# EDGAR Filing Document

**Accession Number:** 0000932381
**File Stem:** 0000932381-25-000040
**Filing Date:** 2025-8
**Character Count:** 95407
**Document Hash:** bf128266eb9124fef06543302ba4225c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000932381-25-000040.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0000932381-25-000040

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250820

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tributary Funds, Inc.
- **CENTRAL INDEX KEY:** 0000932381

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08846
- **FILM NUMBER:** 251234807

**BUSINESS ADDRESS:**
- **STREET 1:** 1620 DODGE STREET
- **STREET 2:** STOP 1075
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68197
- **BUSINESS PHONE:** 1-800-662-4203

**MAIL ADDRESS:**
- **STREET 1:** 1620 DODGE STREET
- **STREET 2:** STOP 1075
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68197

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST FOCUS FUNDS INC
- **DATE OF NAME CHANGE:** 20010731

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST OMAHA FUNDS INC
- **DATE OF NAME CHANGE:** 19941103

## Series and Classes Contracts Data

### Short-Intermediate Bond Fund (Series ID: S000022134)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000063508 | Institutional      | FOSIX           |
| C000091254 | Institutional Plus | FOSPX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** TRIBUTARY CAPITAL MANAGEMENT, LLC

- **b. Investment Company Act file number:** 811-08846

- **c. CIK number of Registrant:** 0000932381

- **d. LEI of Registrant:** 2549000T9YMVQWFGOI81

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

  - **Street Address 1:** 1620 DODGE STREET

  - **City:** OMAHA

  - **State:** NE

  - **Foreign country:** US

  - **Zip / Postal Code:** 68197

  - **Telephone number:** 800-662-4203

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

- **a. Name of Series:** TRIBUTARY SHORT-INTERMEDIATE BOND FUND

- **b. EDGAR series identifier (if any):** S000022134

- **c. LEI of Series:** 254900MTH2CGXD4X4905

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

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

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $229571545.19

**Total Liabilities:** $1562361.91

**Net Assets:** $228009183.28

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 84.44660000 | **1-Year:** 1078.28180000 | **5-Year:** 27236.18050000 | **10-Year:** 4081.34600000 | **30-Year:** 556.25579999

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 1448.36210000 | **10-Year:** 545.29200000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063508 | 0.52%                | 0.09%                | 0.75%                |
| Class ID C000091254 | 0.65%                | 0.11%                | 0.76%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $21605.21                | $295433.63                                 |
| Month 2  | $15973.29                | $-361107.49                                |
| Month 3  | $20138.78                | $763947.84                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AFG ABS LLC                                    | AFG ABS I, LLC                                                             | CUSIP: 00111LAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    292645 | PA      | $293458.61    | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AFG ABS LLC                                    | AFG ABS I, LLC                                                             | CUSIP: 00111LAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1331987 | PA      | $1411592.72   | 0.62%             | 2030-09-16      | Fixed         | 9.40%                 | Yes           |                  2 | On Loan: No      |
| AMC NETWORKS INC                               | AMC Networks, Inc.                                                         | CUSIP: 00164VAF0<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    250000 | PA      | $200277.50    | 0.09%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                     | AMSR Trust                                                                 | CUSIP: 00178UAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    842306 | PA      | $840545.42    | 0.37%             | 2037-07-17      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T, Inc.                                                                 | CUSIP: 00206RHJ4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    950000 | PA      | $951992.95    | 0.42%             | 2029-03-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC                       | Agilent Technologies, Inc.                                                 | CUSIP: 00846UAL5<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |    350000 | PA      | $327592.86    | 0.14%             | 2029-09-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ALBEMARLE CORP                                 | Albemarle Corp.                                                            | CUSIP: 012653AD3<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | DBT              | CORP              | US        |   1990000 | PA      | $1983063.48   | 0.87%             | 2027-06-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| American Heritage Auto Receiva                 | American Heritage Auto Receivables Trust                                   | CUSIP: 026944AD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    670000 | PA      | $675996.17    | 0.30%             | 2030-06-17      | Fixed         | 5.07%                 | Yes           |                  2 | On Loan: No      |
| AXIS Equipment Finance Receiva                 | AXIS Equipment Finance Receivables XI, LLC                                 | CUSIP: 03236XAB3<br>LEI: 549300IFG1NMINYRYF89 | Long             | ABS-MBS          | CORP              | US        |    585426 | PA      | $586627.03    | 0.26%             | 2028-06-21      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                       | Angel Oak Mortgage Trust                                                   | CUSIP: 03464PAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    631583 | PA      | $594928.27    | 0.26%             | 2067-01-25      | Variable      | 3.35%                 | Yes           |                  2 | On Loan: No      |
| Auxilior Term Funding LLC                      | Auxilior Term Funding, LLC                                                 | CUSIP: 05335FAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    391325 | PA      | $393293.12    | 0.17%             | 2027-03-15      | Fixed         | 5.84%                 | Yes           |                  2 | On Loan: No      |
| Auxilior Term Funding LLC                      | Auxilior Term Funding, LLC                                                 | CUSIP: 05335JAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    754305 | PA      | $760382.95    | 0.33%             | 2028-12-15      | Fixed         | 6.18%                 | Yes           |                  2 | On Loan: No      |
| Avant Loans Funding Trust                      | Avant Loans Funding Trust                                                  | CUSIP: 05352BAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1203588.84   | 0.53%             | 2034-05-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S                 | Barclays Commercial Mortgage Trust                                         | CUSIP: 05492JAT9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    496023 | PA      | $483719.93    | 0.21%             | 2052-11-15      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Trust                                                                   | CUSIP: 05608VAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    194308 | PA      | $194247.61    | 0.09%             | 2034-01-15      | Floating      | 5.13%                 | Yes           |                  2 | On Loan: No      |
| BXHPP Trust                                    | BXHPP Trust                                                                | CUSIP: 05609JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1100000 | PA      | $1053250.00   | 0.46%             | 2036-08-15      | Floating      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                       | BX Trust                                                                   | CUSIP: 05609QAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    737277 | PA      | $737046.29    | 0.32%             | 2038-11-15      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                       | BX Trust                                                                   | CUSIP: 05609VAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    910698 | PA      | $906998.73    | 0.40%             | 2036-09-15      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| BXMT Ltd                                       | BXMT 2025-FL5, Ltd.                                                        | CUSIP: 05613YAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1492500.15   | 0.65%             | 2042-10-18      | Floating      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp.                                                      | CUSIP: 06051GGL7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2272690.35   | 1.00%             | 2028-04-24      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| Bank                                           | BANK 2019-BNK16                                                            | CUSIP: 065405AB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    655043 | PA      | $647557.18    | 0.28%             | 2052-02-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Secur                 | Bankers Healthcare Group Securitization Trust 2024-1CON                    | CUSIP: 08862HAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    379405 | PA      | $388594.50    | 0.17%             | 2035-04-17      | Fixed         | 5.81%                 | Yes           |                  2 | On Loan: No      |
| Bankers Healthcare Group Secur                 | Bankers Healthcare Group Securitization Trust 2024-1CON                    | CUSIP: 08862HAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $102375.71    | 0.04%             | 2035-04-17      | Fixed         | 6.49%                 | Yes           |                  2 | On Loan: No      |
| N/A                                            | BlackRock Liquidity Funds T-Fund Portfolio, Institutional Shares           | CUSIP: 09248U718<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1731897 | NS      | $1731896.76   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BLAIR NE WTR SYS REVENUE                       | City of Blair NE Water System Revenue                                      | CUSIP: 093030GM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $325128.15    | 0.14%             | 2027-05-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                  | The Boeing Co.                                                             | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    775000 | PA      | $819292.44    | 0.36%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| BofA Auto Trust                                | BofA Auto Trust                                                            | CUSIP: 09709AAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1585000 | PA      | $1615711.59   | 0.71%             | 2030-06-17      | Fixed         | 5.31%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                 | BRAVO Residential Funding Trust                                            | CUSIP: 10568YAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    166480 | PA      | $162746.14    | 0.07%             | 2059-05-26      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                 | BRAVO Residential Funding Trust                                            | CUSIP: 10569CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125442 | PA      | $125064.34    | 0.05%             | 2069-11-25      | Floating      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                 | BRAVO Residential Funding Trust                                            | CUSIP: 10569QAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    235731 | PA      | $235174.65    | 0.10%             | 2070-01-25      | Floating      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| Brean Asset Backed Securities                  | Brean Asset Backed Securities Trust                                        | CUSIP: 10638CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    349714 | PA      | $326476.50    | 0.14%             | 2063-10-25      | Variable      | 1.40%                 | Yes           |                  2 | On Loan: No      |
| Credit-Based Asset Servicing a                 | Credit-Based Asset Servicing & Securitization, LLC REMIC                   | CUSIP: 12489WFD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     89864 | PA      | $95487.98     | 0.04%             | 2033-02-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                              | CBRE Services, Inc.                                                        | CUSIP: 12505BAH3<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |   1345000 | PA      | $1389922.00   | 0.61%             | 2029-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                              | CBRE Services, Inc.                                                        | CUSIP: 12505BAJ9<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225706.61    | 0.10%             | 2030-06-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust                          | CCG Receivables Trust                                                      | CUSIP: 12511QAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1160112 | PA      | $1174221.65   | 0.51%             | 2032-04-14      | Fixed         | 6.28%                 | Yes           |                  2 | On Loan: No      |
| CCG Receivables Trust                          | CCG Receivables Trust                                                      | CUSIP: 12515PAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    595879 | PA      | $599184.15    | 0.26%             | 2032-03-15      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| Cantor Commercial Real Estate                  | Cantor Commercial Real Estate Lending                                      | CUSIP: 12529MAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    753614 | PA      | $720547.70    | 0.32%             | 2052-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                        | CF Hippolyta Issuer, LLC                                                   | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2064242 | PA      | $2042152.90   | 0.90%             | 2060-07-15      | Fixed         | 1.69%                 | Yes           |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trus                 | CFCRE Commercial Mortgage Trust                                            | CUSIP: 12532CAY1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    360514 | PA      | $357036.15    | 0.16%             | 2050-06-15      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| COOPR Residential Mortgage Tru                 | COOPR Residential Mortgage Trust                                           | CUSIP: 12596SAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1279185 | PA      | $1291173.20   | 0.57%             | 2060-05-25      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                   | Credit Suisse Mortgage Trust                                               | CUSIP: 12647MAM7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    104367 | PA      | $100533.36    | 0.04%             | 2028-07-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| CSMLT TRUST                                    | CSMLT Trust                                                                | CUSIP: 12650UAU5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     95209 | PA      | $91473.22     | 0.04%             | 2030-10-25      | Variable      | 2.96%                 | Yes           |                  2 | On Loan: No      |
| THE CAMPBELLS COMPANY                          | The Campbell's Co.                                                         | CUSIP: 134429BM0<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   1433000 | PA      | $1453080.39   | 0.64%             | 2027-03-19      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receiva                 | Capital One Prime Auto Receivables Trust                                   | CUSIP: 14043NAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $252619.65    | 0.11%             | 2030-01-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Capteris Equipment Finance                     | Capteris Equipment Finance, LLC                                            | CUSIP: 14077AAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1351579 | PA      | $1369457.88   | 0.60%             | 2032-07-20      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                        | CarMax Auto Owner Trust                                                    | CUSIP: 14319EAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1295000 | PA      | $1313394.05   | 0.58%             | 2029-01-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                  | Carnival Corp.                                                             | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    500000 | PA      | $489375.00    | 0.21%             | 2028-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Chase Auto Owner Trust                         | Chase Auto Owner Trust                                                     | CUSIP: 16144KAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2040000 | PA      | $2100720.19   | 0.92%             | 2029-06-25      | Fixed         | 5.59%                 | Yes           |                  2 | On Loan: No      |
| Cherry Securitization Trust                    | Cherry Securitization Trust                                                | CUSIP: 164737AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $301896.12    | 0.13%             | 2032-04-15      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                                  | Citigroup, Inc.                                                            | CUSIP: 172967PF2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2245000 | PA      | $2290424.34   | 1.00%             | 2030-02-13      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                  | Citigroup Mortgage Loan Trust REMIC                                        | CUSIP: 17322GAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     29742 | PA      | $28980.24     | 0.01%             | 2035-01-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                  | Citigroup Mortgage Loan Trust                                              | CUSIP: 17323TAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    287432 | PA      | $278726.59    | 0.12%             | 2053-01-25      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                  | Citigroup Mortgage Loan Trust                                              | CUSIP: 17327RAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    309564 | PA      | $302039.87    | 0.13%             | 2066-01-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| CLEAN HARBORS INC                              | Clean Harbors, Inc.                                                        | CUSIP: 184496AN7<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1119480.98   | 0.49%             | 2027-07-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST                  | Commonbond Student Loan Trust                                              | CUSIP: 20267VAA5<br>LEI: 549300LRCNJYVPZRKK63 | Long             | ABS-CBDO         | CORP              | US        |    245742 | PA      | $234279.43    | 0.10%             | 2041-05-25      | Fixed         | 2.55%                 | Yes           |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST                  | Commonbond Student Loan Trust                                              | CUSIP: 20267XAA1<br>LEI: 549300O1CSZVJJTIR319 | Long             | ABS-CBDO         | CORP              | US        |    218444 | PA      | $211689.40    | 0.09%             | 2046-02-25      | Fixed         | 3.87%                 | Yes           |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                         | ConocoPhillips Co.                                                         | CUSIP: 20826FBJ4<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    450000 | PA      | $456288.96    | 0.20%             | 2030-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                  | CoreVest American Finance, Ltd.                                            | CUSIP: 21873AAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    223603 | PA      | $221093.76    | 0.10%             | 2052-12-15      | Fixed         | 1.17%                 | Yes           |                  2 | On Loan: No      |
| CPF IV, LLC, CP EF ASSET SECUR                 | CP EF Asset Securitization II, LLC                                         | CUSIP: 224092AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100716 | PA      | $101765.75    | 0.04%             | 2032-03-15      | Fixed         | 7.48%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse First Boston Mor                 | Credit Suisse First Boston Mortgage Securities Corp. REMIC                 | CUSIP: 225458G28<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      1145 | PA      | $1079.70      | 0.00%             | 2026-01-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                         | CUSIP: 226373AQ1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    950000 | PA      | $951878.67    | 0.42%             | 2027-05-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Crossroads Asset Trust                         | Crossroads Asset Trust                                                     | CUSIP: 22767VAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1002382.60   | 0.44%             | 2032-02-20      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| DLLAD LLC                                      | DLLAD, LLC                                                                 | CUSIP: 233258AC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2099355 | PA      | $2104639.77   | 0.92%             | 2028-01-20      | Fixed         | 4.79%                 | Yes           |                  2 | On Loan: No      |
| DLLAD LLC                                      | DLLAD, LLC                                                                 | CUSIP: 23346MAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1335000 | PA      | $1361394.42   | 0.60%             | 2029-07-20      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                        | Dell International, LLC/EMC Corp.                                          | CUSIP: 24703TAL0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1365799.83   | 0.60%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Dext ABS                                       | Dext ABS, LLC                                                              | CUSIP: 252154AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1290000 | PA      | $1299727.50   | 0.57%             | 2035-08-15      | Fixed         | 4.77%                 | Yes           |                  2 | On Loan: No      |
| DOLLAR GENERAL CORP                            | Dollar General Corp.                                                       | CUSIP: 256677AE5<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2080917.15   | 0.91%             | 2027-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                               | Duke Energy Corp.                                                          | CUSIP: 26441CAX3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1298149.23   | 0.57%             | 2027-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                               | Duke Energy Corp.                                                          | CUSIP: 26441CCB9<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    861000 | PA      | $869491.18    | 0.38%             | 2027-01-05      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                 | Ellington Financial Mortgage Trust                                         | CUSIP: 26846VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    846743 | PA      | $854025.53    | 0.37%             | 2060-01-25      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| ELFI Graduate Loan Program LLC                 | ELFI Graduate Loan Program, LLC                                            | CUSIP: 26857LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    501157 | PA      | $451106.12    | 0.20%             | 2045-08-25      | Fixed         | 1.73%                 | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                         | CUSIP: 292480AL4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2155000 | PA      | $2185461.64   | 0.96%             | 2028-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ENACT HOLDINGS INC                             | Enact Holdings, Inc.                                                       | CUSIP: 29249EAA7<br>LEI: 9845003CA5664B741N19 | Long             | DBT              | CORP              | US        |    550000 | PA      | $570698.26    | 0.25%             | 2029-05-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                    | Exelon Corp.                                                               | CUSIP: 30161NBR1<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2284202.05   | 1.00%             | 2031-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC                       | First Help Financial LLC                                                   | CUSIP: 30339EAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    583693 | PA      | $585337.66    | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fanniemae-Aces                                 | Federal National Mortgage Association Interest Only                        | CUSIP: 3136ARP44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    139725 | PA      | $5209.92      | 0.00%             | 2039-01-25      | Variable      | 2.72%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp. REMIC                                     | CUSIP: 3137BDX76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     36321 | PA      | $36192.95     | 0.02%             | 2050-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp. Interest Only REMIC                       | CUSIP: 3137BQLW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    246574 | PA      | $40506.19     | 0.02%             | 2045-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                           | CUSIP: 3137BWNS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    163253 | PA      | $161129.31    | 0.07%             | 2054-12-15      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp. Interest Only REMIC                       | CUSIP: 3137BXNL2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |     39008 | PA      | $1645.21      | 0.00%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp. Interest Only REMIC                       | CUSIP: 3137BXNM0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |     61555 | PA      | $6349.69      | 0.00%             | 2045-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Whole Loan Securit                 | Freddie Mac Whole Loan Securities                                          | CUSIP: 3137G1AR8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     32954 | PA      | $32729.85     | 0.01%             | 2045-09-25      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Whole Loan Securit                 | Federal Home Loan Mortgage Corp.                                           | CUSIP: 3137G1BD8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    207960 | PA      | $182758.70    | 0.08%             | 2046-10-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                      | CUSIP: 3138AVRH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21017 | PA      | $20782.53     | 0.01%             | 2026-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC                       | First Help Financial, LLC                                                  | CUSIP: 31568AAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    859220 | PA      | $867941.20    | 0.38%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust | Finance of America Structured Securities Trust                             | CUSIP: 31739MAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    472746 | PA      | $469330.55    | 0.21%             | 2051-04-25      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| FirstKey Homes 2020-SFR1 Trust                 | FirstKey Homes Trust                                                       | CUSIP: 33767MAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1686964 | PA      | $1674862.01   | 0.73%             | 2037-08-17      | Fixed         | 1.34%                 | Yes           |                  2 | On Loan: No      |
| Firstkey Homes Trust                           | FirstKey Homes Trust                                                       | CUSIP: 33768EAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1967919 | PA      | $1955009.63   | 0.86%             | 2038-07-17      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Firstkey Homes Trust                           | FirstKey Homes Trust                                                       | CUSIP: 33768EAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $993583.00    | 0.44%             | 2038-07-17      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| FIRSTENERGY CORP                               | FirstEnergy Corp.                                                          | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    650000 | PA      | $642712.25    | 0.28%             | 2027-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                       | Florida Power & Light Co.                                                  | CUSIP: 341081GN1<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1561576.95   | 0.68%             | 2028-05-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                       | Ford Motor Credit Co., LLC                                                 | CUSIP: 345397E58<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    900000 | PA      | $901879.90    | 0.40%             | 2029-03-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                       | Ford Motor Credit Co., LLC                                                 | CUSIP: 345397ZW6<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $993135.80    | 0.44%             | 2026-08-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                       | Foundation Finance Trust                                                   | CUSIP: 35040VAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    923724 | PA      | $919263.80    | 0.40%             | 2050-03-15      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - SCRT                             | Federal Home Loan Mortgage Corp.                                           | CUSIP: 35563PFB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    567400 | PA      | $534769.46    | 0.23%             | 2057-11-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                   | Goldman Sachs Mortgage Securities Trust Interest Only REMIC                | CUSIP: 36191YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    389652 | PA      | $249.26       | 0.00%             | 2044-08-10      | Variable      | 0.09%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage A                 | Government National Mortgage Association                                   | CUSIP: 36202UVP5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |     85862 | PA      | $85660.87     | 0.04%             | 2034-08-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                 | Government National Mortgage Association                                   | CUSIP: 36211EV88<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |   1161259 | PA      | $1159202.85   | 0.51%             | 2040-12-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                 | Government National Mortgage Association                                   | CUSIP: 36213NG59<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |    120637 | PA      | $120519.84    | 0.05%             | 2033-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                   | Goldman Sachs Mortgage Securities Corp. Trust                              | CUSIP: 36262MAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1800000 | PA      | $1793290.86   | 0.79%             | 2036-10-15      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                        | Goldman Sachs Group, Inc.                                                  | CUSIP: 38141GZR8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2297466.63   | 1.01%             | 2028-03-15      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                 | Government National Mortgage Association REMIC                             | CUSIP: 38377V3U8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-CBDO         | USGSE             | US        |    281868 | PA      | $284818.00    | 0.12%             | 2034-07-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                       | Graphic Packaging International, LLC                                       | CUSIP: 38869AAB3<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    300000 | PA      | $287504.28    | 0.13%             | 2028-03-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVAB                 | GreatAmerica Leasing Receivables Funding, LLC                              | CUSIP: 39154TCJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1420000 | PA      | $1430880.04   | 0.63%             | 2028-01-18      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |
| Greensky Home Improvement Issu                 | GreenSky Home Improvement Trust                                            | CUSIP: 39571MAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    435000 | PA      | $445198.92    | 0.20%             | 2059-06-25      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Greensky Home Improvement Issu                 | GreenSky Home Improvement Trust                                            | CUSIP: 39571MAD0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    590214 | PA      | $601831.84    | 0.26%             | 2059-06-25      | Fixed         | 5.67%                 | Yes           |                  2 | On Loan: No      |
| GreenState Auto Receivables Tr                 | GreenState Auto Receivables Trust                                          | CUSIP: 39573AAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1240000 | PA      | $1247161.99   | 0.55%             | 2029-01-16      | Fixed         | 5.19%                 | Yes           |                  2 | On Loan: No      |
| HPEFS Equipment Trust                          | HPEFS Equipment Trust                                                      | CUSIP: 40444MAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1010796.70   | 0.44%             | 2031-10-20      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| HARLEY-DAVIDSON FINL SER                       | Harley-Davidson Financial Services, Inc.                                   | CUSIP: 41283LBB0<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |    575000 | PA      | $584907.43    | 0.26%             | 2029-06-11      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| HP ENTERPRISE CO                               | Hewlett Packard Enterprise Co.                                             | CUSIP: 42824CBS7<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1740000 | PA      | $1741521.73   | 0.76%             | 2027-09-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Huntington Auto Trust                          | Huntington Auto Trust                                                      | CUSIP: 446144AE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1008821.50   | 0.44%             | 2029-01-16      | Fixed         | 5.23%                 | Yes           |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                       | Huntington Ingalls Industries, Inc.                                        | CUSIP: 446413BA3<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    725000 | PA      | $745172.15    | 0.33%             | 2030-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                   | Huntington Bank Auto Credit-Linked Notes                                   | CUSIP: 446438SX2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1067121 | PA      | $1071342.93   | 0.47%             | 2033-03-21      | Fixed         | 4.96%                 | Yes           |                  2 | On Loan: No      |
| The Huntington National Bank                   | Huntington Bank Auto Credit-Linked Notes                                   | CUSIP: 44644NAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    790391 | PA      | $797814.89    | 0.35%             | 2032-10-20      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| IP 2025-IP Mortgage Trust                      | IP 2025-IP Mortgage Trust                                                  | CUSIP: 449843AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1120000 | PA      | $1136211.78   | 0.50%             | 2042-06-10      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Residential Asset Securitizati                 | Residential Asset Securitization Trust REMIC                               | CUSIP: 45660NRL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      5085 | PA      | $5313.60      | 0.00%             | 2026-01-07      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| IOWA Student Loan Liquidity Co                 | Iowa Student Loan Liquidity Corp.                                          | CUSIP: 462590MV9<br>LEI: 549300FO1LWVSZKGJK70 | Long             | ABS-MBS          | CORP              | US        |    925867 | PA      | $911531.28    | 0.40%             | 2070-08-25      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                       | JPMorgan Mortgage Trust                                                    | CUSIP: 46641YAA1<br>LEI: 549300BV8AJIRLDGMR51 | Long             | ABS-CBDO         | CORP              | US        |    411272 | PA      | $403292.60    | 0.18%             | 2029-06-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                 | JPMBB Commercial Mortgage Securities Trust                                 | CUSIP: 46645LAZ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     51925 | PA      | $51708.94     | 0.02%             | 2049-03-17      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co.                                                       | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2225000 | PA      | $2281690.71   | 1.00%             | 2031-01-24      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| KNDR 2021-KIND A                               | KNDR 2021-KIND A                                                           | CUSIP: 482606AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1770220 | PA      | $1750305.04   | 0.77%             | 2038-08-15      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| KEYCORP                                        | KeyCorp                                                                    | CUSIP: 49326EEK5<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1697121.03   | 0.74%             | 2027-04-06      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                     | LAD Auto Receivables Trust                                                 | CUSIP: 50168BAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    480324 | PA      | $481627.49    | 0.21%             | 2027-09-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| LAND O LAKES CAP TRST I                        | Land O'Lakes Capital Trust I                                               | CUSIP: 514665AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    440000 | PA      | $439342.57    | 0.19%             | 2028-03-15      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| LEVI STRAUSS & CO                              | Levi Strauss & Co.                                                         | CUSIP: 52736RBJ0<br>LEI: MB0UERO0RDFKU8258G77 | Long             | DBT              | CORP              | US        |   1211000 | PA      | $1108034.24   | 0.49%             | 2031-03-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| MFRA Trust                                     | MFRA Trust                                                                 | CUSIP: 552747AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    137407 | PA      | $132326.13    | 0.06%             | 2056-01-25      | Variable      | 0.85%                 | Yes           |                  2 | On Loan: No      |
| MFRA Trust                                     | MFRA Trust                                                                 | CUSIP: 552754AB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    166109 | PA      | $159536.34    | 0.07%             | 2049-08-25      | Variable      | 2.79%                 | Yes           |                  2 | On Loan: No      |
| MFRA Trust                                     | MFRA Trust                                                                 | CUSIP: 55284TAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    386035 | PA      | $383037.72    | 0.17%             | 2066-04-25      | Variable      | 3.91%                 | Yes           |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust                  | MHC Commercial Mortgage Trust                                              | CUSIP: 55316VAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    123393 | PA      | $123393.03    | 0.05%             | 2038-04-15      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                     | MMAF Equipment Finance, LLC                                                | CUSIP: 55318CAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    670000 | PA      | $679962.57    | 0.30%             | 2031-07-14      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| M&T Equipment Notes                            | M&T Equipment Notes                                                        | CUSIP: 55340QAD7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1250000 | PA      | $1267965.63   | 0.56%             | 2032-03-16      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| M&T Equipment Notes                            | M&T Equipment Notes                                                        | CUSIP: 55376YAD7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    950000 | PA      | $965452.32    | 0.42%             | 2031-08-18      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                       | Warnermedia Holdings, Inc.                                                 | CUSIP: 55903VBB8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    435000 | PA      | $348000.00    | 0.15%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| MARS INC                                       | Mars, Inc.                                                                 | CUSIP: 571676AJ4<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9654.71      | 0.00%             | 2026-07-16      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                       | Mars, Inc.                                                                 | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2270000 | PA      | $2299963.84   | 1.01%             | 2030-03-01      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| MILEAGE PLUS HLDINGS LLC                       | Mileage Plus Holdings, LLC/Mileage Plus Intellectual Property Assets, Ltd. | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    144000 | PA      | $144188.93    | 0.06%             | 2027-06-20      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MOLEX ELECTRONICS TECH                         | Molex Electronic Technologies, LLC                                         | CUSIP: 60856BAE4<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1056602.85   | 0.46%             | 2028-04-30      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                             | CUSIP: 61747YFF7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2205000 | PA      | $2267734.12   | 0.99%             | 2029-07-20      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| MOSAIC CO                                      | The Mosaic Co.                                                             | CUSIP: 61945CAH6<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |   1885000 | PA      | $1935030.95   | 0.85%             | 2028-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                               | NMEF Funding, LLC                                                          | CUSIP: 62890MAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    213692 | PA      | $214083.60    | 0.09%             | 2029-06-15      | Fixed         | 6.07%                 | Yes           |                  2 | On Loan: No      |
| NMEF Funding LLC                               | NMEF Funding, LLC                                                          | CUSIP: 62890QAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    445213 | PA      | $448104.22    | 0.20%             | 2030-06-17      | Fixed         | 6.57%                 | Yes           |                  2 | On Loan: No      |
| NMEF Funding LLC                               | NMEF Funding, LLC                                                          | CUSIP: 62919UAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    666187 | PA      | $669102.80    | 0.29%             | 2031-12-15      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| NNN REIT INC                                   | NNN REIT, Inc.                                                             | CUSIP: 637417AJ5<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |   1047000 | PA      | $1034322.63   | 0.45%             | 2026-12-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                   | NNN REIT, Inc.                                                             | CUSIP: 637417AU0<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |    690000 | PA      | $686320.79    | 0.30%             | 2031-02-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS LLC                                 | NCR Atleos Corp.                                                           | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |    200000 | PA      | $219072.60    | 0.10%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Navient Student Loan Trust                     | Navient Student Loan Trust                                                 | CUSIP: 63939CAD9<br>LEI: 54930094LU45XF2CP718 | Long             | ABS-MBS          | CORP              | US        |     21275 | PA      | $21280.06     | 0.01%             | 2031-10-15      | Floating      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| Navient Student Loan Trust                     | Navient Student Loan Trust                                                 | CUSIP: 63942EAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    796824 | PA      | $712927.05    | 0.31%             | 2069-12-16      | Fixed         | 0.97%                 | Yes           |                  2 | On Loan: No      |
| NE COOPERATIVE REPUBLICAN PLAT                 | Nebraska Cooperative Republican Platte Enhancement Project                 | CUSIP: 639662DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1374088.17   | 0.60%             | 2026-12-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| NE COOPERATIVE REPUBLICAN PLAT                 | Nebraska Cooperative Republican Platte Enhancement Project                 | CUSIP: 639662DE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $222314.02    | 0.10%             | 2027-12-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                  | New Residential Mortgage Loan Trust REMIC                                  | CUSIP: 64829CAA6<br>LEI: 549300RCJSGOC0A85G53 | Long             | ABS-CBDO         | CORP              | US        |     31624 | PA      | $30368.12     | 0.01%             | 2052-05-28      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan                  | New Residential Mortgage Loan Trust REMIC                                  | CUSIP: 64829DAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     19142 | PA      | $18426.68     | 0.01%             | 2054-11-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan                  | New Residential Mortgage Loan Trust REMIC                                  | CUSIP: 64829EAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     51514 | PA      | $49979.53     | 0.02%             | 2055-08-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan                  | New Residential Mortgage Loan Trust                                        | CUSIP: 64830KAA5<br>LEI: 549300U48YU2VDL8N523 | Long             | ABS-CBDO         | CORP              | US        |    209817 | PA      | $205409.28    | 0.09%             | 2058-05-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC                              | Newell Brands, Inc.                                                        | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    300000 | PA      | $291847.23    | 0.13%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NORTH TEXAS HIGHER EDUCATION A                 | North Texas Higher Education Authority, Inc.                               | CUSIP: 66286VAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    713953 | PA      | $710227.06    | 0.31%             | 2061-09-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Oak Street Investment Grade Ne                 | Oak Street Investment Grade Net Lease Fund                                 | CUSIP: 67190AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1090961 | PA      | $1063683.51   | 0.47%             | 2051-01-20      | Fixed         | 1.48%                 | Yes           |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                       | Occidental Petroleum Corp.                                                 | CUSIP: 674599EH4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   2145000 | PA      | $2163459.66   | 0.95%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OCCU Auto Receivables Trust                    | OCCU Auto Receivables Trust                                                | CUSIP: 674921AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1950000 | PA      | $1966425.24   | 0.86%             | 2028-06-15      | Fixed         | 6.23%                 | Yes           |                  2 | On Loan: No      |
| Octane Receivables Trust                       | Octane Receivables Trust                                                   | CUSIP: 67578YAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    593530 | PA      | $598810.46    | 0.26%             | 2032-07-20      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Bayview Opportunity Master Fun                 | Oceanview Mortgage Loan Trust                                              | CUSIP: 676477AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    260224 | PA      | $245349.14    | 0.11%             | 2050-05-28      | Variable      | 1.73%                 | Yes           |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                             | PBF Holding Co., LLC/PBF Finance Corp.                                     | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $291796.85    | 0.13%             | 2030-03-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC                 | PEAC Solutions Receivables, LLC                                            | CUSIP: 69392BAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003669.50   | 0.44%             | 2031-10-20      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC                 | PEAC Solutions Receivables, LLC                                            | CUSIP: 69392HAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1070000 | PA      | $1085807.22   | 0.48%             | 2032-07-20      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| PAYCHEX INC                                    | Paychex, Inc.                                                              | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1300708.59   | 0.57%             | 2030-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Post Road Equipment Finance                    | Post Road Equipment Finance, LLC                                           | CUSIP: 73747LAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1135000 | PA      | $1141261.34   | 0.50%             | 2031-05-15      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| Purchasing Power Funding                       | Purchasing Power Funding, LLC                                              | CUSIP: 745935AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1504819.65   | 0.66%             | 2028-08-15      | Fixed         | 5.89%                 | Yes           |                  2 | On Loan: No      |
| Woodward Capital Management                    | Woodward Capital Management                                                | CUSIP: 74938PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1323372 | PA      | $1332711.34   | 0.58%             | 2044-04-25      | Variable      | 6.14%                 | Yes           |                  2 | On Loan: No      |
| Woodward Capital Management                    | Woodward Capital Management                                                | CUSIP: 749427AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1225544 | PA      | $1232825.11   | 0.54%             | 2045-01-25      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| RTX CORP                                       | RTX Corp.                                                                  | CUSIP: 75513ECH2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   1865000 | PA      | $1842540.89   | 0.81%             | 2027-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                         | Regions Financial Corp.                                                    | CUSIP: 7591EPAU4<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1962325.34   | 0.86%             | 2030-06-06      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In                 | Residential Accredit Loans, Inc. Trust REMIC                               | CUSIP: 76110G6V8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     11499 | PA      | $7305.51      | 0.00%             | 2026-01-07      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                    | SBNA Auto Receivables Trust                                                | CUSIP: 78437PAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1102576 | PA      | $1105854.66   | 0.49%             | 2028-12-15      | Fixed         | 5.32%                 | Yes           |                  2 | On Loan: No      |
| SLM Student Loan Trust                         | SLM Student Loan Trust                                                     | CUSIP: 78444GAC8<br>LEI: 549300OORAXMFXOHG132 | Long             | ABS-MBS          | CORP              | US        |    404201 | PA      | $400279.78    | 0.18%             | 2025-10-25      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                         | SLM Student Loan Trust                                                     | CUSIP: 78444YAD7<br>LEI: 549300SRMXHPGI3BJ386 | Long             | ABS-MBS          | CORP              | US        |    180666 | PA      | $181332.85    | 0.08%             | 2028-07-25      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                         | SLM Student Loan Trust                                                     | CUSIP: 78445AAD8<br>LEI: 549300EQOYJZL2D96G46 | Long             | ABS-MBS          | CORP              | US        |    349438 | PA      | $350217.42    | 0.15%             | 2029-04-15      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| SREIT Trust                                    | SREIT Trust                                                                | CUSIP: 78485GAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1046655 | PA      | $1046000.56   | 0.46%             | 2036-07-15      | Floating      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Social Professional Loan Progr                 | Sofi Professional Loan Program Trust                                       | CUSIP: 78490DAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    162321 | PA      | $160525.09    | 0.07%             | 2048-01-25      | Fixed         | 3.59%                 | Yes           |                  2 | On Loan: No      |
| SCOTTS BLUFF CNTY NE SCH DIST                  | Scotts Bluff County School District No. 32                                 | CUSIP: 810181FQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $163079.54    | 0.07%             | 2026-12-01      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr                 | Sofi Professional Loan Program, LLC                                        | CUSIP: 83404WAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    231712 | PA      | $226736.30    | 0.10%             | 2048-08-17      | Fixed         | 3.09%                 | Yes           |                  2 | On Loan: No      |
| Social Professional Loan Progr                 | SoFi Professional Loan Program Trust                                       | CUSIP: 83405NAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    567692 | PA      | $494311.98    | 0.22%             | 2047-02-15      | Fixed         | 1.14%                 | Yes           |                  2 | On Loan: No      |
| Social Professional Loan Progr                 | Sofi Professional Loan Program Trust                                       | CUSIP: 83405YAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    422698 | PA      | $376430.47    | 0.17%             | 2043-08-17      | Fixed         | 1.03%                 | Yes           |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRU                 | SoFi Consumer Loan Program Trust                                           | CUSIP: 83406YAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1320000 | PA      | $1332969.26   | 0.58%             | 2034-02-27      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| STARBUCKS CORP                                 | Starbucks Corp.                                                            | CUSIP: 855244BN8<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    650000 | PA      | $653248.13    | 0.29%             | 2028-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Sutherland Commercial Mortgage                 | Sutherland Commercial Mortgage Trust                                       | CUSIP: 86935CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    502679 | PA      | $479187.05    | 0.21%             | 2041-04-25      | Variable      | 2.86%                 | Yes           |                  2 | On Loan: No      |
| Sutherland Commercial Mortgage                 | Sutherland Commercial Mortgage Trust                                       | CUSIP: 86935JAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300225 | PA      | $279261.36    | 0.12%             | 2041-12-25      | Variable      | 1.55%                 | Yes           |                  2 | On Loan: No      |
| TPG Real Estate Finance                        | TRTX Issuer, Ltd.                                                          | CUSIP: 87277JAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   1140019 | PA      | $1139621.36   | 0.50%             | 2039-02-15      | Floating      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| TAPESTRY INC                                   | Tapestry, Inc.                                                             | CUSIP: 876030AK3<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |    800000 | PA      | $810408.32    | 0.36%             | 2030-03-11      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                      | Towd Point Mortgage Trust                                                  | CUSIP: 89173FAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $637234.26    | 0.28%             | 2056-10-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                      | Towd Point Mortgage Trust                                                  | CUSIP: 89173UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    449603 | PA      | $438038.24    | 0.19%             | 2057-06-25      | Variable      | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                      | Towd Point Mortgage Trust                                                  | CUSIP: 89176VAK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     85274 | PA      | $84162.50     | 0.04%             | 2058-07-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                      | Towd Point Mortgage Trust                                                  | CUSIP: 89178YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    305770 | PA      | $298095.27    | 0.13%             | 2060-02-25      | Variable      | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                      | Towd Point Mortgage Trust                                                  | CUSIP: 89179YAR4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    677217 | PA      | $631905.71    | 0.28%             | 2061-11-25      | Variable      | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Tricon American Homes                          | Tricon American Homes Trust                                                | CUSIP: 89612LAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    221228 | PA      | $218260.74    | 0.10%             | 2038-03-17      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Tricon Residential                             | Tricon Residential Trust                                                   | CUSIP: 89616QAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    921924 | PA      | $908945.13    | 0.40%             | 2039-04-17      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                          | Truist Financial Corp.                                                     | CUSIP: 89788MAL6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2240000 | PA      | $2265877.22   | 0.99%             | 2029-01-26      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| TURNING POINT BRANDS INC                       | Turning Point Brands, Inc.                                                 | CUSIP: 90041LAG0<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209392.80    | 0.09%             | 2032-03-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| US BANCORP                                     | U.S. Bancorp                                                               | CUSIP: 902973866<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |       400 | NS      | $329680.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America, Inc.                                         | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    680000 | PA      | $677288.02    | 0.30%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                     | U.S. Bancorp                                                               | CUSIP: 91159HJM3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $2300076.84   | 1.01%             | 2029-06-12      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                | U.S. Treasury Note/Bond                                                    | CUSIP: 9128283W8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17550000 | PA      | $17132502.00  | 7.51%             | 2028-02-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                | U.S. Treasury Note                                                         | CUSIP: 912828V98<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16040000 | PA      | $15649025.00  | 6.86%             | 2027-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                | U.S. Treasury Note                                                         | CUSIP: 91282CHQ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18325000 | PA      | $18546188.43  | 8.13%             | 2028-07-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                | U.S. Treasury Note/Bond                                                    | CUSIP: 91282CKD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1650000 | PA      | $1679068.36   | 0.74%             | 2029-02-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                       | Vantage Data Centers Issuer, LLC                                           | CUSIP: 92212KAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1380000 | PA      | $1369252.97   | 0.60%             | 2045-09-15      | Fixed         | 1.65%                 | Yes           |                  2 | On Loan: No      |
| VASA Trust                                     | VASA Trust                                                                 | CUSIP: 92230AAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1450000 | PA      | $1406798.41   | 0.62%             | 2039-07-15      | Floating      | 5.33%                 | Yes           |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo                 | Velocity Commercial Capital Loan Trust                                     | CUSIP: 92259PAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    632538 | PA      | $641811.12    | 0.28%             | 2054-04-25      | Variable      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo                 | Velocity Commercial Capital Loan Trust                                     | CUSIP: 92259TAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    767141 | PA      | $658517.66    | 0.29%             | 2051-05-25      | Variable      | 1.40%                 | Yes           |                  2 | On Loan: No      |
| Verdant Receivables LLC                        | Verdant Receivables, LLC                                                   | CUSIP: 92339MAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    916167 | PA      | $930967.62    | 0.41%             | 2031-12-12      | Fixed         | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Verdant Receivables LLC                        | Verdant Receivables, LLC                                                   | CUSIP: 92340GAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $1720134.46   | 0.75%             | 2033-05-12      | Fixed         | 4.96%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications, Inc.                                               | CUSIP: 92343VDY7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    675000 | PA      | $674434.67    | 0.30%             | 2027-03-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications, Inc.                                               | CUSIP: 92343VFX7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    738000 | PA      | $638539.76    | 0.28%             | 2030-10-30      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| WSTN Trust                                     | WSTN Trust                                                                 | CUSIP: 92943AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2145000 | PA      | $2175305.63   | 0.95%             | 2037-07-05      | Variable      | 6.52%                 | Yes           |                  2 | On Loan: No      |
| WALKER & DUNLOP INC                            | Walker & Dunlop, Inc.                                                      | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $128279.12    | 0.06%             | 2033-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co.                                                          | CUSIP: 95000U3A9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2245000 | PA      | $2263925.13   | 0.99%             | 2028-07-25      | Variable      | 4.81%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                 | Wells Fargo Commercial Mortgage Trust                                      | CUSIP: 95003PAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1445000 | PA      | $1453662.20   | 0.64%             | 2035-07-15      | Variable      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                 | Wells Fargo Commercial Mortgage Trust                                      | CUSIP: 95004JAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1073000 | PA      | $1132995.51   | 0.50%             | 2058-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                 | Whirlpool Corp.                                                            | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    275000 | PA      | $277416.91    | 0.12%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance LL                 | Wingspire Equipment Finance, LLC                                           | CUSIP: 97415AAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    860000 | PA      | $860479.28    | 0.38%             | 2032-09-20      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-18

**Name of Applicant:** Tributary Funds, Inc.

**Signature:** /s/ Karen Shaw

**Name of Signer:** Karen Shaw

**Title:** Treasurer