# EDGAR Filing Document

**Accession Number:** 0000908406
**File Stem:** 0001193125-26-077889
**Filing Date:** 2026-2
**Character Count:** 188452
**Document Hash:** 1497d14ddb9aa3f6d6f657fbb7a2b8ea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-077889.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001193125-26-077889

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN CENTURY INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000908406

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07822
- **FILM NUMBER:** 26691304

**BUSINESS ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111
- **BUSINESS PHONE:** 816-531-5575

**MAIL ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BENHAM INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19930629

## Series and Classes Contracts Data

### SHORT DURATION FUND (Series ID: S000014385)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000039175 | C CLASS        | ACSKX           |
| C000039176 | R CLASS        | ACSPX           |
| C000039177 | INVESTOR CLASS | ACSNX           |
| C000039178 | R5 CLASS       | ACSUX           |
| C000039179 | A CLASS        | ACSQX           |
| C000189692 | I CLASS        | ASHHX           |
| C000194393 | R6 CLASS       | ASDDX           |
| C000224786 | G CLASS        | ASDOX           |

## Nport-Ex

**American Century Investments**<sup>®</sup>

**Quarterly Portfolio Holdings**

**Short Duration Fund**

**December 31, 2025**

------

---

| |
|:---|
| **<u>Short Duration Fund - Schedule of Investments</u>** |
| **DECEMBER 31, 2025 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount ($)/Shares** | **Value ($)** |
| **CORPORATE BONDS — 36.6%** |  |  |
| **Aerospace and Defense — 0.5%** |  |  |
| Boeing Co., 2.20%, 2/4/26 | 3295000 | 3288862 |
| Boeing Co., 6.30%, 5/1/29 | 1490000 | 1582073 |
|  |  | 4870935 |
| **Automobiles — 1.8%** |  |  |
| Ford Motor Credit Co. LLC, 5.125%, 11/5/26 | 2950000 | 2966885 |
| Ford Motor Credit Co. LLC, 5.80%, 3/5/27 | 2900000 | 2937330 |
| General Motors Financial Co., Inc., 5.40%, 4/6/26 | 2810000 | 2820019 |
| Hyundai Capital America, 5.95%, 9/21/26<sup>(1)</sup> | 2365000 | 2396163 |
| Hyundai Capital America, 4.875%, 11/1/27<sup>(1)</sup> | 3515000 | 3564019 |
| Volkswagen Group of America Finance LLC, 4.90%, 8/14/26<sup>(1)</sup> | 2110000 | 2119018 |
| Volkswagen Group of America Finance LLC, 6.00%, 11/16/26<sup>(1)</sup> | 2265000 | 2302471 |
|  |  | 19105905 |
| **Banks — 6.9%** |  |  |
| ABN AMRO Bank NV, VRN, 3.32%, 3/13/37<sup>(1)</sup> | 2800000 | 2564883 |
| Bank of America Corp., VRN, 4.98%, 1/24/29 | 3500000 | 3565845 |
| Bank of Montreal, VRN, 7.70%, 5/26/84 | 1243000 | 1320630 |
| Bank of Nova Scotia, VRN, 8.625%, 10/27/82 | 2374000 | 2522933 |
| Bank of Nova Scotia, VRN, 8.00%, 1/27/84 | 1385000 | 1488863 |
| Banque Federative du Credit Mutuel SA, 4.59%, 10/16/28<sup>(1)</sup> | 1667000 | 1685348 |
| Citibank NA, VRN, 4.88%, 11/19/27 | 2295000 | 2311923 |
| Comerica, Inc., VRN, 5.98%, 1/30/30 | 2830000 | 2952806 |
| Freedom Mortgage Corp., 6.625%, 1/15/27<sup>(1)</sup> | 1740000 | 1752713 |
| Freedom Mortgage Holdings LLC, 9.25%, 2/1/29<sup>(1)</sup> | 1650000 | 1731474 |
| Freedom Mortgage Holdings LLC, 6.875%, 5/1/31<sup>(1)</sup> | 2145000 | 2147448 |
| Goldman Sachs Bank USA, VRN, 5.41%, 5/21/27 | 2950000 | 2965790 |
| HSBC Holdings PLC, VRN, 7.39%, 11/3/28 | 1850000 | 1956305 |
| Intesa Sanpaolo SpA, VRN, 4.20%, 6/1/32<sup>(1)</sup> | 4420000 | 4219409 |
| KBC Group NV, VRN, 4.45%, 9/23/31<sup>(1)</sup> | 3907000 | 3901273 |
| Morgan Stanley Bank NA, VRN, 5.02%, 1/12/29 | 2855000 | 2908083 |
| Morgan Stanley Private Bank NA, VRN, 4.73%, 7/18/31 | 495000 | 501882 |
| Morgan Stanley Private Bank NA, VRN, 4.47%, 11/19/31 | 2679000 | 2686597 |
| NatWest Group PLC, VRN, 3.03%, 11/28/35 | 2213000 | 2036390 |
| PNC Financial Services Group, Inc., VRN, 5.10%, 7/23/27 | 2470000 | 2484116 |
| Royal Bank of Canada, VRN, 4.00%, 11/3/28 | 5780000 | 5786337 |
| Royal Bank of Canada, VRN, 4.50%, 8/6/29 | 3074000 | 3105237 |
| Synchrony Bank, 5.625%, 8/23/27 | 961000 | 980761 |
| Toronto-Dominion Bank, 4.11%, 10/13/28 | 3000000 | 3007899 |
| Toronto-Dominion Bank, VRN, 8.125%, 10/31/82 | 3361000 | 3546960 |
| Truist Bank, VRN, 4.67%, 5/20/27 | 2030000 | 2033640 |
| Truist Bank, VRN, 4.63%, 9/17/29 | 1520000 | 1525682 |
| Wells Fargo & Co., VRN, 4.97%, 4/23/29 | 2260000 | 2302433 |
| Zions Bancorp NA, VRN, 4.70%, 8/18/28 | 2874000 | 2876210 |
|  |  | 72869870 |
| **Building Products — 0.3%** |  |  |
| Standard Industries, Inc., 4.75%, 1/15/28<sup>(1)</sup> | 2670000 | 2665985 |
| **Capital Markets — 3.5%** |  |  |
| Ares Strategic Income Fund, 5.70%, 3/15/28 | 2133000 | 2162862 |
| Blue Owl Capital Corp., 3.40%, 7/15/26 | 2365000 | 2349181 |

---

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| | | |
|:---|:---|:---|
| Blue Owl Capital Corp., 5.95%, 3/15/29 | 395000 | 398743 |
| Blue Owl Technology Finance Corp., 6.10%, 3/15/28<sup>(1)</sup> | 2760000 | 2778787 |
| Citadel Finance LLC, 5.90%, 2/10/30<sup>(1)</sup> | 1000000 | 1021306 |
| Coinbase Global, Inc., 3.375%, 10/1/28<sup>(1)</sup> | 1445000 | 1377697 |
| Goldman Sachs Group, Inc., VRN, 5.73%, 4/25/30 | 1870000 | 1954036 |
| Golub Capital Private Credit Fund, 5.45%, 8/15/28<sup>(1)</sup> | 1290000 | 1299460 |
| HPS Corporate Lending Fund, 5.45%, 1/14/28 | 2875000 | 2907705 |
| Morgan Stanley, VRN, 4.99%, 4/12/29 | 1487000 | 1516620 |
| Morgan Stanley, VRN, 4.13%, 10/18/29 | 3835000 | 3834266 |
| Morgan Stanley, VRN, 6.41%, 11/1/29 | 2380000 | 2523066 |
| North Haven Private Income Fund LLC, 5.125%, 9/25/28<sup>(1)</sup> | 2783000 | 2778747 |
| Northern Trust Corp., VRN, 3.375%, 5/8/32 | 2950000 | 2910325 |
| S&P Global, Inc., 4.25%, 1/15/31<sup>(1)</sup> | 3507000 | 3507218 |
| State Street Corp., VRN, 3.03%, 11/1/34 | 3750000 | 3542508 |
|  |  | 36862527 |
| **Chemicals — 0.0%** |  |  |
| Braskem Netherlands Finance BV, 4.50%, 1/10/28<sup>(1)</sup> | 1355000 | 558304 |
| **Commercial Services and Supplies — 0.2%** |  |  |
| Veralto Corp., 5.50%, 9/18/26 | 2260000 | 2279874 |
| **Consumer Finance — 0.5%** |  |  |
| Avilease Capital Ltd., 4.75%, 11/12/30<sup>(1)</sup> | 2140000 | 2124614 |
| Bread Financial Holdings, Inc., 6.75%, 5/15/31<sup>(1)</sup> | 1950000 | 2021302 |
| OneMain Finance Corp., 6.125%, 5/15/30 | 645000 | 659146 |
|  |  | 4805062 |
| **Diversified REITs — 1.5%** |  |  |
| Equinix Europe 2 Financing Corp. LLC, 4.60%, 11/15/30 | 3585000 | 3596638 |
| Global Net Lease, Inc., 4.50%, 9/30/28<sup>(1)</sup> | 2710000 | 2666026 |
| Kilroy Realty LP, 4.25%, 8/15/29 | 4570000 | 4483695 |
| Kilroy Realty LP, 3.05%, 2/15/30 | 620000 | 577360 |
| Piedmont Operating Partnership LP, 6.875%, 7/15/29 | 291000 | 309244 |
| Vornado Realty LP, 2.15%, 6/1/26 | 4382000 | 4334566 |
|  |  | 15967529 |
| **Diversified Telecommunication Services — 0.5%** |  |  |
| AT&T, Inc., 7.30%, 8/15/26 | 2015000 | 2048055 |
| Frontier Communications Holdings LLC, 6.00%, 1/15/30<sup>(1)</sup> | 2755000 | 2803992 |
| Sprint Capital Corp., 6.875%, 11/15/28 | 811000 | 870589 |
|  |  | 5722636 |
| **Electric Utilities — 2.0%** |  |  |
| Black Hills Corp., 4.55%, 1/31/31 | 2125000 | 2126406 |
| Duke Energy Florida LLC, 4.20%, 12/1/30 | 1067000 | 1069062 |
| Emera, Inc., Series 16-A, VRN, 6.75%, 6/15/76 | 2305000 | 2325127 |
| Evergy Kansas Central, Inc., 4.70%, 3/13/28 | 1154000 | 1172179 |
| Jersey Central Power & Light Co., 4.15%, 1/15/29<sup>(1)</sup> | 1834000 | 1831456 |
| Monongahela Power Co., 3.55%, 5/15/27<sup>(1)</sup> | 5027000 | 4999600 |
| Pinnacle West Capital Corp., 5.15%, 5/15/30 | 1877000 | 1934924 |
| Southern Co., Series B, VRN, 4.00%, 1/15/51 | 5235000 | 5251833 |
|  |  | 20710587 |
| **Electrical Equipment — 0.4%** |  |  |
| Regal Rexnord Corp., 6.05%, 2/15/26 | 4340000 | 4348589 |
| **Entertainment — 0.3%** |  |  |
| Warnermedia Holdings, Inc., 3.76%, 3/15/27 | 2722000 | 2691378 |
| **Financial Services — 2.7%** |  |  |
| Antares Holdings LP, 6.35%, 10/23/29<sup>(1)</sup> | 1090000 | 1113210 |
| Atlas Warehouse Lending Co. LP, 6.05%, 1/15/28<sup>(1)</sup> | 3337000 | 3444629 |
| Atlas Warehouse Lending Co. LP, 4.625%, 11/15/28<sup>(1)</sup> | 2013000 | 2021253 |

---

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| | | |
|:---|:---|:---|
| Corebridge Global Funding, 4.45%, 10/2/30<sup>(1)</sup> | 3640000 | 3630558 |
| Deutsche Bank AG, VRN, 4.47%, 12/10/31 | 1645000 | 1639758 |
| Deutsche Bank AG, VRN, 4.875%, 12/1/32 | 1615000 | 1622408 |
| Deutsche Bank AG, VRN, 3.74%, 1/7/33 | 3000000 | 2787651 |
| Essent Group Ltd., 6.25%, 7/1/29 | 2380000 | 2485807 |
| Nationwide Building Society, 4.35%, 9/30/30<sup>(1)</sup> | 3315000 | 3318004 |
| Nationwide Building Society, VRN, 4.125%, 10/18/32<sup>(1)</sup> | 3626000 | 3603618 |
| NMI Holdings, Inc., 6.00%, 8/15/29 | 2270000 | 2353377 |
|  |  | 28020273 |
| **Food Products — 0.3%** |  |  |
| Mars, Inc., 4.60%, 3/1/28<sup>(1)</sup> | 2893000 | 2933288 |
| **Health Care Equipment and Supplies — 0.6%** |  |  |
| Baxter International, Inc., 4.45%, 2/15/29 | 3110000 | 3121684 |
| GE HealthCare Technologies, Inc., 4.15%, 12/15/28 | 1500000 | 1504336 |
| Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%, 4/1/29<sup>(1)</sup> | 2159000 | 2234589 |
|  |  | 6860609 |
| **Health Care Providers and Services — 2.0%** |  |  |
| Cardinal Health, Inc., 4.70%, 11/15/26 | 4320000 | 4348846 |
| Centene Corp., 4.25%, 12/15/27 | 3245000 | 3227906 |
| CVS Health Corp., 5.00%, 2/20/26 | 4965000 | 4966953 |
| HCA, Inc., 5.25%, 6/15/26 | 5000000 | 5003992 |
| Universal Health Services, Inc., 1.65%, 9/1/26 | 3922000 | 3856699 |
|  |  | 21404396 |
| **Hotels, Restaurants and Leisure — 0.7%** |  |  |
| Hyatt Hotels Corp., 5.75%, 1/30/27 | 687000 | 697888 |
| Hyatt Hotels Corp., 5.05%, 3/30/28 | 2695000 | 2745558 |
| Marriott International, Inc., 5.45%, 9/15/26 | 3845000 | 3880612 |
|  |  | 7324058 |
| **Household Durables — 0.2%** |  |  |
| Taylor Morrison Communities, Inc., 5.75%, 1/15/28<sup>(1)</sup> | 1980000 | 2016965 |
| **Industrial Conglomerates — 0.2%** |  |  |
| Honeywell International, Inc., 4.65%, 7/30/27 | 2190000 | 2219423 |
| **Insurance — 1.3%** |  |  |
| F&G Annuities & Life, Inc., 6.50%, 6/4/29 | 3535000 | 3687755 |
| Fortitude Global Funding, 4.625%, 10/6/28<sup>(1)</sup> | 1842000 | 1844643 |
| GA Global Funding Trust, 2.25%, 1/6/27<sup>(1)</sup> | 3600000 | 3535696 |
| GA Global Funding Trust, 4.40%, 9/23/27<sup>(1)</sup> | 2865000 | 2877521 |
| Global Atlantic Fin Co., 4.40%, 10/15/29<sup>(1)</sup> | 1375000 | 1354802 |
|  |  | 13300417 |
| **IT Services — 0.2%** |  |  |
| Kyndryl Holdings, Inc., 2.70%, 10/15/28 | 1809000 | 1735978 |
| **Life Sciences Tools and Services — 0.5%** |  |  |
| Illumina, Inc., 4.65%, 9/9/26 | 2661000 | 2670417 |
| Thermo Fisher Scientific, Inc., 5.00%, 12/5/26 | 2290000 | 2312877 |
|  |  | 4983294 |
| **Media — 1.1%** |  |  |
| Lamar Media Corp., 3.75%, 2/15/28 | 2885000 | 2842104 |
| Nexstar Media, Inc., 4.75%, 11/1/28<sup>(1)</sup> | 2710000 | 2691775 |
| Paramount Global, 2.90%, 1/15/27 | 2387000 | 2349324 |
| Sirius XM Radio LLC, 4.00%, 7/15/28<sup>(1)</sup> | 960000 | 939673 |
| TEGNA, Inc., 4.625%, 3/15/28 | 2795000 | 2768211 |
|  |  | 11591087 |
| **Mortgage Real Estate Investment Trusts (REITs) — 0.3%** |  |  |
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 7.00%, 7/15/31<sup>(1)</sup> | 2759000 | 2927225 |

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| | | |
|:---|:---|:---|
| **Multi-Utilities — 0.8%** |  |  |
| Ameren Corp., 5.70%, 12/1/26 | 2175000 | 2205402 |
| WEC Energy Group, Inc., 4.75%, 1/9/26 | 4935000 | 4935565 |
| WEC Energy Group, Inc., VRN, 5.625%, 5/15/56 | 782000 | 787508 |
|  |  | 7928475 |
| **Oil, Gas and Consumable Fuels — 4.1%** |  |  |
| Cenovus Energy, Inc., 4.65%, 3/20/31 | 2441000 | 2434202 |
| Diamondback Energy, Inc., 5.20%, 4/18/27 | 4430000 | 4496261 |
| Enbridge, Inc., 5.90%, 11/15/26 | 2940000 | 2983636 |
| Enbridge, Inc., VRN, 6.00%, 1/15/77 | 3800000 | 3821660 |
| Energy Transfer LP, 5.625%, 5/1/27<sup>(1)</sup> | 3335000 | 3336818 |
| EOG Resources, Inc., 4.40%, 1/15/31 | 2708000 | 2719507 |
| Equinor ASA, 4.50%, 9/3/30 | 1876000 | 1904064 |
| Expand Energy Corp., 6.75%, 4/15/29<sup>(1)</sup> | 252000 | 253499 |
| Expand Energy Corp., 5.375%, 3/15/30 | 2680000 | 2716924 |
| Ovintiv, Inc., 7.20%, 11/1/31 | 812000 | 897114 |
| Ovintiv, Inc., 7.375%, 11/1/31 | 648000 | 723238 |
| Petroleos Mexicanos, 5.95%, 1/28/31 | 6050000 | 5859228 |
| Repsol E&P Capital Markets U.S. LLC, 5.20%, 9/16/30<sup>(1)</sup> | 1592000 | 1615315 |
| Shell Finance U.S., Inc., 4.125%, 11/6/30 | 1129000 | 1129275 |
| Targa Resources Corp., 4.35%, 1/15/29 | 1720000 | 1725199 |
| Venture Global LNG, Inc., 8.125%, 6/1/28<sup>(1)</sup> | 1485000 | 1504964 |
| Venture Global Plaquemines LNG LLC, 6.125%, 12/15/30<sup>(1)</sup> | 1600000 | 1630279 |
| Western Midstream Operating LP, 4.80%, 3/1/31 | 1115000 | 1114810 |
| Williams Cos., Inc., 5.40%, 3/2/26 | 1925000 | 1929309 |
|  |  | 42795302 |
| **Passenger Airlines — 0.2%** |  |  |
| American Airlines Pass-Through Trust, Class A, 3.70%, 4/1/28 | 103196 | 102826 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 4/20/26<sup>(1)</sup> | 49 | 49 |
| United Airlines, Inc., 4.625%, 4/15/29<sup>(1)</sup> | 1615000 | 1609133 |
|  |  | 1712008 |
| **Pharmaceuticals — 0.1%** |  |  |
| EMD Finance LLC, 4.375%, 10/15/30<sup>(1)</sup> | 1557000 | 1562447 |
| **Professional Services — 0.2%** |  |  |
| Concentrix Corp., 6.60%, 8/2/28 | 2540000 | 2620838 |
| **Semiconductors and Semiconductor Equipment — 0.7%** |  |  |
| Foundry JV Holdco LLC, 5.50%, 1/25/31<sup>(1)</sup> | 3560000 | 3677001 |
| Intel Corp., 4.875%, 2/10/26 | 3510000 | 3512347 |
|  |  | 7189348 |
| **Software — 0.7%** |  |  |
| AppLovin Corp., 5.125%, 12/1/29 | 2253000 | 2311726 |
| Oracle Corp., 4.45%, 9/26/30 | 5444000 | 5327284 |
|  |  | 7639010 |
| **Specialized REITs — 0.5%** |  |  |
| EPR Properties, 4.50%, 6/1/27 | 2685000 | 2690571 |
| SBA Communications Corp., 3.125%, 2/1/29 | 2619000 | 2507431 |
|  |  | 5198002 |
| **Specialty Retail — 0.8%** |  |  |
| Home Depot, Inc., 5.15%, 6/25/26 | 6585000 | 6630876 |
| Lowe's Cos., Inc., 3.10%, 5/3/27 | 2145000 | 2122281 |
|  |  | 8753157 |
| **TOTAL CORPORATE BONDS**<br>(Cost $380,553,013) |  | **384174781** |
| **U.S. TREASURY SECURITIES — 19.0%** |  |  |
| U.S. Treasury Inflation-Indexed Notes, 2.125%, 4/15/29 | 2631325 | 2687446 |

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| | | |
|:---|:---|:---|
| U.S. Treasury Notes, 0.75%, 4/30/26<sup>(2)</sup> | 3000000 | 2972738 |
| U.S. Treasury Notes, 0.875%, 9/30/26 | 1000000 | 980340 |
| U.S. Treasury Notes, 3.50%, 10/31/27 | 17000000 | 17004981 |
| U.S. Treasury Notes, 3.875%, 6/15/28 | 85000000 | 85742090 |
| U.S. Treasury Notes, 4.00%, 6/30/28<sup>(2)</sup> | 1000000 | 1011855 |
| U.S. Treasury Notes, 3.375%, 9/15/28 | 12000000 | 11952187 |
| U.S. Treasury Notes, 3.50%, 11/15/28 | 51000000 | 50950195 |
| U.S. Treasury Notes, 3.75%, 12/31/28 | 21000000 | 21122637 |
| U.S. Treasury Notes, 4.125%, 3/31/29 | 5000000 | 5083789 |
| **TOTAL U.S. TREASURY SECURITIES**<br>(Cost $198,847,031) |  | **199508258** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS — 15.2%** |  |  |
| **Private Sponsor Collateralized Mortgage Obligations — 12.9%** |  |  |
| Arroyo Mortgage Trust, Series 2021-1R, Class A2, VRN, 1.48%, 10/25/48<sup>(1)</sup> | 668000 | 608916 |
| Arroyo Mortgage Trust, Series 2021-1R, Class A3, VRN, 1.64%, 10/25/48<sup>(1)</sup> | 528833 | 482844 |
| Bravo Residential Funding Trust, Series 2025-NQM3, Class A1, 5.57%, 3/25/65<sup>(1)</sup> | 1519844 | 1533899 |
| Bunker Hill Loan Depositary Trust, Series 2019-2, Class A2, SEQ, 3.08%, 7/25/49<sup>(1)</sup> | 215177 | 211781 |
| Chase Home Lending Mortgage Trust, Series 2024-10, Class A4, VRN, 6.00%, 10/25/55<sup>(1)</sup> | 2212995 | 2240944 |
| Chase Home Lending Mortgage Trust, Series 2024-3, Class A4, SEQ, VRN, 6.00%, 2/25/55<sup>(1)</sup> | 2869914 | 2902043 |
| Chase Home Lending Mortgage Trust, Series 2024-8, Class A6A, SEQ, VRN, 5.50%, 8/25/55<sup>(1)</sup> | 1110474 | 1110655 |
| Chase Home Lending Mortgage Trust, Series 2024-9, Class A4, VRN, 5.50%, 9/25/55<sup>(1)</sup> | 2165024 | 2168860 |
| Chase Home Lending Mortgage Trust, Series 2024-9, Class A6, SEQ, VRN, 5.50%, 9/25/55<sup>(1)</sup> | 646012 | 645650 |
| Chase Home Lending Mortgage Trust, Series 2025-10, Class A4A, VRN, 5.50%, 7/25/56<sup>(1)</sup> | 3710016 | 3742789 |
| Chase Home Lending Mortgage Trust, Series 2025-9, Class A4A, VRN, 5.50%, 6/25/56<sup>(1)</sup> | 4942769 | 4979442 |
| CHL Mortgage Pass-Through Trust, Series 2005-17, Class 1A11, 5.50%, 9/25/35 | 513 | 511 |
| Citigroup Mortgage Loan Trust, Inc., Series 2025-3, Class A11, VRN, 5.50%, 6/25/55<sup>(1)</sup> | 2118721 | 2132795 |
| Credit Suisse Mortgage Trust, Series 2020-AFC1, Class A3, VRN, 3.51%, 2/25/50<sup>(1)</sup> | 352021 | 338386 |
| GS Mortgage-Backed Securities Trust, Series 2023-PJ4, Class A15, SEQ, VRN, 6.00%, 1/25/54<sup>(1)</sup> | 3800151 | 3849234 |
| GS Mortgage-Backed Securities Trust, Series 2023-PJ6, Class A15, SEQ, VRN, 6.00%, 4/25/54<sup>(1)</sup> | 3716412 | 3750032 |
| GS Mortgage-Backed Securities Trust, Series 2024-PJ1, Class A15, VRN, 6.00%, 6/25/54<sup>(1)</sup> | 3999935 | 4023977 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ6, Class A4, SEQ, VRN, 6.00%, 11/25/55<sup>(1)</sup> | 2531236 | 2569678 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ7, Class A5, VRN, 5.50%, 12/25/55<sup>(1)</sup> | 3565442 | 3586331 |
| HOMES Trust, Series 2025-NQM3, Class A1, VRN, 5.63%, 2/25/70<sup>(1)</sup> | 6311124 | 6376480 |
| JP Morgan Mortgage Trust, Series 2014-5, Class A1, VRN, 2.57%, 10/25/29<sup>(1)</sup> | 23561 | 23278 |
| JP Morgan Mortgage Trust, Series 2019-5, Class A15, VRN, 4.00%, 11/25/49<sup>(1)</sup> | 218820 | 207071 |
| JP Morgan Mortgage Trust, Series 2020-5, Class A15, VRN, 3.00%, 12/25/50<sup>(1)</sup> | 2511615 | 2196791 |
| JP Morgan Mortgage Trust, Series 2023-7, Class A4A, SEQ, VRN, 5.50%, 2/25/54<sup>(1)</sup> | 3171985 | 3190607 |
| JP Morgan Mortgage Trust, Series 2024-10, Class A4, VRN, 5.50%, 3/25/55<sup>(1)</sup> | 2219495 | 2230100 |
| JP Morgan Mortgage Trust, Series 2024-10, Class A6, SEQ, VRN, 5.50%, 3/25/55<sup>(1)</sup> | 1354102 | 1356660 |
| JP Morgan Mortgage Trust, Series 2024-11, Class A4, VRN, 6.00%, 4/25/55<sup>(1)</sup> | 3418978 | 3449601 |
| JP Morgan Mortgage Trust, Series 2024-5, Class A6, SEQ, VRN, 6.00%, 11/25/54<sup>(1)</sup> | 1312566 | 1317650 |
| JP Morgan Mortgage Trust, Series 2024-9, Class A6, SEQ, VRN, 5.50%, 2/25/55<sup>(1)</sup> | 1037515 | 1037485 |
| JP Morgan Mortgage Trust, Series 2024-INV1, Class A4, SEQ, VRN, 6.00%, 4/25/55<sup>(1)</sup> | 2254202 | 2289932 |
| JP Morgan Mortgage Trust, Series 2025-5MPR, Class A1D, 5.50%, 11/25/55<sup>(1)</sup> | 2219455 | 2229464 |
| JP Morgan Mortgage Trust, Series 2025-5MPR, Class A3, 6.16%, 11/25/55<sup>(1)</sup> | 3281526 | 3317353 |
| JP Morgan Mortgage Trust, Series 2025-CCM2, Class A4A, SEQ, VRN, 5.50%, 9/25/55<sup>(1)</sup> | 4108409 | 4135398 |
| JP Morgan Mortgage Trust, Series 2025-NQM2, Class A2, 5.77%, 9/25/65<sup>(1)</sup> | 3657569 | 3691365 |
| MFA Trust, Series 2024-NQM1, Class A1, SEQ, 6.58%, 3/25/69<sup>(1)</sup> | 1946551 | 1975187 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-1, Class A3, VRN, 6.00%, 3/25/55<sup>(1)</sup> | 1529010 | 1548253 |
| PMT Loan Trust, Series 2025-J2, Class A9, VRN, 5.50%, 8/25/56<sup>(1)</sup> | 5674072 | 5716648 |
| PMT Loan Trust, Series 2025-J3, Class A8, VRN, 5.50%, 11/27/56<sup>(1)</sup> | 5210985 | 5244351 |
| PMT Loan Trust, Series 2025-J5, Class A5, VRN, 5.50%, 1/25/57<sup>(1)</sup> | 3975000 | 3989023 |
| PRKCM Trust, Series 2024-HOME1, Class A1, 6.43%, 5/25/59<sup>(1)</sup> | 1762389 | 1785787 |
| Provident Funding Mortgage Trust, Series 2025-1, Class A3, VRN, 5.50%, 2/25/55<sup>(1)</sup> | 4385638 | 4410268 |
| Provident Funding Mortgage Trust, Series 2025-2, Class A4, SEQ, VRN, 5.50%, 6/25/55<sup>(1)</sup> | 3038557 | 3058946 |

---

------

---

| | | |
|:---|:---|:---|
| Provident Funding Mortgage Trust, Series 2025-3, Class A4, VRN, 5.50%, 8/25/55<sup>(1)</sup> | 3797564 | 3819838 |
| Radian Mortgage Capital Trust, Series 2025-J3, Class A15, VRN, 5.50%, 12/25/55<sup>(1)</sup> | 4245198 | 4270723 |
| Rate Mortgage Trust, Series 2024-J3, Class A8, SEQ, VRN, 5.50%, 10/25/54<sup>(1)</sup> | 718514 | 720005 |
| Rate Mortgage Trust, Series 2025-J1, Class A4, VRN, 6.00%, 3/25/55<sup>(1)</sup> | 1842700 | 1870967 |
| Rate Mortgage Trust, Series 2025-J1, Class A5, VRN, 5.50%, 3/25/55<sup>(1)</sup> | 1013485 | 1024697 |
| Rate Mortgage Trust, Series 2025-J2, Class A5, VRN, 5.50%, 7/25/55<sup>(1)</sup> | 5000099 | 5020521 |
| Saluda Grade Alternative Mortgage Trust, Series 2024-CES1, Class A1, SEQ, VRN, 6.31%, 3/25/54<sup>(1)</sup> | 2396091 | 2426601 |
| Sequoia Mortgage Trust, Series 2024-10, Class A11, VRN, 5.50%, 11/25/54<sup>(1)</sup> | 797204 | 798414 |
| Sequoia Mortgage Trust, Series 2024-10, Class A5, SEQ, VRN, 5.50%, 11/25/54<sup>(1)</sup> | 1316092 | 1322733 |
| Sequoia Mortgage Trust, Series 2024-9, Class A5, SEQ, VRN, 5.50%, 10/25/54<sup>(1)</sup> | 1774098 | 1782354 |
| Sequoia Mortgage Trust, Series 2025-8, Class A4, VRN, 5.50%, 9/25/55<sup>(1)</sup> | 2907140 | 2925567 |
| Towd Point Mortgage Trust, Series 2024-1, Class A1, SEQ, VRN, 4.86%, 3/25/64<sup>(1)</sup> | 3381843 | 3440229 |
|  |  | 135079114 |
| **U.S. Government Agency Collateralized Mortgage Obligations — 2.3%** |  |  |
| FHLMC, Series 2021-DNA7, Class M1, VRN, 4.72%, (30-day average SOFR plus 0.85%), 11/25/41<sup>(1)</sup> | 896276 | 895516 |
| FHLMC, Series 2022-DNA6, Class M1A, VRN, 6.02%, (30-day average SOFR plus 2.15%), 9/25/42<sup>(1)</sup> | 601861 | 605042 |
| FHLMC, Series 2023-HQA2, Class M1A, VRN, 5.87%, (30-day average SOFR plus 2.00%), 6/25/43<sup>(1)</sup> | 875086 | 876586 |
| FHLMC, Series K734, Class A2, SEQ, 3.21%, 2/25/26 | 1858979 | 1853745 |
| FHLMC, Series K736, Class A2, SEQ, 2.28%, 7/25/26 | 8171538 | 8104234 |
| FNMA, Series 2006-60, Class KF, VRN, 4.29%, (30-day average SOFR plus 0.41%), 7/25/36 | 197233 | 195642 |
| FNMA, Series 2009-33, Class FB, VRN, 4.81%, (30-day average SOFR plus 0.93%), 3/25/37 | 202196 | 203551 |
| FNMA, Series 2016-55, Class PI, IO, 4.00%, 8/25/46 | 7250457 | 1249309 |
| FNMA, Series 2017-7, Class AI, IO, 6.00%, 2/25/47 | 4176426 | 627021 |
| FNMA, Series 2021-R03, Class 1M2, VRN, 5.52%, (30-day average SOFR plus 1.65%), 12/25/41<sup>(1)</sup> | 5000000 | 5029159 |
| FNMA, Series 2022-R09, Class 2M1, VRN, 6.37%, (30-day average SOFR plus 2.50%), 9/25/42<sup>(1)</sup> | 800888 | 811934 |
| FNMA, Series 2023-R04, Class 1M1, VRN, 6.17%, (30-day average SOFR plus 2.30%), 5/25/43<sup>(1)</sup> | 1736181 | 1769567 |
| FNMA, Series 2024-R02, Class 1M1, VRN, 4.97%, (30-day average SOFR plus 1.10%), 2/25/44<sup>(1)</sup> | 1189522 | 1189108 |
| FNMA, Series 2024-R03, Class 2M1, VRN, 5.02%, (30-day average SOFR plus 1.15%), 3/25/44<sup>(1)</sup> | 1045727 | 1046647 |
| FNMA, Series 413, Class C27, IO, 4.00%, 7/25/42 | 2352016 | 325118 |
|  |  | 24782179 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br>(Cost $158,185,071) |  | **159861293** |
| **ASSET-BACKED SECURITIES — 6.7%** |  |  |
| ACM Auto Trust, Series 2025-4A, Class A, SEQ, 5.87%, 5/20/30<sup>(1)</sup> | 2484000 | 2491269 |
| Aligned Data Centers Issuer LLC, Series 2021-1A, Class B, 2.48%, 8/15/46<sup>(1)</sup> | 3545000 | 3482367 |
| BasePoint MCA Securitization II LLC, Series 2025-1A, Class A, SEQ, 5.93%, 8/15/31<sup>(1)</sup> | 5500000 | 5535587 |
| BRAVO Residential Funding Trust, Series 2024-CES1, Class A1A, 6.38%, 4/25/54<sup>(1)</sup> | 96409 | 97763 |
| Centersquare Issuer LLC, Series 2025-3A, Class A2, SEQ, 5.00%, 8/25/55<sup>(1)</sup> | 5062733 | 4894168 |
| Chesapeake Funding II LLC, Series 2024-1A, Class A1, SEQ, 5.52%, 5/15/36<sup>(1)</sup> | 2569988 | 2601451 |
| FinBe USA Trust, Series 2025-1A, Class A, SEQ, 5.70%, 12/15/28<sup>(1)</sup> | 2101011 | 2109330 |
| Flexential Issuer, Series 2021-1A, Class A2, SEQ, 3.25%, 11/27/51<sup>(1)</sup> | 1828571 | 1802653 |
| Flexential Issuer LLC, Series 2025-1A, Class A2, SEQ, 6.03%, 10/25/60<sup>(1)</sup> | 2620000 | 2613042 |
| Goodgreen Trust, Series 2018-1A, Class A, VRN, 3.93%, 10/15/53<sup>(1)</sup> | 250004 | 232638 |
| JP Morgan Mortgage Trust, Series 2025-CES7, Class A1A, 5.06%, 4/25/56<sup>(1)</sup> | 2000000 | 1999963 |
| LMRK Issuer Co. 2 LLC, Series 2025-1A, Class A, SEQ, 5.52%, 9/15/55<sup>(1)</sup> | 4047000 | 4089417 |
| Luxury Lease Partners Auto Lease Trust, Series 2025-A, Class A, SEQ, 5.51%, 3/15/32<sup>(1)</sup> | 2354000 | 2353828 |
| Merchants Fleet Funding LLC, Series 2025-1A, Class C, 5.21%, 1/20/39<sup>(1)</sup> | 3000000 | 3009688 |
| MVW LLC, Series 2019-2A, Class B, 2.44%, 10/20/38<sup>(1)</sup> | 282626 | 282240 |
| New Economy Assets - Phase 1 Sponsor LLC, Series 2021-1, Class B1, 2.41%, 10/20/61<sup>(1)</sup> | 5000000 | 3142712 |
| NMEF Funding LLC, Series 2025-B, Class D, 5.47%, 1/18/33<sup>(1)</sup> | 3000000 | 3023441 |
| RCKT Mortgage Trust, Series 2024-CES1, Class A1A, VRN, 6.03%, 2/25/44<sup>(1)</sup> | 2710181 | 2734473 |
| RCKT Mortgage Trust, Series 2024-CES2, Class A1A, VRN, 6.14%, 4/25/44<sup>(1)</sup> | 1125015 | 1137627 |
| RCKT Mortgage Trust, Series 2024-CES3, Class A1A, VRN, 6.59%, 5/25/44<sup>(1)</sup> | 1087691 | 1104794 |
| RCKT Mortgage Trust, Series 2024-CES4, Class A1A, 6.15%, 6/25/44<sup>(1)</sup> | 1751344 | 1773552 |
| RCKT Mortgage Trust, Series 2024-CES8, Class A1A, 5.49%, 11/25/44<sup>(1)</sup> | 1909777 | 1925002 |

---

------

---

| | | |
|:---|:---|:---|
| SCF Equipment Leasing LLC, Series 2024-1A, Class A3, SEQ, 5.52%, 1/20/32<sup>(1)</sup> | 2675000 | 2728465 |
| Service Experts Issuer LLC, Series 2025-1A, Class A, SEQ, 5.38%, 1/20/37<sup>(1)</sup> | 4396054 | 4404759 |
| Sierra Timeshare Receivables Funding LLC, Series 2021-8, Class D, 3.17%, 11/20/37<sup>(1)</sup> | 172971 | 172689 |
| Towd Point Mortgage Trust, Series 2024-CES1, Class A1A, VRN, 5.85%, 1/25/64<sup>(1)</sup> | 2256018 | 2269952 |
| Verdant Receivables LLC, Series 2024-1A, Class A2, SEQ, 5.68%, 12/12/31<sup>(1)</sup> | 3347266 | 3416067 |
| Vertical Bridge CC LLC, Series 2025-1A, Class C, 7.45%, 8/16/55<sup>(1)</sup> | 3539352 | 3607583 |
| Westlake Automobile Receivables Trust, Series 2024-1A, Class A3, SEQ, 5.44%, 5/17/27<sup>(1)</sup> | 884620 | 885138 |
| **TOTAL ASSET-BACKED SECURITIES**<br>(Cost $70,517,944) |  | **69921658** |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES — 6.4%** |  |  |
| BBCMS Mortgage Trust, Series 2019-BWAY, Class D, VRN, 6.02%, (1-month SOFR plus 2.27%), 11/15/34<sup>(1)(3)(4)</sup> | 4370000 | 57310 |
| BX Commercial Mortgage Trust, Series 2025-JDI, Class A, SEQ, VRN, 5.15%, (1-month SOFR plus 1.40%), 11/15/42<sup>(1)</sup> | 4000000 | 4009622 |
| BX Trust, Class C, 3.86%, 12/9/41<sup>(1)</sup> | 5000000 | 4793971 |
| FREMF Mortgage Trust, Series 2016-K54, Class B, VRN, 4.14%, 4/25/48<sup>(1)</sup> | 15773000 | 15722766 |
| FREMF Mortgage Trust, Series 2016-K55, Class B, VRN, 4.18%, 4/25/49<sup>(1)</sup> | 11009000 | 10971164 |
| FREMF Mortgage Trust, Series 2017-K69, Class B, VRN, 3.73%, 10/25/49<sup>(1)</sup> | 4920000 | 4856283 |
| JP Morgan Chase Commercial Mortgage Securities Trust, Series 2018-AON, Class A, SEQ, 4.13%, 7/5/31<sup>(1)</sup> | 3575000 | 3150435 |
| NCMF Trust, Series 2025-MFS, Class C, VRN, 6.04%, 6/10/33<sup>(1)</sup> | 4621000 | 4706398 |
| NXPT Commercial Mortgage Trust, Series 2024-STOR, Class D, VRN, 5.65%, 11/5/41<sup>(1)</sup> | 5000000 | 5027771 |
| One Market Plaza Trust, Series 2017-1MKT, Class B, 3.85%, 2/10/32<sup>(1)</sup> | 3533000 | 3344644 |
| SCMS Mortgage Trust, Series 2025-BNC1, Class AS, SEQ, VRN, 5.31%, 12/15/57<sup>(1)</sup> | 4000000 | 4044899 |
| Velocity Commercial Capital Loan Trust, Series 2025-5, Class M1, VRN, 5.94%, 12/25/55<sup>(1)</sup> | 2342864 | 2351967 |
| WB Commercial Mortgage Trust, Series 2024-HQ, Class A, SEQ, VRN, 5.94%, 3/15/40<sup>(1)</sup> | 4000000 | 3997668 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES**<br>(Cost $71,388,967) |  | **67034898** |
| **CONVERTIBLE PREFERRED SECURITIES — 5.9%** |  |  |
| **Banks — 5.4%** |  |  |
| Australia & New Zealand Banking Group Ltd., 6.75%<sup>(1)</sup> | 2312000 | 2349711 |
| Banco Bilbao Vizcaya Argentaria SA, 6.125% | 2600000 | 2631234 |
| Banco Santander SA, 4.75% | 5000000 | 4997618 |
| Barclays PLC, 8.00% | 2073000 | 2220403 |
| BNP Paribas SA, 8.50%<sup>(1)</sup> | 5049000 | 5371702 |
| Danske Bank AS, 4.375% | 5223000 | 5220233 |
| HSBC Holdings PLC, 6.00% | 3922000 | 3967970 |
| HSBC Holdings PLC, 6.875% | 688000 | 714158 |
| ING Groep NV, 5.75% | 4555000 | 4580057 |
| ING Groep NV, 7.50% | 3312000 | 3453759 |
| Lloyds Banking Group PLC, 6.75% | 1982000 | 2004331 |
| Macquarie Bank Ltd., 6.125%<sup>(1)</sup> | 3037000 | 3090977 |
| Nordea Bank Abp, 6.625%<sup>(1)</sup> | 3960000 | 4008554 |
| Skandinaviska Enskilda Banken AB, 6.875% | 2200000 | 2258912 |
| Societe Generale SA, 4.75%<sup>(1)</sup> | 815000 | 813012 |
| Societe Generale SA, 9.375%<sup>(1)</sup> | 3920000 | 4190331 |
| Svenska Handelsbanken AB, 4.375% | 2400000 | 2380173 |
| Swedbank AB, VRN, 7.625% | 2600000 | 2725789 |
|  |  | 56978924 |
| **Capital Markets — 0.5%** |  |  |
| UBS Group AG, 9.25%<sup>(1)</sup> | 5035000 | 5539502 |
| **TOTAL CONVERTIBLE PREFERRED SECURITIES**<br>(Cost $61,312,522) |  | **62518426** |
| **PREFERRED SECURITIES — 3.5%** |  |  |
| **Banks — 1.0%** |  |  |
| Bank of America Corp., 4.375% | 2375000 | 2351119 |
| Citigroup, Inc., 3.875% | 3024000 | 3024688 |
| JPMorgan Chase & Co., 3.65% | 2192000 | 2181007 |
| KeyCorp, 5.00% | 2675000 | 2664386 |
|  |  | 10221200 |

---

------

---

| | | |
|:---|:---|:---|
| **Capital Markets — 1.3%** |  |  |
| Charles Schwab Corp., 4.00% | 4315000 | 4291285 |
| Goldman Sachs Group, Inc., 3.80% | 3320000 | 3292034 |
| Goldman Sachs Group, Inc., 7.38% | 3353000 | 3372461 |
| Northern Trust Corp., 4.60% | 2760000 | 2755190 |
|  |  | 13710970 |
| **Oil, Gas and Consumable Fuels — 0.4%** |  |  |
| Energy Transfer LP, 6.50% | 3990000 | 4024430 |
| **Trading Companies and Distributors — 0.8%** |  |  |
| Air Lease Corp., 4.65% | 2800000 | 2781620 |
| Aircastle Ltd., 5.25%<sup>(1)</sup> | 5556000 | 5567301 |
|  |  | 8348921 |
| **TOTAL PREFERRED SECURITIES**<br>(Cost $36,020,687) |  | **36305521** |
| **COLLATERALIZED LOAN OBLIGATIONS — 2.1%** |  |  |
| Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL4, Class A, VRN, 5.21%, (1-month SOFR plus 1.46%), 11/15/36<sup>(1)</sup> | 1057034 | 1057559 |
| Ares LII CLO Ltd., Series 2019-52A, Class CRR, VRN, 5.41%, (3-month SOFR plus 1.55%), 4/22/31<sup>(1)</sup> | 2400000 | 2401888 |
| BlackRock Rainier CLO VI Ltd., Series 2021-6A, Class A1R, VRN, 5.43%, (3-month SOFR plus 1.55%), 4/20/37<sup>(1)</sup> | 3000000 | 3004651 |
| Madison Park Funding XXII Ltd., Series 2016-22A, Class CR2, VRN, 5.85%, (3-month SOFR plus 1.95%), 1/15/38<sup>(1)</sup> | 6250000 | 6279216 |
| Magnetite XLI Ltd., Series 2024-41A, Class C, VRN, 5.64%, (3-month SOFR plus 1.78%), 1/25/38<sup>(1)</sup> | 1400000 | 1404883 |
| Palmer Square CLO Ltd., Series 2024-4A, Class A2, VRN, 5.40%, (3-month SOFR plus 1.50%), 1/15/38<sup>(1)</sup> | 1825000 | 1830529 |
| Sixth Street CLO VIII Ltd., Series 2017-8A, Class BR2, VRN, 5.68%, (3-month SOFR plus 1.80%), 10/20/34<sup>(1)</sup> | 5700000 | 5711400 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS**<br>(Cost $21,616,667) |  | **21690126** |
| **BANK LOAN OBLIGATIONS**<sup>(5)</sup> **— 0.1%** |  |  |
| **Aerospace and Defense — 0.1%** |  |  |
| TransDigm, Inc., 2025 Term Loan K, 5.97%, (1-month SOFR plus 2.25%), 3/22/30<br>(Cost $990,707) | 989981 | **993961** |
| **TOTAL INVESTMENT SECURITIES — 95.5%**<br>(Cost $999,432,609) |  | **1002008922** |
| **OTHER ASSETS AND LIABILITIES — 4.5%** |  | **46893763** |
| **TOTAL NET ASSETS — 100.0%** |  | $**1048902685** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** |
| **Reference Entity** | **Contracts** | **Expiration <br>Date** | **Notional Amount** | **Unrealized <br>Appreciation <br>(Depreciation)^** |
| U.S. Treasury 2-Year Notes | 3 | March 2026 | $626367 | $650 |

---

^Amount represents value and unrealized appreciation (depreciation).

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** |
| **Reference Entity** | **Contracts** | **Expiration <br>Date** | **Notional <br>Amount** | **Unrealized <br>Appreciation <br>(Depreciation)^** |
| U.S. Treasury 10-Year Notes | 219 | March 2026 | $24623812 | $4305 |
| U.S. Treasury 10-Year Ultra Notes | 1 | March 2026 | 115016 | (64) |
| U.S. Treasury 5-Year Notes | 118 | March 2026 | 12897953 | (17905) |
|  |  |  | $37636781 | $(13664) |

---

^Amount represents value and unrealized appreciation (depreciation).

------

---

| | | |
|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** |
| FHLMC | – | Federal Home Loan Mortgage Corp. |
| FNMA | – | Federal National Mortgage Association |
| IO | – | Interest Only |
| SEQ | – | Sequential Payer |
| SOFR | – | Secured Overnight Financing Rate |
| VRN | – | Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security's offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The security's effective maturity date may be shorter than the final maturity date shown. |

---

(1)Security was purchased pursuant to Rule 144A or Section 4(2) under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $453,375,601, which represented 43.2% of total net assets.

(2)Security, or a portion thereof, has been pledged at the custodian bank or with a broker for collateral requirements on futures contracts. At the period end, the aggregate value of securities pledged was $1,019,951.

(3)Security is in default.

(4)Non-income producing.

(5)The interest rate on a bank loan obligation adjusts periodically based on a predetermined schedule. Rate or range of rates shown is effective at period end. The maturity date on a bank loan obligation may be less than indicated as a result of contractual or optional prepayments. These prepayments cannot be predicted with certainty.

------

**SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS** 

**1. Investment Valuations**

The fund determines the fair value of its investments and computes its net asset value (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The value of investments of the fund is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Trustees oversees the valuation designee and reviews its valuation policies and procedures at least annually.

Fixed income securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Corporate bonds, U.S. Treasury and Government Agency securities, and bank loan obligations are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information. Mortgage-related and asset-backed securities are valued based on models that consider trade data, prepayment and default projections, benchmark yield and spread data and estimated cash flows of each tranche of the issuer. Collateralized loan obligations are valued based on discounted cash flow models that consider trade and economic data, prepayment assumptions and default projections. Commercial paper and certificates of deposit are valued using a curve-based approach that considers money market rates for specific instruments, programs, currencies and maturity points from a variety of active market makers.

Equity securities that are listed or traded on a domestic securities exchange are valued at the last reported sales price or at the official closing price as provided by the exchange. Equity securities traded on foreign securities exchanges are generally valued at the closing price of such securities on the exchange where primarily traded or at the close of the NYSE, if that is earlier. If no last sales price is reported, or if local convention or regulation so provides, the mean of the latest bid and asked prices may be used. Securities traded over-the-counter are valued at the mean of the latest bid and asked prices, the last sales price, or the official closing price.

Hybrid securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Preferred securities and convertible preferred securities with perpetual maturities are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information.

Open-end management investment companies are valued at the reported NAV per share. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange. Swap agreements are valued at an evaluated mean as provided by independent pricing services or independent brokers.

If the valuation designee determines that the market price for a portfolio security is not readily available or is believed by the valuation designee to be unreliable, such security is valued at fair value as determined in good faith by the valuation designee, in accordance with its policies and procedures. Circumstances that may cause a fund to determine that market quotations are not available or reliable include, but are not limited to: when there is a significant event subsequent to the market quotation; trading in a security has been halted during the trading day; or trading in a security is insufficient or did not take place due to a closure or holiday.

The valuation designee monitors for significant events occurring after the close of an investment's primary exchange but before the NAV per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; regulatory news, governmental action and political unrest that could impact a specific investment or an investment sector; or armed conflicts, natural disasters and similar events that could affect investments in a specific country or region. The valuation designee also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that it deems appropriate. The valuation designee may apply a model-derived factor to the closing price of equity securities traded on foreign securities exchanges. The factor is based on observable market data as provided by an independent pricing service.

**2. Fair Value Measurements**

The fund's investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels.

• Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.

• Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars.

• Level 3 valuation inputs consist of unobservable data (including a fund's own assumptions).

The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments.

------

The following is a summary of the level classifications as of period end. The Schedule of Investments provides additional information on the fund's portfolio holdings.

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| | | | |
|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** |
| **Assets** | **Assets** | **Assets** | **Assets** |
| **Investment Securities** | **Investment Securities** | **Investment Securities** | **Investment Securities** |
| Corporate Bonds |  | $384174781 |  |
| U.S. Treasury Securities |  | 199508258 |  |
| Collateralized Mortgage Obligations |  | 159861293 |  |
| Asset-Backed Securities |  | 69921658 |  |
| Commercial Mortgage-Backed Securities |  | 67034898 |  |
| Convertible Preferred Securities |  | 62518426 |  |
| Preferred Securities |  | 36305521 |  |
| Collateralized Loan Obligations |  | 21690126 |  |
| Bank Loan Obligations |  | 993961 |  |
|  |  | $1002008922 |  |
| **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** |
| Futures Contracts | $4955 |  |  |
| **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** | **Other Financial Instruments** |
| Futures Contracts | $17969 |  |  |

---

*This schedule of investments provides information about the fund's portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund's most recent annual or semiannual financial statements.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** American Century Investment Trust

- **b. Investment Company Act file number:** 811-07822

- **c. CIK number of Registrant:** 0000908406

- **d. LEI of Registrant:** 549300RGSU9J1L1HFF90

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

  - **Street Address 1:** 4500 Main St

  - **City:** Kansas City

  - **State:** MO

  - **Foreign country:** US

  - **Zip / Postal Code:** 64111

  - **Telephone number:** 816-531-5575

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

- **a. Name of Series:** Short Duration Fund

- **b. EDGAR series identifier (if any):** S000014385

- **c. LEI of Series:** 3VTVXMH1JRM312VF5K71

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1052635044.75

**Total Liabilities:** $4883617.51

**Net Assets:** $1047751427.24

**Cash Not Reported:** $36678596.64

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2895.000000000000 | **1-Year:** 25323.000000000000 | **5-Year:** 51069.000000000000 | **10-Year:** 22026.000000000000 | **30-Year:** 42203.000000000000

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

- **3-Month:** 141.000000000000 | **1-Year:** 3978.000000000000 | **5-Year:** 13122.000000000000 | **10-Year:** 2372.000000000000 | **30-Year:** 5915.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000039175 | 0.18%                | 0.37%                | 0.28%                |
| Class ID C000039176 | 0.22%                | 0.52%                | 0.22%                |
| Class ID C000039177 | 0.36%                | 0.46%                | 0.37%                |
| Class ID C000039178 | 0.38%                | 0.47%                | 0.38%                |
| Class ID C000039179 | 0.24%                | 0.54%                | 0.24%                |
| Class ID C000189692 | 0.37%                | 0.46%                | 0.38%                |
| Class ID C000194393 | 0.38%                | 0.48%                | 0.39%                |
| Class ID C000224786 | 0.31%                | 0.50%                | 0.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $936836.26               | $-1353542.49                               |
| Month 2  | $269079.44               | $1152117.45                                |
| Month 3  | $267814.63               | $-746265.83                                |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate Government & Credit (1-3 Y)

- **Index Identifier:** Bloomberg US Aggregate Government & Credit (1-3 Y)

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABN AMRO Bank NV                                                   | ABN AMRO Bank NV 3.32 03/13/2037                                                          | CUSIP: 00084DAV2<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   2800000 | PA      | $2564915.86   | 0.24%             | 2037-03-13      | Variable      | 3.32%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                                          | Corebridge Global Funding 4.45 10/02/2030                                                 | CUSIP: 00138CBJ6<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   3640000 | PA      | $3630558.17   | 0.35%             | 2030-10-02      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust 2025-4                                              | ACM Auto Trust 2025-4 5.87                                                                | CUSIP: 00161LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2484000 | PA      | $2491268.68   | 0.24%             | 2030-05-20      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                           | AT&T Inc 7.30 08/15/2026                                                                  | CUSIP: 00206RGJ5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2015000 | PA      | $2048054.40   | 0.20%             | 2026-08-15      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuer LLC                                    | Aligned Data Centers Issuer LLC 2.48                                                      | CUSIP: 01627AAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3545000 | PA      | $3482366.94   | 0.33%             | 2046-08-15      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Bread Financial Holdings Inc                                       | Bread Financial Holdings Inc 6.75 05/15/2031                                              | CUSIP: 018581AR9<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $2021301.75   | 0.19%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Ameren Corp                                                        | Ameren Corp 5.70 12/01/2026                                                               | CUSIP: 023608AP7<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |   2175000 | PA      | $2205402.35   | 0.21%             | 2026-12-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| American Airlines 2014-1 Class A Pass Through Trust                | American Airlines 2014-1 Class A Pass Through Trust 3.70 04/01/2028                       | CUSIP: 02377AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    103196 | PA      | $102825.81    | 0.01%             | 2028-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Global Net Lease Inc                                               | Global Net Lease Inc 4.50 09/30/2028                                                      | CUSIP: 02608AAA7<br>LEI: 549300NUYANCT5SU8Z65 | Long             | DBT              | CORP              | US        |   2710000 | PA      | $2666026.46   | 0.25%             | 2028-09-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Antares Holdings LP                                                | Antares Holdings LP 6.35 10/23/2029                                                       | CUSIP: 03666HAH4<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | CA        |   1090000 | PA      | $1113210.09   | 0.11%             | 2029-10-23      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| AppLovin Corp                                                      | AppLovin Corp 5.13 12/01/2029                                                             | CUSIP: 03831WAB4<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   2253000 | PA      | $2311725.46   | 0.22%             | 2029-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Trust Inc                                             | Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd 5.21                               | CUSIP: 03880RAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1057034 | PA      | $1057559.12   | 0.10%             | 2036-11-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| ARES CLO                                                           | ARES LII CLO Ltd 5.41                                                                     | CUSIP: 04009ABC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2400000 | PA      | $2401887.60   | 0.23%             | 2031-04-22      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Ares Strategic Income Fund                                         | Ares Strategic Income Fund 5.70 03/15/2028                                                | CUSIP: 04020EAG2<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |   2133000 | PA      | $2162862.26   | 0.21%             | 2028-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust 2021-1R                                      | Arroyo Mortgage Trust 2021-1R 1.48                                                        | CUSIP: 042853AB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    668000 | PA      | $608916.21    | 0.06%             | 2048-10-25      | Variable      | 1.48%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust 2021-1R                                      | Arroyo Mortgage Trust 2021-1R 1.64                                                        | CUSIP: 042853AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    528833 | PA      | $482844.36    | 0.05%             | 2048-10-25      | Variable      | 1.64%                 | No            |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co LP                                      | Atlas Warehouse Lending Co LP 6.05 01/15/2028                                             | CUSIP: 049463AD4<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |   3337000 | PA      | $3444628.49   | 0.33%             | 2028-01-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co LP                                      | Atlas Warehouse Lending Co LP 4.63 11/15/2028                                             | CUSIP: 049463AF9<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |   2013000 | PA      | $2021253.30   | 0.19%             | 2028-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd/United Kingdom           | Australia & New Zealand Banking Group Ltd/United Kingdom (pfd) 6.75% 12/15/2174 Perpetual | CUSIP: 05254HAA2<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | EP               | CORP              | GB        |   2312000 | NS      | $2349711.03   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Avilease Capital Ltd                                               | Avilease Capital Ltd 4.75 11/12/2030                                                      | CUSIP: 05370HAA1<br>LEI: 635400SXOPVAVBWNE366 | Long             | DBT              | CORP              | KY        |   2140000 | PA      | $2124613.94   | 0.20%             | 2030-11-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BBCMS 2019-BWAY Mortgage Trust                                     | BBCMS 2019-BWAY Mortgage Trust 6.02                                                       | CUSIP: 05492NAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4370000 | PA      | $57310.37     | 0.01%             | 2034-11-15      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                     | BNP Paribas SA (pfd) 8.50% 02/14/2174 Perpetual                                           | CUSIP: 05565A5R0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EP               | CORP              | FR        |   5049000 | NS      | $5371701.79   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2025-JDI                              | BX Commercial Mortgage Trust 2025-JDI 5.15                                                | CUSIP: 05594LAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4009622.40   | 0.38%             | 2042-11-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                               | Bank of America Corp 4.98 01/24/2029                                                      | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3565844.98   | 0.34%             | 2029-01-24      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                   | Bank of Montreal 7.70 05/26/2084                                                          | CUSIP: 06368LQ58<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1243000 | PA      | $1320630.07   | 0.13%             | 2084-05-26      | Variable      | 7.70%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                            | Bank of Nova Scotia/The 8.63 10/27/2082                                                   | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2374000 | PA      | $2522933.01   | 0.24%             | 2082-10-27      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                            | Bank of Nova Scotia/The 8.00 01/27/2084                                                   | CUSIP: 0641598V1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1385000 | PA      | $1488862.54   | 0.14%             | 2084-01-27      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel SA                              | Banque Federative du Credit Mutuel SA 4.59 10/16/2028                                     | CUSIP: 06675DCR1<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   1667000 | PA      | $1685348.37   | 0.16%             | 2028-10-16      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                       | Barclays PLC (pfd) 8.00% 12/15/2174 Perpetual                                             | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EP               | CORP              | GB        |   2073000 | NS      | $2220402.74   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Basepoint Mca Securitization II LLC                                | Basepoint Mca Securitization II LLC 5.93                                                  | CUSIP: 06983XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5500000 | PA      | $5535586.65   | 0.53%             | 2031-08-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Baxter International Inc                                           | Baxter International Inc 4.45 02/15/2029                                                  | CUSIP: 071813DC0<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   3110000 | PA      | $3121684.36   | 0.30%             | 2029-02-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                                        | Truist Bank 4.63 09/17/2029                                                               | CUSIP: 07330MAC1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   1520000 | PA      | $1525681.68   | 0.15%             | 2029-09-17      | Variable      | 4.63%                 | No            |                  2 | On Loan: No      |
| Black Hills Corp                                                   | Black Hills Corp 4.55 01/31/2031                                                          | CUSIP: 092113AY5<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2126406.13   | 0.20%             | 2031-01-31      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                 | Energy Transfer LP (pfd) 6.50% 11/15/2174 Perpetual                                       | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |   3990000 | NS      | $4024429.71   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinix Europe 2 Financing Corp LLC                                | Equinix Europe 2 Financing Corp LLC 4.60 11/15/2030                                       | CUSIP: 29390XAG9<br>LEI: 254900FSZR46BPMCKI50 | Long             | DBT              | CORP              | US        |   3585000 | PA      | $3596638.38   | 0.34%             | 2030-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Equinor ASA                                                        | Equinor ASA 4.50 09/03/2030                                                               | CUSIP: 29446MAM4<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |   1876000 | PA      | $1904064.40   | 0.18%             | 2030-09-03      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Essent Group Ltd                                                   | Essent Group Ltd 6.25 07/01/2029                                                          | CUSIP: 29669JAA7<br>LEI: 254900QUO860OUT6ZF83 | Long             | DBT              | CORP              | BM        |   2380000 | PA      | $2485807.07   | 0.24%             | 2029-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Westar Energy Inc                                                  | Evergy Kansas Central Inc 4.70 03/13/2028                                                 | CUSIP: 30036FAE1<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |   1154000 | PA      | $1172178.93   | 0.11%             | 2028-03-13      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| F&G Annuities & Life Inc                                           | F&G Annuities & Life Inc 6.50 06/04/2029                                                  | CUSIP: 30190AAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3535000 | PA      | $3687755.09   | 0.35%             | 2029-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FREMF 2016-K54 Mortgage Trust                                      | FREMF 2016-K54 Mortgage Trust 4.14                                                        | CUSIP: 30288RAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15773000 | PA      | $15722766.15  | 1.50%             | 2048-04-25      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| FREMF 2016-K55 Mortgage Trust                                      | FREMF 2016-K55 Mortgage Trust 4.18                                                        | CUSIP: 30289HAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11009000 | PA      | $10971164.27  | 1.05%             | 2049-04-25      | Variable      | 4.18%                 | No            |                  2 | On Loan: No      |
| FREMF 2017-K69 Mortgage Trust                                      | FREMF 2017-K69 Mortgage Trust 3.73                                                        | CUSIP: 30305KAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4920000 | PA      | $4856282.56   | 0.46%             | 2049-10-25      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                                  | Fannie Mae REMICS 4.29                                                                    | CUSIP: 31395NSC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    197233 | PA      | $195641.96    | 0.02%             | 2036-07-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest Strip                                          | Fannie Mae Interest Strip 4.00                                                            | CUSIP: 31395QSM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2352016 | PA      | $325118.20    | 0.03%             | 2042-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                                  | Fannie Mae REMICS 4.81                                                                    | CUSIP: 31397NXK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    202196 | PA      | $203551.21    | 0.02%             | 2037-03-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| FinBe USA Trust 2025-1                                             | FinBe USA Trust 2025-1 5.70                                                               | CUSIP: 317967AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2101011 | PA      | $2109329.74   | 0.20%             | 2028-12-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Flexential Issuer 2021-1                                           | Flexential Issuer 2021-1 3.25                                                             | CUSIP: 33938MAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1828571 | PA      | $1802653.26   | 0.17%             | 2051-11-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Flexential Issuer LLC                                              | Flexential Issuer LLC 6.03                                                                | CUSIP: 33938MAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2620000 | PA      | $2613042.59   | 0.25%             | 2060-10-25      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                                           | Ford Motor Credit Co LLC 5.80 03/05/2027                                                  | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | CA        |   2900000 | PA      | $2937329.79   | 0.28%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                                           | Ford Motor Credit Co LLC 5.13 11/05/2026                                                  | CUSIP: 345397F81<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | CA        |   2950000 | PA      | $2966885.48   | 0.28%             | 2026-11-05      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Fortitude Global Funding                                           | Fortitude Global Funding 4.63 10/06/2028                                                  | CUSIP: 34967GAA2<br>LEI: 635400TKBOGEHNO5RT68 | Long             | DBT              | CORP              | US        |   1842000 | PA      | $1844643.51   | 0.18%             | 2028-10-06      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                              | Foundry JV Holdco LLC 5.50 01/25/2031                                                     | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   3560000 | PA      | $3677000.90   | 0.35%             | 2031-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STACR REMIC Trust 2023-HQA2                            | Freddie Mac STACR REMIC Trust 2023-HQA2 5.87                                              | CUSIP: 35564K2F5<br>LEI: 5493000KIGZAWUOW4E32 | Long             | ABS-MBS          | CORP              | US        |    875086 | PA      | $876585.94    | 0.08%             | 2043-06-25      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| EPR Properties                                                     | EPR Properties 4.50 06/01/2027                                                            | CUSIP: 26884UAD1<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |   2685000 | PA      | $2690570.60   | 0.26%             | 2027-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Emera Inc                                                          | Emera Inc 6.75 06/15/2076                                                                 | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |   2305000 | PA      | $2325127.26   | 0.22%             | 2076-06-15      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                       | Enbridge Inc 6.00 01/15/2077                                                              | CUSIP: 29250NAN5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   3800000 | PA      | $3821660.00   | 0.36%             | 2077-01-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                       | Enbridge Inc 5.90 11/15/2026                                                              | CUSIP: 29250NBW4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2940000 | PA      | $2983636.13   | 0.28%             | 2026-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Mars Inc                                                           | Mars Inc 4.60 03/01/2028                                                                  | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2893000 | PA      | $2933288.29   | 0.28%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Marriott International Inc/MD                                      | Marriott International Inc/MD 5.45 09/15/2026                                             | CUSIP: 571903BM4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   3845000 | PA      | $3880611.74   | 0.37%             | 2026-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STACR REMIC Trust 2022-DNA6                            | Freddie Mac STACR REMIC Trust 2022-DNA6 6.02                                              | CUSIP: 35564KH36<br>LEI: 5493000IS30HKV5IAS29 | Long             | ABS-MBS          | CORP              | US        |    601861 | PA      | $605042.20    | 0.06%             | 2042-09-25      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STACR REMIC Trust 2021-DNA7                            | Freddie Mac STACR REMIC Trust 2021-DNA7 4.72                                              | CUSIP: 35564KMA4<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | CORP              | US        |    896276 | PA      | $895515.73    | 0.09%             | 2041-11-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP/Medline Co-Issuer Inc                          | Medline Borrower LP/Medline Co-Issuer Inc 6.25 04/01/2029                                 | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   2159000 | PA      | $2234589.38   | 0.21%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Merchants Fleet Funding LLC                                        | Merchants Fleet Funding LLC 5.21                                                          | CUSIP: 588926AN5<br>LEI: 254900Z2OOQUA5IN2X83 | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3009688.20   | 0.29%             | 2039-01-20      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Monongahela Power Co                                               | Monongahela Power Co 3.55 05/15/2027                                                      | CUSIP: 610202BR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5027000 | PA      | $4999599.73   | 0.48%             | 2027-05-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank NA                                             | Morgan Stanley Bank NA 5.02 01/12/2029                                                    | CUSIP: 61690DK72<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   2855000 | PA      | $2908083.07   | 0.28%             | 2029-01-12      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corp                                              | Freedom Mortgage Corp 6.63 01/15/2027                                                     | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |   1740000 | PA      | $1752712.75   | 0.17%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                      | Freedom Mortgage Holdings LLC 9.25 02/01/2029                                             | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1731473.68   | 0.17%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                     | Morgan Stanley 6.41 11/01/2029                                                            | CUSIP: 61747YFH3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2380000 | PA      | $2523065.73   | 0.24%             | 2029-11-01      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                     | Morgan Stanley 4.99 04/12/2029                                                            | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1487000 | PA      | $1516620.22   | 0.14%             | 2029-04-12      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                      | Freedom Mortgage Holdings LLC 6.88 05/01/2031                                             | CUSIP: 35641AAE8<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   2145000 | PA      | $2147447.49   | 0.20%             | 2031-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Frontier Communications Holdings LLC                               | Frontier Communications Holdings LLC 6.00 01/15/2030                                      | CUSIP: 35908MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2755000 | PA      | $2803992.17   | 0.27%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                     | Morgan Stanley 4.13 10/18/2029                                                            | CUSIP: 61748UAK8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3835000 | PA      | $3834266.33   | 0.37%             | 2029-10-18      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Private Bank NA                                     | Morgan Stanley Private Bank NA 4.73 07/18/2031                                            | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |    495000 | PA      | $501882.07    | 0.05%             | 2031-07-18      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                            | GA Global Funding Trust 2.25 01/06/2027                                                   | CUSIP: 36143L2G9<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3535696.12   | 0.34%             | 2027-01-06      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                            | GA Global Funding Trust 4.40 09/23/2027                                                   | CUSIP: 36143L2N4<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   2865000 | PA      | $2877520.65   | 0.27%             | 2027-09-23      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Private Bank NA                                     | Morgan Stanley Private Bank NA 4.47 11/19/2031                                            | CUSIP: 61776NZW6<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   2679000 | PA      | $2686597.22   | 0.26%             | 2031-11-19      | Variable      | 4.46%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                                        | Nationwide Building Society 4.13 10/18/2032                                               | CUSIP: 63859WAF6<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   3626000 | PA      | $3603617.72   | 0.34%             | 2032-10-18      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                                        | Nationwide Building Society 4.35 09/30/2030                                               | CUSIP: 63861VAP2<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   3315000 | PA      | $3318004.25   | 0.32%             | 2030-09-30      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                  | NatWest Group PLC 3.03 11/28/2035                                                         | CUSIP: 639057AB4<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   2213000 | PA      | $2036390.43   | 0.19%             | 2035-11-28      | Variable      | 3.03%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2025-PJ6                       | GS Mortgage-Backed Securities Trust 2025-PJ6 6.00                                         | CUSIP: 36272KAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2531236 | PA      | $2569677.95   | 0.25%             | 2055-11-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2025-PJ7                       | GS Mortgage-Backed Securities Trust 2025-PJ7 5.50                                         | CUSIP: 36272MAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3565442 | PA      | $3586331.02   | 0.34%             | 2055-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| New Economy Assets - Phase 1 Sponsor LLC                           | New Economy Assets - Phase 1 Sponsor LLC 2.41                                             | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $3142712.50   | 0.30%             | 2061-10-20      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| Nexstar Media Inc                                                  | Nexstar Media Inc 4.75 11/01/2028                                                         | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   2710000 | PA      | $2691774.71   | 0.26%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co In                                     | General Motors Financial Co Inc 5.40 04/06/2026                                           | CUSIP: 37045XEF9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | CA        |   2810000 | PA      | $2820019.17   | 0.27%             | 2026-04-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Fin Co                                             | Global Atlantic Fin Co 4.40 10/15/2029                                                    | CUSIP: 37959GAA5<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1354801.68   | 0.13%             | 2029-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                        | Goldman Sachs Group Inc/The 5.73 04/25/2030                                               | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1870000 | PA      | $1954035.67   | 0.19%             | 2030-04-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                        | Goldman Sachs Group Inc/The (pfd) 3.80% 11/10/2174 Perpetual                              | CUSIP: 38144GAE1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   3320000 | NS      | $3292033.85   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                                    | Nordea Bank Abp (pfd) 6.63% 09/26/2174 Perpetual                                          | CUSIP: 65559CAA9<br>LEI: 529900ODI3047E2LIV03 | Long             | EP               | CORP              | FI        |   3960000 | NS      | $4008553.56   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| North Haven Private Income Fund LLC                                | North Haven Private Income Fund LLC 5.13 09/25/2028                                       | CUSIP: 65960NAC4<br>LEI: 2549002BFPESF1EH2765 | Long             | DBT              | CORP              | US        |   2783000 | PA      | $2778746.46   | 0.27%             | 2028-09-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                        | Goldman Sachs Group Inc/The (pfd) 7.38% 02/10/2174 Perpetual                              | CUSIP: 38148BAE8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   3353000 | NS      | $3372460.81   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA/New York NY                                 | Goldman Sachs Bank USA/New York NY 5.41 05/21/2027                                        | CUSIP: 38151LAG5<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2965790.32   | 0.28%             | 2027-05-21      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| Northern Trust Corp                                                | Northern Trust Corp (pfd) 4.60% 04/01/2174 Perpetual                                      | CUSIP: 665859AQ7<br>LEI: 549300GLF98S992BC502 | Long             | EP               | CORP              | US        |   2760000 | NS      | $2755190.42   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Trust Corp                                                | Northern Trust Corp 3.38 05/08/2032                                                       | CUSIP: 665859AS3<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2910324.89   | 0.28%             | 2032-05-08      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| Golub Capital Private Credit Fund                                  | Golub Capital Private Credit Fund 5.45 08/15/2028                                         | CUSIP: 38179RAE5<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1299460.45   | 0.12%             | 2028-08-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Goodgreen 2018-1                                                   | Goodgreen 2018-1 3.93                                                                     | CUSIP: 38218GAA0<br>LEI: 549300X0P2BXCQULUH20 | Long             | ABS-MBS          | CORP              | US        |    250004 | PA      | $232638.23    | 0.02%             | 2053-10-15      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| NXPT Commercial Mortgage Trust 2024-STOR                           | NXPT Commercial Mortgage Trust 2024-STOR 5.65                                             | CUSIP: 67119YAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5027771.00   | 0.48%             | 2041-11-05      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| One Market Plaza Trust 2017-1MKT                                   | One Market Plaza Trust 2017-1MKT 3.85                                                     | CUSIP: 68245HAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3533000 | PA      | $3344644.11   | 0.32%             | 2032-02-10      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                            | HCA Inc 5.25 06/15/2026                                                                   | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5003992.30   | 0.48%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                  | HSBC Holdings PLC (pfd) 6.00% 11/22/2174 Perpetual                                        | CUSIP: 404280BL2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EP               | CORP              | GB        |   3922000 | NS      | $3967969.76   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| OneMain Finance Corp                                               | OneMain Finance Corp 6.13 05/15/2030                                                      | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    645000 | PA      | $659146.14    | 0.06%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                                        | Oracle Corp 4.45 09/26/2030                                                               | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   5444000 | PA      | $5327284.07   | 0.51%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Blue Owl Capital Corp                                              | Blue Owl Capital Corp 3.40 07/15/2026                                                     | CUSIP: 69121KAE4<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   2365000 | PA      | $2349180.49   | 0.22%             | 2026-07-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Blue Owl Capital Corp                                              | Blue Owl Capital Corp 5.95 03/15/2029                                                     | CUSIP: 69121KAH7<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    395000 | PA      | $398743.14    | 0.04%             | 2029-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                  | HSBC Holdings PLC 7.39 11/03/2028                                                         | CUSIP: 404280DR7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1850000 | PA      | $1956305.44   | 0.19%             | 2028-11-03      | Variable      | 7.39%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-9                                      | Sequoia Mortgage Trust 2024-9 5.50                                                        | CUSIP: 81749PAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1774098 | PA      | $1782353.77   | 0.17%             | 2054-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc/The                               | PNC Financial Services Group Inc/The 5.10 07/23/2027                                      | CUSIP: 693475BY0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2470000 | PA      | $2484116.47   | 0.24%             | 2027-07-23      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| PRKCM 2024-HOME1 Trust                                             | PRKCM 2024-HOME1 Trust 6.43                                                               | CUSIP: 69391XAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1762389 | PA      | $1785787.04   | 0.17%             | 2059-05-25      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust 2025-J5                                             | PMT Loan Trust 2025-J5 5.50                                                               | CUSIP: 69392KAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3975000 | PA      | $3989022.61   | 0.38%             | 2057-01-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust 2025-J2                                             | PMT Loan Trust 2025-J2 5.50                                                               | CUSIP: 69392TAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5674071 | PA      | $5716648.56   | 0.55%             | 2056-08-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-10                                     | Sequoia Mortgage Trust 2024-10 5.50                                                       | CUSIP: 81749QAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1316092 | PA      | $1322733.38   | 0.13%             | 2054-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-10                                     | Sequoia Mortgage Trust 2024-10 5.50                                                       | CUSIP: 81749QAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    797203 | PA      | $798413.59    | 0.08%             | 2054-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Piedmont Operating Partnership LP                                  | Piedmont Operating Partnership LP 6.88 07/15/2029                                         | CUSIP: 720198AJ9<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |    291000 | PA      | $309243.94    | 0.03%             | 2029-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp                                         | Pinnacle West Capital Corp 5.15 05/15/2030                                                | CUSIP: 723484AN1<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |   1877000 | PA      | $1934924.03   | 0.18%             | 2030-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2025-8                                      | Sequoia Mortgage Trust 2025-8 5.50                                                        | CUSIP: 81749WAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2907140 | PA      | $2925566.88   | 0.28%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer 2025-1 LLC                                  | Service Experts Issuer 2025-1 LLC 5.38                                                    | CUSIP: 81758JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4396054 | PA      | $4404759.02   | 0.42%             | 2037-01-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Shell Finance US Inc                                               | Shell Finance US Inc 4.13 11/06/2030                                                      | CUSIP: 822905AN5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1129000 | PA      | $1129275.04   | 0.11%             | 2030-11-06      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Sierra Timeshare 2021-1 Receivables Funding LLC                    | Sierra Timeshare 2021-1 Receivables Funding LLC 3.17                                      | CUSIP: 82652QAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    172971 | PA      | $172689.17    | 0.02%             | 2037-11-20      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Trust 2025-1                            | Provident Funding Mortgage Trust 2025-1 5.50                                              | CUSIP: 74388NAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4385638 | PA      | $4410268.11   | 0.42%             | 2055-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Trust 2025-3                            | Provident Funding Mortgage Trust 2025-3 5.50                                              | CUSIP: 74388PAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3797564 | PA      | $3819837.68   | 0.36%             | 2055-08-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Sirius XM Radio LLC                                                | Sirius XM Radio LLC 4.00 07/15/2028                                                       | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    960000 | PA      | $939673.06    | 0.09%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO VIII Ltd                                          | SIXST 2017-8A BR2 0.00                                                                    | CUSIP: 83012VAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5700000 | PA      | $5711400.00   | 0.55%             | 2034-10-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Trust 2025-2                            | Provident Funding Mortgage Trust 2025-2 5.50                                              | CUSIP: 74389DAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3038557 | PA      | $3058946.14   | 0.29%             | 2055-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES2                                      | RCKT Mortgage Trust 2024-CES2 6.14                                                        | CUSIP: 74938PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1125015 | PA      | $1137626.75   | 0.11%             | 2044-04-25      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | Societe Generale SA (pfd) 4.75% 11/26/2174 Perpetual                                      | CUSIP: 83370RAB4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EP               | CORP              | FR        |    815000 | NS      | $813011.81    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | Societe Generale SA (pfd) 9.38% 05/22/2174 Perpetual                                      | CUSIP: 83370RAC2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EP               | CORP              | FR        |   3920000 | NS      | $4190331.04   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES4                                      | RCKT Mortgage Trust 2024-CES4 6.15                                                        | CUSIP: 74939FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1751344 | PA      | $1773551.99   | 0.17%             | 2044-06-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES8                                      | RCKT Mortgage Trust 2024-CES8 5.49                                                        | CUSIP: 749421AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1909777 | PA      | $1925002.13   | 0.18%             | 2044-11-25      | Variable      | 5.49%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES1                                      | RCKT Mortgage Trust 2024-CES1 6.03                                                        | CUSIP: 749424AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2710181 | PA      | $2734472.63   | 0.26%             | 2044-02-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES3                                      | RCKT Mortgage Trust 2024-CES3 6.59                                                        | CUSIP: 74942AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1087691 | PA      | $1104794.25   | 0.11%             | 2044-05-25      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| Southern Co/The                                                    | Southern Co/The 4.00 01/15/2051                                                           | CUSIP: 842587DF1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   5235000 | PA      | $5251833.14   | 0.50%             | 2051-01-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp                                                 | Expand Energy Corp 5.38 03/15/2030                                                        | CUSIP: 845467AS8<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   2680000 | PA      | $2716923.91   | 0.26%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                      | United States Treasury Note/Bond 0.75 04/30/2026                                          | CUSIP: 91282CBW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2972737.83   | 0.28%             | 2026-04-30      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                     | United States Treasury Inflation Indexed Bonds 2.13 04/15/2029                            | CUSIP: 91282CKL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2631325 | PA      | $2687445.56   | 0.26%             | 2029-04-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corp                                                | Sprint Capital Corp 6.88 11/15/2028                                                       | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    811000 | PA      | $870589.25    | 0.08%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Standard Industries Inc/NY                                         | Standard Industries Inc/NY 4.75 01/15/2028                                                | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   2670000 | PA      | $2665984.85   | 0.25%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                      | United States Treasury Note/Bond 3.88 06/15/2028                                          | CUSIP: 91282CNH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  85000000 | PA      | $85742089.95  | 8.18%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                      | United States Treasury Note/Bond 3.50 09/15/2028                                          | CUSIP: 91282CNY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11952187.44  | 1.14%             | 2028-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                      | United States Treasury Note/Bond 3.50 10/31/2027                                          | CUSIP: 91282CPE5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17000000 | PA      | $17004980.49  | 1.62%             | 2027-10-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                      | United States Treasury Note/Bond 3.50 11/15/2028                                          | CUSIP: 91282CPK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  51000000 | PA      | $50950195.44  | 4.86%             | 2028-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Universal Health Services Inc                                      | Universal Health Services Inc 1.65 09/01/2026                                             | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |   3922000 | PA      | $3856699.09   | 0.37%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust 2025-5                      | Velocity Commercial Capital Loan Trust 2025-5 5.94                                        | CUSIP: 92262KAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2342864 | PA      | $2351967.17   | 0.22%             | 2055-12-25      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines LNG LLC                                 | Venture Global Plaquemines LNG LLC 6.13 12/15/2030                                        | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1630279.09   | 0.16%             | 2030-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc                                             | Venture Global LNG Inc 8.13 06/01/2028                                                    | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1485000 | PA      | $1504963.73   | 0.14%             | 2028-06-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                            | Volkswagen Group of America Finance LLC 6.00 11/16/2026                                   | CUSIP: 928668CA8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   2265000 | PA      | $2302470.78   | 0.22%             | 2026-11-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                            | Volkswagen Group of America Finance LLC 4.90 08/14/2026                                   | CUSIP: 928668CK6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   2110000 | PA      | $2119017.84   | 0.20%             | 2026-08-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Vornado Realty LP                                                  | Vornado Realty LP 2.15 06/01/2026                                                         | CUSIP: 929043AK3<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              | CORP              | US        |   4382000 | PA      | $4334565.68   | 0.41%             | 2026-06-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc                                               | WEC Energy Group Inc 4.75 01/09/2026                                                      | CUSIP: 92939UAK2<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   4935000 | PA      | $4935565.06   | 0.47%             | 2026-01-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| State Street Corp                                                  | State Street Corp 3.03 11/01/2034                                                         | CUSIP: 857477BF9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3542507.70   | 0.34%             | 2034-11-01      | Variable      | 3.03%                 | No            |                  2 | On Loan: No      |
| Synchrony Bank                                                     | Synchrony Bank 5.63 08/23/2027                                                            | CUSIP: 87166FAE3<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |    961000 | PA      | $980760.61    | 0.09%             | 2027-08-23      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc                                               | WEC Energy Group Inc 5.63 05/15/2056                                                      | CUSIP: 92939UAU0<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    782000 | PA      | $787507.66    | 0.08%             | 2056-05-15      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| WB Commercial Mortgage Trust 2024-HQ                               | WB Commercial Mortgage Trust 2024-HQ 5.94                                                 | CUSIP: 92943PAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3997667.60   | 0.38%             | 2040-03-15      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                   | Wells Fargo & Co 4.97 04/23/2029                                                          | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2260000 | PA      | $2302432.72   | 0.22%             | 2029-04-23      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                                     | Western Midstream Operating LP 4.80 03/01/2031                                            | CUSIP: 958667AH0<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1114810.45   | 0.11%             | 2031-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust 2024-1                       | Westlake Automobile Receivables Trust 2024-1 5.44                                         | CUSIP: 96043RAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    884620 | PA      | $885137.99    | 0.08%             | 2027-05-17      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                                               | Williams Cos Inc/The 5.40 03/02/2026                                                      | CUSIP: 969457CH1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1929308.54   | 0.18%             | 2026-03-02      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Zions Bancorp NA                                                   | Zions Bancorp NA 4.70 08/18/2028                                                          | CUSIP: 98971DAD2<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |   2874000 | PA      | $2876209.96   | 0.27%             | 2028-08-18      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                                           | Svenska Handelsbanken AB (pfd) 4.38% 03/01/2174 Perpetual                                 | CUSIP: W9T10ZZR9<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | EP               | CORP              | SE        |   2400000 | NS      | $2380173.19   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                                    | Danske Bank A/S (pfd) 4.38% 11/18/2174 Perpetual                                          | CUSIP: K2227DL59<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EP               | CORP              | DK        |   5223000 | NS      | $5220232.96   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                                       | ING Groep NV (pfd) 7.50% 05/16/2174 Perpetual                                             | CUSIP: N4578ELM8<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EP               | CORP              | NL        |   3312000 | NS      | $3453759.46   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedbank AB                                                        | Swedbank AB (pfd) 7.63% 09/17/2174 Perpetual                                              | CUSIP: W94240HF3<br>LEI: M312WZV08Y7LYUC71685 | Long             | EP               | CORP              | SE        |   2600000 | NS      | $2725788.99   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| CBOT 10 Year US Treasury Note                                      | US 10YR NOTE (CBT)Mar26                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |      -219 | NC      | $4304.88      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOT 5 Year US Treasury Note                                       | US 5YR NOTE (CBT) Mar26                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |      -118 | NC      | $-17905.10    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                                   | Skandinaviska Enskilda Banken AB (pfd) 6.88% 12/30/2174 Perpetual                         | CUSIP: W8T54FK56<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EP               | CORP              | SE        |   2200000 | NS      | $2258911.95   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Centene Corp                                                       | Centene Corp 4.25 12/15/2027                                                              | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   3245000 | PA      | $3227906.54   | 0.31%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp                                               | Targa Resources Corp 4.35 01/15/2029                                                      | CUSIP: 87612GAR2<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1725199.35   | 0.16%             | 2029-01-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Taylor Morrison Communities Inc                                    | Taylor Morrison Communities Inc 5.75 01/15/2028                                           | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   1980000 | PA      | $2016964.52   | 0.19%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2024-1                                   | Towd Point Mortgage Trust 2024-1 4.86                                                     | CUSIP: 89182NAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3381843 | PA      | $3440229.30   | 0.33%             | 2064-03-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2024-CES1                                | Towd Point Mortgage Trust 2024-CES1 5.85                                                  | CUSIP: 89183CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2256018 | PA      | $2269951.69   | 0.22%             | 2064-01-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Cenovus Energy Inc                                                 | Cenovus Energy Inc 4.65 03/20/2031                                                        | CUSIP: 15135UBA6<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |   2441000 | PA      | $2434202.25   | 0.23%             | 2031-03-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Centersquare Issuer LLC                                            | Centersquare Issuer LLC 5.00                                                              | CUSIP: 15201EAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5062733 | PA      | $4894168.29   | 0.47%             | 2055-08-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust Series 2024-3                    | Chase Home Lending Mortgage Trust Series 2024-3 6.00                                      | CUSIP: 16159HAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2869914 | PA      | $2902042.76   | 0.28%             | 2055-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                 | Energy Transfer LP 5.63 05/01/2027                                                        | CUSIP: 226373AQ1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3335000 | PA      | $3336818.08   | 0.32%             | 2027-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG/New York NY                                       | Deutsche Bank AG/New York NY 4.88 12/01/2032                                              | CUSIP: 251526BN8<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | US        |   1615000 | PA      | $1622407.78   | 0.15%             | 2032-12-01      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG/New York NY                                       | Deutsche Bank AG/New York NY 4.47 12/10/2031                                              | CUSIP: 251526DD8<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | US        |   1645000 | PA      | $1639758.29   | 0.16%             | 2031-12-10      | Variable      | 4.47%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG/New York NY                                       | Deutsche Bank AG/New York NY 3.74 01/07/2033                                              | CUSIP: 25160PAG2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2787651.18   | 0.27%             | 2033-01-07      | Variable      | 3.74%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2025-1              | Morgan Stanley Residential Mortgage Loan Trust 2025-1 6.00                                | CUSIP: 617944AE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1529010 | PA      | $1548253.13   | 0.15%             | 2055-03-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| NCMF Trust 2025-MFS                                                | NCMF Trust 2025-MFS 6.04                                                                  | CUSIP: 62887TAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4621000 | PA      | $4706397.93   | 0.45%             | 2033-06-10      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| NMEF Funding 2025-B LLC                                            | NMEF Funding 2025-B LLC 5.47                                                              | CUSIP: 62919WAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3023441.40   | 0.29%             | 2033-01-18      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| NMI Holdings Inc                                                   | NMI Holdings Inc 6.00 08/15/2029                                                          | CUSIP: 629209AC1<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | DBT              | CORP              | US        |   2270000 | PA      | $2353377.10   | 0.22%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust 2025-J3                                             | PMT Loan Trust 2025-J3 5.50                                                               | CUSIP: 69392XAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10454652 | PA      | $10521592.91  | 1.00%             | 2056-11-27      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                                      | TRANSDIGM INC 2025 TERM LOAN K                                                            | CUSIP: 89364MCF9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    989981 | PA      | $993961.03    | 0.09%             | 2030-03-22      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                                        | Truist Bank 4.67 05/20/2027                                                               | CUSIP: 89788JAE9<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   2030000 | PA      | $2033639.83   | 0.19%             | 2027-05-20      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                              | Palmer Square CLO 2024-4 Ltd 5.40                                                         | CUSIP: 69703WAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1825000 | PA      | $1830528.66   | 0.17%             | 2038-01-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Ovintiv Inc                                                        | Ovintiv Inc 7.20 11/01/2031                                                               | CUSIP: 698900AG2<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    812000 | PA      | $897114.35    | 0.09%             | 2031-11-01      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                | Petroleos Mexicanos 5.95 01/28/2031                                                       | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   6050000 | PA      | $5859227.47   | 0.56%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Veralto Corp                                                       | Veralto Corp 5.50 09/18/2026                                                              | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |   2260000 | PA      | $2279873.67   | 0.22%             | 2026-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Verdant Receivables 2024-1 LLC                                     | Verdant Receivables 2024-1 LLC 5.68                                                       | CUSIP: 92339MAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3347266 | PA      | $3416067.03   | 0.33%             | 2031-12-12      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| VERTICAL BRIDGE CC LLC                                             | VERTICAL BRIDGE CC LLC 7.45                                                               | CUSIP: 92535VAU6<br>LEI: 549300DKEDU9WZPGTC09 | Long             | ABS-MBS          | CORP              | US        |   3539352 | PA      | $3607582.92   | 0.34%             | 2055-08-16      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                       | UBS Group AG (pfd) 9.25% 05/13/2174 Perpetual                                             | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EP               | CORP              | CH        |   5035000 | NS      | $5539501.97   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| United Airlines Inc                                                | United Airlines Inc 4.63 04/15/2029                                                       | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   1615000 | PA      | $1609133.67   | 0.15%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp                                                 | Expand Energy Corp 6.75 04/15/2029                                                        | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    252000 | PA      | $253499.22    | 0.02%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CBOT 2 Year US Treasury Note                                       | US 2YR NOTE (CBT) Mar26                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |         3 | NC      | $650.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOT 10 Year Ultra US Treasury Note                                | US 10yr Ultra Fut Mar26                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |        -1 | NC      | $-64.15       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines Inc/AAdvantage Loyalty IP Ltd                    | American Airlines Inc/AAdvantage Loyalty IP Ltd 5.50 04/20/2026                           | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |        49 | PA      | $48.78        | 0.00%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                      | United States Treasury Note/Bond 0.88 09/30/2026                                          | CUSIP: 91282CCZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $980339.70    | 0.09%             | 2026-09-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                      | United States Treasury Note/Bond 4.00 06/30/2028                                          | CUSIP: 91282CHK0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1011855.47   | 0.10%             | 2028-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp                                                     | Air Lease Corp (pfd) 4.65% 06/15/2174 Perpetual                                           | CUSIP: 00912XBJ2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EP               | CORP              | US        |   2800000 | NS      | $2781619.68   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Aircastle Ltd                                                      | Aircastle Ltd (pfd) 5.25% 09/15/2174 Perpetual                                            | CUSIP: 00928QAW1<br>LEI: 549300PNK8AKY3OIKP58 | Long             | EP               | CORP              | US        |   5556000 | NS      | $5567301.46   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Ovintiv Inc                                                        | Ovintiv Inc 7.38 11/01/2031                                                               | CUSIP: 012873AK1<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    648000 | PA      | $723237.67    | 0.07%             | 2031-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                                                 | BX Trust 2019-OC11 3.86                                                                   | CUSIP: 05606FAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4793970.50   | 0.46%             | 2041-12-09      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                                 | Banco Bilbao Vizcaya Argentaria SA (pfd) 6.13% 02/16/2174 Perpetual                       | CUSIP: 05946KAF8<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EP               | CORP              | ES        |   2600000 | NS      | $2631233.80   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                 | Banco Santander SA (pfd) 4.75% 08/12/2174 Perpetual                                       | CUSIP: 05971KAH2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EP               | CORP              | ES        |   5000000 | NS      | $4997618.50   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp                                               | Bank of America Corp (pfd) 4.38% 04/27/2174 Perpetual                                     | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   2375000 | NS      | $2351119.61   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                                  | Fannie Mae REMICS 4.00                                                                    | CUSIP: 3136ATJJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   7250457 | PA      | $1249309.50   | 0.12%             | 2046-08-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                      | United States Treasury Note/Bond 3.75 12/31/2028                                          | CUSIP: 91282CJR3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21000000 | PA      | $21122636.64  | 2.02%             | 2028-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                      | United States Treasury Note/Bond 4.125 03/31/2029                                         | CUSIP: 91282CKG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $5083789.05   | 0.49%             | 2029-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                                  | Fannie Mae REMICS 6.00                                                                    | CUSIP: 3136AVGN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   4176426 | PA      | $627020.69    | 0.06%             | 2047-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass Through Certificates       | Freddie Mac Multifamily Structured Pass Through Certificates 3.21                         | CUSIP: 3137FLN34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1858979 | PA      | $1853745.19   | 0.18%             | 2026-02-25      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass Through Certificates       | Freddie Mac Multifamily Structured Pass Through Certificates 2.28                         | CUSIP: 3137FNWX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   8171538 | PA      | $8104234.18   | 0.77%             | 2026-07-25      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| GE HealthCare Technologies Inc                                     | GE HealthCare Technologies Inc 4.15 12/15/2028                                            | CUSIP: 36266GAD9<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1504335.45   | 0.14%             | 2028-12-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2023-PJ6                       | GS Mortgage-Backed Securities Trust 2023-PJ6 6.00                                         | CUSIP: 36268FAZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3716412 | PA      | $3750032.40   | 0.36%             | 2054-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2024-PJ1                       | GS Mortgage-Backed Securities Trust 2024-PJ1 6.00                                         | CUSIP: 36268VAZ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3999935 | PA      | $4023977.00   | 0.38%             | 2054-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2023-PJ4                       | GS Mortgage-Backed Securities Trust 2023-PJ4 6.00                                         | CUSIP: 36270XAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3800151 | PA      | $3849234.55   | 0.37%             | 2054-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                  | HSBC Holdings PLC (pfd) 6.88% 03/11/2174 Perpetual                                        | CUSIP: 404280EH8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EP               | CORP              | GB        |    688000 | NS      | $714158.45    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| HPS Corporate Lending Fund                                         | HPS Corporate Lending Fund 5.45 01/14/2028                                                | CUSIP: 40440VAH8<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2907705.05   | 0.28%             | 2028-01-14      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HOMES 2025-NQM3 Trust                                              | HOMES 2025-NQM3 Trust 5.63                                                                | CUSIP: 40446GAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6311124 | PA      | $6376480.32   | 0.61%             | 2070-02-25      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc/The                                                 | Home Depot Inc/The 5.15 06/25/2026                                                        | CUSIP: 437076CZ3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   6585000 | PA      | $6630875.46   | 0.63%             | 2026-06-25      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc                                        | Honeywell International Inc 4.65 07/30/2027                                               | CUSIP: 438516CX2<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |   2190000 | PA      | $2219423.35   | 0.21%             | 2027-07-30      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corp                                                  | Hyatt Hotels Corp 5.75 01/30/2027                                                         | CUSIP: 448579AQ5<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    687000 | PA      | $697888.60    | 0.07%             | 2027-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corp                                                  | Hyatt Hotels Corp 5.05 03/30/2028                                                         | CUSIP: 448579AU6<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   2695000 | PA      | $2745558.04   | 0.26%             | 2028-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                            | Hyundai Capital America 5.95 09/21/2026                                                   | CUSIP: 44891ACM7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2365000 | PA      | $2396163.53   | 0.23%             | 2026-09-21      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Intel Corp                                                         | Intel Corp 4.88 02/10/2026                                                                | CUSIP: 458140CD0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   3510000 | PA      | $3512347.31   | 0.34%             | 2026-02-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                | Intesa Sanpaolo SpA 4.20 06/01/2032                                                       | CUSIP: 46115HBQ9<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   4420000 | PA      | $4219409.31   | 0.40%             | 2032-06-01      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                            | Hyundai Capital America 4.88 11/01/2027                                                   | CUSIP: 44891ADK0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   3515000 | PA      | $3564018.82   | 0.34%             | 2027-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Illumina Inc                                                       | Illumina Inc 4.65 09/09/2026                                                              | CUSIP: 452327AQ2<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |   2661000 | PA      | $2670417.01   | 0.25%             | 2026-09-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2025-NQM2                          | JP Morgan Mortgage Trust Series 2025-NQM2 5.77                                            | CUSIP: 46590SAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3657569 | PA      | $3691365.51   | 0.35%             | 2065-09-25      | Variable      | 5.77%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                           | JP Morgan Mortgage Trust 2019-5 4.00                                                      | CUSIP: 46591FAR5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    218820 | PA      | $207071.55    | 0.02%             | 2049-11-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Kilroy Realty LP                                                   | Kilroy Realty LP 3.05 02/15/2030                                                          | CUSIP: 49427RAP7<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |    620000 | PA      | $577360.18    | 0.06%             | 2030-02-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Kyndryl Holdings Inc                                               | Kyndryl Holdings Inc 2.70 10/15/2028                                                      | CUSIP: 50155QAK6<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   1809000 | PA      | $1735977.62   | 0.17%             | 2028-10-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                                       | ING Groep NV (pfd) 5.75% 11/16/2174 Perpetual                                             | CUSIP: 456837AR4<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EP               | CORP              | NL        |   4555000 | NS      | $4580057.06   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2024-9                                    | JP Morgan Mortgage Trust 2024-9 5.50                                                      | CUSIP: 46593DAK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1037515 | PA      | $1037484.87   | 0.10%             | 2055-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Lmrk Issuer Co 2 LLC                                               | Lmrk Issuer Co 2 LLC 5.52                                                                 | CUSIP: 50209AAH4<br>LEI: 549300TATF7H68SRLE80 | Long             | ABS-MBS          | CORP              | US        |   4047000 | PA      | $4089416.61   | 0.39%             | 2055-09-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp 7.00 07/15/2031        | CUSIP: 505742AR7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2759000 | PA      | $2927224.51   | 0.28%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                           | JP Morgan Mortgage Trust 5.50                                                             | CUSIP: 46593VAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2219455 | PA      | $2229464.39   | 0.21%             | 2055-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                           | JP Morgan Mortgage Trust 6.16                                                             | CUSIP: 46593VAH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3281526 | PA      | $3317352.64   | 0.32%             | 2055-11-25      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2014-5                                    | JP Morgan Mortgage Trust 2014-5 2.57                                                      | CUSIP: 46643KAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     23561 | PA      | $23277.89     | 0.00%             | 2029-10-25      | Variable      | 2.57%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON    | J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON 4.13                      | CUSIP: 46649XAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3575000 | PA      | $3150434.79   | 0.30%             | 2031-07-05      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2020-5                                    | JP Morgan Mortgage Trust 2020-5 3.00                                                      | CUSIP: 46653JBM2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2511615 | PA      | $2196791.11   | 0.21%             | 2050-12-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2023-7                                    | JP Morgan Mortgage Trust 2023-7 5.50                                                      | CUSIP: 46657DAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3171985 | PA      | $3190606.92   | 0.30%             | 2054-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Blackrock CLO Ltd                                                  | Blackrock Rainier CLO VI Ltd 5.43                                                         | CUSIP: 09261MAQ9<br>LEI: 549300HF4E86WXQDUX86 | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $3004651.50   | 0.29%             | 2037-04-20      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Blue Owl Technology Finance Corp                                   | Blue Owl Technology Finance Corp 6.10 03/15/2028                                          | CUSIP: 095924AA4<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   2760000 | PA      | $2778786.96   | 0.27%             | 2028-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2024-10                                 | J.P. Morgan Mortgage Trust 2024-10 5.50                                                   | CUSIP: 46658LAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2219495 | PA      | $2230099.96   | 0.21%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2024-10                                 | J.P. Morgan Mortgage Trust 2024-10 5.50                                                   | CUSIP: 46658LAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1354102 | PA      | $1356659.94   | 0.13%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2024-INV1                                 | JP Morgan Mortgage Trust 2024-INV1 6.00                                                   | CUSIP: 46658PAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2254201 | PA      | $2289932.35   | 0.22%             | 2055-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2024-5                             | JP Morgan Mortgage Trust Series 2024-5 6.00                                               | CUSIP: 46658RAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1312566 | PA      | $1317650.41   | 0.13%             | 2054-11-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2024-11                                   | JP Morgan Mortgage Trust 2024-11 6.00                                                     | CUSIP: 46659AAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3418978 | PA      | $3449600.62   | 0.33%             | 2055-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2025-CCM2                          | JP Morgan Mortgage Trust Series 2025-CCM2 5.50                                            | CUSIP: 46659EAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4108409 | PA      | $4135398.26   | 0.39%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Boeing Co/The                                                      | Boeing Co/The 2.20 02/04/2026                                                             | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   3295000 | PA      | $3288861.68   | 0.31%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Boeing Co/The                                                      | Boeing Co/The 6.30 05/01/2029                                                             | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1582073.27   | 0.15%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Braskem Netherlands Finance BV                                     | Braskem Netherlands Finance BV 4.50 01/10/2028                                            | CUSIP: 10554TAB1<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |   1355000 | PA      | $558303.74    | 0.05%             | 2028-01-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2024-CES1                          | BRAVO Residential Funding Trust 2024-CES1 6.38                                            | CUSIP: 10570NAA6<br>LEI: 254900UJENIYH5UEYD42 | Long             | ABS-MBS          | CORP              | US        |     96409 | PA      | $97762.91     | 0.01%             | 2054-04-25      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Bravo Residential Funding Trust 2025-Nqm3                          | Bravo Residential Funding Trust 2025-Nqm3 5.57                                            | CUSIP: 105927AC1<br>LEI: 254900KREJHICFBDC014 | Long             | ABS-MBS          | CORP              | US        |   1519844 | PA      | $1533898.84   | 0.15%             | 2065-03-25      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Bunker Hill Loan Depositary Trust 2019-2                           | Bunker Hill Loan Depositary Trust 2019-2 3.08                                             | CUSIP: 12061RAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    215177 | PA      | $211780.77    | 0.02%             | 2049-07-25      | Floating      | 3.08%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                   | Paramount Global 2.90 01/15/2027                                                          | CUSIP: 124857AR4<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   2387000 | PA      | $2349324.14   | 0.22%             | 2027-01-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CSMC 2020-AFC1 Trust                                               | CSMC 2020-AFC1 Trust 3.51                                                                 | CUSIP: 12597MAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    352021 | PA      | $338385.62    | 0.03%             | 2050-02-25      | Variable      | 3.51%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                    | CVS Health Corp 5.00 02/20/2026                                                           | CUSIP: 126650DS6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   4965000 | PA      | $4966952.83   | 0.47%             | 2026-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHL Mortgage Pass-Through Trust 2005-17                            | CHL Mortgage Pass-Through Trust 2005-17 5.50                                              | CUSIP: 12669G5X5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       513 | PA      | $510.70       | 0.00%             | 2035-09-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2025-CES7                          | JP Morgan Mortgage Trust Series 2025-CES7 5.06                                            | CUSIP: 46660GAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1999962.80   | 0.19%             | 2056-04-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| Jersey Central Power & Light Co                                    | Jersey Central Power & Light Co 4.15 01/15/2029                                           | CUSIP: 476556DJ1<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |   1834000 | PA      | $1831456.11   | 0.17%             | 2029-01-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                | JPMorgan Chase & Co (pfd) 3.65% 09/01/2174 Perpetual                                      | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   2192000 | NS      | $2181006.90   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                                                       | KBC Group NV 4.45 09/23/2031                                                              | CUSIP: 48241FAE4<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |   3907000 | PA      | $3901272.77   | 0.37%             | 2031-09-23      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| KeyCorp                                                            | KeyCorp (pfd) 5.00% 12/15/2174 Perpetual                                                  | CUSIP: 493267AK4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |   2675000 | NS      | $2664385.71   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Kilroy Realty LP                                                   | Kilroy Realty LP 4.25 08/15/2029                                                          | CUSIP: 49427RAK8<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |   4570000 | PA      | $4483694.73   | 0.43%             | 2029-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Lamar Media Corp                                                   | Lamar Media Corp 3.75 02/15/2028                                                          | CUSIP: 513075BR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2885000 | PA      | $2842103.80   | 0.27%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                           | Lloyds Banking Group PLC (pfd) 6.75% 09/27/2174 Perpetual                                 | CUSIP: 53944YAJ2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EP               | CORP              | GB        |   1982000 | NS      | $2004331.19   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Lowe's Cos Inc                                                     | Lowe's Cos Inc 3.10 05/03/2027                                                            | CUSIP: 548661DP9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   2145000 | PA      | $2122281.10   | 0.20%             | 2027-05-03      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Luxury Lease Partners Auto Lease Trust 2025-A                      | Luxury Lease Partners Auto Lease Trust 2025-A 5.51                                        | CUSIP: 55069BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2354000 | PA      | $2353827.69   | 0.22%             | 2032-03-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| MFA 2024-NQM1 Trust                                                | MFA 2024-NQM1 Trust 6.58                                                                  | CUSIP: 55286VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1946551 | PA      | $1975186.79   | 0.19%             | 2069-03-25      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| MVW 2019-2 LLC                                                     | MVW 2019-2 LLC 2.44                                                                       | CUSIP: 55400DAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    282626 | PA      | $282239.86    | 0.03%             | 2038-10-20      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd/London                                          | Macquarie Bank Ltd/London (pfd) 6.13% 09/08/2174 Perpetual                                | CUSIP: 556079AB7<br>LEI: 549300MPRNPO6FWNKN78 | Long             | EP               | CORP              | GB        |   3037000 | NS      | $3090976.60   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                           | Madison Park Funding XXII Ltd 5.85                                                        | CUSIP: 55819XBN1<br>LEI: 254900YXXBTCF4NGD347 | Long             | ABS-CBDO         | CORP              | US        |   6250000 | PA      | $6279215.63   | 0.60%             | 2038-01-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Magallanes Inc                                                     | Warnermedia Holdings Inc 3.76 03/15/2027                                                  | CUSIP: 55903VBA0<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   2722000 | PA      | $2691377.50   | 0.26%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                                                  | Magnetite Xli Ltd 5.64                                                                    | CUSIP: 55956AAC9<br>LEI: 529900IDXPZZY6034K03 | Long             | ABS-CBDO         | CORP              | US        |   1400000 | PA      | $1404883.20   | 0.13%             | 2038-01-25      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Cardinal Health Inc                                                | Cardinal Health Inc 4.70 11/15/2026                                                       | CUSIP: 14149YBQ0<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |   4320000 | PA      | $4348845.55   | 0.42%             | 2026-11-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-8                           | Chase Home Lending Mortgage Trust 2024-8 5.50                                             | CUSIP: 16159XAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1110474 | PA      | $1110654.68   | 0.11%             | 2055-08-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-10                          | Chase Home Lending Mortgage Trust 2024-10 6.00                                            | CUSIP: 16159YAD2<br>LEI: 529900OE9S6KWRJHHJ57 | Long             | ABS-MBS          | CORP              | US        |   2212995 | PA      | $2240943.59   | 0.21%             | 2055-10-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2025-10                          | Chase Home Lending Mortgage Trust 2025-10 5.50                                            | CUSIP: 16160BAE7<br>LEI: 529900PXR6MEGSRAOO62 | Long             | ABS-MBS          | CORP              | US        |   3710016 | PA      | $3742789.48   | 0.36%             | 2056-07-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-9                           | Chase Home Lending Mortgage Trust 2024-9 5.50                                             | CUSIP: 16160QAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2165024 | PA      | $2168860.05   | 0.21%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-9                           | Chase Home Lending Mortgage Trust 2024-9 5.50                                             | CUSIP: 16160QAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    646011 | PA      | $645649.99    | 0.06%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust Series 2025-9                    | Chase Home Lending Mortgage Trust Series 2025-9 5.50                                      | CUSIP: 16160UAE5<br>LEI: 529900II236FJ8MBXS58 | Long             | ABS-MBS          | CORP              | US        |   4942769 | PA      | $4979441.97   | 0.48%             | 2056-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                          | Chesapeake Funding II LLC 5.52                                                            | CUSIP: 165183DE1<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-MBS          | CORP              | US        |   2569988 | PA      | $2601451.08   | 0.25%             | 2036-05-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Citadel Finance LLC                                                | Citadel Finance LLC 5.90 02/10/2030                                                       | CUSIP: 17287HAD2<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1021305.91   | 0.10%             | 2030-02-10      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Radian Mortgage Capital Trust 2025-J3                              | Radian Mortgage Capital Trust 2025-J3 5.50                                                | CUSIP: 75024RAX2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4245198 | PA      | $4270722.72   | 0.41%             | 2055-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| RATE Mortgage Trust 2024-J3                                        | RATE Mortgage Trust 2024-J3 5.50                                                          | CUSIP: 75409UAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    718514 | PA      | $720004.70    | 0.07%             | 2054-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| RATE Mortgage Trust 2025-J2                                        | RATE Mortgage Trust 2025-J2 5.50                                                          | CUSIP: 75409YAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000099 | PA      | $5020520.61   | 0.48%             | 2055-07-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Rate Mortgage Trust 205-J1                                         | Rate Mortgage Trust 205-J1 6.00                                                           | CUSIP: 75410CAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1842700 | PA      | $1870966.88   | 0.18%             | 2055-03-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Rate Mortgage Trust 205-J1                                         | Rate Mortgage Trust 205-J1 5.50                                                           | CUSIP: 75410CAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1013485 | PA      | $1024696.61   | 0.10%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corp                                                 | Regal Rexnord Corp 6.05 02/15/2026                                                        | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   4340000 | PA      | $4348589.29   | 0.42%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Repsol E&P Capital Markets US LLC                                  | Repsol E&P Capital Markets US LLC 5.20 09/16/2030                                         | CUSIP: 76026AAB3<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |   1592000 | PA      | $1615314.76   | 0.15%             | 2030-09-16      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                               | Royal Bank of Canada 4.50 08/06/2029                                                      | CUSIP: 78017DAK4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   3074000 | PA      | $3105236.88   | 0.30%             | 2029-08-06      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                               | Royal Bank of Canada 4.00 11/03/2028                                                      | CUSIP: 78017DAN8<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   5780000 | PA      | $5786337.02   | 0.55%             | 2028-11-03      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Leasing 2024-1 LLC                                   | SCF Equipment Leasing 2024-1 LLC 5.52                                                     | CUSIP: 783896AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2675000 | PA      | $2728465.49   | 0.26%             | 2032-01-20      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| SCMS 2025-BNC1 Mortgage Trust                                      | SCMS 2025-BNC1 Mortgage Trust 5.31                                                        | CUSIP: 78398LAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4044898.80   | 0.39%             | 2057-12-15      | Variable      | 5.31%                 | No            |                  2 | On Loan: No      |
| TEGNA Inc                                                          | TEGNA Inc 4.63 03/15/2028                                                                 | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |   2795000 | PA      | $2768210.76   | 0.26%             | 2028-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                                       | Thermo Fisher Scientific Inc 5.00 12/05/2026                                              | CUSIP: 883556CZ3<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   2290000 | PA      | $2312876.80   | 0.22%             | 2026-12-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank/The                                          | Toronto-Dominion Bank/The 4.11 10/13/2028                                                 | CUSIP: 89115KAE0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $3007898.88   | 0.29%             | 2028-10-13      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank/The                                          | Toronto-Dominion Bank/The 8.13 10/31/2082                                                 | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   3361000 | PA      | $3546960.16   | 0.34%             | 2082-10-31      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                      | Citigroup Inc (pfd) 3.88% 05/18/2174 Perpetual                                            | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   3024000 | NS      | $3024687.96   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | Citibank NA 4.88 11/19/2027                                                               | CUSIP: 17325FBL1<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   2295000 | PA      | $2311922.99   | 0.22%             | 2027-11-19      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust 2025-3 Trust                         | Citigroup Mortgage Loan Trust 2025-3 Trust 5.50                                           | CUSIP: 17332RAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2118720 | PA      | $2132794.70   | 0.20%             | 2055-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Coinbase Global Inc                                                | Coinbase Global Inc 3.38 10/01/2028                                                       | CUSIP: 19260QAC1<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   1445000 | PA      | $1377697.42   | 0.13%             | 2028-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Comerica Inc                                                       | Comerica Inc 5.98 01/30/2030                                                              | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |   2830000 | PA      | $2952806.29   | 0.28%             | 2030-01-30      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| Concentrix Corp                                                    | Concentrix Corp 6.60 08/02/2028                                                           | CUSIP: 20602DAB7<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2620838.32   | 0.25%             | 2028-08-02      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2022-R09                       | Connecticut Avenue Securities Trust 2022-R09 6.37                                         | CUSIP: 20753DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800888 | PA      | $811933.53    | 0.08%             | 2042-09-25      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2021-R03                       | Connecticut Avenue Securities Trust 2021-R03 5.52                                         | CUSIP: 20754AAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5029159.00   | 0.48%             | 2041-12-25      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2024-R02                       | Connecticut Avenue Securities Trust 2024-R02 4.97                                         | CUSIP: 20754GAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1189522 | PA      | $1189107.71   | 0.11%             | 2044-02-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2024-R03                       | Connecticut Avenue Securities Trust 2024-R03 5.02                                         | CUSIP: 207941AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1045727 | PA      | $1046646.84   | 0.10%             | 2044-03-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                             | Diamondback Energy Inc 5.20 04/18/2027                                                    | CUSIP: 25278XAX7<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   4430000 | PA      | $4496261.37   | 0.43%             | 2027-04-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Duke Energy Florida LLC                                            | Duke Energy Florida LLC 4.20 12/01/2030                                                   | CUSIP: 26444HAT8<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |   1067000 | PA      | $1069061.96   | 0.10%             | 2030-12-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| EMD Finance LLC                                                    | EMD Finance LLC 4.38 10/15/2030                                                           | CUSIP: 26867LAP5<br>LEI: 529900C8KS5G529A0B76 | Long             | DBT              | CORP              | US        |   1557000 | PA      | $1562447.27   | 0.15%             | 2030-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc                                                  | EOG Resources Inc 4.40 01/15/2031                                                         | CUSIP: 26875PBB6<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |   2708000 | PA      | $2719506.51   | 0.26%             | 2031-01-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc                                                     | S&P Global Inc 4.25 01/15/2031                                                            | CUSIP: 78409VBT0<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |   3507000 | PA      | $3507217.96   | 0.33%             | 2031-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SBA Communications Corp                                            | SBA Communications Corp 3.13 02/01/2029                                                   | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |   2619000 | PA      | $2507430.86   | 0.24%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust 2024-CES1                  | Saluda Grade Alternative Mortgage Trust 2024-CES1 6.31                                    | CUSIP: 79581VAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2396091 | PA      | $2426601.17   | 0.23%             | 2054-03-25      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp/The                                            | Charles Schwab Corp/The (pfd) 4.00% 06/01/2174 Perpetual                                  | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |   4315000 | NS      | $4291285.45   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2023-R04                       | Connecticut Avenue Securities Trust 2023-R04 6.17                                         | CUSIP: 20754QAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1736181 | PA      | $1769567.05   | 0.17%             | 2043-05-25      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-26

**Name of Applicant:** American Century Investment Trust

**Signature:** Amy R. Bitter

**Name of Signer:** Amy R. Bitter

**Title:** Assistant Treasurer