# EDGAR Filing Document

**Accession Number:** 0001047304
**File Stem:** 0001099263-26-003047
**Filing Date:** 2026-3
**Character Count:** 260492
**Document Hash:** 29566d487d094b33349ce01d47f529fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-003047.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001099263-26-003047

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO VARIABLE INSURANCE TRUST
- **CENTRAL INDEX KEY:** 0001047304

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08399
- **FILM NUMBER:** 26705859

**BUSINESS ADDRESS:**
- **STREET 1:** 650 NEWPORT CENTER DRIVE
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** 9497204721

**MAIL ADDRESS:**
- **STREET 1:** 650 NEWPORT CENTER DRIVE
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660

## Series and Classes Contracts Data

### PIMCO Short-Term Portfolio (Series ID: S000009662)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000026484 | Administrative | VPVSTDV         |
| C000026485 | Institutional  | VPVSTIV         |
| C000081128 | Advisor        | VPVSTAD         |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PIMCO Variable Insurance Trust

- **b. Investment Company Act file number:** 811-08399

- **c. CIK number of Registrant:** 0001047304

- **d. LEI of Registrant:** 549300KNGHUU7TTJOR56

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

  - **Street Address 1:** 650 Newport Center Drive

  - **City:** Newport Beach

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92660

  - **Telephone number:** (888) 877-4626

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

- **a. Name of Series:** PIMCO Short-Term Portfolio

- **b. EDGAR series identifier (if any):** S000009662

- **c. LEI of Series:** 8GTUKFTYE4CYYGNOAA09

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $904066295.62

**Total Liabilities:** $243943860.36

**Net Assets:** $660122435.26

**Cash Not Reported:** $3806868.40

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 62511.189600 | **1-Year:** 30077.252600 | **5-Year:** 9274.702000 | **10-Year:** 267.440400 | **30-Year:** 0.000000

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

- **3-Month:** 140.901800 | **1-Year:** 147.299400 | **5-Year:** 89.470700 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026484 | 0.40%                | 0.33%                | 0.36%                |
| Class ID C000081128 | 0.39%                | 0.32%                | 0.35%                |
| Class ID C000026485 | 0.41%                | 0.34%                | 0.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $299724.24               | $-630035.65                                |
| Month 2  | $68163.43                | $95378.98                                  |
| Month 3  | $137174.80               | $349762.92                                 |

**Designated Index Information**

- **Index Name:** Fund Securities Portfolio

- **Index Identifier:** 0

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VERUS SECURITIZATION TRUST 2025-R1                               | VERUS SECURITIZATION TRUST VERUS 2025 R1 A1 144A       | CUSIP: 92541AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    461115 | PA      | $464663.72    | 0.07%             | 2065-05-25      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2018-3A                      | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2018 3A A1 144A     | CUSIP: 64830KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     97018 | PA      | $95118.28     | 0.01%             | 2058-05-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC COMPANY                                 | PACIFIC GAS + ELECTRIC 1ST MORTGAGE 01/26 3.15         | CUSIP: 694308JP3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2700000.00   | 0.41%             | 2026-01-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                               | TREASURY BILL 07/26 0.00000                            | CUSIP: 912797TF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  62500000 | PA      | $61400108.13  | 9.30%             | 2026-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2023-H12                | GOVERNMENT NATIONAL MORTGAGE A GNR 2023 H12 FA         | CUSIP: 38382Y5K5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1006014 | PA      | $1019845.80   | 0.15%             | 2073-05-20      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | SOLD CHF BOUGHT USD 20260114                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |         1 | NC      | $-205.37      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM8         | MORGAN STANLEY RESIDENTIAL MOR MSRM 2025 NQM8 A1 144A  | CUSIP: 61779QAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    484236 | PA      | $484862.62    | 0.07%             | 2070-09-25      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL GLOBAL FUNDING                             | BRIGHTHSE FIN GLBL FUND SECURED REGS 04/27 5.55        | CUSIP: 10921V2J4<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507302.86    | 0.08%             | 2027-04-09      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| MIZUHO BANK LTD/ SYDNEY BRANCH                                   | MIZUHO BANK LTD/SYDNEY CERT OF DEPO 09/26 VAR          | CUSIP: ACI2JNV22<br>LEI: 254900O5B06Y1EPP2H33 | Long             | DBT              | CORP              | JP        |   1100000 | PA      | $736470.81    | 0.11%             | 2026-09-14      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| KKR CLO 42A LTD                                                  | KKR FINANCIAL CLO LTD KKR 42A AR 144A                  | CUSIP: 48255EAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3100000 | PA      | $3102325.00   | 0.47%             | 2034-07-20      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | BOUGHT AUD SOLD USD 20260114                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $8533.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2024-38                                        | FANNIE MAE FNR 2024 38 AF                              | CUSIP: 3136BR5A1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    412577 | PA      | $412887.54    | 0.06%             | 2047-12-25      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| SGSP (AUSTRALIA) ASSETS PTY LTD                                  | SGSP AUSTRALIA ASSETS COMPANY GUAR REGS 07/27 3.5      | CUSIP: ACI0W27H1<br>LEI: 254900BJJ12X7PJT5072 | Long             | DBT              | CORP              | AU        |    500000 | PA      | $495891.76    | 0.08%             | 2027-07-07      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2024-A                          | SMB PRIVATE EDUCATION LOAN TRU SMB 2024 A A1A 144A     | CUSIP: 831943AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    549345 | PA      | $559553.75    | 0.08%             | 2056-03-15      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2019-PLND                         | MORGAN STANLEY CAPITAL I TRUST MSC 2019 PLND A 144A    | CUSIP: 61691XAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $114000.00    | 0.02%             | 2036-05-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5508                                          | FREDDIE MAC FHR 5508 FB                                | CUSIP: 3137HJGE1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    427811 | PA      | $428099.23    | 0.06%             | 2055-02-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG/NEW YORK BRANCH                                 | DEUTSCHE BANK NY 11/27 VAR                             | CUSIP: 251526CN7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $602714.42    | 0.09%             | 2027-11-16      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | US 2YR NOTE (CBT) MAR26 XCBT 20260331                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      -328 | NC      | $-26842.51    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | 317UADSA1 PIMCO SWAPTION 3.65 PUT USD 20260909         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |  10800000 | NC      | $7306.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2022-C                          | SMB PRIVATE EDUCATION LOAN TRU SMB 2022 C A1B 144A     | CUSIP: 78449CAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    502289 | PA      | $509997.44    | 0.08%             | 2050-05-16      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                           | STANDARD CHARTERED PLC SR UNSECURED REGS 01/27 VAR     | CUSIP: ACI1TZQT3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $999192.75    | 0.15%             | 2027-01-14      | Floating      | 1.46%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP                    | PENSKE TRUCK LEASING/PTL SR UNSECURED 144A 01/27 5.35  | CUSIP: 709599BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $505853.37    | 0.08%             | 2027-01-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                          | GOLDMAN SACHS GROUP INC SR UNSECURED 09/27 VAR         | CUSIP: 38141GYG3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196549.51    | 0.03%             | 2027-09-10      | Floating      | 1.54%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                      | ROYAL CARIBBEAN CRUISES SR UNSECURED 10/27 7.5         | CUSIP: 780153AG7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    200000 | PA      | $211401.23    | 0.03%             | 2027-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                      | CITIBANK NA SR UNSECURED 12/26 VAR                     | CUSIP: 17325FBD9<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1007670.25   | 0.15%             | 2026-12-04      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                               | US TREASURY N/B 11/27 3.375                            | CUSIP: 91282CPL9<br>LEI: 254900HROIFWPRGM1V77 | Short            | DBT              | UST               | US        | -20000000 | PA      | $-19962890.60 | -3.02%            | 2027-11-30      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                             | KEURIG DR PEPPER INC COMPANY GUAR 03/27 VAR            | CUSIP: 49271VAS9<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   2390000 | PA      | $2394124.78   | 0.36%             | 2027-03-15      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| SKYWORKS SOLUTIONS INC                                           | SKYWORKS SOLUTIONS INC SR UNSECURED 06/26 1.8          | CUSIP: 83088MAK8<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296754.41    | 0.04%             | 2026-06-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| MFA 2020-NQM2 TRUST                                              | MFRA TRUST MFRA 2020 NQM2 A1 144A                      | CUSIP: 552751AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    102206 | PA      | $100393.60    | 0.02%             | 2065-04-25      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                              | UNITED AIRLINES INC SR SECURED 144A 04/26 4.375        | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3397792.72   | 0.51%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ISRAEL GOVT                                                      | ISRAEL FIXED BOND BONDS 02/26 0.5                      | CUSIP: ACI1XGRP7<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |   2200000 | PA      | $689916.63    | 0.10%             | 2026-02-27      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                 | BERRY GLOBAL INC SR SECURED 144A 07/26 4.875           | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1577000 | PA      | $1577340.90   | 0.24%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GROUP INC                                      | SAMMONS FINANCIAL GROUP SR UNSECURED 144A 05/27 4.45   | CUSIP: 79588TAC4<br>LEI: 254900SHCOQLVJ21CT59 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100024.92    | 0.02%             | 2027-05-12      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                            | TORONTO DOMINION BANK SR UNSECURED REGS 03/26 VAR      | CUSIP: ACI1WDJD1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $200276.69    | 0.03%             | 2026-03-17      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5532                                          | FREDDIE MAC FHR 5532 FA                                | CUSIP: 3137HKPJ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3579126 | PA      | $3595105.82   | 0.54%             | 2055-04-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5472                                          | FREDDIE MAC FHR 5472 FA                                | CUSIP: 3137HHEK3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3763678 | PA      | $3772123.18   | 0.57%             | 2054-11-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| TIAA CLO IV LTD 2018-1A                                          | TIAA CLO LTD TIA 2018 1A A1AR 144A                     | CUSIP: 88631YAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    784345 | PA      | $784727.48    | 0.12%             | 2032-01-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                               | ENERGY TRANSFER LP SR UNSECURED 01/26 4.75             | CUSIP: 29273RBG3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600112.23    | 0.09%             | 2026-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                | HSBC HOLDINGS PLC SR UNSECURED 08/27 VAR               | CUSIP: 404280DY2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $201262.44    | 0.03%             | 2027-08-14      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | BOUGHT ILS SOLD USD 20260115                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $935.08       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG/NEW YORK BRANCH                                 | DEUTSCHE BANK NY 07/27 VAR                             | CUSIP: 25160PAN7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    700000 | PA      | $710808.66    | 0.11%             | 2027-07-13      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2020-HA                | NAVIENT STUDENT LOAN TRUST NAVSL 2020 HA A 144A        | CUSIP: 63935BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    285175 | PA      | $270076.06    | 0.04%             | 2069-01-15      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2025-89                 | GOVERNMENT NATIONAL MORTGAGE A GNR 2025 89 PF          | CUSIP: 38385GMK2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    195088 | PA      | $196312.22    | 0.03%             | 2055-05-20      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                           | DIAMONDBACK ENERGY INC COMPANY GUAR 12/26 3.25         | CUSIP: 25278XAM1<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    700000 | PA      | $695190.34    | 0.11%             | 2026-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                       | FISERV INC SR UNSECURED 03/27 5.15                     | CUSIP: 337738BJ6<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505458.83    | 0.08%             | 2027-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                                                     | 7 ELEVEN INC SR UNSECURED 144A 02/26 0.95              | CUSIP: 817826AC4<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1694076.66   | 0.26%             | 2026-02-10      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SA RL                                        | EAGLE FUNDING LUXCO SARL SR UNSECURED 144A 08/30 5.5   | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |   3800000 | PA      | $3875392.00   | 0.59%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORPORATION                               | AMERICAN HONDA FINANCE SR UNSECURED 07/27 VAR          | CUSIP: 02665WGE5<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2412120.79   | 0.37%             | 2027-07-09      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST        | AERCAP IRELAND CAP/GLOBA COMPANY GUAR 10/26 2.45       | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   4300000 | PA      | $4242735.52   | 0.64%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5511                                          | FREDDIE MAC FHR 5511 FG                                | CUSIP: 3137HKKP8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1382731 | PA      | $1387522.90   | 0.21%             | 2055-03-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORPORATION                                   | JOHN DEERE CAPITAL CORP SR UNSECURED 07/27 VAR         | CUSIP: 24422EXW4<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1107016.60   | 0.17%             | 2027-07-15      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5546                                          | FREDDIE MAC FHR 5546 FB                                | CUSIP: 3137HLME9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3576237 | PA      | $3595596.93   | 0.54%             | 2055-06-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | US 10YR NOTE (CBT)MAR26 XCBT 20260320                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      -118 | NC      | $108751.64    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                              | GLOBAL PAYMENTS INC SR UNSECURED 01/27 2.15            | CUSIP: 37940XAG7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    600000 | PA      | $587665.60    | 0.09%             | 2027-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                             | KEURIG DR PEPPER INC COMPANY GUAR 11/26 VAR            | CUSIP: 49271VAY6<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    800000 | PA      | $800323.03    | 0.12%             | 2026-11-15      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                               | CREDIT AGRICOLE SA REGS 09/28 VAR                      | CUSIP: 22536PAM3<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    800000 | PA      | $804429.58    | 0.12%             | 2028-09-11      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2002-AR6                                       | WAMU MORTGAGE PASS THROUGH CER WAMU 2002 AR6 A         | CUSIP: 929227QB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       206 | PA      | $194.75       | 0.00%             | 2042-06-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | BARCLAYS CAPITAL REPO REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               |  | US        |  20025000 | PA      | $20025000.00  | 3.03%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES 2014-1 CLASS A PASS THROUGH TRUST              | AMER AIRLN 14 1 A PTT PASS THRU CE 04/28 3.7           | CUSIP: 02377AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    395218 | PA      | $393800.98    | 0.06%             | 2028-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| TRILLIUM CREDIT CARD TRUST II 2025-1A                            | TRILLIUM CREDIT CARD TRUST II TCCT 2025 1A A 144A      | CUSIP: 89621ACC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2800000 | PA      | $2810752.84   | 0.43%             | 2030-09-26      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2004-HE4                            | MORGAN STANLEY CAPITAL INC MSAC 2004 HE4 M1            | CUSIP: 61746RGK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    213795 | PA      | $230124.20    | 0.03%             | 2034-05-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FINANCE NORTH AMERICA LLC                          | MERCEDES BENZ FIN NA COMPANY GUAR 144A 03/28 VAR       | CUSIP: 58769JBF3<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1105476.03   | 0.17%             | 2028-03-31      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-16                                        | FANNIE MAE FNR 2025 16 FA                              | CUSIP: 3136BU5D8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1447869 | PA      | $1453027.06   | 0.22%             | 2055-03-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                          | HYUNDAI CAPITAL AMERICA SR UNSECURED 144A 01/27 VAR    | CUSIP: 44891ACW5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1310397.60   | 0.20%             | 2027-01-08      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-6                                         | FANNIE MAE FNR 2025 6 FA                               | CUSIP: 3136BUTN0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    506439 | PA      | $508895.92    | 0.08%             | 2055-02-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| AREIT TRUST 2022-CRE7                                            | AREIT CRE TRUST AREIT 2022 CRE7 A 144A                 | CUSIP: 00217VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1653355 | PA      | $1653826.05   | 0.25%             | 2039-06-17      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| CIFC FUNDING LTD 2017-4A                                         | CIFC FUNDING LTD CIFC 2017 4A A1R 144A                 | CUSIP: 12551JAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    435766 | PA      | $436302.49    | 0.07%             | 2030-10-24      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5496                                          | FREDDIE MAC FHR 5496 AF                                | CUSIP: 3137HHZL8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2035674 | PA      | $2042527.92   | 0.31%             | 2055-01-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| STONEPEAK 2021-1 ABS                                             | STONEPEAK SALTT 2021 1A AA 144A                        | CUSIP: 78433XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     85927 | PA      | $83923.36     | 0.01%             | 2033-02-28      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5557                                          | FREDDIE MAC FHR 5557 FM                                | CUSIP: 3137HLZ21<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    181896 | PA      | $182575.51    | 0.03%             | 2055-07-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2019-FL12 | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2019 FL12 A 144A  | CUSIP: 46651QAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    137825 | PA      | $137496.87    | 0.02%             | 2031-12-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2025-35                                               | FANNIE MAE FNR 2025 35 FM                              | CUSIP: 3136BVJ66<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    654406 | PA      | $659331.55    | 0.10%             | 2055-05-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| HOME EQUITY PASS-THRU CERTS 2002-3                               | HOME EQUITY ASSET TRUST HEAT 2002 3 A4                 | CUSIP: 22541NHE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        12 | PA      | $11.48        | 0.00%             | 2033-02-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS INC                                        | ROGERS COMMUNICATIONS IN COMPANY GUAR 03/27 3.2        | CUSIP: 775109CG4<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   1300000 | PA      | $1287457.82   | 0.20%             | 2027-03-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| BANQUE FEDERATIVE DU CREDIT MUTUEL (BFCM)                        | BANQUE FED CRED MUTUEL 144A 01/27 VAR                  | CUSIP: 06675DCH3<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   1200000 | PA      | $1206794.70   | 0.18%             | 2027-01-23      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| MASTR ASSET BACKED SEC TR 2006-HE4                               | MASTR ASSET BACKED SECURITIES MABS 2006 HE4 A1         | CUSIP: 576449AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1464 | PA      | $426.83       | 0.00%             | 2036-11-25      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2020-PTA                        | SMB PRIVATE EDUCATION LOAN TRU SMB 2020 PTA A2A 144A   | CUSIP: 78449VAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175985 | PA      | $166972.85    | 0.03%             | 2054-09-15      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI BANKING CORP/SYDNEY BRANCH                       | SUMITOMO MITSUI SYD CERT OF DEPO 07/26 VAR             | CUSIP: ACI2MP258<br>LEI: 5U0XI89JRFVHWIBS4F54 | Long             | DBT              | CORP              | JP        |   1300000 | PA      | $871025.26    | 0.13%             | 2026-07-28      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                               | SOUTHERN CAL EDISON 1ST MORTGAGE 06/27 4.7             | CUSIP: 842400HQ9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201685.02    | 0.03%             | 2027-06-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PRPM 2024-NQM2 TRUST                                             | PRESTON RIDGE PARTNERS MORTGAG PRPM 2024 NQM2 A1 144A  | CUSIP: 74448PAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    358643 | PA      | $363427.98    | 0.06%             | 2069-06-25      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| CARVAL CLO LTD 2018-1A                                           | CARVAL CLO LTD CARVL 2018 1A AR 144A                   | CUSIP: 146865AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1435193 | PA      | $1435928.49   | 0.22%             | 2031-07-16      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2023-H11                | GOVERNMENT NATIONAL MORTGAGE A GNR 2023 H11 FC         | CUSIP: 38382Y5C3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    190784 | PA      | $194469.61    | 0.03%             | 2073-05-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FUNDING LLC 2022-4                              | ENTERPRISE FLEET FINANCING LLC EFF 2022 4 A2 144A      | CUSIP: 29374GAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    161986 | PA      | $162544.60    | 0.02%             | 2029-10-22      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 3927                                                 | FREDDIE MAC FHR 3927 FH                                | CUSIP: 3137AFEP3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      5643 | PA      | $5600.42      | 0.00%             | 2041-09-15      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                          | NATIONAL BANK OF CANADA COMPANY GUAR 03/27 VAR         | CUSIP: 63307A2Y0<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   2100000 | PA      | $2102275.10   | 0.32%             | 2027-03-25      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | 317UBAJA6 PIMCO SWAPTION 4.25 PUT USD 20261209         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        | 167000000 | NC      | $43820.80     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FINANCE AMERICA MTGE LOAN TRUST 2004-2                           | FINANCE AMERICA MORTGAGE LOAN FINA 2004 2 M1           | CUSIP: 317350BD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    118561 | PA      | $115260.97    | 0.02%             | 2034-08-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FINANCE NORTH AMERICA LLC                          | MERCEDES BENZ FIN NA COMPANY GUAR 144A 07/26 VAR       | CUSIP: 58769JAV9<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1903744.82   | 0.29%             | 2026-07-31      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| FREMONT HOME LOAN TRUST 2005-A                                   | FREMONT HOME LOAN TRUST FHLT 2005 A M3                 | CUSIP: 35729PHN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14932 | PA      | $14907.83     | 0.00%             | 2035-01-25      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2020-PTB                        | SMB PRIVATE EDUCATION LOAN TRU SMB 2020 PTB A2B 144A   | CUSIP: 78449DAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    693548 | PA      | $690883.02    | 0.10%             | 2054-09-15      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5480                                          | FREDDIE MAC FHR 5480 FG                                | CUSIP: 3137HHUD1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1630339 | PA      | $1636335.65   | 0.25%             | 2054-12-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY INC                             | GENERAL MOTORS FINL CO SR UNSECURED 07/27 VAR          | CUSIP: 37045XEW2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   4700000 | PA      | $4706650.17   | 0.71%             | 2027-07-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| DELL EQUIPMENT FINANCE TRUST 2024-2                              | DELL EQUIPMENT FINANCE TRUST DEFT 2024 2 A2 144A       | CUSIP: 24704EAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550828 | PA      | $551885.44    | 0.08%             | 2030-08-22      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                         | BAXTER INTERNATIONAL INC SR UNSECURED 02/29 4.45       | CUSIP: 071813DC0<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200751.41    | 0.03%             | 2029-02-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2024-CES1                              | TOWD POINT MORTGAGE TRUST TPMT 2024 CES1 A1A 144A      | CUSIP: 89183CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    285572 | PA      | $287335.66    | 0.04%             | 2064-01-25      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| CS FIRST BOSTON MTG SEC CORP 2002-HE1                            | CREDIT SUISSE FIRST BOSTON MOR CSFB 2002 HE1 A2        | CUSIP: 22540VUG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1058 | PA      | $1029.49      | 0.00%             | 2032-08-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| FHLMC STRUCTURED PASS THRU SEC T-61                              | FHLMC STRUCTURED PASS THROUGH FSPC T 61 1A1            | CUSIP: 31395A3J2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      5960 | PA      | $5803.96      | 0.00%             | 2044-07-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2025-35                                               | FANNIE MAE FNR 2025 35 FB                              | CUSIP: 3136BVF78<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    828785 | PA      | $833287.33    | 0.13%             | 2055-05-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                                             | ERAC USA FINANCE LLC                                   | CUSIP: 26882SAC0<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |   6600000 | PA      | $6591443.76   | 1.00%             | 2026-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOBAL FUNDING                                        | COREBRIDGE GLOB FUNDING SECURED 144A 01/28 VAR         | CUSIP: 00138CBE7<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1801233.85   | 0.27%             | 2028-01-07      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| ELFI GRADUATE LOAN PROGRAM 2021-A LLC                            | ELFI GRADUATE LOAN PROGRAM 202 ELFI 2021 A A 144A      | CUSIP: 28628BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    406857 | PA      | $366362.49    | 0.06%             | 2046-12-26      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| BANQUE FEDERATIVE DU CREDIT MUTUEL (BFCM)                        | BANQUE FED CRED MUTUEL REGS 07/26 VAR                  | CUSIP: F0803NAF9<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    600000 | PA      | $603550.85    | 0.09%             | 2026-07-13      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                               | TREASURY BILL 04/26 0.00000                            | CUSIP: 912797SD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 124900000 | PA      | $123791955.90 | 18.75%            | 2026-04-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5513                                          | FREDDIE MAC FHR 5513 MF                                | CUSIP: 3137HKEX8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6894077 | PA      | $6923571.65   | 1.05%             | 2054-11-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2004-1                                    | SEQUOIA MORTGAGE TRUST SEMT 2004 1 A                   | CUSIP: 81744FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     38531 | PA      | $35045.24     | 0.01%             | 2034-02-20      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| BANQUE FEDERATIVE DU CREDIT MUTUEL (BFCM)                        | BANQUE FED CRED MUTUEL 144A 02/28 VAR                  | CUSIP: 06675DCL4<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   1600000 | PA      | $1611295.38   | 0.24%             | 2028-02-16      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                        | ONEOK INC COMPANY GUAR 11/26 5.55                      | CUSIP: 682680BH5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $707796.51    | 0.11%             | 2026-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                 | SOCIETE GENERALE REGS 06/27 VAR                        | CUSIP: 83368TBC1<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    700000 | PA      | $692625.41    | 0.10%             | 2027-06-09      | Floating      | 1.79%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2006-AR9                                       | WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR9 1A        | CUSIP: 93363DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4586 | PA      | $4262.35      | 0.00%             | 2046-08-25      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| MA MONEY PINNACLE RESIDENTIAL SECURITISATION TRUST 2025-1        | MA MONEY RESIDENTIAL SECURITIS MAMAU 2025 1PN A1S      | CUSIP: ACI2TXMZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |     69567 | PA      | $46431.87     | 0.01%             | 2066-04-15      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| NXP BV / NXP FUNDING LLC / NXP USA INC                           | NXP BV/NXP FDG/NXP USA COMPANY GUAR 06/27 4.4          | CUSIP: 62954HBE7<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    934000 | PA      | $938235.12    | 0.14%             | 2027-06-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                               | BMW US CAPITAL LLC COMPANY GUAR 144A 03/28 VAR         | CUSIP: 05565ECX1<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2713614.32   | 0.41%             | 2028-03-21      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| SBNA AUTO LEASE TRUST 2024-B                                     | SBNA AUTO LEASE TRUST SBALT 2024 B A3 144A             | CUSIP: 78437VAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    737665 | PA      | $741628.24    | 0.11%             | 2027-11-22      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HOLDINGS PLC                                  | SANTANDER UK GROUP HLDGS SR UNSECURED 06/27 VAR        | CUSIP: 80281LAQ8<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $197791.12    | 0.03%             | 2027-06-14      | Floating      | 1.67%                 | No            |                  2 | On Loan: No      |
| CITIZENS AUTO RECEIVABLES TRUST 2023-1                           | CITIZENS AUTO RECEIVABLES TRUS CITZN 2023 1 A3 144A    | CUSIP: 17331KAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    153296 | PA      | $154217.43    | 0.02%             | 2028-01-18      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2018-3                                 | TOWD POINT MORTGAGE TRUST TPMT 2018 3 A1 144A          | CUSIP: 89175MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    213001 | PA      | $210241.32    | 0.03%             | 2058-05-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | RFR USD SOFR/4.10000 02/11/25-1Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $158233.89    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ELECTRIC POWER COMPANY                              | SOUTHWESTERN ELEC POWER SR UNSECURED 10/26 2.75        | CUSIP: 845437BP6<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |    600000 | PA      | $594730.45    | 0.09%             | 2026-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2012-4A                                | NELNET STUDENT LOAN TRUST NSLT 2012 4A A 144A          | CUSIP: 64033AAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    639116 | PA      | $637243.48    | 0.10%             | 2038-09-27      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2019-H20                | GOVERNMENT NATIONAL MORTGAGE A GNR 2019 H20 FC         | CUSIP: 38380LQ55<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     40471 | PA      | $40495.74     | 0.01%             | 2069-11-20      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| VENTURE XXIX CLO LTD 2017-29A                                    | VENTURE CDO LTD VENTR 2017 29A AR 144A                 | CUSIP: 92331EAF3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     73217 | PA      | $73256.69     | 0.01%             | 2030-09-07      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FINANCE NORTH AMERICA LLC                          | MERCEDES BENZ FIN NA COMPANY GUAR REGS 04/27 VAR       | CUSIP: U5876JBD6<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    700000 | PA      | $702534.00    | 0.11%             | 2027-04-01      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FUNDING LIMITED                                  | AVOLON HOLDINGS FNDG LTD COMPANY GUAR 144A 02/26 2.125 | CUSIP: 05401AAM3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1041000 | PA      | $1037675.50   | 0.16%             | 2026-02-21      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-INV1                    | GS MORTGAGE BACKED SECURITIES GSMBS 2021 INV1 A9 144A  | CUSIP: 36263KAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    219015 | PA      | $204262.78    | 0.03%             | 2051-12-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST 2025-2                                   | CARMAX AUTO OWNER TRUST CARMX 2025 2 A2A               | CUSIP: 14320AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1377266 | PA      | $1381577.06   | 0.21%             | 2028-07-17      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| IMPAC CMB TR 2004-10                                             | IMPAC CMB TRUST IMM 2004 10 1A1                        | CUSIP: 45254NLJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     45264 | PA      | $44447.81     | 0.01%             | 2035-03-25      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                            | UBER TECHNOLOGIES INC COMPANY GUAR 144A 08/29 4.5      | CUSIP: 90353TAK6<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1803596.40   | 0.27%             | 2029-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2022-4        | GM FINANCIAL SECURITIZED TERM GMCAR 2022 4 A4          | CUSIP: 36265QAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1508142.90   | 0.23%             | 2028-08-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                               | TSY INFL IX N/B 10/26 0.125                            | CUSIP: 91282CDC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9770792 | PA      | $9680696.50   | 1.47%             | 2026-10-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & CO                                             | JPMORGAN CHASE + CO SR UNSECURED 04/28 VAR             | CUSIP: 46647PEF9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1406870.29   | 0.21%             | 2028-04-22      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| CS FIRST BOSTON MTGE SEC CORP 2003-AR15                          | CREDIT SUISSE FIRST BOSTON MOR CSFB 2003 AR15 2A1      | CUSIP: 22541QCT7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1536 | PA      | $1489.05      | 0.00%             | 2033-06-25      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | WELLS FARGO + COMPANY SR UNSECURED 01/28 VAR           | CUSIP: 95000U3S0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4410966.03   | 0.67%             | 2028-01-24      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | SOLD AUD BOUGHT USD 20260114                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $-116245.31   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                              | NATWEST MARKETS PLC SR UNSECURED 144A 05/27 VAR        | CUSIP: 63906YAK4<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $805012.96    | 0.12%             | 2027-05-17      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                          | HCA INC COMPANY GUAR 03/28 VAR                         | CUSIP: 404119CX5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006776.43   | 0.15%             | 2028-03-01      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                              | NATWEST MARKETS PLC SR UNSECURED REGS 09/26 VAR        | CUSIP: G6382GWU2<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   1300000 | PA      | $1303732.46   | 0.20%             | 2026-09-29      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2023-B                          | SMB PRIVATE EDUCATION LOAN TRU SMB 2023 B A1B 144A     | CUSIP: 78449HAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    256711 | PA      | $262217.17    | 0.04%             | 2056-10-16      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE CORPORATION                              | NISSAN MOTOR ACCEPTANCE SR UNSECURED REGS 09/26 1.85   | CUSIP: U6547TAC4<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195746.14    | 0.03%             | 2026-09-16      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                                 | ABN AMRO BANK NV REGS 12/28 VAR                        | CUSIP: 00084EAJ7<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $200752.97    | 0.03%             | 2028-12-03      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | WELLS FARGO + COMPANY SR UNSECURED 04/28 VAR           | CUSIP: 95000U3M3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201163.36    | 0.03%             | 2028-04-22      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5534                                          | FREDDIE MAC FHR 5534 FM                                | CUSIP: 3137HLEP3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3597588 | PA      | $3614287.03   | 0.55%             | 2055-05-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                               | FORD MOTOR COMPANY SR UNSECURED 08/26 7.5              | CUSIP: 345370BP4<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304097.11    | 0.05%             | 2026-08-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2002-AR17                                      | WAMU MORTGAGE PASS THROUGH CER WAMU 2002 AR17 1A       | CUSIP: 929227XB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1505 | PA      | $1459.65      | 0.00%             | 2042-11-25      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                         | LLOYDS BANKING GROUP PLC SR UNSECURED 01/28 VAR        | CUSIP: 53944YAY9<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1010339.99   | 0.15%             | 2028-01-05      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                               | BMW US CAPITAL LLC COMPANY GUAR 144A 03/27 VAR         | CUSIP: 05565ECV5<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1305326.14   | 0.20%             | 2027-03-19      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                                      | PNC BANK NA SR UNSECURED 07/28 VAR                     | CUSIP: 69353RGA0<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2003468.20   | 0.30%             | 2028-07-21      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| VOLVO FINANCIAL EQUIPMENT LLC SERIES 2024-1A                     | VOLVO FINANCIAL EQUIPMENT LLC VFET 2024 1A A2 144A     | CUSIP: 92887QAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    886564 | PA      | $888051.62    | 0.13%             | 2027-05-17      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING LLC 2022-3                            | ENTERPRISE FLEET FINANCING LLC EFF 2022 3 A2 144A      | CUSIP: 29374FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     58346 | PA      | $58376.69     | 0.01%             | 2029-07-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2019-GS2                           | MILL CITY MORTGAGE TRUST MCMLT 2019 GS2 A1 144A        | CUSIP: 59981TAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    190358 | PA      | $185977.03    | 0.03%             | 2059-08-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2023-BA                | NAVIENT STUDENT LOAN TRUST NAVSL 2023 BA A1B 144A      | CUSIP: 63942TAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    457798 | PA      | $462220.79    | 0.07%             | 2072-03-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                             | LAS VEGAS SANDS CORP SR UNSECURED 06/27 5.9            | CUSIP: 517834AJ6<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    600000 | PA      | $612275.56    | 0.09%             | 2027-06-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | WELLS FARGO + COMPANY SR UNSECURED REGS 05/27 1.5      | CUSIP: ACI0V7KT0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    500000 | PA      | $579644.76    | 0.09%             | 2027-05-24      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                         | SVENSKA HANDELSBANKEN AB 144A 05/27 VAR                | CUSIP: 86959LAR4<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |    700000 | PA      | $702804.33    | 0.11%             | 2027-05-28      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-INV2                             | VERUS SECURITIZATION TRUST VERUS 2023 INV2 A1 144A     | CUSIP: 92540BAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    114933 | PA      | $115575.49    | 0.02%             | 2068-08-25      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA/SYDNEY BRANCH                                 | BANK OF AMERICA NA AUSTR SR UNSECURED REGS 10/26 VAR   | CUSIP: ACI2KNVH7<br>LEI: B4TYDEB6GKMZO031MB27 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $670700.13    | 0.10%             | 2026-10-30      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP LLC                                       | AVIATION CAPITAL GROUP SR UNSECURED 144A 09/26 1.95    | CUSIP: 05369AAL5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2460096.98   | 0.37%             | 2026-09-20      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| LCM 30 LTD                                                       | LCM LTD PARTNERSHIP LCM 30A AR 144A                    | CUSIP: 50200YAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    610827 | PA      | $611237.34    | 0.09%             | 2031-04-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                         | LLOYDS BANKING GROUP PLC SR UNSECURED 08/27 VAR        | CUSIP: 53944YAW3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $603841.51    | 0.09%             | 2027-08-07      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                               | SOUTHERN CAL EDISON 1ST REF MORT 03/28 3.65            | CUSIP: 842400GJ6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296679.45    | 0.04%             | 2028-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| KKR CLO 36A LTD                                                  | KKR FINANCIAL CLO LTD KKR 36A AR 144A                  | CUSIP: 48255AAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3200000 | PA      | $3201076.77   | 0.48%             | 2034-10-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| LCM LOAN INCOME FUND I LTD                                       | LCM LOAN INCOME FUND LTD LCMLF 1A A 144A               | CUSIP: 50189XAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    203603 | PA      | $203853.84    | 0.03%             | 2031-04-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                             | FNMA POOL 775852 FN 03/44 FLOATING VAR                 | CUSIP: 31404Q5M7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      3118 | PA      | $3156.70      | 0.00%             | 2044-03-01      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| MMAF EQUIPMENT FINANCE LLC 2023-A                                | MMAF EQUIPMENT FINANCE LLC MMAF 2023 A A2 144A         | CUSIP: 55317WAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9288 | PA      | $9292.57      | 0.00%             | 2026-11-13      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST 2021-RPL4                                             | CREDIT SUISSE MORTGAGE TRUST CSMC 2021 RPL4 A1 144A    | CUSIP: 12662GAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    569392 | PA      | $567620.31    | 0.09%             | 2060-12-27      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL1                    | GS MORTGAGE BACKED SECURITIES GSMBS 2021 RPL1 A1 144A  | CUSIP: 36261WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1045998 | PA      | $984587.89    | 0.15%             | 2060-12-25      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LIMITED                                                | AIRCASTLE LTD COMPANY GUAR 06/26 4.25                  | CUSIP: 00928QAS0<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    200000 | PA      | $200019.30    | 0.03%             | 2026-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE (CIBC)                        | CANADIAN IMPERIAL BANK SR UNSECURED 06/27 VAR          | CUSIP: 13607L8D8<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $302178.17    | 0.05%             | 2027-06-28      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA INC                                       | SANTANDER HOLDINGS USA SR UNSECURED 10/26 3.244        | CUSIP: 80282KAZ9<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1391646.89   | 0.21%             | 2026-10-05      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & CO                                             | JPMORGAN CHASE + CO SR UNSECURED 09/27 VAR             | CUSIP: 46647PCQ7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501316.61    | 0.08%             | 2027-09-22      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT FLOORPLAN MASTER OWNER TRUST A 2024-3                | FORD CREDIT FLOORPLAN MASTER O FORDF 2024 3 A2 144A    | CUSIP: 34528QJL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1506970.50   | 0.23%             | 2029-09-15      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                     | BARCLAYS PLC SR UNSECURED 09/27 VAR                    | CUSIP: 06738ECM5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $201784.87    | 0.03%             | 2027-09-13      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                               | CREDIT AGRICOLE SA 144A 01/27 VAR                      | CUSIP: 22535WAH0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   1300000 | PA      | $1297312.32   | 0.20%             | 2027-01-26      | Floating      | 1.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | 317UBAKA4 PIMCO SWAPTION 4.25 PUT USD 20261209         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |   1200000 | NC      | $314.88       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                      | BNP PARIBAS 144A 06/27 VAR                             | CUSIP: 09659W2Q6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    800000 | PA      | $790160.44    | 0.12%             | 2027-06-30      | Floating      | 1.68%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2021-NMR1                          | MILL CITY MORTGAGE TRUST MCMLT 2021 NMR1 A1 144A       | CUSIP: 59982HAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    304658 | PA      | $294347.60    | 0.04%             | 2060-11-25      | Variable      | 1.12%                 | No            |                  2 | On Loan: No      |
| GALLATIN FUNDING LTD, GALLATIN CLO VII LLC 2017-1A               | GALLATIN LOAN MANAGEMENT, LLC GALL 2017 1A A1R 144A    | CUSIP: 36361UAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    505698 | PA      | $505976.93    | 0.08%             | 2031-07-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                               | TREASURY BILL 03/26 0.00000                            | CUSIP: 912797TB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    265000 | PA      | $262731.46    | 0.04%             | 2026-03-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-RCF6 LLC                                               | PRESTON RIDGE PARTNERS MORTGAG PRPM 2025 RCF6 A1 144A  | CUSIP: 69393BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $199967.54    | 0.03%             | 2055-12-25      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| FHLMC STRUCTURED PASS THRU SEC T-62                              | FHLMC STRUCTURED PASS THROUGH FSPC T 62 1A1            | CUSIP: 31395HHV5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     16426 | PA      | $15164.72     | 0.00%             | 2044-10-25      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                             | GNMA II POOL 080579 G2 02/32 FLOATING VAR              | CUSIP: 36225CUD6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      1011 | PA      | $1026.40      | 0.00%             | 2032-02-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2021-SJ2                               | TOWD POINT MORTGAGE TRUST TPMT 2021 SJ2 A1A 144A       | CUSIP: 89180LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    435000 | PA      | $425160.86    | 0.06%             | 2061-12-25      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST        | AERCAP IRELAND CAP/GLOBA COMPANY GUAR 01/27 6.1        | CUSIP: 00774MBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    900000 | PA      | $917346.31    | 0.14%             | 2027-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE FUNDING II LLC 2023-1A                                | CHESAPEAKE FUNDING II LLC CFII 2023 1A A2 144A         | CUSIP: 165183CV4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    736614 | PA      | $739336.17    | 0.11%             | 2035-05-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2020-NQM1                    | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2020 NQM1 A1 144A   | CUSIP: 64830VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    578854 | PA      | $547738.81    | 0.08%             | 2060-01-26      | Variable      | 2.46%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                          | BPCE SA REGS 01/27 VAR                                 | CUSIP: 05584KAN8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $250154.82    | 0.04%             | 2027-01-18      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                               | SOUTHERN CAL EDISON 1ST MORTGAGE 02/27 4.875           | CUSIP: 842400JA2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201362.95    | 0.03%             | 2027-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 4948                                          | FREDDIE MAC FHR 4948 E                                 | CUSIP: 3137FQZF3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    129397 | PA      | $119579.46    | 0.02%             | 2048-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA/NEW YORK BRANCH                         | COOPERAT RABOBANK UA/NY SR UNSECURED 03/27 VAR         | CUSIP: 21688ABE1<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   1400000 | PA      | $1407380.35   | 0.21%             | 2027-03-05      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| FIRSTMAC MORTGAGE FUNDING TRUST NO. 4 SERIES 2021-2              | FIRSTMAC MORTGAGE FUNDING TRUS FMACB 2021 2 A1 REGS    | CUSIP: ACI1XHY51<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |    671693 | PA      | $447232.60    | 0.07%             | 2052-09-24      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                          | BPCE SA 144A 01/27 VAR                                 | CUSIP: 05583JAN2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   3200000 | PA      | $3201981.66   | 0.49%             | 2027-01-18      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORPORATION                                          | DUKE ENERGY CORP SR UNSECURED 01/27 4.85               | CUSIP: 26441CCB9<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1413502.50   | 0.21%             | 2027-01-05      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                            | AIR LEASE CORP SR UNSECURED 06/26 5.3                  | CUSIP: 00914AAW2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1608376.91   | 0.24%             | 2026-06-25      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM3 TRUST                                              | ONSLOW BAY FINANCIAL LLC OBX 2024 NQM3 A1 144A         | CUSIP: 67118KAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    857621 | PA      | $866639.52    | 0.13%             | 2063-12-25      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5517                                          | FREDDIE MAC FHR 5517 FE                                | CUSIP: 3137HKGJ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1906295 | PA      | $1922703.87   | 0.29%             | 2055-03-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| TULANE UNIVERSITY                                                | TULANE LA UNIV TULHGR 02/36 FLOATING VAR               | CUSIP: 899062BQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $1858186.18   | 0.28%             | 2036-02-15      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                            | ATHENE GLOBAL FUNDING SECURED 144A 01/27 4.95          | CUSIP: 04685A4E8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    600000 | PA      | $604488.14    | 0.09%             | 2027-01-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                     | UBS GROUP AG SR UNSECURED 144A 01/27 VAR               | CUSIP: 902613AC2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    800000 | PA      | $798220.56    | 0.12%             | 2027-01-30      | Floating      | 1.36%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2006-AR3                                       | WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR3 A1A       | CUSIP: 92925CDA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5036 | PA      | $4670.50      | 0.00%             | 2046-02-25      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| NAVIENT REFINANCE LOAN TRUST 2025-C                              | NAVIENT REFINANCE LOAN TRUST NAVRL 2025 C A 144A       | CUSIP: 638973AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1454368 | PA      | $1458784.13   | 0.22%             | 2055-10-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                               | TSY INFL IX N/B 07/26 0.125                            | CUSIP: 912828S50<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10459449 | PA      | $10398753.34  | 1.58%             | 2026-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| LEGACY MORTGAGE ASSET TRUST 2021-GS3                             | LEGACY MORTGAGE ASSET TRUST LMAT 2021 GS3 A1 144A      | CUSIP: 52474XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    299348 | PA      | $299590.31    | 0.05%             | 2061-07-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5565                                          | FREDDIE MAC FHR 5565 FB                                | CUSIP: 3137HMGK0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    492281 | PA      | $496762.02    | 0.08%             | 2055-08-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE (CIBC)                        | CANADIAN IMPERIAL BANK SR UNSECURED 09/28 VAR          | CUSIP: 13607QFC1<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   3200000 | PA      | $3206636.32   | 0.49%             | 2028-09-08      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| PIKES PEAK CLO 2019-4A                                           | PIKES PEAK CLO PIPK 2019 4A ARR 144A                   | CUSIP: 72132WAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3002645.16   | 0.45%             | 2034-07-15      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                      | CITIBANK NA SR UNSECURED 08/26 VAR                     | CUSIP: 17325FBH0<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2103927.88   | 0.32%             | 2026-08-06      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | 317UA27A8 PIMCO SWAPTION 2.5 CALL USD 20260213         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        | 196600000 | NC      | $2988.32      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5549                                          | FREDDIE MAC FHR 5549 CF                                | CUSIP: 3137HLSA1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3137229 | PA      | $3174201.45   | 0.48%             | 2052-10-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| VERDELITE STATIC CLO LTD 2024-1                                  | VERDELITE STATIC CLO LTD BVSTAT 2024 1A A 144A         | CUSIP: 92338VAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2085608 | PA      | $2086176.07   | 0.32%             | 2032-07-20      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM5 TRUST                                              | ONSLOW BAY FINANCIAL LLC OBX 2024 NQM5 A1 144A         | CUSIP: 67448NAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    392754 | PA      | $396408.30    | 0.06%             | 2064-01-25      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| PRKCM 2024-AFC1 TRUST                                            | PRKCM TRUST PRKCM 2024 AFC1 A1 144A                    | CUSIP: 69380WAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    104892 | PA      | $105983.49    | 0.02%             | 2059-03-25      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| GREENPOINT MTGE FUNDING TR 2005-AR1                              | GREENPOINT MORTGAGE FUNDING TR GPMF 2005 AR1 A2        | CUSIP: 39538RAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4101 | PA      | $3704.31      | 0.00%             | 2045-06-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE CORPORATION                              | NISSAN MOTOR ACCEPTANCE SR UNSECURED 144A 03/26 2      | CUSIP: 654740BS7<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1195175.28   | 0.18%             | 2026-03-09      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                          | MPLX LP SR UNSECURED 03/27 4.125                       | CUSIP: 55336VAK6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    900000 | PA      | $900755.15    | 0.14%             | 2027-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-CES2                                                   | ELLINGTON FINANCIAL MORTGAGE T EFMT 2025 CES2 A1A 144A | CUSIP: 28225GAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    435473 | PA      | $440858.28    | 0.07%             | 2060-02-25      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                               | SOUTHERN CAL EDISON 1ST MORTGAGE 02/26 1.2             | CUSIP: 842400GV9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3487448.79   | 0.53%             | 2026-02-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                                   | VAR ENERGI ASA SR UNSECURED 144A 05/27 5               | CUSIP: 92212WAA8<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    700000 | PA      | $706572.29    | 0.11%             | 2027-05-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM 2025-2 TRUST                          | SOFI CONSUMER LOAN PROGRAM TRU SCLP 2025 2 A 144A      | CUSIP: 83407HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    606967 | PA      | $610627.35    | 0.09%             | 2034-06-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| PINNACLE WEST CAPITAL CORPORATION                                | PINNACLE WEST CAPITAL SR UNSECURED 06/26 VAR           | CUSIP: 723484AL5<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    800000 | PA      | $801454.53    | 0.12%             | 2026-06-10      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL GLOBAL FUNDING                             | BRIGHTHSE FIN GLBL FUND SECURED 144A 05/26 1.55        | CUSIP: 10921U2C1<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1286209.17   | 0.19%             | 2026-05-24      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| FRESENIUS MEDICAL CARE US FINANCE III INC                        | FRESENIUS MED CARE III COMPANY GUAR 144A 12/26 1.875   | CUSIP: 35805BAC2<br>LEI: 5299006ZHLMXOOUVTU44 | Long             | DBT              | CORP              | US        |    800000 | PA      | $782182.10    | 0.12%             | 2026-12-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2023-C                          | SMB PRIVATE EDUCATION LOAN TRU SMB 2023 C A1B 144A     | CUSIP: 83207DAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    618777 | PA      | $625638.90    | 0.09%             | 2052-11-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| BLUEMOUNTAIN CLO LTD 2018-3A                                     | BLUEMOUNTAIN CLO LTD BLUEM 2018 3A A1R 144A            | CUSIP: 09630AAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    343350 | PA      | $343767.23    | 0.05%             | 2030-10-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                                 | ABN AMRO BANK NV REGS 09/27 VAR                        | CUSIP: 00084EAF5<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    700000 | PA      | $706108.36    | 0.11%             | 2027-09-18      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2024-H12                | GOVERNMENT NATIONAL MORTGAGE A GNR 2024 H12 FC         | CUSIP: 38383KZF2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    386250 | PA      | $390274.90    | 0.06%             | 2074-07-20      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE CORPORATION                              | NISSAN MOTOR ACCEPTANCE SR UNSECURED 144A 09/26 6.95   | CUSIP: 65480CAE5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202858.11    | 0.03%             | 2026-09-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                           | MORGAN STANLEY BANK NA SR UNSECURED 05/28 VAR          | CUSIP: 61690U8C7<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1103588.79   | 0.17%             | 2028-05-26      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2025-A                          | SMB PRIVATE EDUCATION LOAN TRU SMB 2025 A A1B 144A     | CUSIP: 83207EAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    931038 | PA      | $942475.31    | 0.14%             | 2054-04-15      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                                 | ABN AMRO BANK NV 144A 12/28 VAR                        | CUSIP: 00084DBE9<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   5400000 | PA      | $5420330.30   | 0.82%             | 2028-12-03      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | RFR GBP SONIO/3.75000 09/17/25-5Y LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |         1 | NC      | $57248.65     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JDE PEETS NV                                                     | JDE PEET S NV COMPANY GUAR 144A 01/27 1.375            | CUSIP: 47216QAB9<br>LEI: 724500EHG519SE5ZRT89 | Long             | DBT              | CORP              | NL        |    800000 | PA      | $775301.47    | 0.12%             | 2027-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | AUST 3YR BOND FUT MAR26 XSFE 20260316                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | AU        |       488 | NC      | $33392.27     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FANNIE MAE REMICS 2025-99                                        | FANNIE MAE FNR 2025 99 KF                              | CUSIP: 3136BXY40<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    597457 | PA      | $599627.03    | 0.09%             | 2055-11-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                             | ROYAL BANK OF CANADA SR UNSECURED 10/28 VAR            | CUSIP: 78017FZU0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $502490.73    | 0.08%             | 2028-10-18      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| PRPM 2024-NQM4 TRUST                                             | PRESTON RIDGE PARTNERS MORTGAG PRPM 2024 NQM4 A1 144A  | CUSIP: 69381UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    155019 | PA      | $156241.67    | 0.02%             | 2069-12-26      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                               | TSY INFL IX N/B 04/29 2.125                            | CUSIP: 91282CKL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1958003 | PA      | $1999763.44   | 0.30%             | 2029-04-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                     | BARCLAYS PLC SR UNSECURED 01/26 4.375                  | CUSIP: 06738EAN5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1200000 | PA      | $1200088.20   | 0.18%             | 2026-01-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORPORATION                               | AMERICAN HONDA FINANCE SR UNSECURED 03/27 VAR          | CUSIP: 02665WGM7<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1604199.46   | 0.24%             | 2027-03-08      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-R2                               | VERUS SECURITIZATION TRUST VERUS 2025 R2 A1 144A       | CUSIP: 92541EAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003216.70   | 0.15%             | 2067-07-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                | BARCLAYS BANK PLC SR UNSECURED 11/27 VAR               | CUSIP: 06746BVA6<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $501618.02    | 0.08%             | 2027-11-26      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                                                     | SK HYNIX INC SR UNSECURED REGS 01/26 6.25              | CUSIP: Y8085FBJ8<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |    800000 | PA      | $801892.80    | 0.12%             | 2026-01-17      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                                      | SWEDBANK AB REGS 09/27 5.337                           | CUSIP: ACI286S09<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |   1800000 | PA      | $1841806.96   | 0.28%             | 2027-09-20      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ADJUSTABLE RATE MORTGAGE TRUST 2003-8               | BEAR STEARNS ADJUSTABLE RATE M BSARM 2003 8 4A1        | CUSIP: 07384MZV7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       652 | PA      | $648.37       | 0.00%             | 2034-01-25      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | US ULTRA BOND CBT MAR26 XCBT 20260320                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -60 | NC      | $73651.59     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                             | ROYAL BANK OF CANADA SR UNSECURED 07/27 VAR            | CUSIP: 78016HZY9<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $300729.59    | 0.05%             | 2027-07-23      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE CORPORATION                              | NISSAN MOTOR ACCEPTANCE SR UNSECURED REGS 03/26 2      | CUSIP: U65478BU9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    600000 | PA      | $597587.64    | 0.09%             | 2026-03-09      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                            | AIR LEASE CORP SR UNSECURED 01/26 2.875                | CUSIP: 00914AAJ1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2098891.12   | 0.32%             | 2026-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2024-103                                       | FANNIE MAE FNR 2024 103 FC                             | CUSIP: 3136BUQH6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2441990 | PA      | $2450478.70   | 0.37%             | 2055-01-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                               | SOUTHERN CAL EDISON 1ST MORTGAGE 03/26 5.35            | CUSIP: 842400JB0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001861.50   | 0.15%             | 2026-03-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST        | AERCAP IRELAND CAP/GLOBA COMPANY GUAR 01/26 1.75       | CUSIP: 00774MAS4<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    700000 | PA      | $698805.59    | 0.11%             | 2026-01-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                           | MORGAN STANLEY BANK NA SR UNSECURED 01/28 VAR          | CUSIP: 61690U7Z7<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1913299.20   | 0.29%             | 2028-01-14      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                 | BERRY GLOBAL INC SR SECURED 01/27 1.65                 | CUSIP: 08576PAF8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1404000 | PA      | $1367519.98   | 0.21%             | 2027-01-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINANCE NORTH AMERICA LLC                          | DAIMLER TRUCK FINAN NA COMPANY GUAR 144A 01/28 VAR     | CUSIP: 233853BB5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    400000 | PA      | $399464.78    | 0.06%             | 2028-01-13      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                               | SOUTHERN CAL EDISON 1ST MORTGAGE 09/26 4.4             | CUSIP: 842400JF1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    900000 | PA      | $901746.23    | 0.14%             | 2026-09-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2021-D                          | SMB PRIVATE EDUCATION LOAN TRU SMB 2021 D A1A 144A     | CUSIP: 78449MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    149989 | PA      | $142119.76    | 0.02%             | 2053-03-17      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                     | BARCLAYS PLC SR UNSECURED 05/27 VAR                    | CUSIP: 06738ECF0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1700000 | PA      | $1709839.62   | 0.26%             | 2027-05-09      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2025-CES3                              | TOWD POINT MORTGAGE TRUST TPMT 2025 CES3 A1A 144A      | CUSIP: 891949BU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1411908 | PA      | $1418840.92   | 0.21%             | 2065-08-25      | Variable      | 5.28%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET MTG INV INC 2005-AR2                            | STRUCTURED ASSET MORTGAGE INVE SAMI 2005 AR2 2A1       | CUSIP: 86359LJA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8343 | PA      | $8012.60      | 0.00%             | 2045-05-25      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                    | FORD MOTOR CREDIT CO LLC SR UNSECURED 01/27 4.271      | CUSIP: 345397A45<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1691804.61   | 0.26%             | 2027-01-09      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC                                             | KYNDRYL HOLDINGS INC SR UNSECURED 10/26 2.05           | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295170.35    | 0.04%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5484                                          | FREDDIE MAC FHR 5484 FA                                | CUSIP: 3137HHKS9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1105088 | PA      | $1109240.20   | 0.17%             | 2054-12-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                                          | BANK OF NOVA SCOTIA SR UNSECURED 09/28 VAR             | CUSIP: 06418GAM9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $402124.54    | 0.06%             | 2028-09-08      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| TOWD POINT ASSET TRUST 2021-SL1                                  | TOWD POINT ASSET TRUST TPAT 2021 SL1 A2 144A           | CUSIP: 89179XAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    155330 | PA      | $155044.06    | 0.02%             | 2061-11-20      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                      | ROYAL CARIBBEAN CRUISES SR UNSECURED 144A 08/26 5.5    | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   2400000 | PA      | $2403886.01   | 0.36%             | 2026-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INTERNATIONAL CORP (CCI)                            | CROWN CASTLE INC SR UNSECURED 07/26 1.05               | CUSIP: 22822VAV3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4721845.82   | 0.72%             | 2026-07-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| BANQUE FEDERATIVE DU CREDIT MUTUEL (BFCM)                        | BANQUE FED CRED MUTUEL 144A 07/26 VAR                  | CUSIP: 06675DCG5<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $201183.62    | 0.03%             | 2026-07-13      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                    | FORD MOTOR CREDIT CO LLC SR UNSECURED 03/26 VAR        | CUSIP: 345397C50<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2107567.79   | 0.32%             | 2026-03-06      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| AES CORPORATION                                                  | AES CORP/THE SR UNSECURED 01/26 1.375                  | CUSIP: 00130HCE3<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1698060.98   | 0.26%             | 2026-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | RFR USD SOFR/3.8616* 12/02/24-4Y* LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-178331.29   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| SLM STUDENT LOAN TRUST 2013-2                                    | SLM STUDENT LOAN TRUST SLMA 2013 2 A                   | CUSIP: 78446CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    343130 | PA      | $337554.75    | 0.05%             | 2043-06-25      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT                                 | DEUTSCHE BANK AG 01/26 4.1                             | CUSIP: 25152R2Y8<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $200000.61    | 0.03%             | 2026-01-13      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & CO                                             | JPMORGAN CHASE + CO SR UNSECURED 02/28 VAR             | CUSIP: 46647PCY0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3330418.71   | 0.50%             | 2028-02-24      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | BOUGHT ILS SOLD USD 20260115                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $357.29       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                                               | F+G GLOBAL FUNDING SECURED 144A 06/27 5.875            | CUSIP: 30321L2G6<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |    700000 | PA      | $715154.19    | 0.11%             | 2027-06-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                         | LLOYDS BANKING GROUP PLC SR UNSECURED 11/28 VAR        | CUSIP: 539439BB4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2167000 | PA      | $2178105.16   | 0.33%             | 2028-11-26      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                             | LAS VEGAS SANDS CORP SR UNSECURED 08/26 3.5            | CUSIP: 517834AE7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    400000 | PA      | $398370.08    | 0.06%             | 2026-08-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FUNDING LIMITED                                  | AVOLON HOLDINGS FNDG LTD COMPANY GUAR 144A 05/26 4.375 | CUSIP: 05401AAG6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $300115.84    | 0.05%             | 2026-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                              | NOMURA HOLDINGS INC SR UNSECURED 07/27 VAR             | CUSIP: 65535HBQ1<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   1400000 | PA      | $1411367.68   | 0.21%             | 2027-07-02      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERTIFICATES 2004-BC5                   | COUNTRYWIDE ASSET BACKED CERTI CWL 2004 BC5 M5         | CUSIP: 126673PS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14841 | PA      | $14844.90     | 0.00%             | 2034-10-25      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2024-A                          | SMB PRIVATE EDUCATION LOAN TRU SMB 2024 A A1B 144A     | CUSIP: 831943AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    235433 | PA      | $237972.56    | 0.04%             | 2056-03-15      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                            | ATHENE GLOBAL FUNDING SECURED 144A 08/26 VAR           | CUSIP: 04685A4B4<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1204170.30   | 0.18%             | 2026-08-27      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2007-7                                         | FANNIE MAE FNR 2007 7 FJ                               | CUSIP: 31396PSN2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     12123 | PA      | $11956.44     | 0.00%             | 2037-02-25      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2025-CES2                              | TOWD POINT MORTGAGE TRUST TPMT 2025 CES2 A1 144A       | CUSIP: 89183KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    179182 | PA      | $180445.39    | 0.03%             | 2065-07-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                 | BERRY GLOBAL INC SR SECURED 01/26 1.57                 | CUSIP: 08576PAH4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3096939.80   | 0.47%             | 2026-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                        | ONEOK INC COMPANY GUAR 09/27 4.25                      | CUSIP: 682680CB7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    900000 | PA      | $903472.66    | 0.14%             | 2027-09-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                            | AIR LEASE CORP SR UNSECURED 08/26 1.875                | CUSIP: 00914AAM4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    800000 | PA      | $788309.19    | 0.12%             | 2026-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| EVERGREEN CREDIT CARD TRUST SERIES 2025-1A                       | EVERGREEN CREDIT CARD TRUST EVGRN 2025 1A A 144A       | CUSIP: 30023JCZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | CA        |   3200000 | PA      | $3212069.76   | 0.49%             | 2029-10-15      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-1                                | VERUS SECURITIZATION TRUST VERUS 2024 1 A1 144A        | CUSIP: 92540EAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    636767 | PA      | $640335.35    | 0.10%             | 2069-01-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SERVICES INC                                    | UNIVERSAL HEALTH SVCS SR SECURED 09/26 1.65            | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1278355.13   | 0.19%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                               | SOUTHERN CAL EDISON 1ST MORTGAGE 03/28 5.3             | CUSIP: 842400HU0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1123696.94   | 0.17%             | 2028-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST 2017-AGS                           | COMMONBOND STUDENT LOAN TRUST CBSLT 2017 AGS A1 144A   | CUSIP: 20267VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     19344 | PA      | $18620.33     | 0.00%             | 2041-05-25      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORPORATION                                             | AMPHENOL CORP SR UNSECURED 11/27 VAR                   | CUSIP: 032095AV3<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1002104.16   | 0.15%             | 2027-11-15      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FINANCE PLC (AKA: IMPERIAL TOBACCO FINANCE PLC)  | IMPERIAL BRANDS FIN PLC COMPANY GUAR 144A 07/26 3.5    | CUSIP: 45262BAB9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $697092.70    | 0.11%             | 2026-07-26      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                             | KEURIG DR PEPPER INC COMPANY GUAR 09/26 2.55           | CUSIP: 26138EAU3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197950.24    | 0.03%             | 2026-09-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                          | HYUNDAI CAPITAL AMERICA SR UNSECURED REGS 06/27 VAR    | CUSIP: 44891CDE0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1405970.73   | 0.21%             | 2027-06-24      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GROUP GLOBAL FUNDING                           | SAMMONS FINANCIAL GLOBAL SR SECURED 144A 09/27 VAR     | CUSIP: 79587J2D4<br>LEI: 635400IPRNPM6HDHRS48 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1807823.00   | 0.27%             | 2027-09-02      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2020-21                 | GOVERNMENT NATIONAL MORTGAGE A GNR 2020 21 AC          | CUSIP: 38382DMC0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     42711 | PA      | $38512.07     | 0.01%             | 2049-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-R1                               | VERUS SECURITIZATION TRUST VERUS 2025 R1 A1A 144A      | CUSIP: 92541AAM2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    922232 | PA      | $929568.93    | 0.14%             | 2065-05-25      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5517                                          | FREDDIE MAC FHR 5517 VF                                | CUSIP: 3137HKP40<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1504399 | PA      | $1511128.15   | 0.23%             | 2055-03-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS 39 LTD 2018-3A                       | OCTAGON INVESTMENT PARTNERS 39 OCT39 2018 3A AR 144A   | CUSIP: 67592CAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    154405 | PA      | $154590.61    | 0.02%             | 2030-10-20      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-1                                | VERUS SECURITIZATION TRUST VERUS 2023 1 A1 144A        | CUSIP: 92539BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    184431 | PA      | $183991.79    | 0.03%             | 2067-12-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE (CIBC)                        | CANADIAN IMPERIAL BANK SR UNSECURED 01/28 VAR          | CUSIP: 13607PVR2<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1300000 | PA      | $1302062.97   | 0.20%             | 2028-01-13      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSEET MTGE INV INC 2002-AR3                          | STRUCTURED ASSET MORTGAGE INVE SAMI 2002 AR3 A1        | CUSIP: 86358HNX3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       121 | PA      | $115.25       | 0.00%             | 2032-09-19      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| FANNIEMAE WHOLE LOAN 2003-W-8                                    | FANNIEMAE WHOLE LOAN FNW 2003 W8 3F2                   | CUSIP: 31393CX40<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      1184 | PA      | $1180.90      | 0.00%             | 2042-05-25      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                               | SOUTHERN CAL EDISON 1ST MORTGAGE 06/26 4.9             | CUSIP: 842400HW6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200297.10    | 0.03%             | 2026-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| TRITON BOND TRUST 2021-2 IN RESPECT OF SERIES 1                  | TRITON TRUST TRTN 2021 2 A1AU                          | CUSIP: ACI1ZJH47<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |    431574 | PA      | $287993.36    | 0.04%             | 2053-02-09      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| COLT 2024-1 MORTGAGE LOAN TRUST                                  | COLT FUNDING LLC COLT 2024 1 A1 144A                   | CUSIP: 19688TAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    922107 | PA      | $929191.07    | 0.14%             | 2069-02-25      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & CO                                             | JPMORGAN CHASE + CO SR UNSECURED 01/28 VAR             | CUSIP: 46647PDZ6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    700000 | PA      | $705253.61    | 0.11%             | 2028-01-23      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | RFR USD SOFR/3.75000 12/18/24-5Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-303884.43   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| EUROHOME UK MORTGAGES 2007-1 A                                   | EUROHOME UK MORTGAGES PLC EHMU 2007 1 A REGS           | CUSIP: B1VBS4II2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      7559 | PA      | $10183.02     | 0.00%             | 2044-06-15      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| KOREA NATIONAL OIL CORP (KNOC)                                   | KOREA NATIONAL OIL CORP SR UNSECURED 144A 03/28 VAR    | CUSIP: 50065LAP5<br>LEI: 988400ZTQ08W926ONT36 | Long             | DBT              | CORP              | KR        |    300000 | PA      | $300924.46    | 0.05%             | 2028-03-31      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES3                                    | WOODWARD CAPITAL MANAGEMENT RCKT 2025 CES3 A1A 144A    | CUSIP: 749420AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    248811 | PA      | $251505.64    | 0.04%             | 2055-03-25      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                          | GOLDMAN SACHS GROUP INC SR UNSECURED 03/27 VAR         | CUSIP: 38141GYA6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298483.95    | 0.05%             | 2027-03-09      | Floating      | 1.43%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                 | SOCIETE GENERALE 144A 06/27 VAR                        | CUSIP: 83368RBC5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $296839.46    | 0.04%             | 2027-06-09      | Floating      | 1.79%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2020-1                                 | TOWD POINT MORTGAGE TRUST TPMT 2020 1 A1 144A          | CUSIP: 89178WAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    751016 | PA      | $726946.06    | 0.11%             | 2060-01-25      | Variable      | 2.71%                 | No            |                  2 | On Loan: No      |
| AG TRUST 2024-NLP                                                | AG TRUST AG 2024 NLP A 144A                            | CUSIP: 00792MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    142550 | PA      | $143506.30    | 0.02%             | 2041-08-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                    | FORD MOTOR CREDIT CO LLC SR UNSECURED 08/26 4.542      | CUSIP: 345397ZW6<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    700000 | PA      | $699219.00    | 0.11%             | 2026-08-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| MASTER CREDIT CARD TRUST II 2024-1A                              | MASTER CREDIT CARD TRUST MCCT 2024 1A A 144A           | CUSIP: 576339DZ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | CA        |   4000000 | PA      | $4001264.00   | 0.61%             | 2028-01-21      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| VONTIER CORPORATION                                              | VONTIER CORP COMPANY GUAR 04/26 1.8                    | CUSIP: 928881AB7<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1291849.38   | 0.20%             | 2026-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| BANQUE FEDERATIVE DU CREDIT MUTUEL (BFCM)                        | BANQUE FED CRED MUTUEL REGS 02/28 VAR                  | CUSIP: F0803NAK8<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $201411.92    | 0.03%             | 2028-02-16      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC 2023-1A                          | HERTZ VEHICLE FINANCING LLC HERTZ 2023 1A A 144A       | CUSIP: 42806MBS7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2100000 | PA      | $2107104.30   | 0.32%             | 2027-06-25      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| SOUND POINT CLO XXVIII LTD 2020-3A                               | SOUND POINT CLO LTD SNDPT 2020 3A A1R 144A             | CUSIP: 83615CAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    707951 | PA      | $708386.94    | 0.11%             | 2032-01-25      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| GSR MORTGAGE LOAN TRUST 2005-AR6                                 | GSR MORTGAGE LOAN TRUST GSR 2005 AR6 2A1               | CUSIP: 362341RX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1117 | PA      | $1070.88      | 0.00%             | 2035-09-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5544                                          | FREDDIE MAC FHR 5544 F                                 | CUSIP: 3137HLNN8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2166036 | PA      | $2177755.84   | 0.33%             | 2055-06-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-18                                        | FANNIE MAE FNR 2025 18 FM                              | CUSIP: 3136BVKH0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4850528 | PA      | $4867629.29   | 0.74%             | 2054-09-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| MMAF EQUIPMENT FINANCE LLC 2024-A                                | MMAF EQUIPMENT FINANCE LLC MMAF 2024 A A2 144A         | CUSIP: 55318CAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    584374 | PA      | $585980.61    | 0.09%             | 2027-09-13      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                             | EDISON INTERNATIONAL 01/26 ZCP                         | CUSIP: 28103BA69<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1099238.69   | 0.17%             | 2026-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                           | STANDARD CHARTERED PLC SR UNSECURED 144A 05/28 VAR     | CUSIP: 853254DD9<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $503361.15    | 0.08%             | 2028-05-14      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-AGLN                  | WELLS FARGO COMMERCIAL MORTGAG WFCM 2025 AGLN A 144A   | CUSIP: 94990HAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1002871.90   | 0.15%             | 2037-07-15      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5549                                          | FREDDIE MAC FHR 5549 FA                                | CUSIP: 3137HLST0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3917193 | PA      | $3940012.54   | 0.60%             | 2055-06-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | CAN 5YR BOND FUT  MAR26 XMOD 20260320                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |       165 | NC      | $-86285.93    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2020-A                 | NAVIENT STUDENT LOAN TRUST NAVSL 2020 A A2B 144A       | CUSIP: 63941FAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    162760 | PA      | $162457.19    | 0.02%             | 2068-11-15      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| MADISON PARK FUNDING XLVI LTD 2020-46A                           | MADISON PARK FUNDING LTD MDPK 2020 46A ARR 144A        | CUSIP: 55822AAW7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2400000 | PA      | $2398366.37   | 0.36%             | 2034-10-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-GR2                     | GS MORTGAGE BACKED SECURITIES GSMBS 2021 GR2 A9 144A   | CUSIP: 36262JAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    642021 | PA      | $596296.96    | 0.09%             | 2052-02-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| RENAISSANCE HOME EQUITY LN TR 2003-2                             | RENAISSANCE HOME EQUITY LOAN T RAMC 2003 2 A           | CUSIP: 759950AW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1962 | PA      | $1808.69      | 0.00%             | 2033-08-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| RENAISSANCE HOME EQUITY LOAN TR 2004-3                           | RENAISSANCE HOME EQUITY LOAN T RAMC 2004 3 AV2A        | CUSIP: 759950DY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2715 | PA      | $2436.75      | 0.00%             | 2034-11-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL AUTOMOBILE LEASING TRUST 2025-1                     | GM FINANCIAL AUTOMOBILE LEASIN GMALT 2025 1 A2B        | CUSIP: 36271VAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    506548 | PA      | $506730.40    | 0.08%             | 2027-05-20      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | RFR USD SOFR/3.92000 04/21/25-1Y* LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $1770.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD LP                                             | CANTOR FITZGERALD LP SR UNSECURED 144A 04/27 4.5       | CUSIP: 138616AK3<br>LEI: 549300RLUEEVQEMX0450 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299731.21    | 0.05%             | 2027-04-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-PHH  | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 PHH A 144A   | CUSIP: 46650FAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    290726 | PA      | $245694.12    | 0.04%             | 2035-06-15      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| GCAT 2021-NQM3 TRUST                                             | GCAT GCAT 2021 NQM3 A1 144A                            | CUSIP: 36167HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    572814 | PA      | $506082.33    | 0.08%             | 2066-05-25      | Variable      | 1.09%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                          | HCA INC DISC COML PAPER 01/26 ZCP                      | CUSIP: 40412DA74<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   4900000 | PA      | $4896207.89   | 0.74%             | 2026-01-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2024-90                                        | FANNIE MAE FNR 2024 90 FB                              | CUSIP: 3136BTXD0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1752014 | PA      | $1760601.91   | 0.27%             | 2053-11-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO 2021-2 LTD                               | BAIN CAPITAL CREDIT CLO, LIMIT BCC 2021 2A A1R 144A    | CUSIP: 05684RAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001075.00   | 0.15%             | 2034-07-16      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2024-2 LLC                            | ENTERPRISE FLEET FINANCING LLC EFF 2024 2 A2 144A      | CUSIP: 29375RAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    660308 | PA      | $662723.50    | 0.10%             | 2026-12-20      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                               | BANCO SANTANDER SA 07/28 VAR                           | CUSIP: 05964HBE4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   2000000 | PA      | $2012847.62   | 0.30%             | 2028-07-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                          | GOLDMAN SACHS GROUP INC SR UNSECURED 02/28 VAR         | CUSIP: 38141GZL1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2415552.53   | 0.37%             | 2028-02-24      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC COMPANY                                 | PACIFIC GAS + ELECTRIC 1ST MORTGAGE 03/27 3.3          | CUSIP: 694308HS9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296923.14    | 0.04%             | 2027-03-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                      | ROYAL CARIBBEAN CRUISES SR UNSECURED 144A 07/26 4.25   | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    400000 | PA      | $400044.64    | 0.06%             | 2026-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JACKSON NATIONAL LIFE GLOBAL FUNDING                             | JACKSON NATL LIFE GLOBAL SECURED 144A 06/27 VAR        | CUSIP: 46849CJR3<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200808.93    | 0.03%             | 2027-06-09      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| FEDERATION DES CAISSES DESJARDINS DU QUEBEC                      | FED CAISSES DESJARDINS SR UNSECURED 144A 01/27 VAR     | CUSIP: 31429KAN3<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |   2200000 | PA      | $2207834.95   | 0.33%             | 2027-01-27      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TRUST BANK LIMITED                               | SUMITOMO MITSUI TR BK LT SR UNSECURED 144A 03/26 VAR   | CUSIP: 86563VBF5<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    825000 | PA      | $826472.24    | 0.13%             | 2026-03-09      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                               | CREDIT AGRICOLE SA SR UNSECURED 144A 03/27 VAR         | CUSIP: 22534PAJ2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    450000 | PA      | $451661.00    | 0.07%             | 2027-03-11      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA (AKA: RABOBANK NEDERLAND)               | COOPERATIEVE RABOBANK UA 144A 12/27 VAR                | CUSIP: 74977RDL5<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $980404.54    | 0.15%             | 2027-12-15      | Floating      | 1.98%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS HOTEL TRUST 2019-HNLA                                | NEW ORLEANS HOTEL TRUST NOHT 2019 HNLA A 144A          | CUSIP: 647622AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $994080.60    | 0.15%             | 2032-04-15      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE (CIBC)                        | CANADIAN IMPERIAL BANK SR UNSECURED 10/26 VAR          | CUSIP: 13607LWU3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1400000 | PA      | $1409709.15   | 0.21%             | 2026-10-02      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2025-4                                  | ANGEL OAK MORTGAGE TRUST AOMT 2025 4 A1 144A           | CUSIP: 034935AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1027069 | PA      | $1040204.79   | 0.16%             | 2070-04-25      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2024-104                                       | FANNIE MAE FNR 2024 104 FA                             | CUSIP: 3136BUEQ9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2453293 | PA      | $2460324.90   | 0.37%             | 2055-01-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                             | ROYAL BANK OF CANADA SR UNSECURED 03/28 VAR            | CUSIP: 78017DAG3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5018925.35   | 0.76%             | 2028-03-27      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                               | BMW US CAPITAL LLC COMPANY GUAR 144A 08/26 VAR         | CUSIP: 05565ECN3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2006310.70   | 0.30%             | 2026-08-13      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2024-95                                        | FANNIE MAE FNR 2024 95 KF                              | CUSIP: 3136BTS53<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    967299 | PA      | $970371.83    | 0.15%             | 2054-12-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2024-HYB1                                 | SEQUOIA MORTGAGE TRUST SEMT 2024 HYB1 A1A 144A         | CUSIP: 81749EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    647865 | PA      | $650182.12    | 0.10%             | 2063-11-25      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE FUNDING II LLC 2024-1A                                | CHESAPEAKE FUNDING II LLC CFII 2024 1A A1 144A         | CUSIP: 165183DE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    513998 | PA      | $520290.26    | 0.08%             | 2036-05-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST 2025-1                                     | CCG RECEIVABLES TRUST CCG 2025 1 A2 144A               | CUSIP: 12515XAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    834303 | PA      | $839352.80    | 0.13%             | 2032-10-14      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-INV1 TRUST                                             | CREDIT SUISSE MORTGAGE TRUST CSMC 2021 INV1 A11 144A   | CUSIP: 12661XBC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    270497 | PA      | $251826.05    | 0.04%             | 2056-07-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERATING LP                                   | WESTERN MIDSTREAM OPERAT SR UNSECURED 07/26 4.65       | CUSIP: 958254AF1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200056.53    | 0.03%             | 2026-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                 | BANK OF MONTREAL SR UNSECURED 09/27 VAR                | CUSIP: 06368L8M1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1200000 | PA      | $1203641.75   | 0.18%             | 2027-09-10      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                    | FORD MOTOR CREDIT CO LLC SR UNSECURED 06/26 6.95       | CUSIP: 345397D26<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    800000 | PA      | $807108.79    | 0.12%             | 2026-06-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5481                                          | FREDDIE MAC FHR 5481 FJ                                | CUSIP: 3137HHQ95<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1582059 | PA      | $1588248.06   | 0.24%             | 2054-12-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                    | BOEING CO SR UNSECURED 02/26 2.196                     | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6487891.02   | 0.98%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| FHLMC STRUCTURED PASS THROUGH SEC T-63                           | FHLMC STRUCTURED PASS THROUGH FSPC T 63 1A1            | CUSIP: 31395M2F5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     17864 | PA      | $17426.62     | 0.00%             | 2045-02-25      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| OSCAR US FUNDING XVI LLC 2024-1A                                 | OSCAR US FUNDING TRUST OSCAR 2024 1A A2 144A           | CUSIP: 68784GAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JP        |     43680 | PA      | $43707.69     | 0.01%             | 2027-02-10      | Fixed         | 5.48%                 | No            |                  3 | On Loan: No      |
| COREBRIDGE GLOBAL FUNDING                                        | COREBRIDGE GLOB FUNDING SECURED 144A 12/28 VAR         | CUSIP: 00138CBL1<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    800000 | PA      | $801686.73    | 0.12%             | 2028-12-15      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| UPX HIL 2025-1 ISSUER TRUST                                      | UPX HIL 2025 1 ISSUER TRUST UPXHI 2025 1 A 144A        | CUSIP: 916925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260417 | PA      | $262639.05    | 0.04%             | 2047-01-25      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2018-RPL1                    | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2018 RPL1 A1 144A   | CUSIP: 64829VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     35850 | PA      | $35064.73     | 0.01%             | 2057-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                          | VOLKSWAGEN GROUP AMERICA COMPANY GUAR 144A 03/27 VAR   | CUSIP: 928668CT7<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1605827.42   | 0.24%             | 2027-03-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO                                            | SOUTHWEST AIRLINES CO SR UNSECURED 11/26 3             | CUSIP: 844741BC1<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495603.48    | 0.08%             | 2026-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2016-H02                | GOVERNMENT NATIONAL MORTGAGE A GNR 2016 H02 FH         | CUSIP: 38376RPV2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    158912 | PA      | $159855.05    | 0.02%             | 2066-01-20      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                               | CREDIT AGRICOLE SA 144A 09/28 VAR                      | CUSIP: 22535WAM9<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $301661.09    | 0.05%             | 2028-09-11      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2021-6            | MORGAN STANLEY RESIDENTIAL MOR MSRM 2021 6 A6 144A     | CUSIP: 61772QAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    284571 | PA      | $264435.75    | 0.04%             | 2051-09-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| BEAST MORTGAGE TRUST 2022-1700                                   | BSST MORTGAGE TRUST BSST 2022 1700 A 144A              | CUSIP: 055742AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2600000 | PA      | $2266680.52   | 0.34%             | 2037-02-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| AVON FINANCE 4A                                                  | AVON FINANCE AVON 4A A 144A                            | CUSIP: ACI2JTXR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |   1756370 | PA      | $2370695.54   | 0.36%             | 2049-12-28      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| VENTURE 36 CLO LTD                                               | VENTURE CDO LTD VENTR 2019 36A A1AR 144A               | CUSIP: 92332LAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1135719 | PA      | $1136486.49   | 0.17%             | 2032-04-20      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2021-12                                 | JP MORGAN MORTGAGE TRUST JPMMT 2021 12 A11 144A        | CUSIP: 46592WBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    206548 | PA      | $191852.50    | 0.03%             | 2052-02-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                         | BAXTER INTERNATIONAL INC SR UNSECURED 02/27 1.915      | CUSIP: 071813CL1<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    261000 | PA      | $254798.83    | 0.04%             | 2027-02-01      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORPORATION                               | AMERICAN HONDA FINANCE SR UNSECURED 08/27 VAR          | CUSIP: 02665WGH8<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1904391.34   | 0.29%             | 2027-08-13      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORPORATION                                          | NTT FINANCE CORP COMPANY GUAR 144A 04/26 1.162         | CUSIP: 62954WAC9<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   1600000 | PA      | $1588304.19   | 0.24%             | 2026-04-03      | Fixed         | 1.16%                 | No            |                  2 | On Loan: No      |
| BSREP COMMERCIAL MORTGAGE TRUST 2021-DC                          | BSREP COMMERCIAL MORTGAGE TRUS BSREP 2021 DC A 144A    | CUSIP: 05591UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2130300 | PA      | $2021931.75   | 0.31%             | 2038-08-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                 | BANK OF MONTREAL SR UNSECURED 09/28 VAR                | CUSIP: 06368MXW9<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $400762.49    | 0.06%             | 2028-09-22      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-95                                        | FANNIE MAE FNR 2025 95 F                               | CUSIP: 3136BXN67<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1016799 | PA      | $1018601.53   | 0.15%             | 2053-12-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                          | VOLKSWAGEN GROUP AMERICA COMPANY GUAR REGS 03/26 VAR   | CUSIP: U9273ADZ5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200194.89    | 0.03%             | 2026-03-20      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| MASTR ASSET BACKED SEC TR 2004-OPT2                              | MASTR ASSET BACKED SECURITIES MABS 2004 OPT2 A1        | CUSIP: 57643LFG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    107578 | PA      | $98500.13     | 0.01%             | 2034-09-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                    | FORD MOTOR CREDIT CO LLC SR UNSECURED 11/26 5.125      | CUSIP: 345397F81<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    600000 | PA      | $603434.33    | 0.09%             | 2026-11-05      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | 317UADDA7 PIMCO SWAPTION 3.65 PUT USD 20260909         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        | 139100000 | NC      | $94101.15     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2019-INV3                               | JP MORGAN MORTGAGE TRUST JPMMT 2019 INV3 A3 144A       | CUSIP: 46591LAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     67514 | PA      | $61269.26     | 0.01%             | 2050-05-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                                              | FS KKR CAPITAL CORP SR UNSECURED 01/26 3.4             | CUSIP: 302635AG2<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199926.35    | 0.03%             | 2026-01-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                             | FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE              | CUSIP: 01F052623<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  14000000 | PA      | $14183725.08  | 2.15%             | 2056-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HARBOUR ENERGY PLC                                               | HARBOUR ENERGY PLC COMPANY GUAR 144A 10/26 5.5         | CUSIP: 411618AB7<br>LEI: 213800YPC42DYBKVPF97 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $497177.50    | 0.08%             | 2026-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VENTURE XXVII CLO LTD 2017-27A                                   | VENTURE CDO LTD VENTR 2017 27A AR 144A                 | CUSIP: 92331LBC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     74579 | PA      | $74671.27     | 0.01%             | 2030-07-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2016-H24                | GOVERNMENT NATIONAL MORTGAGE A GNR 2016 H24 F          | CUSIP: 38376RJ72<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    108390 | PA      | $108848.70    | 0.02%             | 2066-11-20      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| PIMCO FUNDS                                                      | PIMCO SHORT ASSET PORTFOLIO MUTUAL FUND                | CUSIP: 000000000<br>LEI: 549300F9QJIJF2GM8419 | Long             | STIV             | RF                | US        |   4819626 | PA      | $47314272.10  | 7.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR LEASE CORPORATION                                            | AIR LEASE CORP DISC COML 01/26 ZCP                     | CUSIP: 00913XA86<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1798386.84   | 0.27%             | 2026-01-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ATLAS SENIOR LOAN FUND LTD 2021-18A                              | ATLAS SENIOR LOAN FUND LTD ATCLO 2021 18A A1R 144A     | CUSIP: 04943EAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $399980.00    | 0.06%             | 2035-01-18      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                                               | RGA GLOBAL FUNDING SR SECURED 144A 11/26 2             | CUSIP: 76209PAA1<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |    400000 | PA      | $393029.84    | 0.06%             | 2026-11-30      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5560                                          | FREDDIE MAC FHR 5560 FB                                | CUSIP: 3137HLZD7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    354006 | PA      | $356280.85    | 0.05%             | 2055-06-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                             | GLENCORE FUNDING LLC COMPANY GUAR 144A 10/26 VAR       | CUSIP: 378272BX5<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1802229.57   | 0.27%             | 2026-10-01      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| TRALEE CLO V LTD 2018-5A                                         | TRALEE CLO LTD TRAL 2018 5A A1RR 144A                  | CUSIP: 89300JBA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2400000 | PA      | $2399448.96   | 0.36%             | 2034-10-20      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                          | VOLKSWAGEN GROUP AMERICA COMPANY GUAR 144A 03/26 VAR   | CUSIP: 928668CD2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3603508.09   | 0.55%             | 2026-03-20      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| RELIANCE STANDARD LIFE GLOBAL FUNDING II                         | RELIANCE STAND LIFE II SECURED 144A 02/26 5.243        | CUSIP: 75951ACY2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $400238.40    | 0.06%             | 2026-02-02      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| EPR PROPERTIES                                                   | EPR PROPERTIES COMPANY GUAR 12/26 4.75                 | CUSIP: 26884UAC3<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |    600000 | PA      | $601877.37    | 0.09%             | 2026-12-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                | NATWEST GROUP PLC SR UNSECURED 03/28 VAR               | CUSIP: 639057AM0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1100000 | PA      | $1107529.69   | 0.17%             | 2028-03-01      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                          | MPLX LP SR UNSECURED 03/26 1.75                        | CUSIP: 55336VBR0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1294962.85   | 0.20%             | 2026-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5500                                          | FREDDIE MAC FHR 5500 AF                                | CUSIP: 3137HJ7M3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    344859 | PA      | $345086.28    | 0.05%             | 2055-02-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5565                                          | FREDDIE MAC FHR 5565 FA                                | CUSIP: 3137HMGJ3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    756321 | PA      | $759608.50    | 0.12%             | 2055-08-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | RFR USD SOFR/3.29000 03/31/26-4Y* LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $125651.30    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5601                                          | FREDDIE MAC FHR 5601 F                                 | CUSIP: 3137HNQX9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    493661 | PA      | $495841.90    | 0.08%             | 2055-11-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC COMPANY                                 | PACIFIC GAS + ELECTRIC 1ST MORTGAGE 06/28 5            | CUSIP: 694308KW6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1425302.90   | 0.22%             | 2028-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATIONS INC                                           | COX COMMUNICATIONS INC SR UNSECURED 144A 09/26 3.35    | CUSIP: 224044CG0<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1193956.88   | 0.18%             | 2026-09-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| FINSBURY SQUARE 21-1GRA                                          | FINSBURY SQUARE FSQ 2021 1GRA AGRN 144A                | CUSIP: ACI1YK6T2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     20537 | PA      | $27688.18     | 0.00%             | 2067-12-16      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| CUBESMART LP                                                     | CUBESMART LP COMPANY GUAR 09/26 3.125                  | CUSIP: 22966RAD8<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              | CORP              | US        |    800000 | PA      | $794980.98    | 0.12%             | 2026-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| OVERSEA-CHINESE BANKING CORP/SYDNEY BRANCH                       | OCBC/SYDNEY SR UNSECURED 05/26 VAR                     | CUSIP: ACI2G08Q8<br>LEI: 5493007O3QFXCPOGWK22 | Long             | DBT              | CORP              | SG        |    600000 | PA      | $401074.70    | 0.06%             | 2026-05-18      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| CVC CORDATUS LOAN FUND XII DAC 12A                               | CORDATUS CLO PLC CORDA 12A A1R 144A                    | CUSIP: ACI1WQCG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |   1418410 | PA      | $1666915.62   | 0.25%             | 2032-01-23      | Floating      | 2.79%                 | No            |                  2 | On Loan: No      |
| ACE SECURITIES CORP 2004-OP1                                     | ACE SECURITIES CORP. ACE 2004 OP1 M1                   | CUSIP: 004421EW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    201091 | PA      | $190559.97    | 0.03%             | 2034-04-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2023-H27                | GOVERNMENT NATIONAL MORTGAGE A GNR 2023 H27 FD         | CUSIP: 38383KHV7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    173451 | PA      | $177005.09    | 0.03%             | 2073-11-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2005-R2                                   | COUNTRYWIDE HOME LOANS CWHL 2005 R2 1AF1 144A          | CUSIP: 12669GN64<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1442 | PA      | $1402.93      | 0.00%             | 2035-06-25      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | SOLD ILS BOUGHT USD 20260115                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $-775.17      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA/LONDON BRANCH                                 | CREDIT AGRICOLE LONDON 144A 01/27 4.125                | CUSIP: 22535WAB3<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $500475.44    | 0.08%             | 2027-01-10      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| EQUITABLE AMERICA GLOBAL FUNDING                                 | EQUITABLE AMERICA GLOBAL SECURED 144A 09/27 VAR        | CUSIP: 29446Q2D4<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199938.54    | 0.03%             | 2027-09-15      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                      | BNP PARIBAS 144A 01/27 VAR                             | CUSIP: 09659W2N3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   4200000 | PA      | $4196086.15   | 0.64%             | 2027-01-13      | Floating      | 1.32%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST 2019-B12                                | BENCHMARK MORTGAGE TRUST BMARK 2019 B12 AAB            | CUSIP: 08162FAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    747386 | PA      | $735647.15    | 0.11%             | 2052-08-15      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| OCEANVIEW MORTGAGE TRUST 2025-INV3                               | OCEANVIEW MORTGAGE TRUST BVINV 2025 3 AF1 144A         | CUSIP: 67648CAU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    726031 | PA      | $727969.22    | 0.11%             | 2055-05-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                    | VISTRA OPERATIONS CO LLC SR SECURED 144A 12/26 5.05    | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1309943.70   | 0.20%             | 2026-12-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2025-DA                                | NELNET STUDENT LOAN TRUST NSLT 2025 DA A1A 144A        | CUSIP: 639931AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1396296.16   | 0.21%             | 2054-08-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2025-98                 | GOVERNMENT NATIONAL MORTGAGE A GNR 2025 98 GF          | CUSIP: 38381NNT1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    587473 | PA      | $590239.22    | 0.09%             | 2055-06-20      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                             | GNMA II POOL 785540 G2 05/71 FLOATING VAR              | CUSIP: 3622ABBH4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    121394 | PA      | $124570.70    | 0.02%             | 2071-05-20      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| ARES XLIV CLO LTD 2017-44A                                       | ARES CLO LTD ARES 2017 44A A1RR 144A                   | CUSIP: 04016NBH5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3300000 | PA      | $3301045.74   | 0.50%             | 2034-04-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| BANQUE FEDERATIVE DU CREDIT MUTUEL (BFCM)                        | BANQUE FED CRED MUTUEL REGS 05/27 VAR                  | CUSIP: ACI2P5QJ3<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $334522.55    | 0.05%             | 2027-05-24      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| METRO FINANCE 2022-2 TRUST                                       | METRO FINANCE TRUST METR 2022 2 A1                     | CUSIP: ACI34TXD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |   1576945 | PA      | $1052731.96   | 0.16%             | 2028-09-19      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                      | BANK OF AMERICA CORP SR UNSECURED 07/27 VAR            | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1481067.86   | 0.22%             | 2027-07-22      | Floating      | 1.73%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                               | US TREASURY N/B 11/30 3.5                              | CUSIP: 91282CPN5<br>LEI: 254900HROIFWPRGM1V77 | Short            | DBT              | UST               | US        |  -5000000 | PA      | $-4950390.60  | -0.75%            | 2030-11-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2024-PJ7                     | GS MORTGAGE BACKED SECURITIES GSMBS 2024 PJ7 A25 144A  | CUSIP: 362949BR9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    957904 | PA      | $960521.51    | 0.15%             | 2054-11-25      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| TRINITAS CLO VI LTD 2017-6A                                      | TRINITAS CLO LTD TRNTS 2017 6A AR4 144A                | CUSIP: 89640YBQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3100000 | PA      | $3101399.28   | 0.47%             | 2034-01-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2007-109                                              | FANNIE MAE FNR 2007 109 GF                             | CUSIP: 31396X2G8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     10442 | PA      | $10454.57     | 0.00%             | 2037-12-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                                          | GA GLOBAL FUNDING TRUST SECURED 144A 09/27 4.4         | CUSIP: 36143L2N4<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200874.04    | 0.03%             | 2027-09-23      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                              | NATWEST MARKETS PLC SR UNSECURED 144A 03/28 VAR        | CUSIP: 63906YAN8<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $905507.54    | 0.14%             | 2028-03-21      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2024-77                                        | FANNIE MAE FNR 2024 77 DF                              | CUSIP: 3136BTWY5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    909270 | PA      | $914716.07    | 0.14%             | 2053-10-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                          | HCA INC COMPANY GUAR 02/27 4.5                         | CUSIP: 404119BU2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300696.85    | 0.05%             | 2027-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2004-63                                               | FANNIE MAE FNR 2004 63 FA                              | CUSIP: 31394ANT9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        78 | PA      | $76.29        | 0.00%             | 2034-08-25      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2020-17                 | GOVERNMENT NATIONAL MORTGAGE A GNR 2020 17 EU          | CUSIP: 38382CP47<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     49109 | PA      | $44104.72     | 0.01%             | 2049-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                                     | ING GROEP NV SR UNSECURED 04/27 VAR                    | CUSIP: 456837AX1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1600000 | PA      | $1602342.83   | 0.24%             | 2027-04-01      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| OSCAR US FUNDING XV LLC 2023-1A                                  | OSCAR US FUNDING TRUST OSCAR 2023 1A A3 144A           | CUSIP: 68785CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JP        |    442960 | PA      | $444886.71    | 0.07%             | 2027-12-10      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STRIPS 413                                           | FREDDIEMAC STRIP FHS 413 F25                           | CUSIP: 3133Q3LH2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2440909 | PA      | $2449687.44   | 0.37%             | 2054-05-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                             | BAYER US FINANCE LLC COMPANY GUAR 144A 11/26 6.125     | CUSIP: 07274EAH6<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1521972.33   | 0.23%             | 2026-11-21      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | SOLD EUR BOUGHT USD 20260114                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-59842.71    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                          | GOLDMAN SACHS GROUP INC SR UNSECURED 03/28 VAR         | CUSIP: 38141GZS6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202926.62    | 0.03%             | 2028-03-15      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-79                                        | FANNIE MAE FNR 2025 79 FA                              | CUSIP: 3136BXUC6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1399107 | PA      | $1407579.22   | 0.21%             | 2055-10-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| JACKSON NATIONAL LIFE GLOBAL FUNDING                             | JACKSON NATL LIFE GLOBAL SECURED 144A 09/28 VAR        | CUSIP: 46849CJS1<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2709394.16   | 0.41%             | 2028-09-12      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | SOLD AUD BOUGHT USD 20260114                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $-159005.11   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                                | EVERSOURCE ENERGY SR UNSECURED 03/27 2.9               | CUSIP: 30040WAQ1<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    800000 | PA      | $789312.70    | 0.12%             | 2027-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                           | MORGAN STANLEY BANK NA SR UNSECURED 10/27 VAR          | CUSIP: 61690U8F0<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4009091.84   | 0.61%             | 2027-10-15      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| BANQUE FEDERATIVE DU CREDIT MUTUEL (BFCM)                        | BANQUE FED CRED MUTUEL 144A 07/28 5.79                 | CUSIP: 06675FBB2<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $1038936.60   | 0.16%             | 2028-07-13      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                              | SUMITOMO MITSUI FINL GRP SR UNSECURED 01/26 VAR        | CUSIP: 86562MCU2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   2100000 | PA      | $2100796.09   | 0.32%             | 2026-01-13      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                     | BARCLAYS PLC SR UNSECURED 11/27 VAR                    | CUSIP: 06738EBU8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $885896.03    | 0.13%             | 2027-11-24      | Floating      | 2.28%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TRUST INC 2005-6                             | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 6 A1          | CUSIP: 17307GXP8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       560 | PA      | $571.05       | 0.00%             | 2035-09-25      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | CITIGROUP REPO REPO                     5807           | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               |  | US        |   2300000 | PA      | $2300000.00   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | BARCLAYS CAPITAL REPO REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               |  | US        |   4981250 | PA      | $4981250.00   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                               | CREDIT AGRICOLE SA REGS 07/26 VAR                      | CUSIP: 22535EAF4<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   1200000 | PA      | $1206145.57   | 0.18%             | 2026-07-05      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST 2025-3                             | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2025 3 A29 144A    | CUSIP: 17332RCX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    467808 | PA      | $470769.09    | 0.07%             | 2055-06-25      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2019-3A                                | NELNET STUDENT LOAN TRUST NSLT 2019 3A A 144A          | CUSIP: 64031DAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    335581 | PA      | $335958.76    | 0.05%             | 2067-08-25      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY INC                             | GENERAL MOTORS FINL CO SR UNSECURED 05/27 VAR          | CUSIP: 37045XES1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005764.80   | 0.15%             | 2027-05-08      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS COMPANY                                        | NATIONAL FUEL GAS CO SR UNSECURED 10/26 5.5            | CUSIP: 636180BS9<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1313308.46   | 0.20%             | 2026-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2024-H01                | GOVERNMENT NATIONAL MORTGAGE A GNR 2024 H01 FB         | CUSIP: 38383KNN8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1496301 | PA      | $1511362.21   | 0.23%             | 2074-01-20      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| LEGACY MORTGAGE ASSET TRUST 2021-GS5                             | LEGACY MORTGAGE ASSET TRUST LMAT 2021 GS5 A1 144A      | CUSIP: 52475XAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    226648 | PA      | $226999.86    | 0.03%             | 2067-07-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2004-11                                               | FANNIE MAE FNR 2004 11 A                               | CUSIP: 31393T7H3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       268 | PA      | $268.08       | 0.00%             | 2034-03-25      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                                          | GA GLOBAL FUNDING TRUST SECURED 144A 01/27 2.25        | CUSIP: 36143L2G9<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    700000 | PA      | $687496.47    | 0.10%             | 2027-01-06      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST SERIES 2025-NQM1                        | JP MORGAN MORTGAGE TRUST JPMMT 2025 NQM1 A1 144A       | CUSIP: 46593QAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    415121 | PA      | $419085.95    | 0.06%             | 2065-06-25      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| COLONY MORTGAGE CAPITAL SERIES LTD 2019-IKPR                     | COLONY MORTGAGE CAPITAL LTD CLNY 2019 IKPR A 144A      | CUSIP: 12564NAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    171695 | PA      | $169325.77    | 0.03%             | 2038-11-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2025-BA                                | NELNET STUDENT LOAN TRUST NSLT 2025 BA A1B 144A        | CUSIP: 64032BAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2245705 | PA      | $2264008.40   | 0.34%             | 2055-05-17      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2024-101                                       | FANNIE MAE FNR 2024 101 FB                             | CUSIP: 3136BUFJ4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2101026 | PA      | $2108352.76   | 0.32%             | 2055-01-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5526                                          | FREDDIE MAC FHR 5526 FA                                | CUSIP: 3137HKT46<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3662098 | PA      | $3675008.36   | 0.56%             | 2054-09-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | RFR USD SOFR/3.37500 03/31/26-4Y* LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $38632.37     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP / VICI NOTE CO INC                            | VICI PROPERTIES / NOTE COMPANY GUAR 144A 12/26 4.25    | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1579000 | PA      | $1579187.33   | 0.24%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHASE HOME LENDING MORTGAGE TRUST 2024-9                         | CHASE MORTGAGE FINANCE CORPORA CHASE 2024 9 A11 144A   | CUSIP: 16160QAX2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    553507 | PA      | $552864.21    | 0.08%             | 2055-09-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG/NEW YORK BRANCH                                 | DEUTSCHE BANK NY 01/28 VAR                             | CUSIP: 25160PAH0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1000000 | PA      | $983707.80    | 0.15%             | 2028-01-07      | Floating      | 2.55%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORPORATION                                        | EXPAND ENERGY CORP COMPANY GUAR 144A 04/29 6.75        | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201189.86    | 0.03%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | BOUGHT AUD SOLD USD 20260114                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $15519.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | SOLD EUR BOUGHT USD 20260114                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |         1 | NC      | $-2100.99     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FINANCE NORTH AMERICA LLC                          | MERCEDES BENZ FIN NA COMPANY GUAR REGS 03/28 VAR       | CUSIP: U5876JBF1<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004978.21   | 0.15%             | 2028-03-31      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | SOLD ILS BOUGHT USD 20260227                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |         1 | NC      | $-89631.96    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS MORTGAGE LOAN TRUST 2024-NQM1                           | BARCLAYS MORTGAGE LOAN TRUST BARC 2024 NQM1 A1 144A    | CUSIP: 06745AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    570735 | PA      | $575316.87    | 0.09%             | 2064-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ISRAEL ELECTRIC CORPORATION LTD                                  | ISRAEL ELECTRIC CORP LTD SR SECURED REGS 12/26 7.875   | CUSIP: M60170AB9<br>LEI: 254900JW7GE35YNJGJ55 | Long             | DBT              | CORP              | IL        |    250000 | PA      | $259100.00    | 0.04%             | 2026-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2020-EA                | NAVIENT STUDENT LOAN TRUST NAVSL 2020 EA A 144A        | CUSIP: 63941TAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    520555 | PA      | $491980.14    | 0.07%             | 2069-05-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                      | ROYAL CARIBBEAN CRUISES SR UNSECURED 144A 07/27 5.375  | CUSIP: 780153BK7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   2300000 | PA      | $2318092.79   | 0.35%             | 2027-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTERNATIONAL NV                                    | ENEL FINANCE INTL NV COMPANY GUAR 144A 05/27 3.625     | CUSIP: 29278GAA6<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $497111.84    | 0.08%             | 2027-05-25      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN POWER & UTILITIES CORP                                 | ALGONQUIN PWR + UTILITY SR UNSECURED 06/26 VAR         | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   2700000 | PA      | $2713314.29   | 0.41%             | 2026-06-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| EMERA US FINANCE LP                                              | EMERA US FINANCE LP COMPANY GUAR 06/26 3.55            | CUSIP: 29103DAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2492471.93   | 0.38%             | 2026-06-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                            | ATHENE GLOBAL FUNDING SECURED 144A 07/26 VAR           | CUSIP: 04685A4J7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1302083.73   | 0.20%             | 2026-07-16      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2024-D                          | SMB PRIVATE EDUCATION LOAN TRU SMB 2024 D A1B 144A     | CUSIP: 83207QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1649224 | PA      | $1638309.45   | 0.25%             | 2053-07-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                            | ATHENE GLOBAL FUNDING SECURED 144A 03/27 VAR           | CUSIP: 04685A3U3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   5300000 | PA      | $5334098.82   | 0.81%             | 2027-03-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC WHOLE LOAN SECURITIES TRUST 2015-SC02                | FREDDIE MAC WHOLE LOAN SECURIT FWLS 2015 SC02 1A       | CUSIP: 3137G1AK3<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    204375 | PA      | $180243.32    | 0.03%             | 2045-09-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TOYOTA LEASE OWNER TRUST 2024-B                                  | TOYOTA LEASE OWNER TRUST TLOT 2024 B A2B 144A          | CUSIP: 891943AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    139358 | PA      | $139386.46    | 0.02%             | 2027-02-22      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2024-H07                | GOVERNMENT NATIONAL MORTGAGE A GNR 2024 H07 JF         | CUSIP: 38383KVX7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    282854 | PA      | $284022.77    | 0.04%             | 2074-04-20      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| WESTERN UNION CO                                                 | WESTERN UNION CO/THE SR UNSECURED 03/26 1.35           | CUSIP: 959802AZ2<br>LEI: 28ID94QU1140NC23S047 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496899.54    | 0.08%             | 2026-03-15      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2019-HY3                               | TOWD POINT MORTGAGE TRUST TPMT 2019 HY3 A1A 144A       | CUSIP: 89177XAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    108212 | PA      | $108372.50    | 0.02%             | 2059-10-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5564                                          | FREDDIE MAC FHR 5564 PF                                | CUSIP: 3137HMDP2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1079388 | PA      | $1084893.11   | 0.16%             | 2055-08-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE EUROPEAN LOAN FUNDING 2023-2A DAC                  | PALMER SQUARE EUROPEAN LOAN FU PSTET 2023 2A AR 144A   | CUSIP: ACI2QLH16<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    559332 | PA      | $657677.98    | 0.10%             | 2033-01-15      | Floating      | 2.99%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FINANCE US INC                                        | STELLANTIS FIN US INC COMPANY GUAR 144A 03/28 5.35     | CUSIP: 85855CAM2<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509922.94    | 0.08%             | 2028-03-17      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                      | BANK OF AMERICA CORP SR UNSECURED 07/27 VAR            | CUSIP: 06051GJV2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301203.21    | 0.05%             | 2027-07-22      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT TRUST 2024-1                                      | PAGAYA AI DEBT SELECTION TRUST PAID 2024 1 A 144A      | CUSIP: 69548AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     38505 | PA      | $38605.54     | 0.01%             | 2031-07-15      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| DRYDEN 95 CLO LTD                                                | DRYDEN SENIOR LOAN FUND DRSLF 2021 95A AR 144A         | CUSIP: 262487AJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2400000 | PA      | $2399190.98   | 0.36%             | 2034-08-20      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2016-H04                | GOVERNMENT NATIONAL MORTGAGE A GNR 2016 H04 FB         | CUSIP: 38376RRA6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     59203 | PA      | $59436.03     | 0.01%             | 2066-01-20      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | CDX ITRAXX XOV44 5Y 35-100% SP BOA                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | N/A       |         1 | NC      | $919177.80    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| MORTGAGEIT TRUST 2005-1                                          | MORTGAGEIT TRUST MHL 2005 1 1A1                        | CUSIP: 61913PAP7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20098 | PA      | $20508.10     | 0.00%             | 2035-02-25      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5500                                          | FREDDIE MAC FHR 5500 GF                                | CUSIP: 3137HJB30<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1920942 | PA      | $1929777.11   | 0.29%             | 2054-10-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5493                                          | FREDDIE MAC FHR 5493 FK                                | CUSIP: 3137HHWV9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1570330 | PA      | $1576124.03   | 0.24%             | 2055-01-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| CSMC 2022-RPL4                                                   | CREDIT SUISSE MORTGAGE TRUST CSMC 2022 RPL4 A1 144A    | CUSIP: 12663TAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    142012 | PA      | $136899.28    | 0.02%             | 2062-04-25      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                              | NOMURA HOLDINGS INC SR UNSECURED 01/26 5.709           | CUSIP: 65535HBG3<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   1400000 | PA      | $1400419.26   | 0.21%             | 2026-01-09      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| RELIANCE STANDARD LIFE GLOBAL FUNDING II                         | RELIANCE STAND LIFE II SECURED 144A 01/27 2.75         | CUSIP: 75951AAN8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $197090.33    | 0.03%             | 2027-01-21      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GOLDEN CREDIT CARD TRUST 2022-1A                                 | GOLDEN CREDIT CARD TRUST GCCT 2022 1A A 144A           | CUSIP: 380881FE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | CA        |   2000000 | PA      | $1961132.40   | 0.30%             | 2029-01-15      | Fixed         | 1.97%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                                               | F+G GLOBAL FUNDING SECURED 144A 06/26 1.75             | CUSIP: 30321L2A9<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2469713.33   | 0.37%             | 2026-06-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                 | SOCIETE GENERALE REGS 01/27 VAR                        | CUSIP: 83368TBQ0<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $300168.73    | 0.05%             | 2027-01-12      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                               | BANCO SANTANDER SA BANCO SANTANDER SA                  | CUSIP: 05964HBC8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    525000 | PA      | $528901.49    | 0.08%             | 2028-03-14      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2005-7                                  | BEAR STEARNS ALT A TRUST BALTA 2005 7 22A1             | CUSIP: 07386HVS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5219 | PA      | $2786.96      | 0.00%             | 2035-09-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP INC                                       | MIZUHO FINANCIAL GROUP SR UNSECURED 05/31 VAR          | CUSIP: 60687YDK2<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   1300000 | PA      | $1302345.07   | 0.20%             | 2031-05-13      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA MTG SEC 2002-G                                   | BANC OF AMERICA MORTGAGE SECUR BOAMS 2002 G 1A3        | CUSIP: 06050HKR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        11 | PA      | $10.71        | 0.00%             | 2032-07-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| FORTIS INC/CANADA                                                | FORTIS INC SR UNSECURED 10/26 3.055                    | CUSIP: 349553AM9<br>LEI: 549300MQYQ9Y065XPR71 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $1983991.52   | 0.30%             | 2026-10-04      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| GMF CANADA LEASING TRUST ASSET-BACKED NOTES SERIES 2024-1A       | GMF CANADA LEASING TRUST GCOLT 2024 1A A2 144A         | CUSIP: 36252MDE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |     27524 | PA      | $20089.05     | 0.00%             | 2026-12-21      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VICTORIA POWER NETWORKS (FINANCE) PTY LTD                        | VICTORIA POWER NETWORKS COMPANY GUAR 04/26 VAR         | CUSIP: ACI1X4YN1<br>LEI: 254900YISQHUZHEC9B94 | Long             | DBT              | CORP              | AU        |    400000 | PA      | $266953.36    | 0.04%             | 2026-04-21      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | US 5YR NOTE (CBT) MAR26 XCBT 20260331                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      1249 | NC      | $-329050.39   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2020-DA                | NAVIENT STUDENT LOAN TRUST NAVSL 2020 DA A 144A        | CUSIP: 63941HAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    422100 | PA      | $403491.05    | 0.06%             | 2069-05-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                      | ROYAL CARIBBEAN CRUISES SR UNSECURED 144A 04/28 5.5    | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1100000 | PA      | $1120287.89   | 0.17%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | SOLD AUD BOUGHT USD 20260114                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $-84728.49    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ILLUMINA INC                                                     | ILLUMINA INC SR UNSECURED 09/26 4.65                   | CUSIP: 452327AQ2<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |    900000 | PA      | $903185.01    | 0.14%             | 2026-09-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | SOLD GBP BOUGHT USD 20260114                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |         1 | NC      | $-96559.65    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE FUNDING 2024 - GRANITE 6 PLC 24-GR6A         | TOWD POINT MORTGAGE FUNDING TPMF 2024 GR6A A1 144A     | CUSIP: ACI2NQX93<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |    604911 | PA      | $816157.22    | 0.12%             | 2053-07-20      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                          | VOLKSWAGEN GROUP AMERICA COMPANY GUAR 144A 08/26 VAR   | CUSIP: 928668CJ9<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2809283.04   | 0.43%             | 2026-08-14      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ELECTRIC & GAS CORP                                  | NY STATE ELECTRIC + GAS SR UNSECURED 144A 12/26 3.25   | CUSIP: 649840CQ6<br>LEI: 549300GEC6J0YHUXA160 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496558.97    | 0.08%             | 2026-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                     | BARCLAYS PLC SR UNSECURED 03/28 VAR                    | CUSIP: 06738ECQ6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1010477.64   | 0.15%             | 2028-03-12      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-4                                         | FANNIE MAE FNR 2025 4 FB                               | CUSIP: 3136BUU65<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    612244 | PA      | $614555.05    | 0.09%             | 2053-12-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-5                                | VERUS SECURITIZATION TRUST VERUS 2023 5 A1 144A        | CUSIP: 924934AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    224142 | PA      | $225101.91    | 0.03%             | 2068-06-25      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO RECEIVABLES TRUST 2024-C                            | HYUNDAI AUTO RECEIVABLES TRUST HART 2024 C A2A         | CUSIP: 448976AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    416177 | PA      | $416849.06    | 0.06%             | 2027-09-15      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | CDX ITRAXX XOV44 5Y 35-100% SP JPM                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | N/A       |         1 | NC      | $565647.89    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-4                                | VERUS SECURITIZATION TRUST VERUS 2023 4 A1 144A        | CUSIP: 92539TAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    136480 | PA      | $136621.82    | 0.02%             | 2068-05-25      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| BACARDI LIMITED                                                  | BACARDI LTD COMPANY GUAR 144A 07/26 2.75               | CUSIP: 067316AD1<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |    900000 | PA      | $892697.03    | 0.14%             | 2026-07-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-12                                        | FANNIE MAE FNR 2025 12 FG                              | CUSIP: 3136BVFH6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    237968 | PA      | $239134.36    | 0.04%             | 2055-03-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG/NEW YORK BRANCH                                 | DEUTSCHE BANK NY 01/26 4.1                             | CUSIP: 251526BZ1<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1000000 | PA      | $999955.94    | 0.15%             | 2026-01-13      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | CITIGROUP REPO REPO                     5807           | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               |  | US        |  10000000 | PA      | $10000000.00  | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA/NEW YORK BRANCH                           | GOLDMAN SACHS BANK USA SR UNSECURED 05/27 VAR          | CUSIP: 38151LAH3<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1402236.09   | 0.21%             | 2027-05-21      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | BOUGHT AUD SOLD USD 20260114                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $8982.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | CDX ITRAXX XOV44 5Y 35-100% SP BPS                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | N/A       |         1 | NC      | $94274.65     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES1                                    | WOODWARD CAPITAL MANAGEMENT RCKT 2025 CES1 A1A 144A    | CUSIP: 749427AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    311808 | PA      | $315130.53    | 0.05%             | 2045-01-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| ECMC GROUP STUDENT LOAN TRUST 2018-1A                            | ECMC GROUP STUDENT LOAN TRUST ECMC 2018 1A A 144A      | CUSIP: 26828HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    258300 | PA      | $257049.64    | 0.04%             | 2068-02-27      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                          | HCA INC DISC COML PAPER 01/26 ZCP                      | CUSIP: 40412DAD1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2895812.98   | 0.44%             | 2026-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                               | BMW US CAPITAL LLC COMPANY GUAR REGS 03/28 VAR         | CUSIP: U09513KK4<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201008.47    | 0.03%             | 2028-03-21      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | US 10YR ULTRA FUT MAR26 XCBT 20260320                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -97 | NC      | $19804.96     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2020-GA                | NAVIENT STUDENT LOAN TRUST NAVSL 2020 GA A 144A        | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    116580 | PA      | $110089.31    | 0.02%             | 2069-09-16      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2023-D                          | SMB PRIVATE EDUCATION LOAN TRU SMB 2023 D A1B 144A     | CUSIP: 78450PAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    556120 | PA      | $566131.79    | 0.09%             | 2053-09-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| DRSLF-2017-54A                                                   | DRYDEN SENIOR LOAN FUND DRSLF 2017 54A AR 144A         | CUSIP: 26244RAF8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    172443 | PA      | $172605.34    | 0.03%             | 2029-10-19      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| NAVIENT STUDENT LOAN TRUST 2020-IA                               | NAVIENT STUDENT LOAN TRUST NAVSL 2020 IA A1B 144A      | CUSIP: 63942AAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    772197 | PA      | $768477.11    | 0.12%             | 2069-04-15      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                          | HYUNDAI CAPITAL AMERICA SR UNSECURED 144A 09/27 VAR    | CUSIP: 44891ADJ3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1204757.56   | 0.18%             | 2027-09-24      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FUNDING LIMITED                                  | AVOLON HOLDINGS FNDG LTD COMPANY GUAR 144A 04/26 4.25  | CUSIP: 05401AAL5<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $199971.64    | 0.03%             | 2026-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2023-H22                | GOVERNMENT NATIONAL MORTGAGE A GNR 2023 H22 FB         | CUSIP: 38383KEF5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3769532 | PA      | $3815822.22   | 0.58%             | 2073-09-20      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                             | FNMA POOL 795297 FN 07/44 FLOATING VAR                 | CUSIP: 31405PRS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       476 | PA      | $477.99       | 0.00%             | 2044-07-01      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS INC                              | NEXTERA ENERGY CAPITAL COMPANY GUAR 02/28 VAR          | CUSIP: 65339KDH0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1505669.04   | 0.23%             | 2028-02-04      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| ECMC GROUP STUDENT LOAN TRUST 2019-1A                            | ECMC GROUP STUDENT LOAN TRUST ECMC 2019 1A A1B 144A    | CUSIP: 26829XAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    219978 | PA      | $220393.45    | 0.03%             | 2069-07-25      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                                                     | SK HYNIX INC SR UNSECURED 144A 01/27 5.5               | CUSIP: 78392BAG2<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |    400000 | PA      | $405960.40    | 0.06%             | 2027-01-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2021-NQ2R                    | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2021 NQ2R A1 144A   | CUSIP: 64831EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    142866 | PA      | $137518.67    | 0.02%             | 2058-10-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | SOLD CAD BOUGHT USD 20260114                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $-14252.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HARBORVIEW MORTGAGE LOAN TR 2005-2                               | HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2005 2 2A1A       | CUSIP: 41161PLR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7925 | PA      | $7733.79      | 0.00%             | 2035-05-19      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2019-HY2                               | TOWD POINT MORTGAGE TRUST TPMT 2019 HY2 A1 144A        | CUSIP: 89177HAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    161821 | PA      | $164926.32    | 0.02%             | 2058-05-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| PFP 2024-11 LTD                                                  | PFP III PFP 2024 11 A 144A                             | CUSIP: 69291WAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    265644 | PA      | $266481.66    | 0.04%             | 2039-09-17      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2023-H24                | GOVERNMENT NATIONAL MORTGAGE A GNR 2023 H24 FA         | CUSIP: 38383KGP1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    449369 | PA      | $454957.42    | 0.07%             | 2073-10-20      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | 317UADGA4 PIMCO SWAPTION 3.65 PUT USD 20260909         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        | 112400000 | NC      | $76038.60     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTERNATIONAL NV                                    | ENEL FINANCE INTL NV SR UNSECURED 144A 06/27 4.625     | CUSIP: 29278GAW8<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    800000 | PA      | $805986.78    | 0.12%             | 2027-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BUILDING SOCIETY                                      | NATIONWIDE BLDG SOCIETY 144A 02/28 VAR                 | CUSIP: 63861VAG2<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $201341.48    | 0.03%             | 2028-02-16      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BUILDING SOCIETY                                      | NATIONWIDE BLDG SOCIETY REGS 02/28 VAR                 | CUSIP: 63861WAG0<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $302012.22    | 0.05%             | 2028-02-16      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI CORPORATION                                           | MITSUBISHI CORP SR UNSECURED 144A 09/28 VAR            | CUSIP: 606769AQ0<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | DBT              | CORP              | JP        |    700000 | PA      | $700897.76    | 0.11%             | 2028-09-09      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2024-CES3                              | TOWD POINT MORTGAGE TRUST TPMT 2024 CES3 A1 144A       | CUSIP: 89183EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    615862 | PA      | $623585.20    | 0.09%             | 2064-05-25      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2023-3 LLC                            | ENTERPRISE FLEET FINANCING LLC EFF 2023 3 A2 144A      | CUSIP: 29374LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    884078 | PA      | $895121.13    | 0.14%             | 2030-03-20      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| BANK OF TOKYO-MITSUBISHI UFJ LTD/SYDNEY BRANCH                   | MUFG BANK LTD SYDNEY CERT OF DEPO 02/26 VAR            | CUSIP: ACI2CXPL2<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | DBT              | CORP              | JP        |   2800000 | PA      | $1869951.24   | 0.28%             | 2026-02-17      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| JACKSON NATIONAL LIFE GLOBAL FUNDING                             | JACKSON NATL LIFE GLOBAL SECURED 144A 01/28 VAR        | CUSIP: 46849CJN2<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |    800000 | PA      | $802495.68    | 0.12%             | 2028-01-14      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL EURO 2018-2 DAC 18-2A                               | BAIN CAPITAL EURO CLO BCCE 2018 2A AR 144A             | CUSIP: ACI1WTQT3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    350913 | PA      | $412655.79    | 0.06%             | 2032-01-20      | Floating      | 2.74%                 | No            |                  2 | On Loan: No      |
| MIZUHO BANK LTD/ SYDNEY BRANCH                                   | MIZUHO BANK LTD/SYDNEY CERT OF DEPO 02/26 VAR          | CUSIP: ACI2DBH61<br>LEI: 254900O5B06Y1EPP2H33 | Long             | DBT              | CORP              | JP        |   1900000 | PA      | $1268845.60   | 0.19%             | 2026-02-23      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| LONG BEACH MORTGAGE LOAN TR 2005-2                               | LONG BEACH MORTGAGE LOAN TRUST LBMLT 2005 2 M5         | CUSIP: 542514KV5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     40884 | PA      | $40847.35     | 0.01%             | 2035-04-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS INC                              | NEXTERA ENERGY CAPITAL COMPANY GUAR 01/26 VAR          | CUSIP: 65339KCR9<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000407.54   | 0.15%             | 2026-01-29      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC/AADVANTAGE LOYALTY IP LTD                  | AMERICAN AIRLINES/AADVAN SR SECURED 144A 04/26 5.5     | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    183334 | PA      | $183689.63    | 0.03%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                               | CREDIT AGRICOLE SA SR UNSECURED REGS 03/27 VAR         | CUSIP: 22535EAJ6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $401476.44    | 0.06%             | 2027-03-11      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                | HSBC HOLDINGS PLC SR UNSECURED 08/27 VAR               | CUSIP: 404280DZ9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $404287.17    | 0.06%             | 2027-08-14      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                               | ENERGY TRANSFER LP SR UNSECURED 06/27 5.5              | CUSIP: 29278NAN3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203343.37    | 0.03%             | 2027-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                          | HYUNDAI CAPITAL AMERICA SR UNSECURED 144A 03/27 VAR    | CUSIP: 44891ADS3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2209467.11   | 0.33%             | 2027-03-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2023-H23                | GOVERNMENT NATIONAL MORTGAGE A GNR 2023 H23 JF         | CUSIP: 38383KFR8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    456832 | PA      | $462238.62    | 0.07%             | 2073-09-20      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE (CIBC)                        | CANADIAN IMPERIAL BANK SR UNSECURED 09/27 VAR          | CUSIP: 13607PHU1<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $200674.55    | 0.03%             | 2027-09-11      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 3411                                                 | FREDDIE MAC FHR 3411 FL                                | CUSIP: 31397RFC5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      7143 | PA      | $7160.66      | 0.00%             | 2038-02-15      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2006-118                                              | FANNIE MAE FNR 2006 118 A2                             | CUSIP: 31396L4T4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      1246 | PA      | $1224.62      | 0.00%             | 2036-12-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| WELLFLEET CLO 2021-1 LTD                                         | WELLFLEET CLO LTD WELF 2021 1A A1R 144A                | CUSIP: 94950CAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1702071.16   | 0.26%             | 2034-04-20      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK/CINCINNATI BRANCH                               | FIFTH THIRD BANK INC SR UNSECURED 01/28 VAR            | CUSIP: 31677QBV0<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300665.24    | 0.05%             | 2028-01-28      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM6 TRUST                                              | ONSLOW BAY FINANCIAL LLC OBX 2024 NQM6 A1 144A         | CUSIP: 67118XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    613617 | PA      | $622265.91    | 0.09%             | 2064-02-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                            | FED HM LN PC POOL SD8006 FR 08/49 FIXED 4              | CUSIP: 3132DV3P8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     12932 | PA      | $12431.07     | 0.00%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FINANCE NORTH AMERICA LLC                          | MERCEDES BENZ FIN NA COMPANY GUAR REGS 11/27 VAR       | CUSIP: U5876JAY1<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301231.42    | 0.05%             | 2027-11-15      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET MTG INV INC 2005-AR5                            | STRUCTURED ASSET MORTGAGE INVE SAMI 2005 AR5 A1        | CUSIP: 86359LPD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1002 | PA      | $975.91       | 0.00%             | 2035-07-19      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| MELLON RESIDENTIAL FUND CORP 2000-TBC3                           | MELLON RESIDENTIAL FUNDING COR MRFC 2000 TBC3 A1       | CUSIP: 585525EN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       293 | PA      | $287.82       | 0.00%             | 2030-12-15      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI BANKING CORP/SYDNEY BRANCH                       | SUMITOMO MITSUI SYD CERT OF DEPO 02/26 VAR             | CUSIP: ACI2CYNV0<br>LEI: 5U0XI89JRFVHWIBS4F54 | Long             | DBT              | CORP              | JP        |   1400000 | PA      | $934968.55    | 0.14%             | 2026-02-20      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-52                                        | FANNIE MAE FNR 2025 52 FB                              | CUSIP: 3136BWUZ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1743932 | PA      | $1751914.47   | 0.27%             | 2055-07-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                          | NATIONAL BANK OF CANADA COMPANY GUAR 07/27 VAR         | CUSIP: 63307A2Z7<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   4600000 | PA      | $4611322.26   | 0.70%             | 2027-07-02      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                           | STANDARD CHARTERED PLC SR UNSECURED 144A 01/27 VAR     | CUSIP: 853254BZ2<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1700000 | PA      | $1698627.68   | 0.26%             | 2027-01-14      | Floating      | 1.46%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP 2002-P1A     | CREDIT SUISSE FIRST BOSTON MOR CSFB 2002 P1A A 144A    | CUSIP: 22540VK43<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       688 | PA      | $668.51       | 0.00%             | 2032-03-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-19                                        | FANNIE MAE FNR 2025 19 FC                              | CUSIP: 3136BVBY3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1561907 | PA      | $1568385.43   | 0.24%             | 2055-03-25      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE CORPORATION                              | NISSAN MOTOR ACCEPTANCE SR UNSECURED 144A 09/26 1.85   | CUSIP: 65480CAC9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2153207.54   | 0.33%             | 2026-09-16      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                          | HYUNDAI CAPITAL AMERICA SR UNSECURED 144A 09/27 4.3    | CUSIP: 44891ADF1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301058.99    | 0.05%             | 2027-09-24      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                          | GOLDMAN SACHS GROUP INC SR UNSECURED 09/27 VAR         | CUSIP: 38141GYH1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    400000 | PA      | $400833.70    | 0.06%             | 2027-09-10      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| GCAT 2022-HX1 TRUST                                              | GCAT GCAT 2022 HX1 A1 144A                             | CUSIP: 36168XAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    642648 | PA      | $605393.99    | 0.09%             | 2066-12-27      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2019-2                                 | NELNET STUDENT LOAN TRUST NSLT 2019 2A A 144A          | CUSIP: 64034NAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    140912 | PA      | $141152.34    | 0.02%             | 2067-06-27      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG/NEW YORK BRANCH                                 | DEUTSCHE BANK NY 11/27 VAR                             | CUSIP: 251526CP2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   2700000 | PA      | $2656897.98   | 0.40%             | 2027-11-16      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| NYO COMMERCIAL MORTGAGE TRUST 2021-1290                          | NYO COMMERCIAL MORTGAGE TRUST NYO 2021 1290 A 144A     | CUSIP: 62955HAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1598804.16   | 0.24%             | 2038-11-15      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM4 TRUST                                              | ONSLOW BAY FINANCIAL LLC OBX 2024 NQM4 A1 144A         | CUSIP: 67118TAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    564711 | PA      | $569955.24    | 0.09%             | 2064-01-25      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2025-2                                  | ANGEL OAK MORTGAGE TRUST AOMT 2025 2 A1 144A           | CUSIP: 03466QAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    268749 | PA      | $271414.07    | 0.04%             | 2070-02-25      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA/LONDON BRANCH                                 | CREDIT AGRICOLE LONDON REGS 07/27 4.4                  | CUSIP: ACI0W1R65<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $132033.87    | 0.02%             | 2027-07-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                              | NOMURA HOLDINGS INC SR UNSECURED 07/26 1.653           | CUSIP: 65535HAW9<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    600000 | PA      | $592686.42    | 0.09%             | 2026-07-14      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| GREYWOLF CLO III LTD 2020-3RA                                    | GREYWOLF CLO LTD GWOLF 2020 3RA A1R2 144A              | CUSIP: 39809CAY0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2526830 | PA      | $2528528.76   | 0.38%             | 2033-04-22      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                             | ROYAL BANK OF CANADA SR UNSECURED 10/27 VAR            | CUSIP: 78017FZR7<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1200000 | PA      | $1203343.54   | 0.18%             | 2027-10-18      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP (AKA: AMERICAN TOWER REIT INC)               | AMERICAN TOWER CORP SR UNSECURED 03/27 3.65            | CUSIP: 03027XBV1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1892660.70   | 0.29%             | 2027-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COS INC                                                 | WILLIAMS COMPANIES INC SR UNSECURED 03/26 5.4          | CUSIP: 969457CH1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1102462.02   | 0.17%             | 2026-03-02      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA (AKA: RABOBANK NEDERLAND)               | COOPERATIEVE RABOBANK UA 144A 02/27 VAR                | CUSIP: 74977RDK7<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   4250000 | PA      | $4231517.60   | 0.64%             | 2027-02-24      | Floating      | 1.11%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** PIMCO Variable Insurance Trust

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer