# EDGAR Filing Document

**Accession Number:** 0001612930
**File Stem:** 0001193125-25-335129
**Filing Date:** 2025-12
**Character Count:** 248787
**Document Hash:** e725f28751ed5ef7a1ce2bcff00b0886
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-335129.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001193125-25-335129

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Angel Oak Funds Trust
- **CENTRAL INDEX KEY:** 0001612930

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22980
- **FILM NUMBER:** 251608331

**BUSINESS ADDRESS:**
- **STREET 1:** 3344 PEACHTREE ROAD NE, SUITE 1725
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30326
- **BUSINESS PHONE:** 404-953-4900

**MAIL ADDRESS:**
- **STREET 1:** 3344 PEACHTREE ROAD NE, SUITE 1725
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30326

## Series and Classes Contracts Data

### Angel Oak UltraShort Income Fund (Series ID: S000061509)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000199192 | Class A             | AOUAX           |
| C000199193 | Institutional Class | AOUIX           |
| C000199194 | Class A1            | AOUNX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Angel Oak UltraShort Income Fund** | **Angel Oak UltraShort Income Fund** | **Angel Oak UltraShort Income Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** |
| **ASSET-BACKED SECURITIES - 23.8%** | **Par** | **Value**  |
| **Automobile - 8.6%** | **Automobile - 8.6%** | **Automobile - 8.6%** |
|  ACM Auto Trust, Series 2025-3A, Class A, 5.01%, 01/22/2030 <sup>(a)</sup> | $1233551 | $1227365 |
|  AgoraCapital Auto Securities Trust, Series 2025-1A, Class A, 6.40%, 11/25/2032 <sup>(a)</sup> | 768518 | 770161 |
|  American Credit Acceptance Receivables Trust, Series 2024-2, Class D, 6.53%, 04/12/2030 <sup>(a)</sup> | 3000000 | 3062914 |
|  Arivo Acceptance Auto Loan Receivables Trust, Series 2022-2A, Class A, 6.90%, 01/16/2029 <sup>(a)</sup> | 120369 | 121504 |
| Avis Budget Car Rental LLC | Avis Budget Car Rental LLC | Avis Budget Car Rental LLC |
| &nbsp;&nbsp; Series 2020-2A, Class A, 2.02%, 02/20/2027 <sup>(a)</sup> | 2666667 | 2655922 |
| &nbsp;&nbsp; Series 2022-5A, Class B, 7.09%, 04/20/2027 <sup>(a)</sup> | 3000000 | 3020580 |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust |
| &nbsp;&nbsp; Series 2020-N1A, Class E, 5.20%, 07/15/2027 <sup>(a)</sup> | 379089 | 378884 |
| &nbsp;&nbsp; Series 2021-N1, Class C, 1.30%, 01/10/2028 | 422189 | 414941 |
| &nbsp;&nbsp; Series 2021-N2, Class B, 0.75%, 03/10/2028 | 611094 | 596548 |
| &nbsp;&nbsp; Series 2021-N2, Class C, 1.07%, 03/10/2028 | 181382 | 176851 |
| &nbsp;&nbsp; Series 2021-N3, Class C, 1.02%, 06/12/2028 | 426004 | 412861 |
| &nbsp;&nbsp; Series 2025-P2, Class N, 5.71%, 06/10/2033 <sup>(a)</sup> | 1089228 | 1089190 |
|  CPS Auto Trust, Series 2023-D, Class D, 7.80%, 01/15/2030 <sup>(a)</sup> | 2000000 | 2086718 |
| DT Auto Owner Trust | DT Auto Owner Trust | DT Auto Owner Trust |
| &nbsp;&nbsp; Series 2022-1A, Class E, 5.53%, 03/15/2029 <sup>(a)</sup> | 1170000 | 1167532 |
| &nbsp;&nbsp; Series 2022-2A, Class D, 5.46%, 03/15/2028 <sup>(a)</sup> | 4455216 | 4465942 |
| &nbsp;&nbsp; Series 2022-3A, Class E, 10.99%, 07/16/2029 <sup>(a)</sup> | 2000000 | 2104502 |
| Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust |
| &nbsp;&nbsp; Series 2022-1A, Class E, 5.02%, 10/15/2029 <sup>(a)</sup> | 1500000 | 1467356 |
| &nbsp;&nbsp; Series 2022-3A, Class D, 6.76%, 09/15/2028 | 5940300 | 6009347 |
| FHF Trust | FHF Trust | FHF Trust |
| &nbsp;&nbsp; Series 2022-2A, Class A, 6.14%, 12/15/2027 <sup>(a)</sup> | 92353 | 92490 |
| &nbsp;&nbsp; Series 2024-1A, Class C, 7.42%, 05/15/2031 <sup>(a)</sup> | 2000000 | 1999247 |
| Flagship Credit Auto Trust | Flagship Credit Auto Trust | Flagship Credit Auto Trust |
| &nbsp;&nbsp; Series 2021-3, Class D, 1.65%, 09/15/2027 <sup>(a)</sup> | 193000 | 183866 |
| &nbsp;&nbsp; Series 2021-4, Class D, 2.26%, 12/15/2027 <sup>(a)</sup> | 288000 | 270351 |
| &nbsp;&nbsp; Series 2022-2, Class C, 5.30%, 04/17/2028 <sup>(a)</sup> | 1000000 | 995732 |
| Hertz Corp. | Hertz Corp. | Hertz Corp. |
| &nbsp;&nbsp; Series 2021-2A, Class C, 2.52%, 12/27/2027 <sup>(a)</sup> | 1500000 | 1462004 |
| &nbsp;&nbsp; Series 2023-1A, Class B, 6.22%, 06/25/2027 <sup>(a)</sup> | 1000000 | 1005132 |
|  Huntington Bank Auto Credit-Linked Notes, Series 2024-1, Class B1, 6.15%, 05/20/2032 <sup>(a)</sup> | 242227 | 246014 |
| Lendbuzz Securitization Trust | Lendbuzz Securitization Trust | Lendbuzz Securitization Trust |
| &nbsp;&nbsp; Series 2023-1A, Class A2, 6.92%, 08/15/2028 <sup>(a)</sup> | 266834 | 269626 |
| &nbsp;&nbsp; Series 2023-3A, Class A2, 7.50%, 12/15/2028 <sup>(a)</sup> | 208466 | 211982 |
| Lobel Automobile Receivables Trust | Lobel Automobile Receivables Trust | Lobel Automobile Receivables Trust |
| &nbsp;&nbsp; Series 2023-1, Class C, 8.31%, 10/16/2028 <sup>(a)</sup> | 1223997 | 1229888 |
| &nbsp;&nbsp; Series 2023-1, Class D, 8.00%, 03/15/2030 <sup>(a)</sup> | 3010000 | 3054332 |
| &nbsp;&nbsp; Series 2023-2, Class C, 10.04%, 06/15/2029 <sup>(a)</sup> | 3000000 | 3091061 |
|  Luxury Lease Partners Auto Lease Trust, Series 2024-4, Class A, 7.29%, 07/15/2030 <sup>(a)</sup> | 225345 | 225389 |
|  Prestige Auto Receivables Trust, Series 2025-1A, Class B, 5.34%, 11/15/2028 <sup>(a)</sup> | 3000000 | 3016622 |
| Research-Driven Pagaya Motor Asset Trust | Research-Driven Pagaya Motor Asset Trust | Research-Driven Pagaya Motor Asset Trust |
| &nbsp;&nbsp; Series 2023-3A, Class A, 7.13%, 01/26/2032 <sup>(a)</sup> | 181848 | 182095 |
| &nbsp;&nbsp; Series 2023-4A, Class A, 7.54%, 03/25/2032 <sup>(a)</sup> | 636435 | 637474 |
| &nbsp;&nbsp; Series 2025-3A, Class A2, 5.15%, 02/27/2034 <sup>(a)</sup> | 3500000 | 3510495 |
| &nbsp;&nbsp; Series 2025-5A, Class A3, 4.84%, 06/26/2034 <sup>(a)</sup> | 2000000 | 1996659 |
|  Skopos Auto Receivable Trust, Series 2019-1A, Class E, 7.82%, 06/15/2026 <sup>(a)</sup> | 279088 | 279170 |
|  Strike Acceptance Auto Funding Trust, Series 2025-1A, Class A, 5.84%, 04/15/2032 <sup>(a)</sup> | 1335244 | 1337859 |
|  United Auto Credit Securitization Trust, Series 2025-1, Class B, 5.05%, 02/10/2028 <sup>(a)</sup> | 3500000 | 3504320 |
|  US Auto Funding Trust, Series 2022-1A, Class B, 5.13%, 12/15/2025 <sup>(a)</sup> | 740580 | 270749 |
|  Veros Automobile Receivables Trust, Series 2024-1, Class C, 7.57%, 12/15/2028 <sup>(a)</sup> | 920000 | 942282 |
|  Westlake Automobile Receivables Trust, Series 2025-2A, Class A2B, 4.81% (30 day avg SOFR US + 0.58%), 09/15/2028 <sup>(a)</sup> | 3000000 | 2997739 |
|  |  | 64241696 |
| **Consumer - 14.0%** | **Consumer - 14.0%** | **Consumer - 14.0%** |
| ACHV ABS Trust | ACHV ABS Trust | ACHV ABS Trust |
| &nbsp;&nbsp; Series 2023-1PL, Class D, 8.47%, 03/18/2030 <sup>(a)</sup> | 1717882 | 1723251 |
| &nbsp;&nbsp; Series 2023-3PL, Class D, 8.36%, 08/19/2030 <sup>(a)</sup> | 2486429 | 2515516 |
| &nbsp;&nbsp; Series 2024-1PL, Class C, 6.42%, 04/25/2031 <sup>(a)</sup> | 444333 | 449798 |
| &nbsp;&nbsp; Series 2024-1PL, Class D, 7.29%, 04/25/2031 <sup>(a)</sup> | 1229236 | 1245360 |
| &nbsp;&nbsp; Series 2024-2PL, Class A, 5.07%, 10/27/2031 <sup>(a)</sup> | 745107 | 748780 |
| &nbsp;&nbsp; Series 2024-2PL, Class B, 5.43%, 10/27/2031 <sup>(a)</sup> | 448369 | 452084 |
| &nbsp;&nbsp; Series 2024-3AL, Class C, 5.68%, 12/26/2031 <sup>(a)</sup> | 554949 | 560756 |
|  AMCR ABS Trust Series 2024-A, Class A, 6.26%, 08/18/2031 <sup>(a)</sup> | 1083607 | 1086994 |
|  Cascade Funding Mortgage Trust Series 2021-GRN1, Class A, 1.10%, 03/20/2041 <sup>(a)</sup> | 62957 | 62789 |
|  Cherry Securitization Trust Series 2025-1A, Class A, 6.13%, 11/15/2032 <sup>(a)</sup> | 1500000 | 1520390 |
|  Foundation Finance Trust Series 2021-2A, Class A, 2.19%, 01/15/2042 <sup>(a)</sup> | 477908 | 455712 |
| FREED ABS Trust | FREED ABS Trust | FREED ABS Trust |
| &nbsp;&nbsp; Series 2022-3FP, Class D, 7.36%, 08/20/2029 <sup>(a)</sup> | 391760 | 393930 |
| &nbsp;&nbsp; Series 2022-4FP, Class D, 7.40%, 12/18/2029 <sup>(a)</sup> | 925286 | 930277 |
|  Goldman Home Improvement Trust Series 2021-GRN2, Class A, 1.15%, 06/25/2051 <sup>(a)</sup> | 411378 | 402326 |
|  Lendingpoint Asset Securitization Trust Series 2021-B, Class C, 3.21%, 02/15/2029 <sup>(a)</sup> | 573296 | 567272 |
| LendingPoint Pass-Through Trust | LendingPoint Pass-Through Trust | LendingPoint Pass-Through Trust |
| &nbsp;&nbsp; Series 2022-ST1, Class A, 2.50%, 03/15/2028 <sup>(a)</sup> | 9839 | 9815 |
| &nbsp;&nbsp; Series 2022-ST2, Class A, 3.25%, 04/15/2028 <sup>(a)</sup> | 18697 | 18646 |
| Marlette Funding Trust | Marlette Funding Trust | Marlette Funding Trust |
| &nbsp;&nbsp; Series 2023-3A, Class C, 7.06%, 09/15/2033 <sup>(a)</sup> | 2473115 | 2486150 |
| &nbsp;&nbsp; Series 2023-3A, Class D, 8.04%, 09/15/2033 <sup>(a)</sup> | 3785000 | 3890461 |
| Momnt Technologies Trust | Momnt Technologies Trust | Momnt Technologies Trust |
| &nbsp;&nbsp; Series 2023-1A, Class A, 6.92%, 03/20/2045 <sup>(a)</sup> | 301592 | 302009 |
| &nbsp;&nbsp; Series 2025-1A, Class A, 6.24%, 06/20/2043 <sup>(a)</sup> | 1724851 | 1734609 |
|  NetCredit Funding LLC Series 2024-A, Class A, 7.43%, 10/21/2030 <sup>(a)</sup> | 27945 | 28088 |
| Oportun Financial Corp. | Oportun Financial Corp. | Oportun Financial Corp. |
| &nbsp;&nbsp; Series 2024-2, Class A, 5.86%, 02/09/2032 <sup>(a)</sup> | 154430 | 154540 |
| &nbsp;&nbsp; Series 2024-2, Class B, 5.83%, 02/09/2032 <sup>(a)</sup> | 500000 | 501568 |
| &nbsp;&nbsp; Series 2024-3, Class B, 5.48%, 08/15/2029 <sup>(a)</sup> | 3000000 | 3006076 |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust |
| &nbsp;&nbsp; Series 2021-1, Class C, 4.09%, 11/15/2027 <sup>(a)</sup> | 17478 | 17337 |
| &nbsp;&nbsp; Series 2022-1, Class C, 4.89%, 10/15/2029 <sup>(a)</sup> | 2282489 | 2263259 |
| &nbsp;&nbsp; Series 2023-5, Class C, 9.10%, 04/15/2031 <sup>(a)</sup> | 318659 | 319375 |
| &nbsp;&nbsp; Series 2023-7, Class ABC, 8.80%, 07/15/2031 <sup>(a)(b)</sup> | 621419 | 623464 |
| &nbsp;&nbsp; Series 2023-7, Class C, 8.80%, 07/15/2031 <sup>(a)</sup> | 556189 | 559061 |
| &nbsp;&nbsp; Series 2023-8, Class B, 7.96%, 06/16/2031 <sup>(a)</sup> | 3689202 | 3765174 |
| &nbsp;&nbsp; Series 2023-8, Class C, 9.54%, 06/16/2031 <sup>(a)</sup> | 4002005 | 4081328 |
| &nbsp;&nbsp; Series 2024-1, Class B, 7.11%, 07/15/2031 <sup>(a)</sup> | 1948711 | 1961291 |
| &nbsp;&nbsp; Series 2024-1, Class C, 8.34%, 07/15/2031 <sup>(a)</sup> | 2111661 | 2131590 |
| &nbsp;&nbsp; Series 2024-10, Class C, 5.99%, 06/15/2032 <sup>(a)</sup> | 1449393 | 1458198 |
| &nbsp;&nbsp; Series 2024-11, Class B, 5.64%, 07/15/2032 <sup>(a)</sup> | 3537679 | 3562354 |
| &nbsp;&nbsp; Series 2024-11, Class C, 5.87%, 07/15/2032 <sup>(a)</sup> | 797499 | 802974 |
| &nbsp;&nbsp; Series 2024-2, Class B, 6.61%, 08/15/2031 <sup>(a)</sup> | 2988349 | 3007252 |
| &nbsp;&nbsp; Series 2024-2, Class C, 7.57%, 08/15/2031 <sup>(a)</sup> | 485890 | 489854 |
| &nbsp;&nbsp; Series 2024-3, Class A, 6.26%, 10/15/2031 <sup>(a)</sup> | 203156 | 204206 |
| &nbsp;&nbsp; Series 2024-3, Class B, 6.57%, 10/15/2031 <sup>(a)</sup> | 2583757 | 2598710 |
| &nbsp;&nbsp; Series 2024-3, Class C, 7.30%, 10/15/2031 <sup>(a)</sup> | 516426 | 520424 |
| &nbsp;&nbsp; Series 2024-5, Class B, 6.60%, 10/15/2031 <sup>(a)</sup> | 1095270 | 1104437 |
| &nbsp;&nbsp; Series 2024-6, Class B, 6.59%, 11/15/2031 <sup>(a)</sup> | 1158324 | 1167132 |
| &nbsp;&nbsp; Series 2024-8, Class D, 6.53%, 01/15/2032 <sup>(a)</sup> | 839542 | 844460 |
| &nbsp;&nbsp; Series 2024-9, Class D, 6.17%, 03/15/2032 <sup>(a)</sup> | 648365 | 652017 |
| &nbsp;&nbsp; Series 2025-1, Class B, 5.63%, 07/15/2032 <sup>(a)</sup> | 999915 | 1009427 |
| &nbsp;&nbsp; Series 2025-1, Class C, 5.87%, 07/15/2032 <sup>(a)</sup> | 999915 | 1007536 |
| &nbsp;&nbsp; Series 2025-2, Class B, 5.33%, 10/15/2032 <sup>(a)</sup> | 1624829 | 1636027 |
| &nbsp;&nbsp; Series 2025-2, Class C, 5.64%, 10/15/2032 <sup>(a)</sup> | 1999790 | 2011484 |
| &nbsp;&nbsp; Series 2025-3, Class A2, 5.37%, 12/15/2032 <sup>(a)</sup> | 999798 | 1007282 |
| &nbsp;&nbsp; Series 2025-3, Class B, 6.06%, 12/15/2032 <sup>(a)</sup> | 999798 | 1016179 |
| &nbsp;&nbsp; Series 2025-4, Class A2, 5.37%, 01/17/2033 <sup>(a)</sup> | 2500000 | 2519126 |
| &nbsp;&nbsp; Series 2025-4, Class B, 5.69%, 01/17/2033 <sup>(a)</sup> | 3000000 | 3040872 |
| &nbsp;&nbsp; Series 2025-4, Class C, 6.15%, 01/17/2033 <sup>(a)</sup> | 1000000 | 1015141 |
| &nbsp;&nbsp; Series 2025-5, Class C, 5.64%, 03/15/2033 <sup>(a)</sup> | 4500000 | 4529952 |
| &nbsp;&nbsp; Series 2025-6, Class A2, 4.50%, 04/15/2033 <sup>(a)</sup> | 1163831 | 1163437 |
| &nbsp;&nbsp; Series 2025-6, Class B, 4.88%, 04/15/2033 <sup>(a)</sup> | 1000000 | 999877 |
| &nbsp;&nbsp; Series 2025-7, Class A2, 4.53%, 05/15/2033 <sup>(a)</sup> | 7000000 | 6989722 |
| &nbsp;&nbsp; Series 2025-7, Class B, 5.06%, 05/15/2033 <sup>(a)</sup> | 2000000 | 1995965 |
| &nbsp;&nbsp; Series 2025-R1, Class A2, 5.34%, 06/15/2032 <sup>(a)</sup> | 1700000 | 1713988 |
| Pagaya Technologies Ltd. | Pagaya Technologies Ltd. | Pagaya Technologies Ltd. |
| &nbsp;&nbsp; Series 2025-1, Class A, 5.72%, 01/20/2034 <sup>(a)</sup> | 1600000 | 1616257 |
| &nbsp;&nbsp; Series 2025-1, Class C, 6.30%, 01/20/2034 <sup>(a)</sup> | 2000000 | 2019749 |
|  Sotheby's Artfi Master Trust Series 2024-1A, Class A1, 6.43%, 12/22/2031 <sup>(a)</sup> | 3446000 | 3465004 |
|  SpringCastle America LLC Series 2020-AA, Class A, 1.97%, 09/25/2037 <sup>(a)</sup> | 4409369 | 4181081 |
|  Sunbit Asset Securitization Trust Series 2025-1, Class A, 5.36%, 07/15/2030 <sup>(a)</sup> | 1000000 | 1004729 |
|  Theorem Funding Trust Series 2022-3A, Class B, 8.95%, 04/15/2029 <sup>(a)</sup> | 1279317 | 1294312 |
| Upstart Pass-Through Trust Series | Upstart Pass-Through Trust Series | Upstart Pass-Through Trust Series |
| &nbsp;&nbsp; Series 2021-ST4, Class A, 2.00%, 07/20/2027 <sup>(a)</sup> | 41558 | 41487 |
| &nbsp;&nbsp; Series 2022-ST3, Class A, 4.30%, 05/20/2030 <sup>(a)</sup> | 259285 | 258330 |
| Upstart Securitization Trust | Upstart Securitization Trust | Upstart Securitization Trust |
| &nbsp;&nbsp; Series 2021-3, Class C, 3.28%, 07/20/2031 <sup>(a)</sup> | 132695 | 132108 |
| &nbsp;&nbsp; Series 2025-1, Class A, 5.45%, 04/20/2035 <sup>(a)</sup> | 1753879 | 1762434 |
| Upstart Structured Pass-Through Trust | Upstart Structured Pass-Through Trust | Upstart Structured Pass-Through Trust |
| &nbsp;&nbsp; Series 2022-2A, Class A, 4.25%, 06/17/2030 <sup>(a)</sup> | 107005 | 106602 |
| &nbsp;&nbsp; Series 2022-4A, Class B, 8.54%, 11/15/2030 <sup>(a)</sup> | 203083 | 203441 |
|  |  | 105122643 |
| **Credit Card - 0.3%** | **Credit Card - 0.3%** | **Credit Card - 0.3%** |
| Mission Lane Credit Card Master Trust | Mission Lane Credit Card Master Trust | Mission Lane Credit Card Master Trust |
| &nbsp;&nbsp; Series 2025-A, Class A, 5.80%, 05/15/2030 <sup>(a)</sup> | 1500000 | 1515216 |
| &nbsp;&nbsp; Series 2025-C, Class A, 4.78%, 12/16/2030 <sup>(a)</sup> | 1000000 | 1002378 |
|  |  | 2517594 |
| **Equipment - 0.4%** | **Equipment - 0.4%** | **Equipment - 0.4%** |
|  Octane Receivables Trust Series 2022-2A, Class D, 7.70%, 02/20/2030 <sup>(a)</sup> | 3000000 | 3095488 |
| **Fiber - 0.5%** | **Fiber - 0.5%** | **Fiber - 0.5%** |
|  Frontier Communications Parent, Inc. Series 2023-1, Class A2, 6.60%, 08/20/2053 <sup>(a)</sup> | 4000000 | 4051362 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $179,409,054) | **TOTAL ASSET-BACKED SECURITIES** (Cost $179,409,054) | 179028783 |
| **CORPORATE OBLIGATIONS - 22.7%** | **Par** | **Value**  |
| **Basic Materials - 1.4%** | **Basic Materials - 1.4%** | **Basic Materials - 1.4%** |
|  ArcelorMittal SA, 6.55%, 11/29/2027 | 3050000 | 3172767 |
|  Cabot Corp., 3.40%, 09/15/2026 | 700000 | 694291 |
|  Consolidated Energy Finance SA, 6.50%, 05/15/2026 <sup>(a)</sup> | 500000 | 479415 |
|  CVR Partners LP / CVR Nitrogen Finance Corp., 6.13%, 06/15/2028 <sup>(a)</sup> | 225000 | 224932 |
|  FMC Corp., 3.20%, 10/01/2026 | 3050000 | 3002557 |
|  International Flavors & Fragrances, Inc., 1.83%, 10/15/2027 <sup>(a)</sup> | 3050000 | 2908245 |
|  Methanex Corp., 5.13%, 10/15/2027 | 350000 | 351063 |
|  |  | 10833270 |
| **Communications - 0.4%** | **Communications - 0.4%** | **Communications - 0.4%** |
|  Directv Financing LLC / Directv Financing Co.-Obligor, Inc., 5.88%, 08/15/2027 <sup>(a)</sup> | 246000 | 246165 |
|  Juniper Networks, Inc., 1.20%, 12/10/2025 | 500000 | 498251 |
|  Nexstar Media, Inc., 5.63%, 07/15/2027 <sup>(a)</sup> | 450000 | 450097 |
|  Sprint LLC, 7.63%, 03/01/2026 | 1710000 | 1710000 |
|  |  | 2904513 |
| **Consumer, Cyclical - 4.2%** | **Consumer, Cyclical - 4.2%** | **Consumer, Cyclical - 4.2%** |
|  American Axle & Manufacturing, Inc., 6.50%, 04/01/2027 | 600000 | 600000 |
|  Beazer Homes USA, Inc., 5.88%, 10/15/2027 | 600000 | 600873 |
|  BorgWarner, Inc., 2.65%, 07/01/2027 | 900000 | 879314 |
|  Carnival Corp., 4.00%, 08/01/2028 <sup>(a)</sup> | 3050000 | 3002299 |
| Delta Air Lines, Inc. | Delta Air Lines, Inc. | Delta Air Lines, Inc. |
| &nbsp;&nbsp; 7.38%, 01/15/2026 | 1700000 | 1704872 |
| &nbsp;&nbsp; 4.95%, 07/10/2028 | 1300000 | 1318138 |
|  Ford Motor Credit Co. LLC, 2.90%, 02/16/2028 | 2900000 | 2774698 |
|  General Motors Co., 5.35%, 04/15/2028 | 180000 | 184378 |
| General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. |
| &nbsp;&nbsp; 5.40%, 04/06/2026 | 400000 | 401807 |
| &nbsp;&nbsp; 2.40%, 04/10/2028 | 2650000 | 2534327 |
| Hyatt Hotels Corp. | Hyatt Hotels Corp. | Hyatt Hotels Corp. |
| &nbsp;&nbsp; 4.85%, 03/15/2026 | 300000 | 300058 |
| &nbsp;&nbsp; 5.05%, 03/30/2028 | 2750000 | 2799307 |
|  Mattel, Inc., 3.38%, 04/01/2026 <sup>(a)</sup> | 3000000 | 2983009 |
|  Meritage Homes Corp., 5.13%, 06/06/2027 | 1700000 | 1712135 |
|  Newell Brands, Inc., 8.50%, 06/01/2028 <sup>(a)</sup> | 650000 | 668471 |
| Royal Caribbean Cruises Ltd. | Royal Caribbean Cruises Ltd. | Royal Caribbean Cruises Ltd. |
| &nbsp;&nbsp; 4.25%, 07/01/2026 <sup>(a)</sup> | 1770000 | 1768343 |
| &nbsp;&nbsp; 5.50%, 04/01/2028 <sup>(a)</sup> | 1230000 | 1251306 |
|  Southwest Airlines Co., 3.00%, 11/15/2026 | 2007000 | 1981726 |
|  Toll Brothers Finance Corp., 4.88%, 03/15/2027 | 930000 | 935720 |
|  United Airlines, Inc., 4.38%, 04/15/2026 <sup>(a)</sup> | 3360000 | 3355162 |
|  |  | 31755943 |
| **Consumer, Non-cyclical - 1.5%** | **Consumer, Non-cyclical - 1.5%** | **Consumer, Non-cyclical - 1.5%** |
|  Ashtead Capital, Inc., 1.50%, 08/12/2026 <sup>(a)</sup> | 1750000 | 1712202 |
|  Conagra Brands, Inc., 1.38%, 11/01/2027 | 1950000 | 1841532 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. |
| &nbsp;&nbsp; 5.25%, 06/15/2026 | 125000 | 125127 |
| &nbsp;&nbsp; 5.20%, 06/01/2028 | 1700000 | 1740929 |
|  Keurig Dr Pepper, Inc., 5.10%, 03/15/2027 | 3000000 | 3029798 |
|  Kraft Heinz Foods Co., 3.00%, 06/01/2026 | 2500000 | 2481746 |
|  Universal Health Services, Inc., 1.65%, 09/01/2026 | 700000 | 685321 |
|  |  | 11616655 |
| **Energy - 2.7%** | **Energy - 2.7%** | **Energy - 2.7%** |
|  Archrock Partners LP / Archrock Partners Finance Corp., 6.88%, 04/01/2027 <sup>(a)</sup> | 600000 | 602333 |
| Continental Resources, Inc. | Continental Resources, Inc. | Continental Resources, Inc. |
| &nbsp;&nbsp; 2.27%, 11/15/2026 <sup>(a)</sup> | 1800000 | 1755174 |
| &nbsp;&nbsp; 4.38%, 01/15/2028 | 1100000 | 1096054 |
| EQT Corp. | EQT Corp. | EQT Corp. |
| &nbsp;&nbsp; 3.13%, 05/15/2026 <sup>(a)</sup> | 904000 | 895828 |
| &nbsp;&nbsp; 6.50%, 07/01/2027 | 1250000 | 1279757 |
| &nbsp;&nbsp; 3.90%, 10/01/2027 | 896000 | 889597 |
| Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. |
| &nbsp;&nbsp; 3.20%, 08/15/2026 | 950000 | 940119 |
| &nbsp;&nbsp; 3.00%, 02/15/2027 | 1115000 | 1100242 |
| &nbsp;&nbsp; 7.15%, 05/15/2028 | 835000 | 893855 |
| ONEOK, Inc. | ONEOK, Inc. | ONEOK, Inc. |
| &nbsp;&nbsp; 4.85%, 07/15/2026 | 600000 | 600935 |
| &nbsp;&nbsp; 4.55%, 07/15/2028 | 1100000 | 1108079 |
| Ovintiv, Inc. | Ovintiv, Inc. | Ovintiv, Inc. |
| &nbsp;&nbsp; 5.38%, 01/01/2026 | 1800000 | 1798376 |
| &nbsp;&nbsp; 5.65%, 05/15/2028 | 240000 | 246826 |
|  PBF Holding Co. LLC / PBF Finance Corp., 6.00%, 02/15/2028 | 600000 | 596020 |
| Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC |
| &nbsp;&nbsp; 5.88%, 06/30/2026 | 177000 | 177415 |
| &nbsp;&nbsp; 4.20%, 03/15/2028 | 750000 | 750757 |
|  Targa Resources Partners LP / Targa Resources Partners Finance Corp., 5.00%, 01/15/2028 | 1500000 | 1501506 |
|  Venture Global LNG, Inc., 8.13%, 06/01/2028 <sup>(a)</sup> | 650000 | 669988 |
| Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP |
| &nbsp;&nbsp; 4.50%, 03/01/2028 | 900000 | 902229 |
| &nbsp;&nbsp; 4.75%, 08/15/2028 | 2150000 | 2167071 |
|  |  | 19972161 |
| **Financial - 7.1%** | **Financial - 7.1%** | **Financial - 7.1%** |
|  ABN AMRO Bank NV, 4.80%, 04/18/2026 <sup>(a)</sup> | 3100000 | 3103434 |
|  Air Lease Corp., 1.88%, 08/15/2026 | 3000000 | 2945956 |
| Aircastle Ltd. | Aircastle Ltd. | Aircastle Ltd. |
| &nbsp;&nbsp; 2.85%, 01/26/2028 <sup>(a)</sup> | 1800000 | 1739758 |
| &nbsp;&nbsp; 6.50%, 07/18/2028 <sup>(a)</sup> | 1270000 | 1334561 |
|  Apollo Management Holdings LP, 4.40%, 05/27/2026 <sup>(a)</sup> | 340000 | 340114 |
| Ares Capital Corp. | Ares Capital Corp. | Ares Capital Corp. |
| &nbsp;&nbsp; 7.00%, 01/15/2027 | 2150000 | 2208726 |
| &nbsp;&nbsp; 2.88%, 06/15/2028 | 850000 | 809548 |
|  Athene Global Funding, 5.52%, 03/25/2027 <sup>(a)</sup> | 2580000 | 2623872 |
| Avolon Holdings Funding Ltd. | Avolon Holdings Funding Ltd. | Avolon Holdings Funding Ltd. |
| &nbsp;&nbsp; 2.53%, 11/18/2027 <sup>(a)</sup> | 308000 | 296966 |
| &nbsp;&nbsp; 2.75%, 02/21/2028 <sup>(a)</sup> | 1150000 | 1106203 |
| &nbsp;&nbsp; 6.38%, 05/04/2028 <sup>(a)</sup> | 1632000 | 1701257 |
|  Barclays PLC, 5.20%, 05/12/2026 | 3180000 | 3192817 |
|  Blackstone Mortgage Trust, Inc., 3.75%, 01/15/2027 <sup>(a)</sup> | 600000 | 589098 |
|  Capital One NA, 3.45%, 07/27/2026 | 1100000 | 1093436 |
|  Comerica, Inc., 3.80%, 07/22/2026 | 1800000 | 1791663 |
|  Cooperatieve Rabobank UA, 3.75%, 07/21/2026 | 3060000 | 3047947 |
|  Fifth Third Bank NA, 3.85%, 03/15/2026 | 1850000 | 1846385 |
|  Freedom Mortgage Corp., 6.63%, 01/15/2027 <sup>(a)</sup> | 600000 | 601746 |
|  GGAM Finance Ltd., 8.00%, 02/15/2027 <sup>(a)</sup> | 250000 | 255765 |
|  Global Aircraft Leasing Co. Ltd., 8.75%, 09/01/2027 <sup>(a)</sup> | 600000 | 618474 |
|  goeasy Ltd., 4.38%, 05/01/2026 <sup>(a)</sup> | 274000 | 271166 |
| HAT Holdings I LLC / HAT Holdings II LLC | HAT Holdings I LLC / HAT Holdings II LLC | HAT Holdings I LLC / HAT Holdings II LLC |
| &nbsp;&nbsp; 3.38%, 06/15/2026 <sup>(a)</sup> | 825000 | 817087 |
| &nbsp;&nbsp; 8.00%, 06/15/2027 <sup>(a)</sup> | 2040000 | 2119278 |
|  Host Hotels & Resorts LP, 4.50%, 02/01/2026 | 950000 | 948965 |
|  Jefferson Capital Holdings LLC, 6.00%, 08/15/2026 <sup>(a)</sup> | 650000 | 647453 |
|  KeyBank NA, 3.40%, 05/20/2026 | 1040000 | 1034827 |
| Lloyds Banking Group PLC | Lloyds Banking Group PLC | Lloyds Banking Group PLC |
| &nbsp;&nbsp; 4.58%, 12/10/2025 | 950000 | 950174 |
| &nbsp;&nbsp; 4.65%, 03/24/2026 | 800000 | 800697 |
| LPL Holdings, Inc. | LPL Holdings, Inc. | LPL Holdings, Inc. |
| &nbsp;&nbsp; 5.70%, 05/20/2027 | 140000 | 142689 |
| &nbsp;&nbsp; 4.63%, 11/15/2027 <sup>(a)</sup> | 2860000 | 2851452 |
|  Macquarie Airfinance Holdings Ltd., 5.20%, 03/27/2028 <sup>(a)</sup> | 2700000 | 2745000 |
|  Manufacturers & Traders Trust Co., 3.40%, 08/17/2027 | 250000 | 246382 |
|  OneMain Finance Corp., 3.50%, 01/15/2027 | 450000 | 443018 |
|  PRA Group, Inc., 8.38%, 02/01/2028 <sup>(a)</sup> | 650000 | 660241 |
|  Radian Group, Inc., 4.88%, 03/15/2027 | 1850000 | 1855923 |
|  Starwood Property Trust, Inc., 4.38%, 01/15/2027 <sup>(a)</sup> | 300000 | 297516 |
|  Synchrony Bank, 5.63%, 08/23/2027 | 1800000 | 1837615 |
|  United Wholesale Mortgage LLC, 5.75%, 06/15/2027 <sup>(a)</sup> | 400000 | 401258 |
|  Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC, 4.75%, 04/15/2028 <sup>(a)</sup> | 450000 | 440173 |
| VICI Properties LP / VICI Note Co., Inc. | VICI Properties LP / VICI Note Co., Inc. | VICI Properties LP / VICI Note Co., Inc. |
| &nbsp;&nbsp; 4.50%, 09/01/2026 <sup>(a)</sup> | 1573000 | 1574033 |
| &nbsp;&nbsp; 3.75%, 02/15/2027 <sup>(a)</sup> | 927000 | 918201 |
| &nbsp;&nbsp; 4.50%, 01/15/2028 <sup>(a)</sup> | 500000 | 500127 |
|  |  | 53751001 |
| **Industrial - 3.7%** | **Industrial - 3.7%** | **Industrial - 3.7%** |
|  Amcor Finance USA, Inc., 3.63%, 04/28/2026 | 2100000 | 2092155 |
| Arrow Electronics, Inc. | Arrow Electronics, Inc. | Arrow Electronics, Inc. |
| &nbsp;&nbsp; 7.50%, 01/15/2027 | 100000 | 103318 |
| &nbsp;&nbsp; 3.88%, 01/12/2028 | 2900000 | 2872878 |
|  Avnet, Inc., 6.25%, 03/15/2028 | 3050000 | 3170900 |
|  Berry Global, Inc., 1.57%, 01/15/2026 | 1700000 | 1689922 |
|  Black & Decker Holdings, Inc., 7.05%, 07/01/2028 <sup>(a)</sup> | 2100000 | 2221351 |
| Boeing Co. | Boeing Co. | Boeing Co. |
| &nbsp;&nbsp; 2.75%, 02/01/2026 | 1750000 | 1743222 |
| &nbsp;&nbsp; 3.10%, 05/01/2026 | 1300000 | 1292639 |
|  Flex Ltd., 3.75%, 02/01/2026 | 1500000 | 1495808 |
| GATX Corp. | GATX Corp. | GATX Corp. |
| &nbsp;&nbsp; 3.25%, 09/15/2026 | 600000 | 595226 |
| &nbsp;&nbsp; 3.50%, 03/15/2028 | 1100000 | 1079202 |
|  Hexcel Corp., 4.20%, 02/15/2027 | 1700000 | 1689968 |
|  Jabil, Inc., 1.70%, 04/15/2026 | 400000 | 395545 |
|  MasTec, Inc., 4.50%, 08/15/2028 <sup>(a)</sup> | 1720000 | 1714381 |
|  Owens-Brockway Glass Container, Inc., 6.63%, 05/13/2027 <sup>(a)</sup> | 300000 | 300280 |
|  Penske Truck Leasing Co. LP / PTL Finance Corp., 5.75%, 05/24/2026 <sup>(a)</sup> | 135000 | 135914 |
|  Sealed Air Corp., 1.57%, 10/15/2026 <sup>(a)</sup> | 1800000 | 1749031 |
|  Silgan Holdings, Inc., 1.40%, 04/01/2026 <sup>(a)</sup> | 2500000 | 2463278 |
|  Smyrna Ready Mix Concrete LLC, 6.00%, 11/01/2028 <sup>(a)</sup> | 750000 | 748099 |
|  |  | 27553117 |
| **Technology - 0.4%** | **Technology - 0.4%** | **Technology - 0.4%** |
| CDW LLC / CDW Finance Corp. | CDW LLC / CDW Finance Corp. | CDW LLC / CDW Finance Corp. |
| &nbsp;&nbsp; 2.67%, 12/01/2026 | 1800000 | 1768370 |
| &nbsp;&nbsp; 4.25%, 04/01/2028 | 1350000 | 1342467 |
|  |  | 3110837 |
| **Utilities - 1.3%** | **Utilities - 1.3%** | **Utilities - 1.3%** |
|  National Fuel Gas Co., 5.50%, 10/01/2026 | 1850000 | 1870606 |
| NRG Energy, Inc. | NRG Energy, Inc. | NRG Energy, Inc. |
| &nbsp;&nbsp; 2.00%, 12/02/2025 <sup>(a)</sup> | 1100000 | 1096510 |
| &nbsp;&nbsp; 2.45%, 12/02/2027 <sup>(a)</sup> | 1950000 | 1870782 |
|  Pacific Gas and Electric Co., 3.15%, 01/01/2026 | 1750000 | 1745796 |
| Vistra Operations Co. LLC | Vistra Operations Co. LLC | Vistra Operations Co. LLC |
| &nbsp;&nbsp; 5.05%, 12/30/2026 <sup>(a)</sup> | 2745000 | 2765571 |
| &nbsp;&nbsp; 3.70%, 01/30/2027 <sup>(a)</sup> | 100000 | 99246 |
|  |  | 9448511 |
| **TOTAL CORPORATE OBLIGATIONS** (Cost $170,393,566) | **TOTAL CORPORATE OBLIGATIONS** (Cost $170,393,566) | 170946008 |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY - 21.9%** | **Par** | **Value**  |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Pool WN1022, 2.10%, 11/01/2026 | 2000000 | 1954012 |
| &nbsp;&nbsp; Pool WN2035, 2.05%, 10/01/2026 | 6451707 | 6340241 |
| &nbsp;&nbsp; Series K052, Class A2, 3.15%, 11/25/2025 | 11403 | 11385 |
| &nbsp;&nbsp; Series K053, Class A2, 3.00%, 12/25/2025 | 1818866 | 1814999 |
| &nbsp;&nbsp; Series K054, Class A2, 2.75%, 01/25/2026 | 1876212 | 1869925 |
| &nbsp;&nbsp; Series K055, Class A2, 2.67%, 03/25/2026 | 5519934 | 5491308 |
| &nbsp;&nbsp; Series K056, Class A2, 2.53%, 05/25/2026 | 918250 | 911457 |
| &nbsp;&nbsp; Series K057, Class A2, 2.57%, 07/25/2026 | 5175699 | 5129118 |
| &nbsp;&nbsp; Series K058, Class A2, 2.65%, 08/25/2026 | 6000000 | 5938206 |
| &nbsp;&nbsp; Series K059, Class A2, 3.12%, 09/25/2026 <sup>(b)</sup> | 3411819 | 3387148 |
| &nbsp;&nbsp; Series K062, Class AM, 3.51%, 12/25/2026 | 2860000 | 2840581 |
| &nbsp;&nbsp; Series K734, Class A2, 3.21%, 02/25/2026 | 440808 | 439641 |
| &nbsp;&nbsp; Series K-F100, Class AL, 4.55% (30 day avg SOFR US + 0.24%), 11/25/2027 | 4512120 | 4492348 |
| &nbsp;&nbsp; Series K-F100, Class AS, 4.49% (30 day avg SOFR US + 0.18%), 01/25/2028 | 1360371 | 1356427 |
| &nbsp;&nbsp; Series K-F101, Class AS, 4.51% (30 day avg SOFR US + 0.20%), 01/25/2031 | 209994 | 207896 |
| &nbsp;&nbsp; Series K-F103, Class AS, 4.55% (30 day avg SOFR US + 0.24%), 01/25/2031 | 6147408 | 6073571 |
| &nbsp;&nbsp; Series K-F104, Class AS, 4.56% (30 day avg SOFR US + 0.25%), 01/25/2031 | 3613653 | 3596651 |
| &nbsp;&nbsp; Series K-F105, Class AS, 4.56% (30 day avg SOFR US + 0.25%), 02/25/2031 | 4548346 | 4516449 |
| &nbsp;&nbsp; Series K-F108, Class AS, 4.56% (30 day avg SOFR US + 0.25%), 02/25/2031 | 483599 | 481275 |
| &nbsp;&nbsp; Series K-F113, Class AS, 4.54% (30 day avg SOFR US + 0.23%), 05/25/2028 | 579924 | 576600 |
| &nbsp;&nbsp; Series K-F114, Class AS, 4.53% (30 day avg SOFR US + 0.22%), 05/25/2031 | 1232178 | 1215391 |
| &nbsp;&nbsp; Series K-F115, Class AS, 4.52% (30 day avg SOFR US + 0.21%), 06/25/2031 | 4288039 | 4228170 |
| &nbsp;&nbsp; Series K-F117, Class AS, 4.55% (30 day avg SOFR US + 0.24%), 06/25/2031 | 423736 | 418718 |
| &nbsp;&nbsp; Series K-F118, Class AS, 4.51% (30 day avg SOFR US + 0.20%), 07/25/2028 | 1840304 | 1827096 |
| &nbsp;&nbsp; Series K-F120, Class AS, 0.00% (30 day avg SOFR US + 0.20%), 08/25/2031 | 6910991 | 6854839 |
| &nbsp;&nbsp; Series K-F121, Class AS, 4.49% (30 day avg SOFR US + 0.18%), 08/25/2028 | 6422932 | 6371561 |
| &nbsp;&nbsp; Series K-F122, Class AS, 4.50% (30 day avg SOFR US + 0.19%), 09/25/2031 | 4916712 | 4892251 |
| &nbsp;&nbsp; Series KF123, Class AS, 4.51% (30 day avg SOFR US + 0.20%), 09/25/2028 | 1270730 | 1260887 |
| &nbsp;&nbsp; Series KF128, Class AS, 4.54% (30 day avg SOFR US + 0.23%), 12/25/2031 | 5746237 | 5693843 |
| &nbsp;&nbsp; Series KF129, Class AS, 4.56% (30 day avg SOFR US + 0.25%), 01/25/2029 | 6033303 | 5991758 |
| &nbsp;&nbsp; Series KF130, Class AS, 4.60% (30 day avg SOFR US + 0.29%), 01/25/2029 | 1020727 | 1018372 |
| &nbsp;&nbsp; Series KF133, Class AS, 4.68% (30 day avg SOFR US + 0.37%), 02/25/2029 | 3588419 | 3575601 |
| &nbsp;&nbsp; Series KF135, Class AS, 4.68% (30 day avg SOFR US + 0.37%), 05/25/2029 | 606369 | 605435 |
| &nbsp;&nbsp; Series KF136, Class AS, 4.72% (30 day avg SOFR US + 0.41%), 04/25/2032 | 497069 | 495252 |
| &nbsp;&nbsp; Series KF155, Class AS, 4.98% (30 day avg SOFR US + 0.67%), 02/25/2030 | 732900 | 734611 |
| &nbsp;&nbsp; Series KF160, Class AS, 5.01% (30 day avg SOFR US + 0.70%), 10/25/2030 | 1701540 | 1712077 |
| &nbsp;&nbsp; Series KF166, Class AS, 4.91% (30 day avg SOFR US + 0.60%), 01/25/2032 | 5000000 | 5008870 |
| &nbsp;&nbsp; Series KF43, Class A, 4.66% (30 day avg SOFR US + 0.35%), 01/25/2028 | 2110035 | 2104984 |
| &nbsp;&nbsp; Series KF48, Class A, 4.71% (30 day avg SOFR US + 0.40%), 06/25/2028 | 814179 | 812706 |
| &nbsp;&nbsp; Series KF60, Class A, 4.91% (30 day avg SOFR US + 0.60%), 02/25/2026 | 224566 | 224889 |
| &nbsp;&nbsp; Series KF62, Class A, 4.90% (30 day avg SOFR US + 0.59%), 04/25/2026 | 346425 | 347205 |
| &nbsp;&nbsp; Series KF64, Class A, 4.86% (30 day avg SOFR US + 0.55%), 06/25/2026 | 259035 | 259392 |
| &nbsp;&nbsp; Series KF67, Class A, 4.94% (30 day avg SOFR US + 0.63%), 08/25/2029 | 651853 | 654238 |
| &nbsp;&nbsp; Series KF68, Class A, 4.91% (30 day avg SOFR US + 0.60%), 07/25/2026 | 1966993 | 1970769 |
| &nbsp;&nbsp; Series KF74, Class AS, 4.83% (SOFR 1M Historical Calendar Day Compounded + 0.53%), 01/25/2027 | 14486 | 14504 |
| &nbsp;&nbsp; Series KF75, Class AS, 4.85% (SOFR 1M Historical Calendar Day Compounded + 0.55%), 12/25/2029 | 528658 | 529714 |
| &nbsp;&nbsp; Series KF81, Class AS, 4.71% (30 day avg SOFR US + 0.40%), 06/25/2027 | 1163834 | 1163058 |
| &nbsp;&nbsp; Series KF82, Class AS, 4.73% (30 day avg SOFR US + 0.42%), 06/25/2030 | 527448 | 525767 |
| &nbsp;&nbsp; Series KF84, Class AL, 4.72% (30 day avg SOFR US + 0.41%), 07/25/2030 | 1155659 | 1159306 |
| &nbsp;&nbsp; Series KF86, Class AL, 4.71% (30 day avg SOFR US + 0.40%), 08/25/2027 | 1146147 | 1145290 |
| &nbsp;&nbsp; Series KF86, Class AS, 4.63% (30 day avg SOFR US + 0.32%), 08/25/2027 | 3757347 | 3749491 |
| &nbsp;&nbsp; Series KF88, Class AL, 4.75% (30 day avg SOFR US + 0.44%), 09/25/2030 | 1385853 | 1383305 |
| &nbsp;&nbsp; Series KF91, Class AL, 4.75% (30 day avg SOFR US + 0.44%), 10/25/2030 | 593322 | 593408 |
| &nbsp;&nbsp; Series KF92, Class AS, 4.67% (30 day avg SOFR US + 0.36%), 10/25/2030 | 130041 | 129236 |
| &nbsp;&nbsp; Series KF93, Class AL, 4.70% (30 day avg SOFR US + 0.39%), 10/25/2027 | 618716 | 619082 |
| &nbsp;&nbsp; Series KF93, Class AS, 4.62% (30 day avg SOFR US + 0.31%), 10/25/2027 | 529003 | 527514 |
| &nbsp;&nbsp; Series KF94, Class AL, 4.72% (30 day avg SOFR US + 0.41%), 11/25/2030 | 2022201 | 2014373 |
| &nbsp;&nbsp; Series KF95, Class AL, 4.68% (30 day avg SOFR US + 0.37%), 11/25/2030 | 89655 | 89391 |
| &nbsp;&nbsp; Series KF96, Class AS, 4.61% (30 day avg SOFR US + 0.30%), 11/25/2030 | 2587991 | 2564834 |
| &nbsp;&nbsp; Series KF97, Class AS, 4.56% (30 day avg SOFR US + 0.25%), 12/25/2030 | 3759006 | 3716627 |
| &nbsp;&nbsp; Series KF98, Class AL, 4.59% (30 day avg SOFR US + 0.28%), 12/25/2030 | 5096296 | 5046291 |
| &nbsp;&nbsp; Series KF99, Class AS, 4.51% (30 day avg SOFR US + 0.20%), 12/25/2030 | 8865369 | 8744613 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; Pool AN0571, 3.10%, 01/01/2026 | 2000000 | 1993272 |
| &nbsp;&nbsp; Pool AN1959, 2.69%, 07/01/2026 | 858846 | 850797 |
| &nbsp;&nbsp; Pool AN2428, 2.36%, 08/01/2026 | 1555000 | 1534665 |
| &nbsp;&nbsp; Pool AN2855, 2.22%, 09/01/2026 | 1530000 | 1506703 |
| &nbsp;&nbsp; Pool AN3381, 2.52%, 10/01/2026 | 1298302 | 1275655 |
| &nbsp;&nbsp; Pool BL5005, 2.41%, 11/01/2026 | 3571063 | 3516550 |
| &nbsp;&nbsp; Series 2016-M6, Class A2, 2.49%, 05/25/2026 | 2282958 | 2263153 |
| &nbsp;&nbsp; Series 2017-M15, Class ATS2, 3.16%, 11/25/2027 <sup>(b)</sup> | 814437 | 801751 |
| &nbsp;&nbsp; Series 2019-M28, Class AV, 2.23%, 02/25/2027 | 1437334 | 1421970 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY** (Cost $165,004,331) | **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY** (Cost $165,004,331) | 164588473 |
| **COLLATERALIZED LOAN OBLIGATIONS - 15.1%** | **Par** | **Value**  |
|  Apidos CLO Ltd. Series 2019-31A, Class A1R, 5.27% (3 mo. Term SOFR + 1.36%), 04/15/2031 <sup>(a)</sup> | 1847880 | 1849296 |
|  Bain Capital Credit CLO Ltd. Series 2020-5A, Class ARR, 5.03% (3 mo. Term SOFR + 1.15%), 04/20/2034 <sup>(a)</sup> | 3800000 | 3805502 |
|  BCRED BSL Static CLO Ltd. Series 2025-1A, Class AR, 5.54% (3 mo. Term SOFR + 1.25%), 07/24/2035 <sup>(a)</sup> | 2000000 | 1999314 |
|  BCRED MML CLO LLC Series 2022-1A, Class A1, 5.53% (3 mo. Term SOFR + 1.65%), 04/20/2035 <sup>(a)</sup> | 6035000 | 6033908 |
|  Black Diamond CLO Ltd. Series 2019-2A, Class A1AR, 5.18% (3 mo. Term SOFR + 1.32%), 07/23/2032 <sup>(a)</sup> | 2941593 | 2943284 |
|  BlueMountain CLO Ltd. Series 2018-22A, Class A2, 5.57% (3 mo. Term SOFR + 1.66%), 07/15/2031 <sup>(a)</sup> | 3500000 | 3501022 |
|  Canyon Capital CLO Ltd. Series 2016-1A, Class AR, 5.24% (3 mo. Term SOFR + 1.33%), 07/15/2031 <sup>(a)</sup> | 2002516 | 2003113 |
|  Canyon CLO Ltd. Series 2018-1A, Class A, 5.24% (3 mo. Term SOFR + 1.33%), 07/15/2031 <sup>(a)</sup> | 3898956 | 3900527 |
|  CarVal CLO Ltd. Series 2022-1A, Class A1, 5.38% (3 mo. Term SOFR + 1.51%), 04/21/2034 <sup>(a)</sup> | 4400000 | 4408800 |
|  Cerberus Loan Funding LP Series 2023-1A, Class A, 6.30% (3 mo. Term SOFR + 2.40%), 03/22/2035 <sup>(a)</sup> | 5000000 | 5006730 |
|  Churchill Middle Market CLO Ltd. Series 2023-2A, Class X, 5.88% (3 mo. Term SOFR + 2.00%), 01/20/2036 <sup>(a)</sup> | 571429 | 571719 |
|  CIFC Funding Ltd. Series 2020-1A, Class A1R, 5.32% (3 mo. Term SOFR + 1.41%), 07/15/2036 <sup>(a)</sup> | 10000000 | 10010760 |
| Dryden Senior Loan Fund | Dryden Senior Loan Fund | Dryden Senior Loan Fund |
| &nbsp;&nbsp; Series 2015-41A, Class BR, 5.47% (3 mo. Term SOFR + 1.56%), 04/15/2031 <sup>(a)</sup> | 2650000 | 2653874 |
| &nbsp;&nbsp; Series 2018-61A, Class A1R2, 4.96% (3 mo. Term SOFR + 1.08%), 01/17/2032 <sup>(a)</sup> | 4519275 | 4520938 |
| &nbsp;&nbsp; Series 2018-64A, Class A, 5.12% (3 mo. Term SOFR + 1.23%), 04/18/2031 <sup>(a)</sup> | 4129123 | 4131770 |
|  Fortress Credit BSL Ltd. Series 2020-1A, Class A1AR, 0.00% (3 mo. Term SOFR + 1.10%), 10/20/2033 <sup>(a)(c)</sup> | 4000000 | 4000000 |
|  Gallatin CLO Ltd. Series 2017-1A, Class A1R, 5.26% (3 mo. Term SOFR + 1.35%), 07/15/2031 <sup>(a)</sup> | 899019 | 899008 |
|  Golub Capital Partners CLO Ltd. Series 2022-61A, Class A1AR, 5.09% (3 mo. Term SOFR + 1.23%), 07/25/2035 <sup>(a)</sup> | 2500000 | 2498607 |
|  Greywolf CLO Ltd. Series 2020-3RA, Class A1R2, 5.09% (3 mo. Term SOFR + 1.23%), 04/22/2033 <sup>(a)</sup> | 4792264 | 4799337 |
|  Highbridge Loan Management Ltd. Series 11A-17, Class BR, 6.07% (3 mo. Term SOFR + 1.81%), 05/06/2030 <sup>(a)</sup> | 2198664 | 2198796 |
|  ING Investment Management CLO Ltd. Series 2013-2A, Class A1R, 5.09% (3 mo. Term SOFR + 1.23%), 04/25/2031 <sup>(a)</sup> | 182935 | 182534 |
|  Jamestown CLO Ltd. Series 2018-11A, Class A2, 5.87% (3 mo. Term SOFR + 1.96%), 07/14/2031 <sup>(a)</sup> | 1625000 | 1629249 |
|  KKR CLO Trust Series 18, Class A1R2, 5.19% (3 mo. Term SOFR + 1.05%), 10/18/2035 <sup>(a)</sup> | 4750000 | 4751349 |
|  LJV I MM CLO LLC Series 2022-1A, Class A1, 5.71% (3 mo. Term SOFR + 1.85%), 04/28/2034 <sup>(a)</sup> | 4627755 | 4633258 |
|  Octagon Investment Partners Ltd. Series 2013-1A, Class BR2, 5.52% (3 mo. Term SOFR + 1.66%), 01/25/2031 <sup>(a)</sup> | 1421753 | 1424710 |
|  OZLM Ltd. Series 2019-24A, Class A1AR, 5.31% (3 mo. Term SOFR + 1.42%), 07/20/2032 <sup>(a)</sup> | 1931542 | 1931355 |
|  Palmer Square Loan Funding Ltd. Series 2022-4A, Class A2R, 5.17% (3 mo. Term SOFR + 1.30%), 07/24/2031 <sup>(a)</sup> | 3250000 | 3251261 |
|  Sound Point CLO Ltd. Series 2015-2A, Class ARRR, 5.36% (3 mo. Term SOFR + 1.47%), 07/20/2032 <sup>(a)</sup> | 4197547 | 4200217 |
| Steele Creek CLO Ltd. | Steele Creek CLO Ltd. | Steele Creek CLO Ltd. |
| &nbsp;&nbsp; Series 2014-1RA, Class B, 5.63% (3 mo. Term SOFR + 1.76%), 04/21/2031 <sup>(a)</sup> | 499033 | 499093 |
| &nbsp;&nbsp; Series 2019-1A, Class ARR, 4.94% (3 mo. Term SOFR + 1.04%), 04/15/2032 <sup>(a)</sup> | 1313350 | 1312976 |
| &nbsp;&nbsp; Series 2019-2A, Class ARR, 4.90% (3 mo. Term SOFR + 1.00%), 07/15/2032 <sup>(a)</sup> | 2455960 | 2455081 |
|  Symphony CLO Ltd. Series 2014-15A, Class AR3, 5.22% (3 mo. Term SOFR + 1.34%), 01/17/2032 <sup>(a)</sup> | 4267613 | 4270204 |
|  TCI-Symphony CLO Ltd. Series 2016-1A, Class AR2, 5.19% (3 mo. Term SOFR + 1.28%), 10/13/2032 <sup>(a)</sup> | 2018900 | 2021799 |
| THL Credit Lake Shore MM CLO Ltd. | THL Credit Lake Shore MM CLO Ltd. | THL Credit Lake Shore MM CLO Ltd. |
| &nbsp;&nbsp; Series 2019-2A, Class A1RR, 5.28% (3 mo. Term SOFR + 1.40%), 10/17/2031 <sup>(a)</sup> | 662502 | 662450 |
| &nbsp;&nbsp; Series 2019-2A, Class CRR, 6.48% (3 mo. Term SOFR + 2.60%), 10/17/2031 <sup>(a)</sup> | 1550000 | 1549084 |
|  TIAA CLO Ltd. Series 2016-1A, Class ARR, 5.13% (3 mo. Term SOFR + 1.25%), 07/20/2031 <sup>(a)</sup> | 1271269 | 1271562 |
|  Trinitas CLO Ltd. Series 2020-14A, Class A1R2, 4.96% (3 mo. Term SOFR + 1.10%), 01/25/2034 <sup>(a)</sup> | 4800000 | 4801632 |
|  Venture CDO Ltd. Series 2018-32A, Class A1, 5.25% (3 mo. Term SOFR + 1.36%), 07/18/2031 <sup>(a)</sup> | 1127088 | 1128401 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $113,768,050) | **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $113,768,050) | 113712520 |
| **RESIDENTIAL MORTGAGE-BACKED SECURITIES - 11.9%** | **Par** | **Value**  |
| Bellemeade Re Ltd. | Bellemeade Re Ltd. | Bellemeade Re Ltd. |
| &nbsp;&nbsp; Series 2023-1, Class M1B, 8.43% (30 day avg SOFR US + 4.25%), 10/25/2033 <sup>(a)</sup> | 300000 | 307868 |
| &nbsp;&nbsp; Series 2024-1, Class M1A, 6.33% (30 day avg SOFR US + 2.15%), 08/25/2034 <sup>(a)</sup> | 1703991 | 1707960 |
| BRAVO Residential Funding Trust | BRAVO Residential Funding Trust | BRAVO Residential Funding Trust |
| &nbsp;&nbsp; Series 2021-NQM3, Class A1, 1.70%, 04/25/2060 <sup>(a)(b)</sup> | 2603342 | 2457133 |
| &nbsp;&nbsp; Series 2023-NQM2, Class A3, 4.50%, 05/25/2062 <sup>(a)(d)</sup> | 786488 | 785733 |
| &nbsp;&nbsp; Series 2024-NQM4, Class A1A, 4.35%, 01/25/2060 <sup>(a)(d)</sup> | 877920 | 872196 |
|  Bunker Hill Loan Depositary Trust Series 2019-3, Class A3, 3.14%, 11/25/2059 <sup>(a)(d)</sup> | 285263 | 283153 |
|  Cascade Funding Mortgage Trust Series 2024-NR1, Class A1, 6.41%, 11/25/2029 <sup>(a)(d)</sup> | 896313 | 906157 |
|  Chase Mortgage Finance Corp. Series 2019-ATR2, Class A11, 5.01% (1 mo. Term SOFR + 1.01%), 07/25/2049, (6.50% Cap) <sup>(a)</sup> | 1082297 | 1019252 |
|  CIM Trust Series 2019-INV2, Class A11, 5.25% (30 day avg SOFR US + 1.06%), 05/25/2049, (6.50% Cap) <sup>(a)</sup> | 129774 | 123932 |
| COLT Funding LLC | COLT Funding LLC | COLT Funding LLC |
| &nbsp;&nbsp; Series 2020-2, Class A3, 3.70%, 03/25/2065 <sup>(a)(b)</sup> | 1710000 | 1678589 |
| &nbsp;&nbsp; Series 2021-3R, Class A3, 1.51%, 12/25/2064 <sup>(a)(b)</sup> | 433229 | 400231 |
| &nbsp;&nbsp; Series 2022-3, Class A1, 3.90%, 02/25/2067 <sup>(a)(b)</sup> | 672554 | 664114 |
| &nbsp;&nbsp; Series 2025-10, Class A3, 5.44%, 10/25/2070 <sup>(a)(d)</sup> | 2000000 | 2016350 |
|  Connecticut Avenue Securities Trust Series 2023-R08, Class 1M1, 5.68% (30 day avg SOFR US + 1.50%), 10/25/2043 <sup>(a)</sup> | 358771 | 360449 |
| COOPR Residential Mortgage Trust | COOPR Residential Mortgage Trust | COOPR Residential Mortgage Trust |
| &nbsp;&nbsp; Series 2025-CES1, Class A1A, 5.65%, 05/25/2060 <sup>(a)(d)</sup> | 938060 | 950193 |
| &nbsp;&nbsp; Series 2025-CES2, Class A1B, 5.60%, 06/25/2060 <sup>(a)(d)</sup> | 962952 | 979633 |
| Credit Suisse Mortgage Capital Certificates | Credit Suisse Mortgage Capital Certificates | Credit Suisse Mortgage Capital Certificates |
| &nbsp;&nbsp; Series 2019-NQM1, Class A1, 3.66%, 10/25/2059 <sup>(a)(d)</sup> | 400185 | 394351 |
| &nbsp;&nbsp; Series 2022-ATH1, Class A1A, 2.87%, 01/25/2067 <sup>(a)(b)</sup> | 1660411 | 1615539 |
|  Ellington Financial Mortgage Trust Series 2025-CES1, Class A1B, 5.88%, 01/25/2060 <sup>(a)(d)</sup> | 1481865 | 1511065 |
| FIGRE Trust | FIGRE Trust | FIGRE Trust |
| &nbsp;&nbsp; Series 2025-FL1, Class A1, 5.27%, 07/25/2055 <sup>(a)(d)</sup> | 1595196 | 1602765 |
| &nbsp;&nbsp; Series 2025-HE6, Class A, 5.04%, 09/25/2055 <sup>(a)(b)</sup> | 1000000 | 1001038 |
|  Flagstar Mortgage Trust Series 2018-6RR, Class 1A2, 4.81% (1 mo. Term SOFR + 0.81%), 10/25/2048 <sup>(a)</sup> | 770003 | 729009 |
|  Galton Funding Mortgage Trust Series 2017-1, Class A21, 3.50%, 07/25/2056 <sup>(a)(b)</sup> | 31868 | 29749 |
|  GCAT Trust Series 2021-NQM2, Class A2, 1.24%, 05/25/2066 <sup>(a)(b)</sup> | 1091284 | 952024 |
| GS Mortgage-Backed Securities Trust | GS Mortgage-Backed Securities Trust | GS Mortgage-Backed Securities Trust |
| &nbsp;&nbsp; Series 2014-EB1A, Class B2, 6.62%, 07/25/2044 <sup>(a)(b)</sup> | 109437 | 110630 |
| &nbsp;&nbsp; Series 2020-PJ2, Class A1, 3.50%, 07/25/2050 <sup>(a)(b)</sup> | 196226 | 177331 |
| &nbsp;&nbsp; Series 2021-NQM1, Class A3, 1.53%, 07/25/2061 <sup>(a)(b)</sup> | 1049326 | 946015 |
| &nbsp;&nbsp; Series 2025-DSC2, Class A1, 5.04%, 01/25/2066 <sup>(a)(d)</sup> | 5000000 | 5031000 |
| &nbsp;&nbsp; Series 2025-HE1, Class A1, 5.73% (30 day avg SOFR US + 1.55%), 10/25/2055 <sup>(a)</sup> | 1884310 | 1903664 |
|  Imperial Fund Mortgage Trust Series 2021-NQM1, Class A3, 1.62%, 06/25/2056 <sup>(a)(b)</sup> | 936412 | 833742 |
| JP Morgan Mortgage Trust | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust |
| &nbsp;&nbsp; Series 2019-5, Class A11, 5.01% (1 mo. Term SOFR + 1.01%), 11/25/2049, (6.50% Cap) <sup>(a)</sup> | 492068 | 471224 |
| &nbsp;&nbsp; Series 2019-6, Class A3, 3.50%, 12/25/2049 <sup>(a)(b)</sup> | 965283 | 887872 |
| &nbsp;&nbsp; Series 2019-LTV3, Class A3, 3.47%, 03/25/2050 <sup>(a)(b)</sup> | 4120 | 4140 |
| &nbsp;&nbsp; Series 2023-HE1, Class A1, 5.93% (30 day avg SOFR US + 1.75%), 11/25/2053 <sup>(a)</sup> | 346249 | 350171 |
|  Mello Mortgage Capital Acceptance Series 2021-MTG2, Class A10, 2.50%, 06/25/2051 <sup>(a)(b)</sup> | 3019716 | 2713659 |
|  Metlife Securitization Trust Series 2020-INV1, Class A5, 3.00%, 05/25/2050 <sup>(a)(b)</sup> | 1398847 | 1243804 |
|  Mill City Mortgage Trust Series 2021-NMR1, Class A1, 1.13%, 11/25/2060 <sup>(a)(b)</sup> | 548285 | 529685 |
|  Morgan Stanley Residential Mortgage Loan Trust Series 2025-SPL1, Class A3, 4.25%, 02/25/2065 <sup>(a)(d)</sup> | 994318 | 961130 |
|  New York Mortgage Trust, Inc. Series 2025-CP1, Class A1, 3.75%, 11/25/2069 <sup>(a)(b)</sup> | 968143 | 937389 |
|  NMLT Trust Series 2021-INV1, Class A3, 1.80%, 05/25/2056 <sup>(a)(b)</sup> | 1067086 | 943114 |
| Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust |
| &nbsp;&nbsp; Series 2020-EXP1, Class 2A1, 4.86% (1 mo. Term SOFR + 0.86%), 02/25/2060 <sup>(a)</sup> | 268827 | 255920 |
| &nbsp;&nbsp; Series 2021-NQM1, Class A3, 1.33%, 02/25/2066 <sup>(a)(b)</sup> | 3329491 | 2954324 |
|  Pretium Mortgage Credit Partners LLC Series 2025-NPL9, Class A1, 5.39%, 08/25/2055 <sup>(a)(d)</sup> | 1946475 | 1954384 |
| PRPM LLC | PRPM LLC | PRPM LLC |
| &nbsp;&nbsp; Series 2025-7, Class A1, 5.50%, 08/25/2030 <sup>(a)(d)</sup> | 979274 | 982124 |
| &nbsp;&nbsp; Series 2025-RCF5, Class A1, 4.84%, 10/25/2055 <sup>(a)(d)</sup> | 1000000 | 1001814 |
|  RCKT Mortgage Trust Series 2025-CES7, Class A1B, 5.48%, 07/25/2055 <sup>(a)(d)</sup> | 1442969 | 1463781 |
| Rithm Capital Corp. | Rithm Capital Corp. | Rithm Capital Corp. |
| &nbsp;&nbsp; Series 2021-INV1, Class A6, 2.50%, 06/25/2051 <sup>(a)(b)</sup> | 1863149 | 1700004 |
| &nbsp;&nbsp; Series 2022-NQM4, Class A3, 5.00%, 06/25/2062 <sup>(a)(d)</sup> | 881942 | 864150 |
| Saluda Grade Mortgage Funding LLC | Saluda Grade Mortgage Funding LLC | Saluda Grade Mortgage Funding LLC |
| &nbsp;&nbsp; Series 2021-MF1, Class A1, 3.81%, 11/25/2029 <sup>(a)(b)</sup> | 2458864 | 2381902 |
| &nbsp;&nbsp; Series 2025-NPL1, Class A1, 7.12%, 01/25/2030 <sup>(a)(d)</sup> | 1979804 | 1984183 |
| &nbsp;&nbsp; Series 2025-NPL2, Class A1, 7.77%, 05/25/2030 <sup>(a)(d)</sup> | 2508716 | 2524483 |
|  Santander US Capital Markets LLC Series 2025-CES1, Class A1A, 5.04%, 09/25/2055 <sup>(a)(d)</sup> | 2000000 | 2001810 |
|  Sequoia Mortgage Trust Series 2023-4, Class A10, 5.99%, 11/25/2053 <sup>(a)(b)</sup> | 232420 | 233613 |
|  SGR Residential Mortgage Trust Series 2021-2, Class A2, 1.94%, 12/25/2061 <sup>(a)(b)</sup> | 3324082 | 2883106 |
|  Starwood Mortgage Residential Trust Series 2020-INV1, Class A3, 1.59%, 11/25/2055 <sup>(a)(b)</sup> | 906697 | 876356 |
| Towd Point Mortgage Trust | Towd Point Mortgage Trust | Towd Point Mortgage Trust |
| &nbsp;&nbsp; Series 2019-HY3, Class A1A, 5.11% (1 mo. Term SOFR + 1.11%), 10/25/2059 <sup>(a)</sup> | 607001 | 608509 |
| &nbsp;&nbsp; Series 2021-SJ2, Class A2, 2.50%, 12/25/2061 <sup>(a)(b)</sup> | 1500000 | 1406175 |
| &nbsp;&nbsp; Series 2025-CRM1, Class A1, 5.80%, 01/25/2065 <sup>(a)(d)</sup> | 1275757 | 1295562 |
| Verus Securitization Trust | Verus Securitization Trust | Verus Securitization Trust |
| &nbsp;&nbsp; Series 2021-4, Class A2, 1.25%, 07/25/2066 <sup>(a)(b)</sup> | 1291087 | 1093259 |
| &nbsp;&nbsp; Series 2021-8, Class A3, 2.49%, 11/25/2066 <sup>(a)(b)</sup> | 1271397 | 1154313 |
| &nbsp;&nbsp; Series 2022-5, Class A3, 3.80%, 04/25/2067 <sup>(a)(b)</sup> | 780626 | 766558 |
| &nbsp;&nbsp; Series 2023-3, Class A3, 6.74%, 03/25/2068 <sup>(a)(d)</sup> | 547426 | 553007 |
|  Visio Trust Series 2021-1R, Class A3, 1.69%, 05/25/2056 <sup>(a)</sup> | 962477 | 905941 |
| Vista Point Securitization Trust | Vista Point Securitization Trust | Vista Point Securitization Trust |
| &nbsp;&nbsp; Series 2024-CES1, Class A1, 6.68%, 05/25/2054 <sup>(a)(d)</sup> | 868522 | 888547 |
| &nbsp;&nbsp; Series 2024-CES2, Class A1, 5.25%, 10/25/2054 <sup>(a)(d)</sup> | 374122 | 377168 |
| &nbsp;&nbsp; Series 2024-CES2, Class A2, 5.66%, 10/25/2054 <sup>(a)(d)</sup> | 2000000 | 2006312 |
| &nbsp;&nbsp; Series 2024-CES3, Class A1, 5.68%, 01/25/2055 <sup>(a)(d)</sup> | 846489 | 859068 |
| &nbsp;&nbsp; Series 2025-CES1, Class A1, 5.81%, 04/25/2055 <sup>(a)(d)</sup> | 2626766 | 2673984 |
| &nbsp;&nbsp; Series 2025-CES1, Class A2, 6.03%, 04/25/2055 <sup>(a)(d)</sup> | 3069000 | 3100638 |
| &nbsp;&nbsp; Series 2025-CES2, Class A1, 5.60%, 08/25/2055 <sup>(a)(b)</sup> | 3962810 | 3997227 |
| &nbsp;&nbsp; Series 2025-CES3, Class A1, 5.30%, 11/25/2055 <sup>(a)(d)</sup> | 2000000 | 2004720 |
|  WinWater Mortgage Loan Trust Series 2015-A, Class AX1, 0.35%, 06/20/2045 <sup>(a)(b)(e)</sup> | 5018442 | 63995 |
| **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES** (Cost $91,163,739) | **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES** (Cost $91,163,739) | 89209990 |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES - 2.7%** | **Par** | **Value**  |
|  ACREC Trust Series 2021-FL1, Class AS, 5.65% (1 mo. Term SOFR + 1.61%), 10/16/2036 <sup>(a)</sup> | 370000 | 371299 |
|  Arbor Realty Collateralized Loan Obligation Ltd. Series 2025-BTR1, Class A, 5.93% (1 mo. Term SOFR + 1.93%), 01/20/2041 <sup>(a)</sup> | 1000000 | 1004743 |
|  BrightSpire Capital, Inc. Series 2021-FL1, Class AS, 5.75% (1 mo. Term SOFR + 1.71%), 08/19/2038 <sup>(a)</sup> | 2000000 | 1993572 |
|  BXP Trust Series 2017-CQHP, Class A, 4.93% (1 mo. Term SOFR + 0.90%), 11/15/2034 <sup>(a)</sup> | 688679 | 670364 |
|  Commercial Mortgage Pass Through Certificates Series 2025-SBX, Class B, 5.55%, 08/10/2041 <sup>(a)(b)</sup> | 2000000 | 2018030 |
|  GS Mortgage Securities Corp. Series 2018-TWR, Class B, 5.53% (1 mo. Term SOFR + 1.50%), 07/15/2031 <sup>(a)(f)</sup> | 775000 | 384300 |
|  JP Morgan Chase Commercial Mortgage Securities Series 2018-PTC, Class A, 5.53% (1 mo. Term SOFR + 1.50%), 04/15/2031 <sup>(a)(f)</sup> | 1253000 | 532343 |
|  KREF Ltd. Series 2021-FL2, Class A, 5.22% (1 mo. Term SOFR + 1.18%), 02/15/2039 <sup>(a)</sup> | 243715 | 244395 |
|  MF1 Multifamily Housing Mortgage Loan Trust Series 2021-FL7, Class AS, 5.59% (1 mo. Term SOFR + 1.56%), 10/16/2036 <sup>(a)</sup> | 2010000 | 2014076 |
|  Natixis Commercial Mortgage Securities Trust Series 2019-MILE, Class A, 5.61% (1 mo. Term SOFR + 1.58%), 07/15/2036 <sup>(a)</sup> | 848857 | 808695 |
|  NYC Commercial Mortgage Trust Series 2025-28L, Class A, 4.67%, 11/05/2038 <sup>(a)(b)(c)</sup> | 500000 | 500508 |
|  TPG Real Estate Finance Issuer Ltd. Series 2022-FL5, Class AS, 6.18% (1 mo. Term SOFR + 2.15%), 02/15/2039 <sup>(a)</sup> | 1000000 | 1002837 |
| Velocity Commercial Capital Loan Trust | Velocity Commercial Capital Loan Trust | Velocity Commercial Capital Loan Trust |
| &nbsp;&nbsp; Series 2021-2, Class A, 1.52%, 08/25/2051 <sup>(a)(b)</sup> | 2549966 | 2241884 |
| &nbsp;&nbsp; Series 2021-3, Class A, 1.96%, 10/25/2051 <sup>(a)(b)</sup> | 1608194 | 1384753 |
| &nbsp;&nbsp; Series 2021-4, Class A, 2.52%, 12/26/2051 <sup>(a)(b)</sup> | 852049 | 743351 |
|  Wells Fargo Commercial Mortgage Trust Series 2025-VTT, Class C, 5.83%, 03/15/2038 <sup>(a)(b)</sup> | 4000000 | 4012428 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $21,628,301) | **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $21,628,301) | 19927578 |
| **RESIDENTIAL MORTGAGE-BACKED SECURITIES - U.S. GOVERNMENT AGENCY CREDIT RISK TRANSFER - 0.7%** | **Par** | **Value**  |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Series 2016-SC02, Class M2, 3.64%, 10/25/2046 <sup>(b)</sup><br>| 1161892 | 1138497 |
| &nbsp;&nbsp; Series 2022-DNA3, Class M1B, 7.08% (30 day avg SOFR US + 2.90%), 04/25/2042 <sup>(a)</sup> | 3111000 | 3210409 |
| &nbsp;&nbsp; Series 2025-HQA1, Class M1, 5.33% (30 day avg SOFR US + 1.15%), 02/25/2045 <sup>(a)</sup> | 1013142 | 1015353 |
| **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES - U.S. GOVERNMENT AGENCY CREDIT RISK TRANSFER** (Cost $5,392,491) | **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES - U.S. GOVERNMENT AGENCY CREDIT RISK TRANSFER** (Cost $5,392,491) | 5364259 |
| **COMMON STOCKS - 0.1%** | **Shares** | **Value**  |
| **Financial - 0.1%** | **Financial - 0.1%** |  |
| Citigroup, Inc. | 1000000 | 1001349 |
| **TOTAL COMMON STOCKS** (Cost $999,576) | **TOTAL COMMON STOCKS** (Cost $999,576) | 1001349 |
| **RESIDENTIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY - 0.1%** | **Par** | **Value**  |
|  Federal Home Loan Mortgage Corp. Series 5078, Class AB, 2.00%, 09/25/2035 | $243585 | 243090 |
|  Federal National Mortgage Association Series 2017-61, Class K, 3.50%, 08/25/2046 | 408284 | 398296 |
| **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY** (Cost $656,018) | **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY** (Cost $656,018) | 641386 |
| **SHORT-TERM INVESTMENTS - 3.6%** | **Shares** | **Value**  |
| **Money Market Funds – 3.6%**<br> First American Government Obligations Fund - Class U, 4.05% <sup>(g)</sup> | 27086159 | 27086159 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $27,086,159) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $27,086,159) | 27086159 |
| **TOTAL INVESTMENTS - 102.6% (**Cost $775,501,285**)** | **TOTAL INVESTMENTS - 102.6% (**Cost $775,501,285**)** | 771506505 |
| Liabilities in Excess of Other Assets - (2.6)% | Liabilities in Excess of Other Assets - (2.6)% | (19212363) |
| **TOTAL NET ASSETS - 100.0%** |  | $752294142 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

LP - Limited Partnership <br> PLC - Public Limited Company <br> SOFR - Secured Overnight Financing Rate

(a) Security is exempt from registration under Rule 144A or Section 4(a)(2) of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration, normally
 to qualified institutional buyers. These securities are determined to be liquid by the Advisor, under the procedures established by the Fund's Board of Trustees, unless otherwise denoted. As of October 31, 2025, the value of these securities
 total $465,185,730 or 61.8% of the Fund's net assets.

(b) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral
 increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of October 31, 2025.

(c) Security or a portion of the security purchased on a when-issued or delayed delivery basis.

(d) Step coupon bond. The rate disclosed is as of October 31, 2025.

(e) Interest only security.

(f) Issuer is currently in default and not accruing income.

(g) The rate shown represents the 7-day annualized yield as of October 31, 2025.

---

| |
|:---|
| **Angel Oak UltraShort Income Fund** |
| **Schedule of Open Futures Contracts** |
| **October 31, 2025 (Unaudited)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Short Futures Contracts** | **Contracts Sold** | **Expiration Date** | **Notional Value** | **Value / Unrealized** <br> **Appreciation (Depreciation)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Eris SOFR 3 Year Swap | (293) | 12/22/2025 | $(27717800) | $387434 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eris SOFR 4 Year Swap | (213) | 12/21/2026 | (19867426) | 342333 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 2 Year Notes | (159) | 12/31/2025 | (33110508) | 35889 |
| **Total Unrealized Appreciation (Depreciation)** | **Total Unrealized Appreciation (Depreciation)** | **Total Unrealized Appreciation (Depreciation)** | **Total Unrealized Appreciation (Depreciation)** | $765656 |

---

The average monthly notional value of short futures contracts during the period ended October 31, 2025, was ($95,734,047).

------

#### Securities Valuation and Fair Value Measurements (Unaudited)

The Fund records its investments at fair value in accordance with fair valuation accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion of changes in valuation techniques and related inputs, if any, during the period. In addition, these standards require expanded disclosure for each major category of assets. These inputs are summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities that the Fund has the ability to access

Level 2 – other significant observable inputs (including, but not limited to, quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments based on the best information available)

The inputs or methodology used for valuing securities are not an indication of the risks associated with investing in those securities. Investments in registered open-end management investment companies, including money market funds, will be valued based upon the net asset value of such investments and are categorized as Level 1 of the fair value hierarchy.

Fair values for long-term debt securities, including asset-backed securities, mortgage-backed securities, collateralized loan obligations, corporate obligations, and whole loans are normally determined on the basis of valuations provided by independent pricing services. Vendors typically value such securities based on one or more inputs, including but not limited to, benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and pricing models such as yield measurers calculated using factors such as cash flows, financial or collateral performance and other reference data. In addition to these inputs, cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information may be utilized. Securities that use similar valuation techniques and inputs are categorized as Level 2 of the fair value hierarchy. To the extent the significant inputs are unobservable; the values generally would be categorized as Level 3.

Equity securities, including preferred stocks, that are traded on a national securities exchange, except those listed on the Nasdaq Global Market<sup>®</sup>, Nasdaq Global Select Market<sup>®</sup> and the Nasdaq Capital Market<sup>®</sup> exchanges (collectively, "Nasdaq"), are valued at the last sale price at the close of that exchange. Securities traded on Nasdaq will be valued at the Nasdaq Official Closing Price. If, on a particular day, an exchange-listed or Nasdaq security does not trade, then: (i) the security shall be valued at the mean between the most recent quoted bid and asked prices at the close of the exchange; or (ii) the security shall be valued at the latest sales price on the Composite Market (defined below) for the day such security is being valued. "Composite Market" means a consolidation of the trade information provided by national securities and foreign exchanges and over-the-counter ("OTC") markets as published by a pricing service. In the event market quotations or Composite Market pricing are not readily available, fair value will be determined in accordance with the procedures adopted by the Board of Trustees ("Board"). All equity securities that are not traded on a listed exchange are valued at the last sale price at the close of the OTC market. If a non-exchange listed security does not trade on a particular day, then the mean between the last quoted bid and asked price will be used as long as it continues to reflect the value of the security. If the mean is not available, then bid price can be used as long as the bid price continues to reflect the value of the security. Otherwise, fair value will be determined in accordance with the procedures adopted by the Board. These securities will generally be categorized as Level 3 securities. When using the market quotations or close prices provided by the pricing service and when the market is considered active, the security will be classified as a Level 1 security. Sometimes, an equity security owned by the Fund will be valued by the pricing service with factors other than market quotations or when the market is considered inactive. When this happens, the security will be classified as a Level 2

security.

Short term debt securities having a maturity of 60 days or less are generally valued at amortized cost, which approximates fair market value. These investments are categorized as Level 2 of the fair value hierarchy. Reverse repurchase agreements and repurchase agreements are priced at their acquisition cost, and assessed for credit adjustments, which represents fair value. These securities will generally be categorized as Level 2 securities.

Financial derivative instruments, such as futures contracts, that are traded on a national securities or commodities exchange are typically valued at the settlement price determined by the relevant exchange. Swaps, such as credit default swaps, interest-rate swaps and currency swaps, are valued by a pricing service. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized as Level 1 of the fair value hierarchy. OTC financial derivative instruments, such as certain futures contracts or swap agreements, derive their values from underlying asset prices, indices, reference rates, other inputs or a combination of these factors. These instruments are normally valued on the basis of evaluations provided by independent pricing services or broker dealer quotations. Derivatives that use similar valuation techniques as described above are typically categorized as Level 2 of the fair value hierarchy.

Securities may be fair valued in accordance with the fair valuation procedures approved by the Board. The Valuation and Risk Management Oversight Committee is generally responsible for overseeing the Fund's valuation processes and reports quarterly to the Board. The Board has selected Angel Oak Capital Advisors, LLC (the "Adviser") as the Valuation Designee. As such, the Valuation Committee of the Adviser has been delegated the day-to-day responsibilities for making all necessary determinations of the fair value of portfolio securities and other assets for which market quotations are not readily available or if the prices obtained from independent pricing services are deemed to be unreliable indicators of market or fair value. Representatives of the Valuation Designee's Valuation Committee report quarterly to the Valuation and Risk Management Oversight Committee.

The following is a summary of the investments by their inputs used to value the Fund's net assets as of October 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets** | | | | |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | $– | $179028783 | $– | $179028783 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Obligations | – | 170946008 | – | 170946008 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Commercial Mortgage-Backed Securities – U.S. Government Agency | – | 164588473 | – | 164588473 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 113712520 | – | 113712520 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Residential Mortgage-Backed Securities | – | 89209990 | – | 89209990 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Commercial Mortgage-Backed Securities | – | 19927578 | – | 19927578 |
|  Residential Mortgage-Backed Securities - U.S. Government Agency Credit Risk Transfer | – | 5364259 | – | 5364259 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | – | 1001349 | – | 1001349 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Residental Mortgage-Backed Securities – U.S. Government Agency | – | 641386 | – | 641386 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Short-Term Investments | 27086159 | – | – | 27086159 |
| **Total** | $27086159 | $744420346 | $– | $771506505 |
| **Other Financial Instruments** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts\* | $765656 | $– | $– | $765656 |
| \* Futures are reflected at the unrealized appreciation (depreciation) on the instrument as presented in the Schedule of Open Futures Contracts. | \* Futures are reflected at the unrealized appreciation (depreciation) on the instrument as presented in the Schedule of Open Futures Contracts. | \* Futures are reflected at the unrealized appreciation (depreciation) on the instrument as presented in the Schedule of Open Futures Contracts. | \* Futures are reflected at the unrealized appreciation (depreciation) on the instrument as presented in the Schedule of Open Futures Contracts. | \* Futures are reflected at the unrealized appreciation (depreciation) on the instrument as presented in the Schedule of Open Futures Contracts. |
| See the Schedule of Investments for further disaggregation of investment categories. | See the Schedule of Investments for further disaggregation of investment categories. | See the Schedule of Investments for further disaggregation of investment categories. | See the Schedule of Investments for further disaggregation of investment categories. | See the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Angel Oak Funds Trust

- **b. Investment Company Act file number:** 811-22980

- **c. CIK number of Registrant:** 0001612930

- **d. LEI of Registrant:** 549300DGLMLNBVBKK655

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

  - **Street Address 1:** 3344 Peachtree Road NE

  - **City:** Atlanta

  - **State:** GA

  - **Foreign country:** US

  - **Zip / Postal Code:** 30326

  - **Telephone number:** 404-953-4900

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

- **a. Name of Series:** Angel Oak UltraShort Income Fund

- **b. EDGAR series identifier (if any):** S000061509

- **c. LEI of Series:** 5493003M92WRE81EWR71

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $764941238.46

**Total Liabilities:** $15055006.19

**Net Assets:** $749886232.27

**Delayed Delivery Securities:** $6508775.01

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 5303.454331952567 | **1-Year:** 53825.846389499040 | **5-Year:** 27508.915331025090 | **10-Year:** 1928.547124501149 | **30-Year:** 0.000000000000

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

- **3-Month:** 211.731871772772 | **1-Year:** 2405.254036056416 | **5-Year:** 540.788755702557 | **10-Year:** 182.309405799523 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000199192 | 0.61%                | 0.40%                | 0.42%                |
| Class ID C000199193 | 0.63%                | 0.42%                | 0.44%                |
| Class ID C000199194 | 0.61%                | 0.40%                | 0.42%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $38815.63                | $1641395.82                                |
| Month 2  | $-557970.10              | $771149.78                                 |
| Month 3  | $-395.89                 | $-256876.00                                |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **Index Identifier:** B0YG6G8GTL

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABN AMRO BANK NV               | ABN AMRO Bank NV                                                    | CUSIP: 00084DAL4<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   3100000 | PA      | $3103434.30   | 0.41%             | 2026-04-18      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS TRUST 2023-3PL                                             | CUSIP: 000876AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2486429 | PA      | $2515515.70   | 0.34%             | 2030-08-19      | Fixed         | 8.36%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS TRUST 2023-1PL                                             | CUSIP: 00091XAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1717882 | PA      | $1723250.83   | 0.23%             | 2030-03-18      | Fixed         | 8.47%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS TRUST 2024-1PL                                             | CUSIP: 00092BAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    444333 | PA      | $449798.16    | 0.06%             | 2031-04-25      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS TRUST 2024-1PL                                             | CUSIP: 00092BAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1229236 | PA      | $1245359.95   | 0.17%             | 2031-04-25      | Fixed         | 7.29%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS TRUST 2024-2PL                                             | CUSIP: 00092HAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    745107 | PA      | $748779.57    | 0.10%             | 2031-10-27      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS TRUST 2024-2PL                                             | CUSIP: 00092HAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    448369 | PA      | $452083.67    | 0.06%             | 2031-10-27      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS Trust 2024-3AL                                             | CUSIP: 00092KAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    554949 | PA      | $560755.76    | 0.07%             | 2031-12-26      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                 | ACM Auto Trust 2025-3                                               | CUSIP: 00161UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1233551 | PA      | $1227365.36   | 0.16%             | 2030-01-22      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| AMCR ABS Trust                 | AMCR ABS TRUST 2024-A                                               | CUSIP: 00178EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1083607 | PA      | $1086993.96   | 0.14%             | 2031-08-18      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| ACREC 2021-FL1 Ltd.            | ACREC 2021-FL1 Ltd                                                  | CUSIP: 00500RAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    370000 | PA      | $371299.44    | 0.05%             | 2036-10-16      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| AgoraCapital Auto Securities T | AgoraCapital Auto Securities Trust 2025-1                           | CUSIP: 008483AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    768518 | PA      | $770160.96    | 0.10%             | 2032-11-25      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                 | Air Lease Corp                                                      | CUSIP: 00914AAM4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2945955.54   | 0.39%             | 2026-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                  | Aircastle Ltd                                                       | CUSIP: 00928QAU5<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |   1800000 | PA      | $1739758.01   | 0.23%             | 2028-01-26      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                  | Aircastle Ltd                                                       | CUSIP: 00928QAX9<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |   1270000 | PA      | $1334560.96   | 0.18%             | 2028-07-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMCOR FINANCE USA INC          | Amcor Finance USA Inc                                               | CUSIP: 02343UAG0<br>LEI: 549300ZMT7FVT8R77U18 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2092154.53   | 0.28%             | 2026-04-28      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC        | American Axle & Manufacturing Inc                                   | CUSIP: 02406PAU4<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600000.00    | 0.08%             | 2027-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec | American Credit Acceptance Receivables Trust 2024-2                 | CUSIP: 02531BAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3062913.60   | 0.41%             | 2030-04-12      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| APOLLO MANAGEMENT HOLDIN       | Apollo Management Holdings LP                                       | CUSIP: 03765HAB7<br>LEI: 5493006XQW0V5K38YM64 | Long             | DBT              | CORP              | US        |    340000 | PA      | $340113.91    | 0.05%             | 2026-05-27      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                 | Apidos CLO XXXI                                                     | CUSIP: 03767VAG3<br>LEI: 549300IG6PHVJ3WBR394 | Long             | ABS-CBDO         | CORP              | KY        |   1847880 | PA      | $1849295.93   | 0.25%             | 2031-04-15      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Lo | Arbor Realty Collateralized Loan Obligation Ltd                     | CUSIP: 03881UAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1004743.00   | 0.13%             | 2041-01-20      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA               | ArcelorMittal SA                                                    | CUSIP: 03938LBE3<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |   3050000 | PA      | $3172766.80   | 0.42%             | 2027-11-29      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN       | Archrock Partners LP / Archrock Partners Finance Corp               | CUSIP: 03959KAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $602333.40    | 0.08%             | 2027-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP              | Ares Capital Corp                                                   | CUSIP: 04010LBB8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    850000 | PA      | $809548.17    | 0.11%             | 2028-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP              | Ares Capital Corp                                                   | CUSIP: 04010LBE2<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2208725.72   | 0.29%             | 2027-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Rec | Arivo Acceptance Auto Loan Receivables Trust 2022-2                 | CUSIP: 04047JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120369 | PA      | $121504.14    | 0.02%             | 2029-01-16      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC          | Arrow Electronics Inc                                               | CUSIP: 042735AK6<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103317.93    | 0.01%             | 2027-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC          | Arrow Electronics Inc                                               | CUSIP: 042735BF6<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2872878.04   | 0.38%             | 2028-01-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC            | Ashtead Capital Inc                                                 | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1712201.94   | 0.23%             | 2026-08-12      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING          | Athene Global Funding                                               | CUSIP: 04685A3T6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2580000 | PA      | $2623872.54   | 0.35%             | 2027-03-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                            | CUSIP: 05377RDY7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   2666667 | PA      | $2655922.39   | 0.35%             | 2027-02-20      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                            | CUSIP: 05377RFW9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3020580.00   | 0.40%             | 2027-04-20      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| AVNET INC                      | Avnet Inc                                                           | CUSIP: 053807AW3<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | DBT              | CORP              | US        |   3050000 | PA      | $3170899.93   | 0.42%             | 2028-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | Avolon Holdings Funding Ltd                                         | CUSIP: 05401AAP6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1150000 | PA      | $1106202.96   | 0.15%             | 2028-02-21      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | Avolon Holdings Funding Ltd                                         | CUSIP: 05401AAR2<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    308000 | PA      | $296966.42    | 0.04%             | 2027-11-18      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | Avolon Holdings Funding Ltd                                         | CUSIP: 05401AAS0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1632000 | PA      | $1701256.89   | 0.23%             | 2028-05-04      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BCRED BSL Static CLO Ltd       | BCRED BSL Static CLO 2025-1 Ltd                                     | CUSIP: 05556KAA0<br>LEI: 2549001IQYV4NQDSNA79 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1999314.00   | 0.27%             | 2035-07-24      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| BrightSpire Capital, Inc       | BRSP 2021-FL1 Ltd                                                   | CUSIP: 05591XAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1993572.00   | 0.27%             | 2038-08-19      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit | Bain Capital Credit CLO 2020-5 Ltd                                  | CUSIP: 05683FBE8<br>LEI: 2549006JVW9O28JU2J23 | Long             | ABS-CBDO         | CORP              | KY        |   3800000 | PA      | $3805502.40   | 0.51%             | 2034-04-20      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                                        | CUSIP: 06738EAP0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3180000 | PA      | $3192816.77   | 0.43%             | 2026-05-12      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BCRED MML CLO 2021-1 LLC       | BCRED MML CLO 2022-1 LLC                                            | CUSIP: 072917AA5<br>LEI: 2549008X01GXURMQIW78 | Long             | ABS-CBDO         | CORP              | US        |   6035000 | PA      | $6033907.67   | 0.80%             | 2035-04-20      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA               | Beazer Homes USA Inc                                                | CUSIP: 07556QBR5<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600873.24    | 0.08%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re 2023-1 Ltd                                            | CUSIP: 07876XAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    300000 | PA      | $307868.10    | 0.04%             | 2033-10-25      | Floating      | 8.43%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re Ltd                                                   | CUSIP: 078915AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   1703991 | PA      | $1707959.63   | 0.23%             | 2034-08-25      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC               | Berry Global Inc                                                    | CUSIP: 08576PAH4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1689922.33   | 0.23%             | 2026-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| BLACK & DECKER HOLDINGS        | Black & Decker Holdings Inc                                         | CUSIP: 091802AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2221350.71   | 0.30%             | 2028-07-01      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Black Diamond CLO Ltd          | Black Diamond Clo 2019-2 Ltd                                        | CUSIP: 09204GAF6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2941593 | PA      | $2943284.31   | 0.39%             | 2032-07-23      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR         | Blackstone Mortgage Trust Inc                                       | CUSIP: 09257WAD2<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |    600000 | PA      | $589098.00    | 0.08%             | 2027-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd           | BlueMountain CLO XXII Ltd                                           | CUSIP: 09629PAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3501022.00   | 0.47%             | 2031-07-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| BOEING CO                      | Boeing Co/The                                                       | CUSIP: 097023CH6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1292639.47   | 0.17%             | 2026-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| BOEING CO                      | Boeing Co/The                                                       | CUSIP: 097023DA0<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1743221.76   | 0.23%             | 2026-02-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BORGWARNER INC                 | BorgWarner Inc                                                      | CUSIP: 099724AL0<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |    900000 | PA      | $879313.91    | 0.12%             | 2027-07-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2024-NQM4                           | CUSIP: 10568NAA0<br>LEI: 254900NOKQW417VKV943 | Long             | ABS-MBS          | CORP              | US        |    877920 | PA      | $872195.68    | 0.12%             | 2060-01-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2021-NQM3                           | CUSIP: 105690AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2603342 | PA      | $2457133.09   | 0.33%             | 2060-04-25      | Variable      | 1.70%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2023-NQM2                           | CUSIP: 105933AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    786488 | PA      | $785733.18    | 0.10%             | 2062-05-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Bunker Hill Loan Depositary Tr | Bunker Hill Loan Depositary Trust 2019-3                            | CUSIP: 12062BAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    285263 | PA      | $283152.91    | 0.04%             | 2059-11-25      | Variable      | 3.13%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BXP Trust 2017-CQHP                                                 | CUSIP: 12433QAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    688679 | PA      | $670363.83    | 0.09%             | 2034-11-15      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE            | CDW LLC / CDW Finance Corp                                          | CUSIP: 12513GBD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1342466.66   | 0.18%             | 2028-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE            | CDW LLC / CDW Finance Corp                                          | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1768370.36   | 0.24%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust | CFMT 2021-GRN1 Issuer Trust                                         | CUSIP: 12529KAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     62957 | PA      | $62788.81     | 0.01%             | 2041-03-20      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust | CFMT 2024-NR1 LLC                                                   | CUSIP: 12531DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    896313 | PA      | $906156.63    | 0.12%             | 2029-11-25      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| CIM Trust                      | CIM Trust 2019-INV2                                                 | CUSIP: 12554TAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    129774 | PA      | $123932.05    | 0.02%             | 2049-05-25      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC Funding 2020-I Ltd                                             | CUSIP: 12555QAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $10010760.00  | 1.33%             | 2036-07-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| COOPR Residential Mortgage Tru | COOPR Residential Mortgage Trust 2025-CES1                          | CUSIP: 12596SAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    938060 | PA      | $950192.99    | 0.13%             | 2060-05-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2023-D                                   | CUSIP: 12598VAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2086718.40   | 0.28%             | 2030-01-15      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC Series 2019-NQM1                                               | CUSIP: 12655VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400185 | PA      | $394351.06    | 0.05%             | 2059-10-25      | Variable      | 3.66%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2022-3 Mortgage Loan Trust                                     | CUSIP: 12659YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    672554 | PA      | $664114.44    | 0.09%             | 2067-02-25      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2022-ATH1                                                      | CUSIP: 12660BAM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1660411 | PA      | $1615538.52   | 0.22%             | 2067-01-25      | Variable      | 2.87%                 | No            |                  2 | On Loan: No      |
| CVR PARTNERS/CVR NITROGE       | CVR Partners LP / CVR Nitrogen Finance Corp                         | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $224932.39    | 0.03%             | 2028-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| COOPR Residential Mortgage Tru | COOPR Residential Mortgage Trust 2025-CES2                          | CUSIP: 12674UAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    962952 | PA      | $979632.75    | 0.13%             | 2060-06-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2025-10 Mortgage Loan Trust                                    | CUSIP: 12675XAG1<br>LEI: 213800STFGFKQEQSRE63 | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2016350.00   | 0.27%             | 2070-10-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| CABOT CORP                     | Cabot Corp                                                          | CUSIP: 127055AK7<br>LEI: K05C0SER542GQ6VLRO68 | Long             | DBT              | CORP              | US        |    700000 | PA      | $694290.68    | 0.09%             | 2026-09-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd         | Canyon CLO 2018-1 Ltd                                               | CUSIP: 13877BAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3898956 | PA      | $3900527.52   | 0.52%             | 2031-07-15      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd         | Canyon Capital CLO 2016-1 Ltd                                       | CUSIP: 13887PAK1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2002516 | PA      | $2003112.64   | 0.27%             | 2031-07-15      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                  | Carnival Corp                                                       | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   3050000 | PA      | $3002298.85   | 0.40%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2021-N2                              | CUSIP: 14686KAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    611094 | PA      | $596547.95    | 0.08%             | 2028-03-10      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2021-N2                              | CUSIP: 14686KAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    181382 | PA      | $176851.37    | 0.02%             | 2028-03-10      | Fixed         | 1.07%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2021-N1                              | CUSIP: 14687DAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    422189 | PA      | $414941.34    | 0.06%             | 2028-01-10      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2021-N3                              | CUSIP: 14687GAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    426004 | PA      | $412860.48    | 0.06%             | 2028-06-12      | Fixed         | 1.02%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2020-NP1                             | CUSIP: 14687PAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    379089 | PA      | $378883.80    | 0.05%             | 2027-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2025-P2                              | CUSIP: 14688YAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1089228 | PA      | $1089190.34   | 0.15%             | 2033-06-10      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Cerberus                       | Cerberus Loan Funding XL LLC                                        | CUSIP: 15675AAA7<br>LEI: 635400FRD1HEGKSHCI69 | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $5006730.00   | 0.67%             | 2035-03-22      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora | Chase Home Lending Mortgage Trust 2019-ATR2                         | CUSIP: 16159GAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1082297 | PA      | $1019252.24   | 0.14%             | 2049-07-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Cherry Securitization Trust    | Cherry Securitization Trust 2025-1                                  | CUSIP: 16473RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1520390.25   | 0.20%             | 2032-11-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Churchill Middle Market CLO Lt | Churchill NCDLC CLO-II LLC                                          | CUSIP: 17151LAA2<br>LEI: 254900966GVHITXUEY28 | Long             | ABS-CBDO         | CORP              | US        |    571429 | PA      | $571718.84    | 0.08%             | 2036-01-20      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                       | CUSIP: 172967KJ9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001348.74   | 0.13%             | 2026-03-09      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT Funding LLC                                                    | CUSIP: 19688DAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    433229 | PA      | $400231.45    | 0.05%             | 2064-12-25      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2020-2 Mortgage Loan Trust                                     | CUSIP: 19688JAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1710000 | PA      | $1678589.01   | 0.22%             | 2065-03-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| COMERICA INC                   | Comerica Inc                                                        | CUSIP: 200340AQ0<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1791662.87   | 0.24%             | 2026-07-22      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust            | COMM 2025-SBX Mortgage Trust                                        | CUSIP: 20047UAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2018030.00   | 0.27%             | 2041-08-10      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC             | Conagra Brands Inc                                                  | CUSIP: 205887CF7<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1841531.70   | 0.25%             | 2027-11-01      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2023-R08                        | CUSIP: 20755CAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    358771 | PA      | $360448.68    | 0.05%             | 2043-10-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN        | Consolidated Energy Finance SA                                      | CUSIP: 20914UAE6<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    500000 | PA      | $479414.75    | 0.06%             | 2026-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES          | Continental Resources Inc/OK                                        | CUSIP: 212015AS0<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1096054.36   | 0.15%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES          | Continental Resources Inc/OK                                        | CUSIP: 212015AU5<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1755174.28   | 0.23%             | 2026-11-15      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA       | Cooperatieve Rabobank UA                                            | CUSIP: 21684AAF3<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   3060000 | PA      | $3047947.46   | 0.41%             | 2026-07-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust            | DT Auto Owner Trust 2022-2                                          | CUSIP: 23345AAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4455216 | PA      | $4465941.95   | 0.60%             | 2028-03-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust            | DT Auto Owner Trust 2022-3                                          | CUSIP: 23345RAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2104502.20   | 0.28%             | 2029-07-16      | Fixed         | 10.99%                | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust            | DT Auto Owner Trust 2022-1                                          | CUSIP: 23345YAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1170000 | PA      | $1167532.00   | 0.16%             | 2029-03-15      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC            | Delta Air Lines Inc                                                 | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1318138.09   | 0.18%             | 2028-07-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC            | Delta Air Lines Inc                                                 | CUSIP: 247361ZZ4<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1704872.59   | 0.23%             | 2026-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC          | Directv Financing LLC / Directv Financing Co-Obligor Inc            | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    246000 | PA      | $246165.31    | 0.03%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE NA                 | Capital One NA                                                      | CUSIP: 25466AAJ0<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1093436.20   | 0.15%             | 2026-07-27      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 41 Senior Loan Fund                                          | CUSIP: 26244KAQ9<br>LEI: 5493000CMI5L15ZSNM78 | Long             | ABS-CBDO         | CORP              | KY        |   2650000 | PA      | $2653874.30   | 0.35%             | 2031-04-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 61 Clo Ltd                                                   | CUSIP: 26251CBA1<br>LEI: 549300JHVVT1NJ057H42 | Long             | ABS-CBDO         | CORP              | KY        |   4519275 | PA      | $4520937.68   | 0.60%             | 2032-01-17      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 64 CLO Ltd                                                   | CUSIP: 26251LAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4129123 | PA      | $4131769.78   | 0.55%             | 2031-04-18      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | EFMT 2025-CES1                                                      | CUSIP: 26846VAB0<br>LEI: 254900CMJGXNT3R7H775 | Long             | ABS-MBS          | CORP              | US        |   1481865 | PA      | $1511064.65   | 0.20%             | 2060-01-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| EQT CORP                       | EQT Corp                                                            | CUSIP: 26884LAF6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    896000 | PA      | $889596.50    | 0.12%             | 2027-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| EQT CORP                       | EQT Corp                                                            | CUSIP: 26884LAM1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    904000 | PA      | $895828.32    | 0.12%             | 2026-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| EQT CORP                       | EQT Corp                                                            | CUSIP: 26884LAT6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1279757.41   | 0.17%             | 2027-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2022-3                          | CUSIP: 30166YAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5940300 | PA      | $6009346.52   | 0.80%             | 2028-09-15      | Fixed         | 6.76%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2022-1                          | CUSIP: 30167JAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1467355.95   | 0.20%             | 2029-10-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| FMC CORP                       | FMC Corp                                                            | CUSIP: 302491AT2<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |   3050000 | PA      | $3002557.25   | 0.40%             | 2026-10-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                    | CUSIP: 3132XFD47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $1954012.00   | 0.26%             | 2026-11-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                    | CUSIP: 3132XGHM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6451707 | PA      | $6340240.87   | 0.85%             | 2026-10-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Fannie Mae-Aces                                                     | CUSIP: 3136ASVZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2282958 | PA      | $2263153.34   | 0.30%             | 2026-05-25      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                                   | CUSIP: 3136AXYR0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    408284 | PA      | $398296.21    | 0.05%             | 2046-08-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Fannie Mae-Aces                                                     | CUSIP: 3136AY6U2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    814437 | PA      | $801750.87    | 0.11%             | 2027-11-25      | Variable      | 3.16%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Fannie Mae-Aces                                                     | CUSIP: 3136B7GA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1437334 | PA      | $1421970.39   | 0.19%             | 2027-02-25      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BMTX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     11403 | PA      | $11384.82     | 0.00%             | 2025-11-25      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BN6G4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1818866 | PA      | $1814998.59   | 0.24%             | 2025-12-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BNGT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1876212 | PA      | $1869925.01   | 0.25%             | 2026-01-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BPW21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5519934 | PA      | $5491307.63   | 0.73%             | 2026-03-25      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BQYS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    918250 | PA      | $911456.95    | 0.12%             | 2026-05-25      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BRQJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5175699 | PA      | $5129118.16   | 0.68%             | 2026-07-25      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BSP72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6000000 | PA      | $5938206.00   | 0.79%             | 2026-08-25      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BSRE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3411819 | PA      | $3387148.06   | 0.45%             | 2026-09-25      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137BUX78<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2860000 | PA      | $2840580.60   | 0.38%             | 2026-12-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F62A4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1385853 | PA      | $1383305.45   | 0.18%             | 2030-09-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F72L8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    130041 | PA      | $129236.04    | 0.02%             | 2030-10-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F73C7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    618716 | PA      | $619082.05    | 0.08%             | 2027-10-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F73D5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    529003 | PA      | $527514.44    | 0.07%             | 2027-10-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F84A8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2022201 | PA      | $2014373.23   | 0.27%             | 2030-11-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F84M2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     89655 | PA      | $89390.98     | 0.01%             | 2030-11-25      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F8RQ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2587991 | PA      | $2564833.71   | 0.34%             | 2030-11-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F8ZR7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3759006 | PA      | $3716626.84   | 0.50%             | 2030-12-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F9CM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5096296 | PA      | $5046290.70   | 0.67%             | 2030-12-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                                  | CUSIP: 3137F9YS4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    243585 | PA      | $243089.74    | 0.03%             | 2035-09-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F9Z46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8865369 | PA      | $8744613.34   | 1.17%             | 2030-12-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F9ZZ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4512120 | PA      | $4492347.89   | 0.60%             | 2027-11-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FEJN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2110035 | PA      | $2104983.51   | 0.28%             | 2028-01-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FF3L9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1360371 | PA      | $1356427.23   | 0.18%             | 2028-01-25      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FFNQ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    209994 | PA      | $207895.81    | 0.03%             | 2031-01-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FGRL1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    814179 | PA      | $812705.68    | 0.11%             | 2028-06-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FL7L2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    224566 | PA      | $224888.66    | 0.03%             | 2026-02-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FLN34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    440808 | PA      | $439640.78    | 0.06%             | 2026-02-25      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FLYR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    346425 | PA      | $347204.85    | 0.05%             | 2026-04-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FMUT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    259035 | PA      | $259391.61    | 0.03%             | 2026-06-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FNXA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    651853 | PA      | $654238.35    | 0.09%             | 2029-08-25      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FPHF5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1966993 | PA      | $1970769.39   | 0.26%             | 2026-07-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FRE98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     14486 | PA      | $14503.96     | 0.00%             | 2027-01-25      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FREP2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    528658 | PA      | $529713.99    | 0.07%             | 2029-12-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FUZS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1163834 | PA      | $1163057.63   | 0.16%             | 2027-06-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FV2G6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    527448 | PA      | $525766.63    | 0.07%             | 2030-06-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FWGC8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1155659 | PA      | $1159305.89   | 0.15%             | 2030-07-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FXLS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1146147 | PA      | $1145290.13   | 0.15%             | 2027-08-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FXLT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3757347 | PA      | $3749490.60   | 0.50%             | 2027-08-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FXQZ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    593322 | PA      | $593407.65    | 0.08%             | 2030-10-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FXZ84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6147408 | PA      | $6073571.46   | 0.81%             | 2031-01-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FXZA9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3613653 | PA      | $3596651.23   | 0.48%             | 2031-01-25      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FYTS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4548346 | PA      | $4516448.85   | 0.60%             | 2031-02-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FYUP9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    483599 | PA      | $481274.90    | 0.06%             | 2031-02-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Whole Loan Securit | Freddie Mac Whole Loan Securities Trust 2016-SC02                   | CUSIP: 3137G1BF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1161892 | PA      | $1138497.01   | 0.15%             | 2046-10-25      | Variable      | 3.64%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H13L8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    579924 | PA      | $576599.69    | 0.08%             | 2028-05-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H13Y0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1232178 | PA      | $1215390.98   | 0.16%             | 2031-05-25      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H1LN4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4288039 | PA      | $4228169.67   | 0.56%             | 2031-06-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H1LV6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    423736 | PA      | $418718.27    | 0.06%             | 2031-06-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H1Z82<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1840304 | PA      | $1827096.11   | 0.24%             | 2028-07-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H2NK6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6422932 | PA      | $6371561.45   | 0.85%             | 2028-08-25      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H3K84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4916712 | PA      | $4892251.26   | 0.65%             | 2031-09-25      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H3KE1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1270730 | PA      | $1260886.74   | 0.17%             | 2028-09-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H5DU8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5746237 | PA      | $5693842.66   | 0.76%             | 2031-12-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H5XZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6033303 | PA      | $5991758.09   | 0.80%             | 2029-01-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H5Y35<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1020727 | PA      | $1018372.16   | 0.14%             | 2029-01-25      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H6MJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3588419 | PA      | $3575600.76   | 0.48%             | 2029-02-25      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H7KA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    606369 | PA      | $605435.32    | 0.08%             | 2029-05-25      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H7M26<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    497069 | PA      | $495252.20    | 0.07%             | 2032-04-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137HA3Y0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    732900 | PA      | $734610.89    | 0.10%             | 2030-02-25      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137HBBP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1701540 | PA      | $1712077.49   | 0.23%             | 2030-10-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137HKXG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $5008870.00   | 0.67%             | 2032-01-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                     | CUSIP: 3138LCT54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $1993272.00   | 0.27%             | 2026-01-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                     | CUSIP: 3138LEE98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    858846 | PA      | $850797.44    | 0.11%             | 2026-07-01      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                     | CUSIP: 3138LEVW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1555000 | PA      | $1534665.27   | 0.20%             | 2026-08-01      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                     | CUSIP: 3138LFE53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1530000 | PA      | $1506702.69   | 0.20%             | 2026-09-01      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                     | CUSIP: 3138LFXK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1298302 | PA      | $1275654.89   | 0.17%             | 2026-10-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                     | CUSIP: 3140HWR38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3571063 | PA      | $3516550.40   | 0.47%             | 2026-11-01      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC       | FHF Issuer Trust 2024-1                                             | CUSIP: 31568AAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1999246.60   | 0.27%             | 2031-05-15      | Fixed         | 7.42%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC       | FHF Trust 2022-2                                                    | CUSIP: 31568EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     92353 | PA      | $92490.02     | 0.01%             | 2027-12-15      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK NA            | Fifth Third Bank NA                                                 | CUSIP: 31677AAB0<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1846384.64   | 0.25%             | 2026-03-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                    | FIGRE Trust 2025-HE6                                                | CUSIP: 31684NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1001038.00   | 0.13%             | 2055-09-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                    | FIGRE Trust 2025-FL1                                                | CUSIP: 31684QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1595196 | PA      | $1602765.47   | 0.21%             | 2055-07-25      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                          | CUSIP: 31846V211<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  27793313 | NS      | $27793312.61  | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2022-2                                   | CUSIP: 33844XAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $995731.50    | 0.13%             | 2028-04-17      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2021-4                                   | CUSIP: 33845AAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    288000 | PA      | $270351.07    | 0.04%             | 2027-12-15      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2021-3                                   | CUSIP: 33846QAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    193000 | PA      | $183866.14    | 0.02%             | 2027-09-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust        | Flagstar Mortgage Trust 2018-6RR                                    | CUSIP: 33851FAB3<br>LEI: 549300H3PON1KOB2RF56 | Long             | ABS-MBS          | CORP              | US        |    770003 | PA      | $729009.40    | 0.10%             | 2048-10-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| FLEX LTD                       | Flex Ltd                                                            | CUSIP: 33938XAC9<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |   1500000 | PA      | $1495808.51   | 0.20%             | 2026-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                            | CUSIP: 345397B51<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2774697.70   | 0.37%             | 2028-02-16      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Fortress Credit BSL Limited    | Fortress Credit BSL IX Ltd                                          | CUSIP: 34962XAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4000000.00   | 0.53%             | 2033-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust       | Foundation Finance Trust 2021-2                                     | CUSIP: 35042PAA8<br>LEI: 54930021B3TF4B4HKE86 | Long             | ABS-O            | CORP              | US        |    477908 | PA      | $455712.47    | 0.06%             | 2042-01-15      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2022-DNA3                             | CUSIP: 35564KUX5<br>LEI: 5493000IS4M3TZMRB410 | Long             | ABS-MBS          | CORP              | US        |   3111000 | PA      | $3210408.89   | 0.43%             | 2042-04-25      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac Stacr Remic Trust 2025-Hqa1                             | CUSIP: 35564NGZ0<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | CORP              | US        |   1013142 | PA      | $1015353.52   | 0.14%             | 2045-02-25      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Freedom Financial              | FREED ABS Trust 2022-3FP                                            | CUSIP: 35634EAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    391760 | PA      | $393930.19    | 0.05%             | 2029-08-20      | Fixed         | 7.36%                 | No            |                  2 | On Loan: No      |
| Freedom Financial              | FREED ABS Trust 2022-4FP                                            | CUSIP: 35634JAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    925286 | PA      | $930276.65    | 0.12%             | 2029-12-18      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP          | Freedom Mortgage Corp                                               | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    600000 | PA      | $601746.00    | 0.08%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Frontier Issuer LLC            | Frontier Issuer LLC                                                 | CUSIP: 35910EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4051362.40   | 0.54%             | 2053-08-20      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| GATX CORP                      | GATX Corp                                                           | CUSIP: 361448AY9<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    600000 | PA      | $595225.51    | 0.08%             | 2026-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GATX CORP                      | GATX Corp                                                           | CUSIP: 361448BA0<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1079201.62   | 0.14%             | 2028-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GCAT                           | GCAT 2021-NQM2 Trust                                                | CUSIP: 36166XAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1091284 | PA      | $952023.98    | 0.13%             | 2066-05-25      | Variable      | 1.24%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD               | GGAM Finance Ltd                                                    | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    250000 | PA      | $255764.78    | 0.03%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2022-GR2                        | CUSIP: 36250BAR7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    109437 | PA      | $110630.08    | 0.01%             | 2044-07-25      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Corp Trust 2018-TWR                          | CUSIP: 36251SAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    775000 | PA      | $384299.54    | 0.05%             | 2031-07-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Corp Trust 2020-PJ2                   | CUSIP: 36262DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    196226 | PA      | $177330.49    | 0.02%             | 2050-07-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Corp Trust 2021-NQM1                  | CUSIP: 36262EAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1049326 | PA      | $946014.81    | 0.13%             | 2061-07-25      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2025-HE1                        | CUSIP: 36272NAA2<br>LEI: 254900RIVK2GCJ08H839 | Long             | ABS-MBS          | CORP              | US        |   1884310 | PA      | $1903663.61   | 0.25%             | 2055-10-25      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2025-DSC2                       | CUSIP: 36275JAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5031000.00   | 0.67%             | 2066-01-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| Gallatin Loan Management, LLC  | Gallatin CLO VIII 2017-1 Ltd                                        | CUSIP: 36361UAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    899019 | PA      | $899007.76    | 0.12%             | 2031-07-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co., | Galton Funding Mortgage Trust 2017-1                                | CUSIP: 36416UAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     31868 | PA      | $29749.04     | 0.00%             | 2056-07-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO              | General Motors Co                                                   | CUSIP: 37045VBC3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    180000 | PA      | $184377.75    | 0.02%             | 2028-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                     | CUSIP: 37045XDH6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2534327.42   | 0.34%             | 2028-04-10      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                     | CUSIP: 37045XEF9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    400000 | PA      | $401807.32    | 0.05%             | 2026-04-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD        | Global Aircraft Leasing Co Ltd                                      | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    600000 | PA      | $618474.00    | 0.08%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                     | goeasy Ltd                                                          | CUSIP: 380355AF4<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    274000 | PA      | $271165.88    | 0.04%             | 2026-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Goldman Home Improvement Trust | Goldman Home Improvement Trust 2021-GRN2 Issuer Trust               | CUSIP: 38149XAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    411378 | PA      | $402326.05    | 0.05%             | 2051-06-25      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd | Golub Capital Partners CLO 61M                                      | CUSIP: 381738AY9<br>LEI: 254900WW1795MW2WKR08 | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2498607.50   | 0.33%             | 2035-07-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Greywolf CLO Ltd               | Greywolf CLO III Ltd                                                | CUSIP: 39809CAY0<br>LEI: 5493002TWMA4NNPZ2B66 | Long             | ABS-CBDO         | CORP              | KY        |   4792264 | PA      | $4799337.58   | 0.64%             | 2033-04-22      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                             | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125126.83    | 0.02%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                             | CUSIP: 404119CP2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1740929.06   | 0.23%             | 2028-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HPS Loan Management Ltd        | HPS Loan Management 11-2017 Ltd                                     | CUSIP: 40436VAG6<br>LEI: 549300Z5U2GIJ32SH058 | Long             | ABS-CBDO         | CORP              | KY        |   2198664 | PA      | $2198796.39   | 0.29%             | 2030-05-06      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT         | HAT Holdings I LLC / HAT Holdings II LLC                            | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    825000 | PA      | $817086.60    | 0.11%             | 2026-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT         | HAT Holdings I LLC / HAT Holdings II LLC                            | CUSIP: 418751AL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2040000 | PA      | $2119277.68   | 0.28%             | 2027-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC    | Hertz Vehicle Financing III LP                                      | CUSIP: 42806MAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1462003.65   | 0.19%             | 2027-12-27      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC    | Hertz Vehicle Financing III LLC                                     | CUSIP: 42806MBT5<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1005131.40   | 0.13%             | 2027-06-25      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| HEXCEL CORP                    | Hexcel Corp                                                         | CUSIP: 428291AN8<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1689967.79   | 0.23%             | 2027-02-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP       | Host Hotels & Resorts LP                                            | CUSIP: 44107TAW6<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |    950000 | PA      | $948965.18    | 0.13%             | 2026-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank   | Huntington Bank Auto Credit-Linked Notes Series 2024-1              | CUSIP: 44644NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    242227 | PA      | $246013.79    | 0.03%             | 2032-05-20      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP              | Hyatt Hotels Corp                                                   | CUSIP: 448579AF9<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300058.56    | 0.04%             | 2026-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP              | Hyatt Hotels Corp                                                   | CUSIP: 448579AU6<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2799306.68   | 0.37%             | 2028-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC              | Imperial Fund Mortgage Trust 2021-NQM1                              | CUSIP: 452764AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    936412 | PA      | $833742.16    | 0.11%             | 2056-06-25      | Variable      | 1.62%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES       | International Flavors & Fragrances Inc                              | CUSIP: 459506AP6<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |   3050000 | PA      | $2908244.97   | 0.39%             | 2027-10-15      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-5                                     | CUSIP: 46591FAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    492068 | PA      | $471224.44    | 0.06%             | 2049-11-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| JABIL INC                      | Jabil Inc                                                           | CUSIP: 466313AL7<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    400000 | PA      | $395545.40    | 0.05%             | 2026-04-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor | JP Morgan Chase Commercial Mortgage Securities Trust 2018-PTC       | CUSIP: 46649GAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1253000 | PA      | $532343.32    | 0.07%             | 2031-04-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-6                                     | CUSIP: 46651BAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    965283 | PA      | $887872.38    | 0.12%             | 2049-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-LTV3                                  | CUSIP: 46651HAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4120 | PA      | $4140.37      | 0.00%             | 2050-03-25      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2023-HE1                                   | CUSIP: 46656UAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    346249 | PA      | $350171.39    | 0.05%             | 2053-11-25      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Jamestown CLO Ltd              | Jamestown CLO XI Ltd                                                | CUSIP: 47049QAC0<br>LEI: 549300ICXRO4NIJIWJ29 | Long             | ABS-CBDO         | CORP              | KY        |   1625000 | PA      | $1629249.38   | 0.22%             | 2031-07-14      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN       | Jefferson Capital Holdings LLC                                      | CUSIP: 472481AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $647453.11    | 0.09%             | 2026-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JUNIPER NETWORKS INC           | Juniper Networks Inc                                                | CUSIP: 48203RAN4<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498250.84    | 0.07%             | 2025-12-10      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd          | KKR CLO 18 Ltd                                                      | CUSIP: 48251JAS2<br>LEI: 54930088PYF0FHKY5C94 | Long             | ABS-CBDO         | CORP              | KY        |   4750000 | PA      | $4751349.00   | 0.63%             | 2035-10-18      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| KREF 2021-FL2 Ltd              | KREF 2021-FL2 Ltd                                                   | CUSIP: 48275RAA5<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |    243715 | PA      | $244394.89    | 0.03%             | 2039-02-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC           | Keurig Dr Pepper Inc                                                | CUSIP: 49271VAW0<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3029797.77   | 0.40%             | 2027-03-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                    | KeyBank NA/Cleveland OH                                             | CUSIP: 49327V2A1<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1034827.47   | 0.14%             | 2026-05-20      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO           | Kraft Heinz Foods Co                                                | CUSIP: 50077LAD8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2481746.53   | 0.33%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LJV I MM CLO LLC               | LJV I MM CLO LLC                                                    | CUSIP: 50203VAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4627755 | PA      | $4633257.75   | 0.62%             | 2034-04-28      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC               | LPL Holdings Inc                                                    | CUSIP: 50212YAC8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   2860000 | PA      | $2851451.89   | 0.38%             | 2027-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC               | LPL Holdings Inc                                                    | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    140000 | PA      | $142689.54    | 0.02%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Lake Shore MM CLO LLC          | Lake Shore MM CLO II Ltd                                            | CUSIP: 510760AL5<br>LEI: 5493004NSSTVWDFT9W29 | Long             | ABS-CBDO         | CORP              | KY        |    662502 | PA      | $662449.96    | 0.09%             | 2031-10-17      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Lake Shore MM CLO LLC          | Lake Shore MM CLO II Ltd                                            | CUSIP: 510760AQ4<br>LEI: 5493004NSSTVWDFT9W29 | Long             | ABS-CBDO         | CORP              | KY        |   1550000 | PA      | $1549083.95   | 0.21%             | 2031-10-17      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust  | Lendbuzz Securitization Trust 2023-3                                | CUSIP: 525931AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    208466 | PA      | $211981.70    | 0.03%             | 2028-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LendingPoint Asset Securitizat | Lendingpoint 2021-B Asset Securitization Trust                      | CUSIP: 52607HAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    573296 | PA      | $567272.15    | 0.08%             | 2029-02-15      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| LendingPoint Pass-Through Trus | LendingPoint Pass-Through Trust Series 2022-ST1                     | CUSIP: 52607NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9839 | PA      | $9814.70      | 0.00%             | 2028-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LendingPoint Pass-Through Trus | LendingPoint Pass-Through Trust Series 2022-ST2                     | CUSIP: 52607QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18696 | PA      | $18646.07     | 0.00%             | 2028-04-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust  | Lendbuzz Securitization Trust 2023-1                                | CUSIP: 52608LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    266834 | PA      | $269626.36    | 0.04%             | 2028-08-15      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                            | CUSIP: 539439AM1<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    950000 | PA      | $950173.92    | 0.13%             | 2025-12-10      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                            | CUSIP: 53944YAB9<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $800697.02    | 0.11%             | 2026-03-24      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Lobel Automobile Receivables T | Lobel Automobile Receivables Trust 2023-1                           | CUSIP: 53946XAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1223997 | PA      | $1229888.06   | 0.16%             | 2028-10-16      | Fixed         | 8.31%                 | No            |                  2 | On Loan: No      |
| Lobel Automobile Receivables T | Lobel Automobile Receivables Trust 2023-1                           | CUSIP: 53946XAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3010000 | PA      | $3054331.58   | 0.41%             | 2030-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Lobel Automobile Receivables T | Lobel Automobile Receivables Trust 2023-2                           | CUSIP: 53949FAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3091061.40   | 0.41%             | 2029-06-15      | Fixed         | 10.04%                | No            |                  2 | On Loan: No      |
| Luxury Lease Partners Auto Lea | Luxury Lease Partners Auto Lease Trust 2024-4                       | CUSIP: 55068XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225345 | PA      | $225389.24    | 0.03%             | 2030-07-15      | Fixed         | 7.29%                 | No            |                  2 | On Loan: No      |
| MANUF & TRADERS TRUST CO       | Manufacturers & Traders Trust Co                                    | CUSIP: 55279HAQ3<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246381.69    | 0.03%             | 2027-08-17      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga | MF1 2021-FL7 Ltd                                                    | CUSIP: 55284AAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2010000 | PA      | $2014076.28   | 0.27%             | 2036-10-16      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD       | Macquarie Airfinance Holdings Ltd                                   | CUSIP: 55609NAF5<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |   2700000 | PA      | $2745000.31   | 0.37%             | 2028-03-27      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2023-3                                       | CUSIP: 57109RAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2473115 | PA      | $2486149.88   | 0.33%             | 2033-09-15      | Fixed         | 7.06%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2023-3                                       | CUSIP: 57109RAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3785000 | PA      | $3890461.08   | 0.52%             | 2033-09-15      | Fixed         | 8.04%                 | No            |                  2 | On Loan: No      |
| MASTEC INC                     | MasTec Inc                                                          | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1714381.31   | 0.23%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                     | Mattel Inc                                                          | CUSIP: 577081BE1<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2983008.81   | 0.40%             | 2026-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Accepta | Mello Mortgage Capital Acceptance 2021-MTG2                         | CUSIP: 585494AK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3019716 | PA      | $2713659.07   | 0.36%             | 2051-06-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP            | Meritage Homes Corp                                                 | CUSIP: 59001ABA9<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1712134.65   | 0.23%             | 2027-06-06      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| METHANEX CORP                  | Methanex Corp                                                       | CUSIP: 59151KAM0<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |    350000 | PA      | $351063.65    | 0.05%             | 2027-10-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Metlife Securitization Trust   | METLIFE SECURITIZATION TRUST 2020-1                                 | CUSIP: 59166CAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1398847 | PA      | $1243804.47   | 0.17%             | 2050-05-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust       | Mill City Mortgage Loan Trust 2021-NMR1                             | CUSIP: 59982HAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    548285 | PA      | $529685.06    | 0.07%             | 2060-11-25      | Variable      | 1.12%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Maste | Mission Lane Credit Card Master Trust                               | CUSIP: 60510MBK3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1515215.70   | 0.20%             | 2030-05-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Maste | Mission Lane Credit Card Master Trust                               | CUSIP: 60510MCA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1002377.90   | 0.13%             | 2030-12-16      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Momnt Technologies Trust       | Momnt Technologies Trust 2025-1                                     | CUSIP: 608931AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1724851 | PA      | $1734609.34   | 0.23%             | 2043-06-20      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| Momnt Technologies Trust       | Momnt Technologies Trust 2023-1                                     | CUSIP: 608934AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    301592 | PA      | $302009.14    | 0.04%             | 2045-03-20      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor | Morgan Stanley Residential Mortgage Loan Trust 2025-SPL1            | CUSIP: 617946AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    994318 | PA      | $961129.66    | 0.13%             | 2065-02-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| NMLT Trust                     | NMLT 2021-INV1 Trust                                                | CUSIP: 62923JAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1067086 | PA      | $943113.77    | 0.13%             | 2056-05-25      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                 | NRG Energy Inc                                                      | CUSIP: 629377CN0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1096510.36   | 0.15%             | 2025-12-02      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                 | NRG Energy Inc                                                      | CUSIP: 629377CP5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1870781.97   | 0.25%             | 2027-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO           | National Fuel Gas Co                                                | CUSIP: 636180BS9<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1870606.10   | 0.25%             | 2026-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Natixis Commercial Mortgage Se | Natixis Commercial Mortgage Securities Trust 2019-MILE              | CUSIP: 63875FAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    848857 | PA      | $808695.30    | 0.11%             | 2036-07-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Enva 2018-A, LLC               | NetCredit Combined Receivables 2024 LLC                             | CUSIP: 64113EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     27945 | PA      | $28088.28     | 0.00%             | 2030-10-21      | Fixed         | 7.43%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2021-INV1                       | CUSIP: 64829WAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1863149 | PA      | $1700004.08   | 0.23%             | 2051-06-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2022-NQM4                       | CUSIP: 64831UAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    881942 | PA      | $864150.13    | 0.12%             | 2062-06-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC              | Newell Brands Inc                                                   | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    650000 | PA      | $668471.04    | 0.09%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                    | Ovintiv Inc                                                         | CUSIP: 651290AR9<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1798375.61   | 0.24%             | 2026-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC              | Nexstar Media Inc                                                   | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    450000 | PA      | $450096.48    | 0.06%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                       | OZLM XXIV Ltd                                                       | CUSIP: 67113DAW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1931542 | PA      | $1931354.82   | 0.26%             | 2032-07-20      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2021-NQM1 Trust                                                 | CUSIP: 67114BAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3329491 | PA      | $2954324.27   | 0.39%             | 2066-02-25      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust        | NYMT Loan Trust 2025-CP1                                            | CUSIP: 67121VAA2<br>LEI: 254900JF85A0S614L988 | Long             | ABS-MBS          | CORP              | US        |    968143 | PA      | $937388.73    | 0.13%             | 2069-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust  | NYC Commercial Mortgage Trust 2025-28L                              | CUSIP: 67123JAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $500508.00    | 0.07%             | 2038-11-05      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2020-EXP1 Trust                                                 | CUSIP: 67448TBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    268827 | PA      | $255919.60    | 0.03%             | 2060-02-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR       | Occidental Petroleum Corp                                           | CUSIP: 674599CM5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1100241.53   | 0.15%             | 2027-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR       | Occidental Petroleum Corp                                           | CUSIP: 674599CR4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    950000 | PA      | $940119.15    | 0.13%             | 2026-08-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR       | Occidental Petroleum Corp                                           | CUSIP: 674599DR3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    835000 | PA      | $893854.98    | 0.12%             | 2028-05-15      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust       | Octane Receivables Trust 2022-2                                     | CUSIP: 67578XAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3095487.90   | 0.41%             | 2030-02-20      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners XV | Octagon Investment Partners XVII Ltd                                | CUSIP: 67590GBL2<br>LEI: 54930007Y57X4ONHQV20 | Long             | ABS-CBDO         | CORP              | KY        |   1421752 | PA      | $1424709.75   | 0.19%             | 2031-01-25      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                      | ONEOK Inc                                                           | CUSIP: 682680AU7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1108079.31   | 0.15%             | 2028-07-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                      | ONEOK Inc                                                           | CUSIP: 682680CL5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600934.72    | 0.08%             | 2026-07-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP           | OneMain Finance Corp                                                | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    450000 | PA      | $443017.67    | 0.06%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Issuance Trust 2024-2                                       | CUSIP: 68377KAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    154430 | PA      | $154539.72    | 0.02%             | 2032-02-09      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Issuance Trust 2024-2                                       | CUSIP: 68377KAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $501567.65    | 0.07%             | 2032-02-09      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Funding Trust 2024-3                                        | CUSIP: 68377NAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3006075.60   | 0.40%             | 2029-08-15      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                    | Ovintiv Inc                                                         | CUSIP: 69047QAB8<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    240000 | PA      | $246826.46    | 0.03%             | 2028-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                 | Owens-Brockway Glass Container Inc                                  | CUSIP: 69073TAT0<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300279.79    | 0.04%             | 2027-05-13      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC             | PBF Holding Co LLC / PBF Finance Corp                               | CUSIP: 69318FAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $596020.26    | 0.08%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                  | PRA Group Inc                                                       | CUSIP: 69354NAE6<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    650000 | PA      | $660241.40    | 0.09%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC              | PRPM 2025-RCF4 LLC                                                  | CUSIP: 69382WAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    962486 | PA      | $955388.89    | 0.13%             | 2055-08-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC              | PRPM 2025-7 LLC                                                     | CUSIP: 69382YAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    979274 | PA      | $982123.51    | 0.13%             | 2030-08-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC              | PRPM 2025-RCF5 LLC                                                  | CUSIP: 69384AAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1001814.00   | 0.13%             | 2055-10-25      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC         | Pacific Gas and Electric Co                                         | CUSIP: 694308JP3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1745795.66   | 0.23%             | 2026-01-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Pagaya Point of Sale Holdings  | Pagaya Point of Sale Holdings Grantor Trust 2025-1                  | CUSIP: 694952AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1600000 | PA      | $1616257.28   | 0.22%             | 2034-01-20      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Pagaya Point of Sale Holdings  | Pagaya Point of Sale Holdings Grantor Trust 2025-1                  | CUSIP: 694952AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2019749.20   | 0.27%             | 2034-01-20      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2023-8                                         | CUSIP: 694960AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3689202 | PA      | $3765174.11   | 0.50%             | 2031-06-16      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2023-8                                         | CUSIP: 694960AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4002005 | PA      | $4081327.94   | 0.54%             | 2031-06-16      | Fixed         | 9.54%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2024-2                                         | CUSIP: 694961AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2988349 | PA      | $3007251.81   | 0.40%             | 2031-08-15      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2024-2                                         | CUSIP: 694961AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    485890 | PA      | $489854.37    | 0.07%             | 2031-08-15      | Fixed         | 7.57%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-11                                | CUSIP: 69544AAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3537679 | PA      | $3562354.21   | 0.48%             | 2032-07-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-11                                | CUSIP: 69544AAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    797499 | PA      | $802974.31    | 0.11%             | 2032-07-15      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-5                                 | CUSIP: 69544LAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1095270 | PA      | $1104436.76   | 0.15%             | 2031-10-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-10                                | CUSIP: 69544MAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1449393 | PA      | $1458198.34   | 0.19%             | 2032-06-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-1                                 | CUSIP: 69544NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    999915 | PA      | $1009426.81   | 0.13%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-1                                 | CUSIP: 69544NAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    999915 | PA      | $1007536.17   | 0.13%             | 2032-07-15      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-8                                 | CUSIP: 69544QAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    839542 | PA      | $844459.83    | 0.11%             | 2032-01-15      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-3                                 | CUSIP: 69544TAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    999798 | PA      | $1007282.12   | 0.13%             | 2032-12-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-3                                 | CUSIP: 69544TAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    999798 | PA      | $1016179.32   | 0.14%             | 2032-12-15      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-2                                 | CUSIP: 69545GAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1624829 | PA      | $1636026.51   | 0.22%             | 2032-10-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-2                                 | CUSIP: 69545GAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1999790 | PA      | $2011483.50   | 0.27%             | 2032-10-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-7                                 | CUSIP: 69545RAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $6989721.90   | 0.93%             | 2033-05-15      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-7                                 | CUSIP: 69545RAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1995965.40   | 0.27%             | 2033-05-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2022-1                                         | CUSIP: 69546MAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2282489 | PA      | $2263258.91   | 0.30%             | 2029-10-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2023-5                                         | CUSIP: 69546PAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    318659 | PA      | $319375.01    | 0.04%             | 2031-04-15      | Fixed         | 9.10%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya Ai Debt Grantor Trust 2024-9                                 | CUSIP: 69546QAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    648365 | PA      | $652016.80    | 0.09%             | 2032-03-15      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya Ai Debt Trust 2025-R1                                        | CUSIP: 69547CAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1700000 | PA      | $1713988.28   | 0.23%             | 2032-06-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2025-4                                         | CUSIP: 69547DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2519125.75   | 0.34%             | 2033-01-17      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2025-4                                         | CUSIP: 69547DAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3040871.70   | 0.41%             | 2033-01-17      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2025-4                                         | CUSIP: 69547DAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1015141.30   | 0.14%             | 2033-01-17      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust 2021-1                               | CUSIP: 69547JAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     17478 | PA      | $17337.40     | 0.00%             | 2027-11-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2024-3                                         | CUSIP: 69547XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    203156 | PA      | $204205.58    | 0.03%             | 2031-10-15      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2024-3                                         | CUSIP: 69547XAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2583757 | PA      | $2598709.94   | 0.35%             | 2031-10-15      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2024-3                                         | CUSIP: 69547XAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    516426 | PA      | $520423.78    | 0.07%             | 2031-10-15      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2024-1                                         | CUSIP: 69548AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1948711 | PA      | $1961290.84   | 0.26%             | 2031-07-15      | Fixed         | 7.11%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2024-1                                         | CUSIP: 69548AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2111661 | PA      | $2131589.73   | 0.28%             | 2031-07-15      | Fixed         | 8.34%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-6 And Pagaya AI Debt Trust 2024-6 | CUSIP: 69548KAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1158324 | PA      | $1167132.13   | 0.16%             | 2031-11-15      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2023-7                                         | CUSIP: 69548RAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    556189 | PA      | $559060.78    | 0.07%             | 2031-07-15      | Fixed         | 8.80%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2023-7                                         | CUSIP: 69548RAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    621419 | PA      | $623464.32    | 0.08%             | 2031-07-15      | Variable      | 8.80%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-5                                 | CUSIP: 69548WAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4529952.00   | 0.60%             | 2033-03-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya Ai Debt Grantor Trust 2025-6                                 | CUSIP: 69549BAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1163831 | PA      | $1163437.28   | 0.16%             | 2033-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya Ai Debt Grantor Trust 2025-6                                 | CUSIP: 69549BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $999877.10    | 0.13%             | 2033-04-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2022-4 Ltd                               | CUSIP: 69702YAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3250000 | PA      | $3251261.00   | 0.43%             | 2031-07-24      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                       | CUSIP: 709599BU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $135914.43    | 0.02%             | 2026-05-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne | PRET 2025-NPL9 LLC                                                  | CUSIP: 740937AA5<br>LEI: 254900IWII23Q41Y2V47 | Long             | ABS-MBS          | CORP              | US        |   1946475 | PA      | $1954383.73   | 0.26%             | 2055-08-25      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trus | Prestige Auto Receivables Trust 2025-1                              | CUSIP: 74113UAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3016622.10   | 0.40%             | 2028-11-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management    | RCKT Mortgage Trust 2025-CES7                                       | CUSIP: 74943AAB8<br>LEI: 254900E35NYYFOUTHD06 | Long             | ABS-MBS          | CORP              | US        |   1442969 | PA      | $1463780.90   | 0.20%             | 2055-07-25      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| RADIAN GROUP INC               | Radian Group Inc                                                    | CUSIP: 750236AW1<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1855922.70   | 0.25%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2023-4                     | CUSIP: 76088UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    636435 | PA      | $637474.38    | 0.09%             | 2032-03-25      | Fixed         | 7.54%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Trust 2025-5                           | CUSIP: 76089KAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1996659.40   | 0.27%             | 2034-06-26      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2023-3                     | CUSIP: 76089RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    181848 | PA      | $182095.28    | 0.02%             | 2032-01-26      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2025-3                     | CUSIP: 76090QAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3510495.10   | 0.47%             | 2034-02-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES        | Royal Caribbean Cruises Ltd                                         | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1230000 | PA      | $1251306.28   | 0.17%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES        | Royal Caribbean Cruises Ltd                                         | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1770000 | PA      | $1768342.96   | 0.24%             | 2026-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners            | SG Residential Mortgage Trust 2021-2                                | CUSIP: 78432YAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3371236 | PA      | $2924004.50   | 0.39%             | 2061-12-25      | Variable      | 1.94%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION       | Sabine Pass Liquefaction LLC                                        | CUSIP: 785592AU0<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    750000 | PA      | $750757.31    | 0.10%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION       | Sabine Pass Liquefaction LLC                                        | CUSIP: 785592AV8<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    177000 | PA      | $177414.70    | 0.02%             | 2026-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2025-NPL1                   | CUSIP: 79582BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1979804 | PA      | $1984183.22   | 0.26%             | 2030-01-25      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2021-MF1                    | CUSIP: 79582KAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2458864 | PA      | $2381901.53   | 0.32%             | 2029-11-25      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2025-NPL2                   | CUSIP: 79589BAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2508716 | PA      | $2524483.05   | 0.34%             | 2030-05-25      | Variable      | 7.77%                 | No            |                  2 | On Loan: No      |
| Santander Mortgage Asset Recei | Santander Mortgage Asset Receivable Trust 2025-Ces1                 | CUSIP: 802650AB7<br>LEI: 254900WEZWXJLYHMU869 | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2001810.00   | 0.27%             | 2055-09-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                | Sealed Air Corp                                                     | CUSIP: 81211KAZ3<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1749030.93   | 0.23%             | 2026-10-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2023-4                                       | CUSIP: 81743JAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    232420 | PA      | $233612.81    | 0.03%             | 2053-11-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC            | Silgan Holdings Inc                                                 | CUSIP: 827048AX7<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2463278.00   | 0.33%             | 2026-04-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| SKOPOS AUTO RECEIVABLES TRUST  | Skopos Auto Receivables Trust 2019-1                                | CUSIP: 83085DAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    279088 | PA      | $279169.99    | 0.04%             | 2026-06-15      | Fixed         | 7.82%                 | No            |                  2 | On Loan: No      |
| Sotheby's Artfi Master Trust 2 | Sotheby's Artfi Master Trust                                        | CUSIP: 83589CAA6<br>LEI: 9845002FA850DM72BA31 | Long             | ABS-O            | CORP              | US        |   3446000 | PA      | $3465004.00   | 0.46%             | 2031-12-22      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD            | Sound Point CLO IX Ltd                                              | CUSIP: 83609GBN4<br>LEI: 549300W2FX6HEXN27U70 | Long             | ABS-CBDO         | CORP              | KY        |   4197547 | PA      | $4200216.83   | 0.56%             | 2032-07-20      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO          | Southwest Airlines Co                                               | CUSIP: 844741BC1<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |   2007000 | PA      | $1981725.83   | 0.26%             | 2026-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Springcastle SPV               | SpringCastle America Funding LLC                                    | CUSIP: 85022WAP9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4409369 | PA      | $4181081.11   | 0.56%             | 2037-09-25      | Fixed         | 1.97%                 | No            |                  2 | On Loan: No      |
| SPRINT LLC                     | Sprint LLC                                                          | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1710000.00   | 0.23%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET       | Smyrna Ready Mix Concrete LLC                                       | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    750000 | PA      | $748098.60    | 0.10%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST        | Starwood Property Trust Inc                                         | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297515.85    | 0.04%             | 2027-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2020-INV                        | CUSIP: 85573EAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    906697 | PA      | $876355.83    | 0.12%             | 2055-11-25      | Variable      | 1.59%                 | No            |                  2 | On Loan: No      |
| Steele Creek CLO Ltd           | Steele Creek CLO 2014-1 Ltd                                         | CUSIP: 85816WAE4<br>LEI: 549300ZMV389HVGL0K94 | Long             | ABS-CBDO         | CORP              | KY        |    499033 | PA      | $499093.48    | 0.07%             | 2031-04-21      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Steele Creek CLO Ltd           | Steele Creek CLO 2019-1 LTD                                         | CUSIP: 85817BAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1313350 | PA      | $1312975.77   | 0.18%             | 2032-04-15      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Steele Creek CLO Ltd           | Steele Creek CLO 2019-2 LTD                                         | CUSIP: 85817EAU7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2455960 | PA      | $2455080.63   | 0.33%             | 2032-07-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| STRIKE ACCEPTANCE AUTO FUNDING | Strike Acceptance Auto Funding Trust 2025-1                         | CUSIP: 86332RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1335244 | PA      | $1337859.03   | 0.18%             | 2032-04-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Sunbit Asset Securitization Tr | Sunbit Asset Securitization Trust 2025-1                            | CUSIP: 86709SAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1004729.20   | 0.13%             | 2030-07-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd               | Symphony CLO XV Ltd                                                 | CUSIP: 87154EBE9<br>LEI: 549300JNP1PJXORD0Y06 | Long             | ABS-CBDO         | CORP              | KY        |   4267613 | PA      | $4270203.86   | 0.57%             | 2032-01-17      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY BANK                 | Synchrony Bank                                                      | CUSIP: 87166FAE3<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1837615.50   | 0.25%             | 2027-08-23      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TCI-Symphony CLO               | TCI-Symphony CLO 2016-1 Ltd                                         | CUSIP: 87229WAQ4<br>LEI: 5493005WLG3H3B8NI222 | Long             | ABS-CBDO         | CORP              | KY        |   2018900 | PA      | $2021799.36   | 0.27%             | 2032-10-13      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| TEACHERS INSURANCE AND ANNUITY | TIAA CLO I Ltd                                                      | CUSIP: 87271LAY8<br>LEI: 549300SWQCCOXV4X1761 | Long             | ABS-CBDO         | CORP              | KY        |   1271269 | PA      | $1271561.83   | 0.17%             | 2031-07-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance        | TRTX 2022-FL5 Issuer Ltd                                            | CUSIP: 87277JAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002837.00   | 0.13%             | 2039-02-15      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS       | Targa Resources Partners LP / Targa Resources Partners Finance Corp | CUSIP: 87612BBG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1501505.54   | 0.20%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Theorem Funding Trust          | Theorem Funding Trust 2022-3                                        | CUSIP: 882925AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1279317 | PA      | $1294312.00   | 0.17%             | 2029-04-15      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| TOLL BROS FINANCE CORP         | Toll Brothers Finance Corp                                          | CUSIP: 88947EAS9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    930000 | PA      | $935720.21    | 0.12%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2019-HY3                                  | CUSIP: 89177XAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    607001 | PA      | $608509.04    | 0.08%             | 2059-10-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2021-SJ2                                  | CUSIP: 89180LAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1406175.00   | 0.19%             | 2061-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2025-CRM1                                 | CUSIP: 891946AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1275757 | PA      | $1295562.23   | 0.17%             | 2065-01-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd               | Trinitas CLO XIV Ltd                                                | CUSIP: 89641QAY6<br>LEI: 549300095MXHZZMH2053 | Long             | ABS-CBDO         | CORP              | KY        |   4800000 | PA      | $4801632.00   | 0.64%             | 2034-01-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| USASF Receivables LLC          | US Auto Funding Trust 2022-1                                        | CUSIP: 90355FAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    740580 | PA      | $270748.70    | 0.04%             | 2025-12-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC            | United Airlines Inc                                                 | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2146904.00   | 0.29%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitizat | United Auto Credit Securitization Trust 2025-1                      | CUSIP: 90945JAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3504319.70   | 0.47%             | 2028-02-10      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL       | United Wholesale Mortgage LLC                                       | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    400000 | PA      | $401257.60    | 0.05%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL        | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC     | CUSIP: 91327BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $440172.72    | 0.06%             | 2028-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS          | Universal Health Services Inc                                       | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    700000 | PA      | $685320.79    | 0.09%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Upstart Pass Through Trust     | Upstart Pass-Through Trust Series 2021-ST4                          | CUSIP: 91534HAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     41558 | PA      | $41486.59     | 0.01%             | 2027-07-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2021-3                                 | CUSIP: 91679LAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    132695 | PA      | $132108.43    | 0.02%             | 2031-07-20      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| Upstart Structured Pass-Throug | Upstart Structured Pass-Through Trust Series 2022-2A                | CUSIP: 91680YAY7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    107005 | PA      | $106602.45    | 0.01%             | 2030-06-17      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Upstart Structured Pass-Throug | Upstart Structured Pass-Through Trust Series 2022-4A                | CUSIP: 91680YBE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    203083 | PA      | $203440.98    | 0.03%             | 2030-11-15      | Fixed         | 8.54%                 | No            |                  2 | On Loan: No      |
| Upstart Pass Through Trust     | Upstart Pass-Through Trust Series 2022-ST3                          | CUSIP: 91681EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    259285 | PA      | $258330.29    | 0.03%             | 2030-05-20      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2025-1                                 | CUSIP: 91684PAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1753879 | PA      | $1762433.60   | 0.24%             | 2035-04-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo | Velocity Commercial Capital Loan Trust 2021-4                       | CUSIP: 92258DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    852049 | PA      | $743350.71    | 0.10%             | 2051-12-26      | Variable      | 2.52%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo | Velocity Commercial Capital Loan Trust 2021-3                       | CUSIP: 92258RAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1608194 | PA      | $1384752.88   | 0.18%             | 2051-10-25      | Variable      | 1.96%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo | Velocity Commercial Capital Loan Trust 2021-2                       | CUSIP: 92259MAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2549966 | PA      | $2241884.04   | 0.30%             | 2051-08-25      | Variable      | 1.52%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                | Venture 32 CLO Ltd                                                  | CUSIP: 92325QAA5<br>LEI: 549300UP09C89Q3HWD39 | Long             | ABS-CBDO         | CORP              | KY        |   1127088 | PA      | $1128400.84   | 0.15%             | 2031-07-18      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC         | Venture Global LNG Inc                                              | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    650000 | PA      | $669987.50    | 0.09%             | 2028-06-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2022-5                                   | CUSIP: 924921AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    780626 | PA      | $766558.32    | 0.10%             | 2067-04-25      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| Veros Auto Receivables Trust   | Veros Auto Receivables Trust 2024-1                                 | CUSIP: 92512WAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    920000 | PA      | $942282.03    | 0.13%             | 2028-12-15      | Fixed         | 7.57%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2021-8                                   | CUSIP: 92538GAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1271397 | PA      | $1154313.20   | 0.15%             | 2066-11-25      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2021-4                                   | CUSIP: 92538HAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1291087 | PA      | $1093258.77   | 0.15%             | 2066-07-25      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2023-3                                   | CUSIP: 92539GAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    547426 | PA      | $553007.37    | 0.07%             | 2068-03-25      | Variable      | 6.74%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co Inc                               | CUSIP: 92564RAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    927000 | PA      | $918200.71    | 0.12%             | 2027-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co Inc                               | CUSIP: 92564RAH8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1573000 | PA      | $1574033.11   | 0.21%             | 2026-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co Inc                               | CUSIP: 92564RAK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $500127.47    | 0.07%             | 2028-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Visio Trust                    | Visio 2021-1R Trust                                                 | CUSIP: 92837UAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    962477 | PA      | $905941.01    | 0.12%             | 2056-05-25      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2024-CES1                          | CUSIP: 92839HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    868522 | PA      | $888546.65    | 0.12%             | 2054-05-25      | Variable      | 6.68%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                            | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99246.23     | 0.01%             | 2027-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                            | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2745000 | PA      | $2765571.03   | 0.37%             | 2026-12-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2024-CES3                          | CUSIP: 92841WAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    846489 | PA      | $859067.86    | 0.11%             | 2055-01-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust Series 2024-CES2                   | CUSIP: 92841YAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    374122 | PA      | $377168.17    | 0.05%             | 2054-10-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust Series 2024-CES2                   | CUSIP: 92841YAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2006312.00   | 0.27%             | 2054-10-25      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2025-CES1                          | CUSIP: 92842DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2626766 | PA      | $2673984.30   | 0.36%             | 2055-04-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2025-CES1                          | CUSIP: 92842DAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3069000 | PA      | $3100638.32   | 0.41%             | 2055-04-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2025-CES3                          | CUSIP: 92842MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2004720.00   | 0.27%             | 2055-11-25      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2025-CES2                          | CUSIP: 92842UAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3962810 | PA      | $3997226.50   | 0.53%             | 2055-08-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2013-2 Ltd                                                 | CUSIP: 92916WAA7<br>LEI: 5493007ASGBOUR3XJY69 | Long             | ABS-CBDO         | CORP              | KY        |    182935 | PA      | $182534.10    | 0.02%             | 2031-04-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2025-VTT                      | CUSIP: 94990GAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4012428.00   | 0.54%             | 2038-03-15      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT       | Western Midstream Operating LP                                      | CUSIP: 958254AH7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    900000 | PA      | $902228.89    | 0.12%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT       | Western Midstream Operating LP                                      | CUSIP: 958254AK0<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2167070.63   | 0.29%             | 2028-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable | Westlake Automobile Receivables Trust 2025-2                        | CUSIP: 96041KAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2997739.20   | 0.40%             | 2028-09-15      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Winwater Mortgage Loan Trust   | WinWater Mortgage Loan Trust 2015-A                                 | CUSIP: 97653BAZ4<br>LEI: 549300XEB1FUZ3CHE748 | Long             | ABS-MBS          | CORP              | US        |   5018442 | PA      | $63995.17     | 0.01%             | 2045-06-20      | Variable      | 0.35%                 | No            |                  2 | On Loan: No      |
| N/A                            | US 2YR NOTE (CBT) Dec25                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -159 | NC      | $35888.74     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | ERIS SOFR 3yr     Dec22                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -293 | NC      | $387433.90    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | ERIS SOFR 4yr     Dec22                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -213 | NC      | $342333.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-29

**Name of Applicant:** Angel Oak Funds Trust

**Signature:** /s/ Michael Colombo

**Name of Signer:** Michael Colombo

**Title:** Secretary