | 0.19%             | 2034-02-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                     | General Electric Co                                                                                                    | CUSIP: 369604BZ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    271000 | PA      | $272720.66    | 0.01%             | 2030-07-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                     | Southern California Edison Co                                                                                          | CUSIP: 842400HD8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    645000 | PA      | $572447.97    | 0.02%             | 2031-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                          | CFMT 2023-H12 LLC                                                                                                      | CUSIP: 12530QAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    224000 | PA      | $221725.26    | 0.01%             | 2033-04-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                                                        | CUSIP: 31418FAX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  16651791 | PA      | $17032344.73  | 0.51%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                            | Alphabet Inc                                                                                                           | CUSIP: 02079KAN7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     97000 | PA      | $96597.56     | 0.00%             | 2065-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                          | CPS Auto Receivables Trust 2024-A                                                                                      | CUSIP: 22411CAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102212.77    | 0.00%             | 2030-04-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC CO                                       | Union Electric Co                                                                                                      | CUSIP: 906548CZ3<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47367.67     | 0.00%             | 2055-03-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                             | Extended Stay America Trust 2025-ESH                                                                                   | CUSIP: 30227TAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2914000 | PA      | $2921285.00   | 0.09%             | 2042-10-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                   | Venture Global Plaquemines LNG LLC                                                                                     | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2633206.00   | 0.08%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                                | Public Service Enterprise Group Inc                                                                                    | CUSIP: 744573BB1<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    705000 | PA      | $726983.76    | 0.02%             | 2035-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                         | CVS Health Corp                                                                                                        | CUSIP: 126650EL0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   5163000 | PA      | $5317556.93   | 0.16%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust            | American Credit Acceptance Receivables Trust 2023-1                                                                    | CUSIP: 02530UAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3225000 | PA      | $3338912.81   | 0.10%             | 2029-12-12      | Fixed         | 9.79%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                          | Eli Lilly & Co                                                                                                         | CUSIP: 532457DE5<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013411.67   | 0.03%             | 2035-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| B&G FOODS INC                                           | B&G Foods Inc                                                                                                          | CUSIP: 05508WAB1<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    990000 | PA      | $958976.57    | 0.03%             | 2027-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                | EQT Corp                                                                                                               | CUSIP: 26884LBD0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   3356000 | PA      | $3350460.49   | 0.10%             | 2031-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OWENS & MINOR INC                                       | Owens & Minor Inc                                                                                                      | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |  10335000 | PA      | $8536089.90   | 0.25%             | 2030-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Diebold Nixdorf Inc                                     | Diebold Nixdorf Inc                                                                                                    | CUSIP: 253651202<br>LEI: 549300XZK6EWDBAZSY16 | Long             | EC               | CORP              | US        |      3082 | NS      | $175766.46    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SCG Hotel Issuer Inc                                    | SCG Trust 2025-SNIP                                                                                                    | CUSIP: 78398JAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8227000 | PA      | $8263006.29   | 0.25%             | 2030-09-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust           | Bridgecrest Lending Auto Securitization Trust 2024-1                                                                   | CUSIP: 107933AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    527000 | PA      | $537367.99    | 0.02%             | 2029-11-15      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                                                        | CUSIP: 3140XQRW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3547754 | PA      | $3655886.58   | 0.11%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ANYWHERE RE GRP/REALOGY                                 | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                                                                | CUSIP: 75606DAQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2790000 | PA      | $2606840.96   | 0.08%             | 2030-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                            | ams-OSRAM AG                                                                                                           | CUSIP: 03217CAB2<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |   3975000 | PA      | $4281400.95   | 0.13%             | 2029-03-30      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                 | Goldman Sachs Group Inc/The                                                                                            | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2530000 | PA      | $2616815.74   | 0.08%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                   | Truist Financial Corp                                                                                                  | CUSIP: 89788MAS1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   6015000 | PA      | $6314054.79   | 0.19%             | 2035-01-24      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                 | Asbury Automotive Group Inc                                                                                            | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |   5215000 | PA      | $5065397.30   | 0.15%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                 | United Rentals North America Inc                                                                                       | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1910000 | PA      | $1988449.43   | 0.06%             | 2034-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QXU1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    135000 | PA      | $92475.00     | 0.00%             | 2021-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                                     | Sherwin-Williams Co/The                                                                                                | CUSIP: 824348BV7<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503521.35    | 0.01%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                 | UKG Inc                                                                                                                | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   3180000 | PA      | $3283636.20   | 0.10%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                     | Charles Schwab Corp/The                                                                                                | CUSIP: 808513CE3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   1292000 | PA      | $1383263.42   | 0.04%             | 2034-05-19      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                | Charter Communications Operating LLC / Charter Communications Operating Capital                                        | CUSIP: 161175CP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1314869.18   | 0.04%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust 2024-MRCO                  | JW Trust 2024-BERY                                                                                                     | CUSIP: 46676AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1381000 | PA      | $1385145.49   | 0.04%             | 2039-11-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                    | Samarco Mineracao SA                                                                                                   | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |    271290 | PA      | $272867.55    | 0.01%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                                | JH North America Holdings Inc                                                                                          | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    715000 | PA      | $732977.96    | 0.02%             | 2032-07-31      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                        | Great Wolf Trust 2024-WOLF                                                                                             | CUSIP: 39152MAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2642000 | PA      | $2658160.06   | 0.08%             | 2039-03-15      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                     | Exeter Automobile Receivables Trust 2024-1                                                                             | CUSIP: 30167PAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1170000 | PA      | $1223238.39   | 0.04%             | 2031-08-15      | Fixed         | 7.89%                 | No            |                  2 | On Loan: No      |
| Navient Education Loan Trust                            | Navient Education Loan Trust 2025-A                                                                                    | CUSIP: 63943EAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1083000 | PA      | $1094011.29   | 0.03%             | 2055-07-15      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust 2024-MRCO                  | JW Trust 2024-BERY                                                                                                     | CUSIP: 46676AAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2509043.50   | 0.07%             | 2039-11-15      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| VISTA OIL & GAS ARGENTIN                                | Vista Energy Argentina SAU                                                                                             | CUSIP: 92841RAB6<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |   2000000 | PA      | $2033396.00   | 0.06%             | 2033-06-10      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BANCO DE SABADELL SA                                    | Banco de Sabadell SA                                                                                                   | CUSIP: 000000000<br>LEI: SI5RG2M0WQQLZCXKRM20 | Long             | DBT              | CORP              | ES        |   1100000 | PA      | $1294997.75   | 0.04%             | 2033-02-18      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| ELM Trust 2024                                          | ELM Trust 2024-ELM                                                                                                     | CUSIP: 26860XAL5<br>LEI: 254900IIXJ23M1M8Y987 | Long             | ABS-MBS          | CORP              | US        |    669000 | PA      | $673563.65    | 0.02%             | 2039-06-10      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| Bank5                                                   | BANK5 2023-5YR4                                                                                                        | CUSIP: 06211FBF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    598000 | PA      | $641133.02    | 0.02%             | 2056-12-15      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                             | Oracle Corp                                                                                                            | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   7100000 | PA      | $7083076.37   | 0.21%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Avant Credit Card Master Trust                          | Avant Credit Card Master Trust                                                                                         | CUSIP: 05351KAN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5063962.50   | 0.15%             | 2029-05-15      | Fixed         | 8.98%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                     | Southern California Edison Co                                                                                          | CUSIP: 842400HZ9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   4280000 | PA      | $4257593.86   | 0.13%             | 2034-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                          | CPS Auto Receivables Trust 2022-D                                                                                      | CUSIP: 12663UAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3313893.60   | 0.10%             | 2030-06-17      | Fixed         | 12.12%                | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                                    | Sonic Automotive Inc                                                                                                   | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    814000 | PA      | $791130.43    | 0.02%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QZQ8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    110000 | PA      | $75350.00     | 0.00%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                             | Prologis LP                                                                                                            | CUSIP: 74340XCJ8<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |   2025000 | PA      | $2058857.33   | 0.06%             | 2034-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                 | Kodiak Gas Services LLC                                                                                                | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    865000 | PA      | $888684.81    | 0.03%             | 2035-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                            | GS Mortgage Securities Trust 2020-GSA2                                                                                 | CUSIP: 36264KBB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2950000 | PA      | $2346715.27   | 0.07%             | 2053-12-12      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| MITER BRAND / MIWD BORR                                 | Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC                                                                | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    608000 | PA      | $624949.82    | 0.02%             | 2032-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VFI ABS LLC                                             | VFI ABS 2025-1 LLC                                                                                                     | CUSIP: 91824UAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    770653 | PA      | $774252.30    | 0.02%             | 2030-06-24      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                                     | Dow Chemical Co/The                                                                                                    | CUSIP: 260543DN0<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1743332.97   | 0.05%             | 2031-01-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                                   | Hightower Holding LLC                                                                                                  | CUSIP: 43118DAA8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |   3425000 | PA      | $3381971.35   | 0.10%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                     | Exeter Automobile Receivables Trust 2023-5                                                                             | CUSIP: 30168DAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1351000 | PA      | $1462733.91   | 0.04%             | 2031-06-16      | Fixed         | 9.58%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                         | McDonald's Corp                                                                                                        | CUSIP: 58013MGA6<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    611000 | PA      | $619340.80    | 0.02%             | 2035-03-03      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                    | OneMain Finance Corp                                                                                                   | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   3725000 | PA      | $3852722.02   | 0.11%             | 2032-09-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                | Univision Communications Inc                                                                                           | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   5140000 | PA      | $5312046.08   | 0.16%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                | Warnermedia Holdings Inc                                                                                               | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |  18478000 | PA      | $14762905.71  | 0.44%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                                | JH North America Holdings Inc                                                                                          | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    740000 | PA      | $751991.43    | 0.02%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                     | Southern California Edison Co                                                                                          | CUSIP: 842400GG2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    219000 | PA      | $165931.64    | 0.00%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                                    | Sonic Automotive Inc                                                                                                   | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |   6170000 | PA      | $5904485.16   | 0.18%             | 2031-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                  | Comstock Resources Inc                                                                                                 | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   4630000 | PA      | $4462627.35   | 0.13%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                   | Truist Financial Corp                                                                                                  | CUSIP: 89788MAU6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    763000 | PA      | $782467.28    | 0.02%             | 2031-05-20      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| AIMBRIDGE ACQUISITION CO INC                            | AIMBRIDGE ACQUISITION CO INC                                                                                           | CUSIP: 000000000<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | EC               | CORP              | US        |     17246 | NS      | $1335357.78   | 0.04%             |  |  |  | No            |                  3 | On Loan: No      |
| Bank                                                    | BANK 2022-BNK44                                                                                                        | CUSIP: 06540KAW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    556000 | PA      | $564899.95    | 0.02%             | 2055-11-15      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| Hawaii Hotel Trust                                      | Hawaii Hotel Trust 2025-MAUI                                                                                           | CUSIP: 419909AJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2938000 | PA      | $2883104.35   | 0.09%             | 2042-03-15      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                       | State Street Corp                                                                                                      | CUSIP: 857477CC5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    601000 | PA      | $622843.05    | 0.02%             | 2034-05-18      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                      | BMO 2024-5C6 Mortgage Trust                                                                                            | CUSIP: 05593QAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1641000 | PA      | $1691971.43   | 0.05%             | 2057-09-15      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                      | BMO 2023-5C1 Mortgage Trust                                                                                            | CUSIP: 055986AG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1052000 | PA      | $1100040.21   | 0.03%             | 2056-08-15      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| AECOM                                                   | AECOM                                                                                                                  | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    105000 | PA      | $107437.05    | 0.00%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                | Venture Global Calcasieu Pass LLC                                                                                      | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   3067000 | PA      | $2896852.35   | 0.09%             | 2031-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                | Permian Resources Operating LLC                                                                                        | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4981862.40   | 0.15%             | 2032-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                          | Home Depot Inc/The                                                                                                     | CUSIP: 437076DE9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   2990000 | PA      | $3063070.91   | 0.09%             | 2034-06-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SMRT                                                    | SMRT 2022-MINI                                                                                                         | CUSIP: 78457JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1991425.00   | 0.06%             | 2039-01-15      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| TAMPA ELECTRIC CO                                       | Tampa Electric Co                                                                                                      | CUSIP: 875127BN1<br>LEI: WS423EPRKJIIJUITXD73 | Long             | DBT              | CORP              | US        |   2475000 | PA      | $2510676.23   | 0.07%             | 2035-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                | Avis Budget Rental Car Funding AESOP LLC                                                                               | CUSIP: 05377RJS4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    578000 | PA      | $592661.43    | 0.02%             | 2029-06-20      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                             | Prologis LP                                                                                                            | CUSIP: 74340XCN9<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |   1072000 | PA      | $1087114.58   | 0.03%             | 2035-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE                                | Compass Group Diversified Holdings LLC                                                                                 | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |   6486562 | PA      | $5997763.23   | 0.18%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                       | Johnson & Johnson                                                                                                      | CUSIP: 478160DK7<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    750000 | PA      | $778498.64    | 0.02%             | 2032-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                            | Navient Corp                                                                                                           | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    846000 | PA      | $954956.34    | 0.03%             | 2031-03-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| New Economy Assets Phase 1 Issuer LLC                   | New Economy Assets - Phase 1 Sponsor LLC                                                                               | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    201000 | PA      | $168327.09    | 0.01%             | 2061-10-20      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                             | Hertz Vehicle Financing III LLC                                                                                        | CUSIP: 42806MCV9<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   3298000 | PA      | $3347356.55   | 0.10%             | 2029-09-25      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                            | CaixaBank SA                                                                                                           | CUSIP: 12803RAL8<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    850000 | PA      | $859041.03    | 0.03%             | 2031-07-03      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                                 | Global Partners LP / GLP Finance Corp                                                                                  | CUSIP: 37954FAK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2595000 | PA      | $2738916.11   | 0.08%             | 2032-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| FIVE 2023-V1                                            | FIVE 2023-V1 Mortgage Trust                                                                                            | CUSIP: 337964AG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    195000 | PA      | $197488.04    | 0.01%             | 2056-02-10      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                       | Lithia Motors Inc                                                                                                      | CUSIP: 536797AJ2<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    740000 | PA      | $739626.30    | 0.02%             | 2030-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                    | CUSIP: 71654QDP4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   2365000 | PA      | $2746060.63   | 0.08%             | 2033-02-07      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                                | Hudson Pacific Properties LP                                                                                           | CUSIP: 44409MAB2<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |    500000 | PA      | $465744.60    | 0.01%             | 2029-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                | Univision Communications Inc                                                                                           | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   6104000 | PA      | $6138335.00   | 0.18%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                                        | Coca-Cola Co/The                                                                                                       | CUSIP: 191216DZ0<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |   2551000 | PA      | $2500886.06   | 0.07%             | 2055-01-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                      | Osaic Holdings Inc                                                                                                     | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |   2270000 | PA      | $2346399.12   | 0.07%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                 | Frontier Communications Holdings LLC                                                                                   | CUSIP: 35906ABF4<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24964.77     | 0.00%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                          | Transocean International Ltd                                                                                           | CUSIP: 893830AT6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |   2850000 | PA      | $2415870.53   | 0.07%             | 2038-03-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                   | Wells Fargo & Co                                                                                                       | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255873.07    | 0.01%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Finastra USA Inc                                        | Finastra USA Inc 2023 Revolver                                                                                         | CUSIP: 000000000<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |     28340 | PA      | $28552.55     | 0.00%             | 2029-09-13      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                            | Centene Corp                                                                                                           | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   7925000 | PA      | $6831659.08   | 0.20%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue Securities               | Multifamily Connecticut Avenue Securities Trust 2025-01                                                                | CUSIP: 62549CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4965115 | PA      | $4996702.69   | 0.15%             | 2055-05-25      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 3132DWNY5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7861921 | PA      | $8043813.70   | 0.24%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                      | Ardonagh Finco Ltd                                                                                                     | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |   1115000 | PA      | $1167593.44   | 0.03%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                              | Progress Residential 2025-SFR1 Trust                                                                                   | CUSIP: 74334NAG6<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   1799000 | PA      | $1683545.94   | 0.05%             | 2042-02-17      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                   | Mission Lane Credit Card Master Trust                                                                                  | CUSIP: 60510MCC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1801000 | PA      | $1806619.12   | 0.05%             | 2030-12-16      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                   | Genesis Energy LP / Genesis Energy Finance Corp                                                                        | CUSIP: 37185LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1790000 | PA      | $1868319.25   | 0.06%             | 2032-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                           | Carnival Corp                                                                                                          | CUSIP: 143658BW1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    575000 | PA      | $605814.25    | 0.02%             | 2029-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DURST Commercial Mortgage Trust                         | Durst Commercial Mortgage Trust 2025-151                                                                               | CUSIP: 266895AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4374000 | PA      | $4463546.72   | 0.13%             | 2042-08-10      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                | Electricite de France SA                                                                                               | CUSIP: 28504KAA5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |   2750000 | PA      | $3190613.25   | 0.09%             | 2033-03-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                        | BAT Capital Corp                                                                                                       | CUSIP: 05526DCD5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    261000 | PA      | $273103.09    | 0.01%             | 2055-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust 2025-5C4                                                                         | CUSIP: 949931AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1033000 | PA      | $1080663.24   | 0.03%             | 2058-05-15      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                   | Bath & Body Works Inc                                                                                                  | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    740000 | PA      | $770859.48    | 0.02%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                  | General Motors Financial Co Inc                                                                                        | CUSIP: 37045XFK7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2414000 | PA      | $2525894.62   | 0.08%             | 2035-07-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                  | EquipmentShare.com Inc                                                                                                 | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   4920000 | PA      | $5317998.48   | 0.16%             | 2032-05-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Orion CLO Ltd.                                          | Orion Clo 2023-1 Ltd                                                                                                   | CUSIP: 68626CAG9<br>LEI: 2138006D8Y42BDBTP628 | Long             | ABS-CBDO         | CORP              | JE        |    378000 | PA      | $378244.57    | 0.01%             | 2036-10-25      | Floating      | 9.47%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                      | BMO 2024-C10 Mortgage Trust                                                                                            | CUSIP: 096920AH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    396000 | PA      | $410427.71    | 0.01%             | 2057-11-15      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                | Performance Food Group Inc                                                                                             | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    166000 | PA      | $161430.27    | 0.00%             | 2029-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                      | BMO 2024-5C3 Mortgage Trust                                                                                            | CUSIP: 09660QAW4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    196000 | PA      | $204445.76    | 0.01%             | 2057-02-15      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| Benchmark 2024-V8 Mortgage Trust                        | Benchmark 2024-V8 Mortgage Trust                                                                                       | CUSIP: 08190AAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1897000 | PA      | $2015466.13   | 0.06%             | 2057-07-15      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                     | Citigroup Commercial Mortgage Trust 2023-SMRT                                                                          | CUSIP: 17291NAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1129000 | PA      | $1127447.85   | 0.03%             | 2040-10-12      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                   | Icahn Enterprises LP / Icahn Enterprises Finance Corp                                                                  | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    405000 | PA      | $407295.38    | 0.01%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance LLC                         | Wingspire Equipment Finance 2025-1 LLC                                                                                 | CUSIP: 97415CAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    533000 | PA      | $533369.05    | 0.02%             | 2033-09-20      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                    | Bank of America Corp                                                                                                   | CUSIP: 06051GMW6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3832000 | PA      | $3997073.25   | 0.12%             | 2036-05-09      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| ALPHA BANK SA                                           | Alpha Bank SA                                                                                                          | CUSIP: 000000000<br>LEI: 213800DBQIB6VBNU5C64 | Long             | DBT              | CORP              | GR        |    200000 | PA      | $259812.90    | 0.01%             | 2029-06-27      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                    | Boston Properties LP                                                                                                   | CUSIP: 10112RBH6<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |   1984000 | PA      | $2140879.38   | 0.06%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                     | Freddie Mac STACR REMIC Trust 2020-DNA4                                                                                | CUSIP: 35565XBE9<br>LEI: 5493000ITFTMJUMPDE35 | Long             | ABS-MBS          | USGSE             | US        |   6430000 | PA      | $8625714.47   | 0.26%             | 2050-08-25      | Floating      | 14.47%                | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                         | Nissan Motor Co Ltd                                                                                                    | CUSIP: 654922AC7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |   2500000 | PA      | $2647519.58   | 0.08%             | 2032-07-17      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MULTIFAMILY CONNECTICUT AVENUE SECURITIES TRUST 2020-01 | Multifamily Connecticut Avenue Securities Trust 2020-01                                                                | CUSIP: 62548QAD3<br>LEI: 5493002KQF9IH3CTQZ40 | Long             | ABS-MBS          | CORP              | US        |   1178459 | PA      | $1201620.61   | 0.04%             | 2050-03-25      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                              | Progress Residential 2024-SFR2 Trust                                                                                   | CUSIP: 74290XAJ0<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   1073000 | PA      | $996094.44    | 0.03%             | 2041-04-17      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust 2025-GW                                                                                                       | CUSIP: 12433GAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5520000 | PA      | $5547268.80   | 0.16%             | 2042-07-15      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                    | Boston Properties LP                                                                                                   | CUSIP: 10112RBF0<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |   3878000 | PA      | $3174611.66   | 0.09%             | 2033-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                  | SCIH Salt Holdings Inc                                                                                                 | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    553000 | PA      | $540838.53    | 0.02%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US 5YR NOTE (CBT) DEC25                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      1898 | NC      | $-3257.60     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust                                                | BX Trust 2025-VLT7                                                                                                     | CUSIP: 123913AE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3997000 | PA      | $4021129.09   | 0.12%             | 2044-07-15      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC             | BBCMS Mortgage Trust 2023-C20                                                                                          | CUSIP: 07336DBC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    470000 | PA      | $483947.67    | 0.01%             | 2056-07-15      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: BCG8Y4XV9 IRS USD R V 00MSOFR BCG8Y4XV9_FLO CCPOIS / Short: BCG8Y4XV9 IRS USD P F  3.36400 BCG8Y4XV9_FIX CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  10700000 | OU      | $1003562.63   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BLOCK INC                                               | Block Inc                                                                                                              | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   2698000 | PA      | $2513005.42   | 0.07%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                                     | Dow Chemical Co/The                                                                                                    | CUSIP: 260543DL4<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   1793000 | PA      | $1783730.94   | 0.05%             | 2035-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                | RHP Hotel Properties LP / RHP Finance Corp                                                                             | CUSIP: 749571AG0<br>LEI: N/A                  | Long             | DBT              |  | US        |   4041000 | PA      | $3966456.89   | 0.12%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                              | PacifiCorp                                                                                                             | CUSIP: 695114CZ9<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    754000 | PA      | $696183.18    | 0.02%             | 2053-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE TECH LLC                                      | CommScope Technologies LLC                                                                                             | CUSIP: 20338HAB9<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |   2860000 | PA      | $2839984.00   | 0.08%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                   | Ellucian Holdings Inc                                                                                                  | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1527627.00   | 0.05%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                            | CaixaBank SA                                                                                                           | CUSIP: 12803RAM6<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   3145000 | PA      | $3223011.22   | 0.10%             | 2036-07-03      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                  | UnitedHealth Group Inc                                                                                                 | CUSIP: 91324PDZ2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    444000 | PA      | $286450.62    | 0.01%             | 2050-05-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                                                        | CUSIP: 31418FHZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     53433 | PA      | $54644.91     | 0.00%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ACURIS FIN US/ACURIS FIN                                | Acuris Finance US Inc / Acuris Finance SARL                                                                            | CUSIP: 00511BAE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7612000 | PA      | $7961010.20   | 0.24%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust            | American Credit Acceptance Receivables Trust 2023-2                                                                    | CUSIP: 02529YAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    347000 | PA      | $351531.96    | 0.01%             | 2029-08-13      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 31427MUK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     29735 | PA      | $30032.38     | 0.00%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                              | Viasat Inc                                                                                                             | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   3265000 | PA      | $3254589.55   | 0.10%             | 2027-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                | Benchmark 2023-V3 Mortgage Trust                                                                                       | CUSIP: 08163VAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $518677.70    | 0.02%             | 2056-07-15      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust            | American Credit Acceptance Receivables Trust 2024-2                                                                    | CUSIP: 02531BAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3889000 | PA      | $4015051.82   | 0.12%             | 2031-11-12      | Fixed         | 7.87%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                 | FTAI Aviation Investors LLC                                                                                            | CUSIP: 34960PAH4<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4834473.60   | 0.14%             | 2033-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QA28<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     45000 | PA      | $30937.50     | 0.00%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust                           | BLP Commercial Mortgage Trust 2024-IND2                                                                                | CUSIP: 05625AAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1599723 | PA      | $1600913.79   | 0.05%             | 2041-03-15      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                | Baxter International Inc                                                                                               | CUSIP: 071813CV9<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $942136.38    | 0.03%             | 2051-12-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQUISITION HOLDI                                | Kronos Acquisition Holdings Inc                                                                                        | CUSIP: 50106GAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    535000 | PA      | $294427.14    | 0.01%             | 2032-06-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397G98<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3540000 | PA      | $3685190.06   | 0.11%             | 2032-03-19      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                                    | Noble Finance II LLC                                                                                                   | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5835000 | PA      | $6043916.34   | 0.18%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                  | PNC Financial Services Group Inc/The                                                                                   | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   6897000 | PA      | $7275542.60   | 0.22%             | 2035-01-22      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                               | Amgen Inc                                                                                                              | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   6163000 | PA      | $6385786.72   | 0.19%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                                       | EOG Resources Inc                                                                                                      | CUSIP: 26875PAX9<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    205000 | PA      | $206947.17    | 0.01%             | 2028-07-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                     | JPMorgan Chase & Co                                                                                                    | CUSIP: 46647PEW2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2616838.65   | 0.08%             | 2036-01-24      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HIGHWOODS REALTY LP                                     | Highwoods Realty LP                                                                                                    | CUSIP: 431282AU6<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              |  | US        |   3155000 | PA      | $3583212.50   | 0.11%             | 2034-02-01      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC             | BBCMS Mortgage Trust 2024-5C27                                                                                         | CUSIP: 05555FAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2530000 | PA      | $2654203.27   | 0.08%             | 2057-07-15      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                    | CUSIP: 71654QCB6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    542000 | PA      | $549507.24    | 0.02%             | 2026-08-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                         | Nissan Motor Co Ltd                                                                                                    | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |   9900000 | PA      | $10633788.00  | 0.32%             | 2035-07-17      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                                  | Ardonagh Group Finance Ltd                                                                                             | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |   5326000 | PA      | $5603400.93   | 0.17%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397E74<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    699000 | PA      | $707896.62    | 0.02%             | 2027-05-17      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| KASIKORNBANK PCL HK                                     | Kasikornbank PCL/Hong Kong                                                                                             | CUSIP: 000000000<br>LEI: 5493004COSQ54937AW41 | Long             | DBT              | CORP              | TH        |   2360000 | PA      | $2313378.13   | 0.07%             | 2031-10-02      | Fixed         | 3.34%                 | Yes           |                  2 | On Loan: No      |
| Rad CLO Ltd                                             | Rad CLO 7 Ltd                                                                                                          | CUSIP: 74936GAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2500787.50   | 0.07%             | 2036-04-17      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust 2025-VLT7                                                                                                     | CUSIP: 123913AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4016796.80   | 0.12%             | 2044-07-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                        | PURCHASED EUR / SOLD USD                                                                                               | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | XX        |         1 | NC      | $599.70       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                         | CVS Health Corp                                                                                                        | CUSIP: 126650EA4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    671000 | PA      | $661540.16    | 0.02%             | 2063-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                                                                         | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    280000 | PA      | $105730.80    | 0.00%             | 2030-01-31      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                     | Gilead Sciences Inc                                                                                                    | CUSIP: 375558CC5<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   4395000 | PA      | $4517407.08   | 0.13%             | 2035-06-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PIRAEUS BANK SA                                         | Piraeus Bank SA                                                                                                        | CUSIP: 000000000<br>LEI: 213800OYHR1MPQ5VJL60 | Long             | DBT              | CORP              | GR        |    150000 | PA      | $195745.85    | 0.01%             | 2029-12-05      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| MINERA MEXICO SA DE CV                                  | Minera Mexico SA de CV                                                                                                 | CUSIP: 60284MAC6<br>LEI: 2549005BMA2EK49I0T98 | Long             | DBT              | CORP              | MX        |   3435000 | PA      | $3548355.00   | 0.11%             | 2032-02-12      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MANAPPURAM FINANCE LTD                                  | Manappuram Finance Ltd                                                                                                 | CUSIP: 000000000<br>LEI: 335800JL5WTUSKOSPN77 | Long             | DBT              | CORP              | IN        |   1250000 | PA      | $1281211.81   | 0.04%             | 2028-05-12      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                  | Northern Oil & Gas Inc                                                                                                 | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    390000 | PA      | $388700.63    | 0.01%             | 2033-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                    | Garda World Security Corp                                                                                              | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   1360000 | PA      | $1412885.86   | 0.04%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                          | CPS Auto Receivables Trust 2025-C                                                                                      | CUSIP: 12634SAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3704000 | PA      | $3652213.64   | 0.11%             | 2033-02-15      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                     | Freddie Mac STACR REMIC Trust 2020-DNA6                                                                                | CUSIP: 35566CBE4<br>LEI: 5493000ITBQFEOXM0S98 | Long             | ABS-MBS          | USGSE             | US        |    425000 | PA      | $490413.37    | 0.01%             | 2050-12-25      | Floating      | 10.01%                | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                          | Gray Media Inc                                                                                                         | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    351000 | PA      | $269831.25    | 0.01%             | 2030-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                  | Pacific Gas and Electric Co                                                                                            | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |  10115000 | PA      | $6911243.18   | 0.21%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                                                        | CUSIP: 3140AFDN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    132661 | PA      | $133965.11    | 0.00%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                                          | OWN Equipment Fund I LLC                                                                                               | CUSIP: 69121NAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1707712 | PA      | $1740077.26   | 0.05%             | 2032-12-20      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                                   | NGL Energy Operating LLC / NGL Energy Finance Corp                                                                     | CUSIP: 62922LAC2<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |   1530000 | PA      | $1569861.09   | 0.05%             | 2029-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| UNISYS CORP                                             | Unisys Corp                                                                                                            | CUSIP: 909214BX5<br>LEI: 549300T21W22FIJJOW08 | Long             | DBT              | CORP              | US        |   9284000 | PA      | $9899343.52   | 0.29%             | 2031-01-15      | Fixed         | 10.63%                | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trust                         | Prestige Auto Receivables Trust 2023-1                                                                                 | CUSIP: 74113GAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    543000 | PA      | $551220.80    | 0.02%             | 2029-04-16      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                     | Gilead Sciences Inc                                                                                                    | CUSIP: 375558BZ5<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   2219000 | PA      | $2327974.80   | 0.07%             | 2033-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                 | Sasol Financing USA LLC                                                                                                | CUSIP: 000000000<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1764882.20   | 0.05%             | 2029-05-03      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                                 | Latam Airlines Group SA                                                                                                | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    755000 | PA      | $786483.50    | 0.02%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                               | Sunoco LP                                                                                                              | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1076284.05   | 0.03%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                  | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC                                                  | CUSIP: 013092AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $260997.21    | 0.01%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                            | Magnera Corp                                                                                                           | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |   9130000 | PA      | $8598086.20   | 0.26%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                        | BAT Capital Corp                                                                                                       | CUSIP: 054989AF5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    630000 | PA      | $623718.25    | 0.02%             | 2033-03-22      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                          | CFMT 2024-HB15 LLC                                                                                                     | CUSIP: 15723AAC5<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-MBS          | CORP              | US        |    637000 | PA      | $623126.20    | 0.02%             | 2034-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                                | Hudson Pacific Properties LP                                                                                           | CUSIP: 44409MAC0<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |   5635000 | PA      | $4844520.90   | 0.14%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                         | BAE Systems PLC                                                                                                        | CUSIP: 05523RAL1<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1036642.31   | 0.03%             | 2034-03-26      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                 | Teva Pharmaceutical Finance Netherlands III BV                                                                         | CUSIP: 88167AAS0<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   4752000 | PA      | $5191773.84   | 0.15%             | 2029-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                   | Mission Lane Credit Card Master Trust                                                                                  | CUSIP: 60510MCE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6592000 | PA      | $6612698.88   | 0.20%             | 2030-12-16      | Fixed         | 7.66%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                   | Mission Lane Credit Card Master Trust                                                                                  | CUSIP: 60510MCA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1271000 | PA      | $1274914.68   | 0.04%             | 2030-12-16      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                            | Comcast Corp                                                                                                           | CUSIP: 20030NEK3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   2518000 | PA      | $2472913.55   | 0.07%             | 2054-06-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                   | Mineral Resources Ltd                                                                                                  | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   2625000 | PA      | $2732598.75   | 0.08%             | 2030-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MMP Capital                                             | MMP Capital 2025-A LLC                                                                                                 | CUSIP: 55317QAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    830000 | PA      | $845614.38    | 0.03%             | 2031-12-15      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                            | GS Mortgage Securities Corp II                                                                                         | CUSIP: 36269JAE8<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |    380000 | PA      | $381796.18    | 0.01%             | 2041-03-10      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                                | Northern States Power Co/MN                                                                                            | CUSIP: 665772DA4<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    360000 | PA      | $369984.11    | 0.01%             | 2055-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                | Clear Channel Outdoor Holdings Inc                                                                                     | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121542.30    | 0.00%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ALA Trust                                               | ALA Trust 2025-OANA                                                                                                    | CUSIP: 009920AE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7426000 | PA      | $7500626.84   | 0.22%             | 2040-06-15      | Floating      | 6.24%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                  | UnitedHealth Group Inc                                                                                                 | CUSIP: 91324PFB3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   3290000 | PA      | $3343563.11   | 0.10%             | 2034-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                         | AdaptHealth LLC                                                                                                        | CUSIP: 00653VAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    265000 | PA      | $264573.77    | 0.01%             | 2028-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                  | Diamondback Energy Inc                                                                                                 | CUSIP: 25278XBB4<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   1211000 | PA      | $1166859.99   | 0.03%             | 2064-04-18      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                                | Canadian Pacific Railway Co                                                                                            | CUSIP: 13645RBK9<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   2323000 | PA      | $2395958.07   | 0.07%             | 2035-03-30      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                     | Medline Borrower LP                                                                                                    | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4762047.36   | 0.14%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                             | Hertz Vehicle Financing III LLC                                                                                        | CUSIP: 42806MCC1<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $306418.20    | 0.01%             | 2028-02-25      | Fixed         | 7.26%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN IV                                       | Teva Pharmaceutical Finance Netherlands IV BV                                                                          | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |   5145000 | PA      | $5303846.73   | 0.16%             | 2030-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC             | BBCMS Mortgage Trust 2025-5C33                                                                                         | CUSIP: 072924AF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3571000 | PA      | $3741700.23   | 0.11%             | 2058-03-15      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: BCGC5KT33 IRS USD R V 00MSOFR BCGC5KT33_FLO CCPOIS / Short: BCGC5KT33 IRS USD P F  3.66750 BCGC5KT33_FIX CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  11000000 | OU      | $519857.80    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FINASTRA USA INC                                        | FINASTRA USA INC 2025 1st LIEN TERM LOAN                                                                               | CUSIP: 31772YAD8<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |   4355000 | PA      | $4341935.00   | 0.13%             | 2032-09-15      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                | Avis Budget Rental Car Funding AESOP LLC                                                                               | CUSIP: 05377RFW9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    553000 | PA      | $557953.83    | 0.02%             | 2027-04-20      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                | Benchmark 2024-V12 Mortgage Trust                                                                                      | CUSIP: 081915AF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5183812.00   | 0.15%             | 2057-12-15      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397D42<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    500000 | PA      | $534763.54    | 0.02%             | 2030-06-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                | Ascent Resources Utica Holdings LLC / ARU Finance Corp                                                                 | CUSIP: 04364VAX1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    460000 | PA      | $469771.32    | 0.01%             | 2032-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                                      | Analog Devices Inc                                                                                                     | CUSIP: 032654BB0<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |   1649000 | PA      | $1711352.07   | 0.05%             | 2034-04-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                            | GS Mortgage Securities Corp II                                                                                         | CUSIP: 36269JAA6<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |    670000 | PA      | $672622.05    | 0.02%             | 2041-03-10      | Variable      | 5.49%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                                   | Aon North America Inc                                                                                                  | CUSIP: 03740MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5251000 | PA      | $5472201.58   | 0.16%             | 2034-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance LLC                         | Wingspire Equipment Finance 2025-1 LLC                                                                                 | CUSIP: 97415CAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1042000 | PA      | $1041674.38   | 0.03%             | 2033-09-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue Securities               | Multifamily Connecticut Avenue Securities Trust 2023-01                                                                | CUSIP: 62548NAB4<br>LEI: 254900JAK6X5OPMD5925 | Long             | ABS-MBS          | CORP              | US        |   4882000 | PA      | $5527778.76   | 0.16%             | 2053-11-25      | Floating      | 10.86%                | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                                    | RLJ Lodging Trust LP                                                                                                   | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |    140000 | PA      | $138701.00    | 0.00%             | 2026-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                          | Gray Media Inc                                                                                                         | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3936675.05   | 0.12%             | 2032-07-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| MI Windows and Doors LLC                                | MI Windows and Doors LLC 2024 Term Loan B2                                                                             | CUSIP: 55336CAK8<br>LEI: 2549001JQBGDT0WEQ156 | Long             | LON              | CORP              | US        |    232650 | PA      | $233730.19    | 0.01%             | 2031-03-28      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| CFG Investments Limited                                 | CFG Investments Ltd                                                                                                    | CUSIP: 12528GAP7<br>LEI: 549300C3OD89QRWQ1Y92 | Long             | ABS-O            | CORP              | KY        |    400000 | PA      | $420310.40    | 0.01%             | 2036-03-25      | Fixed         | 12.72%                | No            |                  2 | On Loan: No      |
| BROADCOM INC                                            | Broadcom Inc                                                                                                           | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   6530000 | PA      | $6732347.72   | 0.20%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Bank5                                                   | BANK5 2023-5YR2                                                                                                        | CUSIP: 06211CAP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    267000 | PA      | $283080.21    | 0.01%             | 2056-07-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINA                                | Embraer Netherlands Finance BV                                                                                         | CUSIP: 29082HAE2<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |    620000 | PA      | $658133.10    | 0.02%             | 2035-02-11      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                       | HSBC Holdings PLC                                                                                                      | CUSIP: 404280DW6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    814000 | PA      | $895766.89    | 0.03%             | 2044-03-09      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US 10YR NOTE (CBT)DEC25                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -194 | NC      | $144432.27    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| B&G FOODS INC                                           | B&G Foods Inc                                                                                                          | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |   6478000 | PA      | $6284708.14   | 0.19%             | 2028-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD                                | Transocean Titan Financing Ltd                                                                                         | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    685667 | PA      | $704386.74    | 0.02%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                | AT&T Inc                                                                                                               | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    675000 | PA      | $467259.42    | 0.01%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397G56<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   7100000 | PA      | $7297986.77   | 0.22%             | 2035-02-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bank                                                    | BANK 2019-BNK18                                                                                                        | CUSIP: 065402BH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $420395.15    | 0.01%             | 2062-05-15      | Variable      | 4.36%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                               | Block Inc                                                                                                              | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   3685000 | PA      | $3776093.20   | 0.11%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                               | Amgen Inc                                                                                                              | CUSIP: 031162DU1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   2850000 | PA      | $2845407.91   | 0.08%             | 2063-03-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                   | Mission Lane Credit Card Master Trust                                                                                  | CUSIP: 60510MBW7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    854000 | PA      | $856974.48    | 0.03%             | 2031-09-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                               | Amgen Inc                                                                                                              | CUSIP: 031162DC1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   4600000 | PA      | $3024811.24   | 0.09%             | 2052-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                | Mars Inc                                                                                                               | CUSIP: 571676BB0<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1350083.19   | 0.04%             | 2045-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                           | Carnival Corp                                                                                                          | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   6625000 | PA      | $6795037.25   | 0.20%             | 2033-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QKP6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     95000 | PA      | $65075.00     | 0.00%             | 2021-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                    | Cleveland-Cliffs Inc                                                                                                   | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   4175000 | PA      | $4306203.68   | 0.13%             | 2031-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QVY5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |      5000 | PA      | $3425.00      | 0.00%             | 2025-07-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: SCGC1GSK9 IRS USD R F  3.90100 BCGC1GSK9_FIX CCPOIS / Short: SCGC1GSK9 IRS USD P V 00MSOFR BCGC1GSK9_FLO CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   7200000 | OU      | $-52954.56    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                                       | Hyatt Hotels Corp                                                                                                      | CUSIP: 448579AV4<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    752000 | PA      | $784657.31    | 0.02%             | 2032-03-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Global SC Finance SRL                                   | Global SC Finance X Ltd                                                                                                | CUSIP: 37893FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4277000 | PA      | $4285305.93   | 0.13%             | 2045-09-22      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                               | Block Inc                                                                                                              | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   4640000 | PA      | $4806070.24   | 0.14%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                  | UnitedHealth Group Inc                                                                                                 | CUSIP: 91324PFJ6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   3435000 | PA      | $3526748.03   | 0.10%             | 2034-07-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SERVICENOW INC                                          | ServiceNow Inc                                                                                                         | CUSIP: 81762PAE2<br>LEI: 549300HJTQM36M0E1G39 | Long             | DBT              | CORP              | US        |     50000 | PA      | $43799.65     | 0.00%             | 2030-09-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                     | JPMorgan Chase & Co                                                                                                    | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5549000 | PA      | $5851757.05   | 0.17%             | 2036-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                                     | Sherwin-Williams Co/The                                                                                                | CUSIP: 824348BW5<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   1064000 | PA      | $1083179.13   | 0.03%             | 2035-08-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                | Charter Communications Operating LLC / Charter Communications Operating Capital                                        | CUSIP: 161175CT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1367000 | PA      | $1384229.86   | 0.04%             | 2055-12-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN                                 | Consolidated Energy Finance SA                                                                                         | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |   7208000 | PA      | $6604374.98   | 0.20%             | 2031-02-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| LIMA METRO LINE 2 FIN LT                                | Lima Metro Line 2 Finance Ltd                                                                                          | CUSIP: 000000000<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | CORP              | KY        |    471286 | PA      | $486814.90    | 0.01%             | 2034-07-05      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN INTERNATIONAL                                  | American International Group Inc                                                                                       | CUSIP: 026874DS3<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |   2556000 | PA      | $2631098.50   | 0.08%             | 2033-03-27      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                  | Northern Oil & Gas Inc                                                                                                 | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   5191000 | PA      | $5369284.90   | 0.16%             | 2031-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                              | GLS Auto Receivables Issuer Trust 2023-4                                                                               | CUSIP: 362929AG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1010000 | PA      | $1107470.15   | 0.03%             | 2030-08-15      | Fixed         | 9.72%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                                     | Clarivate Science Holdings Corp                                                                                        | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $327509.32    | 0.01%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                          | Home Depot Inc/The                                                                                                     | CUSIP: 437076DG4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   3490000 | PA      | $3451557.55   | 0.10%             | 2064-06-25      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                                   | Hightower Holding LLC                                                                                                  | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    200000 | PA      | $213124.80    | 0.01%             | 2030-01-31      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| Bank5                                                   | BANK5 2025-5YR17                                                                                                       | CUSIP: 06211GAU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1996000 | PA      | $2061488.56   | 0.06%             | 2058-11-15      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                | Marsh & McLennan Cos Inc                                                                                               | CUSIP: 571748CA8<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    180000 | PA      | $183086.76    | 0.01%             | 2030-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: SCGBZHQR9 IRS USD R F  3.95150 BCGBZHQR9_FIX CCPOIS / Short: SCGBZHQR9 IRS USD P V 00MSOFR BCGBZHQR9_FLO CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  22000000 | OU      | $259919.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2024-KING                                                                                 | CUSIP: 05612RAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2662943 | PA      | $2670416.14   | 0.08%             | 2034-05-15      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc                                       | Newell Brands Inc                                                                                                      | CUSIP: 651229AY2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    200000 | PA      | $176542.44    | 0.01%             | 2046-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue Securities               | Multifamily Connecticut Avenue Securities Trust 2025-01                                                                | CUSIP: 62549CAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1291000 | PA      | $1300965.75   | 0.04%             | 2055-05-25      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                  | Pacific Gas and Electric Co                                                                                            | CUSIP: 694308JW8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    220000 | PA      | $212177.41    | 0.01%             | 2028-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| APA CORP                                                | APA Corp                                                                                                               | CUSIP: 03743QBC1<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |   1188000 | PA      | $962972.90    | 0.03%             | 2042-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                                      | Baytex Energy Corp                                                                                                     | CUSIP: 07317QAJ4<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |   3030000 | PA      | $3117715.47   | 0.09%             | 2030-04-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                        | SMB Private Education Loan Trust 2024-A                                                                                | CUSIP: 831943AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4935000 | PA      | $5361182.16   | 0.16%             | 2056-03-15      | Fixed         | 8.22%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust            | American Credit Acceptance Receivables Trust 2023-4                                                                    | CUSIP: 02530CAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8071000 | PA      | $8575780.52   | 0.25%             | 2031-08-12      | Fixed         | 9.79%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                                | LCM Investments Holdings II LLC                                                                                        | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    535000 | PA      | $566230.09    | 0.02%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                        | Vital Energy Inc                                                                                                       | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |   3160000 | PA      | $3069694.47   | 0.09%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                      | BMO 2023-5C1 Mortgage Trust                                                                                            | CUSIP: 055986AH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    403000 | PA      | $416682.45    | 0.01%             | 2056-08-15      | Variable      | 7.35%                 | No            |                  2 | On Loan: No      |
| POWER FINANCE CORP LTD                                  | Power Finance Corp Ltd                                                                                                 | CUSIP: 000000000<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |    450000 | PA      | $422384.42    | 0.01%             | 2031-05-16      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                                       | Nexstar Media Inc                                                                                                      | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   5305000 | PA      | $5182307.55   | 0.15%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                 | Avis Budget Car Rental LLC / Avis Budget Finance Inc                                                                   | CUSIP: 053773BG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $969933.00    | 0.03%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                    | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3963000 | PA      | $3841076.72   | 0.11%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                 | Talen Energy Supply LLC 2023 Term Loan B                                                                               | CUSIP: 87422LAV2<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |     63538 | PA      | $63720.04     | 0.00%             | 2030-05-17      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                     | Southern California Edison Co                                                                                          | CUSIP: 842400JD6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   3916000 | PA      | $3709512.77   | 0.11%             | 2054-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                              | PacifiCorp                                                                                                             | CUSIP: 695114CY2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   1508000 | PA      | $921138.88    | 0.03%             | 2052-06-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                   | Mineral Resources Ltd                                                                                                  | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   3070000 | PA      | $3220611.13   | 0.10%             | 2028-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                                           | TopBuild Corp                                                                                                          | CUSIP: 89055FAD5<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1136659.62   | 0.03%             | 2034-01-31      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397E66<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2096000 | PA      | $2107235.84   | 0.06%             | 2034-03-08      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: SCGCAHPA2 IRS USD R F  4.06850 BCGCAHPA2_FIX CCPOIS / Short: SCGCAHPA2 IRS USD P V 00MSOFR BCGCAHPA2_FLO CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  25000000 | OU      | $864080.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MATERI                                | Solstice Advanced Materials Inc                                                                                        | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |    880000 | PA      | $883457.41    | 0.03%             | 2033-09-30      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                | Snap Inc                                                                                                               | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   8820000 | PA      | $9024656.10   | 0.27%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                              | AbbVie Inc                                                                                                             | CUSIP: 00287YDU0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   8631000 | PA      | $8884478.75   | 0.26%             | 2034-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                       | Cisco Systems Inc                                                                                                      | CUSIP: 17275RBT8<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |   4741000 | PA      | $4906004.86   | 0.15%             | 2034-02-26      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: BCG8Z22W4 IRS USD R V 00MSOFR BCG8Z22W4_FLO CCPOIS / Short: BCG8Z22W4 IRS USD P F  3.26800 BCG8Z22W4_FIX CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    750000 | OU      | $81471.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                       | Brown & Brown Inc                                                                                                      | CUSIP: 115236AL5<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   3393000 | PA      | $3481720.74   | 0.10%             | 2032-06-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC             | BBCMS Mortgage Trust 2024-C26                                                                                          | CUSIP: 05555AAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    286000 | PA      | $289569.97    | 0.01%             | 2057-05-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                               | Sunoco LP                                                                                                              | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   5615000 | PA      | $5896990.92   | 0.18%             | 2032-05-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitization Trust                | Castlelake Aircraft Structured Trust 2025-1                                                                            | CUSIP: 14856VAA5<br>LEI: 549300MHTIBONNXM3R82 | Long             | ABS-O            | CORP              | US        |   1226171 | PA      | $1246727.13   | 0.04%             | 2050-02-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| New Economy Assets Phase 1 Issuer LLC                   | New Economy Assets - Phase 1 Sponsor LLC                                                                               | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3473000 | PA      | $2358676.84   | 0.07%             | 2061-10-20      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                                                        | CUSIP: 31418FED5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    114766 | PA      | $115844.02    | 0.00%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Trust                                  | Invitation Homes 2024-SFR1 Trust                                                                                       | CUSIP: 46188DAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2034000 | PA      | $1936514.65   | 0.06%             | 2041-09-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Limited                     | TMCL VII Holdings Ltd                                                                                                  | CUSIP: 87257FAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |   2650076 | PA      | $2658580.70   | 0.08%             | 2050-07-23      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                          | Transocean International Ltd                                                                                           | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |   5236500 | PA      | $5513699.47   | 0.16%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                                  | Mondelez International Inc                                                                                             | CUSIP: 609207BE4<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |     72000 | PA      | $71961.39     | 0.00%             | 2034-08-28      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 3132DUJ65<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     22858 | PA      | $23090.02     | 0.00%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                | AT&T Inc                                                                                                               | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    240000 | PA      | $165518.63    | 0.00%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                             | Oracle Corp                                                                                                            | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    450000 | PA      | $449882.78    | 0.01%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| BMO MORTGAGE TRUST                                      | BMO MORTGAGE TRUST                                                                                                     | CUSIP: 05593RAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2836042 | PA      | $2942476.10   | 0.09%             | 2057-02-15      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                     | Synchrony Financial                                                                                                    | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   1833000 | PA      | $1868471.90   | 0.06%             | 2031-03-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                        | DT Midstream Inc                                                                                                       | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $725135.61    | 0.02%             | 2031-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                       | Clean Harbors Inc                                                                                                      | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46120.46     | 0.00%             | 2031-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                                                         | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5170091.30   | 0.15%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SFO Commerical Mortgage Trust                           | SFO Commercial Mortgage Trust 2021-555                                                                                 | CUSIP: 78432WAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3395000 | PA      | $3373333.45   | 0.10%             | 2038-05-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust 2024-5C1                                                                         | CUSIP: 95003VAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3600000 | PA      | $3774330.00   | 0.11%             | 2057-07-15      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| INTOWN Mortgage Trust                                   | INTOWN 2025-STAY Mortgage Trust                                                                                        | CUSIP: 46117WAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6000000 | PA      | $6001786.20   | 0.18%             | 2042-03-15      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                  | CCO Holdings LLC / CCO Holdings Capital Corp                                                                           | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    845000 | PA      | $778968.57    | 0.02%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust           | Bridgecrest Lending Auto Securitization Trust 2024-3                                                                   | CUSIP: 10805NAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    864000 | PA      | $881976.30    | 0.03%             | 2030-05-15      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                     | JPMorgan Chase & Co                                                                                                    | CUSIP: 46647PEG7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    278000 | PA      | $290453.68    | 0.01%             | 2030-04-22      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization Equity Trust             | AASET 2025-1                                                                                                           | CUSIP: 00258PAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    361691 | PA      | $367596.40    | 0.01%             | 2050-02-16      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                        | Lamar Media Corp                                                                                                       | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $302651.25    | 0.01%             | 2031-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL ENTERTAINMENT                                 | Universal Entertainment Corp                                                                                           | CUSIP: 91349WAC2<br>LEI: 353800BBJTHSMSQ31V91 | Long             | DBT              | CORP              | JP        |   3310000 | PA      | $3288917.62   | 0.10%             | 2029-08-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                                      | Tricon Residential 2023-SFR1 Trust                                                                                     | CUSIP: 89616WAC2<br>LEI: 549300Z2X1L1L3MID765 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99962.57     | 0.00%             | 2040-07-17      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                                | Sensata Technologies Inc                                                                                               | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |   3193000 | PA      | $2949641.35   | 0.09%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                     | Synchrony Financial                                                                                                    | CUSIP: 87165BAY9<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   6040000 | PA      | $6182640.76   | 0.18%             | 2036-07-29      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TEXAS COMBINED TIRZ I                                   | Texas Combined Tirz I LLC                                                                                              | CUSIP: 881935AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    392659 | PA      | $392659.49    | 0.01%             | 2062-12-07      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| AMERICAN AIRLINES INC                                   | American Airlines Inc                                                                                                  | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1304722.50   | 0.04%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                              | AbbVie Inc                                                                                                             | CUSIP: 00287YDX4<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   2967000 | PA      | $2967797.94   | 0.09%             | 2064-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                        | AmWINS Group Inc                                                                                                       | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   4372000 | PA      | $4251992.10   | 0.13%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                       | Herc Holdings Inc                                                                                                      | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   4020000 | PA      | $4199681.94   | 0.12%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 31426GXC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    214605 | PA      | $219493.74    | 0.01%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Aramark Services Inc                                    | Aramark Services Inc                                                                                                   | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1315346.34   | 0.04%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KILROY REALTY LP                                        | Kilroy Realty LP                                                                                                       | CUSIP: 49427RAT9<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              |  | US        |   2355000 | PA      | $2388448.39   | 0.07%             | 2035-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                              | US Bancorp                                                                                                             | CUSIP: 91159HJN1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26647.97     | 0.00%             | 2034-06-12      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN                                | Allwyn Entertainment Financing UK PLC                                                                                  | CUSIP: 02007VAA8<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |    775000 | PA      | $804719.10    | 0.02%             | 2029-04-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                        | Lamar Media Corp                                                                                                       | CUSIP: 513075CA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1366604.15   | 0.04%             | 2033-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Gray Television Inc                                     | Gray Television Inc 2024 Term Loan B                                                                                   | CUSIP: 389376BC7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |      8200 | PA      | $8215.38      | 0.00%             | 2029-06-04      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | Service Properties Trust                                                                                               | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |   4769000 | PA      | $4207203.69   | 0.12%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397H48<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   7081000 | PA      | $7142300.57   | 0.21%             | 2030-09-05      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                 | Talen Energy Supply LLC                                                                                                | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   4519000 | PA      | $4800009.50   | 0.14%             | 2030-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS LLC                                  | Chubb INA Holdings LLC                                                                                                 | CUSIP: 171239AK2<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |   8173000 | PA      | $8384332.12   | 0.25%             | 2034-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust            | American Credit Acceptance Receivables Trust 2023-3                                                                    | CUSIP: 02530EAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8071000 | PA      | $8484420.83   | 0.25%             | 2031-10-14      | Fixed         | 9.54%                 | No            |                  2 | On Loan: No      |
| CFG Investments Limited                                 | CFG Investments Ltd                                                                                                    | CUSIP: 12528GAM4<br>LEI: 549300C3OD89QRWQ1Y92 | Long             | ABS-O            | CORP              | KY        |   4839000 | PA      | $4922231.77   | 0.15%             | 2036-03-25      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                                           | Boyne USA Inc                                                                                                          | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1010000 | PA      | $991576.27    | 0.03%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| IIFL FINANCE LTD                                        | IIFL Finance Ltd                                                                                                       | CUSIP: 44964HAA2<br>LEI: 335800CZ46UJRS34JR78 | Long             | DBT              | CORP              | IN        |   3935000 | PA      | $4010748.75   | 0.12%             | 2028-07-24      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                     | Freddie Mac STACR Trust 2018-DNA3                                                                                      | CUSIP: 35563WBE3<br>LEI: 549300BL200YC56BUV20 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2893150.25   | 0.09%             | 2048-09-25      | Floating      | 12.22%                | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                | CHS/Community Health Systems Inc                                                                                       | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1187588.64   | 0.04%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                   | Trivium Packaging Finance BV                                                                                           | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    680000 | PA      | $736634.48    | 0.02%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                 | Frontier Communications Holdings LLC                                                                                   | CUSIP: 35906ABG2<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |   3458000 | PA      | $3495398.27   | 0.10%             | 2029-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                             | Prologis LP                                                                                                            | CUSIP: 74340XCE9<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |   1110000 | PA      | $1120266.05   | 0.03%             | 2033-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                          | Mastercard Inc                                                                                                         | CUSIP: 57636QBG8<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    500000 | PA      | $518261.91    | 0.02%             | 2032-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                   | Venture Global Plaquemines LNG LLC                                                                                     | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $221127.00    | 0.01%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                       | Lithia Motors Inc                                                                                                      | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   2876000 | PA      | $2749241.16   | 0.08%             | 2029-06-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                | Capital One Financial Corp                                                                                             | CUSIP: 14040HDA0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   3953000 | PA      | $4277160.78   | 0.13%             | 2034-06-08      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QXB3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     45000 | PA      | $30825.00     | 0.00%             | 2018-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS                                | Hughes Satellite Systems Corp                                                                                          | CUSIP: 444454AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1465958.34   | 0.04%             | 2026-08-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                  | WESCO Distribution Inc                                                                                                 | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    435000 | PA      | $441022.58    | 0.01%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: SCGCAHPL8 IRS USD R F  4.10300 BCGCAHPL8_FIX CCPOIS / Short: SCGCAHPL8 IRS USD P V 00MSOFR BCGCAHPL8_FLO CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  82000000 | OU      | $1269515.80   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNOCO LP                                               | Sunoco LP                                                                                                              | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1087606.55   | 0.03%             | 2031-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FIN USA LTD                                | BHP Billiton Finance USA Ltd                                                                                           | CUSIP: 055451BE7<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |   6066000 | PA      | $6319708.57   | 0.19%             | 2033-09-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                 | Teva Pharmaceutical Finance Netherlands III BV                                                                         | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   2832000 | PA      | $3241558.18   | 0.10%             | 2031-09-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                | Hilcorp Energy I LP / Hilcorp Finance Co                                                                               | CUSIP: 431318BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4613000 | PA      | $4848092.32   | 0.14%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| PLUSPETROL SA                                           | Pluspetrol SA                                                                                                          | CUSIP: 72942BAA3<br>LEI: 254900QSCHBUBX6J6H71 | Long             | DBT              | CORP              | AR        |   3670000 | PA      | $3670000.00   | 0.11%             | 2032-05-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 3132DWNM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    234816 | PA      | $240155.46    | 0.01%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                                                        | CUSIP: 3140XR4Z5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    264542 | PA      | $271079.61    | 0.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 31426TR33<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6987994 | PA      | $7148039.71   | 0.21%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                    | Flutter Treasury DAC                                                                                                   | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    867000 | PA      | $880598.90    | 0.03%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                              | Progress Residential 2025-SFR3 Trust                                                                                   | CUSIP: 74334BAA5<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   3239000 | PA      | $3071270.00   | 0.09%             | 2042-07-17      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                      | Meta Platforms Inc                                                                                                     | CUSIP: 30303M8V7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296630.31    | 0.01%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MSWF Commercial Mortgage Trust                          | MSWF Commercial Mortgage Trust 2023-1                                                                                  | CUSIP: 55376CAW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    410000 | PA      | $438128.21    | 0.01%             | 2056-05-15      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                        | T-Mobile USA Inc                                                                                                       | CUSIP: 87264ADU6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255546.35    | 0.01%             | 2055-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                          | Sabre GLBL Inc                                                                                                         | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   6488000 | PA      | $6291413.60   | 0.19%             | 2030-07-15      | Fixed         | 11.13%                | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                           | TransDigm Inc                                                                                                          | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    300000 | PA      | $307095.30    | 0.01%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC                                 | Duke Energy Florida LLC                                                                                                | CUSIP: 26444HAQ4<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |     90000 | PA      | $97186.50     | 0.00%             | 2033-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                          | Morgan Stanley                                                                                                         | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2218000 | PA      | $2365281.57   | 0.07%             | 2035-04-19      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Navient Education Loan Trust                            | Navient Education Loan Trust 2025-A                                                                                    | CUSIP: 63943EAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    859000 | PA      | $867314.18    | 0.03%             | 2055-07-15      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                | Celanese US Holdings LLC                                                                                               | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   6882000 | PA      | $7037023.93   | 0.21%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                | Mars Inc                                                                                                               | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   7194000 | PA      | $7292318.38   | 0.22%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                                 | Public Service Electric and Gas Co                                                                                     | CUSIP: 74456QCW4<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |   1236000 | PA      | $1246253.81   | 0.04%             | 2035-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                              | Progress Residential 2024-SFR2 Trust                                                                                   | CUSIP: 74290XAL5<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    449000 | PA      | $416539.41    | 0.01%             | 2041-04-17      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                 | Goldman Sachs Group Inc/The                                                                                            | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1216000 | PA      | $1272506.69   | 0.04%             | 2030-04-25      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| ELEMENT SOLUTIONS INC                                   | Element Solutions Inc                                                                                                  | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1678085.81   | 0.05%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                  | Venture Global LNG Inc                                                                                                 | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   4335000 | PA      | $4488850.02   | 0.13%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                    | OneMain Finance Corp                                                                                                   | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   5431000 | PA      | $5636063.70   | 0.17%             | 2031-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                        | Fannie Mae Connecticut Avenue Securities                                                                               | CUSIP: 20754QAB4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    285000 | PA      | $300862.47    | 0.01%             | 2043-05-25      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 3142GSYZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1585817 | PA      | $1601654.15   | 0.05%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust                                        | HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                                                                                | CUSIP: 403956AE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2324000 | PA      | $2332082.17   | 0.07%             | 2037-05-15      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                               | Boeing Co/The                                                                                                          | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2687000 | PA      | $2758200.39   | 0.08%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                                      | Forestar Group Inc                                                                                                     | CUSIP: 346232AG6<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |   1385000 | PA      | $1418015.63   | 0.04%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                 | Sensata Technologies BV                                                                                                | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |   3800000 | PA      | $3651276.93   | 0.11%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                               | Boeing Co/The                                                                                                          | CUSIP: 097023CX1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2445000 | PA      | $2444454.89   | 0.07%             | 2060-05-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                                          | AutoNation Inc                                                                                                         | CUSIP: 05329WAT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7290000 | PA      | $7538345.66   | 0.22%             | 2035-03-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trust                         | Prestige Auto Receivables Trust 2024-1                                                                                 | CUSIP: 74113QAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    512000 | PA      | $530514.43    | 0.02%             | 2031-04-15      | Fixed         | 7.94%                 | No            |                  2 | On Loan: No      |
| Ondeck Asset Securitization Trust LLC                   | OnDeck Asset Securitization Trust IV LLC                                                                               | CUSIP: 67118NAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    545000 | PA      | $551481.79    | 0.02%             | 2031-06-17      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                                    | Amentum Holdings Inc                                                                                                   | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |   4115000 | PA      | $4276147.52   | 0.13%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC             | BBCMS Mortgage Trust 2025-5C34                                                                                         | CUSIP: 07337BAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1182000 | PA      | $1244728.98   | 0.04%             | 2058-05-15      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                                 | Arthur J Gallagher & Co                                                                                                | CUSIP: 04316JAP4<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    865000 | PA      | $846279.68    | 0.03%             | 2055-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QVD1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    310000 | PA      | $213125.00    | 0.01%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                  | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc                                                     | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2715000 | PA      | $2586181.67   | 0.08%             | 2029-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                   | Nabors Industries Inc                                                                                                  | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |   4085000 | PA      | $4251504.60   | 0.13%             | 2030-01-31      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                         | CVS Health Corp                                                                                                        | CUSIP: 126650EK2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |  11884000 | PA      | $12098669.01  | 0.36%             | 2035-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust 2025-5C5                                                                         | CUSIP: 95004MAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1038897.00   | 0.03%             | 2058-07-15      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                | Hilcorp Energy I LP / Hilcorp Finance Co                                                                               | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5001000 | PA      | $4801153.54   | 0.14%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                | Charter Communications Operating LLC / Charter Communications Operating Capital                                        | CUSIP: 161175BV5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11325000 | PA      | $7476556.51   | 0.22%             | 2051-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                                 | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl                                           | CUSIP: 019579AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1219000 | PA      | $1195884.71   | 0.04%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                        | Trinitas CLO XVII Ltd                                                                                                  | CUSIP: 89642JAN5<br>LEI: 254900E0LENORBQRRG46 | Long             | ABS-CBDO         | CORP              | KY        |   7133000 | PA      | $7143200.19   | 0.21%             | 2034-10-20      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 3132DURV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8410424 | PA      | $8640414.45   | 0.26%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                          | Wynn Macau Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    450000 | PA      | $449844.31    | 0.01%             | 2028-08-26      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QVZ2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |      5000 | PA      | $3437.50      | 0.00%             | 2026-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                | Univision Communications Inc                                                                                           | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   4850000 | PA      | $5172558.95   | 0.15%             | 2032-08-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| LEVI STRAUSS & CO                                       | Levi Strauss & Co                                                                                                      | CUSIP: 52736RBJ0<br>LEI: MB0UERO0RDFKU8258G77 | Long             | DBT              | CORP              | US        |   3025000 | PA      | $2812388.78   | 0.08%             | 2031-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                            | UBS Group AG                                                                                                           | CUSIP: 225401BG2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2725000 | PA      | $2976302.44   | 0.09%             | 2034-09-22      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| THE CAMPBELLS COMPANY                                   | Campbell's Company/The                                                                                                 | CUSIP: 134429BQ1<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   2119000 | PA      | $2056052.24   | 0.06%             | 2035-03-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CSX CORP                                                | CSX Corp                                                                                                               | CUSIP: 126408HT3<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    220000 | PA      | $130811.08    | 0.00%             | 2051-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                      | Howard Hughes Corp/The                                                                                                 | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |   6100000 | PA      | $5856805.81   | 0.17%             | 2029-02-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                               | Uniform Mortgage-Backed Security, TBA                                                                                  | CUSIP: 01F0606A8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  12025833 | PA      | $12287321.75  | 0.37%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd                                   | Mineral Resources Ltd                                                                                                  | CUSIP: 603051AA1<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    845000 | PA      | $845499.39    | 0.03%             | 2027-05-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RAILWAY                                   | Canadian National Railway Co                                                                                           | CUSIP: 136375DR0<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | DBT              | CORP              | CA        |    375000 | PA      | $366939.71    | 0.01%             | 2034-09-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP                                         | Murphy Oil Corp                                                                                                        | CUSIP: 626717AP7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |   4015000 | PA      | $3963793.77   | 0.12%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                                  | Brightstar Lottery PLC                                                                                                 | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $199244.68    | 0.01%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ocean Trails CLO                                        | Ocean Trails Clo XI                                                                                                    | CUSIP: 67514VAS8<br>LEI: 549300E51CF32RJNO651 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2994000.00   | 0.09%             | 2034-07-20      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                     | Freddie Mac STACR Debt Notes 2015-DNA3                                                                                 | CUSIP: 3137G0GZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1584343 | PA      | $1592193.80   | 0.05%             | 2028-04-25      | Floating      | 13.82%                | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS L                                | Amneal Pharmaceuticals LLC                                                                                             | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |    615000 | PA      | $636809.35    | 0.02%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                 | Bristol-Myers Squibb Co                                                                                                | CUSIP: 110122EJ3<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    225000 | PA      | $227593.21    | 0.01%             | 2044-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                                   | Vale Overseas Ltd                                                                                                      | CUSIP: 91911TAS2<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |   2834000 | PA      | $2915964.95   | 0.09%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                          | SWCH Commercial Mortgage Trust 2025-DATA                                                                               | CUSIP: 78489CAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6182000 | PA      | $6174273.74   | 0.18%             | 2042-02-15      | Floating      | 7.49%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                     | Freddie Mac STACR REMIC Trust 2021-DNA2                                                                                | CUSIP: 35565KBE7<br>LEI: 5493007ZK0X40BI7UF30 | Long             | ABS-MBS          | USGSE             | US        |    633000 | PA      | $692425.66    | 0.02%             | 2050-02-25      | Floating      | 9.27%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                       | Credit Acceptance Auto Loan Trust 2023-3                                                                               | CUSIP: 224936AC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    118000 | PA      | $120783.43    | 0.00%             | 2033-10-17      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust                           | NYC Commercial Mortgage Trust 2025-3BP                                                                                 | CUSIP: 67120UAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1824000 | PA      | $1817070.26   | 0.05%             | 2042-02-15      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                                    | Talos Production Inc                                                                                                   | CUSIP: 87485LAD6<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1319322.83   | 0.04%             | 2029-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                             | Hertz Vehicle Financing III LLC 2025-2                                                                                 | CUSIP: 42806MCZ0<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   3831000 | PA      | $3904457.13   | 0.12%             | 2031-09-25      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                    | OneMain Finance Corp                                                                                                   | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   5975000 | PA      | $6251294.81   | 0.19%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NEWS CORP                                               | News Corp                                                                                                              | CUSIP: 65249BAA7<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |    280000 | PA      | $270498.32    | 0.01%             | 2029-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: SCG8PPUV5 IRS USD R F  4.55950 BCG8PPUV5_FIX CCPOIS / Short: SCG8PPUV5 IRS USD P V 00MSOFR BCG8PPUV5_FLO CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1500000 | OU      | $121367.85    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VIATRIS INC                                             | Viatris Inc                                                                                                            | CUSIP: 92556VAF3<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |   6616000 | PA      | $4516779.72   | 0.13%             | 2050-06-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                                        | Vail Resorts Inc                                                                                                       | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    731000 | PA      | $756325.50    | 0.02%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Vibrant CLO Ltd                                         | Vibrant CLO XII Ltd                                                                                                    | CUSIP: 92558WBL5<br>LEI: 5493000EYQWTOWOLAO60 | Long             | ABS-CBDO         | CORP              | KY        |   2239000 | PA      | $2239000.00   | 0.07%             | 2034-04-20      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QWN8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     10000 | PA      | $6850.00      | 0.00%             | 2018-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                    | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    131000 | PA      | $108196.95    | 0.00%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| YPF ENERGIA ELECTRICA SA                                | YPF Energia Electrica SA                                                                                               | CUSIP: 98424MAB9<br>LEI: 5493002XN8FRTYQLR778 | Long             | DBT              | CORP              | AR        |   2245000 | PA      | $2169581.47   | 0.06%             | 2032-10-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                        | Deutsche Bank AG                                                                                                       | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1500000 | PA      | $1859610.94   | 0.06%             | 2035-07-12      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| NETFLIX INC                                             | Netflix Inc                                                                                                            | CUSIP: 64110LAZ9<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206401.10    | 0.01%             | 2034-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                | RHP Hotel Properties LP / RHP Finance Corp                                                                             | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              |  | US        |    375000 | PA      | $386461.88    | 0.01%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                                 | Honeywell International Inc                                                                                            | CUSIP: 438516CS3<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |   1669000 | PA      | $1697612.80   | 0.05%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KSL Commercial Mortgage Trust                           | KSL Commercial Mortgage Trust 2024-HT2                                                                                 | CUSIP: 500937AJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5025245.00   | 0.15%             | 2039-12-15      | Floating      | 8.69%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2024-AIRC                                                                                 | CUSIP: 12433CAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3744781 | PA      | $3763494.29   | 0.11%             | 2039-08-15      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| Atrium Hotel Portfolio Trust                            | Atrium Hotel Portfolio Trust 2024-ATRM                                                                                 | CUSIP: 04963XAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6887000 | PA      | $7021881.90   | 0.21%             | 2029-11-10      | Variable      | 7.93%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                     | GS Mortgage-Backed Securities Trust 2025-RPL3                                                                          | CUSIP: 362963AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4781015 | PA      | $4659755.33   | 0.14%             | 2065-07-25      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                    | Edison International                                                                                                   | CUSIP: 281020AW7<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1433482.39   | 0.04%             | 2029-11-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                                                         | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $435065.12    | 0.01%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OWENS & MINOR INC                                       | Owens & Minor Inc                                                                                                      | CUSIP: 690732AF9<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |   2285000 | PA      | $1836095.53   | 0.05%             | 2029-03-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                   | Genesis Energy LP / Genesis Energy Finance Corp                                                                        | CUSIP: 37185LAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3270000 | PA      | $3464303.40   | 0.10%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QKX9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     30000 | PA      | $20625.00     | 0.00%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ESC CB144A PARTY CITY                                   | ESC CB144A PARTY CITY                                                                                                  | CUSIP: 702ESCAK0<br>LEI: 549300BUAG9YASF5Q703 | Long             | DBT              | CORP              | US        |     73841 | PA      | $1476.82      | 0.00%             | 2029-01-11      | Fixed         | 12.00%                | No            |                  3 | On Loan: No      |
| LIGHT & WONDER INTL INC                                 | Light & Wonder International Inc                                                                                       | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2393697.40   | 0.07%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Trust Llc                                 | SCF Equipment Trust 2016-1 LLC                                                                                         | CUSIP: 78437DAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    433000 | PA      | $448803.72    | 0.01%             | 2035-11-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                      | Kennedy-Wilson Inc                                                                                                     | CUSIP: 489399AL9<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |   2809000 | PA      | $2686279.57   | 0.08%             | 2029-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                               | Uniform Mortgage-Backed Security, TBA                                                                                  | CUSIP: 01F0606B6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   7974167 | PA      | $8145376.27   | 0.24%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                 | BPCE SA                                                                                                                | CUSIP: 056121AB2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   1200000 | PA      | $1264436.77   | 0.04%             | 2036-05-28      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                | Avis Budget Rental Car Funding AESOP LLC                                                                               | CUSIP: 05377RJY1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1541000 | PA      | $1573561.33   | 0.05%             | 2030-02-20      | Fixed         | 7.52%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization Equity Trust             | AASET 2025-1                                                                                                           | CUSIP: 00258PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    758759 | PA      | $776814.82    | 0.02%             | 2050-02-16      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Gray Television Inc                                     | Gray Television Inc 2021 Term Loan D                                                                                   | CUSIP: 389376AZ7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |   3534918 | PA      | $3539093.15   | 0.11%             | 2028-12-01      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                   | Bath & Body Works Inc                                                                                                  | CUSIP: 501797AM6<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1030502.00   | 0.03%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                   | Quikrete Holdings Inc                                                                                                  | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1149695.82   | 0.03%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: BCG8YX0K5 IRS USD R V 00MSOFR BCG8YX0K5_FLO CCPOIS / Short: BCG8YX0K5 IRS USD P F  3.28450 BCG8YX0K5_FIX CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  11700000 | OU      | $1321573.50   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                   | Directv Financing LLC                                                                                                  | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5730000 | PA      | $5666805.61   | 0.17%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                            | GS Mortgage Securities Corp II                                                                                         | CUSIP: 36269JAG3<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |   1885000 | PA      | $1883108.97   | 0.06%             | 2041-03-10      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| WMG ACQUISITION CORP                                    | WMG Acquisition Corp                                                                                                   | CUSIP: 92933BAQ7<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |    287000 | PA      | $272430.13    | 0.01%             | 2030-07-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                        | Allied Universal Holdco LLC / Allied Universal Finance Corp                                                            | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7588000 | PA      | $7805661.78   | 0.23%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                       | HSBC Holdings PLC                                                                                                      | CUSIP: 404280ES4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   5338000 | PA      | $5510624.25   | 0.16%             | 2036-03-03      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                             | Hertz Vehicle Financing III LLC                                                                                        | CUSIP: 42806MDH9<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    453000 | PA      | $462351.82    | 0.01%             | 2031-12-25      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                              | US Bancorp                                                                                                             | CUSIP: 91159HJJ0<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $213325.52    | 0.01%             | 2033-10-21      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust 2024-5C2                                                                         | CUSIP: 95003UAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    903000 | PA      | $940662.14    | 0.03%             | 2057-11-15      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                     | Southern California Edison Co                                                                                          | CUSIP: 842400GT4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   7813000 | PA      | $5468440.27   | 0.16%             | 2050-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                                | Blue Racer Midstream LLC / Blue Racer Finance Corp                                                                     | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    605000 | PA      | $627809.76    | 0.02%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                                     | Dow Chemical Co/The                                                                                                    | CUSIP: 260543DJ9<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   1003000 | PA      | $1006311.85   | 0.03%             | 2034-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                             | Oracle Corp                                                                                                            | CUSIP: 68389XDP7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003293.08   | 0.03%             | 2045-09-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NY Commercial Mortgage Trust                            | NY Commercial Mortgage Trust 2025-299P                                                                                 | CUSIP: 62957FAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    527000 | PA      | $543933.35    | 0.02%             | 2047-02-10      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Hertz Corporation, (The)                                | Hertz Corporation (The) 2021 Term Loan C                                                                               | CUSIP: 42804VBC4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |     80885 | PA      | $73099.47     | 0.00%             | 2028-06-30      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                 | Hyundai Capital America                                                                                                | CUSIP: 44891ADU8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    678000 | PA      | $684085.47    | 0.02%             | 2027-06-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                   | Freedom Mortgage Holdings LLC                                                                                          | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $4053802.10   | 0.12%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                                  | Radiology Partners Inc                                                                                                 | CUSIP: 75041VAC8<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |   3223766 | PA      | $3156671.02   | 0.09%             | 2030-02-15      | Fixed         | 9.78%                 | No            |                  2 | On Loan: No      |
| DARLING INGREDIENTS INC                                 | Darling Ingredients Inc                                                                                                | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2273919.75   | 0.07%             | 2030-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                                      | Tricon Residential 2025-SFR2 Trust                                                                                     | CUSIP: 89617FAB0<br>LEI: 549300Z2X1L1L3MID765 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3052191.60   | 0.09%             | 2044-08-17      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAP INTL                                  | TotalEnergies Capital International SA                                                                                 | CUSIP: 89153VAV1<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |   6250000 | PA      | $4288550.75   | 0.13%             | 2050-05-29      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                   | HUB International Ltd                                                                                                  | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1079794.04   | 0.03%             | 2029-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                 | Bristol-Myers Squibb Co                                                                                                | CUSIP: 110122EC8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    666000 | PA      | $735917.19    | 0.02%             | 2063-11-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                    | Matador Resources Co                                                                                                   | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |   4390000 | PA      | $4421603.61   | 0.13%             | 2033-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | Service Properties Trust                                                                                               | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |   6377000 | PA      | $6794495.81   | 0.20%             | 2031-11-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| IRV Trust                                               | IRV Trust 2025-200P                                                                                                    | CUSIP: 45006HAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2777217.85   | 0.08%             | 2047-03-14      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                | Ascent Resources Utica Holdings LLC / ARU Finance Corp                                                                 | CUSIP: 04364VBA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1565000 | PA      | $1592381.98   | 0.05%             | 2033-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| AAR ESCROW ISSUER LLC                                   | AAR Escrow Issuer LLC                                                                                                  | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    199000 | PA      | $204997.79    | 0.01%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                            | GS Mortgage Securities Corp II                                                                                         | CUSIP: 36269JAJ7<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |   2897000 | PA      | $2946724.69   | 0.09%             | 2041-03-10      | Variable      | 7.53%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                             | Walmart Inc                                                                                                            | CUSIP: 931142FP3<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1235166.94   | 0.04%             | 2035-04-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| EUROBANK SA                                             | Eurobank SA                                                                                                            | CUSIP: 000000000<br>LEI: 213800KGF4EFNUQKAT69 | Long             | DBT              | CORP              | GR        |    900000 | PA      | $1129285.03   | 0.03%             | 2031-04-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                                                                           | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   4365000 | PA      | $4510826.57   | 0.13%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                                          | Barings CLO Ltd 2021-I                                                                                                 | CUSIP: 06762EAG9<br>LEI: 5493001QIXQNVJN0QT95 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001918.00   | 0.03%             | 2034-04-25      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                 | Frontier Communications Holdings LLC                                                                                   | CUSIP: 35908MAB6<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    916000 | PA      | $927576.41    | 0.03%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                               | Amgen Inc                                                                                                              | CUSIP: 031162DT4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   4924000 | PA      | $4914806.60   | 0.15%             | 2053-03-02      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397G31<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   7838000 | PA      | $8013873.12   | 0.24%             | 2031-11-05      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                    | Boston Properties LP                                                                                                   | CUSIP: 10112RBE3<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |   2922000 | PA      | $2527591.54   | 0.08%             | 2032-04-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                    | CUSIP: 71654QAZ5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     44000 | PA      | $38567.86     | 0.00%             | 2041-06-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                      | Subway Funding LLC                                                                                                     | CUSIP: 864300AJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1492720 | PA      | $1500865.77   | 0.04%             | 2054-07-30      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX 2025-BIO3 Mortgage Trust                                                                                            | CUSIP: 123911AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1385000 | PA      | $1417938.90   | 0.04%             | 2042-02-10      | Variable      | 7.19%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                     | Southern California Edison Co                                                                                          | CUSIP: 842400GY3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    378000 | PA      | $231560.91    | 0.01%             | 2051-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                   | HUB International Ltd                                                                                                  | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   1947000 | PA      | $2032025.72   | 0.06%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Farmer Mac Agricultural Real Estate Trust               | FARM 2025-1 Mortgage Trust                                                                                             | CUSIP: 30768CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9641843 | PA      | $9740161.37   | 0.29%             | 2055-08-01      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                                      | Baytex Energy Corp                                                                                                     | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |   2635000 | PA      | $2581843.88   | 0.08%             | 2032-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PK ALIFT LOAN FUNDING                                   | PK Alift Loan Funding 7 LP                                                                                             | CUSIP: 69291NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    540000 | PA      | $541422.90    | 0.02%             | 2043-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                          | CPS Auto Receivables Trust 2024-C                                                                                      | CUSIP: 223920AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4350000 | PA      | $4566125.40   | 0.14%             | 2032-03-15      | Fixed         | 8.04%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                          | SWCH Commercial Mortgage Trust 2025-DATA                                                                               | CUSIP: 78489CAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4894000 | PA      | $4882124.71   | 0.15%             | 2042-02-15      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                                 | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                                                                  | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $346593.01    | 0.01%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 3142J6AY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    907796 | PA      | $915901.99    | 0.03%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC                                 | AEP Transmission Co LLC                                                                                                | CUSIP: 00115AAS8<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129412.49    | 0.00%             | 2035-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS                                   | Endo Finance Holdings Inc                                                                                              | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5451000 | PA      | $5855022.67   | 0.17%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                 | MPT Operating Partnership LP / MPT Finance Corp                                                                        | CUSIP: 55342UAM6<br>LEI: N/A                  | Long             | DBT              |  | US        |   3440000 | PA      | $2533024.05   | 0.08%             | 2031-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                 | BPCE SA                                                                                                                | CUSIP: 05571ABA2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   7410000 | PA      | $7933417.72   | 0.24%             | 2036-01-14      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                             | Oracle Corp                                                                                                            | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3822371.51   | 0.11%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                | Permian Resources Operating LLC                                                                                        | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1284406.20   | 0.04%             | 2033-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                        | SMB Private Education Loan Trust 2023-B                                                                                | CUSIP: 78449HAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1039030.00   | 0.03%             | 2056-10-16      | Fixed         | 7.56%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                     | General Electric Co                                                                                                    | CUSIP: 369604CA9<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   2775000 | PA      | $2814775.07   | 0.08%             | 2036-01-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| WMRK Commercial Mortgage Trust                          | WMRK Commercial Mortgage Trust 2022-WMRK                                                                               | CUSIP: 929342AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    412000 | PA      | $413842.05    | 0.01%             | 2027-11-15      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                     | Exeter Automobile Receivables Trust 2023-3                                                                             | CUSIP: 301989AG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1014000 | PA      | $1094421.56   | 0.03%             | 2031-01-15      | Fixed         | 9.98%                 | No            |                  2 | On Loan: No      |
| DATA 2023-CNTR Mortgage Trust                           | DATA 2023-CNTR Mortgage Trust                                                                                          | CUSIP: 238021AJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    664000 | PA      | $625773.19    | 0.02%             | 2043-08-12      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                              | US Bancorp                                                                                                             | CUSIP: 91159HJU5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   7450000 | PA      | $7716879.71   | 0.23%             | 2036-02-12      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                                      | Leviathan Bond Ltd                                                                                                     | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |    980000 | PA      | $984900.00    | 0.03%             | 2030-06-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                                             | Oracle Corp                                                                                                            | CUSIP: 68389XDT9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998902.07    | 0.03%             | 2065-09-26      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Farmer Mac Agricultural Real Estate Trust               | FARM 2024-2 Mortgage Trust                                                                                             | CUSIP: 307910AE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    926366 | PA      | $835487.24    | 0.02%             | 2054-08-01      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                  | Comstock Resources Inc                                                                                                 | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   2104000 | PA      | $2102025.61   | 0.06%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NRZ Excess Spread Collateralized Notes                  | NRM FHT1 Excess Owner LLC                                                                                              | CUSIP: 64832EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6310384 | PA      | $6373794.09   | 0.19%             | 2032-03-25      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                  | Diamondback Energy Inc                                                                                                 | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    313000 | PA      | $322493.11    | 0.01%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| USI INC/NY                                              | USI Inc/NY                                                                                                             | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |    270000 | PA      | $283480.66    | 0.01%             | 2032-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                               | Boeing Co/The                                                                                                          | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1419593.38   | 0.04%             | 2050-05-01      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                      | Roche Holdings Inc                                                                                                     | CUSIP: 771196CL4<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |   1516000 | PA      | $1565955.47   | 0.05%             | 2034-03-08      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                | Venture Global Calcasieu Pass LLC                                                                                      | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   5184000 | PA      | $5409866.88   | 0.16%             | 2030-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                           | TransDigm Inc                                                                                                          | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   5450000 | PA      | $5524898.97   | 0.16%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GILDAN ACTIVEWEAR INC                                   | Gildan Activewear Inc                                                                                                  | CUSIP: 375916AG8<br>LEI: 549300SB3IBI34M00Z45 | Long             | DBT              | CORP              | CA        |   1075000 | PA      | $1075681.17   | 0.03%             | 2035-10-07      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                               | SUNOCO LP                                                                                                              | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    880000 | PA      | $896339.16    | 0.03%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                              | Grifols SA                                                                                                             | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |   1700000 | PA      | $2108708.98   | 0.06%             | 2030-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 3132DWMY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14014610 | PA      | $14147589.12  | 0.42%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                             | Hertz Vehicle Financing III LLC                                                                                        | CUSIP: 42806MCF4<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    233000 | PA      | $243205.63    | 0.01%             | 2030-03-25      | Fixed         | 6.73%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                  | General Motors Financial Co Inc                                                                                        | CUSIP: 37045XFC5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1885000 | PA      | $1945837.98   | 0.06%             | 2035-01-07      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| SALLY HOLDINGS/SALLY CAP                                | Sally Holdings LLC / Sally Capital Inc                                                                                 | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5629000 | PA      | $5859423.12   | 0.17%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                | CHS/Community Health Systems Inc                                                                                       | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    600000 | PA      | $543329.51    | 0.02%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                                | Anheuser-Busch InBev Worldwide Inc                                                                                     | CUSIP: 03523TBY3<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    880000 | PA      | $908295.31    | 0.03%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                          | Palmer Square Loan Funding 2024-2 Ltd                                                                                  | CUSIP: 69703RAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1608000 | PA      | $1611555.29   | 0.05%             | 2033-01-15      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                       | Newell Brands Inc                                                                                                      | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   5830000 | PA      | $5790907.52   | 0.17%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Bank                                                    | BANK 2023-BNK46                                                                                                        | CUSIP: 06541DBY9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    493000 | PA      | $518237.11    | 0.02%             | 2056-08-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                | Warnermedia Holdings Inc                                                                                               | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144875.25    | 0.00%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QYN6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    110000 | PA      | $75625.00     | 0.00%             | 2028-07-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                          | Transocean International Ltd                                                                                           | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |   2850000 | PA      | $2795167.97   | 0.08%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                      | BMO 2024-5C4 Mortgage Trust                                                                                            | CUSIP: 09660SAZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    853861 | PA      | $884179.98    | 0.03%             | 2057-05-15      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Hanesbrands, Inc.                                       | Hanesbrands Inc 2025 Term Loan B                                                                                       | CUSIP: 410346AY6<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | LON              | CORP              | US        |   1499732 | PA      | $1509105.54   | 0.04%             | 2032-03-07      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                                 | Pfizer Investment Enterprises Pte Ltd                                                                                  | CUSIP: 716973AF9<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    300000 | PA      | $290899.41    | 0.01%             | 2043-05-19      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS LLC                                          | NCR Atleos Corp                                                                                                        | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |   2790000 | PA      | $3022287.03   | 0.09%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                      | Voyager Parent LLC Term Loan B                                                                                         | CUSIP: 92921HAC9<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |    800000 | PA      | $802639.20    | 0.02%             | 2032-07-01      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                    | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                   | CUSIP: 74526QVC3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     30000 | PA      | $20625.00     | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 3132DWKP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8979171 | PA      | $9189051.94   | 0.27%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                  | Pacific Gas and Electric Co                                                                                            | CUSIP: 694308KJ5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1059161.79   | 0.03%             | 2033-01-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                                         | Mercer International Inc                                                                                               | CUSIP: 588056BC4<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1180141.59   | 0.04%             | 2028-10-01      | Fixed         | 12.88%                | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                   | Civitas Resources Inc                                                                                                  | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   2126000 | PA      | $2206360.67   | 0.07%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                                        | Vail Resorts Inc                                                                                                       | CUSIP: 91879QAQ2<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    770000 | PA      | $775293.75    | 0.02%             | 2030-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                | Benchmark 2024-V9 Mortgage Trust                                                                                       | CUSIP: 081919AT9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1353317.68   | 0.04%             | 2057-08-15      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                          | CFMT 2023-H12 LLC                                                                                                      | CUSIP: 12530QAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1644 | PA      | $1644.31      | 0.00%             | 2033-04-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                 | Imperial Brands Finance PLC                                                                                            | CUSIP: 45262BAK9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $510270.85    | 0.02%             | 2035-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                               | Block Inc                                                                                                              | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   4035000 | PA      | $4091118.78   | 0.12%             | 2030-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                              | GLS Auto Receivables Issuer Trust 2023-3                                                                               | CUSIP: 36267PAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     68000 | PA      | $69590.32     | 0.00%             | 2029-05-15      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                            | CaixaBank SA                                                                                                           | CUSIP: 12803RAC8<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    725000 | PA      | $808245.61    | 0.02%             | 2034-09-13      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                                                                           | CUSIP: 279158AW9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   4050000 | PA      | $4193523.90   | 0.12%             | 2032-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                     | Freddie Mac STACR REMIC Trust 2020-HQA1                                                                                | CUSIP: 35565JBE0<br>LEI: 549300TCRXCIFPAC3B85 | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $2199411.60   | 0.07%             | 2050-01-25      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                  | CCO Holdings LLC / CCO Holdings Capital Corp                                                                           | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1025000 | PA      | $948757.22    | 0.03%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                                      | Siemens Funding BV                                                                                                     | CUSIP: 82622RAG1<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |    541000 | PA      | $587529.34    | 0.02%             | 2065-05-28      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                                | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC                                          | CUSIP: 44287GAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    720000 | PA      | $741852.72    | 0.02%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                                | Devon Energy Corp                                                                                                      | CUSIP: 25179MBH5<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |   1864000 | PA      | $1730471.28   | 0.05%             | 2054-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANCO DE SABADELL SA                                    | Banco de Sabadell SA                                                                                                   | CUSIP: 000000000<br>LEI: SI5RG2M0WQQLZCXKRM20 | Long             | DBT              | CORP              | ES        |   1100000 | PA      | $1390056.81   | 0.04%             | 2029-09-08      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                                | LCM Investments Holdings II LLC                                                                                        | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1054040.37   | 0.03%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Bank                                                    | BANK 2023-BNK45                                                                                                        | CUSIP: 06541BBX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    375000 | PA      | $390869.18    | 0.01%             | 2056-02-15      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                             | PURCHASED USD / SOLD EUR                                                                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-5807.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                                                        | CUSIP: 31418FGZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    166563 | PA      | $170339.17    | 0.01%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kaseya Inc                                              | Kaseya Inc 2025 2nd Lien Term Loan B                                                                                   | CUSIP: 48578AAE8<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |   1700000 | PA      | $1703719.60   | 0.05%             | 2033-03-18      | Floating      | 9.16%                 | No            |                  2 | On Loan: No      |
| AIMBRIDGE ACQUISITION CO INC                            | Aimbridge Acquisition Co Inc 2025 First Out Term Loan                                                                  | CUSIP: 00900YAG1<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |    204181 | PA      | $204181.46    | 0.01%             | 2030-03-11      | Floating      | 9.76%                 | No            |                  3 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                | Celanese US Holdings LLC                                                                                               | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   3822000 | PA      | $3850144.56   | 0.11%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                                    | Range Resources Corp                                                                                                   | CUSIP: 75281ABK4<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |    320000 | PA      | $313248.45    | 0.01%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                             | Avient Corp                                                                                                            | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    260000 | PA      | $264231.10    | 0.01%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US 10YR ULTRA FUT DEC25                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |     -1135 | NC      | $-374352.68   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Rancho Mirage Community Facilities District             | RANCHO MIRAGE CA CMNTY FACS DIST SPL TAX                                                                               | CUSIP: 75213WCU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $438144.03    | 0.01%             | 2039-09-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                                    | Stillwater Mining Co                                                                                                   | CUSIP: 000000000<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |   1019000 | PA      | $1009512.82   | 0.03%             | 2026-11-16      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                  | PNC Financial Services Group Inc/The                                                                                   | CUSIP: 693475CE3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    924000 | PA      | $951220.13    | 0.03%             | 2036-07-21      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                | Marsh & McLennan Cos Inc                                                                                               | CUSIP: 571748CB6<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    290000 | PA      | $296857.09    | 0.01%             | 2031-11-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                     | Exeter Automobile Receivables Trust 2024-4                                                                             | CUSIP: 30166UAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    559000 | PA      | $569477.28    | 0.02%             | 2030-12-16      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                             | Hertz Vehicle Financing LLC                                                                                            | CUSIP: 42806MAR0<br>LEI: 5493004IHDYOZ9K9WF47 | Long             | ABS-O            | CORP              | US        |    478000 | PA      | $466961.16    | 0.01%             | 2028-06-26      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                | Avis Budget Rental Car Funding AESOP LLC                                                                               | CUSIP: 05377RGW8<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    187000 | PA      | $191352.76    | 0.01%             | 2028-02-22      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| KSL Commercial Mortgage Trust                           | KSL Commercial Mortgage Trust 2024-HT2                                                                                 | CUSIP: 500937AG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4005473.60   | 0.12%             | 2039-12-15      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                     | Southern California Edison Co                                                                                          | CUSIP: 842400JK0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    700000 | PA      | $706524.07    | 0.02%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                              | Progress Residential 2024-SFR1 Trust                                                                                   | CUSIP: 74331QAJ6<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   1131000 | PA      | $1070682.87   | 0.03%             | 2041-02-17      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Ondeck Asset Securitization Trust LLC                   | OnDeck Asset Securitization Trust IV LLC                                                                               | CUSIP: 67108SAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    273000 | PA      | $277082.41    | 0.01%             | 2030-08-19      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                  | Verizon Communications Inc                                                                                             | CUSIP: 92343VGB4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    310000 | PA      | $227462.23    | 0.01%             | 2051-03-22      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Farmer Mac Agricultural Real Estate Trust               | FARM 2024-1 Mortgage Trust                                                                                             | CUSIP: 30335JAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1331047 | PA      | $1188736.18   | 0.04%             | 2053-10-01      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH AMERICAS                                  | Bausch Health Americas Inc                                                                                             | CUSIP: 91911XAW4<br>LEI: KOO0397YRO83WY5MGD97 | Long             | DBT              | CORP              | US        |   2615000 | PA      | $2591334.25   | 0.08%             | 2027-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LONG RIDGE ENERGY LLC                                   | Long Ridge Energy LLC                                                                                                  | CUSIP: 54288CAA1<br>LEI: 984500764EC9AZ2FC764 | Long             | DBT              | CORP              | US        |   5307000 | PA      | $5458823.24   | 0.16%             | 2032-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PEBBLEBROOK HOTEL/FINANC                                | Pebblebrook Hotel LP / PEB Finance Corp                                                                                | CUSIP: 70510LAA7<br>LEI: N/A                  | Long             | DBT              |  | US        |    345000 | PA      | $350431.68    | 0.01%             | 2029-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Finastra USA Inc                                        | Finastra USA Inc 2023 Term Loan                                                                                        | CUSIP: 000000000<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |     75400 | PA      | $75965.74     | 0.00%             | 2029-09-13      | Floating      | 11.29%                | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC             | BBCMS Mortgage Trust 2023-C19                                                                                          | CUSIP: 05553RAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    148000 | PA      | $155128.95    | 0.00%             | 2056-04-15      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                                      | Athene Holding Ltd                                                                                                     | CUSIP: 04686JAL5<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |   3506000 | PA      | $3755429.11   | 0.11%             | 2055-05-19      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                              | BFLD Commercial Mortgage Trust 2025-5MW                                                                                | CUSIP: 088921AD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    790000 | PA      | $796472.39    | 0.02%             | 2042-10-10      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                         | Long: S9796YTF3 CDS USD R F  5.00000 Z9796YTF3_FEE CCPCDX / Short: S9796YTF3 CDS USD P V 03MEVENT Z9796YTF3_PRO CCPCDX | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |  50915000 | OU      | $3943580.59   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                                        | Aretec Group Inc                                                                                                       | CUSIP: 040133AA8<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |   6668000 | PA      | $6705360.80   | 0.20%             | 2029-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| THE CAMPBELLS COMPANY                                   | Campbell's Company/The                                                                                                 | CUSIP: 134429BR9<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    346000 | PA      | $320653.27    | 0.01%             | 2054-10-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STAR 2024-SFR4 Trust                                    | STAR 2024-SFR4 Trust                                                                                                   | CUSIP: 85520AAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3333000 | PA      | $3348097.16   | 0.10%             | 2041-10-17      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                             | Hertz Vehicle Financing III LLC                                                                                        | CUSIP: 42806MCP2<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $262560.05    | 0.01%             | 2031-01-27      | Fixed         | 9.41%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                                     | Coinbase Global Inc                                                                                                    | CUSIP: 19260QAC1<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   4902000 | PA      | $4656449.51   | 0.14%             | 2028-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | Service Properties Trust                                                                                               | CUSIP: 44106MAX0<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |   4595000 | PA      | $4304045.98   | 0.13%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                           | CommScope LLC                                                                                                          | CUSIP: 203372AV9<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55248.88     | 0.00%             | 2028-07-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                | Charter Communications Operating LLC / Charter Communications Operating Capital                                        | CUSIP: 161175BT0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2590000 | PA      | $2052687.92   | 0.06%             | 2050-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                                                       | CUSIP: 31427NA25<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1449576 | PA      | $1484205.76   | 0.04%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DIEBOLD NIXDORF INC                                     | Diebold Nixdorf Inc                                                                                                    | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |   8660000 | PA      | $9156774.23   | 0.27%             | 2030-03-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: SCG8MRAC8 IRS USD R F  4.64150 BCG8MRAC8_FIX CCPOIS / Short: SCG8MRAC8 IRS USD P V 00MSOFR BCG8MRAC8_FLO CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  19500000 | OU      | $1487456.10   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                  | Bank of New York Mellon Corp/The                                                                                       | CUSIP: 06406RBZ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1231000 | PA      | $1272524.97   | 0.04%             | 2032-07-22      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                      | CNX Resources Corp                                                                                                     | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   4044000 | PA      | $4172328.25   | 0.12%             | 2031-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                         | Lamb Weston Holdings Inc                                                                                               | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |   3709000 | PA      | $3508515.49   | 0.10%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                        | Trinitas CLO XII Ltd                                                                                                   | CUSIP: 89641GBA9<br>LEI: 254900G1XMKSN9WBVL66 | Long             | ABS-CBDO         | CORP              | KY        |   2636000 | PA      | $2644248.04   | 0.08%             | 2033-04-25      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                 | Teva Pharmaceutical Finance Netherlands III BV                                                                         | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   3575000 | PA      | $3725904.33   | 0.11%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                  | Pacific Gas and Electric Co                                                                                            | CUSIP: 694308KU0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1076347.01   | 0.03%             | 2035-03-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                       | Service Corp International/US                                                                                          | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    735000 | PA      | $745531.08    | 0.02%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                  | Venture Global LNG Inc                                                                                                 | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   5185000 | PA      | $5447751.48   | 0.16%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Zayo Issuer LLC                                         | Zayo Issuer LLC                                                                                                        | CUSIP: 98919WAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2060562.40   | 0.06%             | 2055-06-20      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                   | Mission Lane Credit Card Master Trust                                                                                  | CUSIP: 60510MBD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5078321.50   | 0.15%             | 2029-08-15      | Fixed         | 13.69%                | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                           | Citigroup Inc                                                                                                          | CUSIP: 17327CBA0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  10093000 | PA      | $10320904.08  | 0.31%             | 2036-03-27      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                                | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp                                                     | CUSIP: 505742AS5<br>LEI: N/A                  | Long             | DBT              |  | US        |   1190000 | PA      | $1214341.45   | 0.04%             | 2030-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                 | Sasol Financing USA LLC                                                                                                | CUSIP: 80386WAF2<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1038166.00   | 0.03%             | 2029-05-03      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Horizon Aircraft Finance                                | Horizon Aircraft Finance IV Ltd                                                                                        | CUSIP: 43990EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    828400 | PA      | $838281.32    | 0.02%             | 2049-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                | Ford Motor Credit Co LLC                                                                                               | CUSIP: 345397D67<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    650000 | PA      | $695091.82    | 0.02%             | 2033-11-07      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                             | Hertz Vehicle Financing III LLC 2025-2                                                                                 | CUSIP: 42806MDA4<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   1310000 | PA      | $1319663.48   | 0.04%             | 2031-09-25      | Fixed         | 8.34%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                                                                                    | CUSIP: 91282CNY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13597100 | PA      | $13504150.90  | 0.40%             | 2028-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                | Clear Channel Outdoor Holdings Inc                                                                                     | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1427000 | PA      | $1425675.17   | 0.04%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Advisor Group Inc                                       | Advisor Group Inc 2025 Term Loan                                                                                       | CUSIP: 68773JAG5<br>LEI: 549300XL60BDV6UW5C86 | Long             | LON              | CORP              | US        |   2750000 | PA      | $2751966.25   | 0.08%             | 2032-07-30      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                | Hilton Domestic Operating Co Inc                                                                                       | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   2210000 | PA      | $2241105.75   | 0.07%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                 | Teva Pharmaceutical Finance Netherlands III BV                                                                         | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   3905000 | PA      | $3929261.49   | 0.12%             | 2029-05-09      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                                 | Shell International Finance BV                                                                                         | CUSIP: 822582CL4<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |   1650000 | PA      | $1098299.00   | 0.03%             | 2051-11-26      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bank5                                                   | BANK5 2025-5YR14                                                                                                       | CUSIP: 06604MAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1747000 | PA      | $1831498.20   | 0.05%             | 2058-04-15      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| HTL Commercial Mortgage Trust                           | HTL Commercial Mortgage Trust 2024-T53                                                                                 | CUSIP: 404300AE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    945000 | PA      | $964067.45    | 0.03%             | 2039-05-10      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS LLC                                  | Chubb INA Holdings LLC                                                                                                 | CUSIP: 171239AM8<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1509491.10   | 0.04%             | 2035-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                                   | Minerva Luxembourg SA                                                                                                  | CUSIP: 603374AH2<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |   2190000 | PA      | $2406358.16   | 0.07%             | 2033-09-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                                      | Siemens Funding BV                                                                                                     | CUSIP: 82622RAE6<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $519059.80    | 0.02%             | 2035-05-28      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fortress Credit BSL Limited                             | Fortress Credit BSL XVIII Ltd                                                                                          | CUSIP: 34965DAY9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   3318000 | PA      | $3317850.69   | 0.10%             | 2036-04-23      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: SCG8PPUS2 IRS USD R F  4.59650 BCG8PPUS2_FIX CCPOIS / Short: SCG8PPUS2 IRS USD P V 00MSOFR BCG8PPUS2_FLO CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2300000 | OU      | $189480.90    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                     | Southern California Edison Co                                                                                          | CUSIP: 842400JH7<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   4550000 | PA      | $4421996.35   | 0.13%             | 2055-03-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                   | Icahn Enterprises LP / Icahn Enterprises Finance Corp                                                                  | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9086000 | PA      | $8938181.77   | 0.27%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                      | Ford Motor Co                                                                                                          | CUSIP: 345370CA6<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    375000 | PA      | $414947.66    | 0.01%             | 2031-07-16      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                | Long: SCGCAHPM6 IRS USD R F  4.07700 BCGCAHPM6_FIX CCPOIS / Short: SCGCAHPM6 IRS USD P V 00MSOFR BCGCAHPM6_FLO CCPOIS  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  83000000 | OU      | $2332988.90   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                | Hilcorp Energy I LP / Hilcorp Finance Co                                                                               | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $887802.57    | 0.03%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WSTN Trust                                              | WSTN Trust 2023-MAUI                                                                                                   | CUSIP: 92943AAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    260000 | PA      | $264767.44    | 0.01%             | 2037-07-05      | Variable      | 7.26%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                          | Morgan Stanley                                                                                                         | CUSIP: 61747YFV2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    731000 | PA      | $739452.02    | 0.02%             | 2055-11-19      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                  | Cloud Software Group Inc                                                                                               | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    755000 | PA      | $762640.83    | 0.02%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                                                        | CUSIP: 3140APSB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     41641 | PA      | $42043.02     | 0.00%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                           | Carnival Corp                                                                                                          | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   7480000 | PA      | $7641986.88   | 0.23%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bank5                                                   | BANK5 2024-5YR11                                                                                                       | CUSIP: 06644WBW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    628545 | PA      | $639613.80    | 0.02%             | 2057-11-15      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| GENM CAPITAL LABUAN                                     | GENM Capital Labuan Ltd                                                                                                | CUSIP: 000000000<br>LEI: 254900DWSHIWTSE0YG58 | Long             | DBT              | CORP              | MY        |   1750000 | PA      | $1611667.58   | 0.05%             | 2031-04-19      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Bank5                                                   | BANK5 2023-5YR1                                                                                                        | CUSIP: 06644EBZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    399936 | PA      | $413088.86    | 0.01%             | 2056-04-15      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                              | Progress Residential 2024-SFR3 Trust                                                                                   | CUSIP: 74331VAL0<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    534000 | PA      | $500437.94    | 0.01%             | 2041-06-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                  | General Motors Financial Co Inc                                                                                        | CUSIP: 37045XFJ0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    299000 | PA      | $308117.57    | 0.01%             | 2030-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                        | SMB Private Education Loan Trust 2025-B                                                                                | CUSIP: 83208BAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1202000 | PA      | $1207876.22   | 0.04%             | 2053-03-17      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                  | Harvest Midstream I LP                                                                                                 | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |   2084000 | PA      | $2135724.88   | 0.06%             | 2032-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                           | ZF North America Capital Inc                                                                                           | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   2985000 | PA      | $2915223.54   | 0.09%             | 2030-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Ondeck Asset Securitization Trust LLC                   | OnDeck Asset Securitization Trust IV LLC                                                                               | CUSIP: 67108SAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    265000 | PA      | $265780.90    | 0.01%             | 2031-10-17      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Brazoria County Industrial Development Corp             | BRAZORIA CNTY TX INDL DEV CORP SOLID WST DISP FACS REVENUE                                                             | CUSIP: 10604PAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    187474 | PA      | $43118.96     | 0.00%             | 2043-06-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                                 | Exxon Mobil Corp                                                                                                       | CUSIP: 30231GBM3<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |   4115000 | PA      | $3018561.87   | 0.09%             | 2051-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust                           | NYC Commercial Mortgage Trust 2025-3BP                                                                                 | CUSIP: 67120UAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1329000 | PA      | $1329591.67   | 0.04%             | 2042-02-15      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                       | Herc Holdings Inc                                                                                                      | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   3245000 | PA      | $3373310.55   | 0.10%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                                                                   | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6713000 | PA      | $7231047.11   | 0.21%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                | Benchmark 2025-V15 Mortgage Trust                                                                                      | CUSIP: 08164CAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1854000 | PA      | $1937560.52   | 0.06%             | 2058-06-15      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                   | Icahn Enterprises LP / Icahn Enterprises Finance Corp                                                                  | CUSIP: 451102BT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1194000 | PA      | $1193574.10   | 0.04%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC             | BBCMS Mortgage Trust 2024-C28                                                                                          | CUSIP: 07336WBE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2670000 | PA      | $2744103.18   | 0.08%             | 2057-09-15      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                                         | Xcel Energy Inc                                                                                                        | CUSIP: 98389BBB5<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |     44000 | PA      | $45437.53     | 0.00%             | 2034-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                                | USA Compression Partners LP / USA Compression Finance Corp                                                             | CUSIP: 91740PAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    730000 | PA      | $733248.65    | 0.02%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                          | Eli Lilly & Co                                                                                                         | CUSIP: 532457CX4<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   2492000 | PA      | $2579065.94   | 0.08%             | 2035-02-12      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| MARB BONDCO PLC                                         | MARB BondCo PLC                                                                                                        | CUSIP: 000000000<br>LEI: 254900PVA1EU6QM1JN57 | Long             | DBT              | CORP              | GB        |   1606000 | PA      | $1472491.45   | 0.04%             | 2031-01-29      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                                           | Citigroup Inc                                                                                                          | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    625000 | PA      | $625482.01    | 0.02%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                   | Genesis Energy LP / Genesis Energy Finance Corp                                                                        | CUSIP: 37185LAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1895000 | PA      | $1977775.50   | 0.06%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                          | CPS Auto Receivables Trust 2024-A                                                                                      | CUSIP: 22411CAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $737381.12    | 0.02%             | 2031-08-15      | Fixed         | 8.42%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2024-GPA2                                                                                 | CUSIP: 12433DAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    341965 | PA      | $342957.62    | 0.01%             | 2041-11-15      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| AMBIPAR LUX SARL                                        | Ambipar Lux Sarl                                                                                                       | CUSIP: 02319WAB7<br>LEI: 9845008C0E14F9BDEK55 | Long             | DBT              | CORP              | LU        |    925000 | PA      | $155501.75    | 0.00%             | 2033-02-05      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| Hilton USA Trust                                        | HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                                                                                | CUSIP: 403956AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2006224.80   | 0.06%             | 2037-05-15      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                      | BMO 2024-5C3 Mortgage Trust                                                                                            | CUSIP: 09660QAY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     89000 | PA      | $91372.96     | 0.00%             | 2057-02-15      | Variable      | 7.09%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                              | AbbVie Inc                                                                                                             | CUSIP: 00287YDV8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    350000 | PA      | $352112.38    | 0.01%             | 2044-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTERNATIONAL                                  | American International Group Inc                                                                                       | CUSIP: 026874DX2<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |   3969000 | PA      | $4137138.23   | 0.12%             | 2035-05-07      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| TRANSPORT DE GAS DEL SUR                                | Transportadora de Gas del Sur SA                                                                                       | CUSIP: 893870AY1<br>LEI: 5299002TRC7IFQYSW596 | Long             | DBT              | CORP              | AR        |    810000 | PA      | $834342.12    | 0.02%             | 2031-07-24      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                    | Edison International                                                                                                   | CUSIP: 281020BC0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1040333.67   | 0.03%             | 2030-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                                          | Ryan Specialty LLC                                                                                                     | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1097955.99   | 0.03%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                | Microchip Technology Inc                                                                                               | CUSIP: 595017BE3<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    775000 | PA      | $792386.11    | 0.02%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CFG Investments Limited                                 | CFG Investments Ltd                                                                                                    | CUSIP: 12528GAN2<br>LEI: 549300C3OD89QRWQ1Y92 | Long             | ABS-O            | CORP              | KY        |    477000 | PA      | $488355.27    | 0.01%             | 2036-03-25      | Fixed         | 9.16%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FIN USA LTD                                | BHP Billiton Finance USA Ltd                                                                                           | CUSIP: 055451BA5<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |     36000 | PA      | $36812.39     | 0.00%             | 2033-02-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I              | Research-Driven Pagaya Motor Asset Trust 2025-4                                                                        | CUSIP: 76089MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5142000 | PA      | $5170506.22   | 0.15%             | 2034-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC             | BBCMS Mortgage Trust 2025-C32                                                                                          | CUSIP: 07337AAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3421000 | PA      | $3473579.06   | 0.10%             | 2062-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Venator Materials LLC                                   | Venator Materials LLC 2024 First Out Term Loan                                                                         | CUSIP: 000000000<br>LEI: 2221000BJZTBBAJL7429 | Long             | LON              | CORP              | US        |      9676 | PA      | $2399.59      | 0.00%             | 2026-07-16      | Floating      | 8.00%                 | No            |                  3 | On Loan: No      |
| CATURUS ENERGY LLC                                      | Caturus Energy LLC                                                                                                     | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |    685000 | PA      | $713748.45    | 0.02%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                   | Civitas Resources Inc                                                                                                  | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   5798000 | PA      | $5947362.45   | 0.18%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                              | GLS Auto Receivables Issuer Trust 2024-1                                                                               | CUSIP: 36269HAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    397000 | PA      | $406762.39    | 0.01%             | 2029-12-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                           | EchoStar Corp                                                                                                          | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   4370048 | PA      | $4508687.77   | 0.13%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                                 | Surgery Center Holdings Inc                                                                                            | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1429609.44   | 0.04%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                              | Humana Inc                                                                                                             | CUSIP: 444859CB6<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    557000 | PA      | $532012.63    | 0.02%             | 2054-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                                                                    | CUSIP: 71654QBR2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     24000 | PA      | $19522.44     | 0.00%             | 2045-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                        | SMB Private Education Loan Trust 2025-B                                                                                | CUSIP: 83208BAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1246000 | PA      | $1271986.58   | 0.04%             | 2053-03-17      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2020-VIV2                                                                                 | CUSIP: 05605NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $464898.50    | 0.01%             | 2044-03-09      | Variable      | 3.66%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** Capital Group Fixed Income ETF Trust

**Signature:** Scott Lewis

**Name of Signer:** Scott Lewis

**Title:** Analyst