# EDGAR Filing Document

**Accession Number:** 0000356476
**File Stem:** 0001145549-25-052250
**Filing Date:** 2025-8
**Character Count:** 192360
**Document Hash:** 8cc175994df851135e27a6a1ffdbdb71
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-052250.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0001145549-25-052250

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250821

**DATE AS OF CHANGE**: 20250821

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EMPOWER FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000356476

**ORGANIZATION NAME:**
- **EIN:** 840876044
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03364
- **FILM NUMBER:** 251239074

**BUSINESS ADDRESS:**
- **STREET 1:** 8515 E ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111
- **BUSINESS PHONE:** 303-737-3000

**MAIL ADDRESS:**
- **STREET 1:** 8515 E ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GREAT-WEST FUNDS INC
- **DATE OF NAME CHANGE:** 20121005

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAXIM SERIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Empower Short Duration Bond Fund (Series ID: S000023739)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000069816 | Investor Class      | MXSDX           |
| C000155765 | Institutional Class | MXXJX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** EMPOWER FUNDS, INC.

- **b. Investment Company Act file number:** 811-03364

- **c. CIK number of Registrant:** 0000356476

- **d. LEI of Registrant:** RUYOMHMDMSPQ01U66388

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

  - **Street Address 1:** 8515 E Orchard Road

  - **City:** Greenwood Village

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80111

  - **Telephone number:** 866-831-7129

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

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

- **b. EDGAR series identifier (if any):** S000023739

- **c. LEI of Series:** CX6WNJ2GSLVQWS6MKM15

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

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

- **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:** $487750285.35

**Total Liabilities:** $14957889.66

**Net Assets:** $472792395.69

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1808.001371180269 | **1-Year:** 25826.847525237133 | **5-Year:** 25227.640295766374 | **10-Year:** 422.266839633636 | **30-Year:** 21.671761423161

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

- **3-Month:** 25.105220559510 | **1-Year:** 339.656492033075 | **5-Year:** 368.186355498643 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000069816 | 0.67%                | 0.10%                | 0.57%                |
| Class ID C000155765 | 0.73%                | 0.00%                | 0.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-81737.75               | $366610.74                                 |
| Month 2  | $-106090.28              | $-457828.79                                |
| Month 3  | $345847.95               | $722277.33                                 |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** CX6WNJ2GSLVQWS6MKM15

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Dreyfus Instl Resv                                                                   | Dreyfus Instl Resv PFD GOVT INSTL                               | CUSIP: 26200X100<br>LEI: 549300FG0OZ5YKPLK622 | Long             | STIV             | RF                | US        |   1658061 | PA      | $1658061.20   | 0.35%             | 2025-07-01      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | RCV SOFR  PAY 3.63 09/17/2030                                   | CUSIP: N/A<br>LEI: 12UUJYTN7D3SW8KCSG25       | Long             | DIR              |  | US        |         0 | OU      | $-364495.73   | -0.08%            | 2030-09-17      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | RCV 3.58 PAY SOFR  09/17/2027                                   | CUSIP: N/A<br>LEI: 12UUJYTN7D3SW8KCSG25       | Long             | DIR              |  | US        |    264303 | OU      | $877559.16    | 0.19%             | 2027-09-17      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| AS Mileage Plan IP Ltd.                                                              | ALK 5.021 10/20/29 144A                                         | CUSIP: 00218QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1029000 | NS      | $1018249.16   | 0.22%             | 2029-10-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| A&D MORTGAGE TRUST 2023-NQM5                                                         | ADMT 2023-NQM5 A1                                               | CUSIP: 00249XAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2403019 | NS      | $2435040.75   | 0.52%             | 2068-11-25      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                            | AER 2.45 10/29/26                                               | CUSIP: 00774MAV7<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |   3082000 | NS      | $3002720.25   | 0.64%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| AGREE L P DISC COML PAPER 4/A2                                                       | AGREE L P DISC COML PAPER 4/A2 0% CP 01/07/2025                 | CUSIP: 00852WU14<br>LEI: 549300DXY3G299V1BO77 | Long             | STIV             |  | US        |   2486000 | NS      | $2486000.00   | 0.53%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Air Lease Corporation                                                                | AL 4.625 10/01/28                                               | CUSIP: 00912XBF0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1913000 | NS      | $1925406.38   | 0.41%             | 2028-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Air Lease Corporation                                                                | Air Lease Corporation 0% CP 08/07/2025                          | CUSIP: 00913WU86<br>LEI: 5493004NW4M4P8TMMK63 | Long             | STIV             | CORP              | US        |   2465000 | NS      | $2462657.50   | 0.52%             | 2025-07-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Air Lease Corporation                                                                | AL 5.3 06/25/26 MTN                                             | CUSIP: 00914AAW2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    708000 | NS      | $712703.63    | 0.15%             | 2026-06-25      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Aircastle Limited                                                                    | AYR 6.5 07/18/28 144A                                           | CUSIP: 00928QAX9<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    774000 | NS      | $808069.94    | 0.17%             | 2028-07-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Alexander Funding Trust II                                                           | NRG 7.467 07/31/28                                              | CUSIP: 014916AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    420000 | NS      | $449142.41    | 0.09%             | 2028-07-31      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                                                | Alexandria Real Estate Equities, Inc. 0% CP 18/07/2025          | CUSIP: 01527LUJ2<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | ABS-APCP         | CORP              | US        |   1307000 | NS      | $1304128.50   | 0.28%             | 2025-07-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard Inc.                                                        | ATDBCN 3.55 07/26/27 144A                                       | CUSIP: 01626PAH9<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |    883000 | NS      | $868897.06    | 0.18%             | 2027-07-26      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard Inc.                                                        | Alimentation Couche-Tard Inc. 0% CP 10/07/2025                  | CUSIP: 01626UUA1<br>LEI: 549300OSW32RVX8CCZ87 | Long             | STIV             | CORP              | CA        |   1520000 | NS      | $1518245.25   | 0.32%             | 2025-07-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                  | ALLY 5.75 11/20/25                                              | CUSIP: 02005NBF6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   5155000 | NS      | $5166718.88   | 1.09%             | 2025-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                             | AXP V5.389 07/28/27                                             | CUSIP: 025816DG1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    824000 | NS      | $832197.31    | 0.18%             | 2027-07-28      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                             | AXP V4.731 04/25/29                                             | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    306000 | NS      | $309479.72    | 0.07%             | 2029-04-25      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                                                           | AMT 2.75 01/15/27                                               | CUSIP: 03027XAX8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1800000 | NS      | $1757163.75   | 0.37%             | 2027-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 5.15 03/02/28                                              | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1329000 | NS      | $1357921.38   | 0.29%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ANCHOR MORTGAGE TRUST 2025-RTL1                                                      | ANCHR 2025-RTL1 A1                                              | CUSIP: 03290CAA4<br>LEI: 254900S7O2LYCU17JI96 | Long             | ABS-O            | CORP              | US        |    712000 | NS      | $711985.69    | 0.15%             | 2040-05-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST                                                             | AOMT 2021-3 A3                                                  | CUSIP: 03465EAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    380740 | NS      | $326754.97    | 0.07%             | 2066-05-25      | Variable      | 1.46%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2025-HB1                                                    | AOMT 2025-HB1 A1                                                | CUSIP: 034936AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    386302 | NS      | $388667.56    | 0.08%             | 2055-02-25      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| Arrow Electronics, Inc.                                                              | Arrow Electronics, Inc. 0% CP 02/07/2025                        | CUSIP: 04273LU29<br>LEI: 549300YNNLBXT8N8R512 | Long             | STIV             | CORP              | US        |   1236000 | NS      | $1235840.25   | 0.26%             | 2025-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2024-5C29                                                       | BBCMS 2024-5C29 XA                                              | CUSIP: 05555PAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18342352 | NS      | $1069617.75   | 0.23%             | 2057-09-17      | Variable      | 1.82%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C6 MORTGAGE TRUST                                                          | BMO 2024-5C6 XA                                                 | CUSIP: 05593QAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9091496 | NS      | $436400.91    | 0.09%             | 2057-09-17      | Variable      | 1.57%                 | No            |                  2 | On Loan: No      |
| BAIN CAP CREDIT CLO 2022-2A                                                          | ABS FLOAT SER.2022-2A CL.A1R                                    | CUSIP: 05682GAQ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | NS      | $700000.00    | 0.15%             | 2035-04-22      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Banco Santander, S.A.                                                                | SANTAN V1.722 09/14/27                                          | CUSIP: 05964HAN5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   3600000 | NS      | $3477518.00   | 0.74%             | 2027-09-14      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V6.204 11/10/28                                             | CUSIP: 06051GLC1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5833000 | NS      | $6070274.50   | 1.28%             | 2028-11-10      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR7                                                                      | BANK5 2024-5YR7 XA                                              | CUSIP: 06211UBR5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9145902 | NS      | $423788.19    | 0.09%             | 2057-06-15      | Variable      | 1.57%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BNK26                                                                      | BANK 2020-BN26 XA                                               | CUSIP: 06540JBM3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4022113 | NS      | $168934.80    | 0.04%             | 2063-03-16      | Variable      | 1.31%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR10                                                                     | BANK5 2024-5YR10 XA                                             | CUSIP: 06604AAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9644902 | NS      | $427555.63    | 0.09%             | 2057-10-17      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                         | BACR V5.367 02/25/31                                            | CUSIP: 06738ECY9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    320000 | NS      | $326875.69    | 0.07%             | 2031-02-25      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Truist Bank (North Carolina)                                                         | TFC V4.632 09/17/29 BKNT                                        | CUSIP: 07330MAC1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    430000 | NS      | $424901.09    | 0.09%             | 2029-09-17      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2024-V10 MORTGAGE TRUST                                                    | BMARK 2024-V10 XA                                               | CUSIP: 08163UAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8394000 | NS      | $403941.09    | 0.09%             | 2057-09-17      | Variable      | 1.52%                 | No            |                  2 | On Loan: No      |
| Berry Global Inc                                                                     | BERY 1.65 01/15/27                                              | CUSIP: 08576PAF8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1205000 | NS      | $1155810.88   | 0.24%             | 2027-01-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| BIRCH GROVE CLO 8 LTD                                                                | BGCLO 2024-8A A1                                                | CUSIP: 09077TAA3<br>LEI: 254900WH1INTG23INE62 | Long             | ABS-CBDO         | CORP              | JE        |    600000 | NS      | $602682.63    | 0.13%             | 2037-04-20      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                                       | BCRED 3.25 03/15/27                                             | CUSIP: 09261HAK3<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    417000 | NS      | $405456.27    | 0.09%             | 2027-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| The Boeing Company                                                                   | BA 2.95 02/01/30                                                | CUSIP: 097023CN3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    114000 | NS      | $105684.59    | 0.02%             | 2030-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| The Boeing Company                                                                   | BA 2.75 02/01/26                                                | CUSIP: 097023DA0<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   4362000 | NS      | $4312326.38   | 0.91%             | 2026-02-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| The Boeing Company                                                                   | BA 6.259 05/01/27                                               | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    181000 | NS      | $186215.58    | 0.04%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| The Boeing Company                                                                   | BA 6.298 05/01/29                                               | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    274000 | NS      | $289659.53    | 0.06%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| BOSTON PPTYS LTD PARTNERSHIP                                                         | BOSTON PPTYS LTD PARTNERSHIP 0% CP 02/07/2025                   | CUSIP: 10113BU22<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | STIV             |  | US        |    980000 | NS      | $979872.69    | 0.21%             | 2025-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BOSTON PPTYS LTD PARTNERSHIP                                                         | BOSTON PPTYS LTD PARTNERSHIP 0% CP 07/07/2025                   | CUSIP: 10113BU71<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | STIV             |  | US        |    645000 | NS      | $644414.50    | 0.14%             | 2025-07-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BOSTON PPTYS LTD PARTNERSHIP                                                         | BOSTON PPTYS LTD PARTNERSHIP 0% CP 08/07/2025                   | CUSIP: 10113BU89<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | STIV             |  | US        |   1970000 | NS      | $1968200.75   | 0.42%             | 2025-07-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BOSTON PPTYS LTD PARTNERSHIP                                                         | BOSTON PPTYS LTD PARTNERSHIP 0% CP 16/07/2025                   | CUSIP: 10113BUG1<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | STIV             |  | US        |   1257000 | NS      | $1254565.38   | 0.27%             | 2025-07-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BOSTON PPTYS LTD PARTNERSHIP                                                         | BOSTON PPTYS LTD PARTNERSHIP 0% CP 11/08/2025                   | CUSIP: 10113BVB1<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | STIV             |  | US        |    800000 | NS      | $795715.19    | 0.17%             | 2025-08-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST                                                      | BRAVO 2021-HE2 A1                                               | CUSIP: 10569CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    497127 | NS      | $495631.38    | 0.10%             | 2069-11-25      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2024-NQM2                                            | BRAVO 2024-NQM2 A1                                              | CUSIP: 10569KAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    116727 | NS      | $117794.07    | 0.02%             | 2064-02-25      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2024-NQM3                                            | BRAVO 2024-NQM3 A1                                              | CUSIP: 10569LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    678146 | NS      | $684636.81    | 0.14%             | 2064-03-25      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Company                                                         | BMY 4.9 02/22/29                                                | CUSIP: 110122EF1<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1246000 | NS      | $1275717.63   | 0.27%             | 2029-02-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Brown & Brown Inc                                                                    | BRO 4.7 06/23/28                                                | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    960000 | NS      | $968098.69    | 0.20%             | 2028-06-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Brunswick Corporation                                                                | BC 2.4 08/18/31                                                 | CUSIP: 117043AT6<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | DBT              | CORP              | US        |    614000 | NS      | $522124.87    | 0.11%             | 2031-08-18      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| CAFL 2025-RRTL1 ISSUER, LP                                                           | CAFL 2025-RRTL1 A1                                              | CUSIP: 124760AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    216000 | NS      | $216865.66    | 0.05%             | 2040-05-28      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                     | PARA 3.7 06/01/28                                               | CUSIP: 124857AX1<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    220000 | NS      | $213550.05    | 0.05%             | 2028-06-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST 2023-1                                                         | CCG 2023-1 A2                                                   | CUSIP: 12512XAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    197101 | NS      | $198122.20    | 0.04%             | 2030-09-16      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| CF Industries, Inc.                                                                  | CF 4.5 12/01/26 144A                                            | CUSIP: 12527GAH6<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |   1498000 | NS      | $1498894.38   | 0.32%             | 2026-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                                                  | COMM 2014-UBS3 AM                                               | CUSIP: 12591YBD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    355125 | NS      | $339605.97    | 0.07%             | 2047-06-12      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                                                  | COMM 2014-UBS5 AM                                               | CUSIP: 12592KBE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    497448 | NS      | $490747.75    | 0.10%             | 2047-09-12      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| CRC Funding LLC                                                                      | CRC Funding LLC 0% CP 22/09/2025                                | CUSIP: 12619TWN0<br>LEI: 549300HKCCNTZDBBEN75 | Long             | ABS-APCP         | CORP              | US        |   2750000 | NS      | $2721168.00   | 0.58%             | 2025-09-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COLT 2024-INV2 MORTGAGE LOAN TRUST                                                   | COLT 2024-INV2 A1                                               | CUSIP: 12622SAA9<br>LEI: 2138001M5YM45SK1QW14 | Long             | ABS-O            | CORP              | US        |   2636950 | NS      | $2668838.25   | 0.56%             | 2069-05-27      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                                                  | COMM 2014-CR14 B                                                | CUSIP: 12630DBB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    218674 | NS      | $209970.88    | 0.04%             | 2047-02-12      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| Comm 2014-Ccre17 Mortgage Trust                                                      | COMM 2014-CR17 B                                                | CUSIP: 12631DBE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    458754 | NS      | $441555.03    | 0.09%             | 2047-05-10      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                                            | COMM 2015-CR27 B                                                | CUSIP: 12635QBK5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    512000 | NS      | $498765.56    | 0.11%             | 2048-10-13      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS 5.4 06/01/29                                                | CUSIP: 126650EB2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2234000 | NS      | $2299156.00   | 0.49%             | 2029-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Caixabank S.A.                                                                       | CABKSM V5.673 03/15/30 144A                                     | CUSIP: 12803RAG9<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    430000 | NS      | $444694.81    | 0.09%             | 2030-03-15      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Caixabank S.A.                                                                       | CABKSM V4.634 07/03/29 144A                                     | CUSIP: 12803RAK0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    435000 | NS      | $436083.44    | 0.09%             | 2029-07-03      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                          | COF 4.2 10/29/25                                                | CUSIP: 14040HBJ3<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1720000 | NS      | $1717551.13   | 0.36%             | 2025-10-29      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Capital One Multi Asset Execution Trust                                              | COMET 2022-A3 A                                                 | CUSIP: 14041NGB1<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |   1150000 | NS      | $1151361.63   | 0.24%             | 2027-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2022-1                                      | COPAR 2022-1 A3                                                 | CUSIP: 14043QAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400565 | NS      | $398801.33    | 0.08%             | 2027-04-15      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                                                        | CNC 3.375 02/15/30                                              | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     66000 | NS      | $60788.21     | 0.01%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 4.908 07/23/25                                             | CUSIP: 161175AY0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    500000 | NS      | $499963.38    | 0.11%             | 2025-07-23      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 6.15 11/10/26                                              | CUSIP: 161175CM4<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   2000000 | NS      | $2038284.63   | 0.43%             | 2026-11-10      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST 2024-1                                                        | CHAOT 2024-1A A3                                                | CUSIP: 16144BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    789000 | NS      | $795962.69    | 0.17%             | 2029-05-25      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                          | CQP 4.5 10/01/29                                                | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   1512000 | NS      | $1495815.50   | 0.32%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V5.61 09/29/26                                                | CUSIP: 172967NX5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1164000 | NS      | $1166614.25   | 0.25%             | 2026-09-29      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| CITIZENS AUTO RECEIVABLES TRUST 202                                                  | CITZN 2024-1 A3                                                 | CUSIP: 17331QAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    367000 | NS      | $368996.44    | 0.08%             | 2028-04-17      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Cno Global Funding                                                                   | CNO 1.75 10/07/26 144A                                          | CUSIP: 18977W2A7<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |   2073000 | NS      | $2002727.50   | 0.42%             | 2026-10-07      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2022-R04                                         | CAS 2022-R04 1M2                                                | CUSIP: 20753YCK6<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |     24000 | NS      | $24721.54     | 0.01%             | 2042-03-25      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2023-R06                                         | CAS 2023-R06 1M1                                                | CUSIP: 20754EAA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     10513 | NS      | $10572.26     | 0.00%             | 2043-07-27      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2024-R02                                         | CAS 2024-R02 1M1                                                | CUSIP: 20754GAA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    280487 | NS      | $280397.75    | 0.06%             | 2044-02-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2025-R03                                         | CAS 2025-R02 1A1                                                | CUSIP: 20754TAB8<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    193803 | NS      | $193923.70    | 0.04%             | 2045-02-27      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2022-R08                                         | CAS 2022-R08 1M1                                                | CUSIP: 20755DAA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     14613 | NS      | $14939.32     | 0.00%             | 2042-07-25      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2024-R06                                         | CAS 2024-R06 1A1                                                | CUSIP: 20755RAA3<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    181019 | NS      | $181636.95    | 0.04%             | 2044-09-26      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2024-R06                                         | CAS 2024-R06 1M1                                                | CUSIP: 20755RAB1<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |     30393 | NS      | $30392.97     | 0.01%             | 2044-09-26      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2025-R04                                         | CAS 2025-R04 1M1                                                | CUSIP: 20755TAB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1104185 | NS      | $1106224.38   | 0.23%             | 2045-05-25      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2023-R01                                         | CAS 2023-R01 1M1                                                | CUSIP: 207932AA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    144845 | NS      | $148576.95    | 0.03%             | 2042-12-26      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2024-R03                                         | CAS 2024-R03 2M1                                                | CUSIP: 207941AA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      8102 | NS      | $8101.71      | 0.00%             | 2044-03-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                                                  | CEG 5.6 03/01/28                                                | CUSIP: 210385AB6<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |   2067000 | NS      | $2138503.38   | 0.45%             | 2028-03-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial Inc.                                                            | CRBG 3.65 04/05/27                                              | CUSIP: 21871XAD1<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   1319000 | NS      | $1301551.13   | 0.28%             | 2027-04-05      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Credit Agricole S.A. London Branch                                                   | ACAFP V5.335 01/10/30 144A                                      | CUSIP: 22535WAK3<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    380000 | NS      | $388719.63    | 0.08%             | 2030-01-10      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| CROSS 2024-H1 MORTGAGE TRUST                                                         | CROSS 2024-H1 A1                                                | CUSIP: 22757AAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    531853 | NS      | $535059.06    | 0.11%             | 2068-12-25      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| CROSS 2025-H3 MORTGAGE TRUST                                                         | CROSS 2025-H3 A1                                                | CUSIP: 22757EAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10331 | NS      | $10448.91     | 0.00%             | 2070-04-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                    | Crown Castle Inc. 0% CP 01/07/2025                              | CUSIP: 22823PU19<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |   1015000 | NS      | $1015000.00   | 0.21%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| D.R. Horton, Inc.                                                                    | DHI 1.3 10/15/26                                                | CUSIP: 23331ABQ1<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |   2193000 | NS      | $2108392.47   | 0.45%             | 2026-10-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                                                      | DANBNK V1.549 09/10/27 144A                                     | CUSIP: 23636ABB6<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   1042000 | NS      | $1006480.94   | 0.21%             | 2027-09-10      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG New York Branch                                                     | DB V2.311 11/16/27                                              | CUSIP: 251526CP2<br>LEI: N/A                  | Long             | DBT              | CORP              | DE        |    927000 | NS      | $899442.50    | 0.19%             | 2027-11-16      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                               | FANG 5.15 01/30/30                                              | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    627000 | NS      | $641305.88    | 0.14%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Discover Card Execution Note Trust                                                   | DCENT 2022-A3 A3                                                | CUSIP: 254683CW3<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | ABS-O            | CORP              | US        |   2147000 | NS      | $2146331.50   | 0.45%             | 2027-07-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                                  | D 4.6 05/15/28                                                  | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    806000 | NS      | $811309.94    | 0.17%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| DRIVE AUTO RECEIVABLES TRUST                                                         | DRIVE 2021-2 D                                                  | CUSIP: 262104AF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    535144 | NS      | $531013.13    | 0.11%             | 2029-03-15      | Fixed         | 1.39%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                     | Duke Energy Corp 0% CP 22/07/2025                               | CUSIP: 26244HUN1<br>LEI: I1BZKREC126H0VB1BL91 | Long             | STIV             | CORP              | US        |   1820000 | NS      | $1815124.50   | 0.38%             | 2025-07-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 3.125 05/15/26 144A                                         | CUSIP: 26884LAM1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     83000 | NS      | $81721.94     | 0.02%             | 2026-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                                                             | EDF 5.7 05/23/28 144A                                           | CUSIP: 28504DAB9<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    795000 | NS      | $818937.75    | 0.17%             | 2028-05-23      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Elevation CLO 2021-13 Ltd.                                                           | AWPT 2021-13A A1R                                               | CUSIP: 28622EAS7<br>LEI: 549300YZ3RIOTSOP0V95 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | NS      | $499869.50    | 0.11%             | 2034-07-17      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| ELMWOOD CLO 33 LTD                                                                   | ELM33 2024-9RA AR                                               | CUSIP: 29001EAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | NS      | $502855.00    | 0.11%             | 2037-10-21      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET 6.05 12/01/26                                                | CUSIP: 29273VAR1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1655000 | NS      | $1689853.75   | 0.36%             | 2026-12-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Fremf 2012 Kf01 Mortgage Trust                                                       | FREMF 2015-K51 B                                                | CUSIP: 30293XAJ9<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   1049000 | NS      | $1044198.44   | 0.22%             | 2048-10-25      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | CAS 2017-C06 1M2B                                               | CUSIP: 30711XQU1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    170347 | NS      | $170604.48    | 0.04%             | 2030-02-25      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | CAS 2017-C06 2M2                                                | CUSIP: 30711XSX3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    556241 | NS      | $566195.38    | 0.12%             | 2030-02-25      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FHLBDN 0 07/28/25                                               | CUSIP: 313385JS6<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |  20000000 | NS      | $19936288.00  | 4.22%             | 2025-07-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BL2815                                                       | CUSIP: 3140HUDV5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    937626 | NS      | $885434.00    | 0.19%             | 2029-09-01      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BZ0065                                                       | CUSIP: 3140NUCB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    732000 | NS      | $754489.06    | 0.16%             | 2028-12-01      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Fiserv Inc.                                                                          | FI 5.45 03/02/28                                                | CUSIP: 337738BD9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    825000 | NS      | $847769.50    | 0.18%             | 2028-03-02      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp.                                                                    | FE 3.9 07/15/27 B                                               | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   2017000 | NS      | $1994385.57   | 0.42%             | 2027-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                               | FABSJV 5.5 01/25/31                                             | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    400000 | NS      | $410278.47    | 0.09%             | 2031-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2023-DNA1 M1A                                             | CUSIP: 35564KP37<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |     37921 | NS      | $38478.27     | 0.01%             | 2043-03-25      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2025-DNA2 A1                                              | CUSIP: 35564NHY2<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    637175 | NS      | $637411.19    | 0.13%             | 2045-05-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST                                                         | GSMS 2019-GC38 XA                                               | CUSIP: 36252SAX5<br>LEI: 549300WZ62L3Y22NOZ64 | Long             | ABS-O            | CORP              | US        |  12311053 | NS      | $384353.53    | 0.08%             | 2052-02-12      | Variable      | 1.17%                 | No            |                  2 | On Loan: No      |
| Haleon US Capital LLC.                                                               | HLNLN 3.375 03/24/27                                            | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |   1365000 | NS      | $1345045.75   | 0.28%             | 2027-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GE Healthcare Technologies Inc.                                                      | GEHC 4.8 08/14/29                                               | CUSIP: 36266GAA5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    149000 | NS      | $151183.89    | 0.03%             | 2029-08-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Golden Credit Card Trust                                                             | GCCT 2022-4A A                                                  | CUSIP: 380881FP2<br>LEI: 549300BEDPMEONLTJX58 | Long             | ABS-O            | CORP              | CA        |   2203000 | NS      | $2202135.50   | 0.47%             | 2027-09-15      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V5.798 08/10/26                                              | CUSIP: 38145GAM2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2061000 | NS      | $2063861.50   | 0.44%             | 2026-08-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Graphic Packaging International LLC                                                  | GPK 1.512 04/15/26 144A                                         | CUSIP: 38869PAP9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    919000 | NS      | $894982.94    | 0.19%             | 2026-04-15      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| HOMES 2024-NQM1 TRUST                                                                | HOMES 2024-NQM1 A1                                              | CUSIP: 40390TAA8<br>LEI: 2549001JI3VOZZFMYK81 | Long             | ABS-O            | CORP              | US        |    472148 | NS      | $474947.25    | 0.10%             | 2069-07-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.875 02/15/26                                              | CUSIP: 404119BS7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     99000 | NS      | $99107.43     | 0.02%             | 2026-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.2 06/01/28                                                | CUSIP: 404119CP2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    828000 | NS      | $845950.75    | 0.18%             | 2028-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HARLEY-DAVIDSON MOTORCYCLE TRUST 20                                                  | HDMOT 2025-A A3                                                 | CUSIP: 41284XAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1165000 | NS      | $1178548.25   | 0.25%             | 2030-04-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| HONDA AUTO RECEIVABLES 2023-2 OWNE                                                   | HAROT 2023-2 A3                                                 | CUSIP: 437927AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    573812 | NS      | $575447.75    | 0.12%             | 2027-11-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Howmet Aerospace Inc                                                                 | HWM 3 01/15/29                                                  | CUSIP: 443201AB4<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |   1127000 | NS      | $1076938.75   | 0.23%             | 2029-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                              | HYNMTR 5.35 03/19/29 144A                                       | CUSIP: 44891ACY1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    356000 | NS      | $362455.28    | 0.08%             | 2029-03-19      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust 2024-C                                                | HART 2024-C A3                                                  | CUSIP: 448976AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    368000 | NS      | $369852.00    | 0.08%             | 2029-05-15      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO REC TR 2025-B                                                           | HART 2025-B A3                                                  | CUSIP: 44935XAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    587000 | NS      | $590758.00    | 0.12%             | 2029-12-17      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                                       | INTNED V4.858 03/25/29                                          | CUSIP: 456837BQ5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    590000 | NS      | $596002.81    | 0.13%             | 2029-03-25      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                                                        | Intercontinental Exchange Inc 0% CP 09/07/2025                  | CUSIP: 45856WU98<br>LEI: 5493000F4ZO33MV32P92 | Long             | STIV             | CORP              | US        |    830000 | NS      | $829149.50    | 0.18%             | 2025-07-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                                                               | ISPIM 5.71 01/15/26                                             | CUSIP: 46115HAW7<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   1347000 | NS      | $1349983.63   | 0.29%             | 2026-01-15      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Iqvia Inc                                                                            | IQV 5.7 05/15/28                                                | CUSIP: 46266TAC2<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    800000 | NS      | $820336.00    | 0.17%             | 2028-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc                              | JBSSBZ 5.125 02/01/28                                           | CUSIP: 46590XAZ9<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |    575000 | NS      | $586730.00    | 0.12%             | 2028-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| J.P.MORGAN MORTGAGE TRUST 2024-CES1                                                  | JPMMT 2024-CES1 A1A                                             | CUSIP: 46658CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    306876 | NS      | $308613.25    | 0.07%             | 2054-06-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2024-10                                                     | JPMMT 2024-10 A11                                               | CUSIP: 46658LAX9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    611058 | NS      | $611056.50    | 0.13%             | 2055-03-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Juniper Networks, Inc.                                                               | JNPR 1.2 12/10/25                                               | CUSIP: 48203RAN4<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | DBT              | CORP              | US        |   1436000 | NS      | $1413332.83   | 0.30%             | 2025-12-10      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST 2025-RTL2                                                       | LHOME 2025-RTL2 A1                                              | CUSIP: 50206RAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    337000 | NS      | $338402.08    | 0.07%             | 2040-04-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                    | LPLA 4.625 11/15/27 144A                                        | CUSIP: 50212YAC8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1137000 | NS      | $1133926.31   | 0.24%             | 2027-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Lehman Brothers Holding Inc Escrow                                                   | Lehman Brothers Holding Inc Escrow 4.5% PERP NTS USD (SEC REGD) | CUSIP: 525ESC133<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |         1 | NS      | $0.00         | 0.00%             | 2500-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                             | LLOYDS V5.462 01/05/28                                          | CUSIP: 53944YAZ6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1384000 | NS      | $1402753.38   | 0.30%             | 2028-01-05      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                             | LLOYDS V5.721 06/05/30                                          | CUSIP: 53944YBA0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    539000 | NS      | $559779.75    | 0.12%             | 2030-06-05      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| MAGNETITE LIMITED 2024-40                                                            | MAGNE 2024-40A A1                                               | CUSIP: 55955RAA7<br>LEI: 5299008V4F49IY3SSP69 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | NS      | $501545.00    | 0.11%             | 2037-07-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Manhattan Asset Funding Company LLC                                                  | Manhattan Asset Funding Company LLC 0% CP 24/07/2025            | CUSIP: 56274LUQ5<br>LEI: 549300S0NSJYSOB32S63 | Long             | ABS-APCP         | CORP              | US        |   3000000 | NS      | $2991627.00   | 0.63%             | 2025-07-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                                         | Marriott International, Inc. 0% CP 21/07/2025                   | CUSIP: 57163TUM9<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | STIV             | CORP              | US        |   1545000 | NS      | $1540899.25   | 0.33%             | 2025-07-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                                         | Marriott International, Inc. 0% CP 05/08/2025                   | CUSIP: 57163TV55<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | STIV             | CORP              | US        |   1325000 | NS      | $1319076.63   | 0.28%             | 2025-08-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                            | MARS 4.6 03/01/28 144A                                          | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2680000 | NS      | $2701785.38   | 0.57%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Marvell Technology Inc                                                               | MRVL 5.75 02/15/29                                              | CUSIP: 573874AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    919000 | NS      | $956808.06    | 0.20%             | 2029-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mid-America Apartments, L.P.                                                         | Mid-America Apartments, L.P. 0% CP 02/07/2025                   | CUSIP: 59524NU26<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | STIV             | CORP              | US        |    990000 | NS      | $989872.63    | 0.21%             | 2025-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mondelez International Holdings Netherlands BV                                       | MDLZ 1.25 09/24/26 144A                                         | CUSIP: 60920LAR5<br>LEI: 549300CW356R8I7N8D33 | Long             | DBT              | CORP              | NL        |   3310000 | NS      | $3189916.75   | 0.67%             | 2026-09-24      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, National Association (Utah)                                     | MS V4.952 01/14/28 BKNT                                         | CUSIP: 61690U8A1<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1000000 | NS      | $1008054.19   | 0.21%             | 2028-01-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AES Corp.                                                                            | AES 1.375 01/15/26                                              | CUSIP: 00130HCE3<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   1968000 | NS      | $1930593.66   | 0.41%             | 2026-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corp.                                                                   | ARCC 2.15 07/15/26                                              | CUSIP: 04010LBA0<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   1186000 | NS      | $1155693.50   | 0.24%             | 2026-07-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corp.                                                                   | ARCC 7 01/15/27                                                 | CUSIP: 04010LBE2<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    658000 | NS      | $678916.31    | 0.14%             | 2027-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital Inc.                                                                 | AHTLN 1.5 08/12/26 144A                                         | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   1120000 | NS      | $1083566.63   | 0.23%             | 2026-08-12      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| AvalonBay Communities, Inc.                                                          | AvalonBay Communities, Inc. 0% CP 10/07/2025                    | CUSIP: 05348AUA3<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | STIV             | CORP              | US        |   1830000 | NS      | $1827881.13   | 0.39%             | 2025-07-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                              | BPCEGP V5.975 01/18/27 144A                                     | CUSIP: 05583JAN2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    475000 | NS      | $478228.94    | 0.10%             | 2027-01-18      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel                                                   | BFCM 1.604 10/04/26 144A                                        | CUSIP: 06675FAY3<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   1390000 | NS      | $1342595.25   | 0.28%             | 2026-10-04      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO 2 Ltd.                                                               | BGCLO 2021-2A A1R                                               | CUSIP: 09077LAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | NS      | $400650.41    | 0.08%             | 2037-10-19      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 5.05 07/12/29                                              | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1067000 | NS      | $1092627.91   | 0.23%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Comm 2015-Ccre22 Mortgage Trust                                                      | COMM 2015-CR22 B                                                | CUSIP: 12592XBG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    470000 | NS      | $447087.50    | 0.09%             | 2048-03-12      | Variable      | 11.20%                | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS Health Corp 0% CP 25/09/2025                                | CUSIP: 12665JWR6<br>LEI: 549300EJG376EN5NQE29 | Long             | STIV             | CORP              | US        |    940000 | NS      | $928537.94    | 0.20%             | 2025-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings Llc                                                             | CE 1.4 08/05/26                                                 | CUSIP: 15089QAK0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    558000 | NS      | $537852.13    | 0.11%             | 2026-08-05      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Charta LLC                                                                           | Charta LLC 0% CP 15/09/2025                                     | CUSIP: 16115VWF2<br>LEI: 5493000FNFK79LCM6M65 | Long             | ABS-APCP         | CORP              | US        |   2825000 | NS      | $2797971.50   | 0.59%             | 2025-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust 2018-L1                                               | MSC 2018-L1 A3                                                  | CUSIP: 61691QAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    687000 | NS      | $679398.50    | 0.14%             | 2051-10-17      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.123 02/01/29                                              | CUSIP: 61747YFA8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    676000 | NS      | $687799.69    | 0.15%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Cimarex Energy Corporation                                                           | XEC 3.9 05/15/27                                                | CUSIP: 171798AD3<br>LEI: 11KYOFXPU1C4CQL1CL44 | Long             | DBT              | CORP              | US        |   1310000 | NS      | $1251605.63   | 0.26%             | 2027-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                                                                   | Conagra Brands Inc 0% CP 01/07/2025                             | CUSIP: 20600GU12<br>LEI: 54930035UDEIH090K650 | Long             | STIV             | CORP              | US        |   2130000 | NS      | $2130000.00   | 0.45%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust 2013-C10                          | MSBAM 2013-C10 B                                                | CUSIP: 61762MBZ3<br>LEI: 549300P1YQ48837ZOI22 | Long             | ABS-O            | CORP              | US        |    433327 | NS      | $408626.00    | 0.09%             | 2046-07-17      | Variable      | 4.11%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank Of America Merrill Lynch Trust                                   | MSBAM 2015-C25 AS                                               | CUSIP: 61765TAK9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1467790 | NS      | $1460280.75   | 0.31%             | 2048-10-19      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2024-R04                                         | CAS 2024-R04 1M1                                                | CUSIP: 20753GAB7<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |      7088 | NS      | $7085.79      | 0.00%             | 2044-05-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2025-R01                                         | CAS 2025-R01 1A1                                                | CUSIP: 20755JAA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    275524 | NS      | $275094.38    | 0.06%             | 2045-01-25      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| CSAIL COMMERCIAL MORTGAGE TRUST                                                      | CSAIL 2021-C20 XA                                               | CUSIP: 22945EAW1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5948300 | NS      | $250396.09    | 0.05%             | 2054-03-17      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG New York Branch                                                     | DB V2.129 11/24/26                                              | CUSIP: 251526CE7<br>LEI: N/A                  | Long             | DBT              | CORP              | DE        |   1585000 | NS      | $1568968.02   | 0.33%             | 2026-11-24      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Elevation CLO 2018-10 Ltd.                                                           | AWPT 2018-10A AR                                                | CUSIP: 28623CAL5<br>LEI: 5493005Q4N14IP6ASK07 | Long             | ABS-CBDO         | CORP              | KY        |    547538 | NS      | $546592.63    | 0.12%             | 2031-10-20      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| Elmwood Clo III Ltd / Llc                                                            | ELMW3 2019-3A A1RR                                              | CUSIP: 29002HAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    650000 | NS      | $653180.44    | 0.14%             | 2037-07-20      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                        | ENBCN 1.6 10/04/26                                              | CUSIP: 29250NBH7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    683000 | NS      | $659883.06    | 0.14%             | 2026-10-04      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2023-HQA3 M1                                              | CUSIP: 35564K3G2<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |     41065 | NS      | $41394.47     | 0.01%             | 2043-11-25      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2022-HQA1 M1A                                             | CUSIP: 35564KTA7<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |      6412 | NS      | $6450.77      | 0.00%             | 2042-03-25      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| GOLDENTREE LN MGMT US CLO 9 LTD/LLC                                                  | GLM 2021-9A AR                                                  | CUSIP: 38138JAN3<br>LEI: 549300CQMHYJ3DLMP206 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | NS      | $501529.50    | 0.11%             | 2037-04-20      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| ICON Investments Six DAC                                                             | ICLR 5.849 05/08/29                                             | CUSIP: 45115AAB0<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |    200000 | NS      | $207480.59    | 0.04%             | 2029-05-08      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST                                           | JPMBB 2014-C23 B                                                | CUSIP: 46643ABK8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    525000 | NS      | $488634.50    | 0.10%             | 2047-09-17      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V1.47 09/22/27                                              | CUSIP: 46647PCP9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1986000 | NS      | $1916059.88   | 0.41%             | 2027-09-22      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST 2023-HE                                                   | JPMMT 2023-HE2 A1                                               | CUSIP: 46657FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    345977 | NS      | $347385.44    | 0.07%             | 2054-03-20      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2024-NQM1                             | MSRM 2024-NQM1 A1                                               | CUSIP: 61775UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1507856 | NS      | $1518870.63   | 0.32%             | 2068-12-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| Nestle Finance International Limited                                                 | Nestle Finance International Limited 0% CP 14/08/2025           | CUSIP: 64106GVE0<br>LEI: 0KLLMNHINTFDRMU6DI05 | Long             | STIV             | CORP              | LU        |   2800000 | NS      | $2784702.75   | 0.59%             | 2025-08-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KKR CLO 27 LTD / KKR CLO 27 LL                                                       | KKR 2022-43A A1R                                                | CUSIP: 48255UAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    850000 | NS      | $854115.69    | 0.18%             | 2036-01-15      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| MSCI Inc.                                                                            | MSCI 4 11/15/29 144A                                            | CUSIP: 55354GAH3<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |   2114000 | NS      | $2045685.38   | 0.43%             | 2029-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                  | NEE 5.05 03/15/30                                               | CUSIP: 65339KDJ6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2103000 | NS      | $2151942.06   | 0.46%             | 2030-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc.                                                             | O'Reilly Automotive Inc. 0% CP 18/07/2025                       | CUSIP: 67117GUJ0<br>LEI: 549300K2RLMQL149Q332 | Long             | STIV             | CORP              | US        |   1692000 | NS      | $1688342.13   | 0.36%             | 2025-07-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                           | OXY 5.2 08/01/29                                                | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    870000 | NS      | $872797.94    | 0.18%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                           | OKE 5.55 11/01/26                                               | CUSIP: 682680BH5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    827000 | NS      | $838377.13    | 0.18%             | 2026-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XXX Ltd                                                         | MDPK 2018-30A A1R                                               | CUSIP: 55821TAL1<br>LEI: 549300FFTJ3WPTJK8589 | Long             | ABS-CBDO         | CORP              | KY        |    610000 | NS      | $611215.75    | 0.13%             | 2037-07-16      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                            | MARS 4.65 04/20/31 144A                                         | CUSIP: 571676AU9<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     37000 | NS      | $37456.15     | 0.01%             | 2031-04-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                           | Oneok Inc. 0% CP 07/07/2025                                     | CUSIP: 68269EU75<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | STIV             | CORP              | US        |    979000 | NS      | $978248.06    | 0.21%             | 2025-07-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                           | Oneok Inc. 0% CP 11/07/2025                                     | CUSIP: 68269EUB6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | STIV             | CORP              | US        |   1230000 | NS      | $1228425.75   | 0.26%             | 2025-07-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mid-America Apartments, L.P.                                                         | Mid-America Apartments, L.P. 0% CP 07/07/2025                   | CUSIP: 59524NU75<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | STIV             | CORP              | US        |   1390000 | NS      | $1388927.63   | 0.29%             | 2025-07-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RES 2024-4                                                            | MSRM 2024-4 AF                                                  | CUSIP: 61777BBQ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    329794 | NS      | $330816.16    | 0.07%             | 2054-09-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 1.65 03/25/26                                              | CUSIP: 68389XCC7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2482000 | NS      | $2431246.51   | 0.51%             | 2026-03-25      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| PFP 2022-9 LTD                                                                       | PFP 2022-9 AS                                                   | CUSIP: 69291QAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   1033000 | NS      | $1034291.56   | 0.22%             | 2035-08-16      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                                                               | MSI 4.85 08/15/30                                               | CUSIP: 620076CA5<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    448000 | NS      | $452826.81    | 0.10%             | 2030-08-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Clo XVII Ltd.                                                       | NEUB 2014-17A AR3                                               | CUSIP: 64129UCC7<br>LEI: 549300XVEYZNG956Y145 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | NS      | $501652.50    | 0.11%             | 2038-07-22      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| PNC Bank National Association Pittsburgh Pennsylvania                                | PNC 4.05 07/26/28 BKNT                                          | CUSIP: 69349LAR9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   1737000 | NS      | $1723333.88   | 0.36%             | 2028-07-26      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 3 06/15/28                                                  | CUSIP: 694308JW8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   2413000 | NS      | $2291626.00   | 0.48%             | 2028-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ovintiv Inc                                                                          | OVV 5.65 05/15/28                                               | CUSIP: 69047QAB8<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    215000 | NS      | $221020.13    | 0.05%             | 2028-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Paychex Inc                                                                          | PAYX 5.1 04/15/30                                               | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    686000 | NS      | $702587.50    | 0.15%             | 2030-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO REC TR 2021 -3                                                  | SDART 2021-3 D                                                  | CUSIP: 80287EAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    274796 | NS      | $273690.22    | 0.06%             | 2027-09-15      | Fixed         | 1.33%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-4                                        | SDART 2023-4 C                                                  | CUSIP: 802927AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | NS      | $307683.94    | 0.07%             | 2031-12-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Palmer Square Clo 2021-3 Ltd / Llc                                                   | PLMRS 2021-3A B                                                 | CUSIP: 69688FAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    900000 | NS      | $901056.63    | 0.19%             | 2035-01-16      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| Palomino Funding Trust I                                                             | VST 7.233 05/17/28                                              | CUSIP: 69754AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    680000 | NS      | $718426.88    | 0.15%             | 2028-05-17      | Fixed         | 7.23%                 | No            |                  2 | On Loan: No      |
| 7-Eleven Inc.                                                                        | SVELEV 1.3 02/10/28 144A                                        | CUSIP: 817826AD2<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |    955000 | NS      | $880846.55    | 0.19%             | 2028-02-10      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| South Bow USA Infrastructure Holdings LLC                                            | SOBOCN 4.911 09/01/27 144A                                      | CUSIP: 83007CAA0<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    764000 | NS      | $768902.47    | 0.16%             | 2027-09-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP / PTL Finance Corp.                                       | PENSKE 5.75 05/24/26 144A                                       | CUSIP: 709599BU7<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |    827000 | NS      | $833975.00    | 0.18%             | 2026-05-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP / PTL Finance Corp.                                       | Penske Truck Leasing Co LP / PTL Finance Corp. 0% CP 18/07/2025 | CUSIP: 70962AUJ3<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |    800000 | NS      | $798238.25    | 0.17%             | 2025-07-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Southern Co.                                                                         | SO 3.25 07/01/26                                                | CUSIP: 842587CV7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1762000 | NS      | $1742974.13   | 0.37%             | 2026-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corporation                                                           | S 6.875 11/15/28                                                | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |   3650000 | NS      | $3918410.56   | 0.83%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Synopsys Inc                                                                         | SNPS 4.65 04/01/28                                              | CUSIP: 871607AB3<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    310000 | NS      | $313155.56    | 0.07%             | 2028-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Synopsys Inc                                                                         | SNPS 4.85 04/01/30                                              | CUSIP: 871607AC1<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   1136000 | NS      | $1151756.25   | 0.24%             | 2030-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 5.125 02/15/30                                               | CUSIP: 718172DA4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1115000 | NS      | $1147141.13   | 0.24%             | 2030-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 4.875 02/13/29                                               | CUSIP: 718172DG1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    899000 | NS      | $914861.94    | 0.19%             | 2029-02-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                | Targa Resources Corp. 0% CP 01/07/2025                          | CUSIP: 87613EU11<br>LEI: 5493003QENHHS261UR94 | Long             | STIV             | CORP              | US        |   3491000 | NS      | $3491000.00   | 0.74%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                               | TFC V6.047 06/08/27 MTN                                         | CUSIP: 89788MAN2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2499000 | NS      | $2532573.75   | 0.54%             | 2027-06-08      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-4                                                    | VERUS 2024-4 A1                                                 | CUSIP: 92540GAA6<br>LEI: 213800WNY873LW1L3M73 | Long             | ABS-O            | CORP              | US        |    463449 | NS      | $468443.72    | 0.10%             | 2069-06-25      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 5.05 12/30/26 144A                                          | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1205000 | NS      | $1210891.25   | 0.26%             | 2026-12-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| VOYA CLO 2019-3 LTD                                                                  | VOYA 2019-3A AR                                                 | CUSIP: 92918FAF1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    489023 | NS      | $490084.66    | 0.10%             | 2032-10-18      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| WF-RBS Commercial Mortgage Trust                                                     | WFRBS 2013-C11 C                                                | CUSIP: 92937EAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    488000 | NS      | $465329.28    | 0.10%             | 2045-03-17      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                                                                          | WMT 4.35 04/28/30                                               | CUSIP: 931142FN8<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    438000 | NS      | $443015.13    | 0.09%             | 2030-04-28      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| WISE CLO LTD 2024-2                                                                  | WYZE 2024-2A A                                                  | CUSIP: 97718GAA1<br>LEI: 254900UJ1RZE30CBZ497 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | NS      | $400744.81    | 0.08%             | 2037-07-15      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline L.P.                                                    | Plains All American Pipeline L.P. 0% CP 07/07/2025              | CUSIP: 72650WU74<br>LEI: 5521FA2ITF25TVH63740 | Long             | STIV             | CORP              | US        |   1054000 | NS      | $1053195.38   | 0.22%             | 2025-07-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corporation                                                            | RRX 6.05 04/15/28                                               | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    677000 | NS      | $697637.13    | 0.15%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Workday Inc                                                                          | WDAY 3.5 04/01/27                                               | CUSIP: 98138HAG6<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |    880000 | NS      | $868611.75    | 0.18%             | 2027-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Republic Services, Inc.                                                              | RSG 0.875 11/15/25                                              | CUSIP: 760759AY6<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |   1411000 | NS      | $1391736.13   | 0.29%             | 2025-11-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: —       |
| Republic Services, Inc.                                                              | RSG 5 11/15/29                                                  | CUSIP: 760759BJ8<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    203000 | NS      | $208735.45    | 0.04%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                            | RTX Corp. 0% CP 15/07/2025                                      | CUSIP: 78109FUF7<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | STIV             | CORP              | US        |   1660000 | NS      | $1657000.63   | 0.35%             | 2025-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                            | RTX Corp. 0% CP 18/07/2025                                      | CUSIP: 78109FUJ9<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | STIV             | CORP              | US        |   1236000 | NS      | $1233292.38   | 0.26%             | 2025-07-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sovereign ComlMtg                                                                    | SGCMS 2016-C5 A4                                                | CUSIP: 78419CAD6<br>LEI: 549300SZQW4U3UN4A157 | Long             | ABS-O            | CORP              | US        |    513000 | NS      | $501495.66    | 0.11%             | 2048-10-13      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| Smbc Aviation Capital Finance                                                        | SMBCAC 5.3 04/03/29 144A                                        | CUSIP: 78448TAL6<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |   1152000 | NS      | $1175223.69   | 0.25%             | 2029-04-03      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Santander Holdings USA Inc.                                                          | SANUSA V2.49 01/06/28                                           | CUSIP: 80282KBC9<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   1340000 | NS      | $1297148.38   | 0.27%             | 2028-01-06      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST                                               | SDART 2021-2 D                                                  | CUSIP: 80286XAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     89290 | NS      | $89164.68     | 0.02%             | 2027-07-15      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-4                                        | SDART 2023-4 B                                                  | CUSIP: 802927AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | NS      | $557174.25    | 0.12%             | 2028-12-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                               | Sempra 0% CP 08/07/2025                                         | CUSIP: 81686MU83<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | STIV             | CORP              | US        |   1720000 | NS      | $1718454.00   | 0.36%             | 2025-07-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUND POINT CLO XXVI LTD                                                             | SNDPT 2020-1A AR                                                | CUSIP: 83614XAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | NS      | $500278.01    | 0.11%             | 2034-07-20      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| SOUND POINT CLO XXXII LTD                                                            | SNDPT 2021-4A A                                                 | CUSIP: 83616AAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | NS      | $501093.00    | 0.11%             | 2034-10-25      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Southern Co.                                                                         | SO 5.5 03/15/29                                                 | CUSIP: 842587DS3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    553000 | NS      | $575687.69    | 0.12%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                  | SPST 2025-1 A                                                   | CUSIP: 85772UAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1969000 | NS      | $1969000.00   | 0.42%             | 2026-07-23      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Station Place Securitization Trust Series 2024-5                                     | SPST 2024-5 A                                                   | CUSIP: 85778YAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1450000 | NS      | $1450215.50   | 0.31%             | 2025-08-04      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| STATION PLACE SEC TR 2024-10                                                         | CMO FLOAT SER.2024-10 CL.A                                      | CUSIP: 85779PAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | NS      | $1000312.88   | 0.21%             | 2025-10-27      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Symphony CLO XXIII LTD/LLC                                                           | SYMP 2020-23A AR2                                               | CUSIP: 87167NDL6<br>LEI: 54930001DQI1CFLYVB48 | Long             | ABS-CBDO         | CORP              | KY        |    930426 | NS      | $929057.00    | 0.20%             | 2034-01-17      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Symphony CLO XXXII LTD/LLC                                                           | SYMP 2022-32A A1                                                | CUSIP: 87168NAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | NS      | $250030.00    | 0.05%             | 2035-04-23      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Tapestry Inc                                                                         | TPR 5.1 03/11/30                                                | CUSIP: 876030AK3<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |    449000 | NS      | $454841.66    | 0.10%             | 2030-03-11      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Toll Brothers Finance Corp.                                                          | TOL 3.8 11/01/29                                                | CUSIP: 88947EAU4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    583000 | NS      | $565749.25    | 0.12%             | 2029-11-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: —       |
| TOORAK MORTGAGE CORP                                                                 | TRK 2025-RRTL1 A1                                               | CUSIP: 89053JAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260000 | NS      | $260030.70    | 0.05%             | 2040-02-25      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                                            | TD 5.532 07/17/26 MTN                                           | CUSIP: 89115A2S0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1648000 | NS      | $1668291.38   | 0.35%             | 2026-07-17      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES 2023-B OWNE                                                  | TAOT 2023-B A3                                                  | CUSIP: 891941AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    268605 | NS      | $269093.78    | 0.06%             | 2028-02-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                                        | UBSCM 2017-C7 A4                                                | CUSIP: 90276WAS6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1270000 | NS      | $1244850.88   | 0.26%             | 2050-12-16      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| UDR Inc                                                                              | UDR Inc 0% CP 23/07/2025                                        | CUSIP: 90352PUP2<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | STIV             | CORP              | US        |   2295000 | NS      | $2288543.50   | 0.48%             | 2025-07-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Vertiv Group Corp.                                                                   | VRT 4.125 11/15/28 144A                                         | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |    796000 | NS      | $776088.56    | 0.16%             | 2028-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST                                                           | VERUS 2021-2 A3                                                 | CUSIP: 92538FAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    435545 | NS      | $389660.34    | 0.08%             | 2066-02-25      | Variable      | 1.54%                 | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                                                  | VICI 4.5 09/01/26 144A                                          | CUSIP: 92564RAH8<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |    698000 | NS      | $696078.25    | 0.15%             | 2026-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Victory Receivables Corporation                                                      | Victory Receivables Corporation 0% CP 05/08/2025                | CUSIP: 92646KV58<br>LEI: 549300D0F37QF0LP7F94 | Long             | ABS-APCP         | CORP              | US        |   2000000 | NS      | $1991150.63   | 0.42%             | 2025-08-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2016-C33                                       | WFCM 2016-C33 B                                                 | CUSIP: 95000LBE2<br>LEI: 549300JPCJUA5JJLRW54 | Long             | ABS-O            | CORP              | US        |   1049000 | NS      | $1029945.44   | 0.22%             | 2059-03-17      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| Willis North America Inc.                                                            | WTW 4.65 06/15/27                                               | CUSIP: 970648AL5<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |   1650000 | NS      | $1659016.25   | 0.35%             | 2027-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| WISE CLO LTD 2023-2                                                                  | WYZE 2023-2A A                                                  | CUSIP: 97719TAA2<br>LEI: 2549000Z4RGK1HNAPB35 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | NS      | $501635.00    | 0.11%             | 2037-01-15      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| WORLD OMNI SELECT AUTO TRUST                                                         | WOSAT 2021-A D                                                  | CUSIP: 98163HAF6<br>LEI: 5493001ZFJU3487OFZ50 | Long             | ABS-O            | CORP              | US        |    500000 | NS      | $494860.50    | 0.10%             | 2027-11-15      | Fixed         | 1.44%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2024-9                                                      | AOMT 2024-9 A1                                                  | CUSIP: 03466JAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    292315 | NS      | $290761.44    | 0.06%             | 2069-09-25      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| Atlantic Asset Securitization LLC                                                    | Atlantic Asset Securitization LLC 0% CP 11/09/2025              | CUSIP: 04821TWB7<br>LEI: 549300BUNY5BIX4CVW20 | Long             | ABS-APCP         | CORP              | US        |   1508000 | NS      | $1494357.38   | 0.32%             | 2025-09-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Atlassian Corporation                                                                | TEAM 5.25 05/15/29                                              | CUSIP: 049468AA9<br>LEI: 549300V7ZY5P02D2MY38 | Long             | DBT              | CORP              | US        |    306000 | NS      | $314198.38    | 0.07%             | 2029-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                                           | ACGCAP 5.375 07/15/29 144A                                      | CUSIP: 05369AAQ4<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    494000 | NS      | $503068.22    | 0.11%             | 2029-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                                                    | BK V4.729 04/20/29                                              | CUSIP: 06405LAH4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    440000 | NS      | $446216.09    | 0.09%             | 2029-04-20      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Bell Canada                                                                          | Bell Canada 0% CP 02/07/2025                                    | CUSIP: 07787PU22<br>LEI: 5493000G3EFX9S7TDE29 | Long             | STIV             | CORP              | CA        |   1236000 | NS      | $1235843.50   | 0.26%             | 2025-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Boardwalk Pipelines LP                                                               | BWP 5.95 06/01/26                                               | CUSIP: 096630AE8<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |   1063000 | NS      | $1071856.13   | 0.23%             | 2026-06-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2023-NQM8                                            | BRAVO 2023-NQM8 A1                                              | CUSIP: 10567MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    321063 | NS      | $323846.94    | 0.07%             | 2063-10-25      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| CABOT CORP                                                                           | COMMERCIAL PAPER                                                | CUSIP: 12705WU18<br>LEI: K05C0SER542GQ6VLRO68 | Long             | DBT              | UST               | US        |   1437000 | NS      | $1437000.00   | 0.30%             | 2025-07-01      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                                 | CCL 4 08/01/28 144A                                             | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1648000 | NS      | $1612980.00   | 0.34%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| A&D MORTGAGE TRUST 2023-NQM4                                                         | ADMT 2023-NQM4 A1                                               | CUSIP: 00002MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1642780 | NS      | $1669425.40   | 0.35%             | 2068-09-25      | Variable      | 7.47%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                                | ATH 1.73 10/02/26 144A                                          | CUSIP: 04685A3D1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   3690000 | NS      | $3561922.50   | 0.75%             | 2026-10-02      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| AvalonBay Communities, Inc.                                                          | AvalonBay Communities, Inc. 0% CP 08/07/2025                    | CUSIP: 05348AU88<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | STIV             | CORP              | US        |   1877000 | NS      | $1875327.38   | 0.40%             | 2025-07-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                                                   | BBVASM 5.381 03/13/29                                           | CUSIP: 05946KAQ4<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   1200000 | NS      | $1235792.50   | 0.26%             | 2029-03-13      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Berry Global Inc                                                                     | BERY 5.5 04/15/28                                               | CUSIP: 08576PAL5<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    101000 | NS      | $103615.38    | 0.02%             | 2028-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CSAIL 2017-C8 Commercial Mortgage Trust                                              | CSAIL 2015-C2 B                                                 | CUSIP: 12634NAY4<br>LEI: 549300D5DIOOMKWXVZ20 | Long             | ABS-O            | CORP              | US        |    454000 | NS      | $437796.75    | 0.09%             | 2057-06-15      | Variable      | 3.51%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST 2025-2                                                       | CARMX 2025-2 A2A                                                | CUSIP: 14320AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1315000 | NS      | $1319341.75   | 0.28%             | 2028-07-15      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2022-R03                                         | CAS 2022-R03 1M2                                                | CUSIP: 20753XAB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     35000 | NS      | $36361.85     | 0.01%             | 2042-03-25      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                     | Duke Energy Corp 0% CP 01/07/2025                               | CUSIP: 26244HU19<br>LEI: I1BZKREC126H0VB1BL91 | Long             | STIV             | CORP              | US        |   1765000 | NS      | $1765000.00   | 0.37%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FMC Corp.                                                                            | FMC Corp. 0% CP 01/07/2025                                      | CUSIP: 34410WU18<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | STIV             | CORP              | US        |   1430000 | NS      | $1430000.00   | 0.30%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2021-DNA5 M2                                              | CUSIP: 35564KHE2<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |      5392 | NS      | $5415.97      | 0.00%             | 2034-01-25      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2022-DNA2 M1A                                             | CUSIP: 35564KRE1<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |      3291 | NS      | $3293.54      | 0.00%             | 2042-02-25      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2022-DNA5 M1A                                             | CUSIP: 35564KYN3<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   1989654 | NS      | $2034325.50   | 0.43%             | 2042-06-25      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2025-DNA1 A1                                              | CUSIP: 35564NFY4<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    902100 | NS      | $900692.73    | 0.19%             | 2045-01-25      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2024-1                            | GMCAR 2024-1 A3                                                 | CUSIP: 36268GAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    587000 | NS      | $589933.31    | 0.12%             | 2028-12-18      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Illumina Inc                                                                         | ILMN 4.65 09/09/26                                              | CUSIP: 452327AQ2<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |   1073000 | NS      | $1074275.18   | 0.23%             | 2026-09-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V4.994 04/12/29 .                                            | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    569000 | NS      | $577277.44    | 0.12%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                                                               | MSI 2.3 11/15/30                                                | CUSIP: 620076BT5<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    390000 | NS      | $346201.03    | 0.07%             | 2030-11-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma PLC                                                                   | RPRX 5.15 09/02/29                                              | CUSIP: 78081BAQ6<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    825000 | NS      | $841881.25    | 0.18%             | 2029-09-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2023-INV3                                                 | VERUS 2023-INV3 A1                                              | CUSIP: 92540CAA5<br>LEI: 9845008F97BFO762AF95 | Long             | ABS-O            | CORP              | US        |   1637664 | NS      | $1661023.00   | 0.35%             | 2068-11-25      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| VMware LLC                                                                           | VMW 1.4 08/15/26                                                | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   1294000 | NS      | $1251532.88   | 0.26%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C F 06/09/27                                                    | CUSIP: 172967MZ1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2069000 | NS      | $2070446.50   | 0.44%             | 2027-06-09      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                                       | C 4.914 05/29/30 .                                              | CUSIP: 17325FBP2<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   1180000 | NS      | $1202654.75   | 0.25%             | 2030-05-29      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2022-R02                                         | CAS 2022-R02 2M2                                                | CUSIP: 20754BAB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1220000 | NS      | $1247823.38   | 0.26%             | 2042-01-27      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2022-R01                                         | CAS 2022-R01 1M2                                                | CUSIP: 20754LAB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1750000 | NS      | $1764142.75   | 0.37%             | 2041-12-26      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2025-R03                                         | CAS 2025-R02 1M1                                                | CUSIP: 20754TAC6<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    565240 | NS      | $565593.03    | 0.12%             | 2045-02-27      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2023-R02                                         | CAS 2023-R02 1M1                                                | CUSIP: 20755AAB8<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    209698 | NS      | $214012.52    | 0.05%             | 2043-01-26      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| ELMWOOD CLO 27 LTD                                                                   | ELM27 2024-3A A                                                 | CUSIP: 29003FAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | NS      | $802621.63    | 0.17%             | 2037-04-20      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET 5.25 07/01/29                                                | CUSIP: 29273VAZ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     16000 | NS      | $16391.84     | 0.00%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | Energy Transfer LP 0% CP 01/07/2025                             | CUSIP: 29277EU10<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | STIV             | CORP              | US        |   1540000 | NS      | $1540000.00   | 0.33%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| F&G Annuities & Life Inc.                                                            | FG 6.5 06/04/29                                                 | CUSIP: 30190AAF1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    343000 | NS      | $353659.84    | 0.07%             | 2029-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2024-A                                                  | FORDO 2024-A A3                                                 | CUSIP: 34535EAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2100000 | NS      | $2120492.75   | 0.45%             | 2028-12-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2022-HQA2 M1A                                             | CUSIP: 35564KB24<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |      5232 | NS      | $5345.28      | 0.00%             | 2042-07-25      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2021-DNA6 M2                                              | CUSIP: 35564KKY4<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |     98293 | NS      | $98664.57     | 0.02%             | 2041-10-25      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2021-DNA7 M2                                              | CUSIP: 35564KMH9<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   1242000 | NS      | $1250871.49   | 0.26%             | 2041-11-25      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Georgia-Pacific LLC                                                                  | GP 4.4 06/30/28 144A                                            | CUSIP: 37331NAR2<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    314000 | NS      | $315575.50    | 0.07%             | 2028-06-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 6.125 10/06/28 144A                                      | CUSIP: 378272BN7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    706000 | NS      | $738717.13    | 0.16%             | 2028-10-06      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 3.125 03/15/27                                              | CUSIP: 404119CH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1653000 | NS      | $1618488.25   | 0.34%             | 2027-03-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corporation                                                             | H 5.05 03/30/28                                                 | CUSIP: 448579AU6<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    574000 | NS      | $580245.88    | 0.12%             | 2028-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ICON Investments Six DAC                                                             | ICLR 5.809 05/08/27                                             | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |    275000 | NS      | $280748.06    | 0.06%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                                       | INTNED V6.083 09/11/27                                          | CUSIP: 456837BF9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1130000 | NS      | $1150757.25   | 0.24%             | 2027-09-11      | Fixed         | 6.08%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                                                        | Intercontinental Exchange Inc 0% CP 02/07/2025                  | CUSIP: 45856WU23<br>LEI: 5493000F4ZO33MV32P92 | Long             | STIV             | CORP              | US        |   1062000 | NS      | $1061864.00   | 0.22%             | 2025-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| International Flavors & Fragrances Inc.                                              | IFF 1.23 10/01/25 144A                                          | CUSIP: 459506AN1<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |    567000 | NS      | $561502.19    | 0.12%             | 2025-10-01      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc                              | JBSSBZ 3 02/02/29                                               | CUSIP: 46590XAN6<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |   1395000 | NS      | $1325295.00   | 0.28%             | 2029-02-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST                                           | JPMBB 2014-C23 C                                                | CUSIP: 46643ABL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    709824 | NS      | $646459.72    | 0.14%             | 2047-09-17      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| Kellanova                                                                            | K 7.45 04/01/31 B                                               | CUSIP: 487836AT5<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | DBT              | CORP              | US        |     71000 | NS      | $81348.34     | 0.02%             | 2031-04-01      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                    | LPLA 6.75 11/17/28                                              | CUSIP: 50212YAH7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    323000 | NS      | $344480.09    | 0.07%             | 2028-11-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Las Vegas Sands Corp                                                                 | LVS 3.5 08/18/26                                                | CUSIP: 517834AE7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    578000 | NS      | $570178.75    | 0.12%             | 2026-08-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Macquarie Airfinance Holdings Ltd                                                    | MCAIRH 5.15 03/17/30 144A                                       | CUSIP: 55609NAE8<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    254000 | NS      | $253829.31    | 0.05%             | 2030-03-17      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings Inc.                                                            | WBD 3.755 03/15/27                                              | CUSIP: 55903VBA0<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    315000 | NS      | $293173.88    | 0.06%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                            | MARS 4.8 03/01/30 144A                                          | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    665000 | NS      | $673777.94    | 0.14%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Marvell Technology Inc                                                               | MRVL 1.65 04/15/26                                              | CUSIP: 573874AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1138000 | NS      | $1112072.63   | 0.24%             | 2026-04-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS 3.95 04/23/27                                                | CUSIP: 61761JZN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3489000 | NS      | $3467083.75   | 0.73%             | 2027-04-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                                        | NFLX 5.375 11/15/29 144A                                        | CUSIP: 64110LAU0<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |   3080000 | NS      | $3217620.00   | 0.68%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc.                                                             | O'Reilly Automotive Inc. 0% CP 07/07/2025                       | CUSIP: 67117GU76<br>LEI: 549300K2RLMQL149Q332 | Long             | STIV             | CORP              | US        |   1970000 | NS      | $1968475.69   | 0.42%             | 2025-07-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM2 TRUST                                                                  | OBX 2024-NQM2 A1                                                | CUSIP: 67118HAA8<br>LEI: 254900OHTVKDKZL33I54 | Long             | ABS-O            | CORP              | US        |    887260 | NS      | $891289.31    | 0.19%             | 2063-12-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 2.65 07/15/26                                              | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    263000 | NS      | $258258.17    | 0.05%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| PVH Corp.                                                                            | PVH 5.5 06/13/30                                                | CUSIP: 693656AE0<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | DBT              | CORP              | US        |    451000 | NS      | $454228.66    | 0.10%             | 2030-06-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 6.1 01/15/29                                                | CUSIP: 694308KL0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    218000 | NS      | $225859.80    | 0.05%             | 2029-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP / PTL Finance Corp.                                       | Penske Truck Leasing Co LP / PTL Finance Corp. 0% CP 09/07/2025 | CUSIP: 70962AU95<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |   2980000 | NS      | $2976925.38   | 0.63%             | 2025-07-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP / PTL Finance Corp.                                       | Penske Truck Leasing Co LP / PTL Finance Corp. 0% CP 14/07/2025 | CUSIP: 70962AUE4<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |   1336000 | NS      | $1333776.50   | 0.28%             | 2025-07-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 4.625 11/01/29                                               | CUSIP: 718172DN6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    814000 | NS      | $821592.25    | 0.17%             | 2029-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Protective Life Corp.                                                                | Protective Life Corp. 0% CP 01/07/2025                          | CUSIP: 74367WU17<br>LEI: 549300ZWIT8J8Y2EXL07 | Long             | STIV             | CORP              | US        |   1015000 | NS      | $1015000.00   | 0.21%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                 | RY 5.2 08/01/28 GMTN                                            | CUSIP: 78016HZS2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   2499000 | NS      | $2570749.50   | 0.54%             | 2028-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SAND TRUST                                                                           | SAND 2024-1A A1                                                 | CUSIP: 799928AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | NS      | $501609.50    | 0.11%             | 2037-04-27      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST                                               | SDART 2021-4 D                                                  | CUSIP: 80285VAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    978643 | NS      | $969179.79    | 0.20%             | 2027-10-15      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| The Sherwin-Williams Company                                                         | The Sherwin-Williams Company 0% CP 28/07/2025                   | CUSIP: 82434TUU2<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | STIV             | CORP              | US        |   1400000 | NS      | $1394908.50   | 0.30%             | 2025-07-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Bow USA Infrastructure Holdings LLC                                            | SOBOCN 5.026 10/01/29 144A                                      | CUSIP: 83007CAC6<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    223000 | NS      | $223719.38    | 0.05%             | 2029-10-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Block Inc                                                                            | XYZ 2.75 06/01/26                                               | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    902000 | NS      | $883087.75    | 0.19%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                                                    | VENTGL 6.25 01/15/30 144A                                       | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    877000 | NS      | $904515.88    | 0.19%             | 2030-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Vulcan Materials Company                                                             | Vulcan Materials Company 0% CP 10/07/2025                       | CUSIP: 92919TUA9<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | STIV             | CORP              | US        |   1818000 | NS      | $1815890.25   | 0.38%             | 2025-07-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Vulcan Materials Company                                                             | Vulcan Materials Company 0% CP 15/07/2025                       | CUSIP: 92919TUF8<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | STIV             | CORP              | US        |    582000 | NS      | $580965.00    | 0.12%             | 2025-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V4.808 07/25/28 MTN                                         | CUSIP: 95000U3A9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    849000 | NS      | $856157.00    | 0.18%             | 2028-07-25      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRU                                                  | WFCM 2025-5C3 XA                                                | CUSIP: 95004JAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6244565 | NS      | $207934.02    | 0.04%             | 2058-01-17      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| ABN AMRO Bank N.V.                                                                   | ABNANV V6.339 09/18/27 144A                                     | CUSIP: 00084DBA7<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   1150000 | NS      | $1175043.75   | 0.25%             | 2027-09-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                            | AER 6.1 01/15/27                                                | CUSIP: 00774MBD6<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |   1157000 | NS      | $1182675.75   | 0.25%             | 2027-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Aegon Funding Company LLC                                                            | AEGON 5.5 04/16/27 144A                                         | CUSIP: 00775VAA2<br>LEI: KEIOKM01PSK5VZ5CCI74 | Long             | DBT              | CORP              | US        |    665000 | NS      | $673077.75    | 0.14%             | 2027-04-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| Alimentation Couche-Tard Inc.                                                        | Alimentation Couche-Tard Inc. 0% CP 09/07/2025                  | CUSIP: 01626UU94<br>LEI: 549300OSW32RVX8CCZ87 | Long             | STIV             | CORP              | CA        |   1825000 | NS      | $1823118.88   | 0.39%             | 2025-07-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Allegro CLO XII Ltd.                                                                 | ALLEG 2020-1A A1R                                               | CUSIP: 01750TAN6<br>LEI: 254900E0ZQX4DLP7HF87 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | NS      | $250725.00    | 0.05%             | 2037-07-20      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co, Inc.                                                     | AEP 1 11/01/25 N                                                | CUSIP: 025537AR2<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1987000 | NS      | $1962526.76   | 0.42%             | 2025-11-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                             | AXP V5.098 02/16/28                                             | CUSIP: 025816DP1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    841000 | NS      | $850524.19    | 0.18%             | 2028-02-16      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2023-2                                      | AMCAR 2023-2 C                                                  | CUSIP: 03065UAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | NS      | $565095.69    | 0.12%             | 2029-07-18      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| APIDOS CLO XXXIV                                                                     | APID 2020-34A A1R                                               | CUSIP: 03768WAL9<br>LEI: 5493001VH1Y9SEPJKZ47 | Long             | ABS-CBDO         | CORP              | KY        |   1160000 | NS      | $1162212.13   | 0.25%             | 2035-01-22      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Gallagher Aj &Co                                                                     | AJG 4.85 12/15/29                                               | CUSIP: 04316JAL3<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    865000 | NS      | $877711.11    | 0.19%             | 2029-12-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                                                      | BALN 5.125 03/26/29 144A                                        | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   1365000 | NS      | $1399105.84   | 0.30%             | 2029-03-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO 2022-2 LTD                                                   | BCC 2022-2A A1                                                  | CUSIP: 05682GAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    700000 | NS      | $700000.00    | 0.15%             | 2035-04-23      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| BDS 2021-FL10 LTD                                                                    | BDS 2021-FL10 A                                                 | CUSIP: 07335YAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    653707 | NS      | $653680.06    | 0.14%             | 2036-12-18      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                                                             | BMARK 2020-B22 XA                                               | CUSIP: 08163BBF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4001156 | NS      | $262949.16    | 0.06%             | 2054-01-16      | Variable      | 1.62%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2023-NQM4                                            | BRAVO 2023-NQM4 A1                                              | CUSIP: 10569YAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    156688 | NS      | $157485.13    | 0.03%             | 2063-05-25      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                     | PARA 4.2 06/01/29                                               | CUSIP: 124857AZ6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    186000 | NS      | $180950.72    | 0.04%             | 2029-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Cifc Funding 2020-I LTD / LLC                                                        | CIFC 2020-1A A1R                                                | CUSIP: 12555QAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1370000 | NS      | $1371375.50   | 0.29%             | 2036-07-15      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| First Citizens Bank & Trust Company                                                  | FCNCA 6.125 03/09/28                                            | CUSIP: 125581GX0<br>LEI: N8O96ZZJQRFYQUJY7K79 | Long             | DBT              | CORP              | US        |    829000 | NS      | $859984.88    | 0.18%             | 2028-03-09      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CRH America Finance, Inc.                                                            | CRH America Finance, Inc. 0% CP 06/08/2025                      | CUSIP: 12636CV64<br>LEI: 549300WEVUODRJ4CWK56 | Long             | STIV             | CORP              | US        |   1450000 | NS      | $1443286.25   | 0.31%             | 2025-08-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                                 | CCL 5.75 03/15/30 144A                                          | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     62000 | NS      | $63049.04     | 0.01%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CATHEDRAL LAK LTD 2021-8                                                             | CATLK 2021-8A A1                                                | CUSIP: 14919GAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1540000 | NS      | $1540565.13   | 0.33%             | 2035-01-22      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings Llc                                                             | CE 6.415 07/15/27                                               | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    263000 | NS      | $272358.53    | 0.06%             | 2027-07-15      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2021-R03                                         | CAS 2021-R03 1M2                                                | CUSIP: 20754AAB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1015000 | NS      | $1021029.13   | 0.22%             | 2041-12-26      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2025-R03                                         | CAS 2025-R03 2A1                                                | CUSIP: 20754VAA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    703507 | NS      | $707768.50    | 0.15%             | 2045-03-27      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2025-R01                                         | CAS 2025-R01 1M1                                                | CUSIP: 20755JAB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    276342 | NS      | $276515.81    | 0.06%             | 2045-01-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2025-R04                                         | CAS 2025-R04 1A1                                                | CUSIP: 20755TAA9<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    416204 | NS      | $416343.56    | 0.09%             | 2045-05-25      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| UBS AG New York Branch                                                               | UBS 7.5 02/15/28                                                | CUSIP: 22550L2M2<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |   2801000 | NS      | $3021614.50   | 0.64%             | 2028-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                    | CCI 4.9 09/01/29                                                | CUSIP: 22822VBF7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1052000 | NS      | $1061465.63   | 0.22%             | 2029-09-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                                  | D 2.85 08/15/26 D                                               | CUSIP: 25746UCK3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1248000 | NS      | $1226600.50   | 0.26%             | 2026-08-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                     | Duke Energy Corp 0% CP 07/07/2025                               | CUSIP: 26244HU76<br>LEI: I1BZKREC126H0VB1BL91 | Long             | STIV             | CORP              | US        |   1740000 | NS      | $1738674.63   | 0.37%             | 2025-07-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                                                        | EQIX 2.9 11/18/26                                               | CUSIP: 29444UBD7<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |   1200000 | NS      | $1175901.13   | 0.25%             | 2026-11-18      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                                                        | EQIX 1 09/15/25                                                 | CUSIP: 29444UBK1<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    898000 | NS      | $890886.00    | 0.19%             | 2025-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                                                    | ES 5.45 03/01/28                                                | CUSIP: 30040WAT5<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    499000 | NS      | $511870.06    | 0.11%             | 2028-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | CAS 2016-C07 2M2                                                | CUSIP: 30711XEC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    305806 | NS      | $315579.97    | 0.07%             | 2029-05-25      | Floating      | 8.79%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BS9301                                                       | CUSIP: 3140LLKP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    313000 | NS      | $318099.69    | 0.07%             | 2028-08-01      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services Inc                                           | Fidelity National Information Services Inc 0% CP 17/07/2025     | CUSIP: 31621YUH0<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | STIV             | CORP              | US        |   1807000 | NS      | $1803287.25   | 0.38%             | 2025-07-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                  | FITB V6.339 07/27/29                                            | CUSIP: 316773DK3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    816000 | NS      | $859493.63    | 0.18%             | 2029-07-27      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                  | FITB V4.895 09/06/30                                            | CUSIP: 316773DM9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |     12000 | NS      | $12133.11     | 0.00%             | 2030-09-06      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2022-HQA3 M1A                                             | CUSIP: 35564KE39<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |     20794 | NS      | $21174.34     | 0.00%             | 2042-08-25      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2021-HQA4 M1                                              | CUSIP: 35564KNK1<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |     19302 | NS      | $19265.91     | 0.00%             | 2041-12-26      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                        | STACR 2022-DNA3 M1B                                             | CUSIP: 35564KUX5<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |     17000 | NS      | $17510.00     | 0.00%             | 2042-04-25      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2020-Pj2                                         | GSMBS 2024-RPL2 A1                                              | CUSIP: 36269MAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1921396 | NS      | $1870698.88   | 0.40%             | 2061-07-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Gartner Inc.                                                                         | IT 4.5 07/01/28 144A                                            | CUSIP: 366651AC1<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |   2485000 | NS      | $2459094.63   | 0.52%             | 2028-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                                                 | GM 1.5 06/10/26                                                 | CUSIP: 37045XDK9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1656000 | NS      | $1607578.38   | 0.34%             | 2026-06-10      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Gotham Funding Corp.                                                                 | Gotham Funding Corp. 0% CP 04/08/2025                           | CUSIP: 38346LV45<br>LEI: 549300Z2ZR7VTUMRPR17 | Long             | ABS-APCP         | CORP              | US        |   2800000 | NS      | $2788152.25   | 0.59%             | 2025-08-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Halseypoint Clo 4 Ltd / Llc                                                          | HLSY 2021-4A A                                                  | CUSIP: 40637LAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | NS      | $801040.00    | 0.17%             | 2034-04-20      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                                                       | HPE 4.55 10/15/29                                               | CUSIP: 42824CBT5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1922000 | NS      | $1912386.06   | 0.40%             | 2029-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corporation                                                             | H 5.75 01/30/27                                                 | CUSIP: 448579AQ5<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   1236000 | NS      | $1261444.50   | 0.27%             | 2027-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                              | HYNMTR 5.3 01/08/29 144A                                        | CUSIP: 44891ACU9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1438000 | NS      | $1461044.38   | 0.31%             | 2029-01-08      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.04 01/23/28                                              | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1649000 | NS      | $1664721.63   | 0.35%             | 2028-01-23      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST 2024-VIS                                                  | JPMMT 2024-VIS2 A1                                              | CUSIP: 46658DAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    332927 | NS      | $334981.63    | 0.07%             | 2064-11-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                             | LLOYDS V4.818 06/13/29                                          | CUSIP: 539439BD0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1076000 | NS      | $1085696.88   | 0.23%             | 2029-06-13      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Mid-America Apartments, L.P.                                                         | Mid-America Apartments, L.P. 0% CP 03/07/2025                   | CUSIP: 59524NU34<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | STIV             | CORP              | US        |    978000 | NS      | $977750.56    | 0.21%             | 2025-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.05 01/28/27                                               | CUSIP: 61747YEZ4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1649000 | NS      | $1654007.88   | 0.35%             | 2027-01-28      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                     | NRG 2 12/02/25 144A                                             | CUSIP: 629377CN0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1714000 | NS      | $1688991.38   | 0.36%             | 2025-12-02      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd 2021-1                                                               | OAKCL 2021-1A A1R                                               | CUSIP: 67402JAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    429000 | NS      | $429477.91    | 0.09%             | 2038-01-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| ONEMAIN DIRECT AUTO RECEIVABLES TRUST                                                | ODART 2021-1A D                                                 | CUSIP: 682687AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1150000 | NS      | $1130993.00   | 0.24%             | 2030-11-14      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) plc                                                          | RIOLN 4.875 03/14/30                                            | CUSIP: 76720AAS5<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    429000 | NS      | $437203.88    | 0.09%             | 2030-03-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Rogers Communications Inc.                                                           | RCICN 5 02/15/29                                                | CUSIP: 775109DE8<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   1159000 | NS      | $1175418.75   | 0.25%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Group                                                                | RCL 5.5 08/31/26 144A                                           | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    400000 | NS      | $401415.59    | 0.08%             | 2026-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-3                                        | SDART 2023-3 B                                                  | CUSIP: 80285XAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | NS      | $552902.81    | 0.12%             | 2028-07-17      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Servicenow Inc                                                                       | NOW 1.4 09/01/30                                                | CUSIP: 81762PAE2<br>LEI: 549300HJTQM36M0E1G39 | Long             | DBT              | CORP              | US        |   1046000 | NS      | $906550.63    | 0.19%             | 2030-09-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| SIGNAL PK CLO LTD 2017-4R                                                            | SPEAK 2018-5A A1R                                               | CUSIP: 82666VAA2<br>LEI: 635400SMPSPMTZRZQF40 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | NS      | $501505.00    | 0.11%             | 2037-04-27      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 2.25 02/15/26                                              | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1653000 | NS      | $1627380.38   | 0.34%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Toll Brothers Finance Corp.                                                          | TOL 4.35 02/15/28                                               | CUSIP: 88947EAT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | NS      | $79573.68     | 0.02%             | 2028-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: —       |
| Ubs Commercial Mortgage Trust 2019-C17                                               | UBSCM 2019-C17 XA                                               | CUSIP: 90278MBB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10523079 | NS      | $512305.59    | 0.11%             | 2052-10-18      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.875 05/31/27                                                | CUSIP: 91282CNE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  28500000 | NS      | $28566796.00  | 6.04%             | 2027-05-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-3                                                    | VERUS 2024-3 A1                                                 | CUSIP: 92540MAA3<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-O            | CORP              | US        |    367888 | NS      | $371903.45    | 0.08%             | 2069-04-25      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                                                  | VICI 3.75 02/15/27 144A                                         | CUSIP: 92564RAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    879000 | NS      | $865527.70    | 0.18%             | 2027-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN AUTO LOAN ENHANCED TRUST                                                  | VALET 2025-1 A2A                                                | CUSIP: 92868MAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1390000 | NS      | $1390681.63   | 0.29%             | 2028-01-20      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-20

**Name of Applicant:** EMPOWER FUNDS, INC.

**Signature:** /s/Kelly New

**Name of Signer:** Kelly New

**Title:** Treasurer, Empower Funds, Inc.