# EDGAR Filing Document

**Accession Number:** 0001517936
**File Stem:** 0000940400-25-002886
**Filing Date:** 2025-9
**Character Count:** 323248
**Document Hash:** 404a65527cab1ee918d464f348dfd868
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-002886.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000940400-25-002886

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**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:** 251349002

**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**

**July 31, 2025 (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 — 42.1%** | **CORPORATE BONDS AND NOTES — 42.1%** | **CORPORATE BONDS AND NOTES — 42.1%** | **CORPORATE BONDS AND NOTES — 42.1%** | **CORPORATE BONDS AND NOTES — 42.1%** |
|  | **Aerospace/Defense — 0.9%** | **Aerospace/Defense — 0.9%** | **Aerospace/Defense — 0.9%** |  |
| $21049000 | BAE Systems Holdings, Inc. (a) | 3.85% | 12/15/25 | $20985233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 26750000 | Howmet Aerospace, Inc. | 5.90% | 02/01/27 | 27307631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Northrop Grumman Corp. | 3.20% | 02/01/27 | 4914402 |
|  |  |  |  | 53207266 |
|  | **Auto Manufacturers — 0.8%** | **Auto Manufacturers — 0.8%** | **Auto Manufacturers — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 16022000 | American Honda Finance Corp., SOFR + 0.71% (b) | 5.05% | 01/09/26 | 16051530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Toyota Motor Credit Corp., SOFR Compounded Index + 0.45% (b) | 4.79% | 04/10/26 | 15016397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Toyota Motor Credit Corp., SOFR + 0.47% (b) | 4.82% | 01/08/27 | 15000007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Volkswagen Group of America Finance LLC (a) | 5.80% | 09/12/25 | 5005212 |
|  |  |  |  | 51073146 |
|  | **Banks — 7.7%** | **Banks — 7.7%** | **Banks — 7.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Bank of America Corp. (c) | 5.08% | 01/20/27 | 20060898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20530000 | Bank of America Corp. (c) | 3.56% | 04/23/27 | 20373419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | Bank of America Corp. (c) | 4.98% | 01/24/29 | 7087977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Bank of America Corp. (c) | 4.62% | 05/09/29 | 10044048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Bank of New York Mellon (The) (c) | 4.59% | 04/20/27 | 10013621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Bank of New York Mellon (The) (c) | 4.73% | 04/20/29 | 2021533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 28833000 | Bank of New York Mellon (The) Corp. (c) | 4.95% | 04/26/27 | 28925167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9375000 | Citibank N.A. | 4.58% | 05/29/27 | 9404273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Citibank N.A., SOFR + 0.78% (b) | 5.13% | 05/29/27 | 10048374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Citigroup, Inc. (c) | 4.64% | 05/07/28 | 10012357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400000 | Fifth Third Bank N.A. (c) | 4.97% | 01/28/28 | 2415201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 28000000 | Goldman Sachs Bank USA (c) | 5.28% | 03/18/27 | 28104687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Goldman Sachs Bank USA, SOFR + 0.75% (b) | 5.09% | 05/21/27 | 15041982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Goldman Sachs Group (The), Inc. (c) | 5.80% | 08/10/26 | 10002015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Goldman Sachs Group (The), Inc. (c) | 4.94% | 04/23/28 | 15094232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15687000 | Huntington National Bank (The) (c) | 4.87% | 04/12/28 | 15772625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14631000 | JPMorgan Chase & Co. (c) | 1.04% | 02/04/27 | 14373986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | JPMorgan Chase & Co. (c) | 5.04% | 01/23/28 | 20161372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | JPMorgan Chase & Co. (c) | 5.57% | 04/22/28 | 15269132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7500000 | JPMorgan Chase & Co. (c) | 4.92% | 01/24/29 | 7582789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9144000 | Morgan Stanley (c) | 1.59% | 05/04/27 | 8938814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Morgan Stanley (c) | 5.65% | 04/13/28 | 10189590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Morgan Stanley Bank N.A. (c) | 4.95% | 01/14/28 | 15090813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Morgan Stanley Bank N.A. (c) | 4.97% | 07/14/28 | 4041124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6667000 | Morgan Stanley Bank N.A. (c) | 5.02% | 01/12/29 | 6750853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25435000 | PNC Bank N.A. (c) | 4.78% | 01/15/27 | 25447732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | PNC Bank N.A. (c) | 4.54% | 05/13/27 | 19978167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | PNC Financial Services Group (The), Inc. (c) | 5.10% | 07/23/27 | 10043412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8000000 | PNC Financial Services Group (The), Inc. (c) | 5.30% | 01/21/28 | 8094985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5497000 | Santander Holdings USA, Inc. (c) | 2.49% | 01/06/28 | 5328179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | State Street Corp., SOFR + 0.64% (b) | 4.98% | 10/22/27 | 20037894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8000000 | State Street Corp. (c) | 4.54% | 04/24/28 | 8026006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15900000 | Truist Bank (c) | 4.67% | 05/20/27 | 15901142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | US Bancorp (c) | 2.22% | 01/27/28 | 9665514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | US Bank N.A. (c) | 4.73% | 05/15/28 | 10045738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Wells Fargo & Co. (c) | 5.71% | 04/22/28 | 15296375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Wells Fargo & Co., Series W (c) | 4.90% | 01/24/28 | 15081693 |
|  |  |  |  | 479767719 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |
|  | **Beverages — 1.6%** | **Beverages — 1.6%** | **Beverages — 1.6%** |  |
| $27145000 | Constellation Brands, Inc. | 4.40% | 11/15/25 | $27117820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11716000 | Constellation Brands, Inc. | 4.35% | 05/09/27 | 11683822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 19529000 | Keurig Dr Pepper, Inc. | 2.55% | 09/15/26 | 19136594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Keurig Dr Pepper, Inc., SOFR + 0.58% (b) | 4.92% | 11/15/26 | 10025566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Keurig Dr Pepper, Inc. | 4.35% | 05/15/28 | 4992991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 29881000 | Molson Coors Beverage Co. | 3.00% | 07/15/26 | 29443290 |
|  |  |  |  | 102400083 |
|  | **Biotechnology — 0.3%** | **Biotechnology — 0.3%** | **Biotechnology — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | Amgen, Inc. | 5.51% | 03/02/26 | 7000055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Amgen, Inc. | 3.20% | 11/02/27 | 14621625 |
|  |  |  |  | 21621680 |
|  | **Building Materials — 1.1%** | **Building Materials — 1.1%** | **Building Materials — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Amrize Finance US LLC (a) | 4.60% | 04/07/27 | 15010163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9999000 | Amrize Finance US LLC (a) | 4.70% | 04/07/28 | 10052362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 17613000 | CRH America Finance, Inc. (a) | 3.40% | 05/09/27 | 17282156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8611000 | Martin Marietta Materials, Inc. | 3.45% | 06/01/27 | 8447293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Vulcan Materials Co. | 3.90% | 04/01/27 | 14896400 |
|  |  |  |  | 65688374 |
|  | **Commercial Services — 1.2%** | **Commercial Services — 1.2%** | **Commercial Services — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Ashtead Capital, Inc. (a) | 4.38% | 08/15/27 | 24818955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5010000 | Global Payments, Inc. | 4.80% | 04/01/26 | 5010553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | PayPal Holdings, Inc., SOFR + 0.67% (b) | 5.02% | 03/06/28 | 15070356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | TR Finance LLC | 3.35% | 05/15/26 | 29648904 |
|  |  |  |  | 74548768 |
|  | **Computers — 0.2%** | **Computers — 0.2%** | **Computers — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12000000 | Dell International LLC / EMC Corp. | 4.75% | 04/01/28 | 12098775 |
|  | **Cosmetics/Personal Care — 0.3%** | **Cosmetics/Personal Care — 0.3%** | **Cosmetics/Personal Care — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20252000 | Haleon US Capital LLC | 3.38% | 03/24/27 | 19919643 |
|  | **Diversified Financial Services — 1.3%** | **Diversified Financial Services — 1.3%** | **Diversified Financial Services — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6956000 | American Express Co. (c) | 6.34% | 10/30/26 | 6983757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 16000000 | American Express Co. (c) | 5.65% | 04/23/27 | 16118966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7222000 | American Express Co. (c) | 5.10% | 02/16/28 | 7289619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | American Express Co. (c) | 4.73% | 04/25/29 | 10089432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5375000 | Intercontinental Exchange, Inc. | 3.10% | 09/15/27 | 5242109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 32259000 | Nasdaq, Inc. | 3.85% | 06/30/26 | 32074750 |
|  |  |  |  | 77798633 |
|  | **Electric — 0.7%** | **Electric — 0.7%** | **Electric — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4275000 | AEP Transmission Co. LLC | 3.10% | 12/01/26 | 4208299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8745000 | Georgia Power Co., SOFR Compounded Index + 0.28% (b) | 4.63% | 09/15/26 | 8745555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3765000 | Jersey Central Power & Light Co. (a) | 4.30% | 01/15/26 | 3755681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15044498 | Virginia Power Fuel Securitization LLC, Series A-1 | 5.09% | 05/01/27 | 15104068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11892000 | WEC Energy Group, Inc. | 5.00% | 09/27/25 | 11895896 |
|  |  |  |  | 43709499 |
|  | **Electrical Components & Equipments — 0.1%** | **Electrical Components & Equipments — 0.1%** | **Electrical Components & Equipments — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6846000 | Molex Electronic Technologies LLC (a) | 4.75% | 04/30/28 | 6854541 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |
|  | **Environmental Control — 0.8%** | **Environmental Control — 0.8%** | **Environmental Control — 0.8%** |  |
| $17296000 | Republic Services, Inc. | 0.88% | 11/15/25 | $17112852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | Veralto Corp. | 5.50% | 09/18/26 | 30270922 |
|  |  |  |  | 47383774 |
|  | **Food — 4.1%** | **Food — 4.1%** | **Food — 4.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Campbell's (The) Co. | 5.20% | 03/19/27 | 25277888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Conagra Brands, Inc. | 4.60% | 11/01/25 | 24972050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25567000 | Conagra Brands, Inc. | 5.30% | 10/01/26 | 25741522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13232000 | General Mills, Inc. | 3.20% | 02/10/27 | 13005130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Kraft Heinz Foods Co. | 3.00% | 06/01/26 | 24677591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Kraft Heinz Foods Co. | 3.88% | 05/15/27 | 19764129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Mars, Inc. (a) | 4.45% | 03/01/27 | 15026060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Mars, Inc. (a) | 4.60% | 03/01/28 | 10057814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | McCormick & Co., Inc. | 3.40% | 08/15/27 | 24537296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14955000 | Mondelez International, Inc. | 2.63% | 03/17/27 | 14541280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25296000 | Sysco Corp. | 3.75% | 10/01/25 | 25253984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20953000 | Sysco Corp. | 3.30% | 07/15/26 | 20718756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Sysco Corp. | 3.25% | 07/15/27 | 14690386 |
|  |  |  |  | 258263886 |
|  | **Healthcare-Products — 2.7%** | **Healthcare-Products — 2.7%** | **Healthcare-Products — 2.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5400000 | Alcon Finance Corp. (a) | 2.75% | 09/23/26 | 5284721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | GE HealthCare Technologies, Inc. | 5.60% | 11/15/25 | 30054276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | GE HealthCare Technologies, Inc. | 5.65% | 11/15/27 | 25637578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Solventum Corp. | 5.45% | 02/25/27 | 25395241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14074000 | Stryker Corp. | 3.38% | 11/01/25 | 14030292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Stryker Corp. | 3.50% | 03/15/26 | 19872116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 19647000 | Stryker Corp. | 4.55% | 02/10/27 | 19714035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2579000 | Zimmer Biomet Holdings, Inc. | 3.05% | 01/15/26 | 2560996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 22284000 | Zimmer Biomet Holdings, Inc. | 4.70% | 02/19/27 | 22374755 |
|  |  |  |  | 164924010 |
|  | **Healthcare-Services — 2.4%** | **Healthcare-Services — 2.4%** | **Healthcare-Services — 2.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 29466000 | Cigna Group (The) | 4.50% | 02/25/26 | 29445305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 17478000 | Cigna Group (The) | 3.40% | 03/01/27 | 17208578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Elevance Health, Inc. | 5.35% | 10/15/25 | 10007119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 16667000 | Elevance Health, Inc. | 4.90% | 02/08/26 | 16667748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14166000 | Elevance Health, Inc. | 4.50% | 10/30/26 | 14180303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25466000 | HCA, Inc. | 5.88% | 02/15/26 | 25485561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | HCA, Inc. | 5.38% | 09/01/26 | 20086077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | HCA, Inc. | 3.13% | 03/15/27 | 5867719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8000000 | HCA, Inc. | 5.00% | 03/01/28 | 8089896 |
|  |  |  |  | 147038306 |
|  | **Insurance — 1.2%** | **Insurance — 1.2%** | **Insurance — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Aon North America, Inc. | 5.13% | 03/01/27 | 25248568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 23000000 | Arthur J. Gallagher & Co. | 4.60% | 12/15/27 | 23088688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Brown & Brown, Inc. | 4.60% | 12/23/26 | 2004138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Brown & Brown, Inc. | 4.70% | 06/23/28 | 4013963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9485000 | Marsh & McLennan Cos., Inc. | 4.55% | 11/08/27 | 9544481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Willis North America, Inc. | 4.65% | 06/15/27 | 10051363 |
|  |  |  |  | 73951201 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |
|  | **Internet — 0.1%** | **Internet — 0.1%** | **Internet — 0.1%** |  |
| $5000000 | Expedia Group, Inc. | 5.00% | 02/15/26 | $5002067 |
|  | **Lodging — 0.3%** | **Lodging — 0.3%** | **Lodging — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20133000 | Hyatt Hotels Corp. | 4.85% | 03/15/26 | 20139462 |
|  | **Machinery-Diversified — 0.2%** | **Machinery-Diversified — 0.2%** | **Machinery-Diversified — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | John Deere Capital Corp., SOFR + 0.50% (b) | 4.85% | 03/06/28 | 15038847 |
|  | **Media — 0.5%** | **Media — 0.5%** | **Media — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7127000 | Comcast Corp. | 5.35% | 11/15/27 | 7285618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 21900000 | FactSet Research Systems, Inc. | 2.90% | 03/01/27 | 21390487 |
|  |  |  |  | 28676105 |
|  | **Mining — 0.2%** | **Mining — 0.2%** | **Mining — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Glencore Funding LLC, SOFR Compounded Index + 0.75% (a) (b) | 5.10% | 10/01/26 | 15018240 |
|  | **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 | 29395098 |
|  | **Oil & Gas — 0.2%** | **Oil & Gas — 0.2%** | **Oil & Gas — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Chevron USA, Inc., SOFR Compounded Index + 0.36% (b) | 4.70% | 02/26/27 | 15028479 |
|  | **Packaging & Containers — 1.0%** | **Packaging & Containers — 1.0%** | **Packaging & Containers — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20913000 | Amcor Finance USA, Inc. | 3.63% | 04/28/26 | 20736849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Amcor Flexibles North America, Inc. (a) | 4.80% | 03/17/28 | 5031509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Berry Global, Inc. (a) | 4.88% | 07/15/26 | 24985725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13898000 | Packaging Corp. of America | 3.40% | 12/15/27 | 13560098 |
|  |  |  |  | 64314181 |
|  | **Pharmaceuticals — 2.4%** | **Pharmaceuticals — 2.4%** | **Pharmaceuticals — 2.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Becton Dickinson & Co. | 3.70% | 06/06/27 | 24704811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Becton Dickinson & Co. | 4.69% | 02/13/28 | 10081290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Cencora, Inc. | 4.63% | 12/15/27 | 15071344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 28892000 | PRA Health Sciences, Inc. (a) | 2.88% | 07/15/26 | 28277900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 21159000 | Zoetis, Inc. | 4.50% | 11/13/25 | 21143332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | Zoetis, Inc. | 5.40% | 11/14/25 | 30044733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 22724000 | Zoetis, Inc. | 3.00% | 09/12/27 | 22111632 |
|  |  |  |  | 151435042 |
|  | **Pipelines — 1.3%** | **Pipelines — 1.3%** | **Pipelines — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 23276000 | Energy Transfer, L.P. | 4.75% | 01/15/26 | 23277247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1814000 | Sabine Pass Liquefaction LLC | 5.88% | 06/30/26 | 1822848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5675000 | Spectra Energy Partners, L.P. | 3.38% | 10/15/26 | 5590448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6162000 | Transcontinental Gas Pipe Line Co. LLC | 7.85% | 02/01/26 | 6212905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 35000000 | Williams Cos. (The), Inc. | 4.00% | 09/15/25 | 34956520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6966000 | Williams Cos. (The), Inc. | 5.40% | 03/02/26 | 6998721 |
|  |  |  |  | 78858689 |
|  | **Real Estate Investment Trusts — 1.0%** | **Real Estate Investment Trusts — 1.0%** | **Real Estate Investment Trusts — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 35000000 | Crown Castle, Inc. | 4.45% | 02/15/26 | 34957544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | Crown Castle, Inc. | 3.70% | 06/15/26 | 29759184 |
|  |  |  |  | 64716728 |
|  | **Retail — 0.2%** | **Retail — 0.2%** | **Retail — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9600000 | Starbucks Corp. | 4.75% | 02/15/26 | 9601291 |
|  | **Semiconductors — 0.2%** | **Semiconductors — 0.2%** | **Semiconductors — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Broadcom, Inc. | 3.15% | 11/15/25 | 9954300 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |
|  | **Software — 4.9%** | **Software — 4.9%** | **Software — 4.9%** |  |
| $30000000 | Autodesk, Inc. | 3.50% | 06/15/27 | $29568559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5852000 | Cadence Design Systems, Inc. | 4.20% | 09/10/27 | 5848536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 35000000 | Fidelity National Information Services, Inc. | 1.15% | 03/01/26 | 34328391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Fidelity National Information Services, Inc. | 4.70% | 07/15/27 | 5008218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25088000 | Fiserv, Inc. | 3.20% | 07/01/26 | 24792060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20986000 | Fiserv, Inc. | 5.15% | 03/15/27 | 21198150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 17000000 | Oracle Corp. | 5.80% | 11/10/25 | 17055720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Oracle Corp. | 2.65% | 07/15/26 | 19645619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Oracle Corp. | 3.25% | 11/15/27 | 14598349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Oracle Corp. | 4.80% | 08/03/28 | 2022184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9348000 | Roper Technologies, Inc. | 1.00% | 09/15/25 | 9303163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Roper Technologies, Inc. | 3.85% | 12/15/25 | 14961836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | Synopsys, Inc. | 4.55% | 04/01/27 | 30057551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Synopsys, Inc. | 4.65% | 04/01/28 | 10079367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 23165000 | VMware LLC | 1.40% | 08/15/26 | 22446622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20765000 | VMware LLC | 4.65% | 05/15/27 | 20840004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4059000 | VMware LLC | 3.90% | 08/21/27 | 4015257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 21542000 | Workday, Inc. | 3.50% | 04/01/27 | 21207754 |
|  |  |  |  | 306977340 |
|  | **Telecommunications — 1.6%** | **Telecommunications — 1.6%** | **Telecommunications — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25404000 | AT&T, Inc. | 1.70% | 03/25/26 | 24945801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 16343000 | AT&T, Inc. | 4.25% | 03/01/27 | 16293091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 26114000 | T-Mobile USA, Inc. | 2.63% | 04/15/26 | 25761948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | T-Mobile USA, Inc. | 3.75% | 04/15/27 | 14826614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | T-Mobile USA, Inc. | 4.75% | 02/01/28 | 10015750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Verizon Communications, Inc. | 4.13% | 03/16/27 | 9973353 |
|  |  |  |  | 101816557 |
|  | **Water — 0.1%** | **Water — 0.1%** | **Water — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8025000 | American Water Capital Corp. | 2.95% | 09/01/27 | 7805733 |
|  | **Total Corporate Bonds and Notes** | **Total Corporate Bonds and Notes** | **Total Corporate Bonds and Notes** | 2624027463 |
|  | (Cost $2,613,979,227) | (Cost $2,613,979,227) | (Cost $2,613,979,227) |  |

---

&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 — 25.2%** | **COMMERCIAL PAPER — 25.2%** | **COMMERCIAL PAPER — 25.2%** | **COMMERCIAL PAPER — 25.2%** | **COMMERCIAL PAPER — 25.2%** |
|  | **Aerospace/Defense — 1.0%** | **Aerospace/Defense — 1.0%** | **Aerospace/Defense — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 28700000 | General Dynamics Corp.  | 4.42% | 08/06/25 | 28682633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | L3Harris Technologies, Inc.  | 4.62% | 08/13/25 | 14977227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | RTX Corp.  | 4.61% | 08/08/25 | 19982329 |
|  |  |  |  | 63642189 |
|  | **Banks — 5.1%** | **Banks — 5.1%** | **Banks — 5.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Australia & New Zealand Banking Group Ltd.  | 4.54% | 08/08/25 | 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Australia & New Zealand Banking Group Ltd.  | 4.56% | 09/04/25 | 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Australia & New Zealand Banking Group Ltd.  | 4.56% | 03/11/26 | 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Commonwealth Bank of Australia  | 4.49% | 09/04/25 | 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Macquarie Bank Ltd.  | 4.70% | 01/27/26 | 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | National Australia Bank Ltd.  | 4.65% | 10/01/25 | 15000000 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |
|  | **Banks (Continued)** | **Banks (Continued)** | **Banks (Continued)** |  |
| $25000000 | National Australia Bank Ltd.  | 4.66% | 03/05/26 | $25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Skandinaviska Enskilda Banken AB  | 4.68% | 10/08/25 | 15000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Svenska Handelsbanken AB  | 4.58% | 08/01/25 | 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Swedbank AB  | 4.70% | 04/06/26 | 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Swedbank AB  | 4.58% | 04/15/26 | 15000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Swedbank AB  | 0.00% | 07/01/26 | 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Westpac Banking Corp.  | 4.57% | 02/27/26 | 20000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Westpac Banking Corp.  | 4.74% | 04/13/26 | 25000000 |
|  |  |  |  | 315000000 |
|  | **Beverages — 0.9%** | **Beverages — 0.9%** | **Beverages — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11770000 | Bacardi-Martini B.V.  | 4.93% | 08/21/25 | 11738278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9700000 | Brown-Forman Corp.  | 4.58% | 08/19/25 | 9678150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Keurig Dr Pepper, Inc.  | 4.59% | 08/07/25 | 14988689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Keurig Dr Pepper, Inc.  | 4.63% | 08/14/25 | 19967068 |
|  |  |  |  | 56372185 |
|  | **Building Materials — 1.1%** | **Building Materials — 1.1%** | **Building Materials — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Amrize Finance US LLC  | 4.72% | 08/18/25 | 19956087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | CRH America Finance, Inc.  | 4.65% | 08/15/25 | 19964421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | CRH America Finance, Inc.  | 4.64% | 08/20/25 | 9975881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | CRH America Finance, Inc.  | 4.64% | 08/22/25 | 14960050 |
|  |  |  |  | 64856439 |
|  | **Commercial Services — 0.4%** | **Commercial Services — 0.4%** | **Commercial Services — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700000 | Global Payments, Inc.  | 4.80% | 08/01/25 | 2700000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 23000000 | Quanta Services, Inc.  | 4.72% | 08/04/25 | 22991085 |
|  |  |  |  | 25691085 |
|  | **Diversified Financial Services — 0.6%** | **Diversified Financial Services — 0.6%** | **Diversified Financial Services — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Intercontinental Exchange, Inc.  | 4.59% | 08/07/25 | 14988687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Intercontinental Exchange, Inc.  | 4.57% | 08/18/25 | 19957484 |
|  |  |  |  | 34946171 |
|  | **Electric — 0.6%** | **Electric — 0.6%** | **Electric — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Virginia Electric and Power Co.  | 4.62% | 08/13/25 | 14977272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Virginia Electric and Power Co.  | 4.63% | 08/19/25 | 19954396 |
|  |  |  |  | 34931668 |
|  | **Environmental Control — 0.3%** | **Environmental Control — 0.3%** | **Environmental Control — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Waste Management, Inc.  | 4.65% | 08/05/25 | 19989810 |
|  | **Food — 2.2%** | **Food — 2.2%** | **Food — 2.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 24700000 | J.M. Smucker (The) Co.  | 4.59% | 08/01/25 | 24700000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11213000 | Kellanova  | 4.60% | 08/11/25 | 11198878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Kellanova  | 4.61% | 08/12/25 | 14979173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9500000 | McCormick & Co., Inc.  | 4.57% | 08/04/25 | 9496434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | McCormick & Co., Inc.  | 4.59% | 08/20/25 | 14964260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | Mondelez International, Inc.  | 4.57% | 08/04/25 | 6997372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Mondelez International, Inc.  | 4.62% | 08/08/25 | 14986722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 17200000 | Mondelez International, Inc.  | 4.61% | 08/22/25 | 17154497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 22800000 | Nestle Finance International Ltd.  | 4.41% | 08/11/25 | 22772507 |
|  |  |  |  | 137249843 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |
|  | **Healthcare-Products — 0.2%** | **Healthcare-Products — 0.2%** | **Healthcare-Products — 0.2%** |  |
| $15000000 | Medtronic Global Holdings SCA  | 4.43% | 08/22/25 | $14961873 |
|  | **Healthcare-Services — 0.2%** | **Healthcare-Services — 0.2%** | **Healthcare-Services — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 14700000 | HCA, Inc.  | 4.82% | 08/06/25 | 14690159 |
|  | **Household Products/Wares — 0.5%** | **Household Products/Wares — 0.5%** | **Household Products/Wares — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12600000 | Reckitt Benckiser Treasury Services PLC  | 4.58% | 08/07/25 | 12590529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15400000 | Reckitt Benckiser Treasury Services PLC  | 4.61% | 08/21/25 | 15361199 |
|  |  |  |  | 27951728 |
|  | **Lodging — 0.4%** | **Lodging — 0.4%** | **Lodging — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Marriott International, Inc.  | 4.62% | 08/27/25 | 24917986 |
|  | **Mining — 0.3%** | **Mining — 0.3%** | **Mining — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Glencore Funding LLC  | 4.62% | 08/13/25 | 19969691 |
|  | **Miscellaneous Manufacturing — 0.5%** | **Miscellaneous Manufacturing — 0.5%** | **Miscellaneous Manufacturing — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 18200000 | Parker-Hannifin Corp.  | 4.57% | 08/13/25 | 18172672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Parker-Hannifin Corp.  | 4.54% | 08/29/25 | 14947941 |
|  |  |  |  | 33120613 |
|  | **Oil & Gas — 1.0%** | **Oil & Gas — 1.0%** | **Oil & Gas — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Canadian Natural Resources Ltd.  | 4.96% | 08/19/25 | 14963371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Canadian Natural Resources Ltd.  | 4.94% | 08/20/25 | 14961526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Canadian Natural Resources Ltd.  | 4.93% | 08/25/25 | 19935316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Chevron Corp.  | 4.39% | 08/14/25 | 14976607 |
|  |  |  |  | 64836820 |
|  | **Packaging & Containers — 0.7%** | **Packaging & Containers — 0.7%** | **Packaging & Containers — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 16600000 | WRKCo, Inc.  | 4.63% | 08/01/25 | 16600000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | WRKCo, Inc.  | 4.56% | 08/12/25 | 9986269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | WRKCo, Inc.  | 4.60% | 08/28/25 | 14949124 |
|  |  |  |  | 41535393 |
|  | **Pharmaceuticals — 1.2%** | **Pharmaceuticals — 1.2%** | **Pharmaceuticals — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Becton Dickinson & Co.  | 4.59% | 08/19/25 | 24943568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | Cencora, Inc.  | 4.61% | 08/01/25 | 30000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Eli Lilly & Co.  | 4.39% | 08/06/25 | 19987992 |
|  |  |  |  | 74931560 |
|  | **Pipelines — 3.0%** | **Pipelines — 3.0%** | **Pipelines — 3.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Enbridge U.S., Inc  | 4.64% | 08/07/25 | 19984753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Enbridge U.S., Inc  | 4.65% | 08/15/25 | 14973284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 50000000 | Energy Transfer, L.P.  | 4.61% | 08/01/25 | 50000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Plains All American Pipeline, L.P.  | 4.57% | 08/01/25 | 25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 60000000 | Targa Resources Corp.  | 4.57% | 08/01/25 | 60000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | TransCanada PipeLines Ltd.  | 4.62% | 08/11/25 | 14981043 |
|  |  |  |  | 184939080 |
|  | **Real Estate Investment Trusts — 0.5%** | **Real Estate Investment Trusts — 0.5%** | **Real Estate Investment Trusts — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Alexandria Real Estate Equities, Inc.  | 4.69% | 08/08/25 | 9991009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Crown Castle, Inc.  | 4.90% | 08/05/25 | 19989133 |
|  |  |  |  | 29980142 |
|  | **Retail — 1.9%** | **Retail — 1.9%** | **Retail — 1.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Alimentation Couche-Tard, Inc.  | 4.63% | 08/06/25 | 14990488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Alimentation Couche-Tard, Inc.  | 4.66% | 08/14/25 | 14975144 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |
|  | **Retail (Continued)** | **Retail (Continued)** | **Retail (Continued)** |  |
| $65000000 | AutoNation, Inc.  | 4.82% | 08/01/25 | $65000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Walmart, Inc.  | 4.37% | 08/04/25 | 24991024 |
|  |  |  |  | 119956656 |
|  | **Software — 1.6%** | **Software — 1.6%** | **Software — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 14730000 | Fidelity National Information Services, Inc.  | 4.68% | 08/04/25 | 14724330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Fidelity National Information Services, Inc.  | 4.69% | 08/07/25 | 19984606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Fidelity National Information Services, Inc.  | 4.69% | 08/15/25 | 14973081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Fiserv, Inc.  | 4.62% | 08/12/25 | 14979147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Oracle Corp.  | 4.66% | 08/18/25 | 19956684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Oracle Corp.  | 4.66% | 08/28/25 | 14948455 |
|  |  |  |  | 99566303 |
|  | **Transportation — 0.7%** | **Transportation — 0.7%** | **Transportation — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Canadian National Railway Co.  | 4.48% | 08/08/25 | 14987129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Canadian National Railway Co.  | 4.48% | 08/11/25 | 14981615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Canadian National Railway Co.  | 4.48% | 08/13/25 | 14977957 |
|  |  |  |  | 44946701 |
|  | **Water — 0.3%** | **Water — 0.3%** | **Water — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | American Water Capital Corp.  | 4.57% | 08/11/25 | 19974991 |
|  | **Total Commercial Paper** | **Total Commercial Paper** | **Total Commercial Paper** | 1568959086 |
|  | (Cost $1,568,959,086) | (Cost $1,568,959,086) | (Cost $1,568,959,086) |  |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Coupon**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **ASSET-BACKED SECURITIES — 20.3%** | **ASSET-BACKED SECURITIES — 20.3%** | **ASSET-BACKED SECURITIES — 20.3%** | **ASSET-BACKED SECURITIES — 20.3%** | **ASSET-BACKED SECURITIES — 20.3%** |
|  | 522 Funding CLO Ltd. | 522 Funding CLO Ltd. | 522 Funding CLO Ltd. | 522 Funding CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-3A, Class AR, 3 Mo. CME Term SOFR + CSA + <br> 1.04% (a) (b) | 5.63% | 10/20/31 | 79900 |
|  | 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; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-36A, Class X, 3 Mo. CME Term SOFR + <br> 0.95% (a) (b) | 5.27% | 01/23/38 | 249902 |
|  | Alloya Auto Receivables Trust | Alloya Auto Receivables Trust | Alloya Auto Receivables Trust | Alloya Auto Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 11000000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2 (a) | 4.78% | 10/25/27 | 10992334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7820000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A3 (a) | 4.69% | 12/26/28 | 7804520 |
|  | Ally Auto Receivables Trust | Ally Auto Receivables Trust | Ally Auto Receivables Trust | Ally Auto Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 4843000 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class A3 | 5.08% | 12/15/28 | 4864853 |
|  | American Credit Acceptance Receivables Trust | American Credit Acceptance Receivables Trust | American Credit Acceptance Receivables Trust | American Credit Acceptance Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A (a) | 4.73% | 01/12/29 | 4000500 |
|  | AMMC CLO 18 Ltd. | AMMC CLO 18 Ltd. | AMMC CLO 18 Ltd. | AMMC CLO 18 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-18A, Class AR, 3 Mo. CME Term SOFR + CSA + <br> 1.10% (a) (b) | 5.69% | 05/26/31 | 155007 |
|  | Anchorage Capital CLO 6 Ltd. | Anchorage Capital CLO 6 Ltd. | Anchorage Capital CLO 6 Ltd. | Anchorage Capital CLO 6 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-6A, Class XR4, 3 Mo. CME Term SOFR + <br> 1.10% (a) (b) (d) | 0.00% | 07/22/38 | 3999476 |
|  | Apidos CLO XXIV | Apidos CLO XXIV | Apidos CLO XXIV | Apidos CLO XXIV |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-24A, Class A1AL, 3 Mo. CME Term SOFR + CSA <br> + 0.95% (a) (b) | 5.54% | 10/20/30 | 348560 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |
|  | Ares LXIII CLO Ltd. | Ares LXIII CLO Ltd. | Ares LXIII CLO Ltd. | Ares LXIII CLO Ltd. |
| $2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-63A, Class XR, 3 Mo. CME Term SOFR + <br> 1.05% (a) (b) (d) | 0.00% | 10/15/38 | $2501285 |
|  | Bain Capital Credit CLO Ltd. | Bain Capital Credit CLO Ltd. | Bain Capital Credit CLO Ltd. | Bain Capital Credit CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1A, Class A1RR, 3 Mo. CME Term SOFR + <br> 0.99% (a) (b) (d) | 0.00% | 04/18/33 | 5003750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-2A, Class ARR, 3 Mo. CME Term SOFR + <br> 1.24% (a) (b) | 5.57% | 07/19/34 | 501356 |
|  | Bank of America Auto Trust | Bank of America Auto Trust | Bank of America Auto Trust | Bank of America Auto Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 15700000 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A3 (a) | 5.35% | 11/15/28 | 15822083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2A (a) | 4.52% | 11/22/27 | 3999337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2B, 30 Day Average SOFR + <br> 0.55% (a) (b) | 4.90% | 11/22/27 | 3504521 |
|  | Battalion CLO IX Ltd. | Battalion CLO IX Ltd. | Battalion CLO IX Ltd. | Battalion CLO IX Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-9A, Class ARR, 3 Mo. CME Term SOFR + <br> 0.96% (a) (b) (d) | 0.00% | 07/15/31 | 10008590 |
|  | BlueMountain CLO XXVIII Ltd. | BlueMountain CLO XXVIII Ltd. | BlueMountain CLO XXVIII Ltd. | BlueMountain CLO XXVIII Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-28A, Class X, 3 Mo. CME Term SOFR + <br> 1.05% (a) (b) | 5.37% | 03/31/38 | 3997872 |
|  | BMW Vehicle Lease Trust | BMW Vehicle Lease Trust | BMW Vehicle Lease Trust | BMW Vehicle Lease Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 30000000 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class A3 | 4.98% | 03/25/27 | 30077586 |
|  | BMW Vehicle Owner Trust | BMW Vehicle Owner Trust | BMW Vehicle Owner Trust | BMW Vehicle Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 15011000 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A3 | 5.18% | 02/26/29 | 15155571 |
|  | 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; 591594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-4A, Class A1RR, 3 Mo. CME Term SOFR + <br> 1.22% (a) (b) | 5.55% | 07/20/32 | 592318 |
| &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) (b) | 5.42% | 04/20/34 | 15033874 |
|  | CarMax Auto Owner Trust | CarMax Auto Owner Trust | CarMax Auto Owner Trust | CarMax Auto Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 2221344 | &nbsp;&nbsp;&nbsp; Series 2022-4, Class A3 | 5.34% | 08/16/27 | 2227737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2858334 | &nbsp;&nbsp;&nbsp; Series 2024-3, Class A2A | 5.21% | 09/15/27 | 2864357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; Series 2025-2, Class A2A | 4.59% | 07/17/28 | 6013819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; Series 2025-2, Class A2B, 30 Day Average SOFR + 0.69% (b) | 5.03% | 07/17/28 | 6022414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A2A | 4.42% | 08/15/28 | 5001729 |
|  | CarMax Select Receivables Trust | CarMax Select Receivables Trust | CarMax Select Receivables Trust | CarMax Select Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 4581913 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A2A | 5.78% | 09/15/27 | 4595748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10980120 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A2B, 30 Day Average SOFR + 0.73% (b) | 5.07% | 09/15/27 | 10990424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2A | 4.76% | 05/15/28 | 4000597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8000000 | &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2B, 30 Day Average SOFR + 0.68% (b) | 5.02% | 05/15/28 | 8007664 |
|  | CarVal CLO I Ltd. | CarVal CLO I Ltd. | CarVal CLO I Ltd. | CarVal CLO I Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 801407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-1A, Class AR, 3 Mo. CME Term SOFR + <br> 1.23% (a) (b) | 5.55% | 07/16/31 | 803411 |
|  | Catamaran CLO Ltd. | Catamaran CLO Ltd. | Catamaran CLO Ltd. | Catamaran CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-1A, Class A1AR, 3 Mo. CME Term SOFR + CSA + <br> 1.10% (a) (b) | 5.69% | 04/22/30 | 53399 |
|  | Chase Auto Owner Trust | Chase Auto Owner Trust | Chase Auto Owner Trust | Chase Auto Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 7569656 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A3 (a) | 5.13% | 05/25/29 | 7618665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4245896 | &nbsp;&nbsp;&nbsp; Series 2024-3A, Class A2 (a) | 5.53% | 09/27/27 | 4255753 |
|  | CIFC Funding Ltd. | CIFC Funding Ltd. | CIFC Funding Ltd. | CIFC Funding Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-4A, Class A1R, 3 Mo. CME Term SOFR + CSA + <br> 0.95% (a) (b) | 5.53% | 10/24/30 | 104801 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |
|  | Citibank Credit Card Issuance Trust | Citibank Credit Card Issuance Trust | Citibank Credit Card Issuance Trust | Citibank Credit Card Issuance Trust |
| $20000000 | &nbsp;&nbsp;&nbsp; Series 2023-A2, Class A2, SOFR + 0.63% (b) | 4.97% | 12/08/27 | $20013264 |
|  | Citizens Auto Receivables Trust | Citizens Auto Receivables Trust | Citizens Auto Receivables Trust | Citizens Auto Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1578984 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class A2A (a) | 5.43% | 10/15/26 | 1579448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10668000 | &nbsp;&nbsp;&nbsp; Series 2024-2, Class A3 (a) | 5.33% | 08/15/28 | 10741785 |
|  | CoreVest American Finance Trust | CoreVest American Finance Trust | CoreVest American Finance Trust | CoreVest American Finance Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1798465 | &nbsp;&nbsp;&nbsp; Series 2020-2, Class A (a) | 3.38% | 05/15/52 | 1786746 |
|  | Dell Equipment Finance Trust | Dell Equipment Finance Trust | Dell Equipment Finance Trust | Dell Equipment Finance Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 6107000 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class A3 (a) | 5.39% | 03/22/30 | 6147877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 23559975 | &nbsp;&nbsp;&nbsp; Series 2024-2, Class A2 (a) | 4.69% | 08/22/30 | 23569161 |
|  | DLLAA LLC | DLLAA LLC | DLLAA LLC | DLLAA LLC |
| &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2 (a) | 4.70% | 10/20/27 | 6007184 |
|  | 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; 316549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-40A, Class AR2, 3 Mo. CME Term SOFR + CSA + <br> 0.89% (a) (b) | 5.48% | 08/15/31 | 316763 |
|  | Dryden 41 Senior Loan Fund | Dryden 41 Senior Loan Fund | Dryden 41 Senior Loan Fund | Dryden 41 Senior Loan Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-41A, Class AR, 3 Mo. CME Term SOFR + CSA + <br> 0.97% (a) (b) | 5.55% | 04/15/31 | 189633 |
|  | Dryden 53 CLO Ltd. | Dryden 53 CLO Ltd. | Dryden 53 CLO Ltd. | Dryden 53 CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 23218768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-53A, Class AR, 3 Mo. CME Term SOFR + <br> 1.00% (a) (b) | 5.30% | 01/15/31 | 23253596 |
|  | Dryden 75 CLO Ltd. | Dryden 75 CLO Ltd. | Dryden 75 CLO Ltd. | Dryden 75 CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-75A, Class AR2, 3 Mo. CME Term SOFR + CSA + <br> 1.04% (a) (b) | 5.62% | 04/15/34 | 10022858 |
|  | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 14487573 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A2 | 4.78% | 06/15/27 | 14491029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9250000 | &nbsp;&nbsp;&nbsp; Series 2025-3A, Class A2 | 4.83% | 01/18/28 | 9252801 |
|  | Exeter Select Automobile Receivables Trust | Exeter Select Automobile Receivables Trust | Exeter Select Automobile Receivables Trust | Exeter Select Automobile Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 12000000 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class A2 | 4.83% | 10/16/28 | 12001447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7500000 | &nbsp;&nbsp;&nbsp; Series 2025-2, Class A2 | 4.54% | 06/15/29 | 7496208 |
|  | Ford Credit Auto Lease Trust | Ford Credit Auto Lease Trust | Ford Credit Auto Lease Trust | Ford Credit Auto Lease Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 2119820 | &nbsp;&nbsp;&nbsp; Series 2024-B, Class A2A | 5.18% | 02/15/27 | 2123441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14000000 | &nbsp;&nbsp;&nbsp; Series 2025-A, Class A3 | 4.72% | 06/15/28 | 14072652 |
|  | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 779337 | &nbsp;&nbsp;&nbsp; Series 2022-C, Class A3 | 4.48% | 12/15/26 | 779084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15632000 | &nbsp;&nbsp;&nbsp; Series 2022-C, Class A4 | 4.59% | 12/15/27 | 15645461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7426064 | &nbsp;&nbsp;&nbsp; Series 2023-A, Class A3 | 4.65% | 02/15/28 | 7432874 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188352 | &nbsp;&nbsp;&nbsp; Series 2023-C, Class A2A | 5.68% | 09/15/26 | 188408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A3 | 5.09% | 12/15/28 | 10084822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2A | 4.47% | 12/15/27 | 15008812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2B, 30 Day Average SOFR + 0.41% (b) | 4.75% | 12/15/27 | 4998790 |
|  | Galaxy XXI CLO Ltd. | Galaxy XXI CLO Ltd. | Galaxy XXI CLO Ltd. | Galaxy XXI CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-21A, Class AR, 3 Mo. CME Term SOFR + CSA + <br> 1.02% (a) (b) | 5.61% | 04/20/31 | 46863 |
|  | GLS Auto Receivables Issuer Trust | GLS Auto Receivables Issuer Trust | GLS Auto Receivables Issuer Trust | GLS Auto Receivables Issuer Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 6974861 | &nbsp;&nbsp;&nbsp; Series 2024-4A, Class A2 (a) | 4.76% | 10/15/27 | 6974259 |
|  | GM Financial Automobile Leasing Trust | GM Financial Automobile Leasing Trust | GM Financial Automobile Leasing Trust | GM Financial Automobile Leasing Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 9515000 | &nbsp;&nbsp;&nbsp; Series 2023-3, Class A4 | 5.44% | 08/20/27 | 9546519 |
|  | 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; 2348628 | &nbsp;&nbsp;&nbsp; Series 2023-2, Class A3 | 4.47% | 02/16/28 | 2351572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12540001 | &nbsp;&nbsp;&nbsp; Series 2024-4, Class A2B, 30 Day Average SOFR + 0.40% (b) | 4.74% | 10/18/27 | 12547359 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |
|  | GM Financial Consumer Automobile Receivables Trust (Continued) | GM Financial Consumer Automobile Receivables Trust (Continued) | GM Financial Consumer Automobile Receivables Trust (Continued) | GM Financial Consumer Automobile Receivables Trust (Continued) |
| $2500000 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A2A | 4.32% | 06/16/28 | $2500078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A2B, 30 Day Average SOFR + 0.30% (b) | 4.64% | 06/16/28 | 2501286 |
|  | 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) (b) (d) | 0.00% | 04/17/34 | 20015000 |
|  | 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; 68562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-2A, Class A1, 3 Mo. CME Term SOFR + CSA + <br> 1.18% (a) (b) | 5.77% | 10/20/31 | 68672 |
|  | Honda Auto Receivables Owner Trust | Honda Auto Receivables Owner Trust | Honda Auto Receivables Owner Trust | Honda Auto Receivables Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 27901000 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class A3 | 5.21% | 08/15/28 | 28107406 |
|  | Huntington Auto Trust | Huntington Auto Trust | Huntington Auto Trust | Huntington Auto Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 3845234 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2 (a) | 5.50% | 03/15/27 | 3847746 |
|  | Hyundai Auto Lease Securitization Trust | Hyundai Auto Lease Securitization Trust | Hyundai Auto Lease Securitization Trust | Hyundai Auto Lease Securitization Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1226835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A, Class A2B, 30 Day Average SOFR + <br> 0.50% (a) (b) | 4.84% | 06/15/26 | 1227239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5275000 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A3 (a) | 5.02% | 03/15/27 | 5286583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13895000 | &nbsp;&nbsp;&nbsp; Series 2024-B, Class A3 (a) | 5.41% | 05/17/27 | 13991570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6465145 | &nbsp;&nbsp;&nbsp; Series 2024-C, Class A2A (a) | 4.77% | 03/15/27 | 6474989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2A (a) | 4.58% | 09/15/27 | 6009538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B, Class A2B, 30 Day Average SOFR + <br> 0.70% (a) (b) | 5.04% | 09/15/27 | 6020531 |
|  | Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1188718 | &nbsp;&nbsp;&nbsp; Series 2023-A, Class A3 | 4.58% | 04/15/27 | 1188918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; Series 2023-C, Class A3 | 5.54% | 10/16/28 | 10092848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2104949 | &nbsp;&nbsp;&nbsp; Series 2024-C, Class A2A | 4.53% | 09/15/27 | 2104950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2B, 30 Day Average SOFR + 0.34% (b) | 4.68% | 12/15/27 | 10004470 |
|  | John Deere Owner Trust | John Deere Owner Trust | John Deere Owner Trust | John Deere Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 8347602 | &nbsp;&nbsp;&nbsp; Series 2023-B, Class A3 | 5.18% | 03/15/28 | 8384962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 18018000 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A3 | 4.96% | 11/15/28 | 18148713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10752687 | &nbsp;&nbsp;&nbsp; Series 2024-C, Class A2B, 30 Day Average SOFR + 0.43% (b) | 4.77% | 08/16/27 | 10757960 |
|  | Kubota Credit Owner Trust | Kubota Credit Owner Trust | Kubota Credit Owner Trust | Kubota Credit Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 3073856 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2 (a) | 5.39% | 01/15/27 | 3080239 |
|  | Madison Park Funding XLVIII Ltd. | Madison Park Funding XLVIII Ltd. | Madison Park Funding XLVIII Ltd. | Madison Park Funding XLVIII Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 9001405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-48A, Class A, 3 Mo. CME Term SOFR + CSA + <br> 1.15% (a) (b) | 5.74% | 04/19/33 | 9020668 |
|  | 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) (b) | 5.88% | 07/15/34 | 1506852 |
|  | Mercedes-Benz Auto Lease Trust | Mercedes-Benz Auto Lease Trust | Mercedes-Benz Auto Lease Trust | Mercedes-Benz Auto Lease Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 5575541 | &nbsp;&nbsp;&nbsp; Series 2023-A, Class A3 | 4.74% | 01/15/27 | 5575290 |
|  | Mercedes-Benz Auto Receivables Trust | Mercedes-Benz Auto Receivables Trust | Mercedes-Benz Auto Receivables Trust | Mercedes-Benz Auto Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 3209747 | &nbsp;&nbsp;&nbsp; Series 2022-1, Class A3 | 5.21% | 08/16/27 | 3219232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13891391 | &nbsp;&nbsp;&nbsp; Series 2023-1, Class A3 | 4.51% | 11/15/27 | 13894429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25406000 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class A3 | 4.80% | 04/16/29 | 25515236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8514095 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class A2B, 30 Day Average SOFR + 0.32% (b) | 4.66% | 02/15/28 | 8517112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class A3 | 4.78% | 12/17/29 | 10098962 |
|  | 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; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-34A, Class XR2, 3 Mo. CME Term SOFR + <br> 0.97% (a) (b) (d) | 0.00% | 07/20/39 | 5002570 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |
|  | 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. |
| $1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-43A, Class AR, 3 Mo. CME Term SOFR + <br> 1.05% (a) (b) | 5.37% | 07/17/36 | $1001216 |
|  | Nissan Auto Lease Trust | Nissan Auto Lease Trust | Nissan Auto Lease Trust | Nissan Auto Lease Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 617832 | &nbsp;&nbsp;&nbsp; Series 2023-B, Class A3 | 5.69% | 07/15/26 | 618213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 23500000 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A3 | 4.91% | 04/15/27 | 23570570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11090910 | &nbsp;&nbsp;&nbsp; Series 2024-B, Class A2A | 5.05% | 06/15/27 | 11126847 |
|  | 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) (b) | 5.47% | 10/15/34 | 25021475 |
|  | 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; 3570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-12RA, Class X, 3 Mo. CME Term SOFR + <br> 0.95% (a) (b) | 5.28% | 07/20/37 | 3569950 |
|  | OZLM XVII Ltd. | OZLM XVII Ltd. | OZLM XVII Ltd. | OZLM XVII Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 1963526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-17A, Class A1RR, 3 Mo. CME Term SOFR + <br> 1.15% (a) (b) | 5.48% | 07/20/30 | 1964855 |
|  | OZLM XXII Ltd. | OZLM XXII Ltd. | OZLM XXII Ltd. | OZLM XXII Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-22A, Class A1, 3 Mo. CME Term SOFR + CSA + <br> 1.07% (a) (b) | 5.65% | 01/17/31 | 62491 |
|  | OZLM XXIV Ltd. | OZLM XXIV Ltd. | OZLM XXIV Ltd. | OZLM XXIV Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-24A, Class A1AR, 3 Mo. CME Term SOFR + CSA <br> + 1.16% (a) (b) | 5.75% | 07/20/32 | 162025 |
|  | Pagaya AI Debt Grantor Trust | Pagaya AI Debt Grantor Trust | Pagaya AI Debt Grantor Trust | Pagaya AI Debt Grantor Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 5791828 | &nbsp;&nbsp;&nbsp; Series 2024-10, Class A (a) | 5.18% | 06/15/32 | 5806293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3830654 | &nbsp;&nbsp;&nbsp; Series 2024-11, Class A (a) | 5.09% | 07/15/32 | 3834474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6204994 | &nbsp;&nbsp;&nbsp; Series 2025-2, Class A1 (a) | 4.67% | 03/16/26 | 6202642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; Series 2025-5, Class A1 (a) | 4.68% | 08/17/26 | 10002544 |
|  | Pagaya AI Debt Trust | Pagaya AI Debt Trust | Pagaya AI Debt Trust | Pagaya AI Debt Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 5214916 | &nbsp;&nbsp;&nbsp; Series 2025-R1, Class A1 (a) | 4.87% | 05/18/26 | 5214148 |
|  | Palmer Square Loan Funding Ltd. | Palmer Square Loan Funding Ltd. | Palmer Square Loan Funding Ltd. | Palmer Square Loan Funding Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2A, Class A1, 3 Mo. CME Term SOFR + <br> 0.94% (a) (b) (d) | 0.00% | 07/15/33 | 20017160 |
|  | 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) (b) | 5.29% | 04/15/29 | 10009001 |
|  | Porsche Financial Auto Securitization Trust | Porsche Financial Auto Securitization Trust | Porsche Financial Auto Securitization Trust | Porsche Financial Auto Securitization Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 2613334 | &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A3 (a) | 4.81% | 09/22/28 | 2616782 |
|  | Porsche Innovative Lease Owner Trust | Porsche Innovative Lease Owner Trust | Porsche Innovative Lease Owner Trust | Porsche Innovative Lease Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 6500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2B, 30 Day Average SOFR + <br> 0.50% (a) (b) | 4.85% | 12/20/27 | 6509645 |
|  | Rad CLO 4 Ltd. | Rad CLO 4 Ltd. | Rad CLO 4 Ltd. | Rad CLO 4 Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-4A, Class AR, 3 Mo. CME Term SOFR + <br> 1.23% (a) (b) | 5.55% | 04/25/32 | 403699 |
|  | RCKT Trust | RCKT Trust | RCKT Trust | RCKT Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 3250000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A (a) | 4.90% | 07/25/34 | 3251100 |
|  | 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; 16076458 | &nbsp;&nbsp;&nbsp; Series 2023-3A, Class A (a) | 7.13% | 01/26/32 | 16123424 |
|  | Research-Driven Pagaya Motor Trust | Research-Driven Pagaya Motor Trust | Research-Driven Pagaya Motor Trust | Research-Driven Pagaya Motor Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 3475831 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A (a) | 7.09% | 06/25/32 | 3509227 |
|  | Romark CLO Ltd. | Romark CLO Ltd. | Romark CLO Ltd. | Romark CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-1A, Class A1R, 3 Mo. CME Term SOFR + CSA + <br> 1.03% (a) (b) | 5.61% | 10/23/30 | 49596 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |
|  | Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust |
| $3530058 | &nbsp;&nbsp;&nbsp; Series 2022-6, Class C | 4.96% | 11/15/28 | $3531366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13395000 | &nbsp;&nbsp;&nbsp; Series 2024-4, Class A3 | 4.85% | 01/16/29 | 13422529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13061208 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class A2 | 4.76% | 08/16/27 | 13063049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8000000 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A2 | 4.63% | 10/16/28 | 8006525 |
|  | Saranac CLO VI Ltd. | Saranac CLO VI Ltd. | Saranac CLO VI Ltd. | Saranac CLO VI Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-6A, Class A1R, 3 Mo. CME Term SOFR + CSA + <br> 1.14% (a) (b) | 5.72% | 08/13/31 | 96866 |
|  | SBNA Auto Lease Trust | SBNA Auto Lease Trust | SBNA Auto Lease Trust | SBNA Auto Lease Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 12817562 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A3 (a) | 5.39% | 11/20/26 | 12842379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6250000 | &nbsp;&nbsp;&nbsp; Series 2025-A, Class A3 (a) | 4.83% | 04/20/28 | 6276180 |
|  | SCCU Auto Receivables Trust | SCCU Auto Receivables Trust | SCCU Auto Receivables Trust | SCCU Auto Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 7500000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2 (a) (d) | 4.67% | 11/15/28 | 7499299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7500000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A3 (a) (d) | 4.57% | 01/15/31 | 7498202 |
|  | Southwick Park CLO LLC | Southwick Park CLO LLC | Southwick Park CLO LLC | Southwick Park CLO LLC |
| &nbsp;&nbsp;&nbsp;&nbsp; 11250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-4A, Class A1RR, 3 Mo. CME Term SOFR + <br> 1.00% (a) (b) | 5.33% | 07/20/32 | 11258691 |
|  | 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; 20175000 | &nbsp;&nbsp;&nbsp; Series 2025-AA, Class A2 (a) | 4.63% | 07/20/27 | 20198498 |
|  | Symphony CLO XV Ltd. | Symphony CLO XV Ltd. | Symphony CLO XV Ltd. | Symphony CLO XV Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 693944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-15A, Class AR3, 3 Mo. CME Term SOFR + CSA + <br> 1.08% (a) (b) | 5.66% | 01/17/32 | 695238 |
|  | 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) (b) (d) | 0.00% | 10/15/35 | 4002056 |
|  | 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) (b) (d) | 0.00% | 10/23/35 | 3972041 |
|  | TCI-Flatiron CLO Ltd. | TCI-Flatiron CLO Ltd. | TCI-Flatiron CLO Ltd. | TCI-Flatiron CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-1A, Class AR2, 3 Mo. CME Term SOFR + <br> 0.95% (a) (b) | 5.26% | 07/29/35 | 5003750 |
|  | TICP CLO VII Ltd. | TICP CLO VII Ltd. | TICP CLO VII Ltd. | TICP CLO VII Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 487576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-7A, Class ASR2, 3 Mo. CME Term SOFR + <br> 1.30% (a) (b) | 5.62% | 04/15/33 | 487864 |
|  | T-Mobile U.S. Trust | T-Mobile U.S. Trust | T-Mobile U.S. Trust | T-Mobile U.S. Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 9480069 | &nbsp;&nbsp;&nbsp; Series 2022-1A, Class A (a) | 4.91% | 05/22/28 | 9483133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 27295000 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A (a) | 5.05% | 09/20/29 | 27458442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 17000000 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class A (a) | 4.25% | 05/21/29 | 16972608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A (a) | 4.74% | 11/20/29 | 15102172 |
|  | Toyota Auto Receivables Owner Trust | Toyota Auto Receivables Owner Trust | Toyota Auto Receivables Owner Trust | Toyota Auto Receivables Owner Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 4669972 | &nbsp;&nbsp;&nbsp; Series 2022-D, Class A3 | 5.30% | 09/15/27 | 4690166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2782558 | &nbsp;&nbsp;&nbsp; Series 2023-B, Class A3 | 4.71% | 02/15/28 | 2787428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3112250 | &nbsp;&nbsp;&nbsp; Series 2023-D, Class A2A | 5.80% | 11/16/26 | 3114749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7200000 | &nbsp;&nbsp;&nbsp; Series 2023-D, Class A3 | 5.54% | 08/15/28 | 7279760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A3 | 4.83% | 10/16/28 | 15068685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2A | 4.46% | 03/15/28 | 6002073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2B, 30 Day Average SOFR + 0.54% (b) | 4.88% | 03/15/28 | 6012678 |
|  | 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 (a) | 5.26% | 06/20/28 | 17169863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10510775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B, Class A2B, 30 Day Average SOFR + <br> 0.44% (a) (b) | 4.79% | 02/22/27 | 10510924 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |
|  | USB Auto Owner Trust | USB Auto Owner Trust | USB Auto Owner Trust | USB Auto Owner Trust |
| $14000000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2 (a) | 4.51% | 06/15/28 | $14008282 |
|  | Venture CLO Ltd. | Venture CLO Ltd. | Venture CLO Ltd. | Venture CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 883678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-37A, Class A1RR, 3 Mo. CME Term SOFR + <br> 1.25% (a) (b) | 5.57% | 07/15/32 | 884866 |
|  | Venture XXVII CLO Ltd. | Venture XXVII CLO Ltd. | Venture XXVII CLO Ltd. | Venture XXVII CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-27A, Class AR, 3 Mo. CME Term SOFR + CSA + <br> 1.05% (a) (b) | 5.64% | 07/20/30 | 233362 |
|  | Verizon Master Trust | Verizon Master Trust | Verizon Master Trust | Verizon Master Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 8906000 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class A1A | 5.00% | 12/20/28 | 8921167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12510000 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A1A | 4.51% | 03/20/30 | 12528265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12500000 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A1B, 30 Day Average SOFR + 0.55% (b) | 4.89% | 03/20/30 | 12517730 |
|  | Volkswagen Auto Lease Trust | Volkswagen Auto Lease Trust | Volkswagen Auto Lease Trust | Volkswagen Auto Lease Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 22850000 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A3 | 5.21% | 06/21/27 | 23020356 |
|  | Volkswagen Auto Loan Enhanced Trust | Volkswagen Auto Loan Enhanced Trust | Volkswagen Auto Loan Enhanced Trust | Volkswagen Auto Loan Enhanced Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 15075000 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class A2A | 4.51% | 01/20/28 | 15076833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class A2B, 30 Day Average SOFR + 0.44% (b) | 4.79% | 01/20/28 | 5004012 |
|  | Voya CLO Ltd. | Voya CLO Ltd. | Voya CLO Ltd. | Voya CLO Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-2A, Class A1R, 3 Mo. CME Term SOFR + CSA + <br> 0.97% (a) (b) | 5.55% | 04/25/31 | 80310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1526394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-3A, Class A1RR, 3 Mo. CME Term SOFR + CSA + <br> 1.15% (a) (b) | 5.74% | 10/18/31 | 1528869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-1A, Class AAR2, 3 Mo. CME Term SOFR + CSA + <br> 0.99% (a) (b) | 5.58% | 04/18/31 | 85775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 382670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-1A, Class A1R, 3 Mo. CME Term SOFR + CSA + <br> 1.07% (a) (b) | 5.66% | 01/20/31 | 383161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-1A, Class A1R, 3 Mo. CME Term SOFR + CSA + <br> 0.95% (a) (b) | 5.53% | 04/17/30 | 13475 |
|  | Voya Ltd. | Voya Ltd. | Voya Ltd. | Voya Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2012-4A, Class A1R3, 3 Mo. CME Term SOFR + CSA + <br> 1.00% (a) (b) | 5.58% | 10/15/30 | 50317 |
|  | Westlake Automobile Receivables Trust | Westlake Automobile Receivables Trust | Westlake Automobile Receivables Trust | Westlake Automobile Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 5197630 | &nbsp;&nbsp;&nbsp; Series 2023-P1, Class A2 (a) | 5.89% | 02/16/27 | 5209602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A2A (a) | 4.66% | 09/15/28 | 6001453 |
| &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) (b) | 4.92% | 09/15/28 | 5999483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4500000 | &nbsp;&nbsp;&nbsp; Series 2025-P1, Class A2 (a) | 4.65% | 02/15/28 | 4504973 |
|  | World Omni Auto Receivables Trust | World Omni Auto Receivables Trust | World Omni Auto Receivables Trust | World Omni Auto Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 4368557 | &nbsp;&nbsp;&nbsp; Series 2023-A, Class A3 | 4.83% | 05/15/28 | 4373673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1242823 | &nbsp;&nbsp;&nbsp; Series 2024-C, Class A2A | 4.78% | 01/18/28 | 1243248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2A | 4.38% | 08/15/28 | 5997526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2B, 30 Day Average SOFR + 0.47% (b) | 4.81% | 08/15/28 | 6007763 |
|  | 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; 4498000 | &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2B, 30 Day Average SOFR + 0.39% (b) | 4.73% | 12/15/27 | 4502627 |
|  | World Omni Select Auto Trust | World Omni Select Auto Trust | World Omni Select Auto Trust | World Omni Select Auto Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 12950430 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A2B, 30 Day Average SOFR + 0.62% (b) | 4.96% | 02/15/28 | 12959283 |
|  | **Total Asset-Backed Securities** | **Total Asset-Backed Securities** | **Total Asset-Backed Securities** | 1263379480 |
|  | (Cost $1,261,024,376) | (Cost $1,261,024,376) | (Cost $1,261,024,376) |  |
| **FOREIGN CORPORATE BONDS AND NOTES — 7.1%** | **FOREIGN CORPORATE BONDS AND NOTES — 7.1%** | **FOREIGN CORPORATE BONDS AND NOTES — 7.1%** | **FOREIGN CORPORATE BONDS AND NOTES — 7.1%** | **FOREIGN CORPORATE BONDS AND NOTES — 7.1%** |
|  | **Banks — 4.8%** | **Banks — 4.8%** | **Banks — 4.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Barclays PLC | 4.38% | 01/12/26 | 14990107 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |  |
| $9412000 | Barclays PLC (c) | 5.09% | 02/25/29 | $9519421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | BNP Paribas S.A., SOFR + 0.26% (b) | 4.58% | 11/07/25 | 25000501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | BNP Paribas S.A., SOFR + 0.33% (b) | 4.65% | 07/10/26 | 25053544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9850000 | &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce, SOFR Compounded Index <br> + 0.93% (b) | 5.28% | 09/11/27 | 9899323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Canadian Imperial Bank of Commerce (c) | 4.86% | 03/30/29 | 10082906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | &nbsp;&nbsp;&nbsp; Cooperatieve Rabobank U.A., SOFR Compounded Index + <br> 0.62% (b) | 4.97% | 08/28/26 | 20077081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Credit Agricole Corporate and Investment Bank, SOFR + 0.29% (b) | 4.61% | 03/13/26 | 25001396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Lloyds Banking Group PLC (c) | 1.63% | 05/11/27 | 4883464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Royal Bank of Canada (c) | 5.07% | 07/23/27 | 15069893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | Royal Bank of Canada (c) | 4.72% | 03/27/28 | 10042102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Royal Bank of Canada (c) | 4.97% | 01/24/29 | 5058861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Royal Bank of Canada (c) (d) | 4.50% | 08/06/29 | 5004757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Svenska Handelsbanken, SOFR + 0.23% (b) | 4.55% | 10/14/25 | 15003543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | Svenska Handelsbanken, SOFR + 0.29% (b) | 4.61% | 05/29/26 | 25045657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Toronto-Dominion Bank (The), SOFR + 0.45% (b) | 4.77% | 04/22/26 | 20026250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5385000 | Toronto-Dominion Bank (The) | 4.86% | 01/31/28 | 5443769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | UBS AG | 5.80% | 09/11/25 | 20023877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | UBS AG (c) | 4.86% | 01/10/28 | 10065239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | UBS Group AG (a) (c) | 1.36% | 01/30/27 | 14755055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | UBS Group AG (a) (c) | 4.70% | 08/05/27 | 10004280 |
|  |  |  |  | 300051026 |
|  | **Food — 0.5%** | **Food — 0.5%** | **Food — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9955000 | Mondelez International Holdings Netherlands B.V. (a) | 4.25% | 09/15/25 | 9949274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | Mondelez International Holdings Netherlands B.V. (a) | 1.25% | 09/24/26 | 19266187 |
|  |  |  |  | 29215461 |
|  | **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 | 20338015 |
|  | **Insurance — 0.5%** | **Insurance — 0.5%** | **Insurance — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 30360000 | Trinity Acquisition PLC  | 4.40% | 03/15/26 | 30317977 |
|  | **Packaging & Containers — 0.5%** | **Packaging & Containers — 0.5%** | **Packaging & Containers — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 30495000 | CCL Industries, Inc. (a) | 3.25% | 10/01/26 | 29946145 |
|  | **Pipelines — 0.5%** | **Pipelines — 0.5%** | **Pipelines — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4605000 | Enbridge, Inc. | 1.60% | 10/04/26 | 4449918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | TransCanada PipeLines Ltd. | 4.88% | 01/15/26 | 24999772 |
|  |  |  |  | 29449690 |
|  | **Total Foreign Corporate Bonds and Notes** | **Total Foreign Corporate Bonds and Notes** | **Total Foreign Corporate Bonds and Notes** | 439318314 |
|  | (Cost $437,991,302) | (Cost $437,991,302) | (Cost $437,991,302) |  |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 2.4%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 2.4%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 2.4%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 2.4%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 2.4%** |
|  | **Collateralized Mortgage Obligations — 0.6%** | **Collateralized Mortgage Obligations — 0.6%** | **Collateralized Mortgage Obligations — 0.6%** |  |
|  | Federal Home Loan Mortgage Corporation STACR REMIC Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10218750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-HQA2, Class A1, 30 Day Average SOFR + <br> 1.25% (a) (b) | 5.60% | 08/25/44 | 10269906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6489051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-DNA1, Class A1, 30 Day Average SOFR + <br> 0.95% (a) (b) | 5.30% | 01/25/45 | 6496751 |
|  | Federal National Mortgage Association |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 937028 | &nbsp;&nbsp;&nbsp; Series 2014-20, Class NA | 3.00% | 06/25/33 | 920575 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |
|  | **Collateralized Mortgage Obligations (Continued)** | **Collateralized Mortgage Obligations (Continued)** | **Collateralized Mortgage Obligations (Continued)** |  |
|  | Federal National Mortgage Association (Continued) |  |  |  |
| $525473 | &nbsp;&nbsp;&nbsp; Series 2015-28, Class GC | 2.50% | 06/25/34 | $517438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 19108193 | &nbsp;&nbsp;&nbsp; Series 2025-39, Class CA | 3.50% | 02/25/36 | 18711517 |
|  |  |  |  | 36916187 |
|  | **Commercial Mortgage-Backed Securities — 1.7%** | **Commercial Mortgage-Backed Securities — 1.7%** | **Commercial Mortgage-Backed Securities — 1.7%** |  |
|  | &nbsp;&nbsp; Federal Home Loan Mortgage Corporation Multifamily Structured <br> Pass Through Certificates |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6461017 | &nbsp;&nbsp;&nbsp; Series K057, Class A2 | 2.57% | 07/25/26 | 6352041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9072000 | &nbsp;&nbsp;&nbsp; Series K058, Class A2 | 2.65% | 08/25/26 | 8903949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12127771 | &nbsp;&nbsp;&nbsp; Series K064, Class A1 | 2.89% | 10/25/26 | 11984430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1265407 | &nbsp;&nbsp;&nbsp; Series K067, Class A1 | 2.90% | 03/25/27 | 1248591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153719 | &nbsp;&nbsp;&nbsp; Series K070, Class A1 | 3.03% | 04/25/27 | 151611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8705964 | &nbsp;&nbsp;&nbsp; Series K071, Class A1 | 3.07% | 10/25/27 | 8559445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8244252 | &nbsp;&nbsp;&nbsp; Series K076, Class A1 | 3.73% | 12/25/27 | 8167550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14375203 | &nbsp;&nbsp;&nbsp; Series K079, Class A1 | 3.73% | 02/25/28 | 14239346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13324806 | &nbsp;&nbsp;&nbsp; Series K080, Class A1 | 3.74% | 04/25/28 | 13193074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6131213 | &nbsp;&nbsp;&nbsp; Series K157, Class A1 | 3.99% | 06/25/30 | 6087367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3675624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series KF68, Class A, 30 Day Average SOFR + CSA + <br> 0.49% (b) | 4.92% | 07/25/26 | 3677066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5719825 | &nbsp;&nbsp;&nbsp; Series KI07, Class A, 30 Day Average SOFR + 0.17% (b) | 4.49% | 09/25/26 | 5715113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 680944 | &nbsp;&nbsp;&nbsp; Series KI08, Class A, 30 Day Average SOFR + 0.20% (b) | 4.52% | 10/25/26 | 678668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 845559 | &nbsp;&nbsp;&nbsp; Series KL1E, Class A1E | 2.84% | 02/25/27 | 831434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5845051 | &nbsp;&nbsp;&nbsp; Series KW08, Class A1 | 3.42% | 02/25/28 | 5804520 |
|  | Federal National Mortgage Association |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2695321 | &nbsp;&nbsp;&nbsp; Series 2016-M11, Class A2 | 2.37% | 07/25/26 | 2640649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 997092 | &nbsp;&nbsp;&nbsp; Series 2016-M12, Class A2 | 2.44% | 09/25/26 | 975975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 939530 | &nbsp;&nbsp;&nbsp; Series 2016-M6, Class A2 | 2.49% | 05/25/26 | 923644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1258647 | &nbsp;&nbsp;&nbsp; Series 2016-M9, Class A2 | 2.29% | 06/25/26 | 1236103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1382495 | &nbsp;&nbsp;&nbsp; Series 2017-M7, Class A2 | 2.96% | 02/25/27 | 1353491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3967297 | &nbsp;&nbsp;&nbsp; Series 2018-M15, Class APT (e) | 3.08% | 12/25/26 | 3891942 |
|  |  |  |  | 106616009 |
|  | **Pass-Through Securities — 0.1%** | **Pass-Through Securities — 0.1%** | **Pass-Through Securities — 0.1%** |  |
|  | 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; 9 | &nbsp;&nbsp;&nbsp; Pool G15874  | 5.00% | 06/01/26 | 9 |
|  | 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;&nbsp; 2 | &nbsp;&nbsp;&nbsp; Pool AL6212  | 4.50% | 01/01/27 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; Pool AN9948  | 3.31% | 08/01/25 | 4985342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176 | &nbsp;&nbsp;&nbsp; Pool BM1299  | 5.00% | 03/01/27 | 177 |
|  |  |  |  | 4985530 |
|  | **Total U.S. Government Agency Mortgage-Backed Securities** | **Total U.S. Government Agency Mortgage-Backed Securities** | **Total U.S. Government Agency Mortgage-Backed Securities** | 148517726 |
|  | (Cost $148,499,512) | (Cost $148,499,512) | (Cost $148,499,512) |  |
| **MORTGAGE-BACKED SECURITIES — 2.2%** | **MORTGAGE-BACKED SECURITIES — 2.2%** | **MORTGAGE-BACKED SECURITIES — 2.2%** | **MORTGAGE-BACKED SECURITIES — 2.2%** | **MORTGAGE-BACKED SECURITIES — 2.2%** |
|  | **Collateralized Mortgage Obligations — 1.7%** | **Collateralized Mortgage Obligations — 1.7%** | **Collateralized Mortgage Obligations — 1.7%** |  |
|  | BRAVO Residential Funding Trust | BRAVO Residential Funding Trust | BRAVO Residential Funding Trust | BRAVO Residential Funding Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 3371153 | &nbsp;&nbsp;&nbsp; Series 2021-NQM1, Class A1 (a) | 0.94% | 02/25/49 | 3138189 |
|  | CIM Trust | CIM Trust | CIM Trust | CIM Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 644214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-INV1, Class A2, 30 Day Average SOFR + CSA + <br> 1.00% (a) (b) | 5.46% | 02/25/49 | 626782 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |  |
|  | CIM Trust (Continued) | CIM Trust (Continued) | CIM Trust (Continued) | CIM Trust (Continued) |
| $449597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-INV2, Class A11, 30 Day Average SOFR + CSA + <br> 0.95% (a) (b) | 5.41% | 05/25/49 | $433055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3650411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-INV3, Class A11, 30 Day Average SOFR + CSA + <br> 0.95% (a) (b) | 5.41% | 08/25/49 | 3502565 |
|  | COLT Mortgage Loan Trust | COLT Mortgage Loan Trust | COLT Mortgage Loan Trust | COLT Mortgage Loan Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1892197 | &nbsp;&nbsp;&nbsp; Series 2020-2R, Class A1 (a) | 1.33% | 10/26/65 | 1766559 |
|  | Connecticut Avenue Securities Trust | Connecticut Avenue Securities Trust | Connecticut Avenue Securities Trust | Connecticut Avenue Securities Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 3625645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R04, Class 1A1, 30 Day Average SOFR + <br> 1.00% (a) (b) | 5.35% | 05/25/44 | 3628932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12655405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R05, Class 2A1, 30 Day Average SOFR + <br> 1.00% (a) (b) | 5.35% | 07/25/44 | 12677941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1224764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R06, Class 1A1, 30 Day Average SOFR + <br> 1.15% (a) (b) | 5.50% | 09/25/44 | 1227751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5427335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R01, Class 1A1, 30 Day Average SOFR + <br> 0.95% (a) (b) | 5.30% | 01/25/45 | 5427106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11432307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R02, Class 1A1, 30 Day Average SOFR + <br> 1.00% (a) (b) | 5.35% | 02/25/45 | 11438744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12807570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R03, Class 2A1, 30 Day Average SOFR + <br> 1.45% (a) (b) | 5.80% | 03/25/45 | 12878291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R05, Class 2A1, 30 Day Average SOFR + <br> 1.00% (a) (b) | 5.32% | 07/25/45 | 14923289 |
|  | Credit Suisse Mortgage Trust | Credit Suisse Mortgage Trust | Credit Suisse Mortgage Trust | Credit Suisse Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 3038687 | &nbsp;&nbsp;&nbsp; Series 2019-AFC1, Class A1 (a) | 3.57% | 07/25/49 | 2925143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2642543 | &nbsp;&nbsp;&nbsp; Series 2020-NQM1, Class A1 (a) | 2.21% | 05/25/65 | 2504340 |
|  | Fannie Mae Connecticut Avenue Securities | Fannie Mae Connecticut Avenue Securities | Fannie Mae Connecticut Avenue Securities | Fannie Mae Connecticut Avenue Securities |
| &nbsp;&nbsp;&nbsp;&nbsp; 10532576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R04, Class 1A1, 30 Day Average SOFR + <br> 1.00% (a) (b) | 5.35% | 05/25/45 | 10538321 |
|  | 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; 9712500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-DNA2, Class A1, 30 Day Average SOFR + <br> 1.10% (a) (b) | 5.45% | 05/25/45 | 9727214 |
|  | GCAT Trust | GCAT Trust | GCAT Trust | GCAT Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1423836 | &nbsp;&nbsp;&nbsp; Series 2020-NQM1, Class A1 (a) | 3.25% | 01/25/60 | 1392797 |
|  | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-7, Class A11, 1 Mo. CME Term SOFR + CSA + <br> 0.90% (a) (b) | 5.37% | 02/25/50 | 2326693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-8, Class A11, 1 Mo. CME Term SOFR + CSA + <br> 0.85% (a) (b) | 5.32% | 03/25/50 | 139418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1588983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-INV1, Class A11, 1 Mo. CME Term SOFR + CSA + <br> 0.95% (a) (b) | 5.42% | 09/25/49 | 1525591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-LTV3, Class A11, 1 Mo. CME Term SOFR + CSA + <br> 0.85% (a) (b) | 5.32% | 03/25/50 | 56824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2918837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-2, Class A11, 1 Mo. CME Term SOFR + CSA + <br> 0.80% (a) (b) | 5.27% | 07/25/50 | 2806699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-LTV1, Class A11, 1 Mo. CME Term SOFR + CSA + <br> 1.00% (a) (b) | 5.43% | 06/25/50 | 134722 |
|  | OBX Trust | OBX Trust | OBX Trust | OBX Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1407244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-INV1, Class A11, 1 Mo. CME Term SOFR + CSA + <br> 0.90% (a) (b) | 5.33% | 12/25/49 | 1336873 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |  |
|  | Starwood Mortgage Residential Trust | Starwood Mortgage Residential Trust | Starwood Mortgage Residential Trust | Starwood Mortgage Residential Trust |
| $727360 | &nbsp;&nbsp;&nbsp; Series 2020-1, Class A1 (a) | 2.28% | 02/25/50 | $692026 |
|  |  |  |  | 107775865 |
|  | **Commercial Mortgage-Backed Securities — 0.5%** | **Commercial Mortgage-Backed Securities — 0.5%** | **Commercial Mortgage-Backed Securities — 0.5%** |  |
|  | BANK | BANK | BANK | BANK |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932496 | &nbsp;&nbsp;&nbsp; Series 2017-BNK6, Class ASB | 3.29% | 07/15/60 | 924680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112009 | &nbsp;&nbsp;&nbsp; Series 2017-BNK7, Class ASB | 3.27% | 09/15/60 | 110562 |
|  | Barclays Commercial Mortgage Trust | Barclays Commercial Mortgage Trust | Barclays Commercial Mortgage Trust | Barclays Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 2060692 | &nbsp;&nbsp;&nbsp; Series 2019-C5, Class ASB | 2.99% | 11/15/52 | 2007088 |
|  | BBCMS Mortgage Trust | BBCMS Mortgage Trust | BBCMS Mortgage Trust | BBCMS Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169710 | &nbsp;&nbsp;&nbsp; Series 2018-C2, Class ASB | 4.24% | 12/15/51 | 168907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73855 | &nbsp;&nbsp;&nbsp; Series 2021-C9, Class A1 | 0.49% | 02/15/54 | 73011 |
|  | Benchmark Mortgage Trust | Benchmark Mortgage Trust | Benchmark Mortgage Trust | Benchmark Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1511314 | &nbsp;&nbsp;&nbsp; Series 2021-B29, Class A1 | 0.71% | 09/15/54 | 1477161 |
|  | CD Mortgage Trust | CD Mortgage Trust | CD Mortgage Trust | CD Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 487885 | &nbsp;&nbsp;&nbsp; Series 2016-CD2, Class ASB | 3.35% | 11/10/49 | 483495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2981647 | &nbsp;&nbsp;&nbsp; Series 2017-CD3, Class AAB | 3.45% | 02/10/50 | 2952326 |
|  | CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25304 | &nbsp;&nbsp;&nbsp; Series 2016-C4, Class ASB | 3.09% | 05/10/58 | 25266 |
|  | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1408628 | &nbsp;&nbsp;&nbsp; Series 2016-C2, Class AAB | 2.71% | 08/10/49 | 1405586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 482207 | &nbsp;&nbsp;&nbsp; Series 2016-C3, Class AAB | 2.98% | 11/15/49 | 479379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93163 | &nbsp;&nbsp;&nbsp; Series 2016-GC36, Class AAB | 3.37% | 02/10/49 | 92975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94819 | &nbsp;&nbsp;&nbsp; Series 2016-GC37, Class AAB | 3.10% | 04/10/49 | 94664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 357547 | &nbsp;&nbsp;&nbsp; Series 2017-P7, Class AAB | 3.51% | 04/14/50 | 354758 |
|  | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149897 | &nbsp;&nbsp;&nbsp; Series 2017-CX10, Class ASB | 3.33% | 11/15/50 | 148428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 951785 | &nbsp;&nbsp;&nbsp; Series 2019-C15, Class ASB | 3.90% | 03/15/52 | 942771 |
|  | DBJPM 16-C1 Mortgage Trust | DBJPM 16-C1 Mortgage Trust | DBJPM 16-C1 Mortgage Trust | DBJPM 16-C1 Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 2016277 | &nbsp;&nbsp;&nbsp; Series 2016-C1, Class ASB | 3.04% | 05/10/49 | 2008966 |
|  | GS Mortgage Securities Trust | GS Mortgage Securities Trust | GS Mortgage Securities Trust | GS Mortgage Securities Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 772816 | &nbsp;&nbsp;&nbsp; Series 2015-GS1, Class A2 | 3.47% | 11/10/48 | 770898 |
|  | 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 (a) | 3.72% | 11/05/38 | 982561 |
|  | JPMCC Commercial Mortgage Securities Trust | JPMCC Commercial Mortgage Securities Trust | JPMCC Commercial Mortgage Securities Trust | JPMCC Commercial Mortgage Securities Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1180953 | &nbsp;&nbsp;&nbsp; Series 2017-JP5, Class ASB | 3.55% | 03/15/50 | 1168330 |
|  | 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 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 279097 | &nbsp;&nbsp;&nbsp; Series 2016-C29, Class ASB | 3.14% | 05/15/49 | 278217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215207 | &nbsp;&nbsp;&nbsp; Series 2017-C33, Class ASB | 3.40% | 05/15/50 | 213292 |
|  | Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1141401 | &nbsp;&nbsp;&nbsp; Series 2016-BNK2, Class ASB | 2.86% | 11/15/49 | 1132089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1994825 | &nbsp;&nbsp;&nbsp; Series 2016-UB11, Class ASB | 2.61% | 08/15/49 | 1979258 |
|  | UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 452079 | &nbsp;&nbsp;&nbsp; Series 2017-C6, Class ASB | 3.50% | 12/15/50 | 446481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6630676 | &nbsp;&nbsp;&nbsp; Series 2018-C9, Class ASB | 4.09% | 03/15/51 | 6577023 |
|  | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34903 | &nbsp;&nbsp;&nbsp; Series 2016-C33, Class ASB | 3.19% | 03/15/59 | 34833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55086 | &nbsp;&nbsp;&nbsp; Series 2016-NXS6, Class ASB | 2.83% | 11/15/49 | 54967 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (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)** |  |
|  | Wells Fargo Commercial Mortgage Trust (Continued) | Wells Fargo Commercial Mortgage Trust (Continued) | Wells Fargo Commercial Mortgage Trust (Continued) | Wells Fargo Commercial Mortgage Trust (Continued) |
| $2457047 | &nbsp;&nbsp;&nbsp; Series 2017-C40, Class ASB | 3.40% | 10/15/50 | $2427823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111201 | &nbsp;&nbsp;&nbsp; Series 2017-C41, Class ASB | 3.39% | 11/15/50 | 110101 |
|  |  |  |  | 29925896 |
|  | **Total Mortgage-Backed Securities** | **Total Mortgage-Backed Securities** | **Total Mortgage-Backed Securities** | 137701761 |
|  | (Cost $138,793,633) | (Cost $138,793,633) | (Cost $138,793,633) |  |
| **U.S. GOVERNMENT BONDS AND NOTES — 0.5%** | **U.S. GOVERNMENT BONDS AND NOTES — 0.5%** | **U.S. GOVERNMENT BONDS AND NOTES — 0.5%** | **U.S. GOVERNMENT BONDS AND NOTES — 0.5%** | **U.S. GOVERNMENT BONDS AND NOTES — 0.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 33000000 | U.S. Treasury Note  | 4.38% | 07/15/27 | 33262969 |
|  | (Cost $33,284,408) |  |  |  |
| **CERTIFICATES OF DEPOSIT — 0.2%** | **CERTIFICATES OF DEPOSIT — 0.2%** | **CERTIFICATES OF DEPOSIT — 0.2%** | **CERTIFICATES OF DEPOSIT — 0.2%** | **CERTIFICATES OF DEPOSIT — 0.2%** |
|  | **Banks — 0.2%** | **Banks — 0.2%** | **Banks — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15000000 | Cooperatieve Rabobank U.A., SOFR + 0.22% (b) | 4.54% | 03/06/26 | 15000820 |
|  | (Cost $15,000,000) |  |  |  |
| **U.S. TREASURY BILLS — 1.3%** | **U.S. TREASURY BILLS — 1.3%** | **U.S. TREASURY BILLS — 1.3%** | **U.S. TREASURY BILLS — 1.3%** | **U.S. TREASURY BILLS — 1.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 45000000 | U.S. Treasury Bill  | (f) | 08/12/25 | 44941288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 37000000 | U.S. Treasury Bill  | (f) | 08/21/25 | 36911796 |
|  | **Total U.S. Treasury Bills** | **Total U.S. Treasury Bills** | **Total U.S. Treasury Bills** | 81853084 |
|  | (Cost $81,853,337) | (Cost $81,853,337) | (Cost $81,853,337) |  |
|  | **Total Investments — 101.3%** | **Total Investments — 101.3%** | **Total Investments — 101.3%** | 6312020703 |
|  | (Cost $6,299,384,881) | (Cost $6,299,384,881) | (Cost $6,299,384,881) |  |
|  | **Net Other Assets and Liabilities — (1.3)%** | **Net Other Assets and Liabilities — (1.3)%** | **Net Other Assets and Liabilities — (1.3)%** | (82813035)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $6229207668 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) 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 July 31, 2025, securities noted as such amounted to $1,031,355,761
 or 16.6% of net assets.

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

&nbsp;&nbsp;&nbsp;&nbsp;(c) Fixed-to-floating or fixed-to-variable rate security. The interest rate shown reflects
 the fixed rate in effect at July 31, 2025. At a predetermined date, the fixed rate will change to a floating rate or a variable rate.

&nbsp;&nbsp;&nbsp;&nbsp;(d) When-issued security. The interest rate shown reflects the rate in effect at July
 31, 2025. Interest will begin accruing on the security's first settlement date.

&nbsp;&nbsp;&nbsp;&nbsp;(e) 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;(f) Zero coupon security.

&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 |

---

------

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

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

------

**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 July 31, 2025 is as follows:

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**7/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Corporate Bonds and Notes\* | $2624027463 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2624027463 | &nbsp;&nbsp; $— |
| Commercial Paper\* | 1568959086 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1568959086 | &nbsp;&nbsp; — |
| Asset-Backed Securities | 1263379480 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1263379480 | &nbsp;&nbsp; — |
| Foreign Corporate Bonds and Notes\* | 439318314 | &nbsp;&nbsp; — | &nbsp;&nbsp; 439318314 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; U.S. Government Agency Mortgage-Backed <br> Securities<br>| 148517726 | &nbsp;&nbsp; — | &nbsp;&nbsp; 148517726 | &nbsp;&nbsp; — |
| Mortgage-Backed Securities | 137701761 | &nbsp;&nbsp; — | &nbsp;&nbsp; 137701761 | &nbsp;&nbsp; — |
| U.S. Government Bonds and Notes | 33262969 | &nbsp;&nbsp; — | &nbsp;&nbsp; 33262969 | &nbsp;&nbsp; — |
| Certificates of Deposit\* | 15000820 | &nbsp;&nbsp; — | &nbsp;&nbsp; 15000820 | &nbsp;&nbsp; — |
| U.S. Treasury Bills | 81853084 | &nbsp;&nbsp; — | &nbsp;&nbsp; 81853084 | &nbsp;&nbsp; — |
| Total Investments | $6312020703 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $6312020703 | &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:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $6348741057.48

**Total Liabilities:** $119533389.57

**Net Assets:** $6229207667.91

**Delayed Delivery Securities:** $74470000.00

**Cash Not Reported:** $344086.19

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 56958.89449000 | **1-Year:** 373529.40460000 | **5-Year:** 108814.98884000 | **10-Year:** 3303.53663000 | **30-Year:** 0.00000000

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

- **3-Month:** 1092.56840000 | **1-Year:** 4054.40451000 | **5-Year:** 843.70510000 | **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%                | 0.44%                | 0.26%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $453213.69               | $-4958674.64                               |
| Month 2  | $754355.77               | $5845935.26                                |
| Month 3  | $1055500.62              | $-6987964.04                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fannie Mae - CAS                    | Connecticut Avenue Securities Trust 2025-R04                  | CUSIP: 20755TAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10532576 | PA      | $10538320.83  | 0.17%             | 2045-05-25      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO               | Becton Dickinson & Co                                         | CUSIP: 075887CQ0<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10081290.10  | 0.16%             | 2028-02-13      | Fixed         | 4.69%                 | 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        |   5275000 | PA      | $5286582.85   | 0.08%             | 2027-03-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| NATIONALAUSTRFRN3/26                | NATIONALAUSTRFRN3/26                                          | CUSIP: 63254GT88<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |  25000000 | PA      | $25000000.00  | 0.40%             | 2026-03-05      | Floating      | 4.68%                 | 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        |  20175000 | PA      | $20198497.82  | 0.32%             | 2027-07-20      | Fixed         | 4.63%                 | 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        |   5845051 | PA      | $5804519.90   | 0.09%             | 2028-02-25      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund             | Dryden 41 Senior Loan Fund                                    | CUSIP: 26244KAN6<br>LEI: 5493000CMI5L15ZSNM78 | Long             | ABS-CBDO         | CORP              | KY        |    189435 | PA      | $189632.59    | 0.00%             | 2031-04-15      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                    | Crown Castle Inc                                              | CUSIP: 22822VAB7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |  35000000 | PA      | $34957543.95  | 0.56%             | 2026-02-15      | Fixed         | 4.45%                 | 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        |   4498000 | PA      | $4502626.64   | 0.07%             | 2027-12-15      | Floating      | 4.73%                 | 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        |    169710 | PA      | $168906.61    | 0.00%             | 2051-12-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTL HLDINGS NE            | Mondelez International Holdings Netherlands BV                | CUSIP: 60920LAS3<br>LEI: 549300CW356R8I7N8D33 | Long             | DBT              | CORP              | NL        |   9955000 | PA      | $9949274.38   | 0.16%             | 2025-09-15      | Fixed         | 4.25%                 | 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        |  10000000 | PA      | $10002544.00  | 0.16%             | 2026-08-17      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Citizens Auto Receivables Trus      | Citizens Auto Receivables Trust 2024-1                        | CUSIP: 17331QAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1578984 | PA      | $1579448.45   | 0.03%             | 2026-10-15      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                     | OHA Credit Funding 12-R Ltd                                   | CUSIP: 676916AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3570000 | PA      | $3569950.14   | 0.06%             | 2037-07-20      | Floating      | 0.01%                 | 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        |  23559975 | PA      | $23569160.68  | 0.38%             | 2030-08-22      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                    | Berry Global Inc                                              | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24985725.00  | 0.40%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON             | Bank of New York Mellon/The                                   | CUSIP: 06405LAH4<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2021532.52   | 0.03%             | 2029-04-20      | Fixed         | 4.73%                 | 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        |  11432307 | PA      | $11438744.15  | 0.18%             | 2045-02-25      | Floating      | 5.35%                 | 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        |  10510775 | PA      | $10510924.02  | 0.17%             | 2027-02-22      | Floating      | 4.79%                 | 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        |    727360 | PA      | $692025.96    | 0.01%             | 2050-02-25      | Variable      | 2.27%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                        | AGL Core CLO 36 Ltd                                           | CUSIP: 00121WAA1<br>LEI: 2549000U240BORO02Z85 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249902.02    | 0.00%             | 2038-01-23      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobi      | GM Financial Consumer Automobile Receivables Trust 2024-4     | CUSIP: 38014AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12540001 | PA      | $12547359.37  | 0.20%             | 2027-10-18      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                | Kraft Heinz Foods Co                                          | CUSIP: 50077LBC9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19764129.00  | 0.32%             | 2027-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                 | Global Payments Inc                                           | CUSIP: 891906AC3<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   5010000 | PA      | $5010552.95   | 0.08%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                   | Brown & Brown Inc                                             | CUSIP: 115236AH4<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2004137.70   | 0.03%             | 2026-12-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                      | CarVal CLO I Ltd                                              | CUSIP: 146865AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    801407 | PA      | $803410.85    | 0.01%             | 2031-07-16      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMIT                | MACQUARIE BANK LIMIT                                          | CUSIP: 55607NA59<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25000000.00  | 0.40%             | 2026-01-27      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC              | Roper Technologies Inc                                        | CUSIP: 776743AM8<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   9348000 | PA      | $9303162.69   | 0.15%             | 2025-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                          | VMware LLC                                                    | CUSIP: 928563AE5<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |  20765000 | PA      | $20840004.01  | 0.33%             | 2027-05-15      | Fixed         | 4.65%                 | 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        |   7500000 | PA      | $7499298.75   | 0.12%             | 2028-11-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC            | Marsh & McLennan Cos Inc                                      | CUSIP: 571748BY7<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |   9485000 | PA      | $9544480.53   | 0.15%             | 2027-11-08      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY               | Wells Fargo & Co                                              | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15296374.65  | 0.25%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| American Money Management Corp      | AMMC CLO 18 Ltd                                               | CUSIP: 001746AN6<br>LEI: 549300F8C2GVHBFFH173 | Long             | ABS-CBDO         | CORP              | KY        |    154912 | PA      | $155006.52    | 0.00%             | 2031-05-26      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD                   | Battalion CLO IX Ltd                                          | CUSIP: 07132EAS4<br>LEI: 549300JMWGEYZEC6GK98 | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $10008590.00  | 0.16%             | 2031-07-15      | Floating      | 0.01%                 | 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      | $10098962.00  | 0.16%             | 2029-12-17      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| HCA INC                             | HCA Inc                                                       | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8089895.60   | 0.13%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobi      | Gm Financial Consumer Automobile Receivables Trust 2025-3     | CUSIP: 379957AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2501286.00   | 0.04%             | 2028-06-16      | Floating      | 4.64%                 | 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        |  13395000 | PA      | $13422529.40  | 0.22%             | 2029-01-16      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO             | Arthur J Gallagher & Co                                       | CUSIP: 04316JAK5<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |  23000000 | PA      | $23088688.46  | 0.37%             | 2027-12-15      | Fixed         | 4.60%                 | 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        |  13061208 | PA      | $13063049.22  | 0.21%             | 2027-08-16      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                    | Symphony CLO XV Ltd                                           | CUSIP: 87154EBE9<br>LEI: 549300JNP1PJXORD0Y06 | Long             | ABS-CBDO         | CORP              | KY        |    693944 | PA      | $695237.73    | 0.01%             | 2032-01-17      | Floating      | 5.66%                 | 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        |   6250000 | PA      | $6276180.00   | 0.10%             | 2028-04-20      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage       | Citigroup Commercial Mortgage Trust 2016-C3                   | CUSIP: 17325GAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    482207 | PA      | $479379.44    | 0.01%             | 2049-11-15      | Fixed         | 2.98%                 | 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        |   9712500 | PA      | $9727214.44   | 0.16%             | 2045-05-25      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA            | Volkswagen Group of America Finance LLC                       | CUSIP: 928668BU5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5005212.00   | 0.08%             | 2025-09-12      | Fixed         | 5.80%                 | 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      | $25248568.50  | 0.41%             | 2027-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                        | Stryker Corp                                                  | CUSIP: 863667AN1<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19872116.40  | 0.32%             | 2026-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                        | Enbridge Inc                                                  | CUSIP: 29250NBH7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   4605000 | PA      | $4449917.92   | 0.07%             | 2026-10-04      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| KELLANOVA 0%, due 08                | KELLANOVA 0%, due 08                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11213000 | PA      | $11198877.87  | 0.18%             | 2025-08-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WRKCO INC 0%, due 08                | WRKCO INC 0%, due 08                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14949124.45  | 0.24%             | 2025-08-28      | None          | 0.00%                 | 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        |   1188718 | PA      | $1188918.03   | 0.02%             | 2027-04-15      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| FISERV INC                          | Fiserv Inc                                                    | CUSIP: 337738AT5<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |  25088000 | PA      | $24792059.69  | 0.40%             | 2026-07-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| RECKITT BENCKISER GROUP             | RECKITT BENCKISER TS                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12600000 | PA      | $12590528.69  | 0.20%             | 2025-08-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FISERV INC                          | Fiserv Inc                                                    | CUSIP: 337738BJ6<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |  20986000 | PA      | $21198150.41  | 0.34%             | 2027-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                | BlueMountain CLO XXVIII Ltd                                   | CUSIP: 09630PAL7<br>LEI: 5493001GLQHON6UV2U40 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3997871.57   | 0.06%             | 2038-03-31      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                         | Freddie Mac Gold Pool                                         | CUSIP: 3128MEXB2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         9 | PA      | $9.13         | 0.00%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC             | AEP Transmission Co LLC                                       | CUSIP: 00115AAE9<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |   4275000 | PA      | $4208298.84   | 0.07%             | 2026-12-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                         | Oracle Corp                                                   | CUSIP: 68389XCF0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  17000000 | PA      | $17055720.22  | 0.27%             | 2025-11-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust        | CSMC 2020-NQM1 Trust                                          | CUSIP: 126401AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2642542 | PA      | $2504339.91   | 0.04%             | 2065-05-25      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INTL CORP              | CROWN CASTLE INTL CORP                                        | CUSIP: 22823PV59<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19989133.33  | 0.32%             | 2025-08-05      | None          | 0.00%                 | 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        |   6131213 | PA      | $6087366.58   | 0.10%             | 2030-06-25      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                | Royal Bank of Canada                                          | CUSIP: 78016HZX1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  15000000 | PA      | $15069893.25  | 0.24%             | 2027-07-23      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP             | John Deere Capital Corp                                       | CUSIP: 24422EYA1<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15038846.70  | 0.24%             | 2028-03-06      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK              | Canadian Imperial Bank of Commerce                            | CUSIP: 13607PH98<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $10082906.00  | 0.16%             | 2029-03-30      | Fixed         | 4.86%                 | 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      | $25001396.25  | 0.40%             | 2026-03-13      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd       | Corevest American Finance 2020-2 Trust                        | CUSIP: 21872VAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1798465 | PA      | $1786746.26   | 0.03%             | 2052-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                           | Amgen Inc                                                     | CUSIP: 031162DN7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7000055.37   | 0.11%             | 2026-03-02      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING FRN 04/26           | WESTPAC BANKING FRN 04/26                                     | CUSIP: 9612C47F2<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |  25000000 | PA      | $25000000.00  | 0.40%             | 2026-04-13      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund             | Dryden 75 CLO Ltd                                             | CUSIP: 26252JAS7<br>LEI: 254900JFO9XUH2EREJ70 | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $10022857.60  | 0.16%             | 2034-04-15      | Floating      | 5.62%                 | 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        |   3073856 | PA      | $3080239.23   | 0.05%             | 2027-01-15      | Fixed         | 5.39%                 | 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        |  13324806 | PA      | $13193074.13  | 0.21%             | 2028-04-25      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC              | GE HealthCare Technologies Inc                                | CUSIP: 36267VAF0<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25637578.25  | 0.41%             | 2027-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                | Keurig Dr Pepper Inc                                          | CUSIP: 49271VAZ3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4992990.85   | 0.08%             | 2028-05-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                 | American Express Co                                           | CUSIP: 025816DT3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  16000000 | PA      | $16118965.44  | 0.26%             | 2027-04-23      | Fixed         | 5.64%                 | 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      | $1001216.23   | 0.02%             | 2036-07-17      | Floating      | 5.37%                 | 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        |  10668000 | PA      | $10741785.22  | 0.17%             | 2028-08-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| HALEON US CAPITAL LLC               | Haleon US Capital LLC                                         | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |  20252000 | PA      | $19919642.61  | 0.32%             | 2027-03-24      | Fixed         | 3.38%                 | 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      | $8903949.36   | 0.14%             | 2026-08-25      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| JERSEY CENTRAL PWR & LT             | Jersey Central Power & Light Co                               | CUSIP: 476556DC6<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |   3765000 | PA      | $3755680.72   | 0.06%             | 2026-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                         | Citibank NA                                                   | CUSIP: 17325FBQ0<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10048373.90  | 0.16%             | 2027-05-29      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| CIM Trust                           | CIM Trust 2019-INV2                                           | CUSIP: 12554TAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    449597 | PA      | $433054.54    | 0.01%             | 2049-05-25      | Floating      | 5.41%                 | 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        |   2782558 | PA      | $2787427.62   | 0.04%             | 2028-02-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                 | PFS Financing Corp                                            | CUSIP: 69335PFW0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10009001.00  | 0.16%             | 2029-04-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE US INC 0%,                 | ENBRIDGE US INC 0%,                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19984753.65  | 0.32%             | 2025-08-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WILLIS NORTH AMERICA INC            | Willis North America Inc                                      | CUSIP: 970648AL5<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10051363.20  | 0.16%             | 2027-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC              | GE HealthCare Technologies Inc                                | CUSIP: 36267VAD5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30054276.00  | 0.48%             | 2025-11-15      | Fixed         | 5.60%                 | 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        |  12817562 | PA      | $12842379.47  | 0.21%             | 2026-11-20      | Fixed         | 5.39%                 | 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        |   5719825 | PA      | $5715113.46   | 0.09%             | 2026-09-25      | Floating      | 4.49%                 | 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        |   8000000 | PA      | $8007664.00   | 0.13%             | 2028-05-15      | Floating      | 5.02%                 | 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      | $19266186.60  | 0.31%             | 2026-09-24      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS HOLDINGS INC            | BAE Systems Holdings Inc                                      | CUSIP: 05523UAP5<br>LEI: MF62XBVMNYTYMC18DL76 | Long             | DBT              | CORP              | US        |  21049000 | PA      | $20985232.90  | 0.34%             | 2025-12-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                    | Symphony CLO XXIX Ltd                                         | CUSIP: 87168GAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4002056.00   | 0.06%             | 2035-10-15      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK               | Toronto-Dominion Bank/The                                     | CUSIP: 89115A3E0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   5385000 | PA      | $5443768.66   | 0.09%             | 2028-01-31      | Fixed         | 4.86%                 | 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      | $1506852.36   | 0.02%             | 2034-07-15      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| DLLAA LLC                           | DLLAA 2025-1 LLC                                              | CUSIP: 233249AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $6007183.80   | 0.10%             | 2027-10-20      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                     | Cigna Group/The                                               | CUSIP: 125523CB4<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |  17478000 | PA      | $17208577.85  | 0.28%             | 2027-03-01      | Fixed         | 3.40%                 | 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        |   7500000 | PA      | $7496208.00   | 0.12%             | 2029-06-15      | Fixed         | 4.54%                 | 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      | $7498201.88   | 0.12%             | 2031-01-15      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE            | Intercontinental Exchange Inc                                 | CUSIP: 45866FAF1<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |   5375000 | PA      | $5242108.50   | 0.08%             | 2027-09-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage       | Citigroup Commercial Mortgage Trust 2016-C2                   | CUSIP: 17291CBS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1408628 | PA      | $1405585.76   | 0.02%             | 2049-08-10      | Fixed         | 2.71%                 | 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        |   7426064 | PA      | $7432873.84   | 0.12%             | 2028-02-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CIM Trust                           | CIM Trust 2019-INV3                                           | CUSIP: 12557LBK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3650411 | PA      | $3502564.74   | 0.06%             | 2049-08-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & CO                      | McCormick & Co Inc/MD                                         | CUSIP: 579780AN7<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24537296.25  | 0.39%             | 2027-08-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S      | Barclays Commercial Mortgage Trust 2019-C5                    | CUSIP: 05492JAU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2060692 | PA      | $2007088.25   | 0.03%             | 2052-11-15      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S      | BBCMS Mortgage Trust 2021-C9                                  | CUSIP: 05493EAU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     73855 | PA      | $73011.00     | 0.00%             | 2054-02-15      | Fixed         | 0.49%                 | No            |                  2 | On Loan: No      |
| SWEDBANK FRN 04/26                  | SWEDBANK FRN 04/26                                            | CUSIP: 87020YFK9<br>LEI: N/A                  | Long             | DBT              | CORP              | SE        |  15000000 | PA      | $15000000.00  | 0.24%             | 2026-04-15      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust        | CSMC 2019-AFC1 Trust                                          | CUSIP: 12596XAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3038687 | PA      | $2925142.95   | 0.05%             | 2049-07-25      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| WAL-MART 02/05/08 4.0%              | WALMART INC 0%, due                                           | CUSIP: 93114EV46<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24991023.44  | 0.40%             | 2025-08-04      | None          | 0.00%                 | 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        |  12807570 | PA      | $12878290.61  | 0.21%             | 2045-03-25      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPE                | PLAINS ALL AMER PIPE                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25000000.00  | 0.40%             | 2025-08-01      | None          | 0.00%                 | 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      | $28104686.68  | 0.45%             | 2027-03-18      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| RECKITT BENCKISER GROUP             | RECKITT BENCKISER 8/25                                        | CUSIP: 7562E0VM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15400000 | PA      | $15361199.39  | 0.25%             | 2025-08-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                          | VMware LLC                                                    | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |  23165000 | PA      | $22446622.08  | 0.36%             | 2026-08-15      | Fixed         | 1.40%                 | 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        |  12000000 | PA      | $12098774.76  | 0.19%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRINITY ACQUISITION PLC             | Trinity Acquisition PLC                                       | CUSIP: 89641UAC5<br>LEI: 549300FJZWZN6MJNGB63 | Long             | DBT              | CORP              | GB        |  30360000 | PA      | $30317976.90  | 0.49%             | 2026-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                      | Fannie Mae-Aces                                               | CUSIP: 3136ASVZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    939530 | PA      | $923644.32    | 0.01%             | 2026-05-25      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                   | Brown & Brown Inc                                             | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4013962.92   | 0.06%             | 2028-06-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ZOETIS INC                          | Zoetis Inc                                                    | CUSIP: 98978VAU7<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30044732.70  | 0.48%             | 2025-11-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP            | Toyota Motor Credit Corp                                      | CUSIP: 89236TMR3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15016397.25  | 0.24%             | 2026-04-10      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae REMICS                                             | CUSIP: 3136AJSW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    937028 | PA      | $920574.65    | 0.01%             | 2033-06-25      | Fixed         | 3.00%                 | 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        |  10218750 | PA      | $10269906.03  | 0.16%             | 2044-08-25      | Floating      | 5.60%                 | 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        |   3500000 | PA      | $3504520.60   | 0.06%             | 2027-11-22      | Floating      | 4.90%                 | 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      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATION                | MONDELEZ INTERNATION                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14986721.49  | 0.24%             | 2025-08-08      | None          | 0.00%                 | 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        |   4500000 | PA      | $4504973.40   | 0.07%             | 2028-02-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECHNOLOGIE                | L3HARRIS TECHNOLOGIE                                          | CUSIP: 50248BVD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14977226.97  | 0.24%             | 2025-08-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCH                | INTERCONTINENTALEXCH                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14988687.22  | 0.24%             | 2025-08-07      | None          | 0.00%                 | 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        |    357547 | PA      | $354757.57    | 0.01%             | 2050-04-14      | Fixed         | 3.51%                 | 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        |   5197630 | PA      | $5209601.92   | 0.08%             | 2027-02-16      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| CRH AMERICA FINANCE                 | CRH AMERICA FINANCE                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14960049.40  | 0.24%             | 2025-08-22      | None          | 0.00%                 | 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        |   7200000 | PA      | $7279760.16   | 0.12%             | 2028-08-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                    | Crown Castle Inc                                              | CUSIP: 22822VAC5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $29759184.30  | 0.48%             | 2026-06-15      | Fixed         | 3.70%                 | 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        |   1180953 | PA      | $1168330.14   | 0.02%             | 2050-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                      | Fannie Mae-Aces                                               | CUSIP: 3136ATYT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1258647 | PA      | $1236102.70   | 0.02%             | 2026-06-25      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP 0%, due                 | ORACLE CORP 0%, due                                           | CUSIP: 6840C2VU6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14948455.33  | 0.24%             | 2025-08-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MEDTRONIC GLOB HLDS                 | MEDTRONIC GLOB HLDS                                           | CUSIP: 58507AVN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14961873.00  | 0.24%             | 2025-08-22      | None          | 0.00%                 | 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        |   8000000 | PA      | $8006524.80   | 0.13%             | 2028-10-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC 0%, D                | AUTONATION INC 0%, D                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  65000000 | PA      | $65000000.00  | 1.04%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                | Kraft Heinz Foods Co                                          | CUSIP: 50077LAD8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24677591.25  | 0.40%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCH                | INTERCONTINENTALEXCH                                          | CUSIP: 45856WVJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19957484.06  | 0.32%             | 2025-08-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust             | Carmax Auto Owner Trust 2025-3                                | CUSIP: 14290FAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5001729.00   | 0.08%             | 2028-08-15      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                        | UBS Group AG                                                  | CUSIP: 902613AS7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  10000000 | PA      | $10004280.10  | 0.16%             | 2027-08-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY               | Wells Fargo & Co                                              | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15081693.00  | 0.24%             | 2028-01-24      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA B                | NATIONAL AUSTRALIA B                                          | CUSIP: 63254GL78<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15000000.00  | 0.24%             | 2025-10-01      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                | KEURIG DR PEPPER INC                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14988688.64  | 0.24%             | 2025-08-07      | None          | 0.00%                 | 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      | $3972040.58   | 0.06%             | 2035-10-23      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| Bank                                | BANK 2017-BNK7                                                | CUSIP: 06541XAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    112009 | PA      | $110562.35    | 0.00%             | 2060-09-15      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag      | Wells Fargo Commercial Mortgage Trust 2016-NXS6               | CUSIP: 95000KBC8<br>LEI: 549300CFP9NBBMZH1008 | Long             | ABS-MBS          | CORP              | US        |     55086 | PA      | $54966.90     | 0.00%             | 2049-11-15      | Fixed         | 2.83%                 | 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        |   6000000 | PA      | $6020530.80   | 0.10%             | 2027-09-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE US INC 0%,                 | ENBRIDGE US INC 0%,                                           | CUSIP: 29251UVF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14973284.01  | 0.24%             | 2025-08-15      | None          | 0.00%                 | 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        |   6465145 | PA      | $6474988.90   | 0.10%             | 2027-03-15      | Fixed         | 4.77%                 | 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      | $15094231.80  | 0.24%             | 2028-04-23      | Fixed         | 4.94%                 | 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      | $15033874.02  | 0.24%             | 2034-04-20      | Floating      | 5.42%                 | 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        |   5000000 | PA      | $5003750.00   | 0.08%             | 2035-07-29      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & COMPANY                 | MCCORMICK & COMPANY                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9500000 | PA      | $9496433.49   | 0.15%             | 2025-08-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC            | Lloyds Banking Group PLC                                      | CUSIP: 53944YAP8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $4883463.60   | 0.08%             | 2027-05-11      | Fixed         | 1.63%                 | 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        |   2221344 | PA      | $2227736.51   | 0.04%             | 2027-08-16      | Fixed         | 5.34%                 | 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      | $6001453.20   | 0.10%             | 2028-09-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES               | TransCanada PipeLines Ltd                                     | CUSIP: 89352HAT6<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |  25000000 | PA      | $24999771.75  | 0.40%             | 2026-01-15      | Fixed         | 4.88%                 | 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        |   1242823 | PA      | $1243247.90   | 0.02%             | 2028-01-18      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                   | Sysco Corp                                                    | CUSIP: 871829AZ0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |  25296000 | PA      | $25253984.10  | 0.41%             | 2025-10-01      | Fixed         | 3.75%                 | 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        |   4581913 | PA      | $4595748.33   | 0.07%             | 2027-09-15      | Fixed         | 5.78%                 | 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        |  20000000 | PA      | $20017160.00  | 0.32%             | 2033-07-15      | Floating      | 0.01%                 | 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        |    487885 | PA      | $483494.99    | 0.01%             | 2049-11-10      | Fixed         | 3.35%                 | 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        |   3209747 | PA      | $3219231.91   | 0.05%             | 2027-08-16      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                   | Expedia Group Inc                                             | CUSIP: 30212PAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5002066.60   | 0.08%             | 2026-02-15      | Fixed         | 5.00%                 | 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        |   8514095 | PA      | $8517111.78   | 0.14%             | 2028-02-15      | Floating      | 4.66%                 | 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        |   6000000 | PA      | $6007762.80   | 0.10%             | 2028-08-15      | Floating      | 4.81%                 | 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      | $14072651.60  | 0.23%             | 2028-06-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae REMICS                                             | CUSIP: 3136BWAA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  19108193 | PA      | $18711516.48  | 0.30%             | 2036-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust            | Benchmark 2021-B29 Mortgage Trust                             | CUSIP: 08163JAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1511314 | PA      | $1477161.33   | 0.02%             | 2054-09-15      | Fixed         | 0.71%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                      | Starbucks Corp                                                | CUSIP: 855244BE8<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   9600000 | PA      | $9601290.72   | 0.15%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MOLEX ELECTRONICS TECH              | Molex Electronic Technologies LLC                             | CUSIP: 60856BAE4<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |   6846000 | PA      | $6854541.27   | 0.11%             | 2028-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO S                | FIDELITY NATL INFO S                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14730000 | PA      | $14724330.33  | 0.24%             | 2025-08-04      | None          | 0.00%                 | 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        |    500000 | PA      | $501356.37    | 0.01%             | 2034-07-19      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                 | Elevance Health Inc                                           | CUSIP: 036752BG7<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |  14166000 | PA      | $14180303.41  | 0.23%             | 2026-10-30      | Fixed         | 4.50%                 | 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      | $5999482.80   | 0.10%             | 2028-09-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                        | Barclays PLC                                                  | CUSIP: 06738ECX1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   9412000 | PA      | $9519420.57   | 0.15%             | 2029-02-25      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd            | Madison Park Funding XLVIII Ltd                               | CUSIP: 55821UAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9001405 | PA      | $9020668.37   | 0.14%             | 2033-04-19      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM            | Amcor Flexibles North America Inc                             | CUSIP: 02344AAC2<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5031508.45   | 0.08%             | 2028-03-17      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP               | Northrop Grumman Corp                                         | CUSIP: 666807BK7<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4914402.30   | 0.08%             | 2027-02-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortg      | DBJPM 16-C1 Mortgage Trust                                    | CUSIP: 23312LAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2016277 | PA      | $2008965.91   | 0.03%             | 2049-05-10      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| UBS AG LONDON                       | UBS AG/London                                                 | CUSIP: 902674ZV5<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |  20000000 | PA      | $20023877.00  | 0.32%             | 2025-09-11      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                        | Comcast Corp                                                  | CUSIP: 20030NEA5<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   7127000 | PA      | $7285617.80   | 0.12%             | 2027-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                         | Citibank NA                                                   | CUSIP: 17325FBN7<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   9375000 | PA      | $9404272.78   | 0.15%             | 2027-05-29      | Fixed         | 4.58%                 | 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      | $982561.30    | 0.02%             | 2038-11-05      | Fixed         | 3.72%                 | 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        |   6000000 | PA      | $6013819.20   | 0.10%             | 2028-07-17      | Fixed         | 4.59%                 | 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        |   3625645 | PA      | $3628932.33   | 0.06%             | 2044-05-25      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                 | Elevance Health Inc                                           | CUSIP: 036752AV5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10007118.90  | 0.16%             | 2025-10-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| TR FINANCE LLC                      | TR Finance LLC                                                | CUSIP: 87268LAA5<br>LEI: 254900OWSTRTOV8P5W25 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $29648903.70  | 0.48%             | 2026-05-15      | Fixed         | 3.35%                 | 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        |  30000000 | PA      | $30077586.00  | 0.48%             | 2027-03-25      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELECTRIC AND POWER CP      | VIRGINIA ELECTRIC PO                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19954396.25  | 0.32%             | 2025-08-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                        | Stryker Corp                                                  | CUSIP: 863667BJ9<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |  19647000 | PA      | $19714035.17  | 0.32%             | 2027-02-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| SWEDBANK FRN 04/26                  | SWEDBANK FRN 04/26                                            | CUSIP: 87020YEW4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25000000.00  | 0.40%             | 2026-04-06      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                   | Sysco Corp                                                    | CUSIP: 871829BF3<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14690385.90  | 0.24%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                            | OZLM XVII Ltd                                                 | CUSIP: 67111NAQ7<br>LEI: 549300EERMFPZ487P195 | Long             | ABS-CBDO         | CORP              | KY        |   1963526 | PA      | $1964855.21   | 0.03%             | 2030-07-20      | Floating      | 5.48%                 | 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        |   8705964 | PA      | $8559445.05   | 0.14%             | 2027-10-25      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKI FRN 03/26           | AUST & NZ BANKI FRN 03/26                                     | CUSIP: 05253MYK4<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |  25000000 | PA      | $25000000.00  | 0.40%             | 2026-03-11      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                | WASTE MANAGEMENT INC                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19989809.87  | 0.32%             | 2025-08-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank                                | BANK 2017-BNK6                                                | CUSIP: 060352AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    932496 | PA      | $924680.29    | 0.01%             | 2060-07-15      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                      | Fannie Mae-Aces                                               | CUSIP: 3136AT5C4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2695321 | PA      | $2640649.35   | 0.04%             | 2026-07-25      | Variable      | 2.37%                 | No            |                  2 | On Loan: No      |
| FISERV INC 0%, due 0                | FISERV INC 0%, due 0                                          | CUSIP: 33774KVC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14979146.96  | 0.24%             | 2025-08-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Greywolf CLO Ltd                    | Greywolf CLO IV Ltd                                           | CUSIP: 39809TAW7<br>LEI: 5493008JNE27URH1VF66 | Long             | ABS-CBDO         | CORP              | KY        |  20000000 | PA      | $20015000.00  | 0.32%             | 2034-04-17      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust        | GS Mortgage Securities Trust 2015-GS1                         | CUSIP: 36252AAB2<br>LEI: 549300WZ62L3Y22NOZ64 | Long             | ABS-MBS          | CORP              | US        |    772816 | PA      | $770897.77    | 0.01%             | 2048-11-10      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                        | Synopsys Inc                                                  | CUSIP: 871607AA5<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30057551.40  | 0.48%             | 2027-04-01      | Fixed         | 4.55%                 | 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        |   5427335 | PA      | $5427106.27   | 0.09%             | 2045-01-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| World OMNI Select Auto Trust        | World Omni Select Auto Trust 2024-A                           | CUSIP: 98164LAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12950430 | PA      | $12959283.29  | 0.21%             | 2028-02-15      | Floating      | 4.96%                 | 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        |     79805 | PA      | $79900.13     | 0.00%             | 2031-10-20      | Floating      | 5.63%                 | 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        |   3371153 | PA      | $3138188.79   | 0.05%             | 2049-02-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| ZOETIS INC                          | Zoetis Inc                                                    | CUSIP: 98978VAK9<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |  21159000 | PA      | $21143331.55  | 0.34%             | 2025-11-13      | Fixed         | 4.50%                 | 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      | $10013620.70  | 0.16%             | 2027-04-20      | Fixed         | 4.59%                 | 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        |   3530058 | PA      | $3531366.20   | 0.06%             | 2028-11-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| PRA HEALTH SCIENCES INC             | PRA Health Sciences Inc                                       | CUSIP: 45569KAA1<br>LEI: 549300R1HR1VWWHIAK47 | Long             | DBT              | CORP              | US        |  28892000 | PA      | $28277900.54  | 0.45%             | 2026-07-15      | Fixed         | 2.88%                 | 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      | $17169863.15  | 0.28%             | 2028-06-20      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC              | Williams Cos Inc/The                                          | CUSIP: 969457CH1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   6966000 | PA      | $6998720.90   | 0.11%             | 2026-03-02      | Fixed         | 5.40%                 | 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        |  22850000 | PA      | $23020355.89  | 0.37%             | 2027-06-21      | Fixed         | 5.21%                 | 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        |  25406000 | PA      | $25515235.64  | 0.41%             | 2029-04-16      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                   | State Street Corp                                             | CUSIP: 857477CQ4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20037894.20  | 0.32%             | 2027-10-22      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                      | Fannie Mae-Aces                                               | CUSIP: 3136B3YM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3967297 | PA      | $3891942.43   | 0.06%             | 2026-12-25      | Variable      | 3.08%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                            | OZLM XXII Ltd                                                 | CUSIP: 67111VAC0<br>LEI: 549300SDDOLWC85Q9Q65 | Long             | ABS-CBDO         | CORP              | KY        |     62416 | PA      | $62490.94     | 0.00%             | 2031-01-17      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                                   | CUSIP: 912797QJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  45000000 | PA      | $44941287.60  | 0.72%             | 2025-08-12      | None          | 0.00%                 | 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        |    452079 | PA      | $446480.87    | 0.01%             | 2050-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS              | Verizon Communications Inc                                    | CUSIP: 92343VDY7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9973352.40   | 0.16%             | 2027-03-16      | Fixed         | 4.12%                 | 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        |  14900000 | PA      | $14923288.70  | 0.24%             | 2045-07-25      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP             | AUSTRALIA & NEW ZEALAND BANKING GROUP LTD                     | CUSIP: 05253MXQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |  25000000 | PA      | $25000000.00  | 0.40%             | 2025-08-08      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                         | Oracle Corp                                                   | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19645618.80  | 0.32%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS              | Zimmer Biomet Holdings Inc                                    | CUSIP: 98956PAS1<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |   2579000 | PA      | $2560995.98   | 0.04%             | 2026-01-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| HCA INC                             | HCA Inc                                                       | CUSIP: 404119CH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5867718.72   | 0.09%             | 2027-03-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag      | Wells Fargo Commercial Mortgage Trust 2016-C33                | CUSIP: 95000LBA0<br>LEI: 549300JPCJUA5JJLRW54 | Long             | ABS-MBS          | CORP              | US        |     34903 | PA      | $34833.21     | 0.00%             | 2059-03-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trus      | CFCRE Commercial Mortgage Trust 2016-C4                       | CUSIP: 12531YAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25304 | PA      | $25266.50     | 0.00%             | 2058-05-10      | Fixed         | 3.09%                 | 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        |   1892197 | PA      | $1766558.66   | 0.03%             | 2065-10-26      | Variable      | 1.32%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae Pool                                               | CUSIP: 3138LPBS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $4985341.85   | 0.08%             | 2025-08-01      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd                        | TICP CLO VII Ltd                                              | CUSIP: 87248TAU9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    487576 | PA      | $487864.43    | 0.01%             | 2033-04-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                 | American Express Co                                           | CUSIP: 025816DL0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   6956000 | PA      | $6983757.43   | 0.11%             | 2026-10-30      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Southwick Park CLO, Ltd.            | Southwick Park CLO LLC                                        | CUSIP: 846031AU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  11250000 | PA      | $11258691.08  | 0.18%             | 2032-07-20      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO               | Becton Dickinson & Co                                         | CUSIP: 075887BW8<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24704811.00  | 0.40%             | 2027-06-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY            | Svenska Handelsbanken/New York NY                             | CUSIP: 86959TNZ5<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |  25000000 | PA      | $25045657.00  | 0.40%             | 2026-05-29      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| BROWN-FORMAN CORPORA                | BROWN-FORMAN CORPORA                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9700000 | PA      | $9678150.42   | 0.16%             | 2025-08-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                     | Cigna Group/The                                               | CUSIP: 125523BZ2<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |  29466000 | PA      | $29445304.85  | 0.47%             | 2026-02-25      | Fixed         | 4.50%                 | 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        |   1588983 | PA      | $1525590.75   | 0.02%             | 2049-09-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                | Bank of America Corp                                          | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7087977.12   | 0.11%             | 2029-01-24      | Fixed         | 4.98%                 | 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      | $10043412.00  | 0.16%             | 2027-07-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust            | JP Morgan Mortgage Trust 2019-LTV3                            | CUSIP: 46651HBC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     57012 | PA      | $56824.04     | 0.00%             | 2050-03-25      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL C            | American Water Capital Corp                                   | CUSIP: 03040WAQ8<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |   8025000 | PA      | $7805733.49   | 0.13%             | 2027-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL              | Mondelez International Inc                                    | CUSIP: 609207BA2<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |  14955000 | PA      | $14541280.09  | 0.23%             | 2027-03-17      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| WRKCO INC 0%, due 08                | WRKCO INC 0%, due 08                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9986268.57   | 0.16%             | 2025-08-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CRH AMERICA FINANCE INC             | CRH America Finance Inc                                       | CUSIP: 12636YAA0<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |  17613000 | PA      | $17282156.18  | 0.28%             | 2027-05-09      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| RTX CORP 0%, due 08/                | RTX CORP 0%, due 08/                                          | CUSIP: 78109FV82<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19982328.85  | 0.32%             | 2025-08-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FACTSET RESEARCH SYSTEMS            | FactSet Research Systems Inc                                  | CUSIP: 303075AA3<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | DBT              | CORP              | US        |  21900000 | PA      | $21390487.74  | 0.34%             | 2027-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAP C                | AMERICAN WATER CAP C                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19974990.62  | 0.32%             | 2025-08-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage       | Citigroup Commercial Mortgage Trust 2016-GC36                 | CUSIP: 17324TAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     93163 | PA      | $92975.11     | 0.00%             | 2049-02-10      | Fixed         | 3.37%                 | 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      | $27458442.46  | 0.44%             | 2029-09-20      | Fixed         | 5.05%                 | 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      | $8094985.20   | 0.13%             | 2028-01-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY             | Cooperatieve Rabobank UA/NY                                   | CUSIP: 21684LKA9<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  15000000 | PA      | $15000820.50  | 0.24%             | 2026-03-06      | Floating      | 4.54%                 | 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        |   4000000 | PA      | $4000596.80   | 0.06%             | 2028-05-15      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORPORATION         | WESTPAC BANKING CORP                                          | CUSIP: 9612C46V8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20000000.00  | 0.32%             | 2026-02-27      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RAILWA                | CANADIAN NATL RAILWA                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14977956.89  | 0.24%             | 2025-08-13      | None          | 0.00%                 | 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        |  15000000 | PA      | $15008812.50  | 0.24%             | 2027-12-15      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| AMCOR FINANCE USA INC               | Amcor Finance USA Inc                                         | CUSIP: 02343UAG0<br>LEI: 549300ZMT7FVT8R77U18 | Long             | DBT              | CORP              | US        |  20913000 | PA      | $20736849.17  | 0.33%             | 2026-04-28      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELECTRIC AND POWER CP      | VIRGINIA ELECTRIC PO                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14977271.33  | 0.24%             | 2025-08-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                 | QUANTA SERVICES INC                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  23000000 | PA      | $22991085.19  | 0.37%             | 2025-08-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                 | American Express Co                                           | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10089432.30  | 0.16%             | 2029-04-25      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                        | Ares LXIII CLO Ltd                                            | CUSIP: 039937AQ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2501285.00   | 0.04%             | 2038-10-15      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                    | Georgia Power Co                                              | CUSIP: 373334KZ3<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   8745000 | PA      | $8745554.61   | 0.14%             | 2026-09-15      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasin      | GM Financial Automobile Leasing Trust 2023-3                  | CUSIP: 379929AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9515000 | PA      | $9546519.39   | 0.15%             | 2027-08-20      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                        | Stryker Corp                                                  | CUSIP: 863667AH4<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |  14074000 | PA      | $14030291.50  | 0.23%             | 2025-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust      | Morgan Stanley Capital I Trust 2016-UBS11                     | CUSIP: 61767FAY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1994825 | PA      | $1979257.71   | 0.03%             | 2049-08-15      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE 0.00 08AUG25 | ALEXANDRIA REAL ESTATE 0.00 08AUG25                           | CUSIP: 01527LV85<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9991008.59   | 0.16%             | 2025-08-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                | Keurig Dr Pepper Inc                                          | CUSIP: 49271VAY6<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10025566.20  | 0.16%             | 2026-11-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust             | Nissan Auto Lease Trust 2023-B                                | CUSIP: 65473FAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    617832 | PA      | $618212.50    | 0.01%             | 2026-07-15      | Fixed         | 5.69%                 | 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        |  10000000 | PA      | $10084822.00  | 0.16%             | 2028-12-15      | Fixed         | 5.09%                 | 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        |   2858334 | PA      | $2864357.46   | 0.05%             | 2027-09-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust              | Chase Auto Owner Trust 2024-3                                 | CUSIP: 16144LAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4245896 | PA      | $4255753.40   | 0.07%             | 2027-09-27      | Fixed         | 5.53%                 | 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        |  15011000 | PA      | $15155570.94  | 0.24%             | 2029-02-26      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                    | T-Mobile USA Inc                                              | CUSIP: 87264AAV7<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10015750.00  | 0.16%             | 2028-02-01      | Fixed         | 4.75%                 | 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        |   8347602 | PA      | $8384961.87   | 0.13%             | 2028-03-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                      | Fannie Mae-Aces                                               | CUSIP: 3136AV7G8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1382495 | PA      | $1353490.60   | 0.02%             | 2027-02-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                         | Oracle Corp                                                   | CUSIP: 68389XBN4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14598349.20  | 0.23%             | 2027-11-15      | Fixed         | 3.25%                 | 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      | $16972607.90  | 0.27%             | 2029-05-21      | Fixed         | 4.25%                 | 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        |   2452585 | PA      | $2326693.45   | 0.04%             | 2050-02-25      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                 | GLOBAL PAYMENTS INC                                           | CUSIP: 37961CV17<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2700000.00   | 0.04%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY            | Svenska Handelsbanken/New York NY                             | CUSIP: 86959TKM7<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |  15000000 | PA      | $15003543.00  | 0.24%             | 2025-10-14      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                         | PNC Bank NA                                                   | CUSIP: 69353RFX1<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |  25435000 | PA      | $25447732.51  | 0.41%             | 2027-01-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                | WEC Energy Group Inc                                          | CUSIP: 92939UAH9<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |  11892000 | PA      | $11895896.18  | 0.19%             | 2025-09-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                      | Fannie Mae-Aces                                               | CUSIP: 3136AUKX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    997092 | PA      | $975974.98    | 0.02%             | 2026-09-25      | Variable      | 2.44%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                       | Citigroup Inc                                                 | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10012357.00  | 0.16%             | 2028-05-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                 | JPMorgan Chase & Co                                           | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20161372.40  | 0.32%             | 2028-01-23      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                | Bank of America Corp                                          | CUSIP: 06051GHT9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  20530000 | PA      | $20373418.72  | 0.33%             | 2027-04-23      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                | Verizon Master Trust                                          | CUSIP: 92348KDZ3<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |  12500000 | PA      | $12517730.00  | 0.20%             | 2030-03-20      | Floating      | 4.89%                 | 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        |   4000000 | PA      | $3999336.80   | 0.06%             | 2027-11-22      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK NY            | Toronto-Dominion Bank/NY                                      | CUSIP: 89115D6U5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $20026250.00  | 0.32%             | 2026-04-22      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC              | Roper Technologies Inc                                        | CUSIP: 776743AB2<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14961836.55  | 0.24%             | 2025-12-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                        | Voya CLO 2013-3 Ltd                                           | CUSIP: 92916XAJ6<br>LEI: 5493003QPCHR7P2XIW55 | Long             | ABS-CBDO         | CORP              | KY        |   1526394 | PA      | $1528869.37   | 0.02%             | 2031-10-18      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC               | Amrize Finance US LLC                                         | CUSIP: 43475RAA4<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15010162.65  | 0.24%             | 2027-04-07      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CENCORA INC                         | Cencora Inc                                                   | CUSIP: 03073EAV7<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15071344.05  | 0.24%             | 2027-12-15      | Fixed         | 4.62%                 | 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        |  11000000 | PA      | $10992334.10  | 0.18%             | 2027-10-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                     | Venture XXVII CLO Ltd                                         | CUSIP: 92331LBC3<br>LEI: 549300JZGSLL2771YV05 | Long             | ABS-CBDO         | CORP              | KY        |    233021 | PA      | $233361.81    | 0.00%             | 2030-07-20      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                         | Truist Bank                                                   | CUSIP: 89788JAE9<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |  15900000 | PA      | $15901141.62  | 0.26%             | 2027-05-20      | Fixed         | 4.67%                 | 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        |   6000000 | PA      | $6022413.60   | 0.10%             | 2028-07-17      | Floating      | 5.03%                 | 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        |    111201 | PA      | $110101.25    | 0.00%             | 2050-11-15      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                    | T-Mobile USA Inc                                              | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14826613.95  | 0.24%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                        | Voya CLO 2014-1 Ltd                                           | CUSIP: 92915PAH8<br>LEI: 549300ITL5IR423IJ183 | Long             | ABS-CBDO         | CORP              | KY        |     85682 | PA      | $85774.57     | 0.00%             | 2031-04-18      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                   | General Mills Inc                                             | CUSIP: 370334BZ6<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |  13232000 | PA      | $13005130.48  | 0.21%             | 2027-02-10      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP                | PARKER-HANNIFIN CORP                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14947940.86  | 0.24%             | 2025-08-29      | None          | 0.00%                 | 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        |  12127771 | PA      | $11984429.72  | 0.19%             | 2026-10-25      | Fixed         | 2.89%                 | 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        |   6461017 | PA      | $6352040.70   | 0.10%             | 2026-07-25      | Fixed         | 2.57%                 | 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        |   6000000 | PA      | $6009537.60   | 0.10%             | 2027-09-15      | Fixed         | 4.58%                 | 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        |    951785 | PA      | $942770.85    | 0.02%             | 2052-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK NA                 | Fifth Third Bank NA                                           | CUSIP: 31677QBU2<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2415201.46   | 0.04%             | 2028-01-28      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                      | Morgan Stanley                                                | CUSIP: 61772BAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   9144000 | PA      | $8938813.58   | 0.14%             | 2027-05-04      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage       | Citigroup Commercial Mortgage Trust 2016-GC37                 | CUSIP: 17290XAU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     94819 | PA      | $94663.62     | 0.00%             | 2049-04-10      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER L P DIS 0.0 01AUG25 | ENERGY TRANSFER L P DIS 0.0 01AUG25                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  50000000 | PA      | $50000000.00  | 0.80%             | 2025-08-01      | None          | 0.00%                 | 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        |   5000000 | PA      | $4998790.50   | 0.08%             | 2027-12-15      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP                | PARKER-HANNIFIN CORP                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18200000 | PA      | $18172672.67  | 0.29%             | 2025-08-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust      | Pagaya AI Debt Grantor Trust 2025-2                           | CUSIP: 69545GAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6204994 | PA      | $6202641.79   | 0.10%             | 2026-03-16      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Catamaran CLO Ltd                   | Catamaran CLO 2014-1 Ltd                                      | CUSIP: 14889DAJ7<br>LEI: 549300C8Q7ISEHHDRH76 | Long             | ABS-CBDO         | CORP              | KY        |     53330 | PA      | $53399.29     | 0.00%             | 2030-04-22      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| ALCON FINANCE CORP                  | Alcon Finance Corp                                            | CUSIP: 01400EAA1<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |   5400000 | PA      | $5284721.12   | 0.08%             | 2026-09-23      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC              | Williams Cos Inc/The                                          | CUSIP: 96949LAB1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |  35000000 | PA      | $34956519.85  | 0.56%             | 2025-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS NEW YORK                | BNP Paribas SA/New York NY                                    | CUSIP: 05593DEH2<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  25000000 | PA      | $25000501.25  | 0.40%             | 2025-11-07      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                     | Venture 37 CLO Ltd                                            | CUSIP: 92333BBA7<br>LEI: 549300IW5Q3C6JHMIU22 | Long             | ABS-CBDO         | CORP              | KY        |    883678 | PA      | $884866.36    | 0.01%             | 2032-07-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| CCL INDUSTRIES INC                  | CCL Industries Inc                                            | CUSIP: 124900AB7<br>LEI: 549300TD3EMSRRC0YH75 | Long             | DBT              | CORP              | CA        |  30495000 | PA      | $29946145.20  | 0.48%             | 2026-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TRANSCONT GAS PIPE LINE             | Transcontinental Gas Pipe Line Co LLC                         | CUSIP: 893574AH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6162000 | PA      | $6212905.21   | 0.10%             | 2026-02-01      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                | KEURIG DR PEPPER INC                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19967068.13  | 0.32%             | 2025-08-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA              | Morgan Stanley Bank NA                                        | CUSIP: 61690DK72<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   6667000 | PA      | $6750852.53   | 0.11%             | 2029-01-12      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| KELLANOVA 0%, due 08                | KELLANOVA 0%, due 08                                          | CUSIP: 48763UVC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14979173.28  | 0.24%             | 2025-08-12      | None          | 0.00%                 | 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        |  27901000 | PA      | $28107406.02  | 0.45%             | 2028-08-15      | Fixed         | 5.21%                 | 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        |  28833000 | PA      | $28925166.99  | 0.46%             | 2027-04-26      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| US BANCORP                          | US Bancorp                                                    | CUSIP: 91159HJC5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9665513.90   | 0.16%             | 2028-01-27      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                | Verizon Master Trust                                          | CUSIP: 92348KDY6<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |  12510000 | PA      | $12528264.60  | 0.20%             | 2030-03-20      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                      | Morgan Stanley                                                | CUSIP: 61747YFP5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10189590.40  | 0.16%             | 2028-04-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| PACKAGING CORP OF AMERIC            | Packaging Corp of America                                     | CUSIP: 695156AT6<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | DBT              | CORP              | US        |  13898000 | PA      | $13560098.34  | 0.22%             | 2027-12-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                 | Elevance Health Inc                                           | CUSIP: 28622HAA9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |  16667000 | PA      | $16667748.01  | 0.27%             | 2026-02-08      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & COMPANY                 | MCCORMICK & COMPANY                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14964260.01  | 0.24%             | 2025-08-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PAYPAL HOLDINGS INC                 | PayPal Holdings Inc                                           | CUSIP: 70450YAR4<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15070356.60  | 0.24%             | 2028-03-06      | Floating      | 5.01%                 | 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        |    153719 | PA      | $151611.42    | 0.00%             | 2027-04-25      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                        | Voya 2012-4 Ltd                                               | CUSIP: 92916GBE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     50261 | PA      | $50317.25     | 0.00%             | 2030-10-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC            | Constellation Brands Inc                                      | CUSIP: 21036PBB3<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |  27145000 | PA      | $27117820.53  | 0.44%             | 2025-11-15      | Fixed         | 4.40%                 | 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        |   4669972 | PA      | $4690165.71   | 0.08%             | 2027-09-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CANADIAN NAT R 08/25/2025           | CANADIAN NAT R 08/25/2025                                     | CUSIP: 13638WVR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19935315.90  | 0.32%             | 2025-08-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE              | American Honda Finance Corp                                   | CUSIP: 02665WEX5<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  16022000 | PA      | $16051529.51  | 0.26%             | 2026-01-09      | Floating      | 5.04%                 | 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        |   7569656 | PA      | $7618664.98   | 0.12%             | 2029-05-25      | Fixed         | 5.13%                 | 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        |  10000000 | PA      | $10092848.00  | 0.16%             | 2028-10-16      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINE                | TRANSCANADA PIPELINE                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14981042.69  | 0.24%             | 2025-08-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HCA INC                             | HCA Inc                                                       | CUSIP: 404119BS7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |  25466000 | PA      | $25485561.20  | 0.41%             | 2026-02-15      | Fixed         | 5.88%                 | 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        |   1265407 | PA      | $1248590.56   | 0.02%             | 2027-03-25      | Fixed         | 2.90%                 | 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        |   6974861 | PA      | $6974258.71   | 0.11%             | 2027-10-15      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust                   | T-Mobile US Trust 2025-1                                      | CUSIP: 872974AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15000000 | PA      | $15102172.50  | 0.24%             | 2029-11-20      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| TELEDYNE TECHNOLOGIES IN            | Teledyne Technologies Inc                                     | CUSIP: 879360AC9<br>LEI: 549300VSMO9KYQWDND94 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $29395097.70  | 0.47%             | 2026-04-01      | Fixed         | 1.60%                 | 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        |  23500000 | PA      | $23570570.50  | 0.38%             | 2027-04-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust                   | T-Mobile US Trust 2022-1                                      | CUSIP: 87267WAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9480069 | PA      | $9483133.25   | 0.15%             | 2028-05-22      | Fixed         | 4.91%                 | 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      | $5008217.70   | 0.08%             | 2027-07-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables       | Exeter Automobile Receivables Trust                           | CUSIP: 30166XAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9250000 | PA      | $9252800.90   | 0.15%             | 2028-01-18      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| JM SMUCKER CO 0%, du                | JM SMUCKER CO 0%, du                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  24700000 | PA      | $24700000.00  | 0.40%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust        | Ford Credit Auto Owner Trust 2022-C                           | CUSIP: 34535AAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    779337 | PA      | $779083.74    | 0.01%             | 2026-12-15      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATION                | MONDELEZ INTERNATION                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17200000 | PA      | $17154497.47  | 0.28%             | 2025-08-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi      | Carlyle Global Market Strategies CLO 2015-4 Ltd               | CUSIP: 14311NAU8<br>LEI: 549300Q4PPEXLDSOKL32 | Long             | ABS-CBDO         | CORP              | KY        |    591594 | PA      | $592317.85    | 0.01%             | 2032-07-20      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae Pool                                               | CUSIP: 3140J5NR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       176 | PA      | $176.53       | 0.00%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BofA Auto Trust                     | BofA Auto Trust 2024-1                                        | CUSIP: 09709AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15700000 | PA      | $15822083.20  | 0.25%             | 2028-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                | Royal Bank of Canada                                          | CUSIP: 78017DAA6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5058861.30   | 0.08%             | 2029-01-24      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat      | Hyundai Auto Lease Securitization Trust 2024-A                | CUSIP: 448988AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1226835 | PA      | $1227238.85   | 0.02%             | 2026-06-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust      | Mercedes-Benz Auto Lease Trust 2023-A                         | CUSIP: 58768RAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5575541 | PA      | $5575290.03   | 0.09%             | 2027-01-15      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                     | United States Treasury Note/Bond                              | CUSIP: 91282CKZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33000000 | PA      | $33262968.75  | 0.53%             | 2027-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DAC            | Icon Investments Six DAC                                      | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |  20000000 | PA      | $20338014.60  | 0.33%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| GCAT                                | GCAT 2019-NQM2 Trust                                          | CUSIP: 36167FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1423836 | PA      | $1392797.40   | 0.02%             | 2060-01-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| MOLSON COORS BEVERAGE               | Molson Coors Beverage Co                                      | CUSIP: 60871RAG5<br>LEI: 54930073LBBH6ZCBE225 | Long             | DBT              | CORP              | US        |  29881000 | PA      | $29443289.67  | 0.47%             | 2026-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC             | Goldman Sachs Group Inc/The                                   | CUSIP: 38145GAM2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10002015.20  | 0.16%             | 2026-08-10      | Fixed         | 5.80%                 | 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        |   6000000 | PA      | $6012678.00   | 0.10%             | 2028-03-15      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                   | State Street Corp                                             | CUSIP: 857477DA8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8026006.48   | 0.13%             | 2028-04-24      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| ZOETIS INC                          | Zoetis Inc                                                    | CUSIP: 98978VAL7<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |  22724000 | PA      | $22111631.83  | 0.35%             | 2027-09-12      | Fixed         | 3.00%                 | 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      | $25021475.00  | 0.40%             | 2034-10-15      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| MARS INC                            | Mars Inc                                                      | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10057814.40  | 0.16%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                         | Oracle Corp                                                   | CUSIP: 68389XCY9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2022184.10   | 0.03%             | 2028-08-03      | Fixed         | 4.80%                 | 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        |  15632000 | PA      | $15645460.72  | 0.25%             | 2027-12-15      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD           | Anchorage Capital CLO 6 Ltd                                   | CUSIP: 03328QBU4<br>LEI: 54930064GO7DB3TVDY21 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3999475.80   | 0.06%             | 2038-07-22      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust           | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C29   | CUSIP: 61766EBC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    279097 | PA      | $278217.00    | 0.00%             | 2049-05-15      | Fixed         | 3.14%                 | 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        |   6107000 | PA      | $6147876.59   | 0.10%             | 2030-03-22      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| VIRGINIA POWER FUEL SEC             | Virginia Power Fuel Securitization LLC                        | CUSIP: 92808VAA0<br>LEI: 254900BELJ95ONW6U791 | Long             | DBT              | CORP              | US        |  15044498 | PA      | $15104068.52  | 0.24%             | 2027-05-01      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| WORKDAY INC                         | Workday Inc                                                   | CUSIP: 98138HAG6<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |  21542000 | PA      | $21207753.68  | 0.34%             | 2027-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NESTLE FINANCE INTL                 | NESTLE FINANCE INTL                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  22800000 | PA      | $22772507.23  | 0.37%             | 2025-08-11      | None          | 0.00%                 | 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        |  14487573 | PA      | $14491029.31  | 0.23%             | 2027-06-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust        | Ford Credit Auto Owner Trust 2023-C                           | CUSIP: 344940AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    188352 | PA      | $188407.77    | 0.00%             | 2026-09-15      | Fixed         | 5.68%                 | 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      | $7804519.53   | 0.13%             | 2028-12-26      | Fixed         | 4.69%                 | 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        |   6500000 | PA      | $6509644.70   | 0.10%             | 2027-12-20      | Floating      | 4.85%                 | 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        |  12655405 | PA      | $12677941.34  | 0.20%             | 2044-07-25      | Floating      | 5.35%                 | 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        |  18018000 | PA      | $18148713.38  | 0.29%             | 2028-11-15      | Fixed         | 4.96%                 | 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        |   2981647 | PA      | $2952325.61   | 0.05%             | 2050-02-10      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                 | JPMorgan Chase & Co                                           | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7582788.98   | 0.12%             | 2029-01-24      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP            | Toyota Motor Credit Corp                                      | CUSIP: 89236TMZ5<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15000007.20  | 0.24%             | 2027-01-08      | Floating      | 4.80%                 | 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        |  14000000 | PA      | $14008282.40  | 0.22%             | 2028-06-15      | Fixed         | 4.51%                 | 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        |   5000000 | PA      | $5002570.00   | 0.08%             | 2039-07-20      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| BACARDI-MARTINI BV 0                | BACARDI-MARTINI BV 0                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11770000 | PA      | $11738277.84  | 0.19%             | 2025-08-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                 | JPMorgan Chase & Co                                           | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15269132.25  | 0.25%             | 2028-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BK AUST                | COMMONWEALTH BK AUST                                          | CUSIP: 20272FBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25000000.00  | 0.40%             | 2025-09-04      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                 | JPMorgan Chase & Co                                           | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  14631000 | PA      | $14373986.15  | 0.23%             | 2027-02-04      | Fixed         | 1.04%                 | 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        |    215207 | PA      | $213291.58    | 0.00%             | 2050-05-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner       | Toyota Auto Receivables 2023-D Owner Trust                    | CUSIP: 89239FAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3112250 | PA      | $3114748.72   | 0.05%             | 2026-11-16      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC                  | Conagra Brands Inc                                            | CUSIP: 205887CB6<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24972049.50  | 0.40%             | 2025-11-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                        | UBS Group AG                                                  | CUSIP: 902613AC2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  15000000 | PA      | $14755055.40  | 0.24%             | 2027-01-30      | Fixed         | 1.36%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                | Royal Bank of Canada                                          | CUSIP: 78017DAF5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $10042102.30  | 0.16%             | 2028-03-27      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                         | Rad CLO 4 Ltd                                                 | CUSIP: 749984AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    403212 | PA      | $403699.49    | 0.01%             | 2032-04-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                      | Galaxy XXI CLO Ltd                                            | CUSIP: 36320WAL0<br>LEI: 549300BW4412X0TZDD77 | Long             | ABS-CBDO         | CORP              | KY        |     46819 | PA      | $46862.79     | 0.00%             | 2031-04-20      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                        | Voya CLO 2016-1 Ltd                                           | CUSIP: 92915CAQ7<br>LEI: 549300BRUAMTEA33B077 | Long             | ABS-CBDO         | CORP              | KY        |    382670 | PA      | $383161.31    | 0.01%             | 2031-01-20      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Citibank Credit Card Issuance       | Citibank Credit Card Issuance Trust                           | CUSIP: 17305EGX7<br>LEI: R8AG6FXVDQAMDKCSJJ64 | Long             | ABS-O            | CORP              | US        |  20000000 | PA      | $20013264.00  | 0.32%             | 2027-12-08      | Floating      | 4.97%                 | 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        |   1141401 | PA      | $1132089.37   | 0.02%             | 2049-11-15      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                        | Voya CLO 2013-2 Ltd                                           | CUSIP: 92916WAA7<br>LEI: 5493007ASGBOUR3XJY69 | Long             | ABS-CBDO         | CORP              | KY        |     80222 | PA      | $80309.60     | 0.00%             | 2031-04-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & C                | BECTON DICKINSON & C                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24943568.44  | 0.40%             | 2025-08-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Romark CLO Ltd                      | Romark CLO Ltd                                                | CUSIP: 77587UAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     49537 | PA      | $49596.03     | 0.00%             | 2030-10-23      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RAILWA                | CANADIAN NATL RAILWA                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14981614.98  | 0.24%             | 2025-08-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATURAL RES                | CANADIAN NATURAL RES                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14961526.42  | 0.24%             | 2025-08-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LL                | AMRIZE FINANCE US LL                                          | CUSIP: 43475FVJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19956087.22  | 0.32%             | 2025-08-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS              | Zimmer Biomet Holdings Inc                                    | CUSIP: 98956PBA9<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |  22284000 | PA      | $22374754.93  | 0.36%             | 2027-02-19      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                           | Amgen Inc                                                     | CUSIP: 031162CQ1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14621624.55  | 0.23%             | 2027-11-02      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                | Keurig Dr Pepper Inc                                          | CUSIP: 26138EAU3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |  19529000 | PA      | $19136594.04  | 0.31%             | 2026-09-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund             | Dryden 40 Senior Loan Fund                                    | CUSIP: 26244GAS4<br>LEI: 549300BH0PFEW6WVTN52 | Long             | ABS-CBDO         | CORP              | KY        |    316549 | PA      | $316762.74    | 0.01%             | 2031-08-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| CIM Trust                           | CIM Trust 2019-INV1                                           | CUSIP: 12555DAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    644214 | PA      | $626781.79    | 0.01%             | 2049-02-25      | Floating      | 5.46%                 | 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        |   8244252 | PA      | $8167549.61   | 0.13%             | 2027-12-25      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                | Bank of America Corp                                          | CUSIP: 06051GLE7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20060898.00  | 0.32%             | 2027-01-20      | Fixed         | 5.08%                 | 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        |  13895000 | PA      | $13991570.25  | 0.22%             | 2027-05-17      | Fixed         | 5.41%                 | 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        |   5791828 | PA      | $5806292.74   | 0.09%             | 2032-06-15      | Fixed         | 5.18%                 | 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        |   2119820 | PA      | $2123440.64   | 0.03%             | 2027-02-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                | GLENCORE FUNDING LLC                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19969691.29  | 0.32%             | 2025-08-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AUTODESK INC                        | Autodesk Inc                                                  | CUSIP: 052769AE6<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $29568558.60  | 0.47%             | 2027-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA              | Morgan Stanley Bank NA                                        | CUSIP: 61690U8E3<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4041124.36   | 0.06%             | 2028-07-14      | Fixed         | 4.97%                 | 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        |   6489051 | PA      | $6496751.43   | 0.10%             | 2045-01-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                   | Sysco Corp                                                    | CUSIP: 871829BC0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |  20953000 | PA      | $20718755.52  | 0.33%             | 2026-07-15      | Fixed         | 3.30%                 | 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        |   4000000 | PA      | $4000500.40   | 0.06%             | 2029-01-12      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobi      | GM Financial Consumer Automobile Receivables Trust 2023-2     | CUSIP: 362583AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2348628 | PA      | $2351572.03   | 0.04%             | 2028-02-16      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                     | Chevron USA Inc                                               | CUSIP: 166756BA3<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15028479.00  | 0.24%             | 2027-02-26      | Floating      | 4.70%                 | 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        |  14375203 | PA      | $14239345.71  | 0.23%             | 2028-02-25      | Fixed         | 3.73%                 | 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        |    149897 | PA      | $148428.39    | 0.00%             | 2050-11-15      | Variable      | 3.33%                 | No            |                  2 | On Loan: No      |
| CADENCE DESIGN SYS INC              | Cadence Design Systems Inc                                    | CUSIP: 127387AM0<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |   5852000 | PA      | $5848536.14   | 0.09%             | 2027-09-10      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKE                | SVENSKA HANDELSBANKE                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25000000.00  | 0.40%             | 2025-08-01      | Floating      | 4.57%                 | 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        |   2613334 | PA      | $2616781.73   | 0.04%             | 2028-09-22      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| CRH AMERICA FINANCE                 | CRH AMERICA FINANCE                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9975881.40   | 0.16%             | 2025-08-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                  | Energy Transfer LP                                            | CUSIP: 29273RBG3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |  23276000 | PA      | $23277246.66  | 0.37%             | 2026-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                | Royal Bank of Canada                                          | CUSIP: 78017DAK4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5004756.60   | 0.08%             | 2029-08-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                          | VMware LLC                                                    | CUSIP: 928563AC9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   4059000 | PA      | $4015256.73   | 0.06%             | 2027-08-21      | Fixed         | 3.90%                 | 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        |   5000000 | PA      | $5003750.00   | 0.08%             | 2033-04-18      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| TARGA RES CORP DIS 0.0 01AUG25 144A | TARGA RES CORP DIS 0.0 01AUG25 144A                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  60000000 | PA      | $60000000.00  | 0.96%             | 2025-08-01      | None          | 0.00%                 | 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        |   2457047 | PA      | $2427822.71   | 0.04%             | 2050-10-15      | Fixed         | 3.40%                 | 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      | $15041981.55  | 0.24%             | 2027-05-21      | Floating      | 5.09%                 | 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        |  10000000 | PA      | $10004470.00  | 0.16%             | 2027-12-15      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RAILWA                | CANADIAN NATL RAILWA                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14987128.91  | 0.24%             | 2025-08-08      | None          | 0.00%                 | 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        |  10980120 | PA      | $10990424.22  | 0.18%             | 2027-09-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| NASDAQ INC                          | Nasdaq Inc                                                    | CUSIP: 631103AG3<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |  32259000 | PA      | $32074749.82  | 0.51%             | 2026-06-30      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| GENERAL DYNAMICS COR                | GENERAL DYNAMICS COR                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  28700000 | PA      | $28682633.28  | 0.46%             | 2025-08-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA              | Morgan Stanley Bank NA                                        | CUSIP: 61690U8A1<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15090813.45  | 0.24%             | 2028-01-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATION                | MARRIOTT INTERNATION                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24917986.41  | 0.40%             | 2025-08-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae Pool                                               | CUSIP: 3138EN3W7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         2 | PA      | $2.48         | 0.00%             | 2027-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC                | Howmet Aerospace Inc                                          | CUSIP: 013817AJ0<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |  26750000 | PA      | $27307630.50  | 0.44%             | 2027-02-01      | Fixed         | 5.90%                 | 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        |   4843000 | PA      | $4864853.07   | 0.08%             | 2028-12-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                        | Voya CLO 2017-1 Ltd                                           | CUSIP: 92916MAF8<br>LEI: 54930054YW6PM1FPVU95 | Long             | ABS-CBDO         | CORP              | KY        |     13462 | PA      | $13474.51     | 0.00%             | 2030-04-17      | Floating      | 5.53%                 | 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        |   3475831 | PA      | $3509226.71   | 0.06%             | 2032-06-25      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                    | T-Mobile USA Inc                                              | CUSIP: 87264ABU8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |  26114000 | PA      | $25761948.29  | 0.41%             | 2026-04-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                | Glencore Funding LLC                                          | CUSIP: 378272BX5<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15018239.55  | 0.24%             | 2026-10-01      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                | Verizon Master Trust                                          | CUSIP: 92348KCL5<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   8906000 | PA      | $8921166.92   | 0.14%             | 2028-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO S                | FIDELITY NATL INFO S                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14973080.76  | 0.24%             | 2025-08-15      | None          | 0.00%                 | 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      | $25053543.75  | 0.40%             | 2026-07-10      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO S                | FIDELITY NATL INFO S                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19984605.74  | 0.32%             | 2025-08-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC            | OBX 2020-INV1 Trust                                           | CUSIP: 67113CAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1407244 | PA      | $1336872.66   | 0.02%             | 2049-12-25      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| MARTIN MARIETTA MATERIAL            | Martin Marietta Materials Inc                                 | CUSIP: 573284AQ9<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |   8611000 | PA      | $8447293.35   | 0.14%             | 2027-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATION                | MONDELEZ INTERNATION                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6997371.71   | 0.11%             | 2025-08-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                | Bank of America Corp                                          | CUSIP: 06051GMT3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10044048.20  | 0.16%             | 2029-05-09      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VULCAN MATERIALS CO                 | Vulcan Materials Co                                           | CUSIP: 929160AT6<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14896399.65  | 0.24%             | 2027-04-01      | Fixed         | 3.90%                 | 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        |   2918837 | PA      | $2806699.49   | 0.05%             | 2050-07-25      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT                  | UBS AG/Stamford CT                                            | CUSIP: 90261AAD4<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |  10000000 | PA      | $10065239.00  | 0.16%             | 2028-01-10      | Fixed         | 4.86%                 | 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        |    146918 | PA      | $139417.58    | 0.00%             | 2050-03-25      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| HCA INC                             | HCA Inc                                                       | CUSIP: 404121AH8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20086077.60  | 0.32%             | 2026-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Saranac CLO LTD                     | Saranac Clo VI Ltd                                            | CUSIP: 80317LAJ2<br>LEI: 5493002U06KAOJIMH261 | Long             | ABS-CBDO         | CORP              | JE        |     96740 | PA      | $96866.11     | 0.00%             | 2031-08-13      | Floating      | 5.72%                 | 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      | $10045738.10  | 0.16%             | 2028-05-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| VERALTO CORP                        | Veralto Corp                                                  | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30270922.50  | 0.49%             | 2026-09-18      | Fixed         | 5.50%                 | 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        |  15000000 | PA      | $15068685.00  | 0.24%             | 2028-10-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund             | Dryden 53 CLO Ltd                                             | CUSIP: 26243EAP6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  23218768 | PA      | $23253596.05  | 0.37%             | 2031-01-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| AT&T INC                            | AT&T Inc                                                      | CUSIP: 00206RDQ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |  16343000 | PA      | $16293091.09  | 0.26%             | 2027-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HCA HEALTHCARE INC                  | HCA HEALTHCARE INC                                            | CUSIP: 40412BV67<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14700000 | PA      | $14690159.16  | 0.24%             | 2025-08-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                         | PNC Bank NA                                                   | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19978167.40  | 0.32%             | 2027-05-13      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-                | ALIMENTATION COUCHE-                                          | CUSIP: 01626UVE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14975144.24  | 0.24%             | 2025-08-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK              | Canadian Imperial Bank of Commerce                            | CUSIP: 13607PHU1<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   9850000 | PA      | $9899322.99   | 0.16%             | 2027-09-11      | Floating      | 5.27%                 | 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        |   3830654 | PA      | $3834474.28   | 0.06%             | 2032-07-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA              | Santander Holdings USA Inc                                    | CUSIP: 80282KBC9<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   5497000 | PA      | $5328178.72   | 0.09%             | 2028-01-06      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC            | Constellation Brands Inc                                      | CUSIP: 21036PBK3<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |  11716000 | PA      | $11683822.12  | 0.19%             | 2027-05-09      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust      | Pagaya Ai Debt Trust 2025-R1                                  | CUSIP: 69547CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5214916 | PA      | $5214147.68   | 0.08%             | 2026-05-18      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Greywolf CLO Ltd                    | GREYWOLF CLO VII Ltd                                          | CUSIP: 39809AAA6<br>LEI: 5493005EEKUYF0Q6Z361 | Long             | ABS-CBDO         | CORP              | KY        |     68562 | PA      | $68672.09     | 0.00%             | 2031-10-20      | Floating      | 5.77%                 | 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        |   4368557 | PA      | $4373673.24   | 0.07%             | 2028-05-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| RCKT Trust                          | RCKT Trust 2025-PL1                                           | CUSIP: 74939RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3250000 | PA      | $3251100.29   | 0.05%             | 2034-07-25      | Fixed         | 4.90%                 | 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        |  10752687 | PA      | $10757959.86  | 0.17%             | 2027-08-16      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| ELI LILY CP 12/3/08 .75%            | LILLY ELI + CO DISC COM 0.0 06AUG25                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19987991.84  | 0.32%             | 2025-08-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| THE CAMPBELLS COMPANY               | The Campbell's Company                                        | CUSIP: 134429BM0<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25277887.50  | 0.41%             | 2027-03-19      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                      | Apidos CLO XXIV                                               | CUSIP: 03759CAS9<br>LEI: 549300PPHIOJQEKPJH29 | Long             | ABS-CBDO         | CORP              | KY        |    348195 | PA      | $348559.91    | 0.01%             | 2030-10-20      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-                | ALIMENTATION COUCHE-                                          | CUSIP: 01626UV69<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14990487.95  | 0.24%             | 2025-08-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                        | Synopsys Inc                                                  | CUSIP: 871607AB3<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10079367.50  | 0.16%             | 2028-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Huntington Auto Trust               | Huntington Auto Trust 2024-1                                  | CUSIP: 446144AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3845234 | PA      | $3847746.47   | 0.06%             | 2027-03-15      | Fixed         | 5.50%                 | 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        |   1224764 | PA      | $1227751.13   | 0.02%             | 2044-09-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P      | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137H4RC6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    680944 | PA      | $678667.73    | 0.01%             | 2026-10-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY             | Cooperatieve Rabobank UA/NY                                   | CUSIP: 21688ABG6<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  20000000 | PA      | $20077081.00  | 0.32%             | 2026-08-28      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                            | OZLM XXIV Ltd                                                 | CUSIP: 67113DAW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    161684 | PA      | $162025.29    | 0.00%             | 2032-07-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| AUST&NZ BANKINGGROUP                | AUST&NZ BANKINGGROUP                                          | CUSIP: 05253MXM1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25000000.00  | 0.40%             | 2025-09-04      | Floating      | 4.60%                 | 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        |   3675624 | PA      | $3677066.35   | 0.06%             | 2026-07-25      | Floating      | 4.92%                 | 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        |   6000000 | PA      | $6002073.00   | 0.10%             | 2028-03-15      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| AT&T INC                            | AT&T Inc                                                      | CUSIP: 00206RML3<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |  25404000 | PA      | $24945801.26  | 0.40%             | 2026-03-25      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                        | Broadcom Inc                                                  | CUSIP: 11135FBB6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9954299.90   | 0.16%             | 2025-11-15      | Fixed         | 3.15%                 | 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        |   6000000 | PA      | $5997526.20   | 0.10%             | 2028-08-15      | Fixed         | 4.38%                 | 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        |    135271 | PA      | $134722.19    | 0.00%             | 2050-06-25      | Floating      | 5.43%                 | 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      | $34328390.95  | 0.55%             | 2026-03-01      | Fixed         | 1.15%                 | 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        |   6630676 | PA      | $6577022.74   | 0.11%             | 2051-03-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                 | Ashtead Capital Inc                                           | CUSIP: 045054AF0<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24818955.25  | 0.40%             | 2027-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC               | Republic Services Inc                                         | CUSIP: 760759AY6<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |  17296000 | PA      | $17112851.79  | 0.27%             | 2025-11-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC               | Amrize Finance US LLC                                         | CUSIP: 43475RAB2<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   9999000 | PA      | $10052362.26  | 0.16%             | 2028-04-07      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae REMICS                                             | CUSIP: 3136ANVJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    525473 | PA      | $517438.02    | 0.01%             | 2034-06-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION            | Sabine Pass Liquefaction LLC                                  | CUSIP: 785592AV8<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |   1814000 | PA      | $1822847.95   | 0.03%             | 2026-06-30      | Fixed         | 5.88%                 | 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        |  11090910 | PA      | $11126847.13  | 0.18%             | 2027-06-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobi      | Gm Financial Consumer Automobile Receivables Trust 2025-3     | CUSIP: 379957AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2500077.75   | 0.04%             | 2028-06-16      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| SKANDINAV ENSKILDA B                | SKANDINAV ENSKILDA B                                          | CUSIP: 83050WNC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15000000.00  | 0.24%             | 2025-10-08      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                    | CIFC Funding 2017-IV Ltd                                      | CUSIP: 12551JAL0<br>LEI: 254900JEH56UBUEZJW15 | Long             | ABS-CBDO         | CORP              | KY        |    104695 | PA      | $104801.03    | 0.00%             | 2030-10-24      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                        | Barclays PLC                                                  | CUSIP: 06738EAN5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  15000000 | PA      | $14990107.50  | 0.24%             | 2026-01-12      | Fixed         | 4.38%                 | 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        |   5000000 | PA      | $5004012.00   | 0.08%             | 2028-01-20      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| CENCORA INC 0%, due                 | CENCORA INC 0%, due                                           | CUSIP: 15137PV13<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30000000.00  | 0.48%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                      | Solventum Corp                                                | CUSIP: 83444MAN1<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25395240.50  | 0.41%             | 2027-02-25      | Fixed         | 5.45%                 | 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        |  12000000 | PA      | $12001447.20  | 0.19%             | 2028-10-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                                   | CUSIP: 912797PP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  37000000 | PA      | $36911796.07  | 0.59%             | 2025-08-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MARS INC                            | Mars Inc                                                      | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15026060.25  | 0.24%             | 2027-03-01      | Fixed         | 4.45%                 | 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        |  13891391 | PA      | $13894429.11  | 0.22%             | 2027-11-15      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATURAL RES                | CANADIAN NATURAL RES                                          | CUSIP: 13638WVK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14963370.94  | 0.24%             | 2025-08-19      | None          | 0.00%                 | 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        |  16076458 | PA      | $16123423.85  | 0.26%             | 2032-01-26      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CRH AMERICA FINANCE                 | CRH AMERICA FINANCE                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19964420.67  | 0.32%             | 2025-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WRKCO INC 0%, due 08                | WRKCO INC 0%, due 08                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  16600000 | PA      | $16600000.00  | 0.27%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP 0%, due                 | ORACLE CORP 0%, due                                           | CUSIP: 6840C2VJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19956683.83  | 0.32%             | 2025-08-18      | None          | 0.00%                 | 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        |  15075000 | PA      | $15076833.12  | 0.24%             | 2028-01-20      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                 | American Express Co                                           | CUSIP: 025816DP1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   7222000 | PA      | $7289619.22   | 0.12%             | 2028-02-16      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC                  | Conagra Brands Inc                                            | CUSIP: 205887CJ9<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |  25567000 | PA      | $25741521.62  | 0.41%             | 2026-10-01      | Fixed         | 5.30%                 | 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        |   2104949 | PA      | $2104949.92   | 0.03%             | 2027-09-15      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK            | Huntington National Bank/The                                  | CUSIP: 44644MAK7<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |  15687000 | PA      | $15772624.67  | 0.25%             | 2028-04-12      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP 0%, due                | CHEVRON CORP 0%, due                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14976606.55  | 0.24%             | 2025-08-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SPECTRA ENERGY PARTNERS             | Spectra Energy Partners LP                                    | CUSIP: 84756NAH2<br>LEI: 2HKVXE7U4NF5B6UGSU72 | Long             | DBT              | CORP              | US        |   5675000 | PA      | $5590448.52   | 0.09%             | 2026-10-15      | Fixed         | 3.38%                 | 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        |    845559 | PA      | $831434.48    | 0.01%             | 2027-02-25      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                   | Hyatt Hotels Corp                                             | CUSIP: 448579AF9<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |  20133000 | PA      | $20139462.09  | 0.32%             | 2026-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-23

**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