# EDGAR Filing Document

**Accession Number:** 0001612930
**File Stem:** 0001193125-26-285141
**Filing Date:** 2026-6
**Character Count:** 253997
**Document Hash:** d81ebdcbe179b333aae2f3435fb5fc6f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-285141.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0001193125-26-285141

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20270131

**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:** 261127680

**BUSINESS ADDRESS:**
- **STREET 1:** ANGEL OAK CAPITAL ADVISORS, LLC
- **STREET 2:** 980 HAMMOND DRIVE, SUITE 200
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30328
- **BUSINESS PHONE:** 404-953-4900

**MAIL ADDRESS:**
- **STREET 1:** ANGEL OAK CAPITAL ADVISORS, LLC
- **STREET 2:** 980 HAMMOND DRIVE, SUITE 200
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30328

## Series and Classes Contracts Data

### Angel Oak UltraShort Income ETF (Series ID: S000077754)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000238280 | Angel Oak UltraShort Income ETF | UYLD            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Angel Oak UltraShort Income ETF** | **Angel Oak UltraShort Income ETF** | **Angel Oak UltraShort Income ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **April 30, 2026 (Unaudited)** | **April 30, 2026 (Unaudited)** | **April 30, 2026 (Unaudited)** |
| **CORPORATE OBLIGATIONS - 23.6%** | **Par**  | **Value**  |
| **Basic Materials - 1.2%** | **Basic Materials - 1.2%** | **Basic Materials - 1.2%** |
|  ArcelorMittal SA, 6.55%, 11/29/2027 | $4800000 | $4940205 |
|  Cabot Corp., 3.40%, 09/15/2026 | 2250000 | 2237626 |
|  CVR Partners LP / CVR Nitrogen Finance Corp., 6.13%, 06/15/2028 <sup>(a)</sup> | 275000 | 275028 |
|  FMC Corp., 3.20%, 10/01/2026 | 3400000 | 3380492 |
|  International Flavors & Fragrances, Inc., 1.83%, 10/15/2027 <sup>(a)</sup> | 5650000 | 5425199 |
|  Methanex Corp., 5.13%, 10/15/2027 | 350000 | 350372 |
|  Mosaic Global Holdings, Inc., 7.30%, 01/15/2028 | 950000 | 989614 |
|  |  | 17598536 |
| **Communications - 0.3%** | **Communications - 0.3%** | **Communications - 0.3%** |
|  Directv Financing LLC / Directv Financing Co.-Obligor, Inc., 5.88%, 08/15/2027 <sup>(a)</sup> | 328000 | 328448 |
|  Expedia Group, Inc., 4.63%, 08/01/2027 | 4217000 | 4223879 |
|  |  | 4552327 |
| **Consumer, Cyclical - 4.1%** | **Consumer, Cyclical - 4.1%** | **Consumer, Cyclical - 4.1%** |
|  American Honda Finance Corp., 4.55%, 07/09/2027 | 6735000 | 6743242 |
|  AutoNation, Inc., 1.95%, 08/01/2028 | 5381000 | 5080770 |
|  BorgWarner, Inc., 2.65%, 07/01/2027 | 3960000 | 3882837 |
|  Carnival Corp., 4.00%, 08/01/2028 <sup>(a)</sup> | 6380000 | 6233070 |
|  Delta Air Lines, Inc., 4.95%, 07/10/2028 | 5210000 | 5241997 |
|  Ford Motor Credit Co. LLC, 2.90%, 02/16/2028 | 4800000 | 4621645 |
|  General Motors Co., 5.35%, 04/15/2028 | 1070000 | 1085177 |
|  General Motors Financial Co., Inc., 2.40%, 04/10/2028 | 3400000 | 3270493 |
|  Hyatt Hotels Corp., 5.75%, 01/30/2027 | 1275000 | 1286445 |
|  Meritage Homes Corp., 5.13%, 06/06/2027 | 2100000 | 2105104 |
|  Newell Brands, Inc., 8.50%, 06/01/2028 <sup>(a)</sup> | 800000 | 836472 |
|  Royal Caribbean Cruises Ltd., 5.50%, 04/01/2028 <sup>(a)</sup> | 5565000 | 5625916 |
| Southwest Airlines Co. | Southwest Airlines Co. | Southwest Airlines Co. |
| &nbsp;&nbsp; 3.00%, 11/15/2026 | 3800000 | 3773647 |
| &nbsp;&nbsp; 7.38%, 03/01/2027 | 890000 | 906916 |
| &nbsp;&nbsp; 4.38%, 11/15/2028 | 1410000 | 1400006 |
|  Toll Brothers Finance Corp., 4.88%, 03/15/2027 | 2153000 | 2158881 |
|  VOC Escrow Ltd., 5.00%, 02/15/2028 <sup>(a)</sup> | 6745000 | 6739796 |
|  |  | 60992414 |
| **Consumer, Non-cyclical - 2.6%** | **Consumer, Non-cyclical - 2.6%** | **Consumer, Non-cyclical - 2.6%** |
|  Ashtead Capital, Inc., 1.50%, 08/12/2026 <sup>(a)</sup> | 2608000 | 2585572 |
|  Campbell's Co., 5.20%, 03/19/2027 | 6370000 | 6418612 |
| Conagra Brands, Inc. | Conagra Brands, Inc. | Conagra Brands, Inc. |
| &nbsp;&nbsp; 1.38%, 11/01/2027 | 4090000 | 3899276 |
| &nbsp;&nbsp; 7.00%, 10/01/2028 | 1560000 | 1636334 |
|  Global Payments, Inc., 4.95%, 08/15/2027 | 2977000 | 2986598 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. |
| &nbsp;&nbsp; 3.13%, 03/15/2027 | 525000 | 520137 |
| &nbsp;&nbsp; 5.20%, 06/01/2028 | 2050000 | 2078027 |
|  Keurig Dr Pepper, Inc., 5.10%, 03/15/2027 | 5815000 | 5846757 |
| Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. |
| &nbsp;&nbsp; 3.00%, 06/01/2026 | 4800000 | 4794449 |
| &nbsp;&nbsp; 3.88%, 05/15/2027 | 1500000 | 1493289 |
|  Universal Health Services, Inc., 1.65%, 09/01/2026 | 5565000 | 5515245 |
|  |  | 37774296 |
| **Energy - 2.0%** | **Energy - 2.0%** | **Energy - 2.0%** |
| Continental Resources, Inc. | Continental Resources, Inc. | Continental Resources, Inc. |
| &nbsp;&nbsp; 2.27%, 11/15/2026 <sup>(a)</sup> | 3400000 | 3362569 |
| &nbsp;&nbsp; 4.38%, 01/15/2028 | 2720000 | 2707326 |
|  Enbridge, Inc., 4.60%, 06/20/2028 | 2080000 | 2087553 |
| EQT Corp. | EQT Corp. | EQT Corp. |
| &nbsp;&nbsp; 3.13%, 05/15/2026 <sup>(a)</sup> | 1907000 | 1905539 |
| &nbsp;&nbsp; 3.90%, 10/01/2027 | 579000 | 573322 |
|  Occidental Petroleum Corp., 3.20%, 08/15/2026 | 3100000 | 3091054 |
|  ONEOK, Inc., 4.55%, 07/15/2028 | 2000000 | 2001095 |
|  Onslow Bay Mortgage Loan Trust, 3.00%, 02/15/2027 | 1970000 | 1948047 |
|  PBF Holding Co. LLC / PBF Finance Corp., 6.00%, 02/15/2028 | 800000 | 799725 |
|  Targa Resources Partners LP / Targa Resources Partners Finance Corp., 5.00%, 01/15/2028 | 5565000 | 5557865 |
|  Venture Global LNG, Inc., 8.13%, 06/01/2028 <sup>(a)</sup> | 800000 | 818941 |
|  Western Midstream Operating LP, 4.75%, 08/15/2028 | 4050000 | 4067843 |
|  |  | 28920879 |
| **Financial - 8.4%** | **Financial - 8.4%** | **Financial - 8.4%** |
|  AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 3.00%, 10/29/2028 | 5785000 | 5575959 |
|  Air Lease Corp., 1.88%, 08/15/2026 | 4800000 | 4762291 |
| Aircastle Ltd. | Aircastle Ltd. | Aircastle Ltd. |
| &nbsp;&nbsp; 2.85%, 01/26/2028 <sup>(a)</sup> | 3400000 | 3298749 |
| &nbsp;&nbsp; 6.50%, 07/18/2028 <sup>(a)</sup> | 1480000 | 1532341 |
|  Ally Financial, Inc., 2.20%, 11/02/2028 | 5210000 | 4919435 |
| Ares Capital Corp. | Ares Capital Corp. | Ares Capital Corp. |
| &nbsp;&nbsp; 7.00%, 01/15/2027 | 4000000 | 4053389 |
| &nbsp;&nbsp; 2.88%, 06/15/2027 | 335000 | 327024 |
| &nbsp;&nbsp; 2.88%, 06/15/2028 | 1785000 | 1704311 |
| Athene Global Funding | Athene Global Funding | Athene Global Funding |
| &nbsp;&nbsp; 5.52%, 03/25/2027 <sup>(a)</sup> | 2779000 | 2803448 |
| &nbsp;&nbsp; 4.83%, 05/09/2028 <sup>(a)</sup> | 3591000 | 3582902 |
| Avolon Holdings Funding Ltd. | Avolon Holdings Funding Ltd. | Avolon Holdings Funding Ltd. |
| &nbsp;&nbsp; 2.53%, 11/18/2027 <sup>(a)</sup> | 2005000 | 1943581 |
| &nbsp;&nbsp; 2.75%, 02/21/2028 <sup>(a)</sup> | 1585000 | 1531285 |
| &nbsp;&nbsp; 6.38%, 05/04/2028 <sup>(a)</sup> | 2610000 | 2688965 |
|  Banco Santander SA, 3.80%, 02/23/2028 | 1965000 | 1940558 |
|  Barclays PLC, 5.20%, 05/12/2026 | 5105000 | 5105954 |
|  Blackstone Mortgage Trust, Inc., 3.75%, 01/15/2027 <sup>(a)</sup> | 800000 | 790609 |
|  Burford Capital Global Finance LLC, 6.25%, 04/15/2028 <sup>(a)</sup> | 730000 | 712097 |
| Citigroup, Inc., 4.45%, 09/29/2027 | 6330000 | 6333648 |
|  Comerica, Inc., 3.80%, 07/22/2026 | 3400000 | 3392597 |
|  Cooperatieve Rabobank UA, 3.75%, 07/21/2026 | 4880000 | 4871311 |
| Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. |
| &nbsp;&nbsp; 2.90%, 03/15/2027 | 330000 | 325572 |
| &nbsp;&nbsp; 3.80%, 02/15/2028 | 6045000 | 5963985 |
|  Freedom Mortgage Corp., 6.63%, 01/15/2027 <sup>(a)</sup> | 800000 | 799688 |
|  GGAM Finance Ltd., 8.00%, 02/15/2027 <sup>(a)</sup> | 250000 | 251581 |
|  Global Aircraft Leasing Co. Ltd., 8.75%, 09/01/2027 <sup>(a)</sup> | 850000 | 863227 |
|  goeasy Ltd., 4.38%, 05/01/2026 <sup>(a)</sup> | 260000 | 260000 |
|  Golub Capital BDC, Inc., 2.05%, 02/15/2027 | 3370000 | 3285549 |
|  HAT Holdings I LLC / HAT Holdings II LLC, 3.38%, 06/15/2026 <sup>(a)</sup> | 2885000 | 2879179 |
|  Host Hotels & Resorts LP, 4.25%, 12/15/2028 | 5731000 | 5676455 |
|  Jefferies Finance LLC / JFIN Co.-Issuer Corp., 5.00%, 08/15/2028 <sup>(a)</sup> | 610000 | 585557 |
|  Jefferies Financial Group, Inc., 6.45%, 06/08/2027 | 2505000 | 2551835 |
|  Jefferson Capital Holdings LLC, 6.00%, 08/15/2026 <sup>(a)</sup> | 800000 | 798712 |
|  KeyBank NA, 3.40%, 05/20/2026 | 1915000 | 1913733 |
|  Keybank National Association, 6.95%, 02/01/2028 | 6755000 | 7011869 |
| LPL Holdings, Inc. | LPL Holdings, Inc. | LPL Holdings, Inc. |
| &nbsp;&nbsp; 5.70%, 05/20/2027 | 2410000 | 2436301 |
| &nbsp;&nbsp; 4.63%, 11/15/2027 <sup>(a)</sup> | 2800000 | 2787731 |
|  Macquarie Airfinance Holdings Ltd., 5.20%, 03/27/2028 <sup>(a)</sup> | 5210000 | 5234372 |
|  Manufacturers & Traders Trust Co., 3.40%, 08/17/2027 | 500000 | 492989 |
|  OneMain Finance Corp., 3.50%, 01/15/2027 | 400000 | 395060 |
|  PRA Group, Inc., 8.38%, 02/01/2028 <sup>(a)</sup> | 800000 | 813121 |
|  Radian Group, Inc., 4.88%, 03/15/2027 | 3350000 | 3351789 |
|  Starwood Property Trust, Inc., 4.38%, 01/15/2027 <sup>(a)</sup> | 300000 | 299417 |
|  Sumisho Air Lease Corp., 3.63%, 04/01/2027 | 2000000 | 1977319 |
|  Synchrony Bank, 5.63%, 08/23/2027 | 3425000 | 3456007 |
|  United Wholesale Mortgage LLC, 5.75%, 06/15/2027 <sup>(a)</sup> | 400000 | 398612 |
|  Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC, 4.75%, 04/15/2028 <sup>(a)</sup> | 200000 | 199389 |
| VICI Properties LP / VICI Note Co., Inc. | VICI Properties LP / VICI Note Co., Inc. | VICI Properties LP / VICI Note Co., Inc. |
| &nbsp;&nbsp; 5.75%, 02/01/2027 <sup>(a)</sup> | 580000 | 583010 |
| &nbsp;&nbsp; 3.75%, 02/15/2027 <sup>(a)</sup> | 5565000 | 5526368 |
|  |  | 122988881 |
| **Industrial - 2.9%** | **Industrial - 2.9%** | **Industrial - 2.9%** |
| Arrow Electronics, Inc. | Arrow Electronics, Inc. | Arrow Electronics, Inc. |
| &nbsp;&nbsp; 7.50%, 01/15/2027 | 1100000 | 1117202 |
| &nbsp;&nbsp; 3.88%, 01/12/2028 | 5045000 | 4986591 |
|  Avnet, Inc., 6.25%, 03/15/2028 | 5511000 | 5660734 |
|  Black & Decker Holdings, Inc., 7.05%, 07/01/2028 <sup>(a)</sup> | 3950000 | 4082904 |
|  Boeing Co., 3.10%, 05/01/2026 | 832000 | 832000 |
|  Clydesdale Acquisition Holdings, Inc., 6.63%, 04/15/2029 <sup>(a)</sup> | 735000 | 724031 |
|  Flex Ltd., 6.00%, 01/15/2028 | 5147000 | 5263309 |
| GATX Corp. | GATX Corp. | GATX Corp. |
| &nbsp;&nbsp; 3.25%, 09/15/2026 | 1298000 | 1293331 |
| &nbsp;&nbsp; 3.50%, 03/15/2028 | 670000 | 658578 |
|  Hexcel Corp., 4.20%, 02/15/2027 | 990000 | 988227 |
|  Jabil, Inc., 3.95%, 01/12/2028 | 1345000 | 1332827 |
|  Masco Corp., 1.50%, 02/15/2028 | 844000 | 800847 |
|  MasTec, Inc., 4.50%, 08/15/2028 <sup>(a)</sup> | 5210000 | 5181598 |
|  Owens-Brockway Glass Container, Inc., 6.63%, 05/13/2027 <sup>(a)</sup> | 300000 | 301329 |
|  Penske Truck Leasing Co. LP / PTL Finance Corp., 5.55%, 05/01/2028 <sup>(a)</sup> | 2000000 | 2032473 |
|  Smyrna Ready Mix Concrete LLC, 6.00%, 11/01/2028 <sup>(a)</sup> | 850000 | 849905 |
|  XPO, Inc., 6.25%, 06/01/2028 <sup>(a)</sup> | 6760000 | 6857919 |
|  |  | 42963805 |
| **Technology - 1.1%** | **Technology - 1.1%** | **Technology - 1.1%** |
| CDW LLC / CDW Finance Corp. | CDW LLC / CDW Finance Corp. | CDW LLC / CDW Finance Corp. |
| &nbsp;&nbsp; 2.67%, 12/01/2026 | 2250000 | 2228034 |
| &nbsp;&nbsp; 4.25%, 04/01/2028 | 2650000 | 2621673 |
|  Fiserv, Inc., 2.25%, 06/01/2027 | 5650000 | 5516738 |
|  Oracle Corp., 2.30%, 03/25/2028 | 6100000 | 5825146 |
|  |  | 16191591 |
| **Utilities - 1.0%** | **Utilities - 1.0%** | **Utilities - 1.0%** |
|  National Fuel Gas Co., 5.50%, 10/01/2026 | 3350000 | 3365189 |
|  NRG Energy, Inc., 2.45%, 12/02/2027 <sup>(a)</sup> | 5860000 | 5664306 |
| Vistra Operations Co. LLC | Vistra Operations Co. LLC | Vistra Operations Co. LLC |
| &nbsp;&nbsp; 5.05%, 12/30/2026 <sup>(a)</sup> | 1450000 | 1456259 |
| &nbsp;&nbsp; 3.70%, 01/30/2027 <sup>(a)</sup> | 2530000 | 2517780 |
| &nbsp;&nbsp; 4.30%, 10/15/2028 <sup>(a)</sup> | 2165000 | 2140935 |
|  |  | 15144469 |
| **TOTAL CORPORATE OBLIGATIONS** (Cost $347,586,736) | **TOTAL CORPORATE OBLIGATIONS** (Cost $347,586,736) | 347127198 |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY - 23.1%** | **Par**  | **Value**  |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Series K-F100, Class AL, 3.90% (30 day avg SOFR US + 0.24%), 11/25/2027 | 3629839 | 3618394 |
| &nbsp;&nbsp; Series K-F100, Class AS, 3.83% (30 day avg SOFR US + 0.18%), 01/25/2028 | 3269411 | 3263029 |
| &nbsp;&nbsp; Series K-F101, Class AS, 3.85% (30 day avg SOFR US + 0.20%), 01/25/2031 | 69994 | 69352 |
| &nbsp;&nbsp; Series K-F102, Class AS, 3.85% (30 day avg SOFR US + 0.20%), 01/25/2031 | 25459157 | 25140612 |
| &nbsp;&nbsp; Series K-F103, Class AS, 3.89% (30 day avg SOFR US + 0.24%), 01/25/2031 | 8878433 | 8777610 |
| &nbsp;&nbsp; Series K-F104, Class AS, 3.90% (30 day avg SOFR US + 0.25%), 01/25/2031 | 2361257 | 2351215 |
| &nbsp;&nbsp; Series K-F105, Class AS, 3.90% (30 day avg SOFR US + 0.25%), 02/25/2031 | 10121695 | 10057017 |
| &nbsp;&nbsp; Series K-F106, Class AS, 3.90% (30 day avg SOFR US + 0.25%), 01/25/2031 | 4890759 | 4839117 |
| &nbsp;&nbsp; Series K-F108, Class AS, 3.90% (30 day avg SOFR US + 0.25%), 02/25/2031 | 4707005 | 4686478 |
| &nbsp;&nbsp; Series K-F109, Class AS, 3.89% (30 day avg SOFR US + 0.24%), 03/25/2031 | 271184 | 269527 |
| &nbsp;&nbsp; Series K-F111, Class AS, 3.89% (30 day avg SOFR US + 0.24%), 03/25/2031 | 6407357 | 6369201 |
| &nbsp;&nbsp; Series K-F112, Class AS, 3.88% (30 day avg SOFR US + 0.23%), 04/25/2031 | 4965191 | 4905247 |
| &nbsp;&nbsp; Series K-F113, Class AS, 3.88% (30 day avg SOFR US + 0.23%), 05/25/2028 | 4801456 | 4780119 |
| &nbsp;&nbsp; Series K-F114, Class AS, 3.87% (30 day avg SOFR US + 0.22%), 05/25/2031 | 7434820 | 7341304 |
| &nbsp;&nbsp; Series K-F115, Class AS, 3.86% (30 day avg SOFR US + 0.21%), 06/25/2031 | 4729329 | 4668652 |
| &nbsp;&nbsp; Series K-F117, Class AS, 3.89% (30 day avg SOFR US + 0.24%), 06/25/2031 | 2696503 | 2667351 |
| &nbsp;&nbsp; Series K-F118, Class AS, 3.85% (30 day avg SOFR US + 0.20%), 07/25/2028 | 3402264 | 3382670 |
| &nbsp;&nbsp; Series K-F119, Class AS, 3.86% (30 day avg SOFR US + 0.21%), 07/25/2031 | 9305158 | 9245996 |
| &nbsp;&nbsp; Series K-F120, Class AS, 3.85% (30 day avg SOFR US + 0.20%), 08/25/2031 | 21832652 | 21693971 |
| &nbsp;&nbsp; Series K-F121, Class AS, 3.83% (30 day avg SOFR US + 0.18%), 08/25/2028 | 6804766 | 6760447 |
| &nbsp;&nbsp; Series K-F122, Class AS, 3.84% (30 day avg SOFR US + 0.19%), 09/25/2031 | 5729771 | 5703574 |
| &nbsp;&nbsp; Series KF123, Class AS, 3.85% (30 day avg SOFR US + 0.20%), 09/25/2028 | 3247261 | 3226609 |
| &nbsp;&nbsp; Series KF124, Class AS, 3.87% (30 day avg SOFR US + 0.22%), 10/25/2031 | 3445516 | 3423316 |
| &nbsp;&nbsp; Series KF125, Class AS, 3.87% (30 day avg SOFR US + 0.22%), 10/25/2028 | 6533961 | 6495058 |
| &nbsp;&nbsp; Series KF126, Class AS, 3.89% (30 day avg SOFR US + 0.24%), 11/25/2031 | 4921696 | 4897924 |
| &nbsp;&nbsp; Series KF-127, Class AS, 3.86% (30 day avg SOFR US + 0.21%), 12/25/2028 | 23894332 | 23793450 |
| &nbsp;&nbsp; Series KF128, Class AS, 3.88% (30 day avg SOFR US + 0.23%), 12/25/2031 | 8610632 | 8537692 |
| &nbsp;&nbsp; Series KF129, Class AS, 3.90% (30 day avg SOFR US + 0.25%), 01/25/2029 | 8213309 | 8166230 |
| &nbsp;&nbsp; Series KF130, Class AS, 3.94% (30 day avg SOFR US + 0.29%), 01/25/2029 | 1679548 | 1676513 |
| &nbsp;&nbsp; Series KF132, Class AS, 4.04% (30 day avg SOFR US + 0.39%), 02/25/2032 | 4709177 | 4708677 |
| &nbsp;&nbsp; Series KF133, Class AS, 4.02% (30 day avg SOFR US + 0.37%), 02/25/2029 | 897957 | 895335 |
| &nbsp;&nbsp; Series KF134, Class AS, 4.06% (30 day avg SOFR US + 0.41%), 03/25/2032 | 18165682 | 18141867 |
| &nbsp;&nbsp; Series KF136, Class AS, 4.06% (30 day avg SOFR US + 0.41%), 04/25/2032 | 713542 | 711136 |
| &nbsp;&nbsp; Series KF141, Class AS, 4.22% (30 day avg SOFR US + 0.57%), 07/25/2032 | 834021 | 836889 |
| &nbsp;&nbsp; Series KF155, Class AS, 4.32% (30 day avg SOFR US + 0.67%), 02/25/2030 | 141962 | 142275 |
| &nbsp;&nbsp; Series KF160, Class AS, 4.35% (30 day avg SOFR US + 0.70%), 10/25/2030 | 360746 | 362821 |
| &nbsp;&nbsp; Series KF166, Class AS, 4.25% (30 day avg SOFR US + 0.60%), 01/25/2032 | 5000000 | 5008720 |
| &nbsp;&nbsp; Series KF169, Class AS, 4.21% (30 day avg SOFR US + 0.56%), 11/25/2035 | 10000000 | 10012480 |
| &nbsp;&nbsp; Series KF170, Class AS, 4.21% (30 day avg SOFR US + 0.56%), 11/25/2035 | 19999820 | 20024780 |
| &nbsp;&nbsp; Series KF171, Class AS, 4.21% (30 day avg SOFR US + 0.56%), 03/25/2036 | 15000000 | 15023415 |
| &nbsp;&nbsp; Series KF37, Class A, 4.13% (30 day avg SOFR US + 0.47%), 09/25/2027 | 643918 | 644386 |
| &nbsp;&nbsp; Series KF57, Class A, 4.31% (30 day avg SOFR US + 0.65%), 12/25/2028 | 129952 | 130508 |
| &nbsp;&nbsp; Series KF59, Class A, 4.31% (30 day avg SOFR US + 0.65%), 02/25/2029 | 699548 | 701485 |
| &nbsp;&nbsp; Series KF61, Class A, 4.30% (30 day avg SOFR US + 0.64%), 03/25/2029 | 535336 | 536820 |
| &nbsp;&nbsp; Series KF67, Class A, 4.29% (30 day avg SOFR US + 0.63%), 08/25/2029 | 235356 | 236152 |
| &nbsp;&nbsp; Series KF75, Class AS, 4.20% (SOFR 1M Historical Calendar Day Compounded + 0.55%), 12/25/2029 | 915302 | 917064 |
| &nbsp;&nbsp; Series KF81, Class AS, 4.05% (30 day avg SOFR US + 0.40%), 06/25/2027 | 1700549 | 1701797 |
| &nbsp;&nbsp; Series KF82, Class AS, 4.07% (30 day avg SOFR US + 0.42%), 06/25/2030 | 5246353 | 5231716 |
| &nbsp;&nbsp; Series KF85, Class AS, 3.98% (30 day avg SOFR US + 0.33%), 08/25/2030 | 819687 | 814677 |
| &nbsp;&nbsp; Series KF88, Class AL, 4.10% (30 day avg SOFR US + 0.44%), 09/25/2030 | 3468812 | 3463345 |
| &nbsp;&nbsp; Series KF91, Class AS, 4.03% (30 day avg SOFR US + 0.38%), 10/25/2030 | 2955785 | 2941917 |
| &nbsp;&nbsp; Series KF94, Class AL, 4.07% (30 day avg SOFR US + 0.41%), 11/25/2030 | 5331897 | 5313363 |
| &nbsp;&nbsp; Series KF96, Class AL, 4.03% (30 day avg SOFR US + 0.37%), 12/25/2030 | 137383 | 136674 |
| &nbsp;&nbsp; Series KF96, Class AS, 3.95% (30 day avg SOFR US + 0.30%), 11/25/2030 | 1699694 | 1685871 |
| &nbsp;&nbsp; Series KF97, Class AS, 3.90% (30 day avg SOFR US + 0.25%), 12/25/2030 | 3214778 | 3181640 |
| &nbsp;&nbsp; Series KF98, Class AL, 3.94% (30 day avg SOFR US + 0.28%), 12/25/2030 | 5064132 | 5018838 |
| &nbsp;&nbsp; Series KF98, Class AS, 3.86% (30 day avg SOFR US + 0.21%), 12/25/2030 | 5252135 | 5170364 |
| &nbsp;&nbsp; Series KF99, Class AS, 3.85% (30 day avg SOFR US + 0.20%), 12/25/2030 | 20272036 | 20018859 |
| &nbsp;&nbsp; Series KJ21, Class A2, 3.70%, 09/25/2026 | 55145 | 55037 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; Pool AN3381, 2.52%, 10/01/2026 | 890621 | 883499 |
| &nbsp;&nbsp; Series 2015-M10, Class A2, 3.09%, 04/25/2027 <sup>(c)</sup> | 2135103 | 2115806 |
| &nbsp;&nbsp; Series 2016-M9, Class A2, 2.29%, 06/25/2026 | 644930 | 643458 |
| &nbsp;&nbsp; Series 2017-M15, Class ATS2, 3.22%, 11/25/2027 <sup>(c)</sup> | 1144575 | 1133033 |
| &nbsp;&nbsp; Series 2019-M28, Class AV, 2.23%, 02/25/2027 | 1016290 | 1003395 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY** (Cost $340,643,241) | **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY** (Cost $340,643,241) | 340355774 |
| **ASSET-BACKED SECURITIES - 21.0%** | **Par**  | **Value**  |
| **Automobile - 10.9%** | **Automobile - 10.9%** | **Automobile - 10.9%** |
|  ACM Auto Trust, Series 2025-4A, Class A, 5.87%, 05/20/2030 <sup>(a)</sup> | 912293 | 914855 |
|  AgoraCapital Auto Securities Trust, Series 2025-1A, Class A, 6.40%, 11/25/2032 <sup>(a)</sup> | 715840 | 718175 |
| American Credit Acceptance Receivables Trust | American Credit Acceptance Receivables Trust | American Credit Acceptance Receivables Trust |
| &nbsp;&nbsp; Series 2023-3, Class D, 6.82%, 10/12/2029 <sup>(a)</sup> | 4470000 | 4551384 |
| &nbsp;&nbsp; Series 2024-1, Class D, 5.86%, 05/13/2030 <sup>(a)</sup> | 5000000 | 5055299 |
| &nbsp;&nbsp; Series 2024-2, Class D, 6.53%, 04/12/2030 <sup>(a)</sup> | 5500000 | 5600820 |
| &nbsp;&nbsp; Series 2026-1, Class A, 4.16%, 07/12/2029 <sup>(a)</sup> | 2108254 | 2108046 |
| &nbsp;&nbsp; Series 2026-2, Class A, 4.32%, 05/08/2030 <sup>(a)</sup> | 8000000 | 8012792 |
|  AmeriCredit Automobile Receivables Trust, Series 2025-1, Class A2B, 4.19% (30 day avg SOFR US + 0.55%), 03/19/2029 <sup>(a)</sup> | 4556734 | 4561089 |
| Arivo Acceptance Auto Loan Receivables Trust | Arivo Acceptance Auto Loan Receivables Trust | Arivo Acceptance Auto Loan Receivables Trust |
| &nbsp;&nbsp; Series 2022-2A, Class A, 6.90%, 01/16/2029 <sup>(a)</sup> | 34975 | 35155 |
| &nbsp;&nbsp; Series 2024-1A, Class A, 6.46%, 04/17/2028 <sup>(a)</sup> | 72967 | 73203 |
| &nbsp;&nbsp; Series 2025-1A, Class A2, 4.92%, 05/15/2029 <sup>(a)</sup> | 835579 | 838312 |
| Avis Budget Car Rental LLC | Avis Budget Car Rental LLC | Avis Budget Car Rental LLC |
| &nbsp;&nbsp; Series 2021-2A, Class A, 1.66%, 02/20/2028 <sup>(a)</sup> | 5000000 | 4926261 |
| &nbsp;&nbsp; Series 2021-2A, Class B, 1.90%, 02/20/2028 <sup>(a)</sup> | 1333000 | 1313004 |
| &nbsp;&nbsp; Series 2023-3A, Class C, 7.05%, 02/22/2028 <sup>(a)</sup> | 800000 | 809451 |
| &nbsp;&nbsp; Series 2024-2A, Class B, 5.57%, 10/20/2028 <sup>(a)</sup> | 1500000 | 1517025 |
| Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust |
| &nbsp;&nbsp; Series 2024-1, Class D, 6.03%, 11/15/2029 | 4000000 | 4064896 |
| &nbsp;&nbsp; Series 2024-3, Class B, 5.37%, 10/16/2028 | 23548 | 23521 |
| &nbsp;&nbsp; Series 2026-1, Class A2, 4.10%, 07/17/2028 | 2000000 | 2000280 |
| &nbsp;&nbsp; Series 2026-2, Class A2, 4.24%, 09/15/2028 | 1000000 | 1000199 |
|  CarMax Auto Owner Trust, Series 2026-2, Class A2B, 3.64% (30 day avg SOFR US + 0.45%), 08/15/2029 | 2750000 | 2754652 |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust |
| &nbsp;&nbsp; Series 2021-N2, Class C, 1.07%, 03/10/2028 | 50980 | 50155 |
| &nbsp;&nbsp; Series 2021-N2, Class E, 2.90%, 03/10/2028 <sup>(a)</sup> | 1518559 | 1496128 |
| &nbsp;&nbsp; Series 2021-N3, Class C, 1.02%, 06/12/2028 | 16638 | 16277 |
| CPS Auto Trust | CPS Auto Trust | CPS Auto Trust |
| &nbsp;&nbsp; Series 2023-C, Class D, 6.77%, 10/15/2029 <sup>(a)</sup> | 7300000 | 7487020 |
| &nbsp;&nbsp; Series 2026-B, Class B, 4.59%, 12/16/2030 <sup>(a)</sup> | 1250000 | 1249769 |
| 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> | 2000000 | 1999935 |
| &nbsp;&nbsp; Series 2022-2A, Class D, 5.46%, 03/15/2028 <sup>(a)</sup> | 2259631 | 2266739 |
| &nbsp;&nbsp; Series 2023-2A, Class D, 6.62%, 02/15/2029 <sup>(a)</sup> | 1245000 | 1267399 |
| 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> | 2000000 | 1982626 |
| &nbsp;&nbsp; Series 2022-5A, Class D, 7.40%, 02/15/2029 | 3619701 | 3670252 |
| &nbsp;&nbsp; Series 2025-2A, Class B, 4.92%, 09/17/2029 | 1125000 | 1131261 |
| &nbsp;&nbsp; Series 2025-5A, Class A2, 4.38%, 06/15/2028 | 3808141 | 3811725 |
|  FinBe USA Trust, Series 2025-1A, Class A, 5.70%, 12/15/2028 <sup>(a)</sup> | 495560 | 495655 |
| 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> | 208508 | 206196 |
| &nbsp;&nbsp; Series 2021-4, Class D, 2.26%, 12/15/2027 <sup>(a)</sup> | 392000 | 382740 |
| &nbsp;&nbsp; Series 2023-3, Class C, 6.01%, 07/16/2029 <sup>(a)</sup> | 585000 | 585602 |
| GLS Auto Receivables Trust | GLS Auto Receivables Trust | GLS Auto Receivables Trust |
| &nbsp;&nbsp; Series 2022-2A, Class E, 5.50%, 06/15/2029 <sup>(a)</sup> | 2500000 | 2517099 |
| &nbsp;&nbsp; Series 2024-2A, Class D, 6.19%, 02/15/2030 <sup>(a)</sup> | 250000 | 254708 |
| &nbsp;&nbsp; Series 2026-1A, Class A2, 4.04%, 11/15/2028 <sup>(a)</sup> | 2000000 | 1998868 |
|  GM Financial Consumer Automobile Receivables Trust, Series 2026-2, Class A2B, 3.65% (30 day avg SOFR US + 0.40%), 05/16/2029 | 3000000 | 3002908 |
|  Huntington Bank Auto Credit-Linked Notes, Series 2024-1, Class B1, 6.15%, 05/20/2032 <sup>(a)</sup> | 178053 | 180481 |
|  Hyundai Auto Receivables Trust, Series 2023-A, Class A4, 4.48%, 07/17/2028 | 5673931 | 5680989 |
| Lendbuzz Securitization Trust | Lendbuzz Securitization Trust | Lendbuzz Securitization Trust |
| &nbsp;&nbsp; Series 2023-1A, Class A2, 6.92%, 08/15/2028 <sup>(a)</sup> | 80504 | 81261 |
| &nbsp;&nbsp; Series 2024-1A, Class A2, 6.19%, 08/15/2029 <sup>(a)</sup> | 932105 | 936221 |
| &nbsp;&nbsp; Series 2025-2A, Class A2, 5.18%, 05/15/2030 <sup>(a)</sup> | 401899 | 403478 |
| &nbsp;&nbsp; Series 2026-1A, Class A2, 4.68%, 07/15/2030 <sup>(a)</sup> | 909396 | 908525 |
| Lobel Automobile Receivables Trust | Lobel Automobile Receivables Trust | Lobel Automobile Receivables Trust |
| &nbsp;&nbsp; Series 2023-1, Class D, 8.00%, 03/15/2030 <sup>(a)</sup> | 3662548 | 3725476 |
| &nbsp;&nbsp; Series 2023-2, Class C, 10.04%, 06/15/2029 <sup>(a)</sup> | 1000000 | 1010477 |
| &nbsp;&nbsp; Series 2026-1, Class A, 4.88%, 10/16/2028 <sup>(a)</sup> | 3000000 | 3000301 |
|  Luxury Lease Partners Auto Lease Trust, Series 2024-4, Class A, 7.29%, 07/15/2030 <sup>(a)</sup> | 69829 | 70042 |
| Prestige Auto Receivables Trust | Prestige Auto Receivables Trust | Prestige Auto Receivables Trust |
| &nbsp;&nbsp; Series 2025-1A, Class B, 5.34%, 11/15/2028 <sup>(a)</sup> | 5000000 | 5015266 |
| &nbsp;&nbsp; Series 2025-1A, Class C, 5.52%, 02/15/2030 <sup>(a)</sup> | 5000000 | 5028292 |
| Research-Driven Pagaya Motor Asset Trust | Research-Driven Pagaya Motor Asset Trust | Research-Driven Pagaya Motor Asset Trust |
| &nbsp;&nbsp; Series 2022-3A, Class B, 6.58%, 11/25/2030 <sup>(a)</sup> | 395252 | 396905 |
| &nbsp;&nbsp; Series 2025-3A, Class A2, 5.15%, 02/27/2034 <sup>(a)</sup> | 4500000 | 4526673 |
| &nbsp;&nbsp; Series 2025-5A, Class A3, 4.84%, 06/26/2034 <sup>(a)</sup> | 3000000 | 3004190 |
| &nbsp;&nbsp; Series 2025-6A, Class A3, 5.01%, 08/25/2034 <sup>(a)</sup> | 2000000 | 1996984 |
| &nbsp;&nbsp; Series 2026-1A, Class A3, 4.86%, 01/25/2035 <sup>(a)</sup> | 2500000 | 2487298 |
| &nbsp;&nbsp; Series 2026-2A, Class A2, 4.84%, 02/26/2035 <sup>(a)</sup> | 5000000 | 5000442 |
| &nbsp;&nbsp; Series 2026-R1A, Class A, 5.66%, 07/25/2034 <sup>(a)</sup> | 4749180 | 4755707 |
| Santander Consumer USA Holdings, Inc. | Santander Consumer USA Holdings, Inc. | Santander Consumer USA Holdings, Inc. |
| &nbsp;&nbsp; Series 2025-4, Class A2, 4.28%, 01/15/2029 | 6666352 | 6673069 |
| &nbsp;&nbsp; Series 2026-1, Class A2, 4.04%, 03/15/2029 | 3000000 | 2999303 |
|  Strike Acceptance Auto Funding Trust, Series 2025-1A, Class A, 5.84%, 04/15/2032 <sup>(a)</sup> | 1763029 | 1764471 |
|  Toyota Auto Receivables Owner Trust, Series 2024-C, Class A3, 4.88%, 03/15/2029 | 2958950 | 2978050 |
|  Tricolor Auto Securitization Trust, Series 2024-2A, Class A, 6.36%, 12/15/2027 <sup>(a)</sup> | 372559 | 348888 |
|  Upgrade Auto Receivables Trust, Series 2025-1A, Class A2, 4.54%, 05/15/2029 <sup>(a)</sup> | 3145671 | 3147372 |
|  US Auto Funding Trust, Series 2022-1A, Class B, 5.13%, 12/15/2026 <sup>(a)</sup> | 44086 | 14250 |
|  Veros Automobile Receivables Trust, Series 2026-1, Class A, 4.53%, 08/15/2028 <sup>(a)</sup> | 1416535 | 1417051 |
| Westlake Automobile Receivables Trust | Westlake Automobile Receivables Trust | Westlake Automobile Receivables Trust |
| &nbsp;&nbsp; Series 2025-2A, Class A2B, 4.22% (30 day avg SOFR US + 0.58%), 09/15/2028 <sup>(a)</sup> | 1427158 | 1427973 |
| &nbsp;&nbsp; Series 2026-1A, Class A2A, 4.02%, 09/15/2028 <sup>(a)</sup> | 2000000 | 1999330 |
| &nbsp;&nbsp; Series 2026-1A, Class A2B, 4.17% (30 day avg SOFR US + 0.53%), 09/15/2028 <sup>(a)</sup> | 3000000 | 3002465 |
|  |  | 160732711 |
| **Consumer - 10.0%** | **Consumer - 10.0%** | **Consumer - 10.0%** |
|  ACHD Trust, Series 2025-DS1, Class A, 5.98%, 01/09/2034 <sup>(a)</sup> | 302823 | 303406 |
| ACHV ABS Trust | ACHV ABS Trust | ACHV ABS Trust |
| &nbsp;&nbsp; Series 2024-1PL, Class B, 6.34%, 04/25/2031 <sup>(a)</sup> | 210083 | 211736 |
| &nbsp;&nbsp; Series 2024-1PL, Class C, 6.42%, 04/25/2031 <sup>(a)</sup> | 306642 | 308756 |
| &nbsp;&nbsp; Series 2024-1PL, Class D, 7.29%, 04/25/2031 <sup>(a)</sup> | 2703876 | 2729330 |
| &nbsp;&nbsp; Series 2024-2PL, Class B, 5.43%, 10/27/2031 <sup>(a)</sup> | 280463 | 282222 |
| &nbsp;&nbsp; Series 2024-2PL, Class C, 5.72%, 10/27/2031 <sup>(a)</sup> | 1609633 | 1619680 |
| &nbsp;&nbsp; Series 2024-3AL, Class C, 5.68%, 12/26/2031 <sup>(a)</sup> | 718724 | 723716 |
| &nbsp;&nbsp; Series 2024-3AL, Class D, 6.75%, 12/26/2031 <sup>(a)</sup> | 2324632 | 2347292 |
|  Cherry Securitization Trust, Series 2025-1A, Class A, 6.13%, 11/15/2032 <sup>(a)</sup> | 2000000 | 2021704 |
| Marlette Funding Trust | Marlette Funding Trust | Marlette Funding Trust |
| &nbsp;&nbsp; Series 2023-1A, Class D, 8.15%, 04/15/2033 <sup>(a)</sup> | 5659799 | 5741104 |
| &nbsp;&nbsp; Series 2023-3A, Class D, 8.04%, 09/15/2033 <sup>(a)</sup> | 6201800 | 6323710 |
| &nbsp;&nbsp; Series 2023-4A, Class B, 8.15%, 12/15/2033 <sup>(a)</sup> | 1755000 | 1801428 |
| &nbsp;&nbsp; Series 2024-1A, Class C, 6.34%, 07/17/2034 <sup>(a)</sup> | 2800000 | 2818617 |
| &nbsp;&nbsp; Series 2025-1A, Class B, 4.95%, 07/16/2035 <sup>(a)</sup> | 2000000 | 2004131 |
|  Momnt Technologies Trust, Series 2023-1A, Class A, 6.92%, 03/20/2045 <sup>(a)</sup> | 107847 | 108026 |
| Oportun Financial Corp. | Oportun Financial Corp. | Oportun Financial Corp. |
| &nbsp;&nbsp; Series 2024-3, Class B, 5.48%, 08/15/2029 <sup>(a)</sup> | 1049693 | 1050393 |
| &nbsp;&nbsp; Series 2026-A, Class B, 5.06%, 01/09/2034 <sup>(a)</sup> | 1000000 | 997240 |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust |
| &nbsp;&nbsp; Series 2022-1, Class C, 4.89%, 10/15/2029 <sup>(a)</sup> | 4632344 | 4612941 |
| &nbsp;&nbsp; Series 2024-10, Class C, 5.99%, 06/15/2032 <sup>(a)</sup> | 2618965 | 2629161 |
| &nbsp;&nbsp; Series 2024-11, Class B, 5.64%, 07/15/2032 <sup>(a)</sup> | 1041101 | 1047079 |
| &nbsp;&nbsp; Series 2024-11, Class C, 5.87%, 07/15/2032 <sup>(a)</sup> | 586738 | 588660 |
| &nbsp;&nbsp; Series 2024-5, Class B, 6.60%, 10/15/2031 <sup>(a)</sup> | 761165 | 761780 |
| &nbsp;&nbsp; Series 2024-6, Class B, 6.59%, 11/15/2031 <sup>(a)</sup> | 824192 | 824826 |
| &nbsp;&nbsp; Series 2024-8, Class C, 6.03%, 01/15/2032 <sup>(a)</sup> | 416421 | 417559 |
| &nbsp;&nbsp; Series 2024-8, Class D, 6.53%, 01/15/2032 <sup>(a)</sup> | 745801 | 748295 |
| &nbsp;&nbsp; Series 2024-9, Class B, 5.31%, 03/15/2032 <sup>(a)</sup> | 2385087 | 2390692 |
| &nbsp;&nbsp; Series 2024-9, Class D, 6.17%, 03/15/2032 <sup>(a)</sup> | 674413 | 676933 |
| &nbsp;&nbsp; Series 2025-1, Class A2, 5.16%, 07/15/2032 <sup>(a)</sup> | 1951244 | 1958315 |
| &nbsp;&nbsp; Series 2025-1, Class B, 5.63%, 07/15/2032 <sup>(a)</sup> | 1697670 | 1702771 |
| &nbsp;&nbsp; Series 2025-2, Class A2, 4.96%, 10/15/2032 <sup>(a)</sup> | 3017111 | 3021884 |
| &nbsp;&nbsp; Series 2025-2, Class C, 5.64%, 10/15/2032 <sup>(a)</sup> | 1999790 | 2003535 |
| &nbsp;&nbsp; Series 2025-3, Class A2, 5.37%, 12/15/2032 <sup>(a)</sup> | 1104774 | 1111065 |
| &nbsp;&nbsp; Series 2025-4, Class B, 5.69%, 01/17/2033 <sup>(a)</sup> | 7999716 | 8032437 |
| &nbsp;&nbsp; Series 2025-4, Class C, 6.15%, 01/17/2033 <sup>(a)</sup> | 2999893 | 3022093 |
| &nbsp;&nbsp; Series 2025-5, Class A2, 5.11%, 03/15/2033 <sup>(a)</sup> | 5507437 | 5523184 |
| &nbsp;&nbsp; Series 2025-5, Class B, 5.44%, 03/15/2033 <sup>(a)</sup> | 6337255 | 6346940 |
| &nbsp;&nbsp; Series 2025-5, Class C, 5.64%, 03/15/2033 <sup>(a)</sup> | 3499865 | 3511040 |
| &nbsp;&nbsp; Series 2025-6, Class A2, 4.50%, 04/15/2033 <sup>(a)</sup> | 1999816 | 1995189 |
| &nbsp;&nbsp; Series 2025-7, Class A2, 4.53%, 05/15/2033 <sup>(a)</sup> | 9998217 | 9952060 |
| &nbsp;&nbsp; Series 2025-7, Class B, 5.06%, 05/15/2033 <sup>(a)</sup> | 134976 | 134062 |
| &nbsp;&nbsp; Series 2026-1, Class A2, 4.74%, 09/15/2033 <sup>(a)</sup> | 1500000 | 1498131 |
| &nbsp;&nbsp; Series 2026-1, Class B, 5.37%, 09/15/2033 <sup>(a)</sup> | 2000000 | 1994443 |
| &nbsp;&nbsp; Series 2026-R1, Class A, 4.71%, 12/15/2033 <sup>(a)</sup> | 3459334 | 3450662 |
| &nbsp;&nbsp; Series 2026-R1, Class B, 5.28%, 12/15/2033 <sup>(a)</sup> | 2250000 | 2242003 |
| &nbsp;&nbsp; Series 2026-R2, Class A2, 5.21%, 02/15/2034 <sup>(a)</sup> | 3000000 | 2999094 |
| Pagaya Technologies Ltd. | Pagaya Technologies Ltd. | Pagaya Technologies Ltd. |
| &nbsp;&nbsp; Series 2025-1, Class A, 5.72%, 01/20/2034 <sup>(a)</sup> | 5750000 | 5769759 |
| &nbsp;&nbsp; Series 2025-1, Class C, 6.30%, 01/20/2034 <sup>(a)</sup> | 1000000 | 1004112 |
| Reach Financial LLC | Reach Financial LLC | Reach Financial LLC |
| &nbsp;&nbsp; Series 2024-1A, Class B, 6.29%, 02/18/2031 <sup>(a)</sup> | 1089660 | 1095458 |
| &nbsp;&nbsp; Series 2026-1A, Class A, 4.32%, 02/15/2033 <sup>(a)</sup> | 1475524 | 1475285 |
|  Regional Management Issuance Trust, Series 2022-1, Class D, 6.72%, 03/15/2032 <sup>(a)</sup> | 1000000 | 1001657 |
|  SoFi Consumer Loan Program Trust, Series 2025-3, Class A, 4.47%, 08/15/2034 <sup>(a)</sup> | 1012252 | 1013956 |
|  Sotheby's Artfi Master Trust, Series 2026-1A, Class A2, 4.92% (3 mo. Term SOFR + 1.25%), 06/20/2033 <sup>(a)</sup> | 2000000 | 2003367 |
|  SpringCastle America LLC, Series 2020-AA, Class A, 1.97%, 09/25/2037 <sup>(a)</sup> | 571151 | 538477 |
|  Sunbit Asset Securitization Trust, Series 2025-1, Class A, 5.36%, 07/15/2030 <sup>(a)</sup> | 1500000 | 1501330 |
| Theorem Funding Trust | Theorem Funding Trust | Theorem Funding Trust |
| &nbsp;&nbsp; Series 2022-2A, Class B, 9.27%, 12/15/2028 <sup>(a)</sup> | 2105587 | 2108855 |
| &nbsp;&nbsp; Series 2022-3A, Class B, 8.95%, 04/15/2029 <sup>(a)</sup> | 1526215 | 1528307 |
| Upgrade Master Pass-Thru Trust | Upgrade Master Pass-Thru Trust | Upgrade Master Pass-Thru Trust |
| &nbsp;&nbsp; Series 2025-ST4, Class A, 5.50%, 08/16/2032 <sup>(a)</sup> | 573306 | 574521 |
| &nbsp;&nbsp; Series 2025-ST5, Class A, 4.79%, 09/15/2032 <sup>(a)</sup> | 1148310 | 1149690 |
| &nbsp;&nbsp; Series 2025-ST8, Class B, 5.07%, 12/15/2033 <sup>(a)</sup> | 2500000 | 2495202 |
| &nbsp;&nbsp; Series 2026-ST1, Class A, 4.24%, 03/15/2034 <sup>(a)</sup> | 876143 | 875164 |
|  Upgrade Receivables Trust, Series 2024-1A, Class D, 8.90%, 02/18/2031 <sup>(a)</sup> | 2250000 | 2323426 |
|  Upstart Pass-Through Trust Series, Series 2022-ST3, Class A, 4.30%, 05/20/2030 <sup>(a)</sup> | 116902 | 116684 |
| Upstart Securitization Trust | Upstart Securitization Trust | Upstart Securitization Trust |
| &nbsp;&nbsp; Series 2025-1, Class A, 5.45%, 04/20/2035 <sup>(a)</sup> | 1785617 | 1796889 |
| &nbsp;&nbsp; Series 2025-1, Class B, 6.33%, 04/20/2035 <sup>(a)</sup> | 1000000 | 1017764 |
| &nbsp;&nbsp; Series 2025-2, Class B, 5.62%, 06/20/2035 <sup>(a)</sup> | 4366000 | 4400598 |
| &nbsp;&nbsp; Series 2026-2, Class A2, 4.54%, 05/20/2036 <sup>(a)</sup> | 3000000 | 3001057 |
| &nbsp;&nbsp; Series 2026-2, Class B, 5.08%, 05/20/2036 <sup>(a)</sup> | 3000000 | 2995837 |
|  Upstart Structured Pass-Through Trust, Series 2022-2A, Class A, 4.25%, 06/17/2030 <sup>(a)</sup> | 269175 | 268691 |
|  |  | 146645411 |
| **Credit Card - 0.0% <sup>(e)</sup>** | **Credit Card - 0.0% <sup>(e)</sup>** | **Credit Card - 0.0% <sup>(e)</sup>** |
|  Mission Lane Credit Card Master Trust, Series 2025-C, Class A, 4.78%, 12/16/2030 <sup>(a)</sup> | 500000 | 499557 |
| **Equipment - 0.1%** | **Equipment - 0.1%** | **Equipment - 0.1%** |
|  Verizon Master Trust, Series 2023-4, Class A1B, 4.49% (30 day avg SOFR US + 0.85%), 06/20/2029 | 1293000 | 1294027 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $308,879,836) | **TOTAL ASSET-BACKED SECURITIES** (Cost $308,879,836) | 309171706 |
| **COLLATERALIZED LOAN OBLIGATIONS - 14.0%** | **Par**  | **Value**  |
|  Arbor Realty CLO Ltd., Series 2025-BTR1, Class A, 5.58% (1 mo. Term SOFR + 1.93%), 01/20/2041 <sup>(a)</sup> | 1000000 | 1004392 |
|  Ares CLO Ltd., Series 2016-41A, Class AR2, 5.00% (3 mo. Term SOFR + 1.33%), 04/15/2034 <sup>(a)</sup> | 9220000 | 9218571 |
| Barings Middle Market CLO Ltd. | Barings Middle Market CLO Ltd. | Barings Middle Market CLO Ltd. |
| &nbsp;&nbsp; Series 2023-IA, Class A1, 6.13% (3 mo. Term SOFR + 2.45%), 01/20/2036 <sup>(a)</sup> | 4838933 | 4851602 |
| &nbsp;&nbsp; Series 2023-IIA, Class A1R, 5.16% (3 mo. Term SOFR + 1.48%), 07/20/2034 <sup>(a)</sup> | 10000000 | 9997190 |
|  BCRED BSL Static CLO Ltd., Series 2025-1A, Class AR, 4.92% (3 mo. Term SOFR + 1.25%), 07/24/2035 <sup>(a)</sup> | 5071775 | 5074797 |
|  Black Diamond CLO Ltd., Series 2019-2A, Class A1AR, 4.99% (3 mo. Term SOFR + 1.32%), 07/23/2032 <sup>(a)</sup> | 3739202 | 3740436 |
| Blackrock CLO Ltd. | Blackrock CLO Ltd. | Blackrock CLO Ltd. |
| &nbsp;&nbsp; Series 2025-2A, Class A, 5.05% (3 mo. Term SOFR + 1.27%), 11/21/2033 <sup>(a)</sup> | 12000000 | 11992116 |
| &nbsp;&nbsp; Series 2025-2A, Class C, 6.13% (3 mo. Term SOFR + 2.35%), 11/21/2033 <sup>(a)</sup> | 4000000 | 4008708 |
| BlueMountain CLO Ltd. | BlueMountain CLO Ltd. | BlueMountain CLO Ltd. |
| &nbsp;&nbsp; Series 2017-2A, Class A2, 5.54% (3 mo. Term SOFR + 1.86%), 10/20/2030 <sup>(a)</sup> | 4500000 | 4502137 |
| &nbsp;&nbsp; Series 2018-22A, Class A2, 5.33% (3 mo. Term SOFR + 1.66%), 07/15/2031 <sup>(a)</sup> | 4500000 | 4499946 |
| &nbsp;&nbsp; Series 2018-3A, Class A1R, 4.86% (3 mo. Term SOFR + 1.19%), 10/25/2030 <sup>(a)</sup> | 1918787 | 1919265 |
| Cerberus Loan Funding LP | Cerberus Loan Funding LP | Cerberus Loan Funding LP |
| &nbsp;&nbsp; Series 2023-1A, Class AR, 0.00% (3 mo. Term SOFR + 1.60%), 03/22/2035 <sup>(a)(d)</sup> | 4000000 | 4000000 |
| &nbsp;&nbsp; Series 2024-1A, Class A, 5.57% (3 mo. Term SOFR + 1.90%), 04/15/2036 <sup>(a)</sup> | 8250000 | 8261707 |
|  CIFC Funding Ltd., Series 2017-4A, Class A2R, 5.48% (3 mo. Term SOFR + 1.81%), 10/24/2030 <sup>(a)</sup> | 5464882 | 5467500 |
|  Crestline Direct Lending CLO LP, Series 2024-1A, Class C, 5.97% (3 mo. Term SOFR + 2.30%), 01/15/2035 <sup>(a)</sup> | 3500000 | 3499884 |
|  Fortress Credit BSL Ltd., Series 2020-1A, Class A1AR, 4.78% (3 mo. Term SOFR + 1.10%), 10/20/2033 <sup>(a)</sup> | 4062282 | 4063229 |
| Fortress Credit Opportunities | Fortress Credit Opportunities | Fortress Credit Opportunities |
| &nbsp;&nbsp; Series 2025-31A, Class A1, 5.18% (3 mo. Term SOFR + 1.50%), 07/20/2033 <sup>(a)</sup> | 6602808 | 6599288 |
| &nbsp;&nbsp; Series 2025-35A, Class A1, 5.08% (3 mo. Term SOFR + 1.40%), 07/20/2033 <sup>(a)</sup> | 4686534 | 4681070 |
|  Gallatin CLO Ltd., Series 2017-1A, Class A1R, 5.02% (3 mo. Term SOFR + 1.35%), 07/15/2031 <sup>(a)</sup> | 910685 | 910891 |
| Golub Capital LLC | Golub Capital LLC | Golub Capital LLC |
| &nbsp;&nbsp; Series 2022-1A, Class BR, 5.67% (3 mo. Term SOFR + 2.00%), 07/25/2033 <sup>(a)</sup> | 11000000 | 10999901 |
| &nbsp;&nbsp; Series 2022-1A, Class CR, 6.42% (3 mo. Term SOFR + 2.75%), 07/25/2033 <sup>(a)</sup> | 5500000 | 5510884 |
|  Golub Capital Partners CLO Ltd., Series 2023-67A, Class A1, 6.16% (3 mo. Term SOFR + 2.50%), 05/09/2036 <sup>(a)</sup> | 7600000 | 7612236 |
|  Greywolf CLO Ltd., Series 2020-3RA, Class A1R2, 4.89% (3 mo. Term SOFR + 1.23%), 04/22/2033 <sup>(a)</sup> | 2128581 | 2129036 |
|  LJV I MM CLO LLC, Series 2022-1A, Class A1, 5.52% (3 mo. Term SOFR + 1.85%), 04/28/2034 <sup>(a)</sup> | 3296942 | 3300506 |
|  Marathon CLO Ltd., Series 2021-16A, Class A1AR, 4.78% (3 mo. Term SOFR + 1.11%), 04/15/2034 <sup>(a)</sup> | 3000000 | 2998062 |
| OZLM Ltd. | OZLM Ltd. | OZLM Ltd. |
| &nbsp;&nbsp; Series 2014-6A, Class B2S, 4.84%, 04/17/2031 <sup>(a)</sup> | 8906275 | 8890573 |
| &nbsp;&nbsp; Series 2019-24A, Class A1AR, 5.10% (3 mo. Term SOFR + 1.42%), 07/20/2032 <sup>(a)</sup> | 680066 | 680078 |
|  Race Point CLO Ltd., Series 2016-10A, Class B1R, 5.58% (3 mo. Term SOFR + 1.91%), 07/25/2031 <sup>(a)</sup> | 3000000 | 3003840 |
|  Rockford Tower CLO Ltd., Series 2019-2A, Class AR2, 4.79% (3 mo. Term SOFR + 1.13%), 08/20/2032 <sup>(a)</sup> | 3514184 | 3514883 |
|  Romark CLO LLC, Series 2021-4A, Class A1R, 4.82% (3 mo. Term SOFR + 1.14%), 07/10/2034 <sup>(a)</sup> | 4250000 | 4248432 |
| Shackleton CLO Ltd. | Shackleton CLO Ltd. | Shackleton CLO Ltd. |
| &nbsp;&nbsp; Series 2013-4RA, Class B, 5.83% (3 mo. Term SOFR + 2.16%), 04/13/2031 <sup>(a)</sup> | 5000000 | 5010485 |
| &nbsp;&nbsp; Series 2014-5RA, Class B, 5.62% (3 mo. Term SOFR + 1.96%), 05/07/2031 <sup>(a)</sup> | 3611972 | 3617943 |
| Sound Point CLO Ltd. | Sound Point CLO Ltd. | Sound Point CLO Ltd. |
| &nbsp;&nbsp; Series 2014-1RA, Class A, 5.09% (3 mo. Term SOFR + 1.41%), 07/18/2031 <sup>(a)</sup> | 1052020 | 1052436 |
| &nbsp;&nbsp; Series 2015-2A, Class ARRR, 5.15% (3 mo. Term SOFR + 1.47%), 07/20/2032 <sup>(a)</sup> | 3118331 | 3119647 |
|  Steele Creek CLO Ltd., Series 2019-1A, Class BRR, 5.42% (3 mo. Term SOFR + 1.75%), 04/15/2032 <sup>(a)</sup> | 15000000 | 15015780 |
| 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, 5.08% (3 mo. Term SOFR + 1.40%), 10/17/2031 <sup>(a)</sup> | 255261 | 255187 |
| &nbsp;&nbsp; Series 2019-2A, Class BRR, 5.38% (3 mo. Term SOFR + 1.70%), 10/17/2031 <sup>(a)</sup> | 1500000 | 1498016 |
| &nbsp;&nbsp; Series 2019-2A, Class DR, 7.69% (3 mo. Term SOFR + 4.01%), 10/17/2031 <sup>(a)</sup> | 3000000 | 2995503 |
|  Trinitas CLO Ltd., Series 2020-14A, Class A1R2, 4.77% (3 mo. Term SOFR + 1.10%), 01/25/2034 <sup>(a)</sup> | 7403434 | 7398970 |
|  Twin Brook CLO Ltd., Series 2024-2A, Class AR, 4.93% (3 mo. Term SOFR + 1.25%), 10/20/2035 <sup>(a)</sup> | 9000000 | 8927154 |
|  Upland CLO Ltd., Series 2016-1A, Class A2R, 5.59% (3 mo. Term SOFR + 1.91%), 04/20/2031 <sup>(a)</sup> | 1027706 | 1028440 |
|  Venture CLO Ltd., Series 2018-32A, Class A1, 5.04% (3 mo. Term SOFR + 1.36%), 07/18/2031 <sup>(a)</sup> | 374800 | 374879 |
|  Zais CLO Ltd., Series 2015-3A, Class A2R, 6.12% (3 mo. Term SOFR + 2.45%), 07/15/2031 <sup>(a)</sup> | 3897080 | 3908238 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $205,641,445) | **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $205,641,445) | 205383838 |
| **RESIDENTIAL MORTGAGE-BACKED SECURITIES - 13.0%** | **Par**  | **Value**  |
| A&D Mortgage LLC | A&D Mortgage LLC | A&D Mortgage LLC |
| &nbsp;&nbsp; Series 2026-NQM1, Class A1, 4.91%, 02/25/2071 <sup>(a)(c)</sup> | 2109677 | 2095188 |
| &nbsp;&nbsp; Series 2026-NQM1, Class A2, 5.11%, 02/25/2071 <sup>(a)(b)</sup> | 2845611 | 2820165 |
| &nbsp;&nbsp; Series 2026-NQM2, Class A2, 5.01%, 03/25/2071 <sup>(a)(b)</sup> | 1669345 | 1651793 |
| &nbsp;&nbsp; Series 2026-NQM3, Class A1, 5.08%, 04/25/2071 <sup>(a)(c)</sup> | 5750000 | 5759234 |
|  Adamas Trust, Inc., Series 2025-CP1, Class A1, 3.75%, 11/25/2069 <sup>(a)(c)</sup> | 1807369 | 1743151 |
|  ATLX Trust, Series 2024-RPL1, Class A1, 3.85%, 04/25/2064 <sup>(a)(b)</sup> | 862755 | 840714 |
| Barclays Mortgage Loan Trust | Barclays Mortgage Loan Trust | Barclays Mortgage Loan Trust |
| &nbsp;&nbsp; Series 2026-NQM2, Class A1, 4.70%, 12/25/2065 <sup>(a)(c)</sup> | 4879754 | 4838425 |
| &nbsp;&nbsp; Series 2026-NQM2, Class A3, 5.20%, 12/25/2065 <sup>(a)(b)</sup> | 2927853 | 2901817 |
| Bellemeade Re Ltd. | Bellemeade Re Ltd. | Bellemeade Re Ltd. |
| &nbsp;&nbsp; Series 2023-1, Class M1B, 7.90% (30 day avg SOFR US + 4.25%), 10/25/2033 <sup>(a)</sup> | 195850 | 199817 |
| &nbsp;&nbsp; Series 2025-1, Class M1A, 5.20% (30 day avg SOFR US + 1.55%), 10/25/2035 <sup>(a)</sup> | 1213034 | 1213456 |
| &nbsp;&nbsp; Series 2025-1, Class M1B, 6.15% (30 day avg SOFR US + 2.50%), 10/25/2035 <sup>(a)</sup> | 2000000 | 2010903 |
| &nbsp;&nbsp; Series 2025-1, Class M1C, 6.90% (30 day avg SOFR US + 3.25%), 10/25/2035 <sup>(a)</sup> | 3872000 | 3926846 |
| 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)(c)</sup> | 3938028 | 3673848 |
| &nbsp;&nbsp; Series 2022-NQM2, Class M1, 6.17%, 11/25/2061 <sup>(a)(c)</sup> | 3427000 | 3426068 |
| &nbsp;&nbsp; Series 2024-NQM4, Class A1A, 4.35%, 01/25/2060 <sup>(a)(b)</sup> | 1880240 | 1858926 |
| &nbsp;&nbsp; Series 2024-NQM4, Class A2, 4.35%, 01/25/2060 <sup>(a)(b)</sup> | 1678785 | 1661778 |
| &nbsp;&nbsp; Series 2024-NQM4, Class A3, 4.35%, 01/25/2060 <sup>(a)(b)</sup> | 839393 | 811447 |
| &nbsp;&nbsp; Series 2024-NQM8, Class A1B, 4.30%, 08/01/2053 <sup>(a)(b)</sup> | 1716102 | 1687508 |
| COLT Funding LLC | COLT Funding LLC | COLT Funding LLC |
| &nbsp;&nbsp; Series 2022-3, Class A1, 4.22%, 02/25/2067 <sup>(a)(c)</sup> | 643970 | 632297 |
| &nbsp;&nbsp; Series 2025-12, Class A1, 4.98%, 01/26/2071 <sup>(a)(c)</sup> | 973645 | 971876 |
|  COOPR Residential Mortgage Trust, Series 2025-CES3, Class A1A, 4.84%, 09/25/2060 <sup>(a)(b)</sup> | 7254017 | 7204113 |
|  Credit Suisse Mortgage Capital Certificates, Series 2022-ATH1, Class A1A, 3.87%, 01/25/2067 <sup>(a)(c)</sup> | 1887083 | 1845394 |
| Deephaven Residential Mortgage Trust | Deephaven Residential Mortgage Trust | Deephaven Residential Mortgage Trust |
| &nbsp;&nbsp; Series 2025-CES1, Class A1A, 5.22%, 10/25/2055 <sup>(a)(b)</sup> | 3084272 | 3080834 |
| &nbsp;&nbsp; Series 2025-INV1, Class A3, 5.39%, 11/25/2060 <sup>(a)(b)</sup> | 956856 | 952622 |
| FIGRE Trust | FIGRE Trust | FIGRE Trust |
| &nbsp;&nbsp; Series 2024-HE1, Class B, 6.51%, 03/25/2054 <sup>(a)(c)</sup> | 1749792 | 1786274 |
| &nbsp;&nbsp; Series 2024-SL1, Class A1, 5.75%, 07/25/2053 <sup>(a)(c)</sup> | 2502099 | 2574435 |
| &nbsp;&nbsp; Series 2025-FL1, Class A1, 5.27%, 07/25/2055 <sup>(a)(b)</sup> | 2169779 | 2170055 |
| &nbsp;&nbsp; Series 2025-HE6, Class A, 5.04%, 09/25/2055 <sup>(a)(c)</sup> | 899016 | 893626 |
| &nbsp;&nbsp; Series 2026-HE1, Class A, 4.98%, 01/25/2056 <sup>(a)(c)</sup> | 4336596 | 4301413 |
| GCAT Trust | GCAT Trust | GCAT Trust |
| &nbsp;&nbsp; Series 2021-NQM2, Class A2, 1.24%, 05/25/2066 <sup>(a)(c)</sup> | 1258931 | 1106463 |
| &nbsp;&nbsp; Series 2023-NQM2, Class A3, 6.60%, 11/25/2067 <sup>(a)(b)</sup> | 285814 | 284106 |
| GS Mortgage-Backed Securities Trust | GS Mortgage-Backed Securities Trust | GS Mortgage-Backed Securities Trust |
| &nbsp;&nbsp; Series 2025-HE1, Class A1, 5.20% (30 day avg SOFR US + 1.55%), 10/25/2055 <sup>(a)</sup> | 4958961 | 4975012 |
| &nbsp;&nbsp; Series 2025-HE2, Class A1, 5.20% (30 day avg SOFR US + 1.55%), 12/25/2065 <sup>(a)</sup> | 3508633 | 3524208 |
| &nbsp;&nbsp; Series 2026-AH1, Class A1A, 5.15% (30 day avg SOFR US + 1.50%), 07/25/2056 <sup>(a)</sup> | 7020384 | 7032234 |
| &nbsp;&nbsp; Series 2026-PJ6, Class A4, 5.50%, 09/25/2056 <sup>(a)(c)</sup> | 2500000 | 2501752 |
| JP Morgan Mortgage Trust | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust |
| &nbsp;&nbsp; Series 2023-HE1, Class A1, 5.39% (30 day avg SOFR US + 1.75%), 11/25/2053 <sup>(a)</sup> | 348989 | 349615 |
| &nbsp;&nbsp; Series 2025-12MPR, Class A1D, 5.06%, 06/25/2056 <sup>(a)(b)</sup> | 2935299 | 2909445 |
| &nbsp;&nbsp; Series 2025-CES7, Class A1A, 5.06%, 04/25/2056 <sup>(a)(b)</sup> | 3702721 | 3688707 |
| &nbsp;&nbsp; Series 2025-CES7, Class A1B, 5.21%, 04/25/2056 <sup>(a)(b)</sup> | 4628402 | 4612136 |
|  Morgan Stanley Residential Mortgage Loan Trust, Series 2025-SPL1, Class A3, 4.25%, 02/25/2065 <sup>(a)(b)</sup> | 1429997 | 1382804 |
|  New Residential Mortgage Loan Trust, Series 2022-NQM4, Class A3, 5.00%, 06/25/2062 <sup>(a)(b)</sup> | 1128495 | 1134205 |
|  Oaktown Re, Series 2021-2, Class M1B, 6.55% (30 day avg SOFR US + 2.90%), 04/25/2034 <sup>(a)</sup> | 745050 | 749136 |
| Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust |
| &nbsp;&nbsp; Series 2025-NQM23, Class A1, 4.87%, 10/25/2065 <sup>(a)(c)</sup> | 2712200 | 2703105 |
| &nbsp;&nbsp; Series 2026-HE1, Class A1A, 5.00% (30 day avg SOFR US + 1.35%), 02/25/2056 <sup>(a)</sup> | 8664480 | 8685763 |
| &nbsp;&nbsp; Series 2026-INV1, Class AF, 5.00% (30 day avg SOFR US + 1.35%), 02/25/2056, (6.00% Cap) <sup>(a)</sup> | 4867209 | 4874696 |
|  PMT Loan Trust, Series 2026-CNF2, Class A24, 5.00% (30 day avg SOFR US + 1.35%), 02/25/2057, (6.00% Cap) <sup>(a)</sup> | 2236652 | 2238279 |
|  Pretium Mortgage Credit Partners LLC, Series 2025-NPL9, Class A1, 5.39%, 08/25/2055 <sup>(a)(b)</sup> | 3677214 | 3684070 |
|  SAIF Securitization Trust, Series 2025-CES1, Class A1, 5.41%, 06/25/2065 <sup>(a)(b)</sup> | 4621482 | 4627558 |
| Saluda Grade Mortgage Funding LLC | Saluda Grade Mortgage Funding LLC | Saluda Grade Mortgage Funding LLC |
| &nbsp;&nbsp; Series 2026-HB1, Class A1B, 5.20% (1 mo. Term SOFR + 1.55%), 04/25/2056 <sup>(a)</sup> | 3701634 | 3707013 |
| &nbsp;&nbsp; Series 2026-NPL1, Class A1, 7.04%, 04/25/2031 <sup>(a)(b)</sup> | 5000000 | 5010465 |
|  Santander US Capital Markets LLC, Series 2025-CES1, Class A1A, 5.04%, 09/25/2055 <sup>(a)(b)</sup> | 2780986 | 2769654 |
|  Sequoia Mortgage Trust, Series 2023-4, Class A10, 5.69%, 11/25/2053 <sup>(a)(c)</sup> | 40538 | 40482 |
| Starwood Mortgage Residential Trust | Starwood Mortgage Residential Trust | Starwood Mortgage Residential Trust |
| &nbsp;&nbsp; Series 2021-2, Class A3, 1.43%, 05/25/2065 <sup>(a)(c)</sup> | 356651 | 341616 |
| &nbsp;&nbsp; Series 2021-SFR2, Class F, 6.62% (1 mo. Term SOFR + 2.96%), 01/17/2039 <sup>(a)</sup> | 158389 | 157961 |
| Towd Point Mortgage Trust | Towd Point Mortgage Trust | Towd Point Mortgage Trust |
| &nbsp;&nbsp; Series 2019-HY3, Class A1A, 4.77% (1 mo. Term SOFR + 1.11%), 10/25/2059 <sup>(a)</sup> | 275052 | 275439 |
| &nbsp;&nbsp; Series 2021-SJ2, Class A2, 2.50%, 12/25/2061 <sup>(a)(c)</sup> | 1500000 | 1402227 |
| &nbsp;&nbsp; Series 2025-CRM1, Class A1, 5.80%, 01/25/2065 <sup>(a)(b)</sup> | 2517717 | 2528840 |
| &nbsp;&nbsp; Series 2025-CRM1, Class A2B, 5.25%, 01/25/2065 <sup>(a)(b)</sup> | 6000000 | 5966108 |
| Verus Securitization Trust | Verus Securitization Trust | Verus Securitization Trust |
| &nbsp;&nbsp; Series 2022-3, Class A3, 4.13%, 02/25/2067 <sup>(a)(c)</sup> | 158081 | 149980 |
| &nbsp;&nbsp; Series 2025-12, Class A1, 4.96%, 12/25/2070 <sup>(a)(c)</sup> | 1454866 | 1452856 |
| 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)(b)</sup> | 2737500 | 2765367 |
| &nbsp;&nbsp; Series 2024-CES2, Class A1, 5.25%, 10/25/2054 <sup>(a)(b)</sup> | 619024 | 618757 |
| &nbsp;&nbsp; Series 2024-CES2, Class A2, 5.66%, 10/25/2054 <sup>(a)(b)</sup> | 2000000 | 2008120 |
| &nbsp;&nbsp; Series 2024-CES3, Class A1, 5.68%, 01/25/2055 <sup>(a)(b)</sup> | 698544 | 701853 |
| &nbsp;&nbsp; Series 2025-CES1, Class A1, 5.81%, 04/25/2055 <sup>(a)(b)</sup> | 2918188 | 2935488 |
| &nbsp;&nbsp; Series 2025-CES1, Class A2, 6.03%, 04/25/2055 <sup>(a)(b)</sup> | 3000000 | 3030256 |
| &nbsp;&nbsp; Series 2025-CES2, Class A1, 5.60%, 08/25/2055 <sup>(a)(b)</sup> | 9358244 | 9393764 |
| &nbsp;&nbsp; Series 2025-CES3, Class A1, 5.30%, 11/25/2055 <sup>(a)(b)</sup> | 8122444 | 8121436 |
| &nbsp;&nbsp; Series 2026-CES1, Class A1, 5.04%, 02/25/2056 <sup>(a)(b)</sup> | 6823463 | 6774688 |
| **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES** (Cost $190,539,507) | **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES** (Cost $190,539,507) | 190749687 |
| **RESIDENTIAL MORTGAGE-BACKED SECURITIES - U.S. GOVERNMENT AGENCY CREDIT RISK TRANSFER - 0.8%** | **Par**  | **Value**  |
| Connecticut Avenue Securities Trust | Connecticut Avenue Securities Trust | Connecticut Avenue Securities Trust |
| &nbsp;&nbsp; Series 2023-R08, Class 1M1, 5.15% (30 day avg SOFR US + 1.50%), 10/25/2043 <sup>(a)</sup> | 264022 | 264319 |
| &nbsp;&nbsp; Series 2024-R02, Class 1M1, 4.75% (30 day avg SOFR US + 1.10%), 02/25/2044 <sup>(a)</sup> | 478244 | 478319 |
| &nbsp;&nbsp; Series 2024-R03, Class 2M1, 4.80% (30 day avg SOFR US + 1.15%), 03/25/2044 <sup>(a)</sup> | 537269 | 537361 |
| &nbsp;&nbsp; Series 2025-R01, Class 1A1, 4.60% (30 day avg SOFR US + 0.95%), 01/25/2045 <sup>(a)</sup> | 1142873 | 1144044 |
| &nbsp;&nbsp; Series 2025-R03, Class 2A1, 5.10% (30 day avg SOFR US + 1.45%), 03/25/2045 <sup>(a)</sup> | 403430 | 405800 |
| 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>(c)</sup> | 42211 | 41139 |
| &nbsp;&nbsp; Series 2022-DNA3, Class M1B, 6.55% (30 day avg SOFR US + 2.90%), 04/25/2042 <sup>(a)</sup> | 4627000 | 4708321 |
| &nbsp;&nbsp; Series 2023-DNA1, Class M1A, 5.75% (30 day avg SOFR US + 2.10%), 03/25/2043 <sup>(a)</sup> | 932593 | 943656 |
| &nbsp;&nbsp; Series 2023-HQA2, Class M1A, 5.65% (30 day avg SOFR US + 2.00%), 06/25/2043 <sup>(a)</sup> | 230834 | 231070 |
| &nbsp;&nbsp; Series 2024-DNA1, Class M1, 5.00% (30 day avg SOFR US + 1.35%), 02/25/2044 <sup>(a)</sup> | 474391 | 474804 |
| &nbsp;&nbsp; Series 2024-DNA2, Class A1, 4.90% (30 day avg SOFR US + 1.25%), 05/25/2044 <sup>(a)</sup> | 689299 | 692395 |
| &nbsp;&nbsp; Series 2024-HQA2, Class M1, 4.85% (30 day avg SOFR US + 1.20%), 08/25/2044 <sup>(a)</sup> | 768441 | 769144 |
| &nbsp;&nbsp; Series 2025-HQA1, Class A1, 4.60% (30 day avg SOFR US + 0.95%), 02/25/2045 <sup>(a)</sup> | 1326875 | 1329040 |
| &nbsp;&nbsp; Series 2025-HQA1, Class M1, 4.80% (30 day avg SOFR US + 1.15%), 02/25/2045 <sup>(a)</sup> | 622245 | 622614 |
| **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES - U.S. GOVERNMENT AGENCY CREDIT RISK TRANSFER** (Cost $12,683,207) | **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES - U.S. GOVERNMENT AGENCY CREDIT RISK TRANSFER** (Cost $12,683,207) | 12642026 |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES - 0.8%** | **Par**  | **Value**  |
|  ACREC Trust, Series 2021-FL1, Class AS, 5.28% (1 mo. Term SOFR + 1.61%), 10/16/2036 <sup>(a)</sup> | 177975 | 178197 |
|  Barings Issuer LLC, Series 2026-SBP, Class A, 4.82%, 02/26/2059 <sup>(a)</sup> | 2992261 | 2966157 |
|  Commercial Mortgage Pass Through Certificates, Series 2025-SBX, Class B, 5.73%, 08/10/2041 <sup>(a)(c)</sup> | 3000000 | 2995260 |
|  KREF Ltd., Series 2021-FL2, Class A, 4.85% (1 mo. Term SOFR + 1.18%), 02/15/2039 <sup>(a)</sup> | 84927 | 85134 |
|  MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL7, Class AS, 5.23% (1 mo. Term SOFR + 1.56%), 10/16/2036 <sup>(a)</sup> | 3500000 | 3506034 |
|  NYC Commercial Mortgage Trust, Series 2025-28L, Class A, 4.82%, 11/05/2038 <sup>(a)(c)</sup> | 500000 | 498103 |
|  TPG Real Estate Finance Issuer Ltd., Series 2022-FL5, Class AS, 5.82% (1 mo. Term SOFR + 2.15%), 02/15/2039 <sup>(a)</sup> | 500000 | 500622 |
|  Wells Fargo Commercial Mortgage Trust, Series 2025-VTT, Class C, 6.03%, 03/15/2038 <sup>(a)(c)</sup> | 1000000 | 1002737 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $11,713,232) | **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $11,713,232) | 11732244 |
| **SHORT-TERM INVESTMENTS - 3.5%** | **Shares**  | **Value**  |
| **Money Market Funds – 3.5%** |  |  |
| First American Government Obligations Fund - Class U, 3.60% <sup>(f)</sup> | 50890537 | 50890537 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $50,890,537) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $50,890,537) | 50890537 |
| **TOTAL INVESTMENTS - 99.8% (**Cost $1,468,577,741**)** | **TOTAL INVESTMENTS - 99.8% (**Cost $1,468,577,741**)** | 1468053010 |
| Liabilities in Excess of Other Assets - 0.2% | Liabilities in Excess of Other Assets - 0.2% | 2647360 |
| **TOTAL NET ASSETS - 100.0%** |  | $1470700370 |
| Percentages are stated as a percent of net assets.<br> LP – Limited Partnership<br> PLC – Public Limited Company<br> SOFR - Secured Overnight Financing Rate | Percentages are stated as a percent of net assets.<br> LP – Limited Partnership<br> PLC – Public Limited Company<br> SOFR - Secured Overnight Financing Rate |  |

---

---

| |
|:---|
| 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 Adviser, under the procedures established by the Fund's Board of Trustees, unless otherwise denoted. As of April 30, 2026, the value of these securities total $795,596,728 or 54.1% of the Fund's net assets. |
| Step coupon bond. The rate disclosed is as of April 30, 2026. |
| 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 April 30, 2026. |
| Security or a portion of the security purchased on a when-issued or delayed delivery basis. |
| Represents less than 0.05% of net assets. |
| The rate shown represents the 7-day annualized yield as of April 30, 2026. |

---

------

---

| |
|:---|
| **Angel Oak UltraShort Income ETF** |
| **Schedule of Open Futures Contracts** |
| **April 30, 2026 (Unaudited)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Short Futures Contracts** | **Contracts Sold** | **Expiration Date** | **Notional Value** | **Value / Unrealized** <br> **Appreciation**<br> (Depreciation) |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 2 Year Notes | (113) | 06/30/2026 | $(23405125) | $201769 |

---

The average monthly notional value of short futures contracts during the period ended April 30, 2026, was $(35,678,082).

------

#### 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 measures 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 April 30, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets** | | | | |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Obligations | $– | $347127198 | $– | $347127198 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Commercial Mortgage-Backed Securities – U.S. Government Agency | – | 340355774 | – | 340355774 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 309171706 | – | 309171706 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 205383838 | – | 205383838 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Residential Mortgage-Backed Securities | – | 190749687 | – | 190749687 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Residential Mortgage-Backed Securities - U.S. Government Agency Credit Risk Transfer | – | 12642026 | – | 12642026 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Commercial Mortgage-Backed Securities | – | 11732244 | – | 11732244 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Short-Term Investments | 50890537 | – | – | 50890537 |
| **Total** | $50890537 | $1417162473 | $– | $1468053010 |
| **Other Financial Instruments** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts\* | $201769 | $– | $– | $201769 |
| \*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:** 980 Hammond Drive

  - **City:** Atlanta

  - **State:** GA

  - **Foreign country:** US

  - **Zip / Postal Code:** 30328

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

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

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

- **b. EDGAR series identifier (if any):** S000077754

- **c. LEI of Series:** 549300AEKI5OUZTQ9F54

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

- **a. Date of fiscal year-end:** 2027-01-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1478166882.87

**Total Liabilities:** $12568247.92

**Net Assets:** $1465598634.95

**Delayed Delivery Securities:** $3994000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 8305.414312624567 | **1-Year:** 115718.148293563600 | **5-Year:** 57852.687641178190 | **10-Year:** 1547.926615446096 | **30-Year:** 0.000000000000

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

- **3-Month:** 1413.527192593006 | **1-Year:** 7871.463752263981 | **5-Year:** 1873.021869356861 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238280 | 0.43%                | 0.06%                | 0.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $136627.17               | $1059979.44                                |
| Month 2  | $109381.41               | $-4788522.53                               |
| Month 3  | $96304.18                | $68429.05                                  |

**Designated Index Information**

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

- **Index Identifier:** N24PGXXGOK

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GCAT                           | GCAT 2021-NQM2 Trust                                                | CUSIP: 36166XAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1258931 | PA      | $1106462.56   | 0.08%             | 2066-05-25      | Variable      | 1.24%                 | No            |                  2 | On Loan: No      |
| GCAT                           | GCAT 2023-NQM2 Trust                                                | CUSIP: 36169DAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    285814 | PA      | $284106.03    | 0.02%             | 2067-11-25      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO              | General Motors Co                                                   | CUSIP: 37045VBC3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1085176.76   | 0.07%             | 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        |   3400000 | PA      | $3270493.18   | 0.22%             | 2028-04-10      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                             | CUSIP: 404119CP2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2078027.48   | 0.14%             | 2028-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HEXCEL CORP                    | Hexcel Corp                                                         | CUSIP: 428291AN8<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |    990000 | PA      | $988227.25    | 0.07%             | 2027-02-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP       | Host Hotels & Resorts LP                                            | CUSIP: 44107TBE5<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |   5731000 | PA      | $5676455.38   | 0.39%             | 2028-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP              | Hyatt Hotels Corp                                                   | CUSIP: 448579AQ5<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1286445.43   | 0.09%             | 2027-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| STARWOOD MORTGAGE RESIDENTIAL  | STAR 2021-SFR2 Trust                                                | CUSIP: 78474LAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    158389 | PA      | $157960.91    | 0.01%             | 2039-01-17      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2026-NPL1                   | CUSIP: 79581YAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5010465.00   | 0.34%             | 2031-04-25      | Variable      | 7.04%                 | 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        |   2780986 | PA      | $2769654.22   | 0.19%             | 2055-09-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2026-1                       | CUSIP: 80288FAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2999302.80   | 0.20%             | 2029-03-15      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2025-4                       | CUSIP: 802923AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6666352 | PA      | $6673068.62   | 0.46%             | 2029-01-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2023-4                                       | CUSIP: 81743JAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     40538 | PA      | $40481.67     | 0.00%             | 2053-11-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO LTD             | Shackleton 2014-V-R CLO Ltd                                         | CUSIP: 81881JAE2<br>LEI: 549300OM5GJJFIKCOZ48 | Long             | ABS-CBDO         | CORP              | KY        |   3611972 | PA      | $3617942.73   | 0.25%             | 2031-05-07      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO LTD             | Shackleton 2013-IV-R CLO Ltd                                        | CUSIP: 81882HAE5<br>LEI: 5493000LHXWSIZGUY418 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5010485.00   | 0.34%             | 2031-04-13      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRU | SoFi Consumer Loan Program 2025-3 Trust                             | CUSIP: 83390JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1012252 | PA      | $1013956.16   | 0.07%             | 2034-08-15      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Sothebys ArtFi Master Trust    | Sotheby's Artfi Master Trust                                        | CUSIP: 83589DAB2<br>LEI: 9845002FA850DM72BA31 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2003367.20   | 0.14%             | 2033-06-20      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD            | Sound Point CLO V-R LTD                                             | CUSIP: 83607EAA0<br>LEI: 549300UPX3H8ENJXHI23 | Long             | ABS-CBDO         | CORP              | KY        |   1525415 | PA      | $1526017.89   | 0.10%             | 2031-07-18      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD            | Sound Point CLO IX Ltd                                              | CUSIP: 83609GBN4<br>LEI: 549300W2FX6HEXN27U70 | Long             | ABS-CBDO         | CORP              | KY        |   3118331 | PA      | $3119646.67   | 0.21%             | 2032-07-20      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO          | Southwest Airlines Co                                               | CUSIP: 844741AN8<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    890000 | PA      | $906915.61    | 0.06%             | 2027-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO          | Southwest Airlines Co                                               | CUSIP: 844741BC1<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3773647.42   | 0.26%             | 2026-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO          | Southwest Airlines Co                                               | CUSIP: 844741BL1<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1400006.48   | 0.10%             | 2028-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Springcastle SPV               | SpringCastle America Funding LLC                                    | CUSIP: 85022WAP9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    571151 | PA      | $538477.16    | 0.04%             | 2037-09-25      | Fixed         | 1.97%                 | 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        |    178053 | PA      | $180481.54    | 0.01%             | 2032-05-20      | Fixed         | 6.15%                 | 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        |    800000 | PA      | $799725.20    | 0.05%             | 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        |    800000 | PA      | $813120.80    | 0.06%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust                 | PMT Loan Trust 2026-CNF2                                            | CUSIP: 69393FBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2236652 | PA      | $2238278.55   | 0.15%             | 2057-02-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET       | Smyrna Ready Mix Concrete LLC                                       | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    850000 | PA      | $849904.72    | 0.06%             | 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      | $299417.25    | 0.02%             | 2027-01-15      | Fixed         | 4.38%                 | 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        |   5750000 | PA      | $5769759.30   | 0.39%             | 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        |   1000000 | PA      | $1004111.60   | 0.07%             | 2034-01-20      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2026-R1                                        | CUSIP: 694971AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3459334 | PA      | $3450661.76   | 0.24%             | 2033-12-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2026-R1                                        | CUSIP: 694971AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2242003.50   | 0.15%             | 2033-12-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2021-2                          | CUSIP: 85573HAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    356651 | PA      | $341615.59    | 0.02%             | 2065-05-25      | Variable      | 1.43%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable | Westlake Automobile Receivables Trust 2026-1                        | CUSIP: 96043BAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3002465.10   | 0.20%             | 2028-09-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| XPO INC                        | XPO Inc                                                             | CUSIP: 98379KAA0<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |   6760000 | PA      | $6857918.60   | 0.47%             | 2028-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ZAIS CLO 3, LTD                | Zais CLO 3 Ltd                                                      | CUSIP: 98887HAL8<br>LEI: 549300SYHU0CNKIXQ691 | Long             | ABS-CBDO         | CORP              | KY        |   3897080 | PA      | $3908237.77   | 0.27%             | 2031-07-15      | Floating      | 6.12%                 | 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        |   2999893 | PA      | $3022092.59   | 0.21%             | 2033-01-17      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                       | CUSIP: 709599BT0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2032473.40   | 0.14%             | 2028-05-01      | Fixed         | 5.55%                 | 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        |   5000000 | PA      | $5015266.00   | 0.34%             | 2028-11-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trus | Prestige Auto Receivables Trust 2025-1                              | CUSIP: 74113UAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5028292.00   | 0.34%             | 2030-02-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Theorem Funding Trust          | Theorem Funding Trust 2022-3                                        | CUSIP: 882925AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1526215 | PA      | $1528306.62   | 0.10%             | 2029-04-15      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| Theorem Funding Trust          | Theorem Funding Trust 2022-2                                        | CUSIP: 88339FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2105587 | PA      | $2108854.72   | 0.14%             | 2028-12-15      | Fixed         | 9.27%                 | No            |                  2 | On Loan: No      |
| TOLL BROS FINANCE CORP         | Toll Brothers Finance Corp                                          | CUSIP: 88947EAS9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2153000 | PA      | $2158880.92   | 0.15%             | 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        |    275052 | PA      | $275439.15    | 0.02%             | 2059-10-25      | Floating      | 4.77%                 | 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      | $1402227.15   | 0.10%             | 2061-12-25      | Variable      | 2.50%                 | 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        |    643970 | PA      | $632296.71    | 0.04%             | 2067-02-25      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2022-ATH1                                                      | CUSIP: 12660BAM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1887083 | PA      | $1845394.26   | 0.13%             | 2067-01-25      | Variable      | 3.87%                 | 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        |    275000 | PA      | $275027.56    | 0.02%             | 2028-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SUMISHO AIR LEASE CORP         | Sumisho Air Lease Corp                                              | CUSIP: 00912XAV6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1977318.78   | 0.13%             | 2027-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| SUMISHO AIR LEASE CORP         | Sumisho Air Lease Corp                                              | CUSIP: 00914AAM4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4762290.86   | 0.32%             | 2026-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2026-B                                   | CUSIP: 12676XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1249769.25   | 0.09%             | 2030-12-16      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust            | COMM 2025-SBX Mortgage Trust                                        | CUSIP: 20047UAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2995260.00   | 0.20%             | 2041-08-10      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Steele Creek CLO Ltd           | Steele Creek CLO 2019-1 LTD                                         | CUSIP: 85817BAS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  15000000 | PA      | $15015780.00  | 1.02%             | 2032-04-15      | Floating      | 5.42%                 | 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        |   1763029 | PA      | $1764470.93   | 0.12%             | 2032-04-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC             | Conagra Brands Inc                                                  | CUSIP: 205887AR3<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   1560000 | PA      | $1636333.72   | 0.11%             | 2028-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC             | Conagra Brands Inc                                                  | CUSIP: 205887CF7<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   4090000 | PA      | $3899275.98   | 0.27%             | 2027-11-01      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2024-R02                        | CUSIP: 20754GAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    478244 | PA      | $478319.14    | 0.03%             | 2044-02-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2025-R03                        | CUSIP: 20754VAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    403430 | PA      | $405799.85    | 0.03%             | 2045-03-25      | Floating      | 5.10%                 | 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        |    264022 | PA      | $264318.71    | 0.02%             | 2043-10-25      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Series 2025-R01                       | CUSIP: 20755JAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1142873 | PA      | $1144043.65   | 0.08%             | 2045-01-25      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2024-R03                        | CUSIP: 207941AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    537269 | PA      | $537360.96    | 0.04%             | 2044-03-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES          | Continental Resources Inc/OK                                        | CUSIP: 212015AS0<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   2720000 | PA      | $2707326.19   | 0.18%             | 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        |   3400000 | PA      | $3362568.55   | 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        |   4880000 | PA      | $4871310.67   | 0.33%             | 2026-07-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| COOPR Residential Mortgage Tru | COOPR Residential Mortgage Trust 2025-CES3                          | CUSIP: 216926AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7254017 | PA      | $7204112.57   | 0.49%             | 2060-09-25      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2023-C                                   | CUSIP: 223928AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7300000 | PA      | $7487020.16   | 0.51%             | 2029-10-15      | Fixed         | 6.77%                 | No            |                  2 | On Loan: No      |
| Crestline Direct Lending       | Crestline Direct Lending CLO I LP                                   | CUSIP: 22617HAE1<br>LEI: 25490073PT58MO8ZX412 | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3499884.50   | 0.24%             | 2035-01-15      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC               | Crown Castle Inc                                                    | CUSIP: 22822VAK7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   6045000 | PA      | $5963984.49   | 0.41%             | 2028-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                       | CUSIP: 172967KA8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6330000 | PA      | $6333648.36   | 0.43%             | 2027-09-29      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION         | Clydesdale Acquisition Holdings Inc                                 | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    735000 | PA      | $724031.37    | 0.05%             | 2029-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2025-12 Mortgage Loan Trust                                    | CUSIP: 19688UAD4<br>LEI: 213800A53WDNKWGEVL75 | Long             | ABS-MBS          | CORP              | US        |    973645 | PA      | $971875.78    | 0.07%             | 2071-01-26      | Variable      | 4.98%                 | 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        |   2259631 | PA      | $2266738.92   | 0.15%             | 2028-03-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD               | GGAM Finance Ltd                                                    | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    250000 | PA      | $251581.01    | 0.02%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC               | Crown Castle Inc                                                    | CUSIP: 22822VAZ4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    330000 | PA      | $325571.56    | 0.02%             | 2027-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2025-CES1                      | CUSIP: 24380WAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3084272 | PA      | $3080834.12   | 0.21%             | 2055-10-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2022-2                            | CUSIP: 36265NAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2517099.50   | 0.17%             | 2029-06-15      | Fixed         | 5.50%                 | 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        |   4958961 | PA      | $4975012.53   | 0.34%             | 2055-10-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2026-1                            | CUSIP: 36274AAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1998868.00   | 0.14%             | 2028-11-15      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2025-HE2                        | CUSIP: 362934AA9<br>LEI: 254900J0PZAB9KZBPX66 | Long             | ABS-MBS          | CORP              | US        |   3508633 | PA      | $3524208.25   | 0.24%             | 2065-12-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2025-INV1                      | CUSIP: 24382EAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    956856 | PA      | $952622.12    | 0.06%             | 2060-11-25      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC            | Delta Air Lines Inc                                                 | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   5210000 | PA      | $5241996.64   | 0.36%             | 2028-07-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2026-AH1                        | CUSIP: 362974AP2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7020384 | PA      | $7032233.83   | 0.48%             | 2056-07-25      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2026-PJ6                        | CUSIP: 362979AD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2501752.50   | 0.17%             | 2056-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC            | Global Payments Inc                                                 | CUSIP: 37940XAP7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   2977000 | PA      | $2986598.41   | 0.20%             | 2027-08-15      | Fixed         | 4.95%                 | 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        |    850000 | PA      | $863226.85    | 0.06%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2024-2                            | CUSIP: 37964VAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $254707.66    | 0.02%             | 2030-02-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term  | GM Financial Consumer Automobile Receivables Trust 2026-2           | CUSIP: 380143AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3002908.20   | 0.20%             | 2029-05-16      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                     | goeasy Ltd                                                          | CUSIP: 380355AF4<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    260000 | PA      | $260000.00    | 0.02%             | 2026-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL BDC              | Golub Capital BDC Inc                                               | CUSIP: 38173MAC6<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |   3370000 | PA      | $3285549.01   | 0.22%             | 2027-02-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners Short D | Golub Capital Partners Short Duration 2022-1                        | CUSIP: 38179FAU5<br>LEI: 2549003BCD47A99URJ88 | Long             | ABS-CBDO         | CORP              | US        |  11000000 | PA      | $10999901.00  | 0.75%             | 2033-07-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners Short D | Golub Capital Partners Short Duration 2022-1                        | CUSIP: 38179FAW1<br>LEI: 2549003BCD47A99URJ88 | Long             | ABS-CBDO         | CORP              | US        |   5500000 | PA      | $5510884.50   | 0.38%             | 2033-07-25      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd | Golub Capital Partners CLO 67M                                      | CUSIP: 38179PAA7<br>LEI: 2549002FTXMYDDCWWA09 | Long             | ABS-CBDO         | CORP              | US        |   7600000 | PA      | $7612236.00   | 0.52%             | 2036-05-09      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Greywolf CLO Ltd               | Greywolf CLO III Ltd                                                | CUSIP: 39809CAY0<br>LEI: 5493002TWMA4NNPZ2B66 | Long             | ABS-CBDO         | CORP              | KY        |   2128581 | PA      | $2129036.34   | 0.15%             | 2033-04-22      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                             | CUSIP: 404119CH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    525000 | PA      | $520136.54    | 0.04%             | 2027-03-15      | Fixed         | 3.12%                 | 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        |   2885000 | PA      | $2879179.40   | 0.20%             | 2026-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust 2023-A                               | CUSIP: 448979AE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5673931 | PA      | $5680989.15   | 0.39%             | 2028-07-17      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES       | International Flavors & Fragrances Inc                              | CUSIP: 459506AP6<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |   5650000 | PA      | $5425199.21   | 0.37%             | 2027-10-15      | Fixed         | 1.83%                 | 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        |   2737500 | PA      | $2765366.82   | 0.19%             | 2054-05-25      | Variable      | 6.68%                 | 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        |    698544 | PA      | $701852.72    | 0.05%             | 2055-01-25      | Variable      | 5.68%                 | 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        |   2918188 | PA      | $2935487.63   | 0.20%             | 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        |   3000000 | PA      | $3030255.60   | 0.21%             | 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        |   8122444 | PA      | $8121435.99   | 0.55%             | 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        |   9358244 | PA      | $9393764.00   | 0.64%             | 2055-08-25      | Variable      | 5.60%                 | 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        |   2000000 | PA      | $1999935.40   | 0.14%             | 2029-03-15      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust            | DT Auto Owner Trust 2023-2                                          | CUSIP: 23346CAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1245000 | PA      | $1267399.42   | 0.09%             | 2029-02-15      | Fixed         | 6.62%                 | 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        |   5071775 | PA      | $5074797.33   | 0.35%             | 2035-07-24      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Barings Middle Market CLO Ltd. | Barings Middle Market CLO 2023-I Ltd                                | CUSIP: 06763KAC3<br>LEI: 254900NXSC4FPWNV4296 | Long             | ABS-CBDO         | CORP              | BM        |   4838933 | PA      | $4851601.69   | 0.33%             | 2036-01-20      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Barings Middle Market CLO Ltd. | Barings Middle Market CLO 2023-II Ltd                               | CUSIP: 067934AJ8<br>LEI: 2549007Y0JXPKK7NLK37 | Long             | ABS-CBDO         | CORP              | BM        |  10000000 | PA      | $9997190.00   | 0.68%             | 2034-07-20      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re 2025-1 Ltd                                            | CUSIP: 07876NAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1213034 | PA      | $1213456.00   | 0.08%             | 2035-10-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                   | Enbridge Inc                                                        | CUSIP: 29250NCH6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2080000 | PA      | $2087553.10   | 0.14%             | 2028-06-20      | Fixed         | 4.60%                 | 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        |    328000 | PA      | $328448.38    | 0.02%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EQT CORP                       | EQT Corp                                                            | CUSIP: 26884LAF6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    579000 | PA      | $573322.53    | 0.04%             | 2027-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re 2025-1 Ltd                                            | CUSIP: 07876NAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2010902.80   | 0.14%             | 2035-10-25      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re 2025-1 Ltd                                            | CUSIP: 07876NAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3872000 | PA      | $3926846.11   | 0.27%             | 2035-10-25      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| EQT CORP                       | EQT Corp                                                            | CUSIP: 26884LAM1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1907000 | PA      | $1905538.95   | 0.13%             | 2026-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2025-5                          | CUSIP: 30166VAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3808141 | PA      | $3811724.66   | 0.26%             | 2028-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re 2023-1 Ltd                                            | CUSIP: 07876XAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    195850 | PA      | $199816.73    | 0.01%             | 2033-10-25      | Floating      | 7.90%                 | No            |                  2 | On Loan: No      |
| BLACK & DECKER HOLDINGS        | Black & Decker Holdings Inc                                         | CUSIP: 091802AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3950000 | PA      | $4082904.27   | 0.28%             | 2028-07-01      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2022-5                          | CUSIP: 30167FAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3619701 | PA      | $3670251.80   | 0.25%             | 2029-02-15      | Fixed         | 7.40%                 | 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        |   2000000 | PA      | $1982626.00   | 0.14%             | 2029-10-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Black Diamond CLO Ltd          | Black Diamond Clo 2019-2 Ltd                                        | CUSIP: 09204GAF6<br>LEI: 254900MIPS4I29O2I690 | Long             | ABS-CBDO         | CORP              | KY        |   3739202 | PA      | $3740435.84   | 0.26%             | 2032-07-23      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR         | Blackstone Mortgage Trust Inc                                       | CUSIP: 09257WAD2<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |    800000 | PA      | $790608.96    | 0.05%             | 2027-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BLACKROCK LTD                  | BlackRock DLF X 2025-C CLO LP                                       | CUSIP: 09264MAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12000000 | PA      | $11992116.00  | 0.82%             | 2033-11-21      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| BLACKROCK LTD                  | BlackRock DLF X 2025-C CLO LP                                       | CUSIP: 09264MAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $4008708.00   | 0.27%             | 2033-11-21      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2025-2                          | CUSIP: 30168JAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1125000 | PA      | $1131260.63   | 0.08%             | 2029-09-17      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC              | Expedia Group Inc                                                   | CUSIP: 30212PBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4217000 | PA      | $4223878.64   | 0.29%             | 2027-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2022-NQM2                           | CUSIP: 10568KAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3427000 | PA      | $3426067.86   | 0.23%             | 2061-11-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2024-NQM4                           | CUSIP: 10568NAD4<br>LEI: 254900NOKQW417VKV943 | Long             | ABS-MBS          | CORP              | US        |    839393 | PA      | $811446.83    | 0.06%             | 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        |   3938028 | PA      | $3673848.33   | 0.25%             | 2060-04-25      | Variable      | 1.70%                 | No            |                  2 | On Loan: No      |
| FMC CORP                       | FMC Corp                                                            | CUSIP: 302491AT2<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3380491.82   | 0.23%             | 2026-10-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd           | BlueMountain Fuji US Clo II Ltd                                     | CUSIP: 09629EAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4502137.50   | 0.31%             | 2030-10-20      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd           | BlueMountain CLO XXII Ltd                                           | CUSIP: 09629PAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4499946.00   | 0.31%             | 2031-07-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd           | BlueMountain CLO 2018-3 Ltd                                         | CUSIP: 09630AAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1918787 | PA      | $1919264.93   | 0.13%             | 2030-10-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| BOEING CO                      | Boeing Co/The                                                       | CUSIP: 097023CH6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    832000 | PA      | $832000.00    | 0.06%             | 2026-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| BORGWARNER INC                 | BorgWarner Inc                                                      | CUSIP: 099724AL0<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |   3960000 | PA      | $3882836.91   | 0.26%             | 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        |   1880240 | PA      | $1858926.46   | 0.13%             | 2060-01-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2024-NQM4                           | CUSIP: 10568NAC6<br>LEI: 254900NOKQW417VKV943 | Long             | ABS-MBS          | CORP              | US        |   1678785 | PA      | $1661777.69   | 0.11%             | 2060-01-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2024-NQM8                           | CUSIP: 10571DAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1716102 | PA      | $1687507.98   | 0.12%             | 2053-08-01      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Fannie Mae-Aces                                                     | CUSIP: 3136AN6U6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2135103 | PA      | $2115806.17   | 0.14%             | 2027-04-25      | Variable      | 3.09%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Fannie Mae-Aces                                                     | CUSIP: 3136ATYT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    644930 | PA      | $643458.46    | 0.04%             | 2026-06-25      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Fannie Mae-Aces                                                     | CUSIP: 3136AY6U2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1144575 | PA      | $1133032.66   | 0.08%             | 2027-11-25      | Variable      | 3.22%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Fannie Mae-Aces                                                     | CUSIP: 3136B7GA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1016290 | PA      | $1003395.46   | 0.07%             | 2027-02-25      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Secur | Bridgecrest Lending Auto Securitization Trust 2026-1                | CUSIP: 107927AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2000279.60   | 0.14%             | 2028-07-17      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Secur | Bridgecrest Lending Auto Securitization Trust 2024-1                | CUSIP: 107933AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4064896.00   | 0.28%             | 2029-11-15      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Secur | Bridgecrest Lending Auto Securitization Trust 2024-3                | CUSIP: 10805NAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     23548 | PA      | $23521.13     | 0.00%             | 2028-10-16      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Secur | Bridgecrest Lending Auto Securitization Trust 2026-2                | CUSIP: 10807VAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1000198.80   | 0.07%             | 2028-09-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN       | Burford Capital Global Finance LLC                                  | CUSIP: 12116LAA7<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    730000 | PA      | $712096.75    | 0.05%             | 2028-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE            | CDW LLC / CDW Finance Corp                                          | CUSIP: 12513GBD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2621672.61   | 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        |   2250000 | PA      | $2228033.95   | 0.15%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC Funding 2017-IV Ltd                                            | CUSIP: 12551JAN6<br>LEI: 254900JEH56UBUEZJW15 | Long             | ABS-CBDO         | CORP              | KY        |   5464882 | PA      | $5467499.71   | 0.37%             | 2030-10-24      | Floating      | 5.48%                 | 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        |   3468812 | PA      | $3463345.27   | 0.24%             | 2030-09-25      | Floating      | 4.10%                 | 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        |   5331897 | PA      | $5313362.96   | 0.36%             | 2030-11-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| CABOT CORP                     | Cabot Corp                                                          | CUSIP: 127055AK7<br>LEI: K05C0SER542GQ6VLRO68 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2237625.88   | 0.15%             | 2026-09-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CAMPBELLS COMPANY/THE          | Campbell's Company/The                                              | CUSIP: 134429BM0<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   6370000 | PA      | $6418612.40   | 0.44%             | 2027-03-19      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | CarMax Auto Owner Trust 2026-2                                      | CUSIP: 142935AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2750000 | PA      | $2754651.90   | 0.19%             | 2029-08-15      | Floating      | 3.64%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                  | Carnival Corp                                                       | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   6380000 | PA      | $6233069.75   | 0.43%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                    | FIGRE Trust 2026-HE1                                                | CUSIP: 30249NAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4336596 | PA      | $4301413.29   | 0.29%             | 2056-01-25      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| FinBe USA Trust                | FinBe USA Trust 2025-1                                              | CUSIP: 317967AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    495560 | PA      | $495655.47    | 0.03%             | 2028-12-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                          | CUSIP: 31846V211<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  50890537 | NS      | $50890536.62  | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC                     | Fiserv Inc                                                          | CUSIP: 337738BB3<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   5650000 | PA      | $5516738.37   | 0.38%             | 2027-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                     | CUSIP: 3138LFXK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    890621 | PA      | $883499.27    | 0.06%             | 2026-10-01      | Fixed         | 2.52%                 | 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        |   5565000 | PA      | $5526367.88   | 0.38%             | 2027-02-15      | Fixed         | 3.75%                 | 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        |    392000 | PA      | $382740.25    | 0.03%             | 2027-12-15      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2023-3                                   | CUSIP: 33846BAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    585000 | PA      | $585601.85    | 0.04%             | 2029-07-16      | Fixed         | 6.01%                 | 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        |     50980 | PA      | $50154.96     | 0.00%             | 2028-03-10      | Fixed         | 1.07%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2021-N2                              | CUSIP: 14686KAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1518559 | PA      | $1496127.61   | 0.10%             | 2028-03-10      | Fixed         | 2.90%                 | 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        |    208508 | PA      | $206196.40    | 0.01%             | 2027-09-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| FLEX LTD                       | Flex Ltd                                                            | CUSIP: 33938XAE5<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |   5147000 | PA      | $5263308.51   | 0.36%             | 2028-01-15      | Fixed         | 6.00%                 | 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        |     16638 | PA      | $16276.80     | 0.00%             | 2028-06-12      | Fixed         | 1.02%                 | No            |                  2 | On Loan: No      |
| Cerberus                       | Cerberus Loan Funding XL LLC                                        | CUSIP: 15675AAL3<br>LEI: 635400FRD1HEGKSHCI69 | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $4000000.00   | 0.27%             | 2035-03-22      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Cerberus                       | Cerberus Loan Funding XLV LLC                                       | CUSIP: 15675FAA6<br>LEI: 6354005BRQJC9NIG3407 | Long             | ABS-CBDO         | CORP              | US        |   8250000 | PA      | $8261706.75   | 0.56%             | 2036-04-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Cherry Securitization Trust    | Cherry Securitization Trust 2025-1                                  | CUSIP: 16473RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2021703.60   | 0.14%             | 2032-11-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co Inc                               | CUSIP: 92564RAJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    580000 | PA      | $583010.03    | 0.04%             | 2027-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FHGE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     55145 | PA      | $55036.93     | 0.00%             | 2026-09-25      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FKWZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    129952 | PA      | $130507.89    | 0.01%             | 2028-12-25      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD FINANCL CORP       | Fifth Third Financial Corp                                          | CUSIP: 200340AQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3392596.53   | 0.23%             | 2026-07-22      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FL6K5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    699548 | PA      | $701484.81    | 0.05%             | 2029-02-25      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FLYN8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    535336 | PA      | $536820.22    | 0.04%             | 2029-03-25      | Floating      | 4.30%                 | 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        |    235356 | PA      | $236152.12    | 0.02%             | 2029-08-25      | Floating      | 4.29%                 | 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        |    915302 | PA      | $917064.04    | 0.06%             | 2029-12-25      | Floating      | 4.20%                 | 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        |   1700549 | PA      | $1701796.74   | 0.12%             | 2027-06-25      | Floating      | 4.05%                 | 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        |   5246353 | PA      | $5231715.99   | 0.36%             | 2030-06-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137HQSS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  19999820 | PA      | $20024779.54  | 1.37%             | 2035-11-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137HRKM0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15000000 | PA      | $15023415.00  | 1.03%             | 2036-03-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FWHQ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    819687 | PA      | $814676.82    | 0.06%             | 2030-08-25      | Floating      | 3.98%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FXR26<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2955785 | PA      | $2941916.91   | 0.20%             | 2030-10-25      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                    | FIGRE Trust 2024-HE1                                                | CUSIP: 31684HAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1749792 | PA      | $1786273.62   | 0.12%             | 2054-03-25      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                    | FIGRE Trust 2024-SL1                                                | CUSIP: 31684JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2502099 | PA      | $2574435.03   | 0.18%             | 2053-07-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                    | FIGRE Trust 2025-HE6                                                | CUSIP: 31684NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    899016 | PA      | $893625.66    | 0.06%             | 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        |   2169779 | PA      | $2170054.94   | 0.15%             | 2055-07-25      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2026-INV1 Trust                                                 | CUSIP: 67123WAU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4867209 | PA      | $4874696.35   | 0.33%             | 2056-02-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2026-HE1 Trust                                                  | CUSIP: 67124BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8664480 | PA      | $8685762.56   | 0.59%             | 2056-02-25      | Floating      | 5.00%                 | 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        |   8878433 | PA      | $8777609.99   | 0.60%             | 2031-01-25      | Floating      | 3.89%                 | 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        |   2361257 | PA      | $2351214.84   | 0.16%             | 2031-01-25      | Floating      | 3.90%                 | 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        |  10121695 | PA      | $10057017.13  | 0.69%             | 2031-02-25      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FYU20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4890759 | PA      | $4839117.04   | 0.33%             | 2031-01-25      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Funding Trust 2024-3                                        | CUSIP: 68377NAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1049693 | PA      | $1050392.70   | 0.07%             | 2029-08-15      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Issuance Trust 2026-A                                       | CUSIP: 68390VAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $997239.80    | 0.07%             | 2034-01-09      | Fixed         | 5.06%                 | 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        |   9998217 | PA      | $9952060.07   | 0.68%             | 2033-05-15      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-5                                 | CUSIP: 69548WAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6337255 | PA      | $6346939.72   | 0.43%             | 2033-03-15      | Fixed         | 5.44%                 | 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        |   3499865 | PA      | $3511039.84   | 0.24%             | 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        |   1999816 | PA      | $1995189.11   | 0.14%             | 2033-04-15      | Fixed         | 4.50%                 | 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        |   4707005 | PA      | $4686477.70   | 0.32%             | 2031-02-25      | Floating      | 3.90%                 | 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        |   4801456 | PA      | $4780118.57   | 0.33%             | 2028-05-25      | Floating      | 3.88%                 | 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        |   1500000 | PA      | $1501329.90   | 0.10%             | 2030-07-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY BANK                 | Synchrony Bank                                                      | CUSIP: 87166FAE3<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |   3425000 | PA      | $3456007.18   | 0.24%             | 2027-08-23      | Fixed         | 5.62%                 | 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        |   7434820 | PA      | $7341304.52   | 0.50%             | 2031-05-25      | Floating      | 3.87%                 | 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        |   4729329 | PA      | $4668651.61   | 0.32%             | 2031-06-25      | Floating      | 3.86%                 | 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        |    500000 | PA      | $500622.50    | 0.03%             | 2039-02-15      | Floating      | 5.82%                 | 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        |   5565000 | PA      | $5557865.34   | 0.38%             | 2028-01-15      | Fixed         | 5.00%                 | 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        |   2696503 | PA      | $2667350.87   | 0.18%             | 2031-06-25      | Floating      | 3.89%                 | 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        |   3402264 | PA      | $3382670.32   | 0.23%             | 2028-07-25      | Floating      | 3.85%                 | 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        |   2517717 | PA      | $2528840.25   | 0.17%             | 2065-01-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2025-CRM1                                 | CUSIP: 891946AK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6000000 | PA      | $5966107.80   | 0.41%             | 2065-01-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H1ZA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9305158 | PA      | $9245996.16   | 0.63%             | 2031-07-25      | Floating      | 3.86%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H2NB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  21832652 | PA      | $21693971.38  | 1.48%             | 2031-08-25      | Floating      | 3.85%                 | 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        |   6804766 | PA      | $6760446.76   | 0.46%             | 2028-08-25      | Floating      | 3.83%                 | 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        |   5729771 | PA      | $5703574.01   | 0.39%             | 2031-09-25      | Floating      | 3.84%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner  | Toyota Auto Receivables 2024-C Owner Trust                          | CUSIP: 89237QAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2958950 | PA      | $2978050.27   | 0.20%             | 2029-03-15      | Fixed         | 4.88%                 | 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        |     44086 | PA      | $14249.99     | 0.00%             | 2026-12-15      | Fixed         | 5.13%                 | 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        |    269175 | PA      | $268691.49    | 0.02%             | 2030-06-17      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                | Venture 32 CLO Ltd                                                  | CUSIP: 92325QAA5<br>LEI: 549300UP09C89Q3HWD39 | Long             | ABS-CBDO         | CORP              | KY        |    374800 | PA      | $374879.19    | 0.03%             | 2031-07-18      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H4CA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6533961 | PA      | $6495057.73   | 0.44%             | 2028-10-25      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H4S50<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4921696 | PA      | $4897924.00   | 0.33%             | 2031-11-25      | Floating      | 3.89%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H4SB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  23894332 | PA      | $23793449.70  | 1.62%             | 2028-12-25      | Floating      | 3.86%                 | 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        |   8610632 | PA      | $8537691.62   | 0.58%             | 2031-12-25      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC         | Venture Global LNG Inc                                              | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    800000 | PA      | $818940.80    | 0.06%             | 2028-06-01      | Fixed         | 8.12%                 | 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        |   8213309 | PA      | $8166230.52   | 0.56%             | 2029-01-25      | Floating      | 3.90%                 | 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        |   1679548 | PA      | $1676512.96   | 0.11%             | 2029-01-25      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H6LW3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4709177 | PA      | $4708677.37   | 0.32%             | 2032-02-25      | Floating      | 4.04%                 | 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        |    897957 | PA      | $895334.78    | 0.06%             | 2029-02-25      | Floating      | 4.02%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H73L5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  18165682 | PA      | $18141866.96  | 1.24%             | 2032-03-25      | Floating      | 4.06%                 | 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        |    713542 | PA      | $711135.99    | 0.05%             | 2032-04-25      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H8U66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    834021 | PA      | $836888.82    | 0.06%             | 2032-07-25      | Floating      | 4.22%                 | 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        |    141962 | PA      | $142274.93    | 0.01%             | 2030-02-25      | Floating      | 4.32%                 | 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        |    360746 | PA      | $362820.78    | 0.02%             | 2030-10-25      | Floating      | 4.35%                 | 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      | $5008720.00   | 0.34%             | 2032-01-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137HPU84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10000000 | PA      | $10012480.00  | 0.68%             | 2035-11-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                            | CUSIP: 345397B51<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4621644.58   | 0.32%             | 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        |   4062282 | PA      | $4063228.65   | 0.28%             | 2033-10-20      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Fortress Credit Opportunities  | Fortress Credit Opportunities XXXV CLO Ltd                          | CUSIP: 34966YAA4<br>LEI: 254900MPTCO8UJSR7X39 | Long             | ABS-CBDO         | CORP              | KY        |   4686534 | PA      | $4681069.88   | 0.32%             | 2033-07-20      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Fortress Credit Opportunities  | Fortress Credit Opportunities XXXI CLO Ltd                          | CUSIP: 34990GAA3<br>LEI: 25490034R237Z9DZDO05 | Long             | ABS-CBDO         | CORP              | KY        |   6602808 | PA      | $6599288.38   | 0.45%             | 2033-07-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2023-DNA1                             | CUSIP: 35564KP37<br>LEI: 5493000IRILHAKSCHN59 | Long             | ABS-MBS          | CORP              | US        |    932593 | PA      | $943656.09    | 0.06%             | 2043-03-25      | Floating      | 5.75%                 | 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        |   4627000 | PA      | $4708320.45   | 0.32%             | 2042-04-25      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2024-DNA1                             | CUSIP: 35564NAX1<br>LEI: 529900N6M839KA246662 | Long             | ABS-MBS          | CORP              | US        |    474391 | PA      | $474804.21    | 0.03%             | 2044-02-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2024-DNA2                             | CUSIP: 35564NCW1<br>LEI: 529900GRKKKHILZX4347 | Long             | ABS-MBS          | CORP              | US        |    689299 | PA      | $692395.45    | 0.05%             | 2044-05-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2024-HQA2                             | CUSIP: 35564NDZ3<br>LEI: 5299002OYNAPMJKK2A73 | Long             | ABS-MBS          | CORP              | US        |    768441 | PA      | $769143.56    | 0.05%             | 2044-08-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac Stacr Remic Trust 2025-Hqa1                             | CUSIP: 35564NGY3<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | CORP              | US        |   1326875 | PA      | $1329039.93   | 0.09%             | 2045-02-25      | Floating      | 4.60%                 | 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        |    622245 | PA      | $622614.25    | 0.04%             | 2045-02-25      | Floating      | 4.80%                 | 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        |    500000 | PA      | $499557.05    | 0.03%             | 2030-12-16      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Momnt Technologies Trust       | Momnt Technologies Trust 2023-1                                     | CUSIP: 608934AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    107847 | PA      | $108025.55    | 0.01%             | 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        |   1429997 | PA      | $1382804.53   | 0.09%             | 2065-02-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                       | OZLM VI Ltd                                                         | CUSIP: 67108LBG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8906275 | PA      | $8890573.31   | 0.61%             | 2031-04-17      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                       | OZLM XXIV Ltd                                                       | CUSIP: 67113DAW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    680066 | PA      | $680078.45    | 0.05%             | 2032-07-20      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM23 Trust                                                | CUSIP: 67123BAF3<br>LEI: 2549009JKGY7CAYS8Y83 | Long             | ABS-MBS          | CORP              | US        |   2712200 | PA      | $2703104.79   | 0.18%             | 2065-10-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR       | Occidental Petroleum Corp                                           | CUSIP: 674599CR4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3091054.02   | 0.21%             | 2026-08-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                      | ONEOK Inc                                                           | CUSIP: 682680AU7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2001094.96   | 0.14%             | 2028-07-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP           | OneMain Finance Corp                                                | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    400000 | PA      | $395059.88    | 0.03%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                         | CUSIP: 68389XCD5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   6100000 | PA      | $5825146.02   | 0.40%             | 2028-03-25      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                 | Owens-Brockway Glass Container Inc                                  | CUSIP: 69073TAT0<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301329.30    | 0.02%             | 2027-05-13      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2026-R2                                | CUSIP: 69490AAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2999094.00   | 0.20%             | 2034-02-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2026-1                                 | CUSIP: 694969AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1498131.45   | 0.10%             | 2033-09-15      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2026-1                                 | CUSIP: 694969AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1994442.80   | 0.14%             | 2033-09-15      | Fixed         | 5.37%                 | 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        |   1041101 | PA      | $1047079.00   | 0.07%             | 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        |    586738 | PA      | $588659.57    | 0.04%             | 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        |    761165 | PA      | $761779.76    | 0.05%             | 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        |   2618965 | PA      | $2629161.37   | 0.18%             | 2032-06-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-1                                 | CUSIP: 69544NAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1951244 | PA      | $1958314.96   | 0.13%             | 2032-07-15      | Fixed         | 5.16%                 | 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        |   1697670 | PA      | $1702771.45   | 0.12%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-8                                 | CUSIP: 69544QAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    416421 | PA      | $417558.80    | 0.03%             | 2032-01-15      | Fixed         | 6.03%                 | 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        |    745801 | PA      | $748294.98    | 0.05%             | 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        |   1104774 | PA      | $1111065.44   | 0.08%             | 2032-12-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-2                                 | CUSIP: 69545GAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3017111 | PA      | $3021884.43   | 0.21%             | 2032-10-15      | Fixed         | 4.96%                 | 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      | $2003535.14   | 0.14%             | 2032-10-15      | Fixed         | 5.64%                 | 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        |    134976 | PA      | $134061.62    | 0.01%             | 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        |   4632344 | PA      | $4612940.72   | 0.31%             | 2029-10-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya Ai Debt Grantor Trust 2024-9                                 | CUSIP: 69546QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2385087 | PA      | $2390691.66   | 0.16%             | 2032-03-15      | Fixed         | 5.31%                 | 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        |    674413 | PA      | $676933.07    | 0.05%             | 2032-03-15      | Fixed         | 6.17%                 | 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        |   7999716 | PA      | $8032436.92   | 0.55%             | 2033-01-17      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Rec | Arivo Acceptance Auto Loan Receivables Trust 2025-1                 | CUSIP: 039962AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    835579 | PA      | $838311.95    | 0.06%             | 2029-05-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC          | Arrow Electronics Inc                                               | CUSIP: 042735AK6<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1117201.49   | 0.08%             | 2027-01-15      | Fixed         | 7.50%                 | 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        |    824192 | PA      | $824826.11    | 0.06%             | 2031-11-15      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-5                                 | CUSIP: 69548WAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5507437 | PA      | $5523184.53   | 0.38%             | 2033-03-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd         | Rockford Tower CLO 2019-2 Ltd                                       | CUSIP: 77341GAS9<br>LEI: 549300IG5M07NI4QKK80 | Long             | ABS-CBDO         | CORP              | KY        |   3514184 | PA      | $3514883.32   | 0.24%             | 2032-08-20      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Romark CLO Ltd                 | Romark CLO - IV Ltd                                                 | CUSIP: 77588LAN1<br>LEI: 549300HD9K8XL8QM2Z46 | Long             | ABS-CBDO         | CORP              | KY        |   4250000 | PA      | $4248431.75   | 0.29%             | 2034-07-10      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC          | Arrow Electronics Inc                                               | CUSIP: 042735BF6<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |   5045000 | PA      | $4986591.21   | 0.34%             | 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        |   2608000 | PA      | $2585571.93   | 0.18%             | 2026-08-12      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES        | Royal Caribbean Cruises Ltd                                         | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   5565000 | PA      | $5625916.44   | 0.38%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAIF Securitization Trust      | SAIF Securitization Trust 2025-CES1                                 | CUSIP: 78438CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4621482 | PA      | $4627557.79   | 0.32%             | 2065-06-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2026-HB1                    | CUSIP: 795939AC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3701634 | PA      | $3707012.79   | 0.25%             | 2056-04-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T | Tricolor Auto Securitization Trust 2024-2                           | CUSIP: 89616PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    372559 | PA      | $348887.58    | 0.02%             | 2027-12-15      | Fixed         | 6.36%                 | 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        |   3629839 | PA      | $3618394.02   | 0.25%             | 2027-11-25      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FBC53<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    643918 | PA      | $644386.34    | 0.04%             | 2027-09-25      | Floating      | 4.13%                 | 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        |   3269411 | PA      | $3263028.83   | 0.22%             | 2028-01-25      | Floating      | 3.83%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FYUT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    271184 | PA      | $269526.57    | 0.02%             | 2031-03-25      | Floating      | 3.89%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H0H27<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6407357 | PA      | $6369201.10   | 0.43%             | 2031-03-25      | Floating      | 3.89%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H0H92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4965191 | PA      | $4905246.58   | 0.33%             | 2031-04-25      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| MOSAIC GLOBAL HOLDINGS         | Mosaic Global Holdings Inc                                          | CUSIP: 449669AK6<br>LEI: KUTUVC11L8A25EW5LZ75 | Long             | DBT              | CORP              | US        |    950000 | PA      | $989614.49    | 0.07%             | 2028-01-15      | Fixed         | 7.30%                 | 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        |   3296942 | PA      | $3300506.06   | 0.23%             | 2034-04-28      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd               | Trinitas CLO XIV Ltd                                                | CUSIP: 89641QAY6<br>LEI: 549300095MXHZZMH2053 | Long             | ABS-CBDO         | CORP              | KY        |   7403434 | PA      | $7398969.79   | 0.50%             | 2034-01-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Twin Brook CLO                 | Twin Brook Clo 2024-2 LLC                                           | CUSIP: 901395AQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9000000 | PA      | $8927154.00   | 0.61%             | 2035-10-20      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC               | LPL Holdings Inc                                                    | CUSIP: 50212YAC8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2787731.30   | 0.19%             | 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        |   2410000 | PA      | $2436301.05   | 0.17%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust  | Lendbuzz Securitization Trust 2026-1                                | CUSIP: 525952AB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    909396 | PA      | $908524.68    | 0.06%             | 2030-07-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust  | Lendbuzz Securitization Trust 2025-2                                | CUSIP: 52611JAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    401899 | PA      | $403478.42    | 0.03%             | 2030-05-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL       | United Wholesale Mortgage LLC                                       | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    400000 | PA      | $398612.00    | 0.03%             | 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        |    200000 | PA      | $199388.78    | 0.01%             | 2028-04-15      | Fixed         | 4.75%                 | 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        |   3662548 | PA      | $3725476.11   | 0.25%             | 2030-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Lobel Automobile Receivables T | Lobel Automobile Receivables Trust 2026-1                           | CUSIP: 53948VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3000300.90   | 0.20%             | 2028-10-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Luxury Lease Partners Auto Tru | Luxury Lease Partners Auto Lease Trust 2024-4                       | CUSIP: 55068XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     69829 | PA      | $70041.89     | 0.00%             | 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        |    500000 | PA      | $492988.86    | 0.03%             | 2027-08-17      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS          | Universal Health Services Inc                                       | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |   5565000 | PA      | $5515244.67   | 0.38%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Upgrade Auto Receivables Trust | Upgrade Auto Receivables Trust 2025-1                               | CUSIP: 91531AAB0<br>LEI: 254900GMCGPEMKJRNA46 | Long             | ABS-O            | CORP              | US        |   3145671 | PA      | $3147371.96   | 0.21%             | 2029-05-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Upland CLO Ltd                 | Upland CLO Ltd                                                      | CUSIP: 915328AW8<br>LEI: 54930052JF7HYEE5CO91 | Long             | ABS-CBDO         | CORP              | KY        |   1027706 | PA      | $1028439.99   | 0.07%             | 2031-04-20      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust | Upgrade Master Pass-Thru Trust Series 2025-ST4                      | CUSIP: 91533MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    573306 | PA      | $574521.13    | 0.04%             | 2032-08-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Upgrade Receivables Trust      | Upgrade Receivables Trust 2024-1                                    | CUSIP: 91533NAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2323426.05   | 0.16%             | 2031-02-18      | Fixed         | 8.90%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust | Upgrade Master Pass-Thru Trust Series 2026-ST1                      | CUSIP: 91533VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    876143 | PA      | $875163.73    | 0.06%             | 2034-03-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust | Upgrade Master Pass-Thru Trust Series 2025-ST5                      | CUSIP: 91535BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1148310 | PA      | $1149689.68   | 0.08%             | 2032-09-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust | Upgrade Master Pass-Thru Trust Series 2025-ST8                      | CUSIP: 91535UAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2495202.25   | 0.17%             | 2033-12-15      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2025-2                                 | CUSIP: 91679EAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4366000 | PA      | $4400598.37   | 0.30%             | 2035-06-20      | Fixed         | 5.62%                 | 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        |    116902 | PA      | $116684.25    | 0.01%             | 2030-05-20      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga | MF1 2021-FL7 Ltd                                                    | CUSIP: 55284AAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3506034.00   | 0.24%             | 2036-10-16      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD       | Macquarie Airfinance Holdings Ltd                                   | CUSIP: 55609NAF5<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |   5210000 | PA      | $5234372.43   | 0.36%             | 2028-03-27      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2026-2                                 | CUSIP: 91683AAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3001056.60   | 0.20%             | 2036-05-20      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2026-2                                 | CUSIP: 91683AAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2995837.20   | 0.20%             | 2036-05-20      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2025-1                                 | CUSIP: 91684PAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1785617 | PA      | $1796889.00   | 0.12%             | 2035-04-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2025-1                                 | CUSIP: 91684PAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1017763.60   | 0.07%             | 2035-04-20      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust           | Verizon Master Trust                                                | CUSIP: 92348KBT9<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   1293000 | PA      | $1294026.51   | 0.09%             | 2029-06-20      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2025-12                                  | CUSIP: 92490FAF7<br>LEI: 2138009XAW9T934GL239 | Long             | ABS-MBS          | CORP              | US        |   1454866 | PA      | $1452856.47   | 0.10%             | 2070-12-25      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| Veros Auto Receivables Trust   | Veros Auto Receivables Trust 2026-1                                 | CUSIP: 92511CAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1416535 | PA      | $1417050.77   | 0.10%             | 2028-08-15      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2022-3                                   | CUSIP: 92538UAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    158081 | PA      | $149979.70    | 0.01%             | 2067-02-25      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Marathon CLO LTD               | Marathon CLO 2021-16 Ltd                                            | CUSIP: 56580KAS4<br>LEI: 549300VP041FQCCCOP44 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2998062.00   | 0.20%             | 2034-04-15      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2025-1                                       | CUSIP: 570920AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2004131.20   | 0.14%             | 2035-07-16      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2023-4                                       | CUSIP: 57108UAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1755000 | PA      | $1801428.53   | 0.12%             | 2033-12-15      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2024-1                                       | CUSIP: 57108VAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2800000 | PA      | $2818616.64   | 0.19%             | 2034-07-17      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2023-3                                       | CUSIP: 57109RAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6201800 | PA      | $6323710.02   | 0.43%             | 2033-09-15      | Fixed         | 8.04%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2023-1                                       | CUSIP: 57110PAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5659799 | PA      | $5741104.13   | 0.39%             | 2033-04-15      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| MASCO CORP                     | Masco Corp                                                          | CUSIP: 574599BS4<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |    844000 | PA      | $800847.17    | 0.05%             | 2028-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| MASTEC INC                     | MasTec Inc                                                          | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |   5210000 | PA      | $5181598.21   | 0.35%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP            | Meritage Homes Corp                                                 | CUSIP: 59001ABA9<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2105103.50   | 0.14%             | 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      | $350371.95    | 0.02%             | 2027-10-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                 | NRG Energy Inc                                                      | CUSIP: 629377CP5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   5860000 | PA      | $5664305.83   | 0.39%             | 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        |   3350000 | PA      | $3365189.03   | 0.23%             | 2026-10-01      | Fixed         | 5.50%                 | 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        |   1128495 | PA      | $1134204.82   | 0.08%             | 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        |    800000 | PA      | $836472.00    | 0.06%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust        | NYMT Loan Trust 2025-CP1                                            | CUSIP: 67121VAA2<br>LEI: 254900JF85A0S614L988 | Long             | ABS-MBS          | CORP              | US        |   1807369 | PA      | $1743151.14   | 0.12%             | 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      | $498103.50    | 0.03%             | 2038-11-05      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| Oaktown Re Ltd                 | Oaktown Re VII Ltd                                                  | CUSIP: 67389JAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    745050 | PA      | $749136.41    | 0.05%             | 2034-04-25      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR       | Occidental Petroleum Corp                                           | CUSIP: 674599CM5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $1948046.91   | 0.13%             | 2027-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JABIL INC                      | Jabil Inc                                                           | CUSIP: 466313AH6<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |   1345000 | PA      | $1332826.47   | 0.09%             | 2028-01-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne | PRET 2025-NPL9 LLC                                                  | CUSIP: 740937AA5<br>LEI: 254900IWII23Q41Y2V47 | Long             | ABS-MBS          | CORP              | US        |   3677214 | PA      | $3684069.76   | 0.25%             | 2055-08-25      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Race Point CLO Ltd             | Race Point X CLO Ltd                                                | CUSIP: 74983DAS6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3003840.00   | 0.20%             | 2031-07-25      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC        | Jefferies Financial Group Inc                                       | CUSIP: 472319AE2<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   2505000 | PA      | $2551835.06   | 0.17%             | 2027-06-08      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| RADIAN GROUP INC               | Radian Group Inc                                                    | CUSIP: 750236AW1<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |   3350000 | PA      | $3351788.87   | 0.23%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC            | Reach Abs Trust 2024-1                                              | CUSIP: 75526PAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1089660 | PA      | $1095457.90   | 0.07%             | 2031-02-18      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC            | Reach Abs Trust 2026-1                                              | CUSIP: 75526XAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1475524 | PA      | $1475285.44   | 0.10%             | 2033-02-15      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance T | Regional Management Issuance Trust 2022-1                           | CUSIP: 75907DAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1001656.80   | 0.07%             | 2032-03-15      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS TRUST 2024-2PL                                             | CUSIP: 00092HAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1609633 | PA      | $1619680.34   | 0.11%             | 2031-10-27      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS Trust 2024-3AL                                             | CUSIP: 00092KAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    718724 | PA      | $723716.25    | 0.05%             | 2031-12-26      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust VII                        | CUSIP: 76088TAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    395252 | PA      | $396905.22    | 0.03%             | 2030-11-25      | Fixed         | 6.58%                 | 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        |   3000000 | PA      | $3004189.80   | 0.20%             | 2034-06-26      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS Trust 2024-3AL                                             | CUSIP: 00092KAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2324632 | PA      | $2347291.73   | 0.16%             | 2031-12-26      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                 | ACM Auto Trust 2025-4                                               | CUSIP: 00161LAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    912293 | PA      | $914854.59    | 0.06%             | 2030-05-20      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2026-R1                    | CUSIP: 76089TAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4749180 | PA      | $4755706.55   | 0.32%             | 2034-07-25      | Fixed         | 5.66%                 | 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        |   4500000 | PA      | $4526673.30   | 0.31%             | 2034-02-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2026-2                     | CUSIP: 76091HAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5000442.00   | 0.34%             | 2035-02-26      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Trust 2025-6                           | CUSIP: 76100JAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1996984.40   | 0.14%             | 2034-08-25      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2026-1                     | CUSIP: 76100KAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2487297.75   | 0.17%             | 2035-01-25      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| N/A                            | US 2YR NOTE (CBT) Jun26                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -113 | NC      | $201768.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ACREC 2021-FL1 Ltd.            | ACREC 2021-FL1 Ltd                                                  | CUSIP: 00500RAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    177975 | PA      | $178197.19    | 0.01%             | 2036-10-16      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust           | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   5785000 | PA      | $5575959.37   | 0.38%             | 2028-10-29      | Fixed         | 3.00%                 | 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        |    715840 | PA      | $718174.85    | 0.05%             | 2032-11-25      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                  | Aircastle Ltd                                                       | CUSIP: 00928QAU5<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |   3400000 | PA      | $3298748.75   | 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        |   1480000 | PA      | $1532341.03   | 0.10%             | 2028-07-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC             | Ally Financial Inc                                                  | CUSIP: 02005NBP4<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   5210000 | PA      | $4919435.12   | 0.34%             | 2028-11-02      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec | American Credit Acceptance Receivables Trust 2026-2                 | CUSIP: 02528FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $8012792.00   | 0.55%             | 2030-05-08      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec | American Credit Acceptance Receivables Trust 2023-3                 | CUSIP: 02530EAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4470000 | PA      | $4551384.40   | 0.31%             | 2029-10-12      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec | American Credit Acceptance Receivables Trust 2024-1                 | CUSIP: 02531AAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5055299.00   | 0.34%             | 2030-05-13      | Fixed         | 5.86%                 | 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        |   5500000 | PA      | $5600820.50   | 0.38%             | 2030-04-12      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec | American Credit Acceptance Receivables Trust 2026-1                 | CUSIP: 02531FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2108254 | PA      | $2108045.87   | 0.14%             | 2029-07-12      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE         | American Honda Finance Corp                                         | CUSIP: 02665WGD7<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   6735000 | PA      | $6743242.29   | 0.46%             | 2027-07-09      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receiva | AmeriCredit Automobile Receivables Trust 2025-1                     | CUSIP: 03067FAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4556734 | PA      | $4561088.77   | 0.31%             | 2029-03-19      | Floating      | 4.19%                 | 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      | $1004392.00   | 0.07%             | 2041-01-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA               | ArcelorMittal SA                                                    | CUSIP: 03938LBE3<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |   4800000 | PA      | $4940204.93   | 0.34%             | 2027-11-29      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Rec | Arivo Acceptance Auto Loan Receivables Trust 2024-1                 | CUSIP: 039943AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     72967 | PA      | $73203.18     | 0.00%             | 2028-04-17      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP              | Ares Capital Corp                                                   | CUSIP: 04010LBB8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   1785000 | PA      | $1704310.86   | 0.12%             | 2028-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP              | Ares Capital Corp                                                   | CUSIP: 04010LBD4<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    335000 | PA      | $327024.12    | 0.02%             | 2027-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP              | Ares Capital Corp                                                   | CUSIP: 04010LBE2<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4053389.00   | 0.28%             | 2027-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                   | Ares XLI Clo Ltd                                                    | CUSIP: 04016DAS4<br>LEI: 549300X38KZ67Q2FQG11 | Long             | ABS-CBDO         | CORP              | KY        |   9220000 | PA      | $9218570.90   | 0.63%             | 2034-04-15      | Floating      | 5.00%                 | 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        |     34975 | PA      | $35154.74     | 0.00%             | 2029-01-16      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING          | Athene Global Funding                                               | CUSIP: 04685A3T6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2779000 | PA      | $2803448.39   | 0.19%             | 2027-03-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING          | Athene Global Funding                                               | CUSIP: 04685A4N8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   3591000 | PA      | $3582902.30   | 0.24%             | 2028-05-09      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| ATLX Trust                     | ATLX 2024-RPL1 Trust                                                | CUSIP: 049915AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    862755 | PA      | $840713.82    | 0.06%             | 2064-04-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                 | AutoNation Inc                                                      | CUSIP: 05329WAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5381000 | PA      | $5080770.12   | 0.35%             | 2028-08-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                            | CUSIP: 05377RER1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4926261.50   | 0.34%             | 2028-02-20      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                            | CUSIP: 05377RES9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1333000 | PA      | $1313003.67   | 0.09%             | 2028-02-20      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                            | CUSIP: 05377RGW8<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $809451.20    | 0.06%             | 2028-02-22      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                            | CUSIP: 05377RJH8<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1517025.30   | 0.10%             | 2028-10-20      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| AVNET INC                      | Avnet Inc                                                           | CUSIP: 053807AW3<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | DBT              | CORP              | US        |   5511000 | PA      | $5660734.15   | 0.39%             | 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        |   1585000 | PA      | $1531284.57   | 0.10%             | 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        |   2005000 | PA      | $1943580.57   | 0.13%             | 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        |   2610000 | PA      | $2688965.42   | 0.18%             | 2028-05-04      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA             | Banco Santander SA                                                  | CUSIP: 05964HAF2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1965000 | PA      | $1940558.33   | 0.13%             | 2028-02-23      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                                        | CUSIP: 06738EAP0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   5105000 | PA      | $5105953.77   | 0.35%             | 2026-05-12      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Barclays Mortgage Loan Trust   | Barclays Mortgage Loan Trust 2026-NQM2                              | CUSIP: 06745FAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4879754 | PA      | $4838425.23   | 0.33%             | 2065-12-25      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| Barclays Mortgage Loan Trust   | Barclays Mortgage Loan Trust 2026-NQM2                              | CUSIP: 06745FAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2927853 | PA      | $2901817.25   | 0.20%             | 2065-12-25      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| Barings Issuer LLC             | Barings 2026-SBP Issuer LLC                                         | CUSIP: 06764UAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2992261 | PA      | $2966156.52   | 0.20%             | 2059-02-26      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F8MQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    137383 | PA      | $136673.86    | 0.01%             | 2030-12-25      | Floating      | 4.03%                 | 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        |   1699694 | PA      | $1685870.80   | 0.12%             | 2030-11-25      | Floating      | 3.95%                 | 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        |   3214778 | PA      | $3181640.02   | 0.22%             | 2030-12-25      | Floating      | 3.90%                 | 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        |   5064132 | PA      | $5018838.16   | 0.34%             | 2030-12-25      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137F9CN9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5252135 | PA      | $5170364.42   | 0.35%             | 2030-12-25      | Floating      | 3.86%                 | 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        |  20272036 | PA      | $20018858.67  | 1.37%             | 2030-12-25      | Floating      | 3.85%                 | 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        |     69994 | PA      | $69352.16     | 0.00%             | 2031-01-25      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137FFXQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  25459157 | PA      | $25140612.44  | 1.72%             | 2031-01-25      | Floating      | 3.85%                 | 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        |   3247261 | PA      | $3226608.82   | 0.22%             | 2028-09-25      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates        | CUSIP: 3137H4BV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3445516 | PA      | $3423316.53   | 0.23%             | 2031-10-25      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| KREF 2021-FL2 Ltd              | KREF 2021-FL2 Ltd                                                   | CUSIP: 48275RAA5<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |     84927 | PA      | $85133.68     | 0.01%             | 2039-02-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| KEYBANK NATIONAL ASSN          | Keybank National Association                                        | CUSIP: 49327V2A1<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   1915000 | PA      | $1913733.15   | 0.13%             | 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        |   4800000 | PA      | $4794449.23   | 0.33%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO           | Kraft Heinz Foods Co                                                | CUSIP: 50077LBC9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1493288.61   | 0.10%             | 2027-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Lake Shore MM CLO LLC          | Lake Shore MM CLO II Ltd                                            | CUSIP: 510760AG6<br>LEI: 5493004NSSTVWDFT9W29 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2995503.00   | 0.20%             | 2031-10-17      | Floating      | 7.69%                 | 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        |    255261 | PA      | $255186.86    | 0.02%             | 2031-10-17      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Lake Shore MM CLO LLC          | Lake Shore MM CLO II Ltd                                            | CUSIP: 510760AN1<br>LEI: 5493004NSSTVWDFT9W29 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1498015.58   | 0.10%             | 2031-10-17      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust  | Lendbuzz Securitization Trust 2024-1                                | CUSIP: 525935AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    932105 | PA      | $936220.58    | 0.06%             | 2029-08-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust  | Lendbuzz Securitization Trust 2023-1                                | CUSIP: 52608LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     80504 | PA      | $81261.22     | 0.01%             | 2028-08-15      | Fixed         | 6.92%                 | 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        |   1000000 | PA      | $1010477.10   | 0.07%             | 2029-06-15      | Fixed         | 10.04%                | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust             | A&D Mortgage Trust 2026-NQM2                                        | CUSIP: 00038TAF9<br>LEI: 984500676AA49C11FP07 | Long             | ABS-MBS          | CORP              | US        |   1669345 | PA      | $1651793.44   | 0.11%             | 2071-03-25      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust             | A&D Mortgage Trust 2026-NQM1                                        | CUSIP: 00040DAC7<br>LEI: 984500FEB1BEC4C6Y473 | Long             | ABS-MBS          | CORP              | US        |   2109677 | PA      | $2095188.49   | 0.14%             | 2071-02-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust             | A&D Mortgage Trust 2026-NQM1                                        | CUSIP: 00040DAF0<br>LEI: 984500FEB1BEC4C6Y473 | Long             | ABS-MBS          | CORP              | US        |   2845611 | PA      | $2820165.26   | 0.19%             | 2071-02-25      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS TRUST 2024-1PL                                             | CUSIP: 00092BAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210083 | PA      | $211736.29    | 0.01%             | 2031-04-25      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS TRUST 2024-1PL                                             | CUSIP: 00092BAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    306642 | PA      | $308755.55    | 0.02%             | 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        |   2703876 | PA      | $2729330.14   | 0.19%             | 2031-04-25      | Fixed         | 7.29%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS TRUST 2024-2PL                                             | CUSIP: 00092HAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    280463 | PA      | $282221.86    | 0.02%             | 2031-10-27      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| ACHD Trust                     | ACHD Trust 2025-DS1                                                 | CUSIP: 00092TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    302823 | PA      | $303406.10    | 0.02%             | 2034-01-09      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust             | A&D Mortgage Trust 2026-NQM3                                        | CUSIP: 00248BAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5750000 | PA      | $5759234.50   | 0.39%             | 2071-04-25      | Variable      | 5.08%                 | 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        |     42211 | PA      | $41139.03     | 0.00%             | 2046-10-25      | Variable      | 3.64%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2023-HQA2                             | CUSIP: 35564K2F5<br>LEI: 5493000KIGZAWUOW4E32 | Long             | ABS-MBS          | CORP              | US        |    230834 | PA      | $231070.41    | 0.02%             | 2043-06-25      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP          | Freedom Mortgage Corp                                               | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    800000 | PA      | $799688.00    | 0.05%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GATX CORP                      | GATX Corp                                                           | CUSIP: 361448AY9<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |   1298000 | PA      | $1293330.89   | 0.09%             | 2026-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GATX CORP                      | GATX Corp                                                           | CUSIP: 361448BA0<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    670000 | PA      | $658577.95    | 0.04%             | 2028-03-15      | Fixed         | 3.50%                 | 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        |    910685 | PA      | $910891.31    | 0.06%             | 2031-07-15      | Floating      | 5.02%                 | 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        |    348989 | PA      | $349615.07    | 0.02%             | 2053-11-25      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2025-CES7                           | CUSIP: 46660GAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3702721 | PA      | $3688706.68   | 0.25%             | 2056-04-25      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2025-CES7                           | CUSIP: 46660GAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4628402 | PA      | $4612136.26   | 0.31%             | 2056-04-25      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2025-12MPR                          | CUSIP: 46660LAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2935299 | PA      | $2909445.03   | 0.20%             | 2056-06-25      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN       | Jefferies Finance LLC / JFIN Co-Issuer Corp                         | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    610000 | PA      | $585556.81    | 0.04%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN       | Jefferson Capital Holdings LLC                                      | CUSIP: 472481AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $798712.00    | 0.05%             | 2026-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC           | Keurig Dr Pepper Inc                                                | CUSIP: 49271VAW0<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   5815000 | PA      | $5846756.65   | 0.40%             | 2027-03-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| KEYBANK NATIONAL ASSN          | Keybank National Association                                        | CUSIP: 49306CAB7<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   6755000 | PA      | $7011869.41   | 0.48%             | 2028-02-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| VOC ESCROW LTD                 | VOC Escrow Ltd                                                      | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6745000 | PA      | $6739796.23   | 0.46%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2026-CES1                          | CUSIP: 92790EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6823463 | PA      | $6774688.48   | 0.46%             | 2056-02-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                            | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2530000 | PA      | $2517780.10   | 0.17%             | 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        |   1450000 | PA      | $1456259.65   | 0.10%             | 2026-12-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                            | CUSIP: 92840VAX0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2165000 | PA      | $2140934.73   | 0.15%             | 2028-10-15      | Fixed         | 4.30%                 | 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        |    619024 | PA      | $618756.61    | 0.04%             | 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      | $2008120.00   | 0.14%             | 2054-10-25      | Variable      | 5.66%                 | 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        |   1000000 | PA      | $1002737.00   | 0.07%             | 2038-03-15      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT       | Western Midstream Operating LP                                      | CUSIP: 958254AK0<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   4050000 | PA      | $4067842.84   | 0.28%             | 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        |   1427158 | PA      | $1427973.15   | 0.10%             | 2028-09-15      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable | Westlake Automobile Receivables Trust 2026-1                        | CUSIP: 96043BAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1999329.80   | 0.14%             | 2028-09-15      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-26

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

**Signature:** /s/ Michael Colombo

**Name of Signer:** Michael Colombo

**Title:** Secretary