# EDGAR Filing Document

**Accession Number:** 0000751173
**File Stem:** 0001752724-25-202670
**Filing Date:** 2025-8
**Character Count:** 87250
**Document Hash:** f17d9967231b07027b8081a29afb9c5b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-202670.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-202670

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MANNING & NAPIER FUND, INC.
- **CENTRAL INDEX KEY:** 0000751173

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04087
- **FILM NUMBER:** 251250927

**BUSINESS ADDRESS:**
- **STREET 1:** 290 WOODCLIFF DRIVE
- **CITY:** FAIRPORT
- **STATE:** NY
- **ZIP:** 14450
- **BUSINESS PHONE:** 585-325-6880

**MAIL ADDRESS:**
- **STREET 1:** 290 WOODCLIFF DRIVE
- **CITY:** FAIRPORT
- **STATE:** NY
- **ZIP:** 14450

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANNING & NAPIER FUND, INC /NY/
- **DATE OF NAME CHANGE:** 20060929

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EXETER FUND INC /NY/
- **DATE OF NAME CHANGE:** 19980226

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANNING & NAPIER FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Unconstrained Bond Series (Series ID: S000003632)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010098 | Class S      | EXCPX           |
| C000129800 | Class I      | MNCPX           |
| C000206448 | Class W      | MUBWX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Manning & Napier Fund, Inc.

- **b. Investment Company Act file number:** 811-04087

- **c. CIK number of Registrant:** 0000751173

- **d. LEI of Registrant:** 549300B31SDCBSJSN672

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

  - **Street Address 1:** 290 Woodcliff Drive

  - **City:** Fairport

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 14450

  - **Telephone number:** 585-325-6880

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

- **a. Name of Series:** Unconstrained Bond Series

- **b. EDGAR series identifier (if any):** S000003632

- **c. LEI of Series:** 5493008PRHULZPPT8B05

**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:** $835166369.82

**Total Liabilities:** $4004983.76

**Net Assets:** $831161386.06

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 496.38926000 | **1-Year:** 16314.82422000 | **5-Year:** 107239.46199000 | **10-Year:** 47368.46448000 | **30-Year:** 451.27572000

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

- **3-Month:** 915.76877000 | **1-Year:** 14567.24315000 | **5-Year:** 33439.05673000 | **10-Year:** 10366.51089000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010098 | 0.50%                | -0.22%               | 1.15%                |
| Class ID C000206448 | 0.47%                | -0.06%               | 1.21%                |
| Class ID C000129800 | 0.43%                | -0.10%               | 1.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1523868.54              | $-757487.75                                |
| Month 2  | $283504.22               | $-3681216.75                               |
| Month 3  | $205674.49               | $4240762.24                                |

**Designated Index Information**

- **Index Name:** Unconstrained Bond Series - ExDerivatives

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SLM Student Loan Trust             | SLM Student Loan Trust 2012-7                                                   | CUSIP: 78447KAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8689497 | PA      | $8398656.88   | 1.01%             | 2026-05-26      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                   | COLT 2021-4 Mortgage Loan Trust                                                 | CUSIP: 19688GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6655930 | PA      | $5489794.24   | 0.66%             | 2066-10-25      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| Pear LLC                           | PEAR 2022-1 LLC                                                                 | CUSIP: 70472XAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1756993 | PA      | $1775498.70   | 0.21%             | 2034-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust          | Towd Point Mortgage Trust 2019-HY1                                              | CUSIP: 89177EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    593066 | PA      | $593444.24    | 0.07%             | 2048-10-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Goodgreen Trust                    | Goodgreen 2020-1 Trust                                                          | CUSIP: 38217TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2389250 | PA      | $2006883.45   | 0.24%             | 2055-04-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Trinity Rail Leasing L.P.          | Trinity Rail Leasing 2021 LLC                                                   | CUSIP: 89656GAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1679621 | PA      | $1557125.33   | 0.19%             | 2051-07-19      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| PCG LLC                            | PCG 2023-1 LLC                                                                  | CUSIP: 70461JAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2399178 | PA      | $2398905.57   | 0.29%             | 2029-07-25      | Floating      | 10.32%                | No            |                  2 | On Loan: No      |
| ALEXANDER FUND TRUST II            | Alexander Funding Trust II                                                      | CUSIP: 014916AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8250000 | PA      | $8822285.25   | 1.06%             | 2028-07-31      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC            | New Fortress Energy Inc                                                         | CUSIP: 644393AC4<br>LEI: 254900EICTYTCHA5X705 | Long             | DBT              | CORP              | US        |   4195000 | PA      | $1250679.31   | 0.15%             | 2029-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                                                | CUSIP: 3133KQDM5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6271467 | PA      | $6180473.96   | 0.74%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                                                | CUSIP: 3142GQB84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7825747 | PA      | $7729539.48   | 0.93%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONTSHIPS LOGISTICS CORP           | Contships Logistics Corp                                                        | CUSIP: 000000000<br>LEI: 5299008CWR6YALKEN578 | Long             | DBT              | CORP              | GR        |   4500000 | PA      | $4323295.48   | 0.52%             | 2030-02-11      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Gold Pool                                                           | CUSIP: 3128E5VC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    132244 | PA      | $133004.18    | 0.02%             | 2031-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BrightSpire Capital, Inc           | BRSP 2021-FL1 Ltd                                                               | CUSIP: 05591XAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1139240 | PA      | $1134231.42   | 0.14%             | 2038-08-19      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                                                 | CUSIP: 3140XM3Q7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7235511 | PA      | $7316804.18   | 0.88%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                  | Imperial Fund Mortgage Trust 2022-NQM4                                          | CUSIP: 45276NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7487636 | PA      | $7614596.64   | 0.92%             | 2067-06-25      | Variable      | 4.77%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust             | SLM Student Loan Trust 2012-1                                                   | CUSIP: 78446WAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5444679 | PA      | $5323969.47   | 0.64%             | 2028-09-25      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities      | Brean Asset Backed Securities Trust 2024-RM8                                    | CUSIP: 10637YAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3677750 | PA      | $3591594.10   | 0.43%             | 2064-05-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan      | New Residential Mortgage Loan Trust 2022-NQM2                                   | CUSIP: 64831MAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7696569 | PA      | $7039458.31   | 0.85%             | 2062-03-27      | Variable      | 3.08%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                    | SBA Tower Trust                                                                 | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6110000 | PA      | $6278499.75   | 0.76%             | 2028-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Lyra MUSIC Assets (Delaware) L     | Lyra Music Assets Delaware LP                                                   | CUSIP: 552339AA1<br>LEI: 9845007N9EAB0C048A12 | Long             | ABS-O            | CORP              | US        |   3994267 | PA      | $4007362.51   | 0.48%             | 2064-12-22      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| GOLDEN PEAR FUND HOLDCO            | Golden Pear Funding HoldCo LLC                                                  | CUSIP: 38116FAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1245847.86   | 0.15%             | 2028-03-02      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Bourzou Issuer LLC, Jamshid Is     | Cloud Capital Holdco LP                                                         | CUSIP: 102104AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8250000 | PA      | $8352899.91   | 1.00%             | 2049-11-22      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2019-2 B PTT            | United Airlines 2019-2 Class B Pass Through Trust                               | CUSIP: 90932KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2128918 | PA      | $2003468.04   | 0.24%             | 2028-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                                                | CUSIP: 3133C7AH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7081375 | PA      | $7263910.11   | 0.87%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                  | Imperial Fund Mortgage Trust 2022-NQM2                                          | CUSIP: 45276PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5631098 | PA      | $5224259.48   | 0.63%             | 2067-03-25      | Variable      | 3.64%                 | No            |                  2 | On Loan: No      |
| SLM CORP                           | SLM Corp                                                                        | CUSIP: 78442PGF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4325000 | PA      | $4531121.86   | 0.55%             | 2030-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                         | ROCK Trust 2024-CNTR                                                            | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4250000 | PA      | $4342723.97   | 0.52%             | 2041-11-13      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust         | Navient Student Loan Trust 2021-1                                               | CUSIP: 63942NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3331571 | PA      | $2966415.69   | 0.36%             | 2069-12-26      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| SP CRUISES INTERMEDIATE            | SP Cruises Intermediate Ltd                                                     | CUSIP: 000000000<br>LEI: 2549001UGAS65A7Y0678 | Long             | DBT              | CORP              | BM        |   4000000 | PA      | $3745205.71   | 0.45%             | 2030-03-14      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor     | Morgan Stanley Residential Mortgage Loan Trust 2021-4                           | CUSIP: 61772MAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9173715 | PA      | $8134613.28   | 0.98%             | 2051-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes              | Tricon American Homes 2020-SFR1                                                 | CUSIP: 89613GAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2425679.28   | 0.29%             | 2038-07-17      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP               | Bank of America Corp                                                            | CUSIP: 59022CAA1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3561000 | PA      | $3560191.75   | 0.43%             | 2026-09-15      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| ALLO Issuer, LLC                   | ALLO Issuer LLC                                                                 | CUSIP: 01983KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4400000 | PA      | $4461182.22   | 0.54%             | 2053-06-20      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BGC GROUP INC                      | BGC Group Inc                                                                   | CUSIP: 088929AB0<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |   4460000 | PA      | $4423664.67   | 0.53%             | 2025-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VAREL ENERY SOLUTIONS              | Varel Energy Solutions                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3375000 | PA      | $3315937.50   | 0.40%             | 2028-04-07      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| Centersquare Issuer LLC            | Centersquare Issuer LLC                                                         | CUSIP: 15201EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $5887595.97   | 0.71%             | 2054-10-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LL     | Stack Infrastructure Issuer LLC                                                 | CUSIP: 85236KAE2<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |   3400000 | PA      | $3319574.20   | 0.40%             | 2046-03-26      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd      | CoreVest American Finance 2020-3 Trust                                          | CUSIP: 21873CAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    322579 | PA      | $316686.34    | 0.04%             | 2053-08-15      | Fixed         | 1.36%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners Funding     | Golub Capital Partners ABS Funding 2024-1                                       | CUSIP: 38179VAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3998456.00   | 0.48%             | 2034-01-25      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PHH ESCROW ISS LCC/PHH C           | PHH Escrow Issuer LLC/PHH Corp                                                  | CUSIP: 716964AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2001082.09   | 0.24%             | 2029-11-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| VELOCITY PORTFOLIO GROUP           | Velocity Portfolio Group Inc                                                    | CUSIP: 92257EAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4347887.52   | 0.52%             | 2033-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Gold Pool                                                           | CUSIP: 3128M73H7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     28067 | PA      | $29485.50     | 0.00%             | 2040-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust         | Navient Student Loan Trust 2020-1                                               | CUSIP: 63942FAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3107787 | PA      | $3085882.89   | 0.37%             | 2069-06-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                | Hotwire Funding LLC                                                             | CUSIP: 44148JAH2<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1014999.73   | 0.12%             | 2054-06-20      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| Laurel Road Prime Student Loan     | Laurel Road Prime Student Loan Trust 2019-A                                     | CUSIP: 51889RAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     27749 | PA      | $27749.21     | 0.00%             | 2048-10-25      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| Diamond Infrastructure Funding     | Diamond Infrastructure Funding LLC                                              | CUSIP: 25265LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4755307.50   | 0.57%             | 2049-04-15      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust         | Navient Private Education Refi Loan Trust 2021-A                                | CUSIP: 63942BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    537032 | PA      | $488950.73    | 0.06%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust             | Sequoia Mortgage Trust 2013-6                                                   | CUSIP: 81745BAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    991503 | PA      | $893641.09    | 0.11%             | 2043-05-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd      | Corevest American Finance 2020-4 Trust                                          | CUSIP: 21873AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    430005 | PA      | $426016.65    | 0.05%             | 2052-12-15      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru     | SMB Private Education Loan Trust 2024-D                                         | CUSIP: 83207QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4682813 | PA      | $4683166.11   | 0.56%             | 2053-07-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2018-1 B PTT            | United Airlines 2018-1 Class B Pass Through Trust                               | CUSIP: 90932NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2287374 | PA      | $2237690.38   | 0.27%             | 2026-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                    | United States Treasury Note/Bond                                                | CUSIP: 9128283F5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  63121000 | PA      | $61030116.88  | 7.34%             | 2027-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust         | Navient Student Loan Trust                                                      | CUSIP: 63942TAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    922270 | PA      | $929299.27    | 0.11%             | 2072-03-15      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Seasoned Mortgage Tr     | JP Morgan Seasoned Mortgage Trust Series 2025-1                                 | CUSIP: 46659PAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3741438.80   | 0.45%             | 2063-01-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC             | Switch ABS Issuer LLC                                                           | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4036089.39   | 0.49%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities      | Brean Asset Backed Securities Trust 2025-RM11                                   | CUSIP: 10638GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2992915 | PA      | $2911370.72   | 0.35%             | 2065-05-25      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Trinity Rail Leasing 2018 LLC      | Trinity Rail Leasing 2018 LLC                                                   | CUSIP: 89657AAC0<br>LEI: 549300JQ2JIV94ZI1045 | Long             | ABS-O            | CORP              | US        |   1329948 | PA      | $1251597.85   | 0.15%             | 2050-10-17      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| OXFORD FIN LLC/CO-ISS II           | Oxford Finance LLC / Oxford Finance Co-Issuer II Inc                            | CUSIP: 69145LAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4525466.24   | 0.54%             | 2027-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru     | SMB Private Education Loan Trust 2019-B                                         | CUSIP: 83192CAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1097002 | PA      | $1067962.17   | 0.13%             | 2037-06-15      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC           | Vantage Data Centers Issuer LLC                                                 | CUSIP: 92212KAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6500000 | PA      | $6451502.95   | 0.78%             | 2045-09-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Hawaii Hotel Trust                 | Hawaii Hotel Trust 2025-MAUI                                                    | CUSIP: 419909AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4050000 | PA      | $4050630.14   | 0.49%             | 2042-03-15      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN            | Borr IHC Ltd / Borr Finance LLC                                                 | CUSIP: 100018AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   3553659 | PA      | $3209762.19   | 0.39%             | 2028-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd      | Corevest American Finance 2019-3 Trust                                          | CUSIP: 21872NAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    995623 | PA      | $987988.33    | 0.12%             | 2052-10-15      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| GCAT                               | GCAT 2022-NQM3 Trust                                                            | CUSIP: 36168MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7974335 | PA      | $7910608.82   | 0.95%             | 2067-04-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                         | MFA 2021-INV2 Trust                                                             | CUSIP: 552732AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3208351 | PA      | $2788161.44   | 0.34%             | 2056-11-25      | Variable      | 1.91%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                    | SBA Tower Trust                                                                 | CUSIP: 78403DAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2705020.45   | 0.33%             | 2026-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                  | Imperial Fund Mortgage Trust 2022-NQM3                                          | CUSIP: 45276KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3231952 | PA      | $3218081.09   | 0.39%             | 2067-05-25      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC            | CF Hippolyta Issuer LLC                                                         | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3687753 | PA      | $3648281.71   | 0.44%             | 2060-07-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan      | New Residential Mortgage Loan Trust 2015-2                                      | CUSIP: 64829EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    241128 | PA      | $233909.82    | 0.03%             | 2055-08-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust          | Towd Point Mortgage Trust 2018-2                                                | CUSIP: 89175VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    182357 | PA      | $179797.24    | 0.02%             | 2058-03-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY FRN                    | United States Treasury Floating Rate Note                                       | CUSIP: 91282CLT6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  71422000 | PA      | $71497608.20  | 8.60%             | 2026-10-31      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus     | BRAVO Residential Funding Trust 2019-NQM2                                       | CUSIP: 10568LAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1858700 | PA      | $1778886.47   | 0.21%             | 2044-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust             | Sequoia Mortgage Trust 2013-8                                                   | CUSIP: 81745EAA7<br>LEI: 549300EU86QZR1NB5U93 | Long             | ABS-MBS          | CORP              | US        |    120990 | PA      | $109423.50    | 0.01%             | 2043-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| WestJet Loyalty LP                 | WESTJET LOYALTY LP                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   4950000 | PA      | $4947525.00   | 0.60%             | 2031-02-14      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust            | NYMT Loan Trust 2022-CP1                                                        | CUSIP: 62955VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1446591 | PA      | $1355721.26   | 0.16%             | 2061-07-25      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust             | SLM Student Loan Trust 2008-3                                                   | CUSIP: 78444GAC8<br>LEI: 549300OORAXMFXOHG132 | Long             | ABS-O            | CORP              | US        |   3498330 | PA      | $3471064.35   | 0.42%             | 2021-10-25      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| US CLAIMS LIT FNDG LLC             | US Claims Litigation Funding LLC                                                | CUSIP: 91735CAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1161843.84   | 0.14%             | 2028-03-17      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities      | GS Mortgage-Backed Securities Trust 2022-PJ1                                    | CUSIP: 36263NAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3989404 | PA      | $3695543.94   | 0.44%             | 2052-05-28      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| READYCAP HOLDINGS LLC              | ReadyCap Holdings LLC                                                           | CUSIP: 755763AE9<br>LEI: 549300W908MAGNC9E420 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $3911438.42   | 0.47%             | 2028-03-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Stonepeak                          | Stonepeak 2021-1 ABS                                                            | CUSIP: 78433XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    372501 | PA      | $356651.77    | 0.04%             | 2033-02-28      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Metlife Securitization Trust       | METLIFE SECURITIZATION TRUST 2019-1                                             | CUSIP: 59166EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    585749 | PA      | $561111.89    | 0.07%             | 2058-04-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust       | CSMC Trust 2013-TH1                                                             | CUSIP: 22944PAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     97295 | PA      | $85036.92     | 0.01%             | 2043-02-25      | Variable      | 2.13%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust     | SWCH Commercial Mortgage Trust 2025-DATA                                        | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3470670.87   | 0.42%             | 2042-02-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| USQ Rail                           | USQ Rail II LLC                                                                 | CUSIP: 90354PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5117475 | PA      | $4856186.67   | 0.58%             | 2051-06-28      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust         | Navient Private Education Refi Loan Trust 2020-G                                | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    321447 | PA      | $298929.57    | 0.04%             | 2069-09-16      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| PEMBROKE OLIVE DOWNS               | Pembroke Olive Downs Pty Ltd                                                    | CUSIP: 000000000<br>LEI: 8755007XG1B6S61ECH90 | Long             | DBT              | CORP              | AU        |   3385000 | PA      | $3300797.07   | 0.40%             | 2030-02-18      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuer LL     | Aligned Data Centers Issuer LLC                                                 | CUSIP: 01627AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4349016.99   | 0.52%             | 2046-08-15      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| ALASKA AIR 2020-1 CL B             | Alaska Airlines 2020-1 Class B Pass Through Trust                               | CUSIP: 01166WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1341080 | PA      | $1345525.41   | 0.16%             | 2025-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust           | JP Morgan Mortgage Trust 2021-4                                                 | CUSIP: 46652VAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3895657 | PA      | $3025972.06   | 0.36%             | 2051-08-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer LLC                | DataBank Issuer                                                                 | CUSIP: 23802WAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3345000 | PA      | $3332249.05   | 0.40%             | 2053-02-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HTS FUNDING DE LLC                 | HTS FUND II LLC                                                                 | CUSIP: 40456GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3650000 | PA      | $3649936.49   | 0.44%             | 2045-06-23      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.   | JAPAN YEN CURR                                                                  | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |       240 | NC      | $-152488.80   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Sequoia Mortgage Trust             | Sequoia Mortgage Trust 2013-2                                                   | CUSIP: 81745MAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     93762 | PA      | $80849.03     | 0.01%             | 2043-02-25      | Variable      | 1.87%                 | No            |                  2 | On Loan: No      |
| IIP OPERATING PARTNER              | IIP Operating Partnership LP                                                    | CUSIP: 44988FAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4320000 | PA      | $4212572.99   | 0.51%             | 2026-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ICE FUTURES EUROPE                 | LONG GILT                                                                       | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              | CORP              | GB        |       625 | NC      | $1534579.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| RUN NQM TRUST                      | RUN 2022-NQM1 Trust                                                             | CUSIP: 74981CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2677506 | PA      | $2600957.68   | 0.31%             | 2067-03-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trus     | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                              | CUSIP: 34461WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4989743.85   | 0.60%             | 2039-12-15      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                   | Vertical Bridge Holdings LLC                                                    | CUSIP: 92535VAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3976963.20   | 0.48%             | 2050-09-15      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities      | GS Mortgage-Backed Securities Trust 2022-PJ3                                    | CUSIP: 362924BK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7491878 | PA      | $6723780.47   | 0.81%             | 2052-08-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Gold Pool                                                           | CUSIP: 3128P7QL0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     39879 | PA      | $40092.18     | 0.00%             | 2031-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEWCASTLE COAL INFRASTRU           | Newcastle Coal Infrastructure Group Pty Ltd                                     | CUSIP: 65106WAA3<br>LEI: 549300YAJ8XYYGW2TZ32 | Long             | DBT              | CORP              | AU        |   1700662 | PA      | $1679470.17   | 0.20%             | 2027-09-29      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Winwater Mortgage Loan Trust       | WinWater Mortgage Loan Trust 2015-1                                             | CUSIP: 97652TAA1<br>LEI: 5493006H0W2XGUBIBK91 | Long             | ABS-MBS          | CORP              | US        |     65771 | PA      | $61065.11     | 0.01%             | 2045-01-20      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities      | GS Mortgage-Backed Securities Trust 2021-PJ9                                    | CUSIP: 36263CAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2749729 | PA      | $2436537.84   | 0.29%             | 2052-02-26      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan      | New Residential Mortgage Loan Trust 2014-3                                      | CUSIP: 64829DAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    176205 | PA      | $169597.74    | 0.02%             | 2054-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se     | Wells Fargo Mortgage Backed Securities 2020-1 Trust                             | CUSIP: 95002KAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2075725 | PA      | $1767374.97   | 0.21%             | 2049-12-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust           | JP Morgan Mortgage Trust 2021-1                                                 | CUSIP: 46592EBC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3161670 | PA      | $2935567.81   | 0.35%             | 2051-06-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| SUA 2025-1 LLC                     | SUA 2025-1 LLC                                                                  | CUSIP: 78485NAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4500000 | PA      | $4533750.00   | 0.55%             | 2040-05-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GCAT                               | GCAT 2024-NQM1 Trust                                                            | CUSIP: 36169HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3301279 | PA      | $3306488.74   | 0.40%             | 2059-01-25      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| DRAWBRIDGE SPEC OPPOR FU           | Drawbridge Special Opportunities Fund LP / Drawbridge Special Opportunities Fin | CUSIP: 26150TAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4428003.80   | 0.53%             | 2026-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DREYFUS GOVERNMENT CASH MANAGEMENT | DREYFUS GOVERN CASH MGMT-I                                                      | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |  23162344 | NS      | $23162343.81  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Finance Funding Trust       | Oxford Finance Funding 2022-1 LLC                                               | CUSIP: 69145BAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2738251 | PA      | $2724213.59   | 0.33%             | 2030-02-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan      | New Residential Mortgage Loan Trust 2019-2                                      | CUSIP: 64830DAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1155690 | PA      | $1132880.61   | 0.14%             | 2057-12-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Capteris Equipment Finance         | Capteris Equipment Finance 2024-1 LLC                                           | CUSIP: 14077AAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3288842 | PA      | $3343950.95   | 0.40%             | 2032-07-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| ECMC Group Student Loan Trust      | ECMC Group Student Loan Trust 2024-1                                            | CUSIP: 26828PAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4028430 | PA      | $4038499.59   | 0.49%             | 2073-11-27      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                    | SBA Tower Trust                                                                 | CUSIP: 78403DBD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3630000 | PA      | $3633212.19   | 0.44%             | 2029-10-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| TRP LLC                            | TRP 2021 LLC                                                                    | CUSIP: 87267CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2612194 | PA      | $2474641.96   | 0.30%             | 2051-06-19      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| LEGAL BUSINESS SVC                 | Cartiga LLC                                                                     | CUSIP: 52474DAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4026456.51   | 0.48%             | 2026-06-15      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                | NuStar Logistics LP                                                             | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    927000 | PA      | $934986.96    | 0.11%             | 2027-04-28      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| JP Morgan Seasoned Mortgage Tr     | JP Morgan Seasoned Mortgage Trust Series 2024-1                                 | CUSIP: 61777HAH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4455411 | PA      | $4337842.62   | 0.52%             | 2063-01-25      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                    | United States Treasury Note/Bond                                                | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23694000 | PA      | $16704270.00  | 2.01%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                                                | CUSIP: 3133KYZ51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6279458 | PA      | $6387082.35   | 0.77%             | 2043-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sutherland Commercial Mortgage     | Sutherland Commercial Mortgage Trust 2019-SBC8                                  | CUSIP: 86935CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1478468 | PA      | $1409215.54   | 0.17%             | 2041-04-25      | Variable      | 2.86%                 | No            |                  2 | On Loan: No      |
| PALOMINO FUNDING TRUST I           | Palomino Funding Trust I                                                        | CUSIP: 69754AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1170739.36   | 0.14%             | 2028-05-17      | Fixed         | 7.23%                 | No            |                  2 | On Loan: No      |
| EDvestinU Private Education Lo     | EDvestinU Private Education Loan Issue No 1 LLC                                 | CUSIP: 28166GAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    686363 | PA      | $669071.34    | 0.08%             | 2038-11-25      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| ACG HOLDCO 1 LTD                   | ACG Holdco 1 Ltd                                                                | CUSIP: 000000000<br>LEI: 9845008FS09985054W54 | Long             | DBT              | CORP              | GB        |   4050000 | PA      | $4200196.64   | 0.51%             | 2029-01-13      | Fixed         | 14.75%                | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN           | American Airlines Inc/AAdvantage Loyalty IP Ltd                                 | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   7000000 | PA      | $6999588.54   | 0.84%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P     | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137FRUV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  50476733 | PA      | $2536716.31   | 0.31%             | 2030-01-25      | Variable      | 1.44%                 | No            |                  2 | On Loan: No      |
| United Wholesale Mortgage LLC      | UWM Mortgage Trust 2021-1                                                       | CUSIP: 91824NBL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2142461 | PA      | $1731967.74   | 0.21%             | 2051-06-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC           | OBX 2024-NQM1 Trust                                                             | CUSIP: 67448LAA0<br>LEI: 254900UI1468MQ7I8472 | Long             | ABS-MBS          | CORP              | US        |   2857757 | PA      | $2867066.18   | 0.34%             | 2063-11-25      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| NORTHWEST ACQ/DOMINION             | Northwest Acquisitions ULC / Dominion Finco Inc                                 | CUSIP: 66727WAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   5870000 | PA      | $58.70        | 0.00%             | 2022-11-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management        | RCKT Mortgage Trust 2021-6                                                      | CUSIP: 74939KAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4344739 | PA      | $3833824.97   | 0.46%             | 2051-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae REMICS                                                               | CUSIP: 3136B1YD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     36386 | PA      | $35918.56     | 0.00%             | 2047-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC           | F&G Annuities & Life Inc                                                        | CUSIP: 30190AAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3039000 | PA      | $3137091.90   | 0.38%             | 2029-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Oxford Finance Credit Fund III     | Oxford Finance Credit Fund III 2025-A LP                                        | CUSIP: 69145VAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3400000 | PA      | $3414450.00   | 0.41%             | 2034-08-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                                                 | CUSIP: 3140FTWF4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     76904 | PA      | $75140.71     | 0.01%             | 2047-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust           | J.P. Morgan Mortgage Trust 2021-LTV2                                            | CUSIP: 46654VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4122549 | PA      | $3385540.51   | 0.41%             | 2052-05-25      | Variable      | 2.52%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                                                 | CUSIP: 3140XKP95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6594049 | PA      | $6232050.03   | 0.75%             | 2042-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Store Master Funding I - VII,      | Store Master Funding I-VII and XIV                                              | CUSIP: 86212XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2352294 | PA      | $2276367.33   | 0.27%             | 2049-11-20      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust         | Navient Student Loan Trust                                                      | CUSIP: 63942TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    395259 | PA      | $403971.62    | 0.05%             | 2072-03-15      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust           | J.P. Morgan Mortgage Trust 2022-INV3                                            | CUSIP: 46593FAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5641874 | PA      | $4999818.73   | 0.60%             | 2052-09-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.   | EURO FX CURR                                                                    | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |       145 | NC      | $625121.10    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT  | EURO-BUND                                                                       | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |      -370 | NC      | $252247.63    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FS Rialto Issuer Ltd               | FS RIALTO                                                                       | CUSIP: 30319YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1419021 | PA      | $1416312.67   | 0.17%             | 2038-05-16      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust             | SLM Student Loan Trust 2008-4                                                   | CUSIP: 78445AAD8<br>LEI: 549300EQOYJZL2D96G46 | Long             | ABS-O            | CORP              | US        |   1880571 | PA      | $1891856.43   | 0.23%             | 2028-04-25      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC           | Encore Capital Group Inc                                                        | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4290961.96   | 0.52%             | 2030-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PELORUS FUND REIT LLC              | Pelorus Fund REIT LLC                                                           | CUSIP: 70615PAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4345000 | PA      | $4342169.60   | 0.52%             | 2026-09-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Pear LLC                           | PEAR 2021-1 LLC                                                                 | CUSIP: 70472TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    846530 | PA      | $839642.72    | 0.10%             | 2034-01-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Horizon Aircraft Finance           | Horizon Aircraft Finance IV Ltd                                                 | CUSIP: 43990EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   7122500 | PA      | $7120244.30   | 0.86%             | 2049-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                | Hotwire Funding LLC                                                             | CUSIP: 44148JAA7<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3364708.94   | 0.40%             | 2051-11-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage     | Deephaven Residential Mortgage Trust 2021-3                                     | CUSIP: 24381VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5986390 | PA      | $5206102.31   | 0.63%             | 2066-08-25      | Variable      | 1.19%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust             | Sequoia Mortgage Trust 2013-7                                                   | CUSIP: 81745CAB9<br>LEI: 549300DFASAA48I36408 | Long             | ABS-MBS          | CORP              | US        |     96313 | PA      | $86854.55     | 0.01%             | 2043-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Pear LLC                           | Pear 2024-1 LLC                                                                 | CUSIP: 704933AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2486060 | PA      | $2506022.52   | 0.30%             | 2036-02-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                      | Carnival Corp                                                                   | CUSIP: 693070AD6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    800000 | PA      | $840946.07    | 0.10%             | 2027-06-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| OPEN INFRA US ASSETS AB            | Open Infra US Assets AB                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | SE        |   4200000 | PA      | $4043400.13   | 0.49%             | 2027-02-22      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                                                 | CUSIP: 3138WDJY8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    223670 | PA      | $220543.78    | 0.03%             | 2044-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust        | Ally Auto Receivables Trust 2024-1                                              | CUSIP: 02008FAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    182346 | PA      | $182408.90    | 0.02%             | 2027-01-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured      | Finance of America Structured Securities Trust 2022-S6                          | CUSIP: 31740XAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4050730 | PA      | $3999082.43   | 0.48%             | 2061-07-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust           | J.P. Morgan Mortgage Trust 2021-INV5                                            | CUSIP: 46653XAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2620615 | PA      | $2339040.92   | 0.28%             | 2051-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured      | Finance Of America Structured Securities Trust Series 2025-S1                   | CUSIP: 31741BAB0<br>LEI: 254900W0S6GNEJ457023 | Long             | ABS-MBS          | CORP              | US        |   4708244 | PA      | $4507957.71   | 0.54%             | 2075-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SLR GROUP GMBH                     | SLR Group GmbH                                                                  | CUSIP: 000000000<br>LEI: 529900WJI20NRSA96C93 | Long             | DBT              | CORP              | DE        |   2500000 | PA      | $2789981.95   | 0.34%             | 2027-10-09      | Floating      | 9.36%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust         | Navient Private Education Loan Trust 2015-B                                     | CUSIP: 63939KAC3<br>LEI: 549300GZIQGXPYGM8M95 | Long             | ABS-O            | CORP              | US        |    755518 | PA      | $756248.75    | 0.09%             | 2040-07-16      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| KREF 2021-FL2 Ltd                  | KREF 2021-FL2 Ltd                                                               | CUSIP: 48275RAC1<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3423312.55   | 0.41%             | 2039-02-15      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                                                 | CUSIP: 31418ELX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7418749 | PA      | $7302184.83   | 0.88%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORELD AS                          | Moreld AS                                                                       | CUSIP: 000000000<br>LEI: 6488UNV33KXZ9498L870 | Long             | DBT              | CORP              | NO        |   1400000 | PA      | $1383305.88   | 0.17%             | 2030-02-11      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC            | CF Hippolyta Issuer LLC                                                         | CUSIP: 12530MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1798904 | PA      | $1779920.53   | 0.21%             | 2060-07-15      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| Oasis Securitisation               | Libra Solutions 2024-1 LLC                                                      | CUSIP: 53161XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4964986.00   | 0.60%             | 2038-09-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BROOGE PETROLEUM AND GAS           | Brooge Petroleum and Gas Investment Co FZE                                      | CUSIP: 000000000<br>LEI: 213800T6YBVV45KTOC07 | Long             | DBT              | CORP              | AE        |   7937297 | PA      | $6905448.39   | 0.83%             | 2025-09-24      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                 | Tricon Residential 2024-SFR4 Trust                                              | CUSIP: 895975AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2991925 | PA      | $2948917.93   | 0.35%             | 2041-11-17      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| AIRBORNE CAPITAL USA LLC           | Airborne Capital USA LLC                                                        | CUSIP: 009263AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3471162.10   | 0.42%             | 2029-08-02      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC           | OBX 2022-NQM2 Trust                                                             | CUSIP: 67448DAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3100940 | PA      | $2954966.21   | 0.36%             | 2062-01-25      | Variable      | 2.78%                 | No            |                  2 | On Loan: No      |
| Cogent IPv4 LLC                    | Cogent Ipv4 LLC                                                                 | CUSIP: 19240JAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2380000 | PA      | $2521786.60   | 0.30%             | 2054-05-25      | Fixed         | 7.92%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                                                 | CUSIP: 31418BBC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     79496 | PA      | $79639.43     | 0.01%             | 2034-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Flexential Issuer, LLC             | Flexential Issuer 2021-1                                                        | CUSIP: 33938MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4760000 | PA      | $4581653.53   | 0.55%             | 2051-11-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                    | United States Treasury Note/Bond                                                | CUSIP: 9128285M8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  66178000 | PA      | $64937162.50  | 7.81%             | 2028-11-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust           | JP Morgan Mortgage Trust 2014-2                                                 | CUSIP: 46641YAA1<br>LEI: 549300BV8AJIRLDGMR51 | Long             | ABS-MBS          | CORP              | US        |    133451 | PA      | $130803.58    | 0.02%             | 2029-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Gold Pool                                                           | CUSIP: 3128P75F6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    105537 | PA      | $105907.50    | 0.01%             | 2033-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST      | Commonbond Student Loan Trust 2019-A-GS                                         | CUSIP: 20268CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1252416 | PA      | $1148240.88   | 0.14%             | 2047-01-25      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer LLC                | DataBank Issuer                                                                 | CUSIP: 23802WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5200000 | PA      | $5086474.19   | 0.61%             | 2051-02-27      | Fixed         | 2.06%                 | No            |                  2 | On Loan: No      |
| Pear LLC                           | PEAR 2023-1 LLC                                                                 | CUSIP: 70473AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5028819 | PA      | $5133198.47   | 0.62%             | 2035-07-15      | Fixed         | 7.42%                 | No            |                  2 | On Loan: No      |
| Starwood Retail Property Trust     | Starwood Retail Property Trust 2014-STAR                                        | CUSIP: 85571XAA5<br>LEI: 5493007115G809OI4R97 | Long             | ABS-MBS          | CORP              | US        |   1533785 | PA      | $824643.58    | 0.10%             | 2027-11-15      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans          | College Ave Student Loans 2021-A LLC                                            | CUSIP: 19424KAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1139853 | PA      | $1033854.85   | 0.12%             | 2051-07-25      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                                                 | CUSIP: 31416CJV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    145107 | PA      | $152262.35    | 0.02%             | 2038-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Waikiki Beach Hotel Trust          | WBHT Commercial Mortgage Trust 2025-WBM                                         | CUSIP: 92943QAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3650000 | PA      | $3695914.82   | 0.44%             | 2042-06-15      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities      | Brean Asset Backed Securities Trust 2021-RM2                                    | CUSIP: 10638MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2274941 | PA      | $2184187.58   | 0.26%             | 2061-10-25      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust         | Navient Student Loan Trust 2017-2                                               | CUSIP: 63939RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2430298 | PA      | $2413427.91   | 0.29%             | 2066-12-27      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                                                 | CUSIP: 31417YDV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12561 | PA      | $12581.51     | 0.00%             | 2029-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Oxford Finance Funding Trust       | Oxford Finance Funding Trust 2023-1                                             | CUSIP: 69145CAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3969486 | PA      | $3982569.00   | 0.48%             | 2031-02-15      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| NORTH INVST GROUP                  | North Investment Group AB                                                       | CUSIP: 000000000<br>LEI: 254900NLPIHD51XJYE02 | Long             | DBT              | CORP              | SE        |  23750000 | PA      | $1398379.30   | 0.17%             | 2025-12-31      | Floating      | 11.32%                | No            |                  2 | On Loan: No      |
| BX Trust                           | BX Trust 2024-VLT4                                                              | CUSIP: 05612TAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5100000 | PA      | $5098946.82   | 0.61%             | 2029-07-15      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN              | Icahn Enterprises LP / Icahn Enterprises Finance Corp                           | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3959756.57   | 0.48%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Oxford Finance Credit Fund III     | Oxford Finance Credit Fund III 2024-A LP                                        | CUSIP: 69145DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2700000 | PA      | $2737479.51   | 0.33%             | 2032-01-14      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured      | Finance Of America Structured Securities Trust Series 2024-S2                   | CUSIP: 31739VAA2<br>LEI: 2549004CLYOCOW3IBQ95 | Long             | ABS-O            | CORP              | US        |   4114282 | PA      | $3976990.83   | 0.48%             | 2074-04-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust         | Navient Private Education Refi Loan Trust 2022-A                                | CUSIP: 63942MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2453226 | PA      | $2245293.35   | 0.27%             | 2070-07-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities      | GS Mortgage-Backed Securities Trust 2021-GR3                                    | CUSIP: 36263TAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4331734 | PA      | $3840202.18   | 0.46%             | 2052-04-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| CIM Trust                          | CIM Trust 2019-INV1                                                             | CUSIP: 12555DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     40281 | PA      | $38033.51     | 0.00%             | 2049-02-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                                                 | CUSIP: 3138XU4Y5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    446511 | PA      | $440232.86    | 0.05%             | 2044-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LEGRES AB                          | Legres AB                                                                       | CUSIP: 000000000<br>LEI: 5493004FBCZN6ATKYD40 | Long             | DBT              | CORP              | SE        |  32500000 | PA      | $3091672.04   | 0.37%             | 2025-12-30      | Floating      | 11.35%                | No            |                  2 | On Loan: No      |
| SLAM 2021-1 LLC                    | Slam 2021-1 Ltd                                                                 | CUSIP: 78449AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4800000 | PA      | $4496152.32   | 0.54%             | 2046-06-15      | Fixed         | 2.43%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust         | Navient Student Loan Trust 2014-1                                               | CUSIP: 63938EAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1989365 | PA      | $1950314.19   | 0.23%             | 2031-06-25      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust           | JP Morgan Mortgage Trust 2021-5                                                 | CUSIP: 46592LAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7796011 | PA      | $7011287.27   | 0.84%             | 2051-08-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** Manning & Napier Fund, Inc.

**Signature:** Jill Peeper

**Name of Signer:** Jill Peeper

**Title:** Principal Financial Officer and Treasurer