# EDGAR Filing Document

**Accession Number:** 0001517936
**File Stem:** 0000940400-26-011447
**Filing Date:** 2026-3
**Character Count:** 381345
**Document Hash:** ebf3091078a356554672f660fe0736ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-011447.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0000940400-26-011447

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST EXCHANGE-TRADED FUND IV
- **CENTRAL INDEX KEY:** 0001517936

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22559
- **FILM NUMBER:** 26792252

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

## Series and Classes Contracts Data

### First Trust Enhanced Short Maturity ETF (Series ID: S000045797)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000142755 | First Trust Enhanced Short Maturity ETF | FTSM            |

## Nport-Ex

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments**

**January 31, 2026 (Unaudited)**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Coupon**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES — 48.6%** | **CORPORATE BONDS AND NOTES — 48.6%** | **CORPORATE BONDS AND NOTES — 48.6%** | **CORPORATE BONDS AND NOTES — 48.6%** | **CORPORATE BONDS AND NOTES — 48.6%** |
|  | **Aerospace/Defense — 1.6%** | **Aerospace/Defense — 1.6%** | **Aerospace/Defense — 1.6%** |  |
| $33250000 | Boeing (The) Co. | 2.20% | 02/04/26 | $33244356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4971000 | Boeing (The) Co. | 2.25% | 06/15/26 | 4936659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14177000 | L3Harris Technologies, Inc. | 3.85% | 12/15/26 | 14167947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | L3Harris Technologies, Inc. | 5.40% | 01/15/27 | 15210337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15273000 | RTX Corp. | 2.65% | 11/01/26 | 15147741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14818000 | RTX Corp. | 5.75% | 11/08/26 | 15007697 |
|  |  |  |  | 97714737 |
|  | **Auto Manufacturers — 0.5%** | **Auto Manufacturers — 0.5%** | **Auto Manufacturers — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Toyota Motor Credit Corp., SOFR Compounded Index + 0.45% (a) | 4.14% | 04/10/26 | 15008967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 17000000 | Toyota Motor Credit Corp., Series B, SOFR + 0.45% (a) | 4.14% | 01/12/28 | 17024627 |
|  |  |  |  | 32033594 |
|  | **Banks — 10.3%** | **Banks — 10.3%** | **Banks — 10.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20530000 | Bank of America Corp. (b) | 3.56% | 04/23/27 | 20508924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | Bank of America Corp. (b) | 4.98% | 01/24/29 | 7130817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 16510000 | Bank of America Corp., Series N (b) | 1.66% | 03/11/27 | 16467406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Bank of New York Mellon (The) (b) | 4.59% | 04/20/27 | 10014351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 35000000 | Bank of New York Mellon (The) Corp. (b) | 4.95% | 04/26/27 | 35083092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | Bank of New York Mellon (The) Corp. (b) | 4.03% | 01/22/30 | 6994594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Bank of New York Mellon (The) Corp., SOFR + 0.63% (a) | 4.32% | 01/22/30 | 9999299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9375000 | Citibank N.A. | 4.58% | 05/29/27 | 9463270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Citigroup, Inc. (b) | 4.64% | 05/07/28 | 10077903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 24077000 | Fifth Third Bank N.A. (b) | 4.97% | 01/28/28 | 24289669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 28000000 | Goldman Sachs Bank USA (b) | 5.28% | 03/18/27 | 28043257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Goldman Sachs Bank USA, SOFR + 0.75% (a) | 4.52% | 05/21/27 | 15018670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Goldman Sachs Group (The), Inc. (b) | 4.94% | 04/23/28 | 15164272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Goldman Sachs Group (The), Inc. (b) | 4.15% | 01/21/29 | 15013971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Goldman Sachs Group (The), Inc., SOFR + 0.71% (a) | 4.40% | 01/21/29 | 15006479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | Goldman Sachs Group (The), Inc. (b) | 4.15% | 10/21/29 | 6997094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25171000 | Huntington National Bank (The) (b) | 4.87% | 04/12/28 | 25393942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14631000 | JPMorgan Chase & Co. (b) | 1.04% | 02/04/27 | 14628656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | JPMorgan Chase & Co. (b) | 5.04% | 01/23/28 | 20206028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | JPMorgan Chase & Co. (b) | 5.57% | 04/22/28 | 15285561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7500000 | JPMorgan Chase & Co. (b) | 4.92% | 01/24/29 | 7637047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9144000 | Morgan Stanley (b) | 1.59% | 05/04/27 | 9087031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Morgan Stanley (b) | 4.24% | 01/09/30 | 15030450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Morgan Stanley, Series I (b) | 4.13% | 10/18/29 | 14991343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Morgan Stanley Bank N.A. (b) | 4.45% | 10/15/27 | 15057327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Morgan Stanley Bank N.A. (b) | 4.95% | 01/14/28 | 15136219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Morgan Stanley Bank N.A. (b) | 4.97% | 07/14/28 | 4052921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6667000 | Morgan Stanley Bank N.A. (b) | 5.02% | 01/12/29 | 6793256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Morgan Stanley Private Bank N.A. (b) | 4.47% | 07/06/28 | 10065607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | PNC Bank N.A. (b) | 4.54% | 05/13/27 | 20027849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | PNC Financial Services Group (The), Inc. (b) | 5.10% | 07/23/27 | 10054129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8000000 | PNC Financial Services Group (The), Inc. (b) | 5.30% | 01/21/28 | 8103143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6176000 | PNC Financial Services Group (The), Inc. (b) | 4.08% | 01/26/29 | 6186155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | PNC Financial Services Group (The), Inc., SOFR + 0.62% (a) | 4.31% | 01/26/29 | 15026744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10497000 | Santander Holdings USA, Inc. (b) | 2.49% | 01/06/28 | 10340034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8000000 | State Street Corp. (b) | 4.54% | 04/24/28 | 8066546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 19675000 | Truist Bank (b) | 4.67% | 05/20/27 | 19708269 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Banks (Continued)** | **Banks (Continued)** | **Banks (Continued)** |  |
| $10000000 | Truist Bank, SOFR + 0.66% (a) | 4.35% | 01/27/29 | $9997143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Truist Bank (b) | 4.14% | 10/23/29 | 9995537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Truist Bank, Series I (b) | 4.14% | 01/27/29 | 10013775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15771000 | US Bancorp (b) | 2.22% | 01/27/28 | 15513264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | US Bank N.A. (b) | 4.73% | 05/15/28 | 10097984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Wells Fargo & Co. | 3.00% | 10/23/26 | 9941539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Wells Fargo & Co. (b) | 5.71% | 04/22/28 | 15303242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Wells Fargo & Co. (b) | 4.08% | 09/15/29 | 14988799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Wells Fargo & Co. (b) | 4.18% | 01/23/30 | 10009790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Wells Fargo & Co., SOFR + 0.74% (a) | 4.43% | 01/23/30 | 9998149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Wells Fargo & Co., Series W (b) | 4.90% | 01/24/28 | 15129011 |
|  |  |  |  | 647139558 |
|  | **Beverages — 1.6%** | **Beverages — 1.6%** | **Beverages — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 19347000 | Constellation Brands, Inc. | 3.70% | 12/06/26 | 19322860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Constellation Brands, Inc. | 4.35% | 05/09/27 | 15062010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 19529000 | Keurig Dr Pepper, Inc. | 2.55% | 09/15/26 | 19352526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Keurig Dr Pepper, Inc., SOFR + 0.58% (a) | 4.37% | 11/15/26 | 10005721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Keurig Dr Pepper, Inc. | 4.35% | 05/15/28 | 10045791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 29881000 | Molson Coors Beverage Co. | 3.00% | 07/15/26 | 29772099 |
|  |  |  |  | 103561007 |
|  | **Biotechnology — 0.4%** | **Biotechnology — 0.4%** | **Biotechnology — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 13096000 | Amgen, Inc. | 2.60% | 08/19/26 | 13007702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Amgen, Inc. | 3.20% | 11/02/27 | 14844933 |
|  |  |  |  | 27852635 |
|  | **Building Materials — 1.3%** | **Building Materials — 1.3%** | **Building Materials — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Amrize Finance U.S. LLC | 4.60% | 04/07/27 | 20147404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 22500000 | Amrize Finance U.S. LLC | 4.70% | 04/07/28 | 22822049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 32613000 | CRH America Finance, Inc. (c) | 3.40% | 05/09/27 | 32396898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8611000 | Martin Marietta Materials, Inc. | 3.45% | 06/01/27 | 8561408 |
|  |  |  |  | 83927759 |
|  | **Commercial Services — 2.1%** | **Commercial Services — 2.1%** | **Commercial Services — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 14584000 | Ashtead Capital, Inc. (c) | 1.50% | 08/12/26 | 14367682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 29700000 | Ashtead Capital, Inc. (c) | 4.38% | 08/15/27 | 29660616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5010000 | Global Payments, Inc. | 4.80% | 04/01/26 | 5015244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Global Payments, Inc. | 4.50% | 11/15/28 | 20093623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 22098000 | PayPal Holdings, Inc., SOFR + 0.67% (a) | 4.39% | 03/06/28 | 22171535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9000000 | Quanta Services, Inc. | 4.30% | 08/09/28 | 9059050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | TR Finance LLC | 3.35% | 05/15/26 | 29931241 |
|  |  |  |  | 130298991 |
|  | **Computers — 0.3%** | **Computers — 0.3%** | **Computers — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 19000000 | Dell International LLC / EMC Corp. | 4.75% | 04/01/28 | 19272319 |
|  | **Cosmetics/Personal Care — 0.4%** | **Cosmetics/Personal Care — 0.4%** | **Cosmetics/Personal Care — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 24274000 | Haleon US Capital LLC | 3.38% | 03/24/27 | 24124228 |
|  | **Diversified Financial Services — 0.7%** | **Diversified Financial Services — 0.7%** | **Diversified Financial Services — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 16000000 | American Express Co. (b) | 5.65% | 04/23/27 | 16058872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7222000 | American Express Co. (b) | 5.10% | 02/16/28 | 7306826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | American Express Co. (b) | 4.73% | 04/25/29 | 10151728 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Diversified Financial Services (Continued)** | **Diversified Financial Services (Continued)** | **Diversified Financial Services (Continued)** |  |
| $5375000 | Intercontinental Exchange, Inc. | 3.10% | 09/15/27 | $5315722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8000000 | Intercontinental Exchange, Inc. | 3.95% | 12/01/28 | 8006276 |
|  |  |  |  | 46839424 |
|  | **Electric — 1.9%** | **Electric — 1.9%** | **Electric — 1.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 13223000 | AEP Transmission Co. LLC | 3.10% | 12/01/26 | 13149563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Constellation Energy Generation LLC | 3.90% | 01/08/28 | 14987580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Constellation Energy Generation LLC, SOFR + 0.60% (a) | 4.29% | 01/08/28 | 15029712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8745000 | Georgia Power Co., SOFR Compounded Index + 0.28% (a) | 3.98% | 09/15/26 | 8747464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Georgia Power Co. | 4.00% | 10/01/28 | 15051559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4206000 | Mid-Atlantic Interstate Transmission LLC (c) | 4.10% | 05/15/28 | 4213762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5318000 | San Diego Gas & Electric Co. | 2.50% | 05/15/26 | 5297870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10822017 | Virginia Power Fuel Securitization LLC, Series A-1 | 5.09% | 05/01/27 | 10888769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8921000 | Vistra Operations Co. LLC (c) | 5.05% | 12/30/26 | 9005856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13418000 | Vistra Operations Co. LLC (c) | 3.70% | 01/30/27 | 13378014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Vistra Operations Co. LLC (c) | 4.30% | 10/15/28 | 10005640 |
|  |  |  |  | 119755789 |
|  | **Electrical Components & Equipments — 0.1%** | **Electrical Components & Equipments — 0.1%** | **Electrical Components & Equipments — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6846000 | Molex Electronic Technologies LLC (c) | 4.75% | 04/30/28 | 6941549 |
|  | **Electronics — 0.5%** | **Electronics — 0.5%** | **Electronics — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8706000 | Amphenol Corp. | 3.80% | 11/15/27 | 8703997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Amphenol Corp., SOFR + 0.53% (a) | 4.33% | 11/15/27 | 5013539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Amphenol Corp. | 3.90% | 11/15/28 | 14999383 |
|  |  |  |  | 28716919 |
|  | **Environmental Control — 0.5%** | **Environmental Control — 0.5%** | **Environmental Control — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | Veralto Corp. | 5.50% | 09/18/26 | 30275113 |
|  | **Food — 3.3%** | **Food — 3.3%** | **Food — 3.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Campbell's (The) Co. | 5.20% | 03/19/27 | 25321842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Campbell's (The) Co. | 4.15% | 03/15/28 | 10013578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25567000 | Conagra Brands, Inc. | 5.30% | 10/01/26 | 25757431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10848000 | General Mills, Inc. | 4.70% | 01/30/27 | 10926150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13232000 | General Mills, Inc. | 3.20% | 02/10/27 | 13148090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 28568000 | Kraft Heinz Foods Co. | 3.00% | 06/01/26 | 28477671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Kraft Heinz Foods Co. | 3.88% | 05/15/27 | 19942373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Mars, Inc. (c) | 4.60% | 03/01/28 | 10134953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3413000 | McCormick & Co., Inc. | 0.90% | 02/15/26 | 3409106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10192000 | McCormick & Co., Inc. | 3.40% | 08/15/27 | 10120808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14955000 | Mondelez International, Inc. | 2.63% | 03/17/27 | 14747021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20953000 | Sysco Corp. | 3.30% | 07/15/26 | 20898395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Sysco Corp. | 3.25% | 07/15/27 | 14874220 |
|  |  |  |  | 207771638 |
|  | **Healthcare-Products — 2.3%** | **Healthcare-Products — 2.3%** | **Healthcare-Products — 2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12352000 | Agilent Technologies, Inc. | 3.05% | 09/22/26 | 12286238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | Alcon Finance Corp. (c) | 2.75% | 09/23/26 | 29763670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | GE HealthCare Technologies, Inc. | 5.65% | 11/15/27 | 25716823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 30602000 | Solventum Corp. | 5.45% | 02/25/27 | 31046558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Stryker Corp. | 3.50% | 03/15/26 | 19990995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 23726000 | Zimmer Biomet Holdings, Inc. | 4.70% | 02/19/27 | 23925998 |
|  |  |  |  | 142730282 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Healthcare-Services — 2.0%** | **Healthcare-Services — 2.0%** | **Healthcare-Services — 2.0%** |  |
| $17478000 | Cigna Group (The) | 3.40% | 03/01/27 | $17386502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | Elevance Health, Inc. | 4.50% | 10/30/26 | 30143910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 17000000 | Elevance Health, Inc. | 4.00% | 09/15/28 | 16994971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | HCA, Inc. | 5.38% | 09/01/26 | 20021275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | HCA, Inc. | 3.13% | 03/15/27 | 5943255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8000000 | HCA, Inc. | 5.00% | 03/01/28 | 8152214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Universal Health Services, Inc. | 1.65% | 09/01/26 | 24636103 |
|  |  |  |  | 123278230 |
|  | **Insurance — 2.0%** | **Insurance — 2.0%** | **Insurance — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Aon North America, Inc. | 5.13% | 03/01/27 | 25308782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 23000000 | Arthur J. Gallagher & Co. | 4.60% | 12/15/27 | 23269593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 29370000 | Brown & Brown, Inc. | 4.60% | 12/23/26 | 29548668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14409000 | Brown & Brown, Inc. | 4.70% | 06/23/28 | 14605510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 30975000 | Willis North America, Inc. | 4.65% | 06/15/27 | 31224973 |
|  |  |  |  | 123957526 |
|  | **Internet — 0.1%** | **Internet — 0.1%** | **Internet — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Expedia Group, Inc. | 5.00% | 02/15/26 | 5000594 |
|  | **Lodging — 0.8%** | **Lodging — 0.8%** | **Lodging — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | Hyatt Hotels Corp. | 5.75% | 01/30/27 | 30474060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Marriott International, Inc. | 4.20% | 07/15/27 | 10036543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7741000 | Marriott International, Inc., Series R | 3.13% | 06/15/26 | 7718992 |
|  |  |  |  | 48229595 |
|  | **Machinery-Construction & Mining — 0.4%** | **Machinery-Construction & Mining — 0.4%** | **Machinery-Construction & Mining — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Caterpillar Financial Services Corp., SOFR + 0.40% (a) | 4.09% | 01/10/28 | 25032806 |
|  | **Media — 0.5%** | **Media — 0.5%** | **Media — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | FactSet Research Systems, Inc. | 2.90% | 03/01/27 | 29647576 |
|  | **Miscellaneous Manufacturing — 0.5%** | **Miscellaneous Manufacturing — 0.5%** | **Miscellaneous Manufacturing — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | Teledyne Technologies, Inc. | 1.60% | 04/01/26 | 29880983 |
|  | **Packaging & Containers — 1.2%** | **Packaging & Containers — 1.2%** | **Packaging & Containers — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 22406000 | Amcor Finance USA, Inc. | 3.63% | 04/28/26 | 22379956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Amcor Flexibles North America, Inc. | 4.80% | 03/17/28 | 10151601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Berry Global, Inc. (c) | 4.88% | 07/15/26 | 25014446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 17388000 | Packaging Corp. of America | 3.40% | 12/15/27 | 17229804 |
|  |  |  |  | 74775807 |
|  | **Pharmaceuticals — 2.0%** | **Pharmaceuticals — 2.0%** | **Pharmaceuticals — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Becton Dickinson & Co. | 3.70% | 06/06/27 | 24930794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Becton Dickinson & Co. | 4.69% | 02/13/28 | 10136944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4460000 | Cardinal Health, Inc. | 4.70% | 11/15/26 | 4488892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Cencora, Inc. | 4.63% | 12/15/27 | 15190985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | CVS Health Corp. | 2.88% | 06/01/26 | 14945521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14111000 | CVS Health Corp. | 3.63% | 04/01/27 | 14052641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | CVS Health Corp. | 1.30% | 08/21/27 | 9593511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 34139000 | PRA Health Sciences, Inc. (c) | 2.88% | 07/15/26 | 33933609 |
|  |  |  |  | 127272897 |
|  | **Pipelines — 2.3%** | **Pipelines — 2.3%** | **Pipelines — 2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12975000 | Energy Transfer, L.P. | 3.90% | 07/15/26 | 12973389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20820000 | Energy Transfer, L.P. | 6.05% | 12/01/26 | 21153798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 33389000 | Kinder Morgan, Inc. | 1.75% | 11/15/26 | 32836289 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Pipelines (Continued)** | **Pipelines (Continued)** | **Pipelines (Continued)** |  |
| $19498000 | Plains All American Pipeline, L.P. / PAA Finance Corp. | 4.50% | 12/15/26 | $19559959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 726000 | Sabine Pass Liquefaction LLC | 5.88% | 06/30/26 | 726799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 21820000 | Spectra Energy Partners, L.P. | 3.38% | 10/15/26 | 21738903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 33664000 | Williams Cos. (The), Inc. | 5.40% | 03/02/26 | 33711904 |
|  |  |  |  | 142701041 |
|  | **Real Estate Investment Trusts — 1.7%** | **Real Estate Investment Trusts — 1.7%** | **Real Estate Investment Trusts — 1.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 35000000 | Crown Castle, Inc. | 4.45% | 02/15/26 | 34998841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | Crown Castle, Inc. | 3.70% | 06/15/26 | 29954347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8135000 | VICI Properties L.P. / VICI Note Co., Inc. (c) | 4.50% | 09/01/26 | 8142307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 24601000 | VICI Properties L.P. / VICI Note Co., Inc. (c) | 4.25% | 12/01/26 | 24595250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6480000 | VICI Properties L.P. / VICI Note Co., Inc. (c) | 5.75% | 02/01/27 | 6549786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1440000 | VICI Properties L.P. / VICI Note Co., Inc. (c) | 3.75% | 02/15/27 | 1432079 |
|  |  |  |  | 105672610 |
|  | **Retail — 0.5%** | **Retail — 0.5%** | **Retail — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 19779000 | O'Reilly Automotive, Inc. | 5.75% | 11/20/26 | 20030277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9600000 | Starbucks Corp. | 4.75% | 02/15/26 | 9601849 |
|  |  |  |  | 29632126 |
|  | **Software — 5.1%** | **Software — 5.1%** | **Software — 5.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | Autodesk, Inc. | 3.50% | 06/15/27 | 29821786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5852000 | Cadence Design Systems, Inc. | 4.20% | 09/10/27 | 5877907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 35000000 | Fidelity National Information Services, Inc. | 1.15% | 03/01/26 | 34923335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Fidelity National Information Services, Inc. | 4.70% | 07/15/27 | 5018874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6499000 | Fidelity National Information Services, Inc. | 1.65% | 03/01/28 | 6187852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8747000 | Fidelity National Information Services, Inc., Series 10Y | 4.25% | 05/15/28 | 8722379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25088000 | Fiserv, Inc. | 3.20% | 07/01/26 | 25002562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20986000 | Fiserv, Inc. | 5.15% | 03/15/27 | 21219989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Fiserv, Inc. | 5.45% | 03/02/28 | 5125576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Oracle Corp. | 2.65% | 07/15/26 | 19865498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Oracle Corp. | 3.25% | 11/15/27 | 14715772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Oracle Corp. | 4.80% | 08/03/28 | 2014253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 19486000 | Roper Technologies, Inc. | 3.80% | 12/15/26 | 19474791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12937000 | Roper Technologies, Inc. | 4.25% | 09/15/28 | 13013139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | Synopsys, Inc. | 4.55% | 04/01/27 | 30219834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Synopsys, Inc. | 4.65% | 04/01/28 | 10129803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 29891000 | VMware LLC | 1.40% | 08/15/26 | 29504206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7146000 | VMware LLC | 3.90% | 08/21/27 | 7150828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | Workday, Inc. | 3.50% | 04/01/27 | 29845593 |
|  |  |  |  | 317833977 |
|  | **Telecommunications — 1.7%** | **Telecommunications — 1.7%** | **Telecommunications — 1.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25404000 | AT&T, Inc. | 1.70% | 03/25/26 | 25327871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 21843000 | AT&T, Inc. | 4.25% | 03/01/27 | 21910441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10826000 | AT&T, Inc. | 2.30% | 06/01/27 | 10607971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 26114000 | T-Mobile USA, Inc. | 2.63% | 04/15/26 | 26045143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | T-Mobile USA, Inc. | 3.75% | 04/15/27 | 14964747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | T-Mobile USA, Inc. | 4.75% | 02/01/28 | 10000000 |
|  |  |  |  | 108856173 |
|  | **Total Corporate Bonds and Notes** | **Total Corporate Bonds and Notes** | **Total Corporate Bonds and Notes** | 3040727483 |
|  | (Cost $3,026,186,075) | (Cost $3,026,186,075) | (Cost $3,026,186,075) |  |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **ASSET-BACKED SECURITIES — 18.8%** | **ASSET-BACKED SECURITIES — 18.8%** | **ASSET-BACKED SECURITIES — 18.8%** | **ASSET-BACKED SECURITIES — 18.8%** | **ASSET-BACKED SECURITIES — 18.8%** |
|  | 37 Capital CLO II | 37 Capital CLO II | 37 Capital CLO II | 37 Capital CLO II |
| $700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1A, Class A1R, 3 Mo. CME Term SOFR + <br> 1.29% (a) (c) | 4.96% | 07/15/34 | $700699 |
|  | 522 Funding CLO Ltd. | 522 Funding CLO Ltd. | 522 Funding CLO Ltd. | 522 Funding CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-1A, Class AR, 3 Mo. CME Term SOFR + CSA + <br> 1.18% (a) (c) | 5.11% | 10/20/34 | 2003996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 448922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-3A, Class AR, 3 Mo. CME Term SOFR + CSA + <br> 1.04% (a) (c) | 4.97% | 10/20/31 | 449384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-6A, Class A1R2, 3 Mo. CME Term SOFR + <br> 1.20% (a) (c) | 4.87% | 10/23/34 | 250283 |
|  | AB BSL CLO 2 Ltd. | AB BSL CLO 2 Ltd. | AB BSL CLO 2 Ltd. | AB BSL CLO 2 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2A, Class A, 3 Mo. CME Term SOFR + CSA + <br> 1.10% (a) (c) | 5.03% | 04/15/34 | 600705 |
|  | AGL CLO 1 Ltd. | AGL CLO 1 Ltd. | AGL CLO 1 Ltd. | AGL CLO 1 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-1A, Class ARR, 3 Mo. CME Term SOFR + <br> 1.20% (a) (c) | 4.87% | 10/20/34 | 280376 |
|  | AGL Core CLO 36 Ltd. | AGL Core CLO 36 Ltd. | AGL Core CLO 36 Ltd. | AGL Core CLO 36 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-36A, Class X, 3 Mo. CME Term SOFR + <br> 0.95% (a) (c) | 4.62% | 01/23/38 | 187684 |
|  | Allegro CLO X Ltd. | Allegro CLO X Ltd. | Allegro CLO X Ltd. | Allegro CLO X Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-1A, Class ARR, 3 Mo. CME Term SOFR + <br> 1.13% (a) (c) | 4.80% | 04/20/32 | 93747 |
|  | Alloya Auto Receivables Trust | Alloya Auto Receivables Trust | Alloya Auto Receivables Trust | Alloya Auto Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 9260717 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2 (c) | 4.78% | 10/25/27 | 9275666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7820000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A3 (c) | 4.69% | 12/26/28 | 7850578 |
|  | Ally Auto Receivables Trust | Ally Auto Receivables Trust | Ally Auto Receivables Trust | Ally Auto Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 3349313 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class A3 | 5.08% | 12/15/28 | 3373105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5325000 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class A2 | 4.03% | 07/17/28 | 5331605 |
|  | American Credit Acceptance Receivables Trust | American Credit Acceptance Receivables Trust | American Credit Acceptance Receivables Trust | American Credit Acceptance Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 2726020 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A (c) | 4.73% | 01/12/29 | 2733380 |
|  | AMMC CLO 30 Ltd. | AMMC CLO 30 Ltd. | AMMC CLO 30 Ltd. | AMMC CLO 30 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-30A, Class A1, 3 Mo. CME Term SOFR + <br> 1.68% (a) (c) | 5.35% | 01/15/37 | 2400000 |
|  | Anchorage Capital CLO 18 Ltd. | Anchorage Capital CLO 18 Ltd. | Anchorage Capital CLO 18 Ltd. | Anchorage Capital CLO 18 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-18A, Class A1, 3 Mo. CME Term SOFR + <br> 1.41% (a) (c) | 5.08% | 04/15/34 | 300393 |
|  | Anchorage Capital CLO 6 Ltd. | Anchorage Capital CLO 6 Ltd. | Anchorage Capital CLO 6 Ltd. | Anchorage Capital CLO 6 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 3714286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-6A, Class XR4, 3 Mo. CME Term SOFR + <br> 1.15% (a) (c) | 4.77% | 07/22/38 | 3717287 |
|  | Apidos CLO XXIV | Apidos CLO XXIV | Apidos CLO XXIV | Apidos CLO XXIV |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-24A, Class A1AL, 3 Mo. CME Term SOFR + CSA <br> + 0.95% (a) (c) | 4.88% | 10/20/30 | 115029 |
|  | Ares LXIII CLO Ltd. | Ares LXIII CLO Ltd. | Ares LXIII CLO Ltd. | Ares LXIII CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 2291667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-63A, Class XR, 3 Mo. CME Term SOFR + <br> 1.05% (a) (c) | 4.72% | 10/15/38 | 2293404 |
|  | Atlas Senior Loan Fund XV Ltd. | Atlas Senior Loan Fund XV Ltd. | Atlas Senior Loan Fund XV Ltd. | Atlas Senior Loan Fund XV Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-15A, Class A1R, 3 Mo. CME Term SOFR + <br> 1.22% (a) (c) | 4.89% | 10/23/32 | 240730 |
|  | Atlas Senior Loan Fund XVIII Ltd. | Atlas Senior Loan Fund XVIII Ltd. | Atlas Senior Loan Fund XVIII Ltd. | Atlas Senior Loan Fund XVIII Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-18A, Class A1R, 3 Mo. CME Term SOFR + <br> 1.11% (a) (c) | 4.78% | 01/18/35 | 500935 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** |
|  | Bain Capital Credit CLO | Bain Capital Credit CLO | Bain Capital Credit CLO | Bain Capital Credit CLO |
| $678137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-2A, Class A1R, 3 Mo. CME Term SOFR + <br> 1.08% (a) (c) | 4.75% | 07/19/31 | $678857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-1A, Class AR3, 3 Mo. CME Term SOFR + <br> 0.98% (a) (c) (d) | 0.00% | 04/19/34 | 5002755 |
|  | Bain Capital Credit CLO Ltd. | Bain Capital Credit CLO Ltd. | Bain Capital Credit CLO Ltd. | Bain Capital Credit CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 4447250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1A, Class A1RR, 3 Mo. CME Term SOFR + <br> 0.99% (a) (c) | 4.66% | 04/18/33 | 4450960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-2A, Class ARR, 3 Mo. CME Term SOFR + <br> 1.24% (a) (c) | 4.91% | 07/19/34 | 1300000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 916667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-3A, Class XR, 3 Mo. CME Term SOFR + <br> 1.00% (a) (c) | 4.67% | 10/24/38 | 917383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3A, Class A1, 3 Mo. CME Term SOFR + <br> 1.48% (a) (c) | 5.15% | 07/16/37 | 1003722 |
|  | Bank of America Auto Trust | Bank of America Auto Trust | Bank of America Auto Trust | Bank of America Auto Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 12148447 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A3 (c) | 5.35% | 11/15/28 | 12255331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2245162 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2A (c) | 4.52% | 11/22/27 | 2249207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1962064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2B, 30 Day Average SOFR + <br> 0.55% (a) (c) | 4.25% | 11/22/27 | 1963482 |
|  | Battalion CLO IX Ltd. | Battalion CLO IX Ltd. | Battalion CLO IX Ltd. | Battalion CLO IX Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 3757524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-9A, Class ARR, 3 Mo. CME Term SOFR + <br> 0.96% (a) (c) | 4.63% | 07/15/31 | 3762594 |
|  | Battalion CLO X Ltd. | Battalion CLO X Ltd. | Battalion CLO X Ltd. | Battalion CLO X Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 4990887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-10A, Class A1R3, 3 Mo. CME Term SOFR + <br> 1.14% (a) (c) | 4.81% | 01/24/35 | 4997376 |
|  | Battalion CLO XIV Ltd. | Battalion CLO XIV Ltd. | Battalion CLO XIV Ltd. | Battalion CLO XIV Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 4997777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-14A, Class AR2, 3 Mo. CME Term SOFR + <br> 1.14% (a) (c) | 4.81% | 01/20/35 | 5007272 |
|  | Battalion CLO XXI Ltd. | Battalion CLO XXI Ltd. | Battalion CLO XXI Ltd. | Battalion CLO XXI Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-21A, Class AR, 3 Mo. CME Term SOFR + <br> 1.15% (a) (c) | 4.82% | 07/15/34 | 7511087 |
|  | Battalion CLO XXII Ltd. | Battalion CLO XXII Ltd. | Battalion CLO XXII Ltd. | Battalion CLO XXII Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-22A, Class AR, 3 Mo. CME Term SOFR + <br> 1.18% (a) (c) | 4.85% | 01/20/35 | 601145 |
|  | Black Diamond CLO Ltd. | Black Diamond CLO Ltd. | Black Diamond CLO Ltd. | Black Diamond CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 785000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1A, Class A1AR, 3 Mo. CME Term SOFR + <br> 1.25% (a) (c) | 4.92% | 11/22/34 | 786108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1A, Class A1, 3 Mo. CME Term SOFR + <br> 1.65% (a) (c) | 5.32% | 10/25/37 | 100497 |
|  | BlackRock DLF X CLO, L.P. | BlackRock DLF X CLO, L.P. | BlackRock DLF X CLO, L.P. | BlackRock DLF X CLO, L.P. |
| &nbsp;&nbsp;&nbsp;&nbsp; 9950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2A, Class A, 3 Mo. CME Term SOFR + <br> 1.27% (a) (c) | 5.05% | 11/21/33 | 9937618 |
|  | BlueMountain CLO Ltd. | BlueMountain CLO Ltd. | BlueMountain CLO Ltd. | BlueMountain CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 10400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-4A, Class CR2, 3 Mo. CME Term SOFR + <br> 1.30% (a) (c) | 4.97% | 04/20/30 | 10410021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4023241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-3A, Class A1R2, 3 Mo. CME Term SOFR + <br> 1.20% (a) (c) | 5.05% | 11/15/30 | 4027995 |
|  | BlueMountain CLO XXII Ltd. | BlueMountain CLO XXII Ltd. | BlueMountain CLO XXII Ltd. | BlueMountain CLO XXII Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-22A, Class A1, 3 Mo. CME Term SOFR + CSA + <br> 1.08% (a) (c) | 5.01% | 07/15/31 | 109750 |
|  | BlueMountain CLO XXVIII Ltd. | BlueMountain CLO XXVIII Ltd. | BlueMountain CLO XXVIII Ltd. | BlueMountain CLO XXVIII Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 3666667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-28A, Class X, 3 Mo. CME Term SOFR + <br> 1.05% (a) (c) | 4.72% | 03/31/38 | 3668928 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** |
|  | BlueMountain CLO XXXI Ltd. | BlueMountain CLO XXXI Ltd. | BlueMountain CLO XXXI Ltd. | BlueMountain CLO XXXI Ltd. |
| $10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-31A, Class A1R, 3 Mo. CME Term SOFR + <br> 1.10% (a) (c) | 4.77% | 04/19/34 | $10022785 |
|  | BMW Vehicle Lease Trust | BMW Vehicle Lease Trust | BMW Vehicle Lease Trust | BMW Vehicle Lease Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 12682891 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class A3 | 4.98% | 03/25/27 | 12710440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; Series 2025-2, Class A2A | 3.94% | 11/26/27 | 5003008 |
|  | BMW Vehicle Owner Trust | BMW Vehicle Owner Trust | BMW Vehicle Owner Trust | BMW Vehicle Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 13729424 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A3 | 5.18% | 02/26/29 | 13857034 |
|  | Bridge Street CLO II Ltd. | Bridge Street CLO II Ltd. | Bridge Street CLO II Ltd. | Bridge Street CLO II Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1A, Class A1A, 3 Mo. CME Term SOFR + CSA + <br> 1.23% (a) (c) | 5.16% | 07/20/34 | 250000 |
|  | Canyon CLO Ltd. | Canyon CLO Ltd. | Canyon CLO Ltd. | Canyon CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 589172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-1A, Class A, 3 Mo. CME Term SOFR + CSA + <br> 1.07% (a) (c) | 5.00% | 07/15/31 | 589986 |
|  | Carlyle Global Market Strategies CLO Ltd. | Carlyle Global Market Strategies CLO Ltd. | Carlyle Global Market Strategies CLO Ltd. | Carlyle Global Market Strategies CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-1A, Class AR3, 3 Mo. CME Term SOFR + CSA + <br> 0.98% (a) (c) | 4.91% | 07/20/31 | 31768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-1A, Class BR3, 3 Mo. CME Term SOFR + CSA + <br> 1.55% (a) (c) | 5.48% | 07/20/31 | 250777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-1A, Class A1R3, 3 Mo. CME Term SOFR + <br> 1.09% (a) (c) | 4.76% | 04/20/34 | 15017383 |
|  | CarMax Auto Owner Trust | CarMax Auto Owner Trust | CarMax Auto Owner Trust | CarMax Auto Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 926380 | &nbsp;&nbsp;&nbsp; Series 2022-4, Class A3 | 5.34% | 08/16/27 | 928623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 853763 | &nbsp;&nbsp;&nbsp; Series 2024-3, Class A2A | 5.21% | 09/15/27 | 855098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4728163 | &nbsp;&nbsp;&nbsp; Series 2025-2, Class A2A | 4.59% | 07/17/28 | 4743389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4724226 | &nbsp;&nbsp;&nbsp; Series 2025-2, Class A2B, 30 Day Average SOFR + 0.69% (a) | 4.40% | 07/17/28 | 4732871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; Series 2026-1, Class A2A | 3.87% | 04/16/29 | 10009430 |
|  | CarMax Select Receivables Trust | CarMax Select Receivables Trust | CarMax Select Receivables Trust | CarMax Select Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1203260 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A2A | 5.78% | 09/15/27 | 1205092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2883500 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A2B, 30 Day Average SOFR + 0.73% (a) | 4.44% | 09/15/27 | 2884538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2411382 | &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2A | 4.76% | 05/15/28 | 2417025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4822763 | &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2B, 30 Day Average SOFR + 0.68% (a) | 4.39% | 05/15/28 | 4826183 |
|  | CarVal CLO I Ltd. | CarVal CLO I Ltd. | CarVal CLO I Ltd. | CarVal CLO I Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 2687634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-1A, Class AR, 3 Mo. CME Term SOFR + <br> 1.23% (a) (c) | 4.90% | 07/16/31 | 2691731 |
|  | CarVal CLO VI-C Ltd. | CarVal CLO VI-C Ltd. | CarVal CLO VI-C Ltd. | CarVal CLO VI-C Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1A, Class XR, 3 Mo. CME Term SOFR + <br> 0.95% (c) (d) | 0.00% | 03/21/38 | 5001250 |
|  | CFIP CLO Ltd. | CFIP CLO Ltd. | CFIP CLO Ltd. | CFIP CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1A, Class A, 3 Mo. CME Term SOFR + CSA + <br> 1.22% (a) (c) | 5.15% | 01/20/35 | 4006581 |
|  | Chase Auto Owner Trust | Chase Auto Owner Trust | Chase Auto Owner Trust | Chase Auto Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 5924092 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A3 (c) | 5.13% | 05/25/29 | 5983448 |
|  | CIFC Funding III Ltd. | CIFC Funding III Ltd. | CIFC Funding III Ltd. | CIFC Funding III Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-3A, Class A, 3 Mo. CME Term SOFR + <br> 1.41% (a) (c) | 5.08% | 04/21/35 | 851717 |
|  | CIFC Funding IV Ltd. | CIFC Funding IV Ltd. | CIFC Funding IV Ltd. | CIFC Funding IV Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-4A, Class A1R, 3 Mo. CME Term SOFR + CSA + <br> 0.95% (a) (c) | 4.88% | 10/24/30 | 144578 |
|  | CIFC Funding R Ltd. | CIFC Funding R Ltd. | CIFC Funding R Ltd. | CIFC Funding R Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-3RA, Class A1R, 3 Mo. CME Term SOFR + <br> 1.00% (a) (c) | 4.67% | 04/24/31 | 145654 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** |
|  | Citizens Auto Receivables Trust | Citizens Auto Receivables Trust | Citizens Auto Receivables Trust | Citizens Auto Receivables Trust |
| $8029180 | &nbsp;&nbsp;&nbsp; Series 2024-2, Class A3 (c) | 5.33% | 08/15/28 | $8081337 |
|  | Columbia Cent CLO Ltd. | Columbia Cent CLO Ltd. | Columbia Cent CLO Ltd. | Columbia Cent CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-32A, Class A1R2, 3 Mo. CME Term SOFR + <br> 1.12% (a) (c) | 4.79% | 07/24/34 | 250291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-33A, Class A1, 3 Mo. CME Term SOFR + <br> 1.60% (a) (c) | 5.27% | 04/20/37 | 100460 |
|  | CoreVest American Finance Trust | CoreVest American Finance Trust | CoreVest American Finance Trust | CoreVest American Finance Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 831003 | &nbsp;&nbsp;&nbsp; Series 2020-2, Class A (c) | 3.38% | 05/15/52 | 829697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5492330 | &nbsp;&nbsp;&nbsp; Series 2021-1, Class A (c) | 1.57% | 04/15/53 | 5421239 |
|  | CQS US CLO Ltd. | CQS US CLO Ltd. | CQS US CLO Ltd. | CQS US CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1A, Class AR, 3 Mo. CME Term SOFR + <br> 1.20% (a) (c) | 4.87% | 01/20/35 | 1350674 |
|  | Crown City CLO V | Crown City CLO V | Crown City CLO V | Crown City CLO V |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-5A, Class A1R, 3 Mo. CME Term SOFR + <br> 1.60% (a) (c) | 5.27% | 04/20/37 | 502319 |
|  | Crown Point CLO 8 Ltd. | Crown Point CLO 8 Ltd. | Crown Point CLO 8 Ltd. | Crown Point CLO 8 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-8A, Class AR, 3 Mo. CME Term SOFR + <br> 1.45% (a) (c) | 5.12% | 10/20/34 | 500783 |
|  | Dell Equipment Finance Trust | Dell Equipment Finance Trust | Dell Equipment Finance Trust | Dell Equipment Finance Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 4836063 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class A3 (c) | 5.39% | 03/22/30 | 4871131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10496070 | &nbsp;&nbsp;&nbsp; Series 2024-2, Class A2 (c) | 4.69% | 08/22/30 | 10514976 |
|  | Dewolf Park CLO Ltd. | Dewolf Park CLO Ltd. | Dewolf Park CLO Ltd. | Dewolf Park CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-1A, Class AR, 3 Mo. CME Term SOFR + CSA + <br> 0.92% (a) (c) | 4.85% | 10/15/30 | 35068 |
|  | DLLAA LLC | DLLAA LLC | DLLAA LLC | DLLAA LLC |
| &nbsp;&nbsp;&nbsp;&nbsp; 4434503 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2 (c) | 4.70% | 10/20/27 | 4451016 |
|  | Dryden 37 Senior Loan Fund | Dryden 37 Senior Loan Fund | Dryden 37 Senior Loan Fund | Dryden 37 Senior Loan Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-37A, Class AR, 3 Mo. CME Term SOFR + CSA + <br> 1.10% (a) (c) | 5.03% | 01/15/31 | 114939 |
|  | Dryden 40 Senior Loan Fund | Dryden 40 Senior Loan Fund | Dryden 40 Senior Loan Fund | Dryden 40 Senior Loan Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-40A, Class AR2, 3 Mo. CME Term SOFR + CSA + <br> 0.89% (a) (c) | 5.00% | 08/15/31 | 168303 |
|  | Dryden 45 Senior Loan Fund | Dryden 45 Senior Loan Fund | Dryden 45 Senior Loan Fund | Dryden 45 Senior Loan Fund |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-45A, Class BRR, 3 Mo. CME Term SOFR + <br> 1.65% (a) (c) | 5.32% | 10/15/30 | 2005895 |
|  | Dryden 53 CLO Ltd. | Dryden 53 CLO Ltd. | Dryden 53 CLO Ltd. | Dryden 53 CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 13338578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-53A, Class AR, 3 Mo. CME Term SOFR + <br> 1.00% (a) (c) | 4.67% | 01/15/31 | 13357607 |
|  | Dryden 54 Senior Loan Fund | Dryden 54 Senior Loan Fund | Dryden 54 Senior Loan Fund | Dryden 54 Senior Loan Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-54A, Class AR, 3 Mo. CME Term SOFR + <br> 1.15% (a) (c) | 4.82% | 10/19/29 | 8966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-54A, Class BR, 3 Mo. CME Term SOFR + <br> 1.50% (a) (c) | 5.17% | 10/19/29 | 8563131 |
|  | Dryden 55 CLO Ltd. | Dryden 55 CLO Ltd. | Dryden 55 CLO Ltd. | Dryden 55 CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 779950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-55A, Class A1, 3 Mo. CME Term SOFR + CSA + <br> 1.02% (a) (c) | 4.95% | 04/15/31 | 780725 |
|  | Dryden 60 CLO Ltd. | Dryden 60 CLO Ltd. | Dryden 60 CLO Ltd. | Dryden 60 CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-60A, Class A, 3 Mo. CME Term SOFR + CSA + <br> 1.05% (a) (c) | 4.98% | 07/15/31 | 148640 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** |
|  | Dryden 61 CLO Ltd. | Dryden 61 CLO Ltd. | Dryden 61 CLO Ltd. | Dryden 61 CLO Ltd. |
| $10849761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-61A, Class A1R2, 3 Mo. CME Term SOFR + <br> 1.08% (a) (c) | 4.75% | 01/17/32 | $10874742 |
|  | Dryden 64 CLO Ltd. | Dryden 64 CLO Ltd. | Dryden 64 CLO Ltd. | Dryden 64 CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-64A, Class B, 3 Mo. CME Term SOFR + CSA + <br> 1.40% (a) (c) | 5.33% | 04/18/31 | 1203621 |
|  | Dryden 80 CLO Ltd. | Dryden 80 CLO Ltd. | Dryden 80 CLO Ltd. | Dryden 80 CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 4184844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-80A, Class ARR, 3 Mo. CME Term SOFR + <br> 0.95% (a) (c) | 4.62% | 01/17/33 | 4188273 |
|  | Eaton Vance CLO Ltd. | Eaton Vance CLO Ltd. | Eaton Vance CLO Ltd. | Eaton Vance CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 976000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-1A, Class AR2, 3 Mo. CME Term SOFR + <br> 1.51% (a) (c) | 5.18% | 07/15/37 | 980295 |
|  | Elevation CLO Ltd. | Elevation CLO Ltd. | Elevation CLO Ltd. | Elevation CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-19A, Class X, 3 Mo. CME Term SOFR + <br> 0.95% (a) (c) (d) | 0.00% | 03/31/38 | 1500375 |
|  | Elmwood CLO 20 Ltd. | Elmwood CLO 20 Ltd. | Elmwood CLO 20 Ltd. | Elmwood CLO 20 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-7A, Class AR, 3 Mo. CME Term SOFR + <br> 1.50% (a) (c) | 5.17% | 01/17/37 | 305000 |
|  | Elmwood CLO 29 Ltd. | Elmwood CLO 29 Ltd. | Elmwood CLO 29 Ltd. | Elmwood CLO 29 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-5A, Class AR1, 3 Mo. CME Term SOFR + <br> 1.52% (a) (c) | 5.19% | 04/20/37 | 150633 |
|  | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1884429 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A2 | 4.78% | 06/15/27 | 1885183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4491752 | &nbsp;&nbsp;&nbsp; Series 2025-3A, Class A2 | 4.83% | 01/18/28 | 4498861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; Series 2026-1A, Class A2 | 4.08% | 09/15/28 | 5002378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4649000 | &nbsp;&nbsp;&nbsp; Series 2026-1A, Class A3 | 4.03% | 03/15/30 | 4657560 |
|  | Exeter Select Automobile Receivables Trust | Exeter Select Automobile Receivables Trust | Exeter Select Automobile Receivables Trust | Exeter Select Automobile Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 5916344 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class A2 | 4.83% | 10/16/28 | 5933415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6759067 | &nbsp;&nbsp;&nbsp; Series 2025-2, Class A2 | 4.54% | 06/15/29 | 6782585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15020000 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A2 | 4.24% | 05/15/29 | 15039262 |
|  | Ford Credit Auto Lease Trust | Ford Credit Auto Lease Trust | Ford Credit Auto Lease Trust | Ford Credit Auto Lease Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82735 | &nbsp;&nbsp;&nbsp; Series 2024-B, Class A2A | 5.18% | 02/15/27 | 82781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14000000 | &nbsp;&nbsp;&nbsp; Series 2025-A, Class A3 | 4.72% | 06/15/28 | 14131863 |
|  | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 12599861 | &nbsp;&nbsp;&nbsp; Series 2022-C, Class A4 | 4.59% | 12/15/27 | 12622224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4064051 | &nbsp;&nbsp;&nbsp; Series 2023-A, Class A3 | 4.65% | 02/15/28 | 4075306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8771255 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A3 | 5.09% | 12/15/28 | 8851124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10535639 | &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2A | 4.47% | 12/15/27 | 10563398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3490934 | &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2B, 30 Day Average SOFR + 0.41% (a) | 4.12% | 12/15/27 | 3494058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8500000 | &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2A | 3.88% | 06/15/28 | 8504573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8400000 | &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2B, 30 Day Average SOFR + 0.30% (a) | 4.01% | 06/15/28 | 8403189 |
|  | Fortress Credit BSL VII Ltd. | Fortress Credit BSL VII Ltd. | Fortress Credit BSL VII Ltd. | Fortress Credit BSL VII Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 457274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-1A, Class A1R, 3 Mo. CME Term SOFR + <br> 1.09% (a) (c) | 4.76% | 07/23/32 | 457984 |
|  | Fortress Credit BSL XIX Ltd. | Fortress Credit BSL XIX Ltd. | Fortress Credit BSL XIX Ltd. | Fortress Credit BSL XIX Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 833334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-2A, Class XR, 3 Mo. CME Term SOFR + <br> 1.10% (a) (c) | 4.77% | 07/24/36 | 834504 |
|  | Galaxy XXII CLO Ltd. | Galaxy XXII CLO Ltd. | Galaxy XXII CLO Ltd. | Galaxy XXII CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 373772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-22A, Class ARRR, 3 Mo. CME Term SOFR + <br> 1.24% (a) (c) | 4.91% | 04/16/34 | 373772 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** |
|  | Gallatin CLO VIII Ltd. | Gallatin CLO VIII Ltd. | Gallatin CLO VIII Ltd. | Gallatin CLO VIII Ltd. |
| $139351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-1A, Class A1R, 3 Mo. CME Term SOFR + CSA + <br> 1.09% (a) (c) | 5.02% | 07/15/31 | $139553 |
|  | GLS Auto Receivables Issuer Trust | GLS Auto Receivables Issuer Trust | GLS Auto Receivables Issuer Trust | GLS Auto Receivables Issuer Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 787502 | &nbsp;&nbsp;&nbsp; Series 2024-4A, Class A2 (c) | 4.76% | 10/15/27 | 787692 |
|  | GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1507560 | &nbsp;&nbsp;&nbsp; Series 2023-2, Class A3 | 4.47% | 02/16/28 | 1510217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4557795 | &nbsp;&nbsp;&nbsp; Series 2024-4, Class A2B, 30 Day Average SOFR + 0.40% (a) | 4.11% | 10/18/27 | 4558906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2299432 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A2A | 4.32% | 06/16/28 | 2304969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2299432 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A2B, 30 Day Average SOFR + 0.30% (a) | 4.01% | 06/16/28 | 2300332 |
|  | Greywolf CLO IV Ltd. | Greywolf CLO IV Ltd. | Greywolf CLO IV Ltd. | Greywolf CLO IV Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-1A, Class A1R2, 3 Mo. CME Term SOFR + <br> 1.24% (a) (c) | 4.91% | 04/17/34 | 20020012 |
|  | Greywolf CLO VII Ltd. | Greywolf CLO VII Ltd. | Greywolf CLO VII Ltd. | Greywolf CLO VII Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-2A, Class A1, 3 Mo. CME Term SOFR + CSA + <br> 1.18% (a) (c) | 5.11% | 10/20/31 | 1473 |
|  | HalseyPoint CLO 4 Ltd. | HalseyPoint CLO 4 Ltd. | HalseyPoint CLO 4 Ltd. | HalseyPoint CLO 4 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-4A, Class A, 3 Mo. CME Term SOFR + CSA + <br> 1.22% (a) (c) | 5.15% | 04/20/34 | 300423 |
|  | Honda Auto Receivables Owner Trust | Honda Auto Receivables Owner Trust | Honda Auto Receivables Owner Trust | Honda Auto Receivables Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 21422156 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class A3 | 5.21% | 08/15/28 | 21606434 |
|  | Hyundai Auto Lease Securitization Trust | Hyundai Auto Lease Securitization Trust | Hyundai Auto Lease Securitization Trust | Hyundai Auto Lease Securitization Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 2674881 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A3 (c) | 5.02% | 03/15/27 | 2679405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11451203 | &nbsp;&nbsp;&nbsp; Series 2024-B, Class A3 (c) | 5.41% | 05/17/27 | 11504632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4019284 | &nbsp;&nbsp;&nbsp; Series 2024-C, Class A2A (c) | 4.77% | 03/15/27 | 4028041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5135976 | &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2A (c) | 4.58% | 09/15/27 | 5157007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5135976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B, Class A2B, 30 Day Average SOFR + <br> 0.70% (a) (c) | 4.41% | 09/15/27 | 5146667 |
|  | Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 328080 | &nbsp;&nbsp;&nbsp; Series 2023-A, Class A3 | 4.58% | 04/15/27 | 328290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7227694 | &nbsp;&nbsp;&nbsp; Series 2023-C, Class A3 | 5.54% | 10/16/28 | 7283474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 952239 | &nbsp;&nbsp;&nbsp; Series 2024-C, Class A2A | 4.53% | 09/15/27 | 953611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6810712 | &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2B, 30 Day Average SOFR + 0.34% (a) | 4.05% | 12/15/27 | 6813978 |
|  | ICG U.S. CLO Ltd. | ICG U.S. CLO Ltd. | ICG U.S. CLO Ltd. | ICG U.S. CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-1A, Class A1A2, 3 Mo. CME Term SOFR + CSA + <br> 1.20% (a) (c) | 5.13% | 10/20/34 | 250384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 991678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-2RA, Class A1R, 3 Mo. CME Term SOFR + <br> 0.99% (a) (c) | 4.66% | 01/16/33 | 992569 |
|  | John Deere Owner Trust | John Deere Owner Trust | John Deere Owner Trust | John Deere Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 5354584 | &nbsp;&nbsp;&nbsp; Series 2023-B, Class A3 | 5.18% | 03/15/28 | 5387221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 16883208 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A3 | 4.96% | 11/15/28 | 17030310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4947319 | &nbsp;&nbsp;&nbsp; Series 2024-C, Class A2B, 30 Day Average SOFR + 0.43% (a) | 4.14% | 08/16/27 | 4949664 |
|  | KKR CLO 24 Ltd. | KKR CLO 24 Ltd. | KKR CLO 24 Ltd. | KKR CLO 24 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 24, Class A1R, 3 Mo. CME Term SOFR + CSA + <br> 1.08% (a) (c) | 5.01% | 04/20/32 | 99546 |
|  | KKR CLO 25 Ltd. | KKR CLO 25 Ltd. | KKR CLO 25 Ltd. | KKR CLO 25 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; Series 25, Class AR2, 3 Mo. CME Term SOFR + 0.95% (a) (c) | 4.62% | 07/15/34 | 600356 |
|  | KKR CLO 41 Ltd. | KKR CLO 41 Ltd. | KKR CLO 41 Ltd. | KKR CLO 41 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 5500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-41A, Class A1, 3 Mo. CME Term SOFR + <br> 1.33% (a) (c) | 5.00% | 04/15/35 | 5510981 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** |
|  | KKR CLO 46 Ltd. | KKR CLO 46 Ltd. | KKR CLO 46 Ltd. | KKR CLO 46 Ltd. |
| $600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-46A, Class X, 3 Mo. CME Term SOFR + <br> 1.10% (a) (c) | 4.77% | 10/20/37 | $600358 |
|  | KKR CLO 9 Ltd. | KKR CLO 9 Ltd. | KKR CLO 9 Ltd. | KKR CLO 9 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 9, Class BR2, 3 Mo. CME Term SOFR + CSA + <br> 1.65% (a) (c) | 5.58% | 07/15/30 | 238096 |
|  | Kubota Credit Owner Trust | Kubota Credit Owner Trust | Kubota Credit Owner Trust | Kubota Credit Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233790 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2 (c) | 5.39% | 01/15/27 | 233932 |
|  | LAD Auto Receivables Trust | LAD Auto Receivables Trust | LAD Auto Receivables Trust | LAD Auto Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 9020104 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A2 (c) | 4.30% | 07/17/28 | 9032198 |
|  | LCM 26 Ltd. | LCM 26 Ltd. | LCM 26 Ltd. | LCM 26 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 26A, Class B, 3 Mo. CME Term SOFR + CSA + <br> 1.40% (a) (c) | 5.33% | 01/20/31 | 18277 |
|  | LCM 29 Ltd. | LCM 29 Ltd. | LCM 29 Ltd. | LCM 29 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 29A, Class AR, 3 Mo. CME Term SOFR + CSA + <br> 1.07% (a) (c) | 5.00% | 04/15/31 | 76252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; Series 31A, Class AR, 3 Mo. CME Term SOFR + 1.28% (a) (c) | 4.95% | 07/20/34 | 5006709 |
|  | LCM 37 Ltd. | LCM 37 Ltd. | LCM 37 Ltd. | LCM 37 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226493 | &nbsp;&nbsp;&nbsp; Series 37A, Class A1R, 3 Mo. CME Term SOFR + 1.06% (a) (c) | 4.73% | 04/15/34 | 226750 |
|  | Madison Park Funding XXXIII Ltd. | Madison Park Funding XXXIII Ltd. | Madison Park Funding XXXIII Ltd. | Madison Park Funding XXXIII Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-33A, Class AR, 3 Mo. CME Term SOFR + <br> 1.29% (a) (c) | 4.96% | 10/15/32 | 219581 |
|  | MAN GLG U.S. CLO Ltd. | MAN GLG U.S. CLO Ltd. | MAN GLG U.S. CLO Ltd. | MAN GLG U.S. CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1A, Class A1, 3 Mo. CME Term SOFR + CSA + <br> 1.30% (a) (c) | 5.23% | 07/15/34 | 1502489 |
|  | Mercedes-Benz Auto Receivables Trust | Mercedes-Benz Auto Receivables Trust | Mercedes-Benz Auto Receivables Trust | Mercedes-Benz Auto Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1257922 | &nbsp;&nbsp;&nbsp; Series 2022-1, Class A3 | 5.21% | 08/16/27 | 1261150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6644904 | &nbsp;&nbsp;&nbsp; Series 2023-1, Class A3 | 4.51% | 11/15/27 | 6659003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 19646954 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class A3 | 4.80% | 04/16/29 | 19787984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3965091 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class A2B, 30 Day Average SOFR + 0.32% (a) | 4.03% | 02/15/28 | 3966160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class A3 | 4.78% | 12/17/29 | 10136617 |
|  | Milos CLO Ltd. | Milos CLO Ltd. | Milos CLO Ltd. | Milos CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-1A, Class BR, 3 Mo. CME Term SOFR + CSA + <br> 1.55% (a) (c) | 5.48% | 10/20/30 | 150703 |
|  | Mountain View CLO XIV Ltd. | Mountain View CLO XIV Ltd. | Mountain View CLO XIV Ltd. | Mountain View CLO XIV Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-1A, Class A1R, 3 Mo. CME Term SOFR + <br> 1.16% (a) (c) | 6.81% | 10/15/34 | 500593 |
|  | Mountain View CLO XV Ltd. | Mountain View CLO XV Ltd. | Mountain View CLO XV Ltd. | Mountain View CLO XV Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 825000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-2A, Class A1R, 3 Mo. CME Term SOFR + <br> 1.67% (a) (c) | 5.34% | 07/15/37 | 828861 |
|  | Neuberger Berman Loan Advisers CLO 34 Ltd. | Neuberger Berman Loan Advisers CLO 34 Ltd. | Neuberger Berman Loan Advisers CLO 34 Ltd. | Neuberger Berman Loan Advisers CLO 34 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 4500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-34A, Class XR2, 3 Mo. CME Term SOFR + <br> 0.97% (a) (c) | 4.64% | 07/20/39 | 4502692 |
|  | Neuberger Berman Loan Advisers CLO 43 Ltd. | Neuberger Berman Loan Advisers CLO 43 Ltd. | Neuberger Berman Loan Advisers CLO 43 Ltd. | Neuberger Berman Loan Advisers CLO 43 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-43A, Class AR, 3 Mo. CME Term SOFR + <br> 1.05% (a) (c) | 4.72% | 07/17/36 | 1000848 |
|  | Nissan Auto Lease Trust | Nissan Auto Lease Trust | Nissan Auto Lease Trust | Nissan Auto Lease Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 17545142 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A3 | 4.91% | 04/15/27 | 17583124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7150067 | &nbsp;&nbsp;&nbsp; Series 2024-B, Class A2A | 5.05% | 06/15/27 | 7175166 |
|  | Oaktree CLO Ltd. | Oaktree CLO Ltd. | Oaktree CLO Ltd. | Oaktree CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-26A, Class A1, 3 Mo. CME Term SOFR + <br> 1.53% (a) (c) | 5.20% | 04/20/37 | 753183 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** |
|  | Obra CLO Ltd. | Obra CLO Ltd. | Obra CLO Ltd. | Obra CLO Ltd. |
| $220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2A, Class A1, 3 Mo. CME Term SOFR + <br> 1.54% (a) (c) | 5.21% | 07/20/38 | $220537 |
|  | Octagon 54 Ltd. | Octagon 54 Ltd. | Octagon 54 Ltd. | Octagon 54 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 10300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1A, Class A1, 3 Mo. CME Term SOFR + CSA + <br> 1.12% (a) (c) | 5.05% | 07/15/34 | 10313093 |
|  | Octagon Investment Partners 34 Ltd. | Octagon Investment Partners 34 Ltd. | Octagon Investment Partners 34 Ltd. | Octagon Investment Partners 34 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 393577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-1A, Class B1, 3 Mo. CME Term SOFR + CSA + <br> 1.40% (a) (c) | 5.33% | 01/20/30 | 394303 |
|  | Octagon Investment Partners 44 Ltd. | Octagon Investment Partners 44 Ltd. | Octagon Investment Partners 44 Ltd. | Octagon Investment Partners 44 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-1A, Class AR2, 3 Mo. CME Term SOFR + <br> 1.15% (a) (c) | 4.82% | 10/15/34 | 25049217 |
|  | OFSI BSL X Ltd. | OFSI BSL X Ltd. | OFSI BSL X Ltd. | OFSI BSL X Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-10A, Class AR, 3 Mo. CME Term SOFR + <br> 1.27% (a) (c) | 4.94% | 04/20/34 | 150299 |
|  | OHA Credit Funding 12-R Ltd. | OHA Credit Funding 12-R Ltd. | OHA Credit Funding 12-R Ltd. | OHA Credit Funding 12-R Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 2677500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-12RA, Class X, 3 Mo. CME Term SOFR + <br> 0.95% (a) (c) | 4.62% | 07/20/37 | 2680126 |
|  | OHA Credit Partners XI Ltd. | OHA Credit Partners XI Ltd. | OHA Credit Partners XI Ltd. | OHA Credit Partners XI Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-11A, Class A1R2, 3 Mo. CME Term SOFR + <br> 1.46% (a) (c) | 5.13% | 04/20/37 | 426594 |
|  | OZLM XV Ltd. | OZLM XV Ltd. | OZLM XV Ltd. | OZLM XV Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 3231720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-15A, Class A1R3, 3 Mo. CME Term SOFR + <br> 1.05% (a) (c) | 4.72% | 04/20/33 | 3235124 |
|  | OZLM XXIV Ltd. | OZLM XXIV Ltd. | OZLM XXIV Ltd. | OZLM XXIV Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-24A, Class A1AR, 3 Mo. CME Term SOFR + CSA <br> + 1.16% (a) (c) | 5.09% | 07/20/32 | 62150 |
|  | Pagaya AI Debt Grantor Trust | Pagaya AI Debt Grantor Trust | Pagaya AI Debt Grantor Trust | Pagaya AI Debt Grantor Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 646492 | &nbsp;&nbsp;&nbsp; Series 2024-2, Class A (c) | 6.32% | 08/15/31 | 647958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 907207 | &nbsp;&nbsp;&nbsp; Series 2024-5, Class A (c) | 6.28% | 10/15/31 | 911584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4014886 | &nbsp;&nbsp;&nbsp; Series 2024-10, Class A (c) | 5.18% | 06/15/32 | 4034214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2758021 | &nbsp;&nbsp;&nbsp; Series 2024-11, Class A (c) | 5.09% | 07/15/32 | 2773151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4436083 | &nbsp;&nbsp;&nbsp; Series 2025-5, Class A1 (c) | 4.68% | 08/17/26 | 4439070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4677306 | &nbsp;&nbsp;&nbsp; Series 2025-6, Class A (c) (e) | 4.36% | 04/15/33 | 4681913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15868107 | &nbsp;&nbsp;&nbsp; Series 2025-7, Class A1 (c) | 4.27% | 11/16/26 | 15871849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7270377 | &nbsp;&nbsp;&nbsp; Series 2025-R3, Class A (c) | 4.84% | 01/18/33 | 7284455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; Series 2026-1, Class A1 (c) (d) (f) | 4.23% | 02/15/27 | 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; Series 2026-1, Class A2 (c) (d) (f) | 4.74% | 09/15/33 | 1500000 |
|  | Palmer Square Loan Funding Ltd. | Palmer Square Loan Funding Ltd. | Palmer Square Loan Funding Ltd. | Palmer Square Loan Funding Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 17833814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2A, Class A1, 3 Mo. CME Term SOFR + <br> 0.94% (a) (c) | 4.61% | 07/15/33 | 17855192 |
|  | PFS Financing Corp. | PFS Financing Corp. | PFS Financing Corp. | PFS Financing Corp. |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; Series 2025-C, Class A, 30 Day Average SOFR + 0.95% (a) (c) | 4.66% | 04/15/29 | 10038719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | &nbsp;&nbsp;&nbsp; Series 2025-E, Class A, 30 Day Average SOFR + 0.70% (a) (c) | 4.41% | 07/15/29 | 15021573 |
|  | Pikes Peak CLO | Pikes Peak CLO | Pikes Peak CLO | Pikes Peak CLO |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-2A, Class ARR, 3 Mo. CME Term SOFR + <br> 1.22% (a) (c) | 4.89% | 10/11/34 | 350396 |
|  | Point Au Roche Park CLO Ltd. | Point Au Roche Park CLO Ltd. | Point Au Roche Park CLO Ltd. | Point Au Roche Park CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1A, Class A, 3 Mo. CME Term SOFR + CSA + <br> 1.08% (a) (c) | 5.01% | 07/20/34 | 140000 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** |
|  | Porsche Financial Auto Securitization Trust | Porsche Financial Auto Securitization Trust | Porsche Financial Auto Securitization Trust | Porsche Financial Auto Securitization Trust |
| $1322452 | &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A3 (c) | 4.81% | 09/22/28 | $1326915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8578264 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2A (c) | 3.91% | 03/22/29 | 8583820 |
|  | Porsche Innovative Lease Owner Trust | Porsche Innovative Lease Owner Trust | Porsche Innovative Lease Owner Trust | Porsche Innovative Lease Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 4646281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2B, 30 Day Average SOFR + <br> 0.50% (a) (c) | 4.20% | 12/20/27 | 4650709 |
|  | RCKT Trust | RCKT Trust | RCKT Trust | RCKT Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1754885 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A (c) | 4.90% | 07/25/34 | 1759567 |
|  | RCKTL Trust | RCKTL Trust | RCKTL Trust | RCKTL Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 5543982 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A (c) | 4.48% | 11/27/34 | 5550719 |
|  | Regatta XVI Funding Ltd. | Regatta XVI Funding Ltd. | Regatta XVI Funding Ltd. | Regatta XVI Funding Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 873883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-2A, Class A1R, 3 Mo. CME Term SOFR + <br> 1.20% (a) (c) | 4.87% | 01/15/33 | 873883 |
|  | Research-Driven Pagaya Motor Asset Trust | Research-Driven Pagaya Motor Asset Trust | Research-Driven Pagaya Motor Asset Trust | Research-Driven Pagaya Motor Asset Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 10550654 | &nbsp;&nbsp;&nbsp; Series 2023-3A, Class A (c) | 7.13% | 01/26/32 | 10569860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6360085 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A (c) | 5.04% | 06/27/33 | 6392134 |
|  | Research-Driven Pagaya Motor Trust | Research-Driven Pagaya Motor Trust | Research-Driven Pagaya Motor Trust | Research-Driven Pagaya Motor Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 2278554 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A (c) | 7.09% | 06/25/32 | 2286893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6250000 | &nbsp;&nbsp;&nbsp; Series 2025-5A, Class A3 (c) | 4.84% | 06/26/34 | 6270544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9400000 | &nbsp;&nbsp;&nbsp; Series 2025-6A, Class A3 (c) | 5.01% | 08/25/34 | 9429673 |
|  | Rockford Tower CLO Ltd. | Rockford Tower CLO Ltd. | Rockford Tower CLO Ltd. | Rockford Tower CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-1A, Class A, 3 Mo. CME Term SOFR + CSA + <br> 1.10% (a) (c) | 5.25% | 05/20/31 | 129216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 528571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-2A, Class AR2, 3 Mo. CME Term SOFR + <br> 1.13% (a) (c) | 5.02% | 08/20/32 | 530000 |
|  | Romark CLO IV Ltd. | Romark CLO IV Ltd. | Romark CLO IV Ltd. | Romark CLO IV Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-4A, Class A1R, 3 Mo. CME Term SOFR + <br> 1.14% (a) (c) | 4.79% | 07/10/34 | 5006793 |
|  | Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1520668 | &nbsp;&nbsp;&nbsp; Series 2022-6, Class C | 4.96% | 11/15/28 | 1523591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8974738 | &nbsp;&nbsp;&nbsp; Series 2024-4, Class A3 | 4.85% | 01/16/29 | 8998095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 565806 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class A2 | 4.76% | 08/16/27 | 565985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6194751 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A2 | 4.63% | 10/16/28 | 6212278 |
|  | Saranac CLO VI Ltd. | Saranac CLO VI Ltd. | Saranac CLO VI Ltd. | Saranac CLO VI Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 701220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-6A, Class A1R, 3 Mo. CME Term SOFR + CSA + <br> 1.14% (a) (c) | 5.12% | 08/13/31 | 701801 |
|  | SBNA Auto Lease Trust | SBNA Auto Lease Trust | SBNA Auto Lease Trust | SBNA Auto Lease Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1994677 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A3 (c) | 5.39% | 11/20/26 | 1997758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6490000 | &nbsp;&nbsp;&nbsp; Series 2025-A, Class A3 (c) | 4.83% | 04/20/28 | 6527612 |
|  | SCCU Auto Receivables Trust | SCCU Auto Receivables Trust | SCCU Auto Receivables Trust | SCCU Auto Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 6685398 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2 (c) | 4.67% | 11/15/28 | 6705850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7500000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A3 (c) | 4.57% | 01/15/31 | 7575337 |
|  | Sculptor CLO XXVII Ltd. | Sculptor CLO XXVII Ltd. | Sculptor CLO XXVII Ltd. | Sculptor CLO XXVII Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; Series 27A, Class A1R, 3 Mo. CME Term SOFR + 1.06% (a) (c) | 4.73% | 07/20/34 | 500000 |
|  | Shackleton CLO Ltd. | Shackleton CLO Ltd. | Shackleton CLO Ltd. | Shackleton CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-4RA, Class A1A, 3 Mo. CME Term SOFR + CSA + <br> 1.00% (a) (c) | 4.91% | 04/13/31 | 1954 |
|  | Sound Point CLO XIX Ltd. | Sound Point CLO XIX Ltd. | Sound Point CLO XIX Ltd. | Sound Point CLO XIX Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-1A, Class A, 3 Mo. CME Term SOFR + CSA + <br> 1.00% (a) (c) | 4.93% | 04/15/31 | 5262 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** |
|  | Sound Point CLO XX Ltd. | Sound Point CLO XX Ltd. | Sound Point CLO XX Ltd. | Sound Point CLO XX Ltd. |
| $188940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-2A, Class A, 3 Mo. CME Term SOFR + CSA + <br> 1.10% (a) (c) | 5.03% | 07/26/31 | $189227 |
|  | Southwick Park CLO LLC | Southwick Park CLO LLC | Southwick Park CLO LLC | Southwick Park CLO LLC |
| &nbsp;&nbsp;&nbsp;&nbsp; 8446005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-4A, Class A1RR, 3 Mo. CME Term SOFR + <br> 1.00% (a) (c) | 4.67% | 07/20/32 | 8471173 |
|  | Steele Creek CLO Ltd. | Steele Creek CLO Ltd. | Steele Creek CLO Ltd. | Steele Creek CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 291260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-1A, Class B, 3 Mo. CME Term SOFR + CSA + <br> 1.60% (a) (c) | 5.53% | 10/15/30 | 292012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 419913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-1A, Class B, 3 Mo. CME Term SOFR + CSA + <br> 1.48% (a) (c) | 5.41% | 04/15/31 | 421013 |
|  | Stellantis Financial Underwritten Enhanced Lease Trust | Stellantis Financial Underwritten Enhanced Lease Trust | Stellantis Financial Underwritten Enhanced Lease Trust | Stellantis Financial Underwritten Enhanced Lease Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 15832305 | &nbsp;&nbsp;&nbsp; Series 2025-AA, Class A2 (c) | 4.63% | 07/20/27 | 15898570 |
|  | Symphony CLO XIX Ltd. | Symphony CLO XIX Ltd. | Symphony CLO XIX Ltd. | Symphony CLO XIX Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-19A, Class A, 3 Mo. CME Term SOFR + CSA + <br> 0.96% (a) (c) | 4.89% | 04/16/31 | 161056 |
|  | Symphony CLO XXII Ltd. | Symphony CLO XXII Ltd. | Symphony CLO XXII Ltd. | Symphony CLO XXII Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 919578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-22A, Class A1AR, 3 Mo. CME Term SOFR + <br> 1.18% (a) (c) | 4.85% | 04/18/33 | 921759 |
|  | Symphony CLO XXIX Ltd. | Symphony CLO XXIX Ltd. | Symphony CLO XXIX Ltd. | Symphony CLO XXIX Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-29A, Class XR, 3 Mo. CME Term SOFR + <br> 1.00% (a) (c) | 4.67% | 10/15/35 | 4004480 |
|  | Symphony CLO XXXII Ltd. | Symphony CLO XXXII Ltd. | Symphony CLO XXXII Ltd. | Symphony CLO XXXII Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 3970000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-32A, Class XR, 3 Mo. CME Term SOFR + <br> 1.00% (a) (c) | 4.67% | 10/23/35 | 3974514 |
|  | TCI-Flatiron CLO Ltd. | TCI-Flatiron CLO Ltd. | TCI-Flatiron CLO Ltd. | TCI-Flatiron CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 3990423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-1A, Class AR2, 3 Mo. CME Term SOFR + <br> 0.95% (a) (c) | 4.62% | 07/29/35 | 3999741 |
|  | TCI-Symphony CLO Ltd. | TCI-Symphony CLO Ltd. | TCI-Symphony CLO Ltd. | TCI-Symphony CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-1A, Class AR, 3 Mo. CME Term SOFR + CSA + <br> 0.93% (a) (c) | 4.86% | 07/15/30 | 248879 |
|  | THL Credit Wind River CLO Ltd. | THL Credit Wind River CLO Ltd. | THL Credit Wind River CLO Ltd. | THL Credit Wind River CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-3A, Class AR2, 3 Mo. CME Term SOFR + <br> 1.20% (a) (c) | 4.87% | 04/15/35 | 700699 |
|  | TICP CLO VII Ltd. | TICP CLO VII Ltd. | TICP CLO VII Ltd. | TICP CLO VII Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-7A, Class ASR2, 3 Mo. CME Term SOFR + <br> 1.30% (a) (c) | 4.97% | 04/15/33 | 341604 |
|  | T-Mobile U.S. Trust | T-Mobile U.S. Trust | T-Mobile U.S. Trust | T-Mobile U.S. Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 27295000 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A (c) | 5.05% | 09/20/29 | 27478974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 17000000 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class A (c) | 4.25% | 05/21/29 | 17084595 |
|  | Toyota Auto Receivables Owner Trust | Toyota Auto Receivables Owner Trust | Toyota Auto Receivables Owner Trust | Toyota Auto Receivables Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483363 | &nbsp;&nbsp;&nbsp; Series 2022-D, Class A3 | 5.30% | 09/15/27 | 2495033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1984294 | &nbsp;&nbsp;&nbsp; Series 2023-B, Class A3 | 4.71% | 02/15/28 | 1991928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5546838 | &nbsp;&nbsp;&nbsp; Series 2023-D, Class A3 | 5.54% | 08/15/28 | 5607595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11682312 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A3 | 4.83% | 10/16/28 | 11759857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4752289 | &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2A | 4.46% | 03/15/28 | 4764488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4497434 | &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2B, 30 Day Average SOFR + 0.54% (a) | 4.25% | 03/15/28 | 4502360 |
|  | Toyota Lease Owner Trust | Toyota Lease Owner Trust | Toyota Lease Owner Trust | Toyota Lease Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 17045000 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A4 (c) | 5.26% | 06/20/28 | 17122602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B, Class A2B, 30 Day Average SOFR + <br> 0.44% (a) (c) | 4.14% | 02/22/27 | 171605 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** |
|  | Trinitas CLO XIX Ltd. | Trinitas CLO XIX Ltd. | Trinitas CLO XIX Ltd. | Trinitas CLO XIX Ltd. |
| $217341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-19A, Class A1R, 3 Mo. CME Term SOFR + <br> 1.11% (a) (c) | 4.78% | 10/20/33 | $217739 |
|  | Trinitas CLO XV Ltd. | Trinitas CLO XV Ltd. | Trinitas CLO XV Ltd. | Trinitas CLO XV Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-15A, Class A1R, 3 Mo. CME Term SOFR + <br> 1.12% (a) (c) | 4.79% | 04/22/34 | 10013351 |
|  | Trinitas CLO XVI Ltd. | Trinitas CLO XVI Ltd. | Trinitas CLO XVI Ltd. | Trinitas CLO XVI Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-16A, Class A1R, 3 Mo. CME Term SOFR + <br> 1.13% (a) (c) | 4.80% | 07/20/34 | 5006806 |
|  | USB Auto Owner Trust | USB Auto Owner Trust | USB Auto Owner Trust | USB Auto Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 10798493 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2 (c) | 4.51% | 06/15/28 | 10820781 |
|  | Venture 32 CLO Ltd. | Venture 32 CLO Ltd. | Venture 32 CLO Ltd. | Venture 32 CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-32A, Class A1, 3 Mo. CME Term SOFR + CSA + <br> 1.10% (a) (c) | 5.03% | 07/18/31 | 125600 |
|  | Venture 37 CLO Ltd. | Venture 37 CLO Ltd. | Venture 37 CLO Ltd. | Venture 37 CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 569006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-37A, Class A1RR, 3 Mo. CME Term SOFR + <br> 1.25% (a) (c) | 4.92% | 07/15/32 | 570585 |
|  | Venture 42 CLO Ltd. | Venture 42 CLO Ltd. | Venture 42 CLO Ltd. | Venture 42 CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 10665000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-42A, Class A1A, 3 Mo. CME Term SOFR + CSA + <br> 1.13% (a) (c) | 5.06% | 04/15/34 | 10675583 |
|  | Venture 45 CLO Ltd. | Venture 45 CLO Ltd. | Venture 45 CLO Ltd. | Venture 45 CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 333332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-45A, Class XR, 3 Mo. CME Term SOFR + <br> 1.05% (a) (c) | 4.72% | 07/20/35 | 333537 |
|  | Venture CLO Ltd. | Venture CLO Ltd. | Venture CLO Ltd. | Venture CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-34A, Class AR, 3 Mo. CME Term SOFR + <br> 1.28% (a) (c) | 4.95% | 10/15/31 | 188662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-36A, Class A1AR, 3 Mo. CME Term SOFR + CSA <br> + 1.13% (a) (c) | 5.06% | 04/20/32 | 136422 |
|  | Verizon Master Trust | Verizon Master Trust | Verizon Master Trust | Verizon Master Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 12510000 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A1A | 4.51% | 03/20/30 | 12614362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12500000 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A1B, 30 Day Average SOFR + 0.55% (a) | 4.26% | 03/20/30 | 12529807 |
|  | Volkswagen Auto Lease Trust | Volkswagen Auto Lease Trust | Volkswagen Auto Lease Trust | Volkswagen Auto Lease Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 22822000 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A3 | 5.21% | 06/21/27 | 22947868 |
|  | Volkswagen Auto Loan Enhanced Trust | Volkswagen Auto Loan Enhanced Trust | Volkswagen Auto Loan Enhanced Trust | Volkswagen Auto Loan Enhanced Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 10029269 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class A2A | 4.51% | 01/20/28 | 10053073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3254143 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class A2B, 30 Day Average SOFR + 0.44% (a) | 4.14% | 01/20/28 | 3256548 |
|  | Voya CLO Ltd. | Voya CLO Ltd. | Voya CLO Ltd. | Voya CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-2A, Class A1R, 3 Mo. CME Term SOFR + CSA + <br> 0.97% (a) (c) | 5.09% | 04/25/31 | 5493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 594307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-3A, Class A1RR, 3 Mo. CME Term SOFR + CSA + <br> 1.15% (a) (c) | 5.08% | 10/18/31 | 595359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-1A, Class A1R, 3 Mo. CME Term SOFR + CSA + <br> 1.07% (a) (c) | 5.00% | 01/20/31 | 16021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-1A, Class A1, 3 Mo. CME Term SOFR + CSA + <br> 0.95% (a) (c) | 4.88% | 04/19/31 | 104347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-2A, Class A1, 3 Mo. CME Term SOFR + CSA + <br> 1.00% (a) (c) | 4.93% | 07/15/31 | 36821 |
|  | Westlake Automobile Receivables Trust | Westlake Automobile Receivables Trust | Westlake Automobile Receivables Trust | Westlake Automobile Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225779 | &nbsp;&nbsp;&nbsp; Series 2023-P1, Class A2 (c) | 5.89% | 02/16/27 | 225981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A2A (c) | 4.66% | 09/15/28 | 6016963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2A, Class A2B, 30 Day Average SOFR + <br> 0.58% (a) (c) | 4.29% | 09/15/28 | 6003584 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** |
|  | Westlake Automobile Receivables Trust (Continued) | Westlake Automobile Receivables Trust (Continued) | Westlake Automobile Receivables Trust (Continued) | Westlake Automobile Receivables Trust (Continued) |
| $5000000 | &nbsp;&nbsp;&nbsp; Series 2025-3A, Class A2 (c) | 4.31% | 04/17/28 | $5007560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4078823 | &nbsp;&nbsp;&nbsp; Series 2025-P1, Class A2 (c) | 4.65% | 02/15/28 | 4091101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; Series 2026-1A, Class A2A (c) | 4.02% | 09/15/28 | 10002726 |
|  | Wind River CLO Ltd. | Wind River CLO Ltd. | Wind River CLO Ltd. | Wind River CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-4A, Class AR, 3 Mo. CME Term SOFR + <br> 1.23% (a) (c) | 4.90% | 01/20/35 | 250543 |
|  | World Omni Auto Receivables Trust | World Omni Auto Receivables Trust | World Omni Auto Receivables Trust | World Omni Auto Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 2253135 | &nbsp;&nbsp;&nbsp; Series 2023-A, Class A3 | 4.83% | 05/15/28 | 2258482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 369811 | &nbsp;&nbsp;&nbsp; Series 2024-C, Class A2A | 4.78% | 01/18/28 | 370178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4874372 | &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2A | 4.38% | 08/15/28 | 4885249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4862216 | &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2B, 30 Day Average SOFR + 0.47% (a) | 4.18% | 08/15/28 | 4865441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; Series 2025-D, Class A2A | 3.91% | 02/15/29 | 5004892 |
|  | World Omni Automobile Lease Securitization Trust | World Omni Automobile Lease Securitization Trust | World Omni Automobile Lease Securitization Trust | World Omni Automobile Lease Securitization Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 2948841 | &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2B, 30 Day Average SOFR + 0.39% (a) | 4.10% | 12/15/27 | 2950350 |
|  | World Omni Select Auto Trust | World Omni Select Auto Trust | World Omni Select Auto Trust | World Omni Select Auto Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 562227 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A2B, 30 Day Average SOFR + 0.62% (a) | 4.33% | 02/15/28 | 562261 |
|  | **Total Asset-Backed Securities** | **Total Asset-Backed Securities** | **Total Asset-Backed Securities** | 1174868098 |
|  | (Cost $1,171,693,302) | (Cost $1,171,693,302) | (Cost $1,171,693,302) |  |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Annualized** <br>**Yield on Date** <br> **of** <br>**Purchase**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **COMMERCIAL PAPER — 15.7%** | **COMMERCIAL PAPER — 15.7%** | **COMMERCIAL PAPER — 15.7%** | **COMMERCIAL PAPER — 15.7%** | **COMMERCIAL PAPER — 15.7%** |
|  | **Banks — 7.0%** | **Banks — 7.0%** | **Banks — 7.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Australia & New Zealand Banking Group Ltd.  | 4.52% | 03/11/26 | 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Australia & New Zealand Banking Group Ltd.  | 4.07% | 06/05/26 | 24659861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Commonwealth Bank of Australia  | 4.31% | 02/17/26 | 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Commonwealth Bank of Australia  | 4.12% | 03/05/26 | 24999740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | ING US Funding LLC  | 4.36% | 06/12/26 | 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Lloyds Bank PLC  | 4.43% | 05/06/26 | 15000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | National Australia Bank Ltd.  | 4.62% | 03/05/26 | 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | National Australia Bank Ltd.  | 4.46% | 06/02/26 | 15000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | National Australia Bank Ltd.  | 3.91% | 10/06/26 | 20000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Royal Bank of Canada  | 3.95% | 01/25/27 | 20000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Skandinaviska Enskilda Banken AB  | 3.94% | 04/02/26 | 15000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Skandinaviska Enskilda Banken AB  | 4.00% | 06/12/26 | 24646347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Skandinaviska Enskilda Banken AB  | 3.92% | 08/26/26 | 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Svenska Handelsbanken AB  | 4.56% | 04/29/26 | 14999986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Svenska Handelsbanken AB  | 4.43% | 08/14/26 | 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Swedbank AB  | 4.66% | 04/06/26 | 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Swedbank AB  | 4.67% | 04/15/26 | 15000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Swedbank AB  | 4.65% | 07/01/26 | 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Westpac Banking Corp.  | 4.53% | 02/27/26 | 20000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Westpac Banking Corp.  | 4.70% | 04/13/26 | 25000000 |
|  |  |  |  | 434305934 |
|  | **Beverages — 0.5%** | **Beverages — 0.5%** | **Beverages — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11500000 | Bacardi-Martini B.V.  | 4.01% | 02/02/26 | 11498738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Keurig Dr Pepper, Inc.  | 3.88% | 02/13/26 | 19974525 |
|  |  |  |  | 31473263 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Annualized**<br> **Yield on Date** <br> **of**<br> **Purchase**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **COMMERCIAL PAPER (Continued)** | **COMMERCIAL PAPER (Continued)** | **COMMERCIAL PAPER (Continued)** | **COMMERCIAL PAPER (Continued)** | **COMMERCIAL PAPER (Continued)** |
|  | **Chemicals — 0.5%** | **Chemicals — 0.5%** | **Chemicals — 0.5%** |  |
| $31600000 | Cabot Corp.  | 3.80% | 02/02/26 | $31596708 |
|  | **Commercial Services — 1.4%** | **Commercial Services — 1.4%** | **Commercial Services — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 32800000 | Global Payments, Inc.  | 4.06% | 02/02/26 | 32796355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 29000000 | Global Payments, Inc.  | 4.09% | 02/03/26 | 28993503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Quanta Services, Inc.  | 3.87% | 02/02/26 | 24997347 |
|  |  |  |  | 86787205 |
|  | **Diversified Financial Services — 0.7%** | **Diversified Financial Services — 0.7%** | **Diversified Financial Services — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Intercontinental Exchange, Inc.  | 3.84% | 02/06/26 | 24986862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Intercontinental Exchange, Inc.  | 3.84% | 02/18/26 | 19964289 |
|  |  |  |  | 44951151 |
|  | **Electric — 0.8%** | **Electric — 0.8%** | **Electric — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 17500000 | Delmarva Power & Light Co.  | 3.86% | 02/05/26 | 17492603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | San Diego Gas & Electric Co.  | 3.87% | 02/06/26 | 19989411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Virginia Electric and Power Co.  | 3.86% | 02/11/26 | 14984152 |
|  |  |  |  | 52466166 |
|  | **Environmental Control — 0.3%** | **Environmental Control — 0.3%** | **Environmental Control — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Republic Services, Inc.  | 3.84% | 02/13/26 | 14981094 |
|  | **Healthcare-Services — 0.2%** | **Healthcare-Services — 0.2%** | **Healthcare-Services — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 13700000 | HCA, Inc.  | 4.01% | 02/03/26 | 13696993 |
|  | **Pharmaceuticals — 0.3%** | **Pharmaceuticals — 0.3%** | **Pharmaceuticals — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20500000 | Cencora, Inc.  | 3.89% | 02/26/26 | 20445464 |
|  | **Pipelines — 2.0%** | **Pipelines — 2.0%** | **Pipelines — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | Energy Transfer, L.P.  | 3.86% | 02/02/26 | 29996824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Plains All American Pipeline, L.P.  | 3.86% | 02/05/26 | 14993665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Plains All American Pipeline, L.P.  | 3.87% | 02/10/26 | 19980940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 60000000 | Targa Resources Corp.  | 3.86% | 02/02/26 | 59993649 |
|  |  |  |  | 124965078 |
|  | **Retail — 1.0%** | **Retail — 1.0%** | **Retail — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 65000000 | AutoNation, Inc.  | 4.06% | 02/02/26 | 64992776 |
|  | **Transportation — 0.3%** | **Transportation — 0.3%** | **Transportation — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Canadian National Railway Co.  | 3.81% | 02/10/26 | 19981232 |
|  | **Water — 0.7%** | **Water — 0.7%** | **Water — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | American Water Capital Corp.  | 3.81% | 02/03/26 | 24994786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | American Water Capital Corp.  | 3.84% | 02/05/26 | 14993694 |
|  |  |  |  | 39988480 |
|  | **Total Commercial Paper** | **Total Commercial Paper** | **Total Commercial Paper** | 980631544 |
|  | (Cost $980,631,543) | (Cost $980,631,543) | (Cost $980,631,543) |  |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Coupon**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **FOREIGN CORPORATE BONDS AND NOTES — 8.8%** | **FOREIGN CORPORATE BONDS AND NOTES — 8.8%** | **FOREIGN CORPORATE BONDS AND NOTES — 8.8%** | **FOREIGN CORPORATE BONDS AND NOTES — 8.8%** | **FOREIGN CORPORATE BONDS AND NOTES — 8.8%** |
|  | **Banks — 5.9%** | **Banks — 5.9%** | **Banks — 5.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Banco Santander S.A., SOFR + 0.28% (a) | 3.92% | 05/06/26 | 25005838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Bank of Montreal, SOFR + 0.62% (a) | 4.31% | 01/13/28 | 25035379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Bank of Montreal (b) | 4.06% | 09/22/28 | 15026956 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** |
|  | **Banks (Continued)** | **Banks (Continued)** | **Banks (Continued)** |  |
| $5000000 | Barclays PLC (b) | 5.83% | 05/09/27 | $5022856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4996000 | Barclays PLC | 4.34% | 01/10/28 | 5010029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9412000 | Barclays PLC (b) | 5.09% | 02/25/29 | 9596747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | BNP Paribas S.A., SOFR + 0.33% (a) | 4.40% | 07/10/26 | 25017288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12000000 | Canadian Imperial Bank of Commerce (b) | 4.51% | 09/11/27 | 12038500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9850000 | &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce, SOFR Compounded Index <br> + 0.93% (a) | 4.63% | 09/11/27 | 9879891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Canadian Imperial Bank of Commerce (b) | 4.24% | 09/08/28 | 20076444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | &nbsp;&nbsp;&nbsp; Cooperatieve Rabobank U.A., SOFR Compounded Index + <br> 0.62% (a) | 4.37% | 08/28/26 | 20043945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Credit Agricole Corporate and Investment Bank, SOFR + 0.29% (a) | 3.94% | 03/13/26 | 25006075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Lloyds Banking Group PLC (b) | 1.63% | 05/11/27 | 4967763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Lloyds Banking Group PLC (b) | 5.46% | 01/05/28 | 15196707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Lloyds Banking Group PLC (b) | 3.57% | 11/07/28 | 9924048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Royal Bank of Canada (b) | 5.07% | 07/23/27 | 15078453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Royal Bank of Canada (b) | 4.72% | 03/27/28 | 10091853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Royal Bank of Canada (b) | 4.97% | 01/24/29 | 5098977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Royal Bank of Canada (b) | 4.50% | 08/06/29 | 5054065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Svenska Handelsbanken, SOFR + 0.29% (a) | 3.97% | 05/29/26 | 25015575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Toronto-Dominion Bank (The), SOFR + 0.45% (a) | 4.13% | 04/22/26 | 20015132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Toronto-Dominion Bank (The), Series F, SOFR + 0.58% (a) | 4.27% | 01/13/28 | 20032992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5385000 | Toronto-Dominion Bank (The) | 4.86% | 01/31/28 | 5478395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | UBS AG (b) | 4.86% | 01/10/28 | 10088952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 24401000 | UBS Group AG (b) (c) | 4.70% | 08/05/27 | 24479229 |
|  |  |  |  | 367282089 |
|  | **Food — 0.3%** | **Food — 0.3%** | **Food — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Mondelez International Holdings Netherlands B.V. (c) | 1.25% | 09/24/26 | 19657441 |
|  | **Healthcare-Services — 0.3%** | **Healthcare-Services — 0.3%** | **Healthcare-Services — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Icon Investments Six DAC  | 5.81% | 05/08/27 | 20381132 |
|  | **Insurance — 0.5%** | **Insurance — 0.5%** | **Insurance — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 30360000 | Trinity Acquisition PLC  | 4.40% | 03/15/26 | 30373287 |
|  | **Packaging & Containers — 0.5%** | **Packaging & Containers — 0.5%** | **Packaging & Containers — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 30495000 | CCL Industries, Inc. (c) | 3.25% | 10/01/26 | 30335562 |
|  | **Pipelines — 0.7%** | **Pipelines — 0.7%** | **Pipelines — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10473000 | Enbridge, Inc. | 1.60% | 10/04/26 | 10309884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Enbridge, Inc. | 5.90% | 11/15/26 | 15213686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Enbridge, Inc. | 4.25% | 12/01/26 | 20034673 |
|  |  |  |  | 45558243 |
|  | **Retail — 0.3%** | **Retail — 0.3%** | **Retail — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Alimentation Couche-Tard, Inc. (c) | 3.55% | 07/26/27 | 4967066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Alimentation Couche-Tard, Inc. (c) | 4.15% | 09/29/28 | 15021383 |
|  |  |  |  | 19988449 |
|  | **Transportation — 0.3%** | **Transportation — 0.3%** | **Transportation — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Canadian Pacific Railway Co.  | 1.75% | 12/02/26 | 19654464 |
|  | **Total Foreign Corporate Bonds and Notes** | **Total Foreign Corporate Bonds and Notes** | **Total Foreign Corporate Bonds and Notes** | 553230667 |
|  | (Cost $551,417,872) | (Cost $551,417,872) | (Cost $551,417,872) |  |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MORTGAGE-BACKED SECURITIES — 3.8%** | **MORTGAGE-BACKED SECURITIES — 3.8%** | **MORTGAGE-BACKED SECURITIES — 3.8%** | **MORTGAGE-BACKED SECURITIES — 3.8%** | **MORTGAGE-BACKED SECURITIES — 3.8%** |
|  | **Collateralized Mortgage Obligations — 3.3%** | **Collateralized Mortgage Obligations — 3.3%** | **Collateralized Mortgage Obligations — 3.3%** |  |
|  | BRAVO Residential Funding Trust | BRAVO Residential Funding Trust | BRAVO Residential Funding Trust | BRAVO Residential Funding Trust |
| $2883727 | &nbsp;&nbsp;&nbsp; Series 2021-NQM1, Class A1 (c) | 0.94% | 02/25/49 | $2674862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9337449 | &nbsp;&nbsp;&nbsp; Series 2025-NQM5, Class A1 (c) (e) | 5.50% | 02/25/65 | 9435143 |
|  | CIM Trust | CIM Trust | CIM Trust | CIM Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 523812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-INV1, Class A2, 30 Day Average SOFR + CSA + <br> 1.00% (a) (c) | 4.81% | 02/25/49 | 509843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 418062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-INV2, Class A11, 30 Day Average SOFR + CSA + <br> 0.95% (a) (c) | 4.76% | 05/25/49 | 401419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3398572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-INV3, Class A11, 30 Day Average SOFR + CSA + <br> 0.95% (a) (c) | 4.76% | 08/25/49 | 3306461 |
|  | COLT Mortgage Loan Trust | COLT Mortgage Loan Trust | COLT Mortgage Loan Trust | COLT Mortgage Loan Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1381307 | &nbsp;&nbsp;&nbsp; Series 2020-2R, Class A1 (c) | 1.33% | 10/26/65 | 1318491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-12, Class A1FC, steps up to 5.94% <br> on 01/01/2030 (c) (g) | 4.94% | 01/26/71 | 5021199 |
|  | Connecticut Avenue Securities Trust | Connecticut Avenue Securities Trust | Connecticut Avenue Securities Trust | Connecticut Avenue Securities Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 3315583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R04, Class 1A1, 30 Day Average SOFR + <br> 1.00% (a) (c) | 4.70% | 05/25/44 | 3320229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 19426354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R05, Class 2A1, 30 Day Average SOFR + <br> 1.00% (a) (c) | 4.70% | 07/25/44 | 19455101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3659567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R06, Class 1A1, 30 Day Average SOFR + <br> 1.15% (a) (c) | 4.85% | 09/25/44 | 3670339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4984670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R01, Class 1A1, 30 Day Average SOFR + <br> 0.95% (a) (c) | 4.65% | 01/25/45 | 4989996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15476734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R02, Class 1A1, 30 Day Average SOFR + <br> 1.00% (a) (c) | 4.70% | 02/25/45 | 15497340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10570618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R03, Class 2A1, 30 Day Average SOFR + <br> 1.45% (a) (c) | 5.15% | 03/25/45 | 10634651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13810749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R04, Class 1A1, 30 Day Average SOFR + <br> 1.00% (a) (c) | 4.70% | 05/25/45 | 13830297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13356730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R05, Class 2A1, 30 Day Average SOFR + <br> 1.00% (a) (c) | 4.70% | 07/25/45 | 13376410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 16698136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R06, Class 1A1, 30 Day Average SOFR + <br> 0.90% (a) (c) | 4.60% | 09/25/45 | 16713068 |
|  | Credit Suisse Mortgage Trust | Credit Suisse Mortgage Trust | Credit Suisse Mortgage Trust | Credit Suisse Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 2526837 | &nbsp;&nbsp;&nbsp; Series 2019-AFC1, Class A1 (c) | 3.57% | 07/25/49 | 2452585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2030366 | &nbsp;&nbsp;&nbsp; Series 2020-NQM1, Class A1 (c) | 2.21% | 05/25/65 | 1959687 |
|  | EFMT | EFMT | EFMT | EFMT |
| &nbsp;&nbsp;&nbsp;&nbsp; 9796304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM6, Class A1FC, steps up to 5.97% <br> on 12/01/2029 (c) (g) | 4.97% | 12/25/70 | 9843379 |
|  | Federal Home Loan Mortgage Corporation STACR REMIC Trust | Federal Home Loan Mortgage Corporation STACR REMIC Trust | Federal Home Loan Mortgage Corporation STACR REMIC Trust | Federal Home Loan Mortgage Corporation STACR REMIC Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 14875000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-DNA3, Class A1, 30 Day Average SOFR + <br> 0.95% (a) (c) | 4.65% | 09/25/45 | 14901479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15975000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-DNA4, Class A1, 30 Day Average SOFR + <br> 0.90% (a) (c) | 4.60% | 10/25/45 | 15989115 |
|  | GCAT Trust | GCAT Trust | GCAT Trust | GCAT Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 980464 | &nbsp;&nbsp;&nbsp; Series 2020-NQM1, Class A1 (c) | 3.25% | 01/25/60 | 970724 |
|  | HOMES Trust | HOMES Trust | HOMES Trust | HOMES Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 6739267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-AFC1, Class A1, steps up to 6.73% <br> on 01/01/2029 (c) (g) | 5.73% | 01/25/60 | 6826494 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** |
|  | **Collateralized Mortgage Obligations (Continued)** | **Collateralized Mortgage Obligations (Continued)** | **Collateralized Mortgage Obligations (Continued)** |  |
|  | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust |
| $2412410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-7, Class A11, 1 Mo. CME Term SOFR + CSA + <br> 0.90% (a) (c) | 4.69% | 02/25/50 | $2361673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-8, Class A11, 1 Mo. CME Term SOFR + CSA + <br> 0.85% (a) (c) | 4.64% | 03/25/50 | 130157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1519452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-INV1, Class A11, 1 Mo. CME Term SOFR + CSA + <br> 0.95% (a) (c) | 4.74% | 09/25/49 | 1499259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2739473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-2, Class A11, 1 Mo. CME Term SOFR + CSA + <br> 0.80% (a) (c) | 4.59% | 07/25/50 | 2640709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-LTV1, Class A11, 1 Mo. CME Term SOFR + CSA + <br> 1.00% (a) (c) | 4.85% | 06/25/50 | 44020 |
|  | MFA Trust | MFA Trust | MFA Trust | MFA Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 11338403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM2, Class A1, steps up to 6.68% <br> on 05/01/2029 (c) (g) | 5.68% | 05/27/70 | 11499897 |
|  | New Residential Mortgage Loan Trust | New Residential Mortgage Loan Trust | New Residential Mortgage Loan Trust | New Residential Mortgage Loan Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 4966618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM7, Class A1FC, steps up to 5.95% <br> on 12/01/2029 (c) (g) | 4.95% | 10/26/65 | 4986474 |
|  | OBX Trust | OBX Trust | OBX Trust | OBX Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1329007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-INV1, Class A11, 1 Mo. CME Term SOFR + CSA + <br> 0.90% (a) (c) | 4.75% | 12/25/49 | 1305665 |
|  | PRPM Trust | PRPM Trust | PRPM Trust | PRPM Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 6382993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM6, Class A1FC, steps up to 5.94% <br> on 12/01/2029 (c) (g) | 4.94% | 12/25/70 | 6397148 |
|  | Starwood Mortgage Residential Trust | Starwood Mortgage Residential Trust | Starwood Mortgage Residential Trust | Starwood Mortgage Residential Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650509 | &nbsp;&nbsp;&nbsp; Series 2020-1, Class A1 (c) | 2.28% | 02/25/50 | 629589 |
|  |  |  |  | 208592903 |
|  | **Commercial Mortgage-Backed Securities — 0.5%** | **Commercial Mortgage-Backed Securities — 0.5%** | **Commercial Mortgage-Backed Securities — 0.5%** |  |
|  | Arbor Multifamily Mortgage Securities Trust | Arbor Multifamily Mortgage Securities Trust | Arbor Multifamily Mortgage Securities Trust | Arbor Multifamily Mortgage Securities Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 8125898 | &nbsp;&nbsp;&nbsp; Series 2020-MF1, Class ASB (c) | 2.58% | 05/15/53 | 7900990 |
|  | BANK | BANK | BANK | BANK |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 483654 | &nbsp;&nbsp;&nbsp; Series 2017-BNK6, Class ASB | 3.29% | 07/15/60 | 481941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80258 | &nbsp;&nbsp;&nbsp; Series 2017-BNK7, Class ASB | 3.27% | 09/15/60 | 79682 |
|  | BBCMS Mortgage Trust | BBCMS Mortgage Trust | BBCMS Mortgage Trust | BBCMS Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 2600000 | &nbsp;&nbsp;&nbsp; Series 2017-C1, Class A4 | 3.67% | 02/15/50 | 2576001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142471 | &nbsp;&nbsp;&nbsp; Series 2018-C2, Class ASB | 4.24% | 12/15/51 | 142675 |
|  | Benchmark Mortgage Trust | Benchmark Mortgage Trust | Benchmark Mortgage Trust | Benchmark Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 2804459 | &nbsp;&nbsp;&nbsp; Series 2019-B9, Class AAB | 3.93% | 03/15/52 | 2798327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 828878 | &nbsp;&nbsp;&nbsp; Series 2021-B29, Class A1 | 0.71% | 09/15/54 | 820168 |
|  | CD Mortgage Trust | CD Mortgage Trust | CD Mortgage Trust | CD Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191024 | &nbsp;&nbsp;&nbsp; Series 2016-CD2, Class ASB | 3.35% | 11/10/49 | 190134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1662457 | &nbsp;&nbsp;&nbsp; Series 2017-CD3, Class AAB | 3.45% | 02/10/50 | 1655677 |
|  | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192575 | &nbsp;&nbsp;&nbsp; Series 2017-P7, Class AAB | 3.51% | 04/14/50 | 192047 |
|  | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82500 | &nbsp;&nbsp;&nbsp; Series 2017-CX10, Class ASB | 3.33% | 11/15/50 | 82129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 745553 | &nbsp;&nbsp;&nbsp; Series 2019-C15, Class ASB | 3.90% | 03/15/52 | 743382 |
|  | Hilton USA Trust | Hilton USA Trust | Hilton USA Trust | Hilton USA Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Series 2016-HHV, Class A (c) | 3.72% | 11/05/38 | 994913 |
|  | JPMCC Commercial Mortgage Securities Trust | JPMCC Commercial Mortgage Securities Trust | JPMCC Commercial Mortgage Securities Trust | JPMCC Commercial Mortgage Securities Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 986008 | &nbsp;&nbsp;&nbsp; Series 2017-JP5, Class ASB | 3.55% | 03/15/50 | 982441 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** |
|  | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** |  |
|  | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust |
| $129023 | &nbsp;&nbsp;&nbsp; Series 2017-C33, Class ASB | 3.40% | 05/15/50 | $128546 |
|  | Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550049 | &nbsp;&nbsp;&nbsp; Series 2016-BNK2, Class ASB | 2.86% | 11/15/49 | 547251 |
|  | UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 319250 | &nbsp;&nbsp;&nbsp; Series 2017-C6, Class ASB | 3.50% | 12/15/50 | 317647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6188338 | &nbsp;&nbsp;&nbsp; Series 2018-C9, Class ASB | 4.09% | 03/15/51 | 6189135 |
|  | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1751791 | &nbsp;&nbsp;&nbsp; Series 2017-C40, Class ASB | 3.40% | 10/15/50 | 1742898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76984 | &nbsp;&nbsp;&nbsp; Series 2017-C41, Class ASB | 3.39% | 11/15/50 | 76543 |
|  |  |  |  | 28642527 |
|  | **Total Mortgage-Backed Securities** | **Total Mortgage-Backed Securities** | **Total Mortgage-Backed Securities** | 237235430 |
|  | (Cost $237,477,928) | (Cost $237,477,928) | (Cost $237,477,928) |  |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 3.1%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 3.1%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 3.1%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 3.1%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 3.1%** |
|  | **Collateralized Mortgage Obligations — 1.8%** | **Collateralized Mortgage Obligations — 1.8%** | **Collateralized Mortgage Obligations — 1.8%** |  |
|  | Federal Home Loan Mortgage Corporation |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 26850461 | &nbsp;&nbsp;&nbsp; Series 5250, Class FB, 30 Day Average SOFR + 0.64% (a) | 4.34% | 08/25/52 | 26722618 |
|  | &nbsp;&nbsp; Federal Home Loan Mortgage Corporation Seasoned Credit Risk <br> Transfer Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12264365 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class MA1 | 3.00% | 11/25/63 | 12176366 |
|  | Federal Home Loan Mortgage Corporation STACR REMIC Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 16823333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-HQA2, Class A1, 30 Day Average SOFR + <br> 1.25% (a) (c) | 4.95% | 08/25/44 | 16894890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11662312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-DNA1, Class A1, 30 Day Average SOFR + <br> 0.95% (a) (c) | 4.65% | 01/25/45 | 11682774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-DNA2, Class A1, 30 Day Average SOFR + <br> 1.10% (a) (c) | 4.80% | 05/25/45 | 7370104 |
|  | Federal National Mortgage Association |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 689814 | &nbsp;&nbsp;&nbsp; Series 2014-20, Class NA | 3.00% | 06/25/33 | 683361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243702 | &nbsp;&nbsp;&nbsp; Series 2015-28, Class GC | 2.50% | 06/25/34 | 241983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2796124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-75, Class FC, 30 Day Average SOFR + CSA + <br> 0.40% (a) | 4.21% | 10/25/46 | 2781272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-90, Class FA, 30 Day Average SOFR + CSA + <br> 0.40% (a) | 4.21% | 12/25/46 | 2459516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14803672 | &nbsp;&nbsp;&nbsp; Series 2022-47, Class FA, 30 Day Average SOFR + 0.55% (a) | 4.25% | 08/25/52 | 14714860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 16630979 | &nbsp;&nbsp;&nbsp; Series 2025-39, Class CA | 3.50% | 02/25/36 | 16494936 |
|  |  |  |  | 112222680 |
|  | **Commercial Mortgage-Backed Securities — 1.3%** | **Commercial Mortgage-Backed Securities — 1.3%** | **Commercial Mortgage-Backed Securities — 1.3%** |  |
|  | &nbsp;&nbsp; Federal Home Loan Mortgage Corporation Multifamily Structured <br> Pass Through Certificates |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6383962 | &nbsp;&nbsp;&nbsp; Series K057, Class A2 | 2.57% | 07/25/26 | 6345581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9072000 | &nbsp;&nbsp;&nbsp; Series K058, Class A2 | 2.65% | 08/25/26 | 9003629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7182100 | &nbsp;&nbsp;&nbsp; Series K064, Class A1 | 2.89% | 10/25/26 | 7145175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 864536 | &nbsp;&nbsp;&nbsp; Series K067, Class A1 | 2.90% | 03/25/27 | 859208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109456 | &nbsp;&nbsp;&nbsp; Series K070, Class A1 | 3.03% | 04/25/27 | 108748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6861916 | &nbsp;&nbsp;&nbsp; Series K071, Class A1 | 3.07% | 10/25/27 | 6813488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3830631 | &nbsp;&nbsp;&nbsp; Series K076, Class A1 | 3.73% | 12/25/27 | 3820201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11649402 | &nbsp;&nbsp;&nbsp; Series K079, Class A1 | 3.73% | 02/25/28 | 11632726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11435190 | &nbsp;&nbsp;&nbsp; Series K080, Class A1 | 3.74% | 04/25/28 | 11419066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5237889 | &nbsp;&nbsp;&nbsp; Series K157, Class A1 | 3.99% | 06/25/30 | 5241195 |

---

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** |
|  | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** |  |
|  | &nbsp;&nbsp; Federal Home Loan Mortgage Corporation Multifamily Structured <br> Pass Through Certificates (Continued) |  |  |  |
| $7334972 | &nbsp;&nbsp;&nbsp; Series KF127, Class AS, 30 Day Average SOFR + 0.21% (a) | 4.00% | 12/25/28 | $7295245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2858425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series KF68, Class A, 30 Day Average SOFR + CSA + <br> 0.49% (a) | 4.61% | 07/25/26 | 2858998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1373166 | &nbsp;&nbsp;&nbsp; Series KI07, Class A, 30 Day Average SOFR + 0.17% (a) | 3.96% | 09/25/26 | 1368421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 588404 | &nbsp;&nbsp;&nbsp; Series KL1E, Class A1E | 2.84% | 02/25/27 | 584023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1228559 | &nbsp;&nbsp;&nbsp; Series KW08, Class A1 | 3.42% | 02/25/28 | 1223694 |
|  | Federal National Mortgage Association |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 698729 | &nbsp;&nbsp;&nbsp; Series 2016-M6, Class A2 | 2.49% | 05/25/26 | 694954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1036233 | &nbsp;&nbsp;&nbsp; Series 2016-M9, Class A2 | 2.29% | 06/25/26 | 1030227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2314773 | &nbsp;&nbsp;&nbsp; Series 2016-M11, Class A2 | 2.37% | 07/25/26 | 2296784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 883881 | &nbsp;&nbsp;&nbsp; Series 2016-M12, Class A2 | 2.44% | 09/25/26 | 875526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1365148 | &nbsp;&nbsp;&nbsp; Series 2017-M7, Class A2 | 2.96% | 02/25/27 | 1352793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2977354 | &nbsp;&nbsp;&nbsp; Series 2018-M15, Class APT (h) | 3.08% | 12/25/26 | 2956986 |
|  |  |  |  | 84926668 |
|  | **Pass-Through Securities — 0.0%** | **Pass-Through Securities — 0.0%** | **Pass-Through Securities — 0.0%** |  |
|  | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp; Pool G15874  | 5.00% | 06/01/26 | 3 |
|  | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79 | &nbsp;&nbsp;&nbsp; Pool BM1299  | 5.00% | 03/01/27 | 80 |
|  |  |  |  | 83 |
|  | **Total U.S. Government Agency Mortgage-Backed Securities** | **Total U.S. Government Agency Mortgage-Backed Securities** | **Total U.S. Government Agency Mortgage-Backed Securities** | 197149431 |
|  | (Cost $196,752,823) | (Cost $196,752,823) | (Cost $196,752,823) |  |
| **U.S. GOVERNMENT BONDS AND NOTES — 1.0%** | **U.S. GOVERNMENT BONDS AND NOTES — 1.0%** | **U.S. GOVERNMENT BONDS AND NOTES — 1.0%** | **U.S. GOVERNMENT BONDS AND NOTES — 1.0%** | **U.S. GOVERNMENT BONDS AND NOTES — 1.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 62691000 | U.S. Treasury Note  | 3.75% | 04/30/27 | 62857523 |
|  | (Cost $62,835,370) |  |  |  |
| **CERTIFICATES OF DEPOSIT — 0.5%** | **CERTIFICATES OF DEPOSIT — 0.5%** | **CERTIFICATES OF DEPOSIT — 0.5%** | **CERTIFICATES OF DEPOSIT — 0.5%** | **CERTIFICATES OF DEPOSIT — 0.5%** |
|  | **Banks — 0.5%** | **Banks — 0.5%** | **Banks — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Cooperatieve Rabobank U.A., SOFR + 0.22% (a) | 3.87% | 03/06/26 | 15002559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Toronto-Dominion Bank (The)  | 3.86% | 05/15/26 | 15003090 |
|  | **Total Certificates of Deposit** | **Total Certificates of Deposit** | **Total Certificates of Deposit** | 30005649 |
|  | (Cost $30,000,000) | (Cost $30,000,000) | (Cost $30,000,000) |  |
|  | **Total Investments — 100.3%** | **Total Investments — 100.3%** | **Total Investments — 100.3%** | 6276705825 |
|  | (Cost $6,256,994,913) | (Cost $6,256,994,913) | (Cost $6,256,994,913) |  |
|  | **Net Other Assets and Liabilities — (0.3)%** | **Net Other Assets and Liabilities — (0.3)%** | **Net Other Assets and Liabilities — (0.3)%** | (20130891)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $6256574934 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Floating or variable rate security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Fixed-to-floating or fixed-to-variable rate security. The interest rate shown reflects
 the fixed rate in effect at January 31, 2026. At a predetermined date, the fixed rate will change to a floating rate or a variable
 rate.

&nbsp;&nbsp;&nbsp;&nbsp;(c) This security, sold within the terms of a private placement memorandum, is exempt
 from registration upon resale under Rule 144A of the Securities Act of 1933, as amended, and may be resold in transactions
 exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P., the Fund's advisor. Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined based on security specific
 factors and assumptions, which require subjective judgment. At January 31, 2026, securities noted as such amounted to $1,322,579,938
 or 21.1% of net assets.

------

**First Trust Enhanced Short Maturity ETF (FTSM)**

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) When-issued security. The interest rate shown reflects the rate in effect at January
 31, 2026. Interest will begin accruing on the security's first settlement date.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Weighted Average Coupon security. Coupon is based on the blended interest rate of
 the underlying holdings, which may have different coupons. The coupon may change in any period.

&nbsp;&nbsp;&nbsp;&nbsp;(f) This security is fair valued by the Advisor's Pricing Committee in accordance with procedures approved by the Trust's Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940
 and rules thereunder, as amended. At January 31, 2026, securities noted as such are valued at $4,500,000 or 0.1% of net
 assets.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Step-up security. A security where the coupon increases or steps up at a predetermined
 date.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Collateral Strip Rate security. Coupon is based on the weighted net interest rate of the investment's underlying collateral. The interest rate resets periodically.

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

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| CME | – Chicago Mercantile Exchange |
| CSA | – Credit Spread Adjustment |
| REMIC | – Real Estate Mortgage Investment Conduit |
| SOFR | – Secured Overnight Financing Rate |
| STACR | – Structured Agency Credit Risk |

---

------

**Valuation Inputs**

The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Level 1 inputs are quoted prices in active markets for identical investments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity's own assumptions about the assumptions that market participants would use in pricing the investment.

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.

A summary of the inputs used to value the Fund's investments as of January 31, 2026 is as follows:

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**1/31/2026**<br>| &nbsp;&nbsp;&nbsp; **Level 1** <br>**Quoted** <br>**Prices**<br>| &nbsp;&nbsp;&nbsp; **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| &nbsp;&nbsp;&nbsp; **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Corporate Bonds and Notes\* | &nbsp;&nbsp; $3040727483 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $3040727483 | &nbsp;&nbsp;&nbsp;&nbsp; $— |
| Asset-Backed Securities | &nbsp;&nbsp; 1174868098 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1174868098 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Commercial Paper\* | &nbsp;&nbsp; 980631544 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 980631544 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Foreign Corporate Bonds and Notes\* | &nbsp;&nbsp; 553230667 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 553230667 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Mortgage-Backed Securities | &nbsp;&nbsp; 237235430 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 237235430 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Government Agency Mortgage-Backed Securities | &nbsp;&nbsp; 197149431 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 197149431 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Government Bonds and Notes | &nbsp;&nbsp; 62857523 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 62857523 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Certificates of Deposit\* | &nbsp;&nbsp; 30005649 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 30005649 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total Investments | &nbsp;&nbsp; $6276705825 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $6276705825 | &nbsp;&nbsp;&nbsp;&nbsp; $— |

---

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

\* See Portfolio of Investments for industry breakout.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Trust Exchange-Traded Fund IV

- **b. Investment Company Act file number:** 811-22559

- **c. CIK number of Registrant:** 0001517936

- **d. LEI of Registrant:** 5493006CBTW7P2B31B80

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

  - **Street Address 1:** 120 East Liberty Drive

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

  - **Telephone number:** 630-765-8000

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

- **a. Name of Series:** First Trust Enhanced Short Maturity ETF

- **b. EDGAR series identifier (if any):** S000045797

- **c. LEI of Series:** 5493001UCOPQLKO3TS73

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $6316705562.59

**Total Liabilities:** $59397301.22

**Net Assets:** $6257308261.37

**Delayed Delivery Securities:** $11500000.00

**Cash Not Reported:** $1215788.62

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 67135.57532000 | **1-Year:** 398351.22347000 | **5-Year:** 164405.72436000 | **10-Year:** 1954.91977000 | **30-Year:** 0.00000000

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

- **3-Month:** 591.87835000 | **1-Year:** 3810.27602000 | **5-Year:** 426.66839000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000142755 | 0.33%                | 0.37%                | 0.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $512142.07               | $987570.76                                 |
| Month 2  | $758781.45               | $367595.13                                 |
| Month 3  | $679643.02               | $-301466.80                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| World OMNI Select Auto Trust   | World Omni Select Auto Trust 2024-A                           | CUSIP: 98164LAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    562227 | PA      | $562261.00    | 0.01%             | 2028-02-15      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund LTD     | Atlas Senior Loan Fund XVIII Ltd                              | CUSIP: 04943EAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500935.06    | 0.01%             | 2035-01-18      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | Carmax Auto Owner Trust 2024-3                                | CUSIP: 14319GAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    853763 | PA      | $855098.38    | 0.01%             | 2027-09-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | Carlyle Global Market Strategies CLO 2015-1 Ltd               | CUSIP: 14311DBQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250776.78    | 0.00%             | 2031-07-20      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust        | Nissan Auto Lease Trust 2024-B                                | CUSIP: 65481DAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7150067 | PA      | $7175165.89   | 0.11%             | 2027-06-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                      | CUSIP: 53944YAZ6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  15000000 | PA      | $15196707.30  | 0.24%             | 2028-01-05      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                   | Ares LXIII CLO Ltd                                            | CUSIP: 039937AQ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2291667 | PA      | $2293403.53   | 0.04%             | 2038-10-15      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| DELMARVA POWER & 0226          | DELMARVA POWER & 0226                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17500000 | PA      | $17494451.89  | 0.28%             | 2026-02-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                | CUSIP: 61748UAK8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14991343.05  | 0.24%             | 2029-10-18      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                       | OZLM XXIV Ltd                                                 | CUSIP: 67113DAW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     62017 | PA      | $62150.06     | 0.00%             | 2032-07-20      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers CLO 34 Ltd                     | CUSIP: 64132YBC5<br>LEI: 5493009EGZQAPYYVLD80 | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4502691.66   | 0.07%             | 2039-07-20      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137FGZS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11649402 | PA      | $11632726.11  | 0.19%             | 2028-02-25      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST         | COMMONWEALTH BANK OF AUSTRALIA                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |  25000000 | PA      | $25000000.00  | 0.40%             | 2026-02-17      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES | Mercedes-Benz Auto Receivables Trust 2025-1                   | CUSIP: 58773DAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3965091 | PA      | $3966160.14   | 0.06%             | 2028-02-15      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL         | Marriott International Inc/MD                                 | CUSIP: 571903AS2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   7741000 | PA      | $7718992.18   | 0.12%             | 2026-06-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                    | Truist Bank                                                   | CUSIP: 89788JAK5<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9997143.10   | 0.16%             | 2029-01-27      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES | Mercedes-Benz Auto Receivables Trust 2025-1                   | CUSIP: 58773DAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10136617.00  | 0.16%             | 2029-12-17      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2024-HQA2                       | CUSIP: 35564NDY6<br>LEI: 5299002OYNAPMJKK2A73 | Long             | ABS-MBS          | CORP              | US        |  16823333 | PA      | $16894889.52  | 0.27%             | 2044-08-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK         | Canadian Imperial Bank of Commerce                            | CUSIP: 13607PHU1<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   9850000 | PA      | $9879891.30   | 0.16%             | 2027-09-11      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                      | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   8921000 | PA      | $9005856.11   | 0.14%             | 2026-12-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Owner Trust        | BMW Vehicle Owner Trust 2024-A                                | CUSIP: 096919AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13729424 | PA      | $13857033.81  | 0.22%             | 2029-02-26      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                | Venture 32 CLO Ltd                                            | CUSIP: 92325QAA5<br>LEI: 549300UP09C89Q3HWD39 | Long             | ABS-CBDO         | CORP              | KY        |    125414 | PA      | $125600.38    | 0.00%             | 2031-07-18      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137H4SB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7334972 | PA      | $7295245.30   | 0.12%             | 2028-12-25      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION              | Sysco Corp                                                    | CUSIP: 871829BC0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |  20953000 | PA      | $20898394.60  | 0.33%             | 2026-07-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE       | Intercontinental Exchange Inc                                 | CUSIP: 45866FAF1<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |   5375000 | PA      | $5315721.81   | 0.08%             | 2027-09-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| MOUNTAIN VIEW CLO              | Mountain View Clo XV Ltd                                      | CUSIP: 62432PAS1<br>LEI: 254900VKL64PZVEG4F33 | Long             | ABS-CBDO         | CORP              | KY        |    825000 | PA      | $828860.81    | 0.01%             | 2037-07-15      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd           | BlueMountain CLO XXVIII Ltd                                   | CUSIP: 09630PAL7<br>LEI: 5493001GLQHON6UV2U40 | Long             | ABS-CBDO         | CORP              | KY        |   3666667 | PA      | $3668927.86   | 0.06%             | 2038-03-31      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| SKANDINAVISKA EN 0826 FRN      | SKANDINAVISKA EN 0826 FRN                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | SE        |  25000000 | PA      | $25000000.00  | 0.40%             | 2026-08-26      | Floating      | 3.92%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 20 Ltd             | Elmwood CLO 20 Ltd                                            | CUSIP: 29002AAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    305000 | PA      | $305000.00    | 0.00%             | 2037-01-17      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| VERALTO CORP                   | Veralto Corp                                                  | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30275113.20  | 0.48%             | 2026-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT             | UBS AG/Stamford CT                                            | CUSIP: 90261AAD4<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |  10000000 | PA      | $10088951.90  | 0.16%             | 2028-01-10      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | Royal Bank of Canada                                          | CUSIP: 78016HZX1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  15000000 | PA      | $15078453.30  | 0.24%             | 2027-07-23      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                             | CUSIP: 3136BNU61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14803672 | PA      | $14714859.95  | 0.24%             | 2052-08-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-LTV1                            | CUSIP: 46591NBC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     44063 | PA      | $44019.59     | 0.00%             | 2050-06-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit | Bain Capital Credit CLO 2018-2                                | CUSIP: 05682VAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    678137 | PA      | $678856.91    | 0.01%             | 2031-07-19      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Fannie Mae-Aces                                               | CUSIP: 3136AT5C4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2314773 | PA      | $2296784.44   | 0.04%             | 2026-07-25      | Variable      | 2.37%                 | No            |                  2 | On Loan: No      |
| Romark CLO Ltd                 | Romark CLO - IV Ltd                                           | CUSIP: 77588LAN1<br>LEI: 549300HD9K8XL8QM2Z46 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5006793.16   | 0.08%             | 2034-07-10      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE CIB NY         | Credit Agricole Corporate and Investment Bank/New York        | CUSIP: 22532XB56<br>LEI: 254900BN8XS34XZDJ223 | Long             | DBT              | CORP              | FR        |  25000000 | PA      | $25006075.00  | 0.40%             | 2026-03-13      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| MOLSON COORS BEVERAGE          | Molson Coors Beverage Co                                      | CUSIP: 60871RAG5<br>LEI: 54930073LBBH6ZCBE225 | Long             | DBT              | CORP              | US        |  29881000 | PA      | $29772099.29  | 0.48%             | 2026-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL         | Marriott International Inc/MD                                 | CUSIP: 571903BV4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10036543.10  | 0.16%             | 2027-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                          | CUSIP: 06051GJQ3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  16510000 | PA      | $16467406.18  | 0.26%             | 2027-03-11      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO           | Kraft Heinz Foods Co                                          | CUSIP: 50077LBC9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19942373.00  | 0.32%             | 2027-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                           | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7637046.90   | 0.12%             | 2029-01-24      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP       | Toyota Motor Credit Corp                                      | CUSIP: 89236TMR3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15008967.15  | 0.24%             | 2026-04-10      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA         | Morgan Stanley Bank NA                                        | CUSIP: 61690DK72<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   6667000 | PA      | $6793256.45   | 0.11%             | 2029-01-12      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd               | Trinitas CLO XVI Ltd                                          | CUSIP: 89642DAQ1<br>LEI: 5493004FCKEPFTK2QI86 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5006805.52   | 0.08%             | 2034-07-20      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.            | PFS Financing Corp                                            | CUSIP: 69335PGA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15000000 | PA      | $15021573.00  | 0.24%             | 2029-07-15      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd               | Trinitas CLO XIX Ltd                                          | CUSIP: 89642FAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    217341 | PA      | $217738.70    | 0.00%             | 2033-10-20      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Point Au Roche Park CLO, Ltd   | Point Au Roche Park CLO Ltd                                   | CUSIP: 73052VAA3<br>LEI: 5493000RMLD359CPH591 | Long             | ABS-CBDO         | CORP              | KY        |    140000 | PA      | $140000.00    | 0.00%             | 2034-07-20      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO        | Arthur J Gallagher & Co                                       | CUSIP: 04316JAK5<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |  23000000 | PA      | $23269593.12  | 0.37%             | 2027-12-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BOEING CO                      | Boeing Co/The                                                 | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  33250000 | PA      | $33244355.81  | 0.53%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC 02/02/2026      | AUTONATION INC 02/02/2026                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  65000000 | PA      | $65000000.00  | 1.04%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY       | Svenska Handelsbanken/New York NY                             | CUSIP: 86959TNZ5<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |  25000000 | PA      | $25015575.00  | 0.40%             | 2026-05-29      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION       | Sabine Pass Liquefaction LLC                                  | CUSIP: 785592AV8<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    726000 | PA      | $726799.55    | 0.01%             | 2026-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr | World Omni Auto Receivables Trust 2025-B                      | CUSIP: 98164TAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4862216 | PA      | $4865440.64   | 0.08%             | 2028-08-15      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV        | Fidelity National Information Services Inc                    | CUSIP: 31620MBS4<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   6499000 | PA      | $6187852.19   | 0.10%             | 2028-03-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DAC       | Icon Investments Six DAC                                      | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |  20000000 | PA      | $20381131.80  | 0.33%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable | Westlake Automobile Receivables Trust 2025-2                  | CUSIP: 96041KAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $6016963.20   | 0.10%             | 2028-09-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit | Bain Capital Credit CLO 2024-3 Ltd                            | CUSIP: 05685QAA1<br>LEI: 254900SOM2S14IE3BZ76 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003721.65   | 0.02%             | 2037-07-16      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                   | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19865497.40  | 0.32%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| MOUNTAIN VIEW CLO              | Mountain View Clo XIV Ltd                                     | CUSIP: 62432MAN9<br>LEI: 549300IB1UGD5G8HYT10 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500593.49    | 0.01%             | 2034-10-15      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2021-B29 Mortgage Trust                             | CUSIP: 08163JAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    828878 | PA      | $820168.39    | 0.01%             | 2054-09-15      | Fixed         | 0.71%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat | Hyundai Auto Lease Securitization Trust 2025-B                | CUSIP: 44935DAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5135976 | PA      | $5146666.66   | 0.08%             | 2027-09-15      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 53 CLO Ltd                                             | CUSIP: 26243EAP6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  13338578 | PA      | $13357607.11  | 0.21%             | 2031-01-15      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                   | CUSIP: 38145GAP5<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15013971.15  | 0.24%             | 2029-01-21      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFE 02/02/2026      | ENERGY TRANSFE 02/02/2026                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30000000.00  | 0.48%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust   | Dell Equipment Finance Trust 2024-2                           | CUSIP: 24704EAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10496070 | PA      | $10514975.60  | 0.17%             | 2030-08-22      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner  | Toyota Auto Receivables 2025-B Owner Trust                    | CUSIP: 89231HAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4497434 | PA      | $4502359.96   | 0.07%             | 2028-03-15      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| TELEDYNE TECHNOLOGIES IN       | Teledyne Technologies Inc                                     | CUSIP: 879360AC9<br>LEI: 549300VSMO9KYQWDND94 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $29880982.80  | 0.48%             | 2026-04-01      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust    | Ally Auto Receivables Trust 2025-1                            | CUSIP: 02008KAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5325000 | PA      | $5331605.13   | 0.09%             | 2028-07-17      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS NEW YORK           | BNP Paribas SA/New York NY                                    | CUSIP: 05593DHX4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  25000000 | PA      | $25017287.50  | 0.40%             | 2026-07-10      | Floating      | 3.98%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                             | CUSIP: 3136AUMF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2472239 | PA      | $2459516.45   | 0.04%             | 2046-12-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                              | CUSIP: 87264AAV7<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10000000.00  | 0.16%             | 2028-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FISERV INC                     | Fiserv Inc                                                    | CUSIP: 337738AT5<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |  25088000 | PA      | $25002562.31  | 0.40%             | 2026-07-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV        | Fidelity National Information Services Inc                    | CUSIP: 31620MBR6<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |  35000000 | PA      | $34923334.60  | 0.56%             | 2026-03-01      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr | World Omni Auto Receivables Trust 2025-B                      | CUSIP: 98164TAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4874372 | PA      | $4885249.22   | 0.08%             | 2028-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                      | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |  13418000 | PA      | $13378014.36  | 0.21%             | 2027-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Trust 2025-5                     | CUSIP: 76089KAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6250000 | PA      | $6270544.38   | 0.10%             | 2034-06-26      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust   | Ford Credit Auto Owner Trust 2022-C                           | CUSIP: 34535AAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12599861 | PA      | $12622224.41  | 0.20%             | 2027-12-15      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust              | T-Mobile US Trust 2024-2                                      | CUSIP: 87268CAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17000000 | PA      | $17084595.40  | 0.27%             | 2029-05-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TRINITY ACQUISITION PLC        | Trinity Acquisition PLC                                       | CUSIP: 89641UAC5<br>LEI: 549300FJZWZN6MJNGB63 | Long             | DBT              | CORP              | GB        |  30360000 | PA      | $30373286.75  | 0.49%             | 2026-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK NY       | Toronto-Dominion Bank/NY                                      | CUSIP: 89115D6U5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $20015132.00  | 0.32%             | 2026-04-22      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat | Hyundai Auto Lease Securitization Trust 2025-B                | CUSIP: 44935DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5135976 | PA      | $5157007.43   | 0.08%             | 2027-09-15      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust                           | CUSIP: 30166XAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4491752 | PA      | $4498861.10   | 0.07%             | 2028-01-18      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                            | CUSIP: 29273VAR1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |  20820000 | PA      | $21153797.90  | 0.34%             | 2026-12-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & CO                 | McCormick & Co Inc/MD                                         | CUSIP: 579780AR8<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |   3413000 | PA      | $3409106.35   | 0.05%             | 2026-02-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd           | BlueMountain CLO XXII Ltd                                     | CUSIP: 09629PAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    109596 | PA      | $109749.70    | 0.00%             | 2031-07-15      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust        | BMW Vehicle Lease Trust 2025-2                                | CUSIP: 05594HAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5003008.00   | 0.08%             | 2027-11-26      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner  | Toyota Auto Receivables 2023-D Owner Trust                    | CUSIP: 89239FAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5546838 | PA      | $5607595.00   | 0.09%             | 2028-08-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING FRN 04/26      | WESTPAC BANKING FRN 04/26                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |  25000000 | PA      | $25000000.00  | 0.40%             | 2026-04-13      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-R3                          | CUSIP: 69549EAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7270377 | PA      | $7284455.46   | 0.12%             | 2033-01-18      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust   | Ford Credit Auto Owner Trust 2025-A                           | CUSIP: 34535KAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10535639 | PA      | $10563398.05  | 0.17%             | 2027-12-15      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC            | Ashtead Capital Inc                                           | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |  14584000 | PA      | $14367681.80  | 0.23%             | 2026-08-12      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2024-2                                   | CUSIP: 694961AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    646492 | PA      | $647958.21    | 0.01%             | 2031-08-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                            | CUSIP: 86765BAT6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |  12975000 | PA      | $12973389.15  | 0.21%             | 2026-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CADENCE DESIGN SYS INC         | Cadence Design Systems Inc                                    | CUSIP: 127387AM0<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |   5852000 | PA      | $5877907.27   | 0.09%             | 2027-09-10      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 55 CLO Ltd                                             | CUSIP: 26245MAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    779950 | PA      | $780725.00    | 0.01%             | 2031-04-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 45 Senior Loan Fund                                    | CUSIP: 26244MBA9<br>LEI: 54930046L20VLJKPVV31 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2005895.19   | 0.03%             | 2030-10-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD            | SOUND POINT CLO XIX Ltd                                       | CUSIP: 83610JAA4<br>LEI: 5493001QI7ZD0IPL4A34 | Long             | ABS-CBDO         | CORP              | KY        |      5257 | PA      | $5261.91      | 0.00%             | 2031-04-15      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES 0226           | QUANTA SERVICES 0226                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25000000.00  | 0.40%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Space Coast Credit Union       | SCCU Auto Receivables Trust 2025-1                            | CUSIP: 80620BAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7500000 | PA      | $7575336.75   | 0.12%             | 2031-01-15      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC              | General Mills Inc                                             | CUSIP: 370334CX0<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |  10848000 | PA      | $10926150.19  | 0.17%             | 2027-01-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner  | Toyota Auto Receivables 2024-A Owner Trust                    | CUSIP: 89238DAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11682312 | PA      | $11759857.07  | 0.19%             | 2028-10-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC         | Williams Cos Inc/The                                          | CUSIP: 969457CH1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |  33664000 | PA      | $33711904.55  | 0.54%             | 2026-03-02      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MARS INC                       | Mars Inc                                                      | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10134953.40  | 0.16%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Bank                           | BANK 2017-BNK7                                                | CUSIP: 06541XAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     80258 | PA      | $79681.74     | 0.00%             | 2060-09-15      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust        | BMW Vehicle Lease Trust 2024-1                                | CUSIP: 05611UAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12682891 | PA      | $12710439.99  | 0.20%             | 2027-03-25      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Loan Enhanced  | Volkswagen Auto Loan Enhanced Trust 2025-1                    | CUSIP: 92868MAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3254143 | PA      | $3256547.95   | 0.05%             | 2028-01-20      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| HCA INC 0226                   | HCA INC 0226                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13700000 | PA      | $13698496.31  | 0.22%             | 2026-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC Funding 2013-III-R Ltd                                   | CUSIP: 12552MAL2<br>LEI: 549300JZARV9CBLL1S14 | Long             | ABS-CBDO         | CORP              | KY        |    145715 | PA      | $145653.73    | 0.00%             | 2031-04-24      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC          | Amrize Finance US LLC                                         | CUSIP: 43475RAQ9<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |  22500000 | PA      | $22822049.25  | 0.36%             | 2028-04-07      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO LTD             | Shackleton 2013-IV-R CLO Ltd                                  | CUSIP: 81882HAA3<br>LEI: 5493000LHXWSIZGUY418 | Long             | ABS-CBDO         | CORP              | KY        |      1952 | PA      | $1953.87      | 0.00%             | 2031-04-13      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable | Westlake Automobile Receivables Trust 2025-3                  | CUSIP: 96043QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5007560.00   | 0.08%             | 2028-04-17      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| AMCOR FINANCE USA INC          | Amcor Finance USA Inc                                         | CUSIP: 02343UAG0<br>LEI: 549300ZMT7FVT8R77U18 | Long             | DBT              | CORP              | US        |  22406000 | PA      | $22379955.94  | 0.36%             | 2026-04-28      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER C 0226          | AMERICAN WATER C 0226                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14995270.03  | 0.24%             | 2026-02-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CarMax Select Receivables Trus | Carmax Select Receivables Trust 2024-A                        | CUSIP: 14319FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1203260 | PA      | $1205092.29   | 0.02%             | 2027-09-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust         | John Deere Owner Trust 2024                                   | CUSIP: 47800RAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16883208 | PA      | $17030309.88  | 0.27%             | 2028-11-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC       | Constellation Brands Inc                                      | CUSIP: 21036PAQ1<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |  19347000 | PA      | $19322860.55  | 0.31%             | 2026-12-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM       | Amcor Flexibles North America Inc                             | CUSIP: 02344AAF5<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10151601.10  | 0.16%             | 2028-03-17      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust   | Ford Credit Auto Owner Trust 2025-A                           | CUSIP: 34535KAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3490934 | PA      | $3494058.38   | 0.06%             | 2027-12-15      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| PRA HEALTH SCIENCES INC        | PRA Health Sciences Inc                                       | CUSIP: 45569KAA1<br>LEI: 549300R1HR1VWWHIAK47 | Long             | DBT              | CORP              | US        |  34139000 | PA      | $33933608.85  | 0.54%             | 2026-07-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                             | CUSIP: 3136ANVJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    243702 | PA      | $241983.48    | 0.00%             | 2034-06-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC            | Global Payments Inc                                           | CUSIP: 891906AC3<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   5010000 | PA      | $5015243.62   | 0.08%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                    | Truist Bank                                                   | CUSIP: 89788JAJ8<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10013775.20  | 0.16%             | 2029-01-27      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC             | Conagra Brands Inc                                            | CUSIP: 205887CJ9<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |  25567000 | PA      | $25757430.69  | 0.41%             | 2026-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CQS US CLO Ltd                 | CQS US CLO 2021-1 Ltd                                         | CUSIP: 12659UAL6<br>LEI: 549300GF7PVRIKZNMY06 | Long             | ABS-CBDO         | CORP              | KY        |   1350000 | PA      | $1350674.31   | 0.02%             | 2035-01-20      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Milos CLO, LTD                 | Milos CLO Ltd                                                 | CUSIP: 60162PAG7<br>LEI: 254900GFWI4EEB8IJS18 | Long             | ABS-CBDO         | CORP              | KY        |    150282 | PA      | $150702.94    | 0.00%             | 2030-10-20      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137FAWR5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    864536 | PA      | $859207.73    | 0.01%             | 2027-03-25      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co Inc                         | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  24601000 | PA      | $24595250.01  | 0.39%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC          | Amrize Finance US LLC                                         | CUSIP: 43475RAP1<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20147404.20  | 0.32%             | 2027-04-07      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CarMax Select Receivables Trus | Carmax Select Receivables Trust 2024-A                        | CUSIP: 14319FAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2883500 | PA      | $2884538.43   | 0.05%             | 2027-09-15      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust 2025-A                         | CUSIP: 44935CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6810712 | PA      | $6813977.94   | 0.11%             | 2027-12-15      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Eaton Vance CDO Ltd            | Eaton Vance CLO 2019-1 Ltd                                    | CUSIP: 27830XAW6<br>LEI: 5493007R7GEORNX00105 | Long             | ABS-CBDO         | CORP              | KY        |    976000 | PA      | $980294.68    | 0.02%             | 2037-07-15      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK        | Morgan Stanley Private Bank NA                                | CUSIP: 61776NVE0<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10065607.20  | 0.16%             | 2028-07-06      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Bank                           | BANK 2017-BNK6                                                | CUSIP: 060352AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    483654 | PA      | $481940.92    | 0.01%             | 2060-07-15      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| Fortress Credit BSL Limited    | Fortress Credit BSL XIX Ltd                                   | CUSIP: 34966BAL0<br>LEI: 2549008HR79TDG6LYY87 | Long             | ABS-CBDO         | CORP              | JE        |    833334 | PA      | $834503.97    | 0.01%             | 2036-07-24      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                | CVS Health Corp                                               | CUSIP: 126650DH0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |  14111000 | PA      | $14052641.28  | 0.22%             | 2027-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Loan Enhanced  | Volkswagen Auto Loan Enhanced Trust 2025-1                    | CUSIP: 92868MAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10029269 | PA      | $10053072.60  | 0.16%             | 2028-01-20      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELECTRI 0226          | VIRGINIA ELECTRI 0226                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14985734.94  | 0.24%             | 2026-02-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit Partners       | OHA Credit Funding 12-R Ltd                                   | CUSIP: 676916AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2677500 | PA      | $2680126.39   | 0.04%             | 2037-07-20      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                    | Citibank NA                                                   | CUSIP: 17325FBN7<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   9375000 | PA      | $9463270.13   | 0.15%             | 2027-05-29      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Trust 2025-6                     | CUSIP: 76100JAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9400000 | PA      | $9429672.98   | 0.15%             | 2034-08-25      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-10                          | CUSIP: 69544MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4014886 | PA      | $4034213.80   | 0.06%             | 2032-06-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                      | CUSIP: 53944YAP8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $4967762.65   | 0.08%             | 2027-05-11      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Porsche Innovative Lease Owner | Porsche Innovative Lease Owner Trust 2025-1                   | CUSIP: 73329KAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4646281 | PA      | $4650709.43   | 0.07%             | 2027-12-20      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | Carlyle Global Market Strategies CLO 2016-1 Ltd               | CUSIP: 14312HBE5<br>LEI: 549300N3CJKPCWZ7KX23 | Long             | ABS-CBDO         | CORP              | KY        |  15000000 | PA      | $15017383.14  | 0.24%             | 2034-04-20      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC           | Keurig Dr Pepper Inc                                          | CUSIP: 26138EAU3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |  19529000 | PA      | $19352525.80  | 0.31%             | 2026-09-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                 | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10077903.00  | 0.16%             | 2028-05-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP         | Bank of New York Mellon Corp/The                              | CUSIP: 06406RBQ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |  35000000 | PA      | $35083092.10  | 0.56%             | 2027-04-26      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV        | Fidelity National Information Services Inc                    | CUSIP: 31620MBW5<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5018874.05   | 0.08%             | 2027-07-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| TCI-Flatiron CLO Ltd           | TCI-Flatiron Clo 2018-1 Ltd                                   | CUSIP: 87232CAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3666459 | PA      | $3675020.08   | 0.06%             | 2035-07-29      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                                                      | CUSIP: 00206RML3<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |  25404000 | PA      | $25327870.82  | 0.40%             | 2026-03-25      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd              | Elevation CLO 2026-19 Ltd                                     | CUSIP: 28624QAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500375.00   | 0.02%             | 2038-03-31      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                             | CUSIP: 3136AJSW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    689814 | PA      | $683360.79    | 0.01%             | 2033-06-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CRH AMERICA FINANCE INC        | CRH America Finance Inc                                       | CUSIP: 12636YAA0<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |  32613000 | PA      | $32396898.43  | 0.52%             | 2027-05-09      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & CO                 | McCormick & Co Inc/MD                                         | CUSIP: 579780AN7<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |  10192000 | PA      | $10120807.56  | 0.16%             | 2027-08-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| RCKT Trust                     | RCKTL 2025-2                                                  | CUSIP: 74939HAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5543982 | PA      | $5550719.28   | 0.09%             | 2034-11-27      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Saranac CLO LTD                | Saranac Clo VI Ltd                                            | CUSIP: 80317LAJ2<br>LEI: 5493002U06KAOJIMH261 | Long             | ABS-CBDO         | CORP              | JE        |    701220 | PA      | $701801.45    | 0.01%             | 2031-08-13      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2026-1                           | CUSIP: 694969AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1500000.00   | 0.02%             | 2033-09-15      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| SKANDIN ENS BANKEN AG          | SKANDINAVISKA ENSKIL                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24649008.28  | 0.39%             | 2026-06-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                      | CUSIP: 539439AQ2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  10000000 | PA      | $9924048.10   | 0.16%             | 2028-11-07      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES         | PNC Financial Services Group Inc/The                          | CUSIP: 693475BV6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8103142.80   | 0.13%             | 2028-01-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd          | KKR CLO 41 Ltd                                                | CUSIP: 48255PAA3<br>LEI: 254900UD92WBBLUHGZ35 | Long             | ABS-CBDO         | CORP              | KY        |   5500000 | PA      | $5510981.32   | 0.09%             | 2035-04-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2018-2 Ltd                                           | CUSIP: 92917JAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     36768 | PA      | $36820.95     | 0.00%             | 2031-07-15      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                       | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8152214.08   | 0.13%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO LTD            | 522 Funding CLO 2018-3A Ltd                                   | CUSIP: 33835NAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    448922 | PA      | $449383.76    | 0.01%             | 2031-10-20      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRAL FRN 6/26      | NATIONAL AUSTRAL FRN 6/26                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |  15000000 | PA      | $15000000.00  | 0.24%             | 2026-06-02      | Floating      | 4.46%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO           | Kraft Heinz Foods Co                                          | CUSIP: 50077LAD8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |  28568000 | PA      | $28477671.41  | 0.46%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable | Westlake Automobile Receivables Trust 2026-1                  | CUSIP: 96043BAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10002726.00  | 0.16%             | 2028-09-15      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC            | Quanta Services Inc                                           | CUSIP: 74762EAM4<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $9059050.17   | 0.14%             | 2028-08-09      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2025-R06                  | CUSIP: 20754YAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16698136 | PA      | $16713067.74  | 0.27%             | 2045-09-25      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| CENCORA INC DISC 0226          | CENCORA INC DISC 0226                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20500000 | PA      | $20447639.95  | 0.33%             | 2026-02-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORPORATION    | WESTPAC BANKING CORP                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20000000.00  | 0.32%             | 2026-02-27      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Exeter Select Automobile Recei | Exeter Select Automobile Receivables Trust 2025-1             | CUSIP: 30185AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5916344 | PA      | $5933414.83   | 0.09%             | 2028-10-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC              | Expedia Group Inc                                             | CUSIP: 30212PAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5000594.45   | 0.08%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                 | Solventum Corp                                                | CUSIP: 83444MAN1<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |  30602000 | PA      | $31046558.31  | 0.50%             | 2027-02-25      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                 | CarVal CLO VI-C Ltd                                           | CUSIP: 14686FAN8<br>LEI: 254900QBAWTE1ZDDLS52 | Long             | ABS-CBDO         | CORP              | JE        |   5000000 | PA      | $5001250.00   | 0.08%             | 2038-03-21      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                          | CUSIP: 06051GHT9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  20530000 | PA      | $20508923.70  | 0.33%             | 2027-04-23      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 61 Clo Ltd                                             | CUSIP: 26251CBA1<br>LEI: 549300JHVVT1NJ057H42 | Long             | ABS-CBDO         | CORP              | KY        |  10849761 | PA      | $10874742.25  | 0.17%             | 2032-01-17      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC              | General Mills Inc                                             | CUSIP: 370334BZ6<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |  13232000 | PA      | $13148089.80  | 0.21%             | 2027-02-10      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership            | LCM 29 Ltd                                                    | CUSIP: 50201MAQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     76082 | PA      | $76251.99     | 0.00%             | 2031-04-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust   | Ford Credit Auto Owner Trust 2023-A                           | CUSIP: 344928AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4064051 | PA      | $4075305.60   | 0.07%             | 2028-02-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2025-1                 | CUSIP: 80288DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    565806 | PA      | $565985.01    | 0.01%             | 2027-08-16      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| US BANCORP                     | US Bancorp                                                    | CUSIP: 91159HJC5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |  15771000 | PA      | $15513264.17  | 0.25%             | 2028-01-27      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137BRQJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6383962 | PA      | $6345581.36   | 0.10%             | 2026-07-25      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                 | Galaxy XXII CLO Ltd                                           | CUSIP: 36320TBD4<br>LEI: 54930022KENWLYJ8SJ86 | Long             | ABS-CBDO         | CORP              | KY        |    373772 | PA      | $373771.62    | 0.01%             | 2034-04-16      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| TCI-Symphony CLO               | TCI-Symphony CLO 2017-1 Ltd                                   | CUSIP: 87232BAF9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    248755 | PA      | $248879.36    | 0.00%             | 2030-07-15      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD            | Sound Point Clo XX Ltd                                        | CUSIP: 83611JAA3<br>LEI: 549300RTEBF0FW35D815 | Long             | ABS-CBDO         | CORP              | KY        |    188940 | PA      | $189226.63    | 0.00%             | 2031-07-26      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co Inc                         | CUSIP: 92564RAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1432078.69   | 0.02%             | 2027-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                                  | CUSIP: 06738EAU9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   4996000 | PA      | $5010029.42   | 0.08%             | 2028-01-10      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund LTD     | Atlas Senior Loan Fund XV Ltd                                 | CUSIP: 04942MAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    240025 | PA      | $240729.83    | 0.00%             | 2032-10-23      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                                  | CUSIP: 06738ECF0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $5022856.30   | 0.08%             | 2027-05-09      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| RTX CORP                       | RTX Corp                                                      | CUSIP: 913017CH0<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |  15273000 | PA      | $15147741.55  | 0.24%             | 2026-11-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC           | Keurig Dr Pepper Inc                                          | CUSIP: 49271VAZ3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10045790.60  | 0.16%             | 2028-05-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137FL6U3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1228559 | PA      | $1223693.51   | 0.02%             | 2028-02-25      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137FHQ55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5237889 | PA      | $5241194.97   | 0.08%             | 2030-06-25      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| MOLEX ELECTRONICS TECH         | Molex Electronic Technologies LLC                             | CUSIP: 60856BAE4<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |   6846000 | PA      | $6941549.01   | 0.11%             | 2028-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALCON FINANCE CORP             | Alcon Finance Corp                                            | CUSIP: 01400EAA1<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $29763669.90  | 0.48%             | 2026-09-23      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC         | Roper Technologies Inc                                        | CUSIP: 776743AD8<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |  19486000 | PA      | $19474790.48  | 0.31%             | 2026-12-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable | Westlake Automobile Receivables Trust 2025-2                  | CUSIP: 96041KAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $6003584.40   | 0.10%             | 2028-09-15      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner  | Toyota Auto Receivables 2025-B Owner Trust                    | CUSIP: 89231HAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4752288 | PA      | $4764487.62   | 0.08%             | 2028-03-15      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.            | PFS Financing Corp                                            | CUSIP: 69335PFW0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10038719.00  | 0.16%             | 2029-04-15      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO          | Becton Dickinson & Co                                         | CUSIP: 075887CQ0<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10136944.30  | 0.16%             | 2028-02-13      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-5                           | CUSIP: 69544LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    907207 | PA      | $911583.81    | 0.01%             | 2031-10-15      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 37 Senior Loan Fund                                    | CUSIP: 26249MAN7<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-CBDO         | CORP              | KY        |    114775 | PA      | $114939.34    | 0.00%             | 2031-01-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2025-R05                  | CUSIP: 20753CAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13356730 | PA      | $13376409.94  | 0.21%             | 2045-07-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                   | CUSIP: 68389XBN4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14715772.35  | 0.24%             | 2027-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Steele Creek CLO Ltd           | Steele Creek Clo 2017-1 Ltd                                   | CUSIP: 85816VAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    291260 | PA      | $292011.76    | 0.00%             | 2030-10-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit | Bain Capital Credit CLO 2019-1                                | CUSIP: 05683VBJ2<br>LEI: 549300B0VI605XM3L529 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5002755.00   | 0.08%             | 2034-04-19      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner  | Toyota Auto Receivables 2023-B Owner Trust                    | CUSIP: 891941AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1984294 | PA      | $1991928.45   | 0.03%             | 2028-02-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137BXQX3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7182100 | PA      | $7145175.11   | 0.11%             | 2026-10-25      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELS FRN 08/26      | SVENSKA HANDELS FRN 08/26                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | SE        |  25000000 | PA      | $25000000.00  | 0.40%             | 2026-08-14      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| Arbor Multifamily Mortgage Sec | Arbor Multifamily Mortgage Securities Trust 2020-MF1          | CUSIP: 03881BAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8125898 | PA      | $7900989.62   | 0.13%             | 2053-05-15      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                | Cigna Group/The                                               | CUSIP: 125523CB4<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |  17478000 | PA      | $17386502.32  | 0.28%             | 2027-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION              | Sysco Corp                                                    | CUSIP: 871829BF3<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14874219.60  | 0.24%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                | Venture 34 CLO Ltd                                            | CUSIP: 92332CAE9<br>LEI: 549300MYRV6PEDBLPL32 | Long             | ABS-CBDO         | CORP              | KY        |    188257 | PA      | $188661.50    | 0.00%             | 2031-10-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-11                          | CUSIP: 69544AAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2758021 | PA      | $2773151.37   | 0.04%             | 2032-07-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                   | Enbridge Inc                                                  | CUSIP: 29250NBH7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |  10473000 | PA      | $10309883.55  | 0.16%             | 2026-10-04      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC           | Keurig Dr Pepper Inc                                          | CUSIP: 49271VAY6<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10005721.00  | 0.16%             | 2026-11-15      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| FACTSET RESEARCH SYSTEMS       | FactSet Research Systems Inc                                  | CUSIP: 303075AA3<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $29647576.50  | 0.47%             | 2027-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| SWEDBANK FRN 04/26             | SWEDBANK FRN 04/26                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25000000.00  | 0.40%             | 2026-04-06      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus | CSAIL 2019-C15 Commercial Mortgage Trust                      | CUSIP: 22945DAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    745553 | PA      | $743381.45    | 0.01%             | 2052-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                              | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15129010.65  | 0.24%             | 2028-01-24      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd                   | TICP CLO VII Ltd                                              | CUSIP: 87248TAU9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    340812 | PA      | $341603.51    | 0.01%             | 2033-04-15      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY        | Cooperatieve Rabobank UA/NY                                   | CUSIP: 21684LKA9<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  15000000 | PA      | $15002559.00  | 0.24%             | 2026-03-06      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| Cent CLO LP                    | Columbia Cent CLO 32 Ltd                                      | CUSIP: 19737TBG0<br>LEI: 549300NBGVSLUALOY827 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250291.49    | 0.00%             | 2034-07-24      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATIONAL INFORM       | Fidelity National Information Services Inc                    | CUSIP: 31620MAY2<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   8747000 | PA      | $8722379.38   | 0.14%             | 2028-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137BSP72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9072000 | PA      | $9003628.87   | 0.14%             | 2026-08-25      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-5                           | CUSIP: 69548WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4436083 | PA      | $4439069.65   | 0.07%             | 2026-08-17      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATIONA 0226          | CANADIAN NATIONA 0226                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $19983315.95  | 0.32%             | 2026-02-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICE 0226          | REPUBLIC SERVICE 0226                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14982667.72  | 0.24%             | 2026-02-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS 0226           | GLOBAL PAYMENTS 0226                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  29000000 | PA      | $28996751.43  | 0.46%             | 2026-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2016-BNK2                      | CUSIP: 61690YBS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    550049 | PA      | $547251.42    | 0.01%             | 2049-11-15      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC              | Brown & Brown Inc                                             | CUSIP: 115236AH4<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |  29370000 | PA      | $29548668.28  | 0.47%             | 2026-12-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES | Mercedes-Benz Auto Receivables Trust 2023-1                   | CUSIP: 58770AAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6644904 | PA      | $6659002.86   | 0.11%             | 2027-11-15      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 54 Senior Loan Fund                                    | CUSIP: 26244RAF8<br>LEI: 54930064P37IJ78XTR63 | Long             | ABS-CBDO         | CORP              | KY        |      8957 | PA      | $8966.24      | 0.00%             | 2029-10-19      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CA 0127 FRN      | ROYAL BANK OF CA 0127 FRN                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $20000000.00  | 0.32%             | 2027-01-25      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                              | CUSIP: 95000U4C4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9998149.00   | 0.16%             | 2030-01-23      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP        | AUSTRALIA & NEW ZEALAND BANKING GROUP LTD                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |  25000000 | PA      | $24662604.17  | 0.39%             | 2026-06-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus | CSAIL 2017-CX10 Commercial Mortgage Trust                     | CUSIP: 12595JAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     82500 | PA      | $82128.92     | 0.00%             | 2050-11-15      | Variable      | 3.33%                 | No            |                  2 | On Loan: No      |
| Alloya Auto Receivables Trust  | Alloya Auto Receivables Trust 2025-1                          | CUSIP: 01986QAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7820000 | PA      | $7850577.76   | 0.13%             | 2028-12-26      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2020-NQM1 Trust                                          | CUSIP: 126401AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2030366 | PA      | $1959687.28   | 0.03%             | 2065-05-25      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2025-1               | CUSIP: 76089YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6360085 | PA      | $6392133.73   | 0.10%             | 2033-06-27      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec | American Credit Acceptance Receivables Trust 2025-3           | CUSIP: 02528EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2726020 | PA      | $2733379.81   | 0.04%             | 2029-01-12      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2020-2R Mortgage Loan Trust                              | CUSIP: 12656GAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1381307 | PA      | $1318491.30   | 0.02%             | 2065-10-26      | Variable      | 1.32%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD      | Anchorage Capital Clo 18 Ltd                                  | CUSIP: 03331AAA9<br>LEI: 549300JIJ617WYIUFX18 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300393.08    | 0.00%             | 2034-04-15      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                     | VMware LLC                                                    | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |  29891000 | PA      | $29504206.28  | 0.47%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| GLOBAL PMTS INC 0226           | GLOBAL PMTS INC 0226                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  32800000 | PA      | $32800000.00  | 0.52%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SKANDIN FRN 4/26               | SKANDIN FRN 4/26                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | SE        |  15000000 | PA      | $15000000.00  | 0.24%             | 2026-04-02      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd         | Rockford Tower CLO 2019-2 Ltd                                 | CUSIP: 77341GAS9<br>LEI: 549300IG5M07NI4QKK80 | Long             | ABS-CBDO         | CORP              | KY        |    528571 | PA      | $529999.80    | 0.01%             | 2032-08-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC              | L3Harris Technologies Inc                                     | CUSIP: 502431AP4<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15210336.90  | 0.24%             | 2027-01-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable | Westlake Automobile Receivables Trust Series 2023-P1          | CUSIP: 96042UAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225779 | PA      | $225980.52    | 0.00%             | 2027-02-16      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA         | Santander Holdings USA Inc                                    | CUSIP: 80282KBC9<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |  10497000 | PA      | $10340033.95  | 0.17%             | 2028-01-06      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag | PRPM 2025-NQM6 Trust                                          | CUSIP: 69383RAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6382993 | PA      | $6397147.55   | 0.10%             | 2070-12-25      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | Royal Bank of Canada                                          | CUSIP: 78017DAK4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5054065.05   | 0.08%             | 2029-08-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 54 Senior Loan Fund                                    | CUSIP: 26244RAG6<br>LEI: 54930064P37IJ78XTR63 | Long             | ABS-CBDO         | CORP              | KY        |   8550000 | PA      | $8563130.86   | 0.14%             | 2029-10-19      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Porsche Financial Auto Securit | Porsche Financial Auto Securitization Trust 2025-1            | CUSIP: 732911AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8578264 | PA      | $8583819.77   | 0.14%             | 2029-03-22      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust  | UBS Commercial Mortgage Trust 2018-C9                         | CUSIP: 90291JAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6188338 | PA      | $6189135.35   | 0.10%             | 2051-03-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust  | UBS Commercial Mortgage Trust 2017-C6                         | CUSIP: 90276UAU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    319250 | PA      | $317647.03    | 0.01%             | 2050-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Exeter Select Automobile Recei | Exeter Select Automobile Receivables Trust 2025-2             | CUSIP: 30185EAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6759067 | PA      | $6782585.24   | 0.11%             | 2029-06-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137FHPH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11435190 | PA      | $11419065.94  | 0.18%             | 2028-04-25      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC            | Ashtead Capital Inc                                           | CUSIP: 045054AF0<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |  29700000 | PA      | $29660616.32  | 0.47%             | 2027-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CIM Trust                      | CIM Trust 2019-INV3                                           | CUSIP: 12557LBK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3398572 | PA      | $3306461.40   | 0.05%             | 2049-08-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust       | Toyota Lease Owner Trust 2024-B                               | CUSIP: 891943AC6<br>LEI: 254900R64DFTI1MWY364 | Long             | ABS-O            | CORP              | US        |    171584 | PA      | $171604.90    | 0.00%             | 2027-02-22      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS          | Universal Health Services Inc                                 | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24636103.25  | 0.39%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership            | LCM 26 Ltd                                                    | CUSIP: 50200FAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     18246 | PA      | $18276.91     | 0.00%             | 2031-01-20      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable | Westlake Automobile Receivables Trust 2025-P1                 | CUSIP: 96043LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4078823 | PA      | $4091100.92   | 0.07%             | 2028-02-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner  | Toyota Auto Receivables 2022-D Owner Trust                    | CUSIP: 89239HAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2483363 | PA      | $2495033.11   | 0.04%             | 2027-09-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT             | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2024-1 | CUSIP: 35563PR68<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  12264365 | PA      | $12176365.90  | 0.19%             | 2063-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC              | Brown & Brown Inc                                             | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |  14409000 | PA      | $14605509.80  | 0.23%             | 2028-06-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| DLLAA LLC                      | DLLAA 2025-1 LLC                                              | CUSIP: 233249AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4434503 | PA      | $4451016.19   | 0.07%             | 2027-10-20      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC       | Constellation Energy Generation LLC                           | CUSIP: 210385AP5<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14987579.55  | 0.24%             | 2028-01-08      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2025-R04                  | CUSIP: 20755TAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13810749 | PA      | $13830297.19  | 0.22%             | 2045-05-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| BofA Auto Trust                | BofA Auto Trust 2024-1                                        | CUSIP: 09709AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12148447 | PA      | $12255331.20  | 0.20%             | 2028-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co Inc                         | CUSIP: 92564RAH8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8135000 | PA      | $8142307.59   | 0.13%             | 2026-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust   | Ford Credit Auto Owner Trust 2025-B                           | CUSIP: 34532BAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8400000 | PA      | $8403188.64   | 0.13%             | 2028-06-15      | Floating      | 4.01%                 | No            |                  2 | On Loan: No      |
| AGL CLO 1 LTD.                 | AGL CLO 1 LTD                                                 | CUSIP: 00119HAQ3<br>LEI: 5493005XHETQNZF9TM25 | Long             | ABS-CBDO         | CORP              | KY        |    280000 | PA      | $280376.08    | 0.00%             | 2034-10-20      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr | World Omni Auto Receivables Trust 2025-D                      | CUSIP: 98165HAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5004892.50   | 0.08%             | 2029-02-15      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| MARTIN MARIETTA MATERIAL       | Martin Marietta Materials Inc                                 | CUSIP: 573284AQ9<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |   8611000 | PA      | $8561407.53   | 0.14%             | 2027-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | CarMax Auto Owner Trust 2026-1                                | CUSIP: 14320XAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10009430.00  | 0.16%             | 2029-04-16      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Black Diamond CLO Ltd          | Black Diamond CLO 2021-1 Ltd                                  | CUSIP: 09204WAF1<br>LEI: 549300IEWA7GZ3ECTT90 | Long             | ABS-CBDO         | CORP              | KY        |    785000 | PA      | $786107.69    | 0.01%             | 2034-11-22      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2025-NQM7                 | CUSIP: 64831YAA4<br>LEI: 2138008C4H1F2CU67V53 | Long             | ABS-MBS          | CORP              | US        |   4966618 | PA      | $4986473.71   | 0.08%             | 2065-10-26      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit | Bain Capital Credit CLO 2020-2 Ltd                            | CUSIP: 05683EAW2<br>LEI: 254900JJEDONFKODOF95 | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1300000.00   | 0.02%             | 2034-07-19      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2024-4                      | CUSIP: 36270YAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    787502 | PA      | $787692.20    | 0.01%             | 2027-10-15      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor | JPMCC Commercial Mortgage Securities Trust 2017-JP5           | CUSIP: 46647TAT5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    986008 | PA      | $982441.16    | 0.02%             | 2050-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK       | Huntington National Bank/The                                  | CUSIP: 44644MAK7<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |  25171000 | PA      | $25393942.06  | 0.41%             | 2028-04-12      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                                                      | CUSIP: 00206RDQ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |  21843000 | PA      | $21910440.70  | 0.35%             | 2027-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD              | Battalion CLO IX Ltd                                          | CUSIP: 07132EAS4<br>LEI: 549300JMWGEYZEC6GK98 | Long             | ABS-CBDO         | CORP              | KY        |   3757524 | PA      | $3762593.74   | 0.06%             | 2031-07-15      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Lease Trust          | SBNA Auto Lease Trust 2024-A                                  | CUSIP: 78414SAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1994677 | PA      | $1997757.50   | 0.03%             | 2026-11-20      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Fortress Credit BSL Limited    | Fortress Credit Bsl VII Ltd                                   | CUSIP: 34956NAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    457274 | PA      | $457984.32    | 0.01%             | 2032-07-23      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-7                               | CUSIP: 46651GAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2412410 | PA      | $2361673.37   | 0.04%             | 2050-02-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Alloya Auto Receivables Trust  | Alloya Auto Receivables Trust 2025-1                          | CUSIP: 01986QAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9260717 | PA      | $9275665.57   | 0.15%             | 2027-10-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Fannie Mae-Aces                                               | CUSIP: 3136AUKX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    883881 | PA      | $875525.61    | 0.01%             | 2026-09-25      | Variable      | 2.44%                 | No            |                  2 | On Loan: No      |
| CABOT CORP 0226                | CABOT CORP 0226                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  31600000 | PA      | $31600000.00  | 0.51%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust 2024-C                         | CUSIP: 448976AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    952239 | PA      | $953611.23    | 0.02%             | 2027-09-15      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| Crown City CLO                 | Crown City CLO V                                              | CUSIP: 22823AAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502319.02    | 0.01%             | 2037-04-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust   | Ford Credit Auto Owner Trust 2025-B                           | CUSIP: 34532BAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8500000 | PA      | $8504573.00   | 0.14%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                          | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7130816.98   | 0.11%             | 2029-01-24      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                | Venture 37 CLO Ltd                                            | CUSIP: 92333BBA7<br>LEI: 549300IW5Q3C6JHMIU22 | Long             | ABS-CBDO         | CORP              | KY        |    569006 | PA      | $570584.83    | 0.01%             | 2032-07-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                              | CUSIP: 95000U4D2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10009790.10  | 0.16%             | 2030-01-23      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| CCL INDUSTRIES INC             | CCL Industries Inc                                            | CUSIP: 124900AB7<br>LEI: 549300TD3EMSRRC0YH75 | Long             | DBT              | CORP              | CA        |  30495000 | PA      | $30335561.77  | 0.48%             | 2026-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137FCJJ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    109456 | PA      | $108748.25    | 0.00%             | 2027-04-25      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| AUTODESK INC                   | Autodesk Inc                                                  | CUSIP: 052769AE6<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $29821785.90  | 0.48%             | 2027-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd          | KKR CLO 46 Ltd                                                | CUSIP: 48255VAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $600358.42    | 0.01%             | 2037-10-20      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| GCAT                           | GCAT 2019-NQM2 Trust                                          | CUSIP: 36167FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    980464 | PA      | $970724.25    | 0.02%             | 2060-01-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2013-3 Ltd                                           | CUSIP: 92916XAJ6<br>LEI: 5493003QPCHR7P2XIW55 | Long             | ABS-CBDO         | CORP              | KY        |    594307 | PA      | $595358.53    | 0.01%             | 2031-10-18      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                   | Synopsys Inc                                                  | CUSIP: 871607AA5<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30219834.30  | 0.48%             | 2027-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| World Omni Automobile Lease Se | World Omni Automobile Lease Securitization Trust 2025-A       | CUSIP: 98164PAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2948841 | PA      | $2950349.73   | 0.05%             | 2027-12-15      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya Ai Debt Grantor Trust 2025-6                           | CUSIP: 69549BAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4677306 | PA      | $4681912.59   | 0.07%             | 2033-04-15      | Variable      | 4.36%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner T | Honda Auto Receivables 2024-1 Owner Trust                     | CUSIP: 437918AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  21422156 | PA      | $21606433.90  | 0.35%             | 2028-08-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP       | Toyota Motor Credit Corp                                      | CUSIP: 89236TPG4<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  17000000 | PA      | $17024626.37  | 0.27%             | 2028-01-12      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2026-1                           | CUSIP: 694969AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3000000.00   | 0.05%             | 2027-02-15      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                     | Apidos CLO XXIV                                               | CUSIP: 03759CAS9<br>LEI: 549300PPHIOJQEKPJH29 | Long             | ABS-CBDO         | CORP              | KY        |    114840 | PA      | $115029.18    | 0.00%             | 2030-10-20      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| AB Bsl CLO 1 Ltd               | AB BSL CLO 2 Ltd                                              | CUSIP: 00037LAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $600705.27    | 0.01%             | 2034-04-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd           | BlueMountain CLO 2015-4 Ltd                                   | CUSIP: 09628NBA9<br>LEI: 549300EB3KHH9T7ICE44 | Long             | ABS-CBDO         | CORP              | KY        |  10400000 | PA      | $10410020.70  | 0.17%             | 2030-04-20      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| US BANK NA CINCINNATI          | US Bank NA/Cincinnati OH                                      | CUSIP: 90331HPS6<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10097984.50  | 0.16%             | 2028-05-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| BOEING CO                      | Boeing Co/The                                                 | CUSIP: 097023BR5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   4971000 | PA      | $4936658.69   | 0.08%             | 2026-06-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY        | Cooperatieve Rabobank UA/NY                                   | CUSIP: 21688ABG6<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  20000000 | PA      | $20043945.00  | 0.32%             | 2026-08-28      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| FISERV INC                     | Fiserv Inc                                                    | CUSIP: 337738BJ6<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |  20986000 | PA      | $21219989.07  | 0.34%             | 2027-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC       | Constellation Energy Generation LLC                           | CUSIP: 210385AN0<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15029712.15  | 0.24%             | 2028-01-08      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2024-R06                  | CUSIP: 20755RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3659567 | PA      | $3670339.06   | 0.06%             | 2044-09-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD       | Alimentation Couche-Tard Inc                                  | CUSIP: 01626PAH9<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $4967066.65   | 0.08%             | 2027-07-26      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES 0226           | TARGA RESOURCES 0226                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  60000000 | PA      | $60000000.00  | 0.96%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                              | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14964747.00  | 0.24%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| OHA Credit Partners Ltd        | OHA Credit Partners XI Ltd                                    | CUSIP: 67109FAU9<br>LEI: 549300OYGEU6QQMCEG78 | Long             | ABS-CBDO         | CORP              | KY        |    425000 | PA      | $426593.75    | 0.01%             | 2037-04-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-8                               | CUSIP: 46591KAZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    132722 | PA      | $130156.71    | 0.00%             | 2050-03-25      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2020-INV1 Trust                                           | CUSIP: 67113CAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1329007 | PA      | $1305665.04   | 0.02%             | 2049-12-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137FPHF5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2858425 | PA      | $2858997.67   | 0.05%             | 2026-07-25      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co Inc                         | CUSIP: 92564RAJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6480000 | PA      | $6549786.10   | 0.10%             | 2027-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Colony American Finance Ltd    | Corevest American Finance 2021-1 Trust                        | CUSIP: 21873LAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5492330 | PA      | $5421239.39   | 0.09%             | 2053-04-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust         | Chase Auto Owner Trust 2024-1                                 | CUSIP: 16144BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5924092 | PA      | $5983448.13   | 0.10%             | 2029-05-25      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER C 0226          | AMERICAN WATER C 0226                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24997392.57  | 0.40%             | 2026-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | Carmax Auto Owner Trust 2022-4                                | CUSIP: 14318UAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    926380 | PA      | $928623.16    | 0.01%             | 2027-08-16      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                                  | CUSIP: 06738ECX1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   9412000 | PA      | $9596746.55   | 0.15%             | 2029-02-25      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Fannie Mae-Aces                                               | CUSIP: 3136B3YM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2977354 | PA      | $2956986.15   | 0.05%             | 2026-12-25      | Variable      | 3.08%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                | CVS Health Corp                                               | CUSIP: 126650DM9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9593510.50   | 0.15%             | 2027-08-21      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD              | Battalion CLO XXII Ltd                                        | CUSIP: 07134KAN9<br>LEI: 5493003R1TSL3IKE4V49 | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $601145.03    | 0.01%             | 2035-01-20      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                       | CUSIP: 404121AH8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20021274.80  | 0.32%             | 2026-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd          | KKR CLO 9 Ltd                                                 | CUSIP: 48250LAY5<br>LEI: 549300C6QY0XRSC8FH09 | Long             | ABS-CBDO         | CORP              | KY        |    237470 | PA      | $238095.89    | 0.00%             | 2030-07-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | Royal Bank of Canada                                          | CUSIP: 78017DAF5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $10091852.90  | 0.16%             | 2028-03-27      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Fannie Mae-Aces                                               | CUSIP: 3136ASVZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    698729 | PA      | $694954.22    | 0.01%             | 2026-05-25      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 80 CLO Ltd                                             | CUSIP: 26245JBA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4184844 | PA      | $4188273.35   | 0.07%             | 2033-01-17      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC         | GE HealthCare Technologies Inc                                | CUSIP: 36267VAF0<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25716823.00  | 0.41%             | 2027-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                 | ICG US CLO 2014-1 Ltd                                         | CUSIP: 44928XAY0<br>LEI: 25490053S2JSJU63Y978 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250384.31    | 0.00%             | 2034-10-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                   | Synopsys Inc                                                  | CUSIP: 871607AB3<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10129803.10  | 0.16%             | 2028-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd             | Wind River 2021-4 CLO Ltd                                     | CUSIP: 97316UAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250543.47    | 0.00%             | 2035-01-20      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL 0226          | INTERCONTINENTAL 0226                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24989488.96  | 0.40%             | 2026-02-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Crown Point CLO Ltd            | Crown Point CLO 8 Ltd                                         | CUSIP: 22846BAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500783.41    | 0.01%             | 2034-10-20      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership            | LCM 31 Ltd                                                    | CUSIP: 50201QAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5006708.72   | 0.08%             | 2034-07-20      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust               | Hilton USA Trust 2016-HHV                                     | CUSIP: 43300LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $994913.10    | 0.02%             | 2038-11-05      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC              | L3Harris Technologies Inc                                     | CUSIP: 502431AL3<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |  14177000 | PA      | $14167946.57  | 0.23%             | 2026-12-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2025-12 Mortgage Loan Trust                              | CUSIP: 19688UAA0<br>LEI: 213800A53WDNKWGEVL75 | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5021199.00   | 0.08%             | 2071-01-26      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| 37 Capital CLO Ltd             | 37 Capital CLO II                                             | CUSIP: 88429PAU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    700000 | PA      | $700698.90    | 0.01%             | 2034-07-15      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                      | Amgen Inc                                                     | CUSIP: 031162CQ1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14844932.70  | 0.24%             | 2027-11-02      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd           | BlueMountain CLO XXXI Ltd                                     | CUSIP: 09631BAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $10022784.73  | 0.16%             | 2034-04-19      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                | Allegro CLO X Ltd                                             | CUSIP: 01750FAS5<br>LEI: 254900MQVJ2U7KN3HP03 | Long             | ABS-CBDO         | CORP              | KY        |     93536 | PA      | $93747.31     | 0.00%             | 2032-04-20      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC            | Cardinal Health Inc                                           | CUSIP: 14149YBQ0<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |   4460000 | PA      | $4488892.33   | 0.07%             | 2026-11-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust   | Ford Credit Auto Lease Trust 2025-A                           | CUSIP: 345282AD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14000000 | PA      | $14131863.20  | 0.23%             | 2028-06-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD              | Battalion Clo XIV Ltd                                         | CUSIP: 07090ABA0<br>LEI: 549300SBOOCXWC0VGZ76 | Long             | ABS-CBDO         | CORP              | KY        |   4997777 | PA      | $5007271.83   | 0.08%             | 2035-01-20      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                   | Enbridge Inc                                                  | CUSIP: 29250NAL9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $20034673.40  | 0.32%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Trust 2024-1                     | CUSIP: 76088YAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2278554 | PA      | $2286892.89   | 0.04%             | 2032-06-25      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE       | Intercontinental Exchange Inc                                 | CUSIP: 45865VAA8<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8006276.00   | 0.13%             | 2028-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term  | GM Financial Consumer Automobile Receivables Trust 2023-2     | CUSIP: 362583AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1507560 | PA      | $1510216.78   | 0.02%             | 2028-02-16      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit | Bain Capital Credit CLO 2020-1 Ltd                            | CUSIP: 05684DAY9<br>LEI: 2549007DKQFBF2N6NR86 | Long             | ABS-CBDO         | CORP              | KY        |   4447250 | PA      | $4450960.38   | 0.07%             | 2033-04-18      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| HALEON US CAPITAL LLC          | Haleon US Capital LLC                                         | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |  24274000 | PA      | $24124227.96  | 0.39%             | 2027-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | Carmax Auto Owner Trust 2025-2                                | CUSIP: 14320AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4728163 | PA      | $4743389.37   | 0.08%             | 2028-07-17      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                              | CUSIP: 95000U4A8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14988799.20  | 0.24%             | 2029-09-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Obra CLO Ltd                   | Obra CLO 2 Ltd                                                | CUSIP: 674436AA8<br>LEI: 254900MMN4MOZ34WUC71 | Long             | ABS-CBDO         | CORP              | KY        |    220000 | PA      | $220536.59    | 0.00%             | 2038-07-20      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd          | KKR Clo 24 Ltd                                                | CUSIP: 48252RAL8<br>LEI: 549300LGO0WGOG6NE245 | Long             | ABS-CBDO         | CORP              | KY        |     99283 | PA      | $99545.70     | 0.00%             | 2032-04-20      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA         | Goldman Sachs Bank USA/New York NY                            | CUSIP: 38151LAF7<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |  28000000 | PA      | $28043257.48  | 0.45%             | 2027-03-18      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd               | Symphony CLO XXIX Ltd                                         | CUSIP: 87168GAL3<br>LEI: 254900H6EAUOGL2U2U64 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4004480.10   | 0.06%             | 2035-10-15      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership            | LCM 37 Ltd                                                    | CUSIP: 50204JAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    226493 | PA      | $226749.73    | 0.00%             | 2034-04-15      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON        | Bank of New York Mellon/The                                   | CUSIP: 06405LAF8<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10014351.50  | 0.16%             | 2027-04-20      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                | Venture 45 Clo Ltd                                            | CUSIP: 92326GAQ1<br>LEI: 549300ZDR5K71IXJ2M57 | Long             | ABS-CBDO         | CORP              | JE        |    333332 | PA      | $333536.62    | 0.01%             | 2035-07-20      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| CIM Trust                      | CIM Trust 2019-INV2                                           | CUSIP: 12554TAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    418062 | PA      | $401418.68    | 0.01%             | 2049-05-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term  | Gm Financial Consumer Automobile Receivables Trust 2025-3     | CUSIP: 379957AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2299432 | PA      | $2304969.33   | 0.04%             | 2028-06-16      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| Greywolf CLO Ltd               | Greywolf CLO IV Ltd                                           | CUSIP: 39809TAW7<br>LEI: 5493008JNE27URH1VF66 | Long             | ABS-CBDO         | CORP              | KY        |  20000000 | PA      | $20020011.96  | 0.32%             | 2034-04-17      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER 0226          | KEURIG DR PEPPER 0226                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19976645.65  | 0.32%             | 2026-02-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMIN 3.86 05/26       | TORONTO DOMIN 3.86 05/26                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15003090.00  | 0.24%             | 2026-05-15      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-2                               | CUSIP: 46591TBB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2739472 | PA      | $2640708.76   | 0.04%             | 2050-07-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMERI 0226          | PLAINS ALL AMERI 0226                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14995247.99  | 0.24%             | 2026-02-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term  | Gm Financial Consumer Automobile Receivables Trust 2025-3     | CUSIP: 379957AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2299432 | PA      | $2300332.30   | 0.04%             | 2028-06-16      | Floating      | 4.01%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC        | O'Reilly Automotive Inc                                       | CUSIP: 67103HAM9<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |  19779000 | PA      | $20030277.16  | 0.32%             | 2026-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO          | Becton Dickinson & Co                                         | CUSIP: 075887BW8<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24930794.00  | 0.40%             | 2027-06-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP        | Dell International LLC / EMC Corp                             | CUSIP: 24703TAL0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19000000 | PA      | $19272319.21  | 0.31%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                           | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15285561.00  | 0.24%             | 2028-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat | Hyundai Auto Lease Securitization Trust 2024-A                | CUSIP: 448988AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2674881 | PA      | $2679405.07   | 0.04%             | 2027-03-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | Carmax Auto Owner Trust 2025-2                                | CUSIP: 14320AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4724226 | PA      | $4732870.79   | 0.08%             | 2028-07-17      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust   | CD 2016-CD2 Mortgage Trust                                    | CUSIP: 12515ABC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    191024 | PA      | $190134.23    | 0.00%             | 2049-11-10      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Regatta XVI Funding Ltd.       | Regatta XVI Funding Ltd                                       | CUSIP: 75888TAL9<br>LEI: 254900XPJFGKL5R4O429 | Long             | ABS-CBDO         | CORP              | KY        |    873883 | PA      | $873883.33    | 0.01%             | 2033-01-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2020-1                    | CUSIP: 85573AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650509 | PA      | $629588.66    | 0.01%             | 2050-02-25      | Variable      | 2.27%                 | No            |                  2 | On Loan: No      |
| RTX CORP                       | RTX Corp                                                      | CUSIP: 75513ECT6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |  14818000 | PA      | $15007697.52  | 0.24%             | 2026-11-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2025-DNA4                       | CUSIP: 35564UBQ9<br>LEI: 529900ZVQVVVNGMGDO97 | Long             | ABS-MBS          | CORP              | US        |  15975000 | PA      | $15989115.51  | 0.26%             | 2045-10-25      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                   | CUSIP: 68389XCY9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2014252.46   | 0.03%             | 2028-08-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BACARDI-MARTINI 0226           | BACARDI-MARTINI 0226                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  11500000 | PA      | $11500000.00  | 0.18%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Colony American Finance Ltd    | Corevest American Finance 2020-2 Trust                        | CUSIP: 21872VAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    831003 | PA      | $829696.81    | 0.01%             | 2052-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2017-P7                   | CUSIP: 17325HBQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    192575 | PA      | $192046.71    | 0.00%             | 2050-04-14      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137BYLB4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    588404 | PA      | $584023.47    | 0.01%             | 2027-02-25      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | American Express Co                                           | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10151728.40  | 0.16%             | 2029-04-25      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2025-2 Ltd                         | CUSIP: 69704AAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  17833814 | PA      | $17855191.67  | 0.29%             | 2033-07-15      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2024-R05                  | CUSIP: 20754XAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19426354 | PA      | $19455100.68  | 0.31%             | 2044-07-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| BLACKROCK RAINIER CLO LTD      | BlackRock DLF X 2025-C CLO LP                                 | CUSIP: 09264MAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9950000 | PA      | $9937618.29   | 0.16%             | 2033-11-21      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES | Mercedes-Benz Auto Receivables Trust 2022-1                   | CUSIP: 58768PAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1257922 | PA      | $1261150.07   | 0.02%             | 2027-08-16      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL         | Mondelez International Inc                                    | CUSIP: 609207BA2<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |  14955000 | PA      | $14747021.26  | 0.24%             | 2027-03-17      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| CFIP CLO LTD                   | CFIP CLO 2021-1 Ltd                                           | CUSIP: 12529QAC3<br>LEI: 549300NTT3VNL25G1526 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4006580.98   | 0.06%             | 2035-01-20      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                 | CarVal CLO I Ltd                                              | CUSIP: 146865AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2687634 | PA      | $2691731.28   | 0.04%             | 2031-07-16      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac Stacr Remic Trust 2025-Dna3                       | CUSIP: 35564UAQ0<br>LEI: 5299009HC4IGFM6RXF30 | Long             | ABS-MBS          | CORP              | US        |  14875000 | PA      | $14901478.99  | 0.24%             | 2045-09-25      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust         | John Deere Owner Trust 2023-B                                 | CUSIP: 477920AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5354584 | PA      | $5387221.24   | 0.09%             | 2028-03-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD              | Battalion Clo XXI Ltd                                         | CUSIP: 07134WAN3<br>LEI: 549300EOF4JL75TYXX49 | Long             | ABS-CBDO         | CORP              | KY        |   7500000 | PA      | $7511086.97   | 0.12%             | 2034-07-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S | BBCMS MORTGAGE TRUST 2017-C1                                  | CUSIP: 07332VBD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2600000 | PA      | $2576000.70   | 0.04%             | 2050-02-15      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| SWEDBANK FRN 04/26             | SWEDBANK FRN 04/26                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | SE        |  15000000 | PA      | $15000000.00  | 0.24%             | 2026-04-15      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANK FRN 5/26           | LLOYDS BANK FRN 5/26                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |  15000000 | PA      | $15000000.00  | 0.24%             | 2026-05-06      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | American Express Co                                           | CUSIP: 025816DP1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   7222000 | PA      | $7306825.50   | 0.12%             | 2028-02-16      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTL HLDINGS NE       | Mondelez International Holdings Netherlands BV                | CUSIP: 60920LAR5<br>LEI: 549300CW356R8I7N8D33 | Long             | DBT              | CORP              | NL        |  20000000 | PA      | $19657441.20  | 0.31%             | 2026-09-24      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2025-NQM5                     | CUSIP: 10569RAC6<br>LEI: 254900HGOJX787MBR512 | Long             | ABS-MBS          | CORP              | US        |   9337449 | PA      | $9435143.03   | 0.15%             | 2065-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC          | Aon North America Inc                                         | CUSIP: 03740MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25308781.50  | 0.40%             | 2027-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2022-6                 | CUSIP: 802918AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1520668 | PA      | $1523591.48   | 0.02%             | 2028-11-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA         | Goldman Sachs Bank USA/New York NY                            | CUSIP: 38151LAH3<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15018669.90  | 0.24%             | 2027-05-21      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| American Money Management Corp | AMMC CLO 30 Ltd                                               | CUSIP: 03165UAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2400000 | PA      | $2400000.00   | 0.04%             | 2037-01-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP              | Hyatt Hotels Corp                                             | CUSIP: 448579AQ5<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30474060.00  | 0.49%             | 2027-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust 2023-A                         | CUSIP: 448979AD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    328080 | PA      | $328289.66    | 0.01%             | 2027-04-15      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd         | Canyon CLO 2018-1 Ltd                                         | CUSIP: 13877BAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    589172 | PA      | $589986.31    | 0.01%             | 2031-07-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                | Venture 42 CLO Ltd                                            | CUSIP: 923260AC7<br>LEI: 5493005OM8P21GK6YE73 | Long             | ABS-CBDO         | CORP              | KY        |  10665000 | PA      | $10675583.18  | 0.17%             | 2034-04-15      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust    | Volkswagen Auto Lease Trust 2024-A                            | CUSIP: 92866EAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  22822000 | PA      | $22947867.89  | 0.37%             | 2027-06-21      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd               | Symphony CLO XXII Ltd                                         | CUSIP: 87167GCH1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    919578 | PA      | $921759.42    | 0.01%             | 2033-04-18      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| SWEDBANK Variable ra           | SWEDBANK Variable ra                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25000000.00  | 0.40%             | 2026-07-01      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                      | CUSIP: 92840VAX0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10005640.00  | 0.16%             | 2028-10-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust   | CD 2017-CD3 Mortgage Trust                                    | CUSIP: 12515GAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1662457 | PA      | $1655676.92   | 0.03%             | 2050-02-10      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                       | OZLM XV Ltd                                                   | CUSIP: 67111DBG0<br>LEI: 5493008RJIODIVVGSK16 | Long             | ABS-CBDO         | CORP              | KY        |   3231720 | PA      | $3235124.11   | 0.05%             | 2033-04-20      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Lease Trust          | SBNA Auto Lease Trust 2025-A                                  | CUSIP: 78437KAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6490000 | PA      | $6527612.15   | 0.10%             | 2028-04-20      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                             | CUSIP: 3136AT2C7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2796124 | PA      | $2781271.49   | 0.04%             | 2046-10-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd             | THL Credit Wind River 2017-3 Clo Ltd                          | CUSIP: 97316LAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $700698.87    | 0.01%             | 2035-04-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Fannie Mae-Aces                                               | CUSIP: 3136AV7G8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1365148 | PA      | $1352792.94   | 0.02%             | 2027-02-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2025-DNA1                       | CUSIP: 35564NFY4<br>LEI: 529900WZAMS87JCAOC53 | Long             | ABS-MBS          | CORP              | US        |  11662312 | PA      | $11682774.19  | 0.19%             | 2045-01-25      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA         | Morgan Stanley Bank NA                                        | CUSIP: 61690U8A1<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15136219.35  | 0.24%             | 2028-01-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                 | Starbucks Corp                                                | CUSIP: 855244BE8<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   9600000 | PA      | $9601849.06   | 0.15%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust              | T-Mobile US Trust 2024-1                                      | CUSIP: 87267RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  27295000 | PA      | $27478973.76  | 0.44%             | 2029-09-20      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Stellantis Financial Underwrit | Stellantis Financial Underwritten Enhanced Lease Trust 2025-A | CUSIP: 858928AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15832305 | PA      | $15898569.89  | 0.25%             | 2027-07-20      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL 0226          | INTERCONTINENTAL 0226                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19966385.88  | 0.32%             | 2026-02-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust   | Dell Equipment Finance Trust 2024-1                           | CUSIP: 24702GAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4836063 | PA      | $4871131.45   | 0.08%             | 2030-03-22      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD              | Battalion CLO X Ltd                                           | CUSIP: 07132JBL7<br>LEI: 549300RRK5G3IT4Y7N27 | Long             | ABS-CBDO         | CORP              | KY        |   4990887 | PA      | $4997376.22   | 0.08%             | 2035-01-24      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| PACKAGING CORP OF AMERIC       | Packaging Corp of America                                     | CUSIP: 695156AT6<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | DBT              | CORP              | US        |  17388000 | PA      | $17229803.63  | 0.28%             | 2027-12-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD      | Anchorage Capital CLO 6 Ltd                                   | CUSIP: 03328QBU4<br>LEI: 54930064GO7DB3TVDY21 | Long             | ABS-CBDO         | CORP              | KY        |   3714286 | PA      | $3717286.70   | 0.06%             | 2038-07-22      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 29 Ltd             | Elmwood CLO 29 Ltd                                            | CUSIP: 289913AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $150633.25    | 0.00%             | 2037-04-20      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust       | Toyota Lease Owner Trust 2024-A                               | CUSIP: 89238GAE1<br>LEI: 254900MVSB4M6HOIRE71 | Long             | ABS-O            | CORP              | US        |  17045000 | PA      | $17122602.48  | 0.27%             | 2028-06-20      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 64 CLO Ltd                                             | CUSIP: 26251LAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1203621.02   | 0.02%             | 2031-04-18      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                     | MFA 2025-NQM2 Trust                                           | CUSIP: 55287MAA7<br>LEI: 254900SDE8K3K1E63161 | Long             | ABS-MBS          | CORP              | US        |  11338403 | PA      | $11499897.42  | 0.18%             | 2070-05-27      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY       | Canadian Pacific Railway Co                                   | CUSIP: 13645RBE3<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $19654464.00  | 0.31%             | 2026-12-02      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                              | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15303241.80  | 0.24%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK          | Toronto-Dominion Bank/The                                     | CUSIP: 89115A3E0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   5385000 | PA      | $5478395.07   | 0.09%             | 2028-01-31      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | Royal Bank of Canada                                          | CUSIP: 78017DAA6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5098977.20   | 0.08%             | 2029-01-24      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| CENCORA INC                    | Cencora Inc                                                   | CUSIP: 03073EAV7<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15190984.80  | 0.24%             | 2027-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2023-3               | CUSIP: 76089RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10550654 | PA      | $10569860.11  | 0.17%             | 2032-01-26      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Bank of America Auto Trust     | BofA Auto Trust 2025-1                                        | CUSIP: 05594BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2245162 | PA      | $2249206.83   | 0.04%             | 2027-11-22      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust     | LAD Auto Receivables Trust 2025-2                             | CUSIP: 505912AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9020104 | PA      | $9032197.73   | 0.14%             | 2028-07-17      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                | Venture 36 Clo Ltd                                            | CUSIP: 92332LAU3<br>LEI: 549300AZL7IWJJ04HD37 | Long             | ABS-CBDO         | CORP              | KY        |    136286 | PA      | $136422.01    | 0.00%             | 2032-04-20      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                               | CUSIP: 3140J5NR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        79 | PA      | $80.34        | 0.00%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd               | Symphony CLO XXXII Ltd                                        | CUSIP: 87168NAS3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   3970000 | PA      | $3974514.49   | 0.06%             | 2035-10-23      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                | CVS Health Corp                                               | CUSIP: 126650CU2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14945520.75  | 0.24%             | 2026-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC            | Elevance Health Inc                                           | CUSIP: 036752BG7<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30143909.40  | 0.48%             | 2026-10-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                | CUSIP: 61772BAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   9144000 | PA      | $9087030.59   | 0.15%             | 2027-05-04      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137H3KA9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1373166 | PA      | $1368420.74   | 0.02%             | 2026-09-25      | Floating      | 3.96%                 | No            |                  2 | On Loan: No      |
| CAMPBELLS COMPANY/THE          | Campbell's Company/The                                        | CUSIP: 134429BG3<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10013577.60  | 0.16%             | 2028-03-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE       | Plains All American Pipeline LP / PAA Finance Corp            | CUSIP: 72650RBL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19498000 | PA      | $19559958.79  | 0.31%             | 2026-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust 2023-C                         | CUSIP: 44918CAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7227694 | PA      | $7283473.63   | 0.12%             | 2028-10-16      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2019-B9 Mortgage Trust                              | CUSIP: 08160JAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2804459 | PA      | $2798327.34   | 0.04%             | 2052-03-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S | BBCMS Mortgage Trust 2018-C2                                  | CUSIP: 05491UBA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    142471 | PA      | $142674.71    | 0.00%             | 2051-12-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers Clo 43 Ltd                     | CUSIP: 64134AAJ1<br>LEI: 549300N83MM16HCONB28 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000847.92   | 0.02%             | 2036-07-17      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-INV1                            | CUSIP: 46591DBF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1519452 | PA      | $1499259.27   | 0.02%             | 2049-09-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust    | Ally Auto Receivables Trust 2024-1                            | CUSIP: 02008FAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3349313 | PA      | $3373104.67   | 0.05%             | 2028-12-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                   | CUSIP: 38141GD76<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15006478.80  | 0.24%             | 2029-01-21      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | EFMT 2025-NQM6                                                | CUSIP: 281916AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9796304 | PA      | $9843378.89   | 0.16%             | 2070-12-25      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2024-R04                  | CUSIP: 20753GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3315583 | PA      | $3320229.17   | 0.05%             | 2044-05-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust   | Ford Credit Auto Lease Trust 2024-B                           | CUSIP: 345279AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     82735 | PA      | $82780.82     | 0.00%             | 2027-02-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                           | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20206028.20  | 0.32%             | 2028-01-23      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit | Bain Capital Credit CLO 2023-3 Ltd                            | CUSIP: 05682CAJ6<br>LEI: 254900QJNS3TYDIDQH27 | Long             | ABS-CBDO         | CORP              | KY        |    916667 | PA      | $917383.06    | 0.01%             | 2038-10-24      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Bank of America Auto Trust     | BofA Auto Trust 2025-1                                        | CUSIP: 05594BAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1962064 | PA      | $1963481.53   | 0.03%             | 2027-11-22      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC         | Roper Technologies Inc                                        | CUSIP: 776696AK2<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |  12937000 | PA      | $13013138.64  | 0.21%             | 2028-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust           | Verizon Master Trust                                          | CUSIP: 92348KDY6<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |  12510000 | PA      | $12614362.17  | 0.20%             | 2030-03-20      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| CarMax Select Receivables Trus | CarMax Select Receivables Trust 2025-A                        | CUSIP: 14319UAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4822763 | PA      | $4826182.67   | 0.08%             | 2028-05-15      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC            | Elevance Health Inc                                           | CUSIP: 036752BH5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |  17000000 | PA      | $16994970.55  | 0.27%             | 2028-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                     | VMware LLC                                                    | CUSIP: 928563AC9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   7146000 | PA      | $7150827.91   | 0.11%             | 2027-08-21      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2024-4                 | CUSIP: 802919AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8974738 | PA      | $8998095.18   | 0.14%             | 2029-01-16      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BK FRN 3/26       | COMMONWEALTH BK FRN 3/26                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |  25000000 | PA      | $24999747.00  | 0.40%             | 2026-03-05      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| SVENSKA HAND FRN 4/26          | SVENSKA HAND FRN 4/26                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | SE        |  15000000 | PA      | $14999986.62  | 0.24%             | 2026-04-29      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Bridge Street CLO              | Bridge Street CLO II Ltd                                      | CUSIP: 10806JAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250000.00    | 0.00%             | 2034-07-20      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                    | PNC Bank NA                                                   | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20027848.80  | 0.32%             | 2027-05-13      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                  | CUSIP: 902613AS7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  24401000 | PA      | $24479228.87  | 0.39%             | 2027-08-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Kubota Credit Owner Trust      | Kubota Credit Owner Trust 2024-1                              | CUSIP: 50117BAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    233790 | PA      | $233932.21    | 0.00%             | 2027-01-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced S | HOMES 2025-AFC1 Trust                                         | CUSIP: 403969AC2<br>LEI: 2549006ZK3R8WZLA9S73 | Long             | ABS-MBS          | CORP              | US        |   6739267 | PA      | $6826494.46   | 0.11%             | 2060-01-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA/NY          | Banco Santander SA/New York                                   | CUSIP: 05973RGC0<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  25000000 | PA      | $25005837.50  | 0.40%             | 2026-05-06      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                             | CUSIP: 3136BWAA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  16630979 | PA      | $16494936.17  | 0.26%             | 2036-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC              | Kinder Morgan Inc                                             | CUSIP: 49456BAU5<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |  33389000 | PA      | $32836288.84  | 0.52%             | 2026-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust   | Ford Credit Auto Owner Trust 2024-A                           | CUSIP: 34535EAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8771255 | PA      | $8851124.14   | 0.14%             | 2028-12-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| CIM Trust                      | CIM Trust 2019-INV1                                           | CUSIP: 12555DAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    523812 | PA      | $509842.91    | 0.01%             | 2049-02-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2013-2 Ltd                                           | CUSIP: 92916WAA7<br>LEI: 5493007ASGBOUR3XJY69 | Long             | ABS-CBDO         | CORP              | KY        |      5487 | PA      | $5492.90      | 0.00%             | 2031-04-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO Ltd            | 522 Funding CLO 2017-1 A Ltd                                  | CUSIP: 33836JAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2003996.15   | 0.03%             | 2034-10-20      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Dewolf Park clo, ltd           | Dewolf Park CLO Ltd                                           | CUSIP: 25211AAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     35068 | PA      | $35068.06     | 0.00%             | 2030-10-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                      | Amgen Inc                                                     | CUSIP: 031162CJ7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |  13096000 | PA      | $13007702.45  | 0.21%             | 2026-08-19      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC               | Crown Castle Inc                                              | CUSIP: 22822VAC5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $29954346.60  | 0.48%             | 2026-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust         | John Deere Owner Trust 2024-C                                 | CUSIP: 477911AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4947319 | PA      | $4949663.94   | 0.08%             | 2027-08-16      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2025-3                 | CUSIP: 80288JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6194751 | PA      | $6212278.18   | 0.10%             | 2028-10-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd               | Symphony CLO XIX Ltd                                          | CUSIP: 87165YAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    160895 | PA      | $161056.25    | 0.00%             | 2031-04-16      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd         | Rockford Tower CLO 2018-1 Ltd                                 | CUSIP: 77342JAA1<br>LEI: 549300KPFGDIQ0PMP224 | Long             | ABS-CBDO         | CORP              | KY        |    129103 | PA      | $129215.79    | 0.00%             | 2031-05-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                   | Stryker Corp                                                  | CUSIP: 863667AN1<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19990995.40  | 0.32%             | 2026-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC        | AEP Transmission Co LLC                                       | CUSIP: 00115AAE9<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |  13223000 | PA      | $13149563.03  | 0.21%             | 2026-12-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO               | Georgia Power Co                                              | CUSIP: 373334KZ3<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   8745000 | PA      | $8747464.08   | 0.14%             | 2026-09-15      | Floating      | 3.97%                 | No            |                  2 | On Loan: No      |
| NATIONALAUSTRFRN3/26           | NATIONALAUSTRFRN3/26                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |  25000000 | PA      | $25000000.00  | 0.40%             | 2026-03-05      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC Funding 2022-III Ltd                                     | CUSIP: 12571KAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    850000 | PA      | $851717.46    | 0.01%             | 2035-04-21      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK INC           | Fifth Third Bank NA                                           | CUSIP: 31677QBU2<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |  24077000 | PA      | $24289668.77  | 0.39%             | 2028-01-28      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 44 | Octagon Investment Partners 44 Ltd                            | CUSIP: 67577LAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  25000000 | PA      | $25049217.00  | 0.40%             | 2034-10-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMERI 0226          | PLAINS ALL AMERI 0226                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19983055.91  | 0.32%             | 2026-02-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC            | Global Payments Inc                                           | CUSIP: 37940XAV4<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20093622.80  | 0.32%             | 2028-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2021-NQM1                     | CUSIP: 10569TAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2883727 | PA      | $2674861.68   | 0.04%             | 2049-02-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2017-C41                | CUSIP: 95001ABB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     76984 | PA      | $76543.41     | 0.00%             | 2050-11-15      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES         | PNC Financial Services Group Inc/The                          | CUSIP: 693475CG8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   6176000 | PA      | $6186155.32   | 0.10%             | 2029-01-26      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE       | Caterpillar Financial Services Corp                           | CUSIP: 14913UBG4<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25032805.75  | 0.40%             | 2028-01-10      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Gallatin Loan Management, LLC  | Gallatin CLO VIII 2017-1 Ltd                                  | CUSIP: 36361UAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    139351 | PA      | $139553.19    | 0.00%             | 2031-07-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd               | Trinitas CLO XV Ltd                                           | CUSIP: 89641XAN5<br>LEI: 254900ZVDNHQAUJNHH42 | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $10013351.21  | 0.16%             | 2034-04-22      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES         | PNC Financial Services Group Inc/The                          | CUSIP: 693475CH6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15026743.65  | 0.24%             | 2029-01-26      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat | Hyundai Auto Lease Securitization Trust 2024-B                | CUSIP: 44934FAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11451203 | PA      | $11504631.81  | 0.18%             | 2027-05-17      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO G & E                | SAN DIEGO GAS & 0226                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19991527.95  | 0.32%             | 2026-02-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2026-1                    | CUSIP: 30168HAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5002377.50   | 0.08%             | 2028-09-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Exeter Select Automobile Recei | Exeter Select Automobile Receivables Trust 2025-3             | CUSIP: 30185FAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15020000 | PA      | $15039261.65  | 0.24%             | 2029-05-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                   | Enbridge Inc                                                  | CUSIP: 29250NBW4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |  15000000 | PA      | $15213685.95  | 0.24%             | 2026-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| WILLIS NORTH AMERICA INC       | Willis North America Inc                                      | CUSIP: 970648AL5<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |  30975000 | PA      | $31224973.21  | 0.50%             | 2027-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                       | CUSIP: 404119CH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5943255.12   | 0.09%             | 2027-03-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC               | Crown Castle Inc                                              | CUSIP: 22822VAB7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |  35000000 | PA      | $34998841.50  | 0.56%             | 2026-02-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                  | Amphenol Corp                                                 | CUSIP: 032095AX9<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14999383.05  | 0.24%             | 2028-11-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA         | Morgan Stanley Bank NA                                        | CUSIP: 61690U8E3<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4052920.92   | 0.06%             | 2028-07-14      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Series 2025-R01                 | CUSIP: 20755JAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4984670 | PA      | $4989995.64   | 0.08%             | 2045-01-25      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                | Oaktree CLO 2024-26 Ltd                                       | CUSIP: 67403CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    750000 | PA      | $753182.51    | 0.01%             | 2037-04-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2019-AFC1 Trust                                          | CUSIP: 12596XAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2526837 | PA      | $2452585.46   | 0.04%             | 2049-07-25      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC       | Constellation Brands Inc                                      | CUSIP: 21036PBK3<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15062009.55  | 0.24%             | 2027-05-09      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRAL 1026 FRN      | NATIONAL AUSTRAL 1026 FRN                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |  20000000 | PA      | $20000000.00  | 0.32%             | 2026-10-06      | Floating      | 3.91%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES | Mercedes-Benz Auto Receivables Trust 2024-1                   | CUSIP: 587918AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  19646954 | PA      | $19787984.11  | 0.32%             | 2029-04-16      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                            | CUSIP: 3137H8P70<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  26850461 | PA      | $26722617.99  | 0.43%             | 2052-08-25      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL               | Bank of Montreal                                              | CUSIP: 06376JHC8<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  25000000 | PA      | $25035378.50  | 0.40%             | 2028-01-13      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                    | Truist Bank                                                   | CUSIP: 89788JAE9<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |  19675000 | PA      | $19708268.65  | 0.31%             | 2027-05-20      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Porsche Financial Auto Securit | Porsche Financial Auto Securitization Trust 2023-1            | CUSIP: 73328QAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1322452 | PA      | $1326915.33   | 0.02%             | 2028-09-22      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Citizens Auto Receivables Trus | Citizens Auto Receivables Trust 2024-2                        | CUSIP: 17331XAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8029180 | PA      | $8081337.19   | 0.13%             | 2028-08-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| VIRGINIA POWER FUEL SEC        | Virginia Power Fuel Securitization LLC                        | CUSIP: 92808VAA0<br>LEI: 254900BELJ95ONW6U791 | Long             | DBT              | CORP              | US        |  10822017 | PA      | $10888768.69  | 0.17%             | 2027-05-01      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Fannie Mae-Aces                                               | CUSIP: 3136ATYT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1036233 | PA      | $1030226.63   | 0.02%             | 2026-06-25      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO Ltd            | 522 Funding CLO 2020-6 Ltd                                    | CUSIP: 33835AAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250282.56    | 0.00%             | 2034-10-23      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK          | Toronto-Dominion Bank/The                                     | CUSIP: 89115KAL4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $20032992.20  | 0.32%             | 2028-01-13      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK         | Canadian Imperial Bank of Commerce                            | CUSIP: 13607QFD9<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $20076444.40  | 0.32%             | 2028-09-08      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                 | Pikes Peak Clo 2                                              | CUSIP: 72133JAY3<br>LEI: 2549000551VJRWC86112 | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $350395.97    | 0.01%             | 2034-10-11      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                   | AGL Core CLO 36 Ltd                                           | CUSIP: 00121WAA1<br>LEI: 2549000U240BORO02Z85 | Long             | ABS-CBDO         | CORP              | KY        |    187500 | PA      | $187683.87    | 0.00%             | 2038-01-23      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| SPECTRA ENERGY PARTNERS        | Spectra Energy Partners LP                                    | CUSIP: 84756NAH2<br>LEI: 2HKVXE7U4NF5B6UGSU72 | Long             | DBT              | CORP              | US        |  21820000 | PA      | $21738902.70  | 0.35%             | 2026-10-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CarMax Select Receivables Trus | CarMax Select Receivables Trust 2025-A                        | CUSIP: 14319UAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2411382 | PA      | $2417024.54   | 0.04%             | 2028-05-15      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                              | CUSIP: 91282CMY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  62691000 | PA      | $62857522.97  | 1.00%             | 2027-04-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                                                      | CUSIP: 00206RJX1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |  10826000 | PA      | $10607971.18  | 0.17%             | 2027-06-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL               | Bank of Montreal                                              | CUSIP: 06368MXU3<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  15000000 | PA      | $15026956.20  | 0.24%             | 2028-09-22      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| FISERV INC                     | Fiserv Inc                                                    | CUSIP: 337738BD9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5125576.00   | 0.08%             | 2028-03-02      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP              | State Street Corp                                             | CUSIP: 857477DA8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8066546.40   | 0.13%             | 2028-04-24      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP         | Bank of New York Mellon Corp/The                              | CUSIP: 06406RCG0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6994593.55   | 0.11%             | 2030-01-22      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2016-1 Ltd                                           | CUSIP: 92915CAQ7<br>LEI: 549300BRUAMTEA33B077 | Long             | ABS-CBDO         | CORP              | KY        |     16004 | PA      | $16020.62     | 0.00%             | 2031-01-20      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                   | CUSIP: 38141GD27<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6997093.81   | 0.11%             | 2029-10-21      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| MAN GLG US CLO 2021-1 Ltd      | MAN GLG US CLO 2021-1 LTD                                     | CUSIP: 56166WAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1502489.22   | 0.02%             | 2034-07-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC       | Agilent Technologies Inc                                      | CUSIP: 00846UAK7<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |  12352000 | PA      | $12286237.83  | 0.20%             | 2026-09-22      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding XXXIII Ltd                               | CUSIP: 55819JAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    219072 | PA      | $219580.71    | 0.00%             | 2032-10-15      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2025-DNA2                       | CUSIP: 35564NHY2<br>LEI: 529900XX8WXEM4FBIH80 | Long             | ABS-MBS          | CORP              | US        |   7350000 | PA      | $7370103.72   | 0.12%             | 2045-05-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 34 | Octagon Investment Partners 34 Ltd                            | CUSIP: 675922AE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    393577 | PA      | $394302.52    | 0.01%             | 2030-01-20      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-7                           | CUSIP: 69545RAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15868107 | PA      | $15871848.56  | 0.25%             | 2026-11-16      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr | World Omni Auto Receivables Trust 2024-C                      | CUSIP: 98164NAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    369811 | PA      | $370177.76    | 0.01%             | 2028-01-18      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2017-C40                | CUSIP: 95000YAW5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1751791 | PA      | $1742897.69   | 0.03%             | 2050-10-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term  | GM Financial Consumer Automobile Receivables Trust 2024-4     | CUSIP: 38014AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4557795 | PA      | $4558905.73   | 0.07%             | 2027-10-18      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd           | BlueMountain CLO 2016-3 Ltd                                   | CUSIP: 09628VAW4<br>LEI: 549300EYIDIF4X8MHI21 | Long             | ABS-CBDO         | CORP              | KY        |   4023241 | PA      | $4027995.44   | 0.06%             | 2030-11-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                              | CUSIP: 949746SH5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9941538.50   | 0.16%             | 2026-10-23      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CAMPBELLS COMPANY/THE          | Campbell's Company/The                                        | CUSIP: 134429BM0<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25321842.50  | 0.40%             | 2027-03-19      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Gold Pool                                         | CUSIP: 3128MEXB2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         3 | PA      | $3.12         | 0.00%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                  | Amphenol Corp                                                 | CUSIP: 032095AV3<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5013538.95   | 0.08%             | 2027-11-15      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| RCKT Trust                     | RCKT Trust 2025-PL1                                           | CUSIP: 74939RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1754885 | PA      | $1759567.24   | 0.03%             | 2034-07-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA         | Morgan Stanley Bank NA                                        | CUSIP: 61690U8G8<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15057326.85  | 0.24%             | 2027-10-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                 | ICG US CLO 2015-2R Ltd                                        | CUSIP: 44933WAL3<br>LEI: 25490037AMBNS8P47972 | Long             | ABS-CBDO         | CORP              | KY        |    991678 | PA      | $992568.96    | 0.02%             | 2033-01-16      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Black Diamond CLO Ltd          | Black Diamond CLO 2024-1 Ltd                                  | CUSIP: 09204UAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    100000 | PA      | $100497.18    | 0.00%             | 2037-10-25      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                  | Amphenol Corp                                                 | CUSIP: 032095AW1<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   8706000 | PA      | $8703996.75   | 0.14%             | 2027-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                | CUSIP: 61748UAR3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15030449.85  | 0.24%             | 2030-01-09      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust        | Nissan Auto Lease Trust 2024-A                                | CUSIP: 65481CAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17545142 | PA      | $17583123.82  | 0.28%             | 2027-04-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| MID-ATLANTIC INTERSTATE        | Mid-Atlantic Interstate Transmission LLC                      | CUSIP: 59524QAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4206000 | PA      | $4213761.42   | 0.07%             | 2028-05-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 54 | Octagon 54 Ltd                                                | CUSIP: 67577FAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10300000 | PA      | $10313093.31  | 0.16%             | 2034-07-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                           | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  14631000 | PA      | $14628656.41  | 0.23%             | 2027-02-04      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2025-R02                  | CUSIP: 20754TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15476734 | PA      | $15497340.00  | 0.25%             | 2045-02-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| USB Auto Owner Trust           | USB Auto Owner Trust 2025-1                                   | CUSIP: 90367VAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10798493 | PA      | $10820781.29  | 0.17%             | 2028-06-15      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                    | Truist Bank                                                   | CUSIP: 89788JAH2<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9995536.80   | 0.16%             | 2029-10-23      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKI FRN 03/26      | AUST & NZ BANKI FRN 03/26                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |  25000000 | PA      | $25000000.00  | 0.40%             | 2026-03-11      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| PAYPAL HOLDINGS INC            | PayPal Holdings Inc                                           | CUSIP: 70450YAR4<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |  22098000 | PA      | $22171535.29  | 0.35%             | 2028-03-06      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| TR FINANCE LLC                 | TR Finance LLC                                                | CUSIP: 87268LAA5<br>LEI: 254900OWSTRTOV8P5W25 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $29931241.20  | 0.48%             | 2026-05-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33   | CUSIP: 61767CAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    129023 | PA      | $128545.52    | 0.00%             | 2050-05-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ING (US) FUNDING FRN 6/26      | ING (US) FUNDING FRN 6/26                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |  25000000 | PA      | $25000000.00  | 0.40%             | 2026-06-12      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS         | Zimmer Biomet Holdings Inc                                    | CUSIP: 98956PBA9<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |  23726000 | PA      | $23925997.84  | 0.38%             | 2027-02-19      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | Carlyle Global Market Strategies CLO 2015-1 Ltd               | CUSIP: 14311DBN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     31724 | PA      | $31768.35     | 0.00%             | 2031-07-20      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2026-1                    | CUSIP: 30168HAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4649000 | PA      | $4657560.20   | 0.07%             | 2030-03-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| Steele Creek CLO Ltd           | Steele Creek Clo 2018-1 Ltd                                   | CUSIP: 85815CAC3<br>LEI: 5493003MADGN3MR3LO39 | Long             | ABS-CBDO         | CORP              | KY        |    419913 | PA      | $421012.87    | 0.01%             | 2031-04-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust           | Verizon Master Trust                                          | CUSIP: 92348KDZ3<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |  12500000 | PA      | $12529807.50  | 0.20%             | 2030-03-20      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| Southwick Park CLO, Ltd.       | Southwick Park CLO LLC                                        | CUSIP: 846031AU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8446005 | PA      | $8471172.75   | 0.14%             | 2032-07-20      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Space Coast Credit Union       | SCCU Auto Receivables Trust 2025-1                            | CUSIP: 80620BAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6685398 | PA      | $6705850.21   | 0.11%             | 2028-11-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137FEZT0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3830631 | PA      | $3820200.84   | 0.06%             | 2027-12-25      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES         | PNC Financial Services Group Inc/The                          | CUSIP: 693475BY0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10054128.70  | 0.16%             | 2027-07-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                              | CUSIP: 87264ABU8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |  26114000 | PA      | $26045143.65  | 0.42%             | 2026-04-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 40 Senior Loan Fund                                    | CUSIP: 26244GAS4<br>LEI: 549300BH0PFEW6WVTN52 | Long             | ABS-CBDO         | CORP              | KY        |    168139 | PA      | $168303.12    | 0.00%             | 2031-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC               | Berry Global Inc                                              | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25014446.00  | 0.40%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WORKDAY INC                    | Workday Inc                                                   | CUSIP: 98138HAG6<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $29845593.00  | 0.48%             | 2027-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP         | Bank of New York Mellon Corp/The                              | CUSIP: 06406RCK1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9999298.80   | 0.16%             | 2030-01-22      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO I, Ltd.        | HalseyPoint CLO 4 Ltd                                         | CUSIP: 40637LAA8<br>LEI: 549300CMJUK1VCINNF57 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300423.02    | 0.00%             | 2034-04-20      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | American Express Co                                           | CUSIP: 025816DT3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  16000000 | PA      | $16058871.84  | 0.26%             | 2027-04-23      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO G & E                | San Diego Gas & Electric Co                                   | CUSIP: 797440BU7<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |   5318000 | PA      | $5297870.25   | 0.08%             | 2026-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2025-R03                  | CUSIP: 20754VAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10570618 | PA      | $10634650.94  | 0.17%             | 2045-03-25      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO               | Georgia Power Co                                              | CUSIP: 373334LC3<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15051558.90  | 0.24%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sculptor CLO Ltd               | Sculptor CLO XXVII Ltd                                        | CUSIP: 81124UAW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 0.01%             | 2034-07-20      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| Greywolf CLO Ltd               | GREYWOLF CLO VII Ltd                                          | CUSIP: 39809AAA6<br>LEI: 5493005EEKUYF0Q6Z361 | Long             | ABS-CBDO         | CORP              | KY        |      1472 | PA      | $1472.58      | 0.00%             | 2031-10-20      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                   | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15164272.05  | 0.24%             | 2028-04-23      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat | Hyundai Auto Lease Securitization Trust 2024-C                | CUSIP: 448984AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4019284 | PA      | $4028040.82   | 0.06%             | 2027-03-15      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| Cent CLO LP                    | Columbia Cent CLO 33 Ltd                                      | CUSIP: 19737PAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $100459.69    | 0.00%             | 2037-04-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2018-1 Ltd                                           | CUSIP: 92917AAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    104239 | PA      | $104346.67    | 0.00%             | 2031-04-19      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD       | Alimentation Couche-Tard Inc                                  | CUSIP: 01626PAW6<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |  15000000 | PA      | $15021382.95  | 0.24%             | 2028-09-29      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK         | Canadian Imperial Bank of Commerce                            | CUSIP: 13607PHT4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  12000000 | PA      | $12038500.08  | 0.19%             | 2027-09-11      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd          | KKR Clo 25 Ltd                                                | CUSIP: 48252UAU1<br>LEI: 549300MJB0YZ0QTQNZ45 | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $600355.75    | 0.01%             | 2034-07-15      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| OFSI Fund LTD                  | OFSI BSL X Ltd                                                | CUSIP: 67115PAW5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $150299.29    | 0.00%             | 2034-04-20      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr | World Omni Auto Receivables Trust 2023-A                      | CUSIP: 98164JAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2253135 | PA      | $2258482.16   | 0.04%             | 2028-05-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2025-2                    | CUSIP: 30168JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1884429 | PA      | $1885183.10   | 0.03%             | 2027-06-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 60 CLO Ltd                                             | CUSIP: 26251NAB6<br>LEI: 549300KI3ILQQHC87U86 | Long             | ABS-CBDO         | CORP              | KY        |    148420 | PA      | $148640.38    | 0.00%             | 2031-07-15      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137FCLC6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6861916 | PA      | $6813488.34   | 0.11%             | 2027-10-25      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC Funding 2017-IV Ltd                                      | CUSIP: 12551JAL0<br>LEI: 254900JEH56UBUEZJW15 | Long             | ABS-CBDO         | CORP              | KY        |    144578 | PA      | $144578.15    | 0.00%             | 2030-10-24      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-25

**Name of Applicant:** First Trust Exchange-Traded Fund IV

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

**Title:** Treasurer, Chief Financial Officer and Chief Accounting Officer