# EDGAR Filing Document

**Accession Number:** 0000217087
**File Stem:** 0001752724-25-209269
**Filing Date:** 2025-8
**Character Count:** 265377
**Document Hash:** fce5e22cd8617bdcefc84825145a1a95
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-209269.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-209269

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Guggenheim Variable Funds Trust
- **CENTRAL INDEX KEY:** 0000217087

**ORGANIZATION NAME:**
- **EIN:** 480873454
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02753
- **FILM NUMBER:** 251264236

**BUSINESS ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 301-296-5100

**MAIL ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SBL FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### SERIES E (TOTAL RETURN BOND SERIES) (Series ID: S000010066)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000027865 | A            |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Guggenheim Variable Funds Trust

- **b. Investment Company Act file number:** 811-02753

- **c. CIK number of Registrant:** 0000217087

- **d. LEI of Registrant:** 549300QDJHZ1HF5UC735

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

  - **Street Address 1:** 702 King Farm Blvd., Suite 200

  - **City:** Rockville

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20850

  - **Telephone number:** 301-296-5100

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

- **a. Name of Series:** Series E (Total Return Bond Series)

- **b. EDGAR series identifier (if any):** S000010066

- **c. LEI of Series:** 549300KRQSBPNKM3ER41

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $239679131.53

**Total Liabilities:** $66131031.78

**Net Assets:** $173548099.75

**Delayed Delivery Securities:** $62318123.56

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1691.21536463 | **1-Year:** 10803.74339559 | **5-Year:** 20900.75974136 | **10-Year:** 26630.62432629 | **30-Year:** 8776.48139414

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

- **3-Month:** 230.62378975 | **1-Year:** 518.59818034 | **5-Year:** 3213.42991370 | **10-Year:** 782.52694376 | **30-Year:** 1455.72456500

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000027865 | 0.34%                | -0.41%               | 1.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-271702.86              | $-436327.51                                |
| Month 2  | $-483556.43              | $-363678.70                                |
| Month 3  | $200613.92               | $1786034.69                                |

**Designated Index Information**

- **Index Name:** Portfolio (ExDerivative)

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AASET 2021-1 Trust                            | AASET Trust                                                                                          | CUSIP: 00038PAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    229718 | PA      | $218278.65    | 0.13%             | 2041-11-16      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                  | AES Corp.                                                                                            | CUSIP: 00130HCC7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    170000 | PA      | $161623.55    | 0.09%             | 2030-07-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                  | AES Corp.                                                                                            | CUSIP: 00130HCG8<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |     55000 | PA      | $48083.37     | 0.03%             | 2031-01-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| AS MILEAGE PLAN IP LTD                        | AS Mileage Plan IP Ltd.                                                                              | CUSIP: 00218QAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    250000 | PA      | $245951.24    | 0.14%             | 2031-10-20      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization                | AASET Trust                                                                                          | CUSIP: 00255JAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    236330 | PA      | $242575.24    | 0.14%             | 2049-05-16      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                                    | Air Canada                                                                                           | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $148484.87    | 0.09%             | 2026-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                        | Albertsons Companies Incorporated / Safeway Inc / New Albertsons Limited Partnership / Albertsons LL | CUSIP: 013092AF8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $147934.22    | 0.09%             | 2026-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                      | Alimentation Couche-Tard, Inc.                                                                       | CUSIP: 01626PAN6<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $17970.13     | 0.01%             | 2050-01-25      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuer LL                | Aligned Data Centers Issuer LLC                                                                      | CUSIP: 01627AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $241633.25    | 0.14%             | 2046-08-15      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| ALLO Issuer, LLC                              | ALLO Issuer LLC                                                                                      | CUSIP: 01983KAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $152278.49    | 0.09%             | 2054-07-20      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                              | Altice France S.A.                                                                                   | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $165305.00    | 0.10%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                              | Altria Group, Inc.                                                                                   | CUSIP: 02209SBK8<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     50000 | PA      | $39128.30     | 0.02%             | 2050-05-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                              | Altria Group, Inc.                                                                                   | CUSIP: 02209SBN2<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    350000 | PA      | $242219.17    | 0.14%             | 2051-02-04      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ALUMINA PTY LTD                               | Alumina Pty Ltd.                                                                                     | CUSIP: 02220AAA5<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |    400000 | PA      | $406023.60    | 0.23%             | 2030-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                       | American National Group, Inc.                                                                        | CUSIP: 025676859<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |      4000 | NS      | $104280.00    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                       | American National Group, Inc.                                                                        | CUSIP: 025676AQ0<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    375000 | PA      | $377208.48    | 0.22%             | 2035-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| American Home Mortgage Investm                | American Home Mortgage Investment Trust                                                              | CUSIP: 026932AF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1585061 | PA      | $246353.79    | 0.14%             | 2047-05-25      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GF                          | American National Global Funding                                                                     | CUSIP: 02771D2B9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $401999.33    | 0.23%             | 2030-06-03      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMERICO LIFE INC                              | Americo Life, Inc.                                                                                   | CUSIP: 03060NAD2<br>LEI: 549300B5C1FRFHBYW144 | Long             | DBT              | CORP              | US        |    200000 | PA      | $178418.19    | 0.10%             | 2031-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Argent Securities Inc.                        | Ameriquest Mortgage Securities Trust                                                                 | CUSIP: 03076MAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1948050 | PA      | $567156.29    | 0.33%             | 2036-10-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| AMFAM HOLDINGS INC                            | AmFam Holdings, Inc.                                                                                 | CUSIP: 03115AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $170201.10    | 0.10%             | 2031-03-11      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| Anchorage Credit Funding Ltd.                 | Anchorage Credit Funding 4 Ltd.                                                                      | CUSIP: 03329TAG9<br>LEI: 549300VR9XUOV1E0U888 | Long             | ABS-O            | CORP              | KY        |    750000 | PA      | $716776.80    | 0.41%             | 2039-04-27      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                      | Angel Oak Mortgage Trust                                                                             | CUSIP: 03465WAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    158813 | PA      | $156818.12    | 0.09%             | 2067-09-26      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                        | Anglo American Capital plc                                                                           | CUSIP: 034863AW0<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $207474.77    | 0.12%             | 2030-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                      | Angel Oak Mortgage Trust                                                                             | CUSIP: 034942AC6<br>LEI: 254900NLG610771ZLP05 | Long             | ABS-MBS          | CORP              | US        |    389906 | PA      | $391131.87    | 0.23%             | 2069-01-25      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| APOLLO MANAGEMENT HOLDIN                      | Apollo Management Holdings, LP                                                                       | CUSIP: 03765HAF8<br>LEI: 5493006XQW0V5K38YM64 | Long             | DBT              | CORP              | US        |     90000 | PA      | $82149.49     | 0.05%             | 2030-06-05      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Arbys Funding LLC                             | Arbys Funding LLC                                                                                    | CUSIP: 038779AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    762000 | PA      | $726840.86    | 0.42%             | 2050-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| ARES FINANCE CO II LLC                        | Ares Finance Company II LLC                                                                          | CUSIP: 04015KAB6<br>LEI: 54930012GWL4VKKENG46 | Long             | DBT              | CORP              | US        |    141000 | PA      | $131190.91    | 0.08%             | 2030-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                              | Aretec Group, Inc.                                                                                   | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    100000 | PA      | $109891.90    | 0.06%             | 2030-08-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                   | Ares Direct Lending CLO 1 LLC                                                                        | CUSIP: 04020RAC2<br>LEI: 254900W79C3ALKJIMH12 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250791.28    | 0.14%             | 2036-04-25      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                   | Ares Direct Lending CLO 2 LLC                                                                        | CUSIP: 04021CAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    100000 | PA      | $100115.25    | 0.06%             | 2036-10-20      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                        | Arsenal AIC Parent LLC                                                                               | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $106719.00    | 0.06%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ASCOT GROUP LTD                               | Ascot Group Ltd.                                                                                     | CUSIP: 04365XAB4<br>LEI: 213800DJV7WRJBE2II28 | Long             | DBT              | CORP              | BM        |    150000 | PA      | $154771.74    | 0.09%             | 2035-06-15      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| ASPEN INSURANCE HLDG LTD                      | Aspen Insurance Holdings Ltd.                                                                        | CUSIP: 04530DAE2<br>LEI: 549300YX6HECG9XQCQ75 | Long             | DBT              | CORP              | BM        |     50000 | PA      | $50826.38     | 0.03%             | 2030-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ASSURED GUARANTY US HLDG                      | Assured Guaranty US Holdings, Inc.                                                                   | CUSIP: 04621WAE0<br>LEI: 5493007YCE0652G9TZ64 | Long             | DBT              | CORP              | US        |    100000 | PA      | $68114.68     | 0.04%             | 2051-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| ASSURANT INC                                  | Assurant, Inc.                                                                                       | CUSIP: 04621XAN8<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |     68000 | PA      | $57952.81     | 0.03%             | 2032-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| ASSURANT INC                                  | Assurant, Inc.                                                                                       | CUSIP: 04621XAP3<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201067.86    | 0.12%             | 2026-02-27      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| ATLASSIAN CORPORATION                         | Atlassian Corp.                                                                                      | CUSIP: 049468AB7<br>LEI: 549300V7ZY5P02D2MY38 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82148.23     | 0.05%             | 2034-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                        | BP Capital Markets plc                                                                               | CUSIP: 05565QDV7<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | US        |    516000 | PA      | $510652.71    | 0.29%             | N/A             | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                       | BPCE S.A.                                                                                            | CUSIP: 05571AAS4<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $274657.69    | 0.16%             | 2034-10-19      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                                      | BXMT Ltd.                                                                                            | CUSIP: 05608XAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    250000 | PA      | $243860.08    | 0.14%             | 2037-11-15      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| BX Trust                                      | BX Commercial Mortgage Trust                                                                         | CUSIP: 05609VAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    339090 | PA      | $337500.36    | 0.19%             | 2036-09-15      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| BX Trust                                      | BX Commercial Mortgage Trust                                                                         | CUSIP: 05610HAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $349125.00    | 0.20%             | 2039-02-15      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                       | BPCE S.A.                                                                                            | CUSIP: 056121AA4<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $254560.70    | 0.15%             | 2031-05-28      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| BX Trust                                      | BX Trust                                                                                             | CUSIP: 05612TAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $99937.50     | 0.06%             | 2029-07-15      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| BX Trust                                      | BX Trust                                                                                             | CUSIP: 05612TAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $149678.73    | 0.09%             | 2029-07-15      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| BrightSpire Capital, Inc                      | BRSP Ltd.                                                                                            | CUSIP: 05613BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    250000 | PA      | $249735.23    | 0.14%             | 2037-08-19      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| BSPDF Issuer Ltd                              | BSPDF 2025-FL2 Issuer LLC                                                                            | CUSIP: 05615KAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100217.06    | 0.06%             | 2042-12-15      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                          | Bank of America Corp.                                                                                | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    100000 | NS      | $98122.75     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                        | Bank of New York Mellon Corp.                                                                        | CUSIP: 064058AL4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |    400000 | NS      | $390664.43    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| BEACON FUNDING TRUST                          | Beacon Funding Trust                                                                                 | CUSIP: 073952AB9<br>LEI: 984500A80A2EBF5A7C93 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148487.56    | 0.09%             | 2054-08-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| BECLE SA DE CV                                | Becle, SAB de CV                                                                                     | CUSIP: 07586PAA9<br>LEI: 529900JY55CZKMJLCE09 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $165748.74    | 0.10%             | 2031-10-14      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                                   | Bell Telephone Company of Canada or Bell Canada                                                      | CUSIP: 0778FPAQ2<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $152144.47    | 0.09%             | 2055-09-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| BELROSE FUNDING TRUST II                      | Belrose Funding Trust II                                                                             | CUSIP: 08079KAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $153328.58    | 0.09%             | 2055-05-15      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                              | Berry Global, Inc.                                                                                   | CUSIP: 08576BAB8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    130000 | PA      | $136605.63    | 0.08%             | 2031-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                              | Berry Global, Inc.                                                                                   | CUSIP: 08576PAH4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49106.05     | 0.03%             | 2026-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                   | BNP Paribas S.A.                                                                                     | CUSIP: 09659W2W3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $205363.42    | 0.12%             | 2030-05-20      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                     | Boeing Co.                                                                                           | CUSIP: 097023CQ6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     73000 | PA      | $51552.24     | 0.03%             | 2050-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                 | Boeing Co.                                                                                           | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    137000 | PA      | $148854.39    | 0.09%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                 | Boeing Co.                                                                                           | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     50000 | PA      | $54735.79     | 0.03%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                | BRAVO Residential Funding Trust                                                                      | CUSIP: 10570FAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    166906 | PA      | $167873.63    | 0.10%             | 2063-12-01      | Variable      | 6.40%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                | BRAVO Residential Funding Trust                                                                      | CUSIP: 105933AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200710 | PA      | $197735.52    | 0.11%             | 2062-05-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                | Brink's Co.                                                                                          | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |     86000 | PA      | $88648.26     | 0.05%             | 2029-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                | Brink's Co.                                                                                          | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156209.55    | 0.09%             | 2032-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BRITISH AIR 21-1 A PPT                        | British Airways Class A Pass Through Trust                                                           | CUSIP: 11042CAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     83122 | PA      | $74865.49     | 0.04%             | 2035-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Guggenheim Partners Investment Management LLC | Guggenheim Variable Insurance Strategy Fund III                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | RF                | US        |   1504508 | NS      | $37522426.80  | 21.62%            |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                      | British Telecommunications plc                                                                       | CUSIP: 11102AAG6<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $320462.56    | 0.18%             | 2081-11-23      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                  | Broadcom, Inc.                                                                                       | CUSIP: 11135FBQ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     26000 | PA      | $21553.75     | 0.01%             | 2036-11-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                  | Broadcom, Inc.                                                                                       | CUSIP: 11135FBV2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    277000 | PA      | $268835.12    | 0.15%             | 2037-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                        | Brookfield Finance, Inc.                                                                             | CUSIP: 11271LAB8<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $42491.27     | 0.02%             | 2047-09-20      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                        | Brookfield Finance, Inc.                                                                             | CUSIP: 11271LAF9<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    280000 | PA      | $189940.29    | 0.11%             | 2051-03-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                        | Brookfield Finance, Inc.                                                                             | CUSIP: 11271LAM4<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $102630.26    | 0.06%             | 2035-01-15      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| BROOKFLD FIN LLC/FIN INC                      | Brookfield Finance LLC / Brookfield Finance, Inc.                                                    | CUSIP: 11271RAB5<br>LEI: 549300E643C5WZF8BL44 | Long             | DBT              | CORP              | US        |     50000 | PA      | $33884.49     | 0.02%             | 2050-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| BROOKLYN UNION GAS CO                         | Brooklyn Union Gas Co.                                                                               | CUSIP: 114259AX2<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |    100000 | PA      | $106378.38    | 0.06%             | 2033-09-15      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                             | Brown & Brown, Inc.                                                                                  | CUSIP: 115236AC5<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     90000 | PA      | $79222.90     | 0.05%             | 2031-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                             | Brown & Brown, Inc.                                                                                  | CUSIP: 115236AG6<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102716.48    | 0.06%             | 2034-06-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                             | Brown & Brown, Inc.                                                                                  | CUSIP: 115236AM3<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25493.43     | 0.01%             | 2035-06-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                             | Brown & Brown, Inc.                                                                                  | CUSIP: 115236AN1<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25770.15     | 0.01%             | 2055-06-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BX Trust                                      | BX Commercial Mortgage Trust                                                                         | CUSIP: 12433CAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    194144 | PA      | $194507.92    | 0.11%             | 2039-08-15      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                                      | BXMT Ltd.                                                                                            | CUSIP: 12434LAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $990356.80    | 0.57%             | 2038-02-15      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                              | Paramount Global                                                                                     | CUSIP: 124857AF0<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     86000 | PA      | $78420.80     | 0.05%             | 2040-10-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                              | Paramount Global                                                                                     | CUSIP: 124857AK9<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    132000 | PA      | $101815.39    | 0.06%             | 2044-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                       | CARS-DB4, LP                                                                                         | CUSIP: 12510HAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    244948 | PA      | $229619.52    | 0.13%             | 2050-02-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                       | CARS-DB5, LP                                                                                         | CUSIP: 12510HAN0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    493854 | PA      | $413806.84    | 0.24%             | 2051-08-15      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                       | CF Hippolyta Issuer LLC                                                                              | CUSIP: 12530MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    224863 | PA      | $222490.58    | 0.13%             | 2060-07-15      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                       | CF Hippolyta Issuer LLC                                                                              | CUSIP: 12530MAM7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    244283 | PA      | $245605.77    | 0.14%             | 2062-08-15      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trus                | CFCRE Commercial Mortgage Trust                                                                      | CUSIP: 12531WBC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3933186 | PA      | $8666.77      | 0.00%             | 2048-01-10      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                               | CLI Funding VIII LLC                                                                                 | CUSIP: 12565KAA5<br>LEI: 254900Z4P82YK31RVL27 | Long             | ABS-O            | CORP              | US        |    265440 | PA      | $243347.00    | 0.14%             | 2046-02-18      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| CMFT Net Lease Master Issuer L                | CMFT Net Lease Master Issuer LLC                                                                     | CUSIP: 12575AAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $344137.32    | 0.20%             | 2051-07-20      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                               | CMS Energy Corp.                                                                                     | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    140000 | PA      | $140335.02    | 0.08%             | 2055-06-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                           | COMM Mortgage Trust                                                                                  | CUSIP: 12593QBF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3387211 | PA      | $76.21        | 0.00%             | 2048-10-10      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| CNO FINANCIAL GROUP INC                       | CNO Financial Group, Inc.                                                                            | CUSIP: 12621E301<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EP               | CORP              | US        |      6000 | NS      | $103380.00    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CNO FINANCIAL GROUP INC                       | CNO Financial Group, Inc.                                                                            | CUSIP: 12621EAL7<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50438.20     | 0.03%             | 2029-05-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CNO FINANCIAL GROUP INC                       | CNO Financial Group, Inc.                                                                            | CUSIP: 12621EAM5<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | DBT              | CORP              | US        |    170000 | PA      | $178285.12    | 0.10%             | 2034-06-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                              | CSC Holdings LLC                                                                                     | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $141102.52    | 0.08%             | 2030-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                  | Credit Suisse Mortgage Capital Certificates                                                          | CUSIP: 12658XAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    342918 | PA      | $339600.73    | 0.20%             | 2061-02-25      | Variable      | 3.78%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                  | CSMC Trust                                                                                           | CUSIP: 12662GAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    302145 | PA      | $300927.48    | 0.17%             | 2060-12-27      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                               | CVS Health Corp.                                                                                     | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150326.64    | 0.09%             | 2054-12-10      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                                 | Cable One, Inc.                                                                                      | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |     60000 | PA      | $47271.85     | 0.03%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                      | Capital One Financial Corp.                                                                          | CUSIP: 14040HDA0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    150000 | PA      | $159690.51    | 0.09%             | 2034-06-08      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitiza                | Castlelake Aircraft Structured Trust                                                                 | CUSIP: 14856GAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     52655 | PA      | $51876.00     | 0.03%             | 2046-01-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitiza                | Castlelake Aircraft Structured Trust                                                                 | CUSIP: 14856VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    243364 | PA      | $246756.77    | 0.14%             | 2050-02-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                       | Central Garden & Pet Co.                                                                             | CUSIP: 153527AP1<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |     42000 | PA      | $38990.11     | 0.02%             | 2031-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Cerberus                                      | Cerberus Loan Funding 50 LLC                                                                         | CUSIP: 15673UAC1<br>LEI: 635400VJODJ5OZQ2H763 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500000.00    | 0.29%             | 2037-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cerberus                                      | Cerberus Loan Funding XLIV LLC                                                                       | CUSIP: 15674DAA2<br>LEI: 6354005DPIRML7EMPA20 | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $702418.08    | 0.40%             | 2036-01-15      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| Cerberus                                      | Cerberus Loan Funding XLIV LLC                                                                       | CUSIP: 15674DAC8<br>LEI: 6354005DPIRML7EMPA20 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251391.53    | 0.14%             | 2036-01-15      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| Cerberus                                      | Cerberus Loan Funding XXXIII, LP                                                                     | CUSIP: 15674PAA5<br>LEI: 54930000UKAI7FBHXD27 | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $501219.85    | 0.29%             | 2033-07-23      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Cerberus                                      | Cerberus Loan Funding XXXIII, LP                                                                     | CUSIP: 15674PAC1<br>LEI: 54930000UKAI7FBHXD27 | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $501717.70    | 0.29%             | 2033-07-23      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Cerberus                                      | Cerberus Loan Funding XL LLC                                                                         | CUSIP: 15675AAA7<br>LEI: 635400FRD1HEGKSHCI69 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $501782.90    | 0.29%             | 2035-03-22      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Cerberus                                      | Cerberus Loan Funding XLII LLC                                                                       | CUSIP: 15675CAA3<br>LEI: 635400CIKKARDIZZL727 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $501861.55    | 0.29%             | 2035-09-13      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| Cerberus                                      | Cerberus Loan Funding XLVII LLC                                                                      | CUSIP: 156945AC1<br>LEI: 635400CIDEC6DQX2EU90 | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $300919.50    | 0.17%             | 2036-07-15      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                      | Charter Communications Operating LLC / Charter Communications Operating Capital                      | CUSIP: 161175CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     32000 | PA      | $21961.91     | 0.01%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                      | Cheniere Energy Partners, LP                                                                         | CUSIP: 16411QAS0<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154045.56    | 0.09%             | 2034-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                      | Cheniere Energy Partners, LP                                                                         | CUSIP: 16411QAV3<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50393.11     | 0.03%             | 2035-10-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTL INC                        | Choice Hotels International, Inc.                                                                    | CUSIP: 169905AG1<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |    360000 | PA      | $333879.42    | 0.19%             | 2031-01-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTL INC                        | Choice Hotels International, Inc.                                                                    | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30234.03     | 0.02%             | 2034-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES GLOBA                      | Citadel Securities Global Holdings LLC                                                               | CUSIP: 17289RAB2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256505.78    | 0.15%             | 2035-06-18      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                 | Citigroup Commercial Mortgage Trust                                                                  | CUSIP: 17290XAY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2670216 | PA      | $9431.47      | 0.01%             | 2049-04-10      | Variable      | 1.64%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                 | Citigroup, Inc.                                                                                      | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    590000 | PA      | $535077.75    | 0.31%             | 2031-06-03      | Variable      | 2.57%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                 | Citigroup, Inc.                                                                                      | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    200000 | NS      | $197246.55    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                 | Citigroup, Inc.                                                                                      | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    300000 | NS      | $302209.20    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLATION SOFTWARE                        | Constellation Software, Inc.                                                                         | CUSIP: 21037XAD2<br>LEI: 549300B6PYHMCTDWQV29 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $102008.63    | 0.06%             | 2034-02-16      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Copper River CLO Ltd                          | Copper River CLO Ltd.                                                                                | CUSIP: 217563AC9<br>LEI: 5493005HHHXVM8NBWY47 | Long             | ABS-O            | CORP              | KY        |    600000 | PA      | $60.00        | 0.00%             | 2021-01-20      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| COSTAR GROUP INC                              | CoStar Group, Inc.                                                                                   | CUSIP: 22160NAA7<br>LEI: 984500Q1D53D08E2E698 | Long             | DBT              | CORP              | US        |    430000 | PA      | $388522.76    | 0.22%             | 2030-07-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                            | Credit Agricole S.A.                                                                                 | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $254661.87    | 0.15%             | 2031-05-27      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                            | Energy Transfer, LP                                                                                  | CUSIP: 226373AT5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52392.05     | 0.03%             | 2031-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                        | Cushman & Wakefield US Borrower LLC                                                                  | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35298.94     | 0.02%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                         | DB Master Finance LLC                                                                                | CUSIP: 233046AK7<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |     94250 | PA      | $93428.55     | 0.05%             | 2049-05-20      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                           | Dow Chemical Co.                                                                                     | CUSIP: 260543DH3<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    110000 | PA      | $118333.23    | 0.07%             | 2053-05-15      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Dreyfus Treasury Obligations C                | Dreyfus Treasury Obligations Cash Management Fund - Institutional Shares                             | CUSIP: N/A<br>LEI: 549300MKKM9KT7BF6329       | Long             | STIV             | RF                | US        |   3865300 | NS      | $3865300.48   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Dryden Senior Loan Fund                       | Dryden 37 Senior Loan Fund                                                                           | CUSIP: 26249MAQ0<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-O            | CORP              | KY        |    367868 | PA      | $367972.40    | 0.21%             | 2031-01-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                       | Dryden 37 Senior Loan Fund                                                                           | CUSIP: 26249MAS6<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-O            | CORP              | KY        |    333333 | PA      | $335499.66    | 0.19%             | 2031-01-15      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                       | Dryden 37 Senior Loan Fund                                                                           | CUSIP: 26249YAE1<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-O            | CORP              | KY        |    298799 | PA      | $1560.75      | 0.00%             | 2031-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                              | Enstar Group Ltd.                                                                                    | CUSIP: 29359UAD1<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |    100000 | PA      | $102864.80    | 0.06%             | 2045-04-01      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| EQUINIX EU 2 FINANCING C                      | Equinix Europe 2 Financing Corporation LLC                                                           | CUSIP: 29390XAA2<br>LEI: 254900FSZR46BPMCKI50 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71688.07     | 0.04%             | 2034-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EQT AB                                        | Equities AB                                                                                          | CUSIP: 29439EAA7<br>LEI: 213800U7P9GOIRKCTB34 | Long             | DBT              | CORP              | SE        |    200000 | PA      | $204070.14    | 0.12%             | 2035-05-08      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| EQUITABLE HOLDINGS INC                        | Equitable Holdings, Inc.                                                                             | CUSIP: 29452EAD3<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |    202000 | PA      | $206820.93    | 0.12%             | 2055-03-28      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                   | FIGRE Trust                                                                                          | CUSIP: 30191LAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    180445 | PA      | $182413.47    | 0.11%             | 2055-01-25      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                   | Extended Stay America Trust                                                                          | CUSIP: 30227FAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    214432 | PA      | $214699.97    | 0.12%             | 2038-07-15      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                           | FS KKR Capital Corp.                                                                                 | CUSIP: 302635AH0<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    250000 | PA      | $239725.26    | 0.14%             | 2027-01-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                           | FS KKR Capital Corp.                                                                                 | CUSIP: 302635AL1<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    200000 | PA      | $191801.88    | 0.11%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                          | FS Rialto Issuer LLC                                                                                 | CUSIP: 30340KAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $98921.14     | 0.06%             | 2042-08-19      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                        | Fairfax Financial Holdings Ltd.                                                                      | CUSIP: 303901BJ0<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $232034.78    | 0.13%             | 2031-03-03      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                        | Fairfax Financial Holdings Ltd.                                                                      | CUSIP: 303901BL5<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $102701.77    | 0.06%             | 2032-08-16      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                        | Fairfax Financial Holdings Ltd.                                                                      | CUSIP: 303901BV3<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $101389.67    | 0.06%             | 2035-05-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Falcon Aerospace Ltd                          | Falcon Aerospace Ltd.                                                                                | CUSIP: 30605YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     14720 | PA      | $14513.58     | 0.01%             | 2042-02-15      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| FARMERS INS EXCH                              | Farmers Insurance Exchange                                                                           | CUSIP: 309601AG7<br>LEI: 549300UWG2TLX1GZVT44 | Long             | DBT              | CORP              | US        |    180000 | PA      | $178667.71    | 0.10%             | 2064-10-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac                                                                                          | CUSIP: 3132DQAZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    798007 | PA      | $785596.49    | 0.45%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac                                                                                          | CUSIP: 3132DVMN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    916821 | PA      | $928343.67    | 0.53%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac                                                                                          | CUSIP: 3132DWDS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1511277 | PA      | $1309972.70   | 0.75%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FED HOME LN DISCOUNT NT                       | Federal Home Loan Bank                                                                               | CUSIP: 313385HP4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    600000 | PA      | $600000.00    | 0.35%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac                                                                                          | CUSIP: 3133KQWZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    427798 | PA      | $420325.43    | 0.24%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac                                                                                          | CUSIP: 3133KRFC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    218616 | PA      | $219882.03    | 0.13%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                | Fannie Mae-Aces                                                                                      | CUSIP: 3136B9J32<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2488049 | PA      | $204321.55    | 0.12%             | 2035-03-25      | Variable      | 1.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae                                                                                           | CUSIP: 3140QR2M4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    893233 | PA      | $883616.86    | 0.51%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae                                                                                           | CUSIP: 3140QSAM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    791122 | PA      | $777929.22    | 0.45%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae                                                                                           | CUSIP: 3140QSFR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    173594 | PA      | $170834.15    | 0.10%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae                                                                                           | CUSIP: 3140QSTU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    497808 | PA      | $490040.38    | 0.28%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae                                                                                           | CUSIP: 3140QVE59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1028375 | PA      | $1053108.14   | 0.61%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae                                                                                           | CUSIP: 3140QVEQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1035200 | PA      | $1040356.39   | 0.60%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae                                                                                           | CUSIP: 3140W1UF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    419166 | PA      | $420281.76    | 0.24%             | 2055-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae                                                                                           | CUSIP: 3140XKXB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    812861 | PA      | $800366.47    | 0.46%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae                                                                                           | CUSIP: 3140XLLJ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    562981 | PA      | $554313.16    | 0.32%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae                                                                                           | CUSIP: 3140Y6PR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    664220 | PA      | $665988.53    | 0.38%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac                                                                                          | CUSIP: 31427NHN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    419384 | PA      | $420500.20    | 0.24%             | 2055-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                                    | FedEx Corp.                                                                                          | CUSIP: 31428XCS3<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |     75000 | PA      | $57334.34     | 0.03%             | 2045-02-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac                                                                                          | CUSIP: 3142GSFG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    364012 | PA      | $373499.91    | 0.22%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac                                                                                          | CUSIP: 3142GSN38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    368816 | PA      | $377956.89    | 0.22%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac                                                                                          | CUSIP: 3142GSVG0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    635626 | PA      | $640364.54    | 0.37%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac                                                                                          | CUSIP: 3142GSWQ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    625923 | PA      | $640879.94    | 0.37%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FERGUSON FINANCE PLC                          | Ferguson Finance plc                                                                                 | CUSIP: 314890AD6<br>LEI: 2138003A7ZEU931DZL61 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $195380.72    | 0.11%             | 2032-04-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL FINANCIAL                       | Fidelity National Financial, Inc.                                                                    | CUSIP: 31620RAK1<br>LEI: 549300CAZYIH39SYQ287 | Long             | DBT              | CORP              | US        |    150000 | PA      | $130183.50    | 0.08%             | 2031-03-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                   | FIGRE Trust                                                                                          | CUSIP: 31684GAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    321489 | PA      | $326474.96    | 0.19%             | 2054-07-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                   | FIGRE Trust                                                                                          | CUSIP: 31684HAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     73586 | PA      | $74960.21     | 0.04%             | 2054-03-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                   | FIGRE Trust                                                                                          | CUSIP: 31684UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     84298 | PA      | $84292.94     | 0.05%             | 2054-09-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                   | FIGRE Trust                                                                                          | CUSIP: 316927AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    232049 | PA      | $236908.54    | 0.14%             | 2054-05-25      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| FIRST AMERICAN FINANCIAL                      | First American Financial Corp.                                                                       | CUSIP: 31847RAG7<br>LEI: 549300B6VEZK3N0A1P55 | Long             | DBT              | CORP              | US        |    360000 | PA      | $344865.84    | 0.20%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| First Franklin Mtg Loan Asset                 | First Franklin Mortgage Loan Trust                                                                   | CUSIP: 320275AE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    797450 | PA      | $321557.04    | 0.19%             | 2036-12-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| FIRST REPUBLIC BANK                           | First Republic Bank                                                                                  | CUSIP: 33616C696<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |       675 | NS      | $0.14         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRST REPUBLIC BANK                           | First Republic Bank                                                                                  | CUSIP: 33616C746<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |     16525 | NS      | $3.31         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                          | FirstKey Homes Trust                                                                                 | CUSIP: 33767JBA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $98931.48     | 0.06%             | 2037-10-19      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                          | FirstKey Homes Trust                                                                                 | CUSIP: 33767JBC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $148602.57    | 0.09%             | 2037-10-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                          | FirstKey Homes Trust                                                                                 | CUSIP: 33767JBE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $148741.34    | 0.09%             | 2037-10-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                          | FirstKey Homes Trust                                                                                 | CUSIP: 33767WAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $579894.96    | 0.33%             | 2038-08-17      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                    | Fiserv, Inc.                                                                                         | CUSIP: 337738BN7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50182.78     | 0.03%             | 2034-08-12      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Five Guys Funding, LLC                        | Five Guys Holdings, Inc.                                                                             | CUSIP: 33830JAE5<br>LEI: 549300XWT8G8Q3Z3HJ19 | Long             | ABS-O            | CORP              | US        |    149250 | PA      | $154226.17    | 0.09%             | 2054-01-26      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| FLOWSERVE CORPORATION                         | Flowserve Corp.                                                                                      | CUSIP: 34354PAF2<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | DBT              | CORP              | US        |    270000 | PA      | $251945.76    | 0.15%             | 2030-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FLOWSERVE CORPORATION                         | Flowserve Corp.                                                                                      | CUSIP: 34355JAB4<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | DBT              | CORP              | US        |    100000 | PA      | $86972.96     | 0.05%             | 2032-01-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                          | Flutter Treasury Designated Activity Co.                                                             | CUSIP: 344045AA7<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $206008.60    | 0.12%             | 2029-04-29      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FORT MOORE FAMILY LLC                         | Fort Moore Family Communities LLC                                                                    | CUSIP: 346845AK6<br>LEI: 254900O8GC3CHW0PH218 | Long             | DBT              | CORP              | US        |    450019 | PA      | $404004.03    | 0.23%             | 2051-01-15      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| Fortress Credit BSL Limited                   | Fortress Credit BSL XV Ltd.                                                                          | CUSIP: 34964WAQ5<br>LEI: 254900VHYDP7XYPMH337 | Long             | ABS-O            | CORP              | JE        |    300000 | PA      | $301597.32    | 0.17%             | 2033-10-18      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| FORTITUDE GROUP HOLDINGS                      | Fortitude Group Holdings LLC                                                                         | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102880.96    | 0.06%             | 2030-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                         | Foundry JV Holdco LLC                                                                                | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203225.60    | 0.12%             | 2034-01-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                         | Foundry JV Holdco LLC                                                                                | CUSIP: 350930AJ2<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $208177.25    | 0.12%             | 2037-01-25      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Military Housing B                | Freddie Mac Military Housing Bonds Resecuritization Trust Certificates                               | CUSIP: 35563CAD0<br>LEI: 549300ZG8WH0M4JSUM77 | Long             | ABS-MBS          | USGSE             | US        |    877820 | PA      | $764337.57    | 0.44%             | 2055-11-25      | Variable      | 4.49%                 | No            |                  2 | On Loan: No      |
| GCAT                                          | GCAT Trust                                                                                           | CUSIP: 36169GAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    345433 | PA      | $349351.30    | 0.20%             | 2068-08-25      | Variable      | 6.89%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                       | GLP Capital Limited Partnership / GLP Financing II, Inc.                                             | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $252772.00    | 0.15%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                       | GLP Capital Limited Partnership / GLP Financing II, Inc.                                             | CUSIP: 361841AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290000 | PA      | $273340.28    | 0.16%             | 2031-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GMAC Commercial Mortgage Asset                | GMAC Commercial Mortgage Asset Corp.                                                                 | CUSIP: 36186YAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    894327 | PA      | $810254.71    | 0.47%             | 2052-08-10      | Fixed         | 6.11%                 | No            |                  3 | On Loan: No      |
| GS Mortgage Securities Trust                  | GS Mortgage Securities Trust                                                                         | CUSIP: 36258YBJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9286085 | PA      | $209969.53    | 0.12%             | 2053-02-13      | Variable      | 0.61%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                             | GXO Logistics, Inc.                                                                                  | CUSIP: 36262GAF8<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104400.45    | 0.06%             | 2029-05-06      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                             | GXO Logistics, Inc.                                                                                  | CUSIP: 36262GAG6<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104601.33    | 0.06%             | 2034-05-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                        | Galaxy Pipeline Assets Bidco Ltd.                                                                    | CUSIP: 36321PAC4<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |    328000 | PA      | $255447.27    | 0.15%             | 2040-09-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GINKGO BIOWORKS HOLDINGS INC                  | Ginkgo Bioworks Holdings, Inc.                                                                       | CUSIP: 37611X118<br>LEI: N/A                  | N/A              | DE               |  | US        |       684 | NS      | $8.21         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC                           | Global Payments, Inc.                                                                                | CUSIP: 37940XAD4<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    195000 | PA      | $179281.11    | 0.10%             | 2030-05-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                           | Global Payments, Inc.                                                                                | CUSIP: 37940XAH5<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    140000 | PA      | $123826.46    | 0.07%             | 2031-11-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| GLOBE LIFE INC                                | Globe Life, Inc.                                                                                     | CUSIP: 37959EAC6<br>LEI: 5493001JFHKQOPP6XA71 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67298.59     | 0.04%             | 2034-09-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC                               | Global Atlantic Finance Co.                                                                          | CUSIP: 37959GAC1<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245413.76    | 0.14%             | 2051-10-15      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                        | Global Atlantic Finance Co.                                                                          | CUSIP: 37959GAD9<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    150000 | PA      | $169899.19    | 0.10%             | 2033-06-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                       | Goldman Sachs Group, Inc.                                                                            | CUSIP: 38141GA79<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |    100000 | NS      | $105292.70    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                       | Goldman Sachs Group, Inc.                                                                            | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |    250000 | NS      | $257997.07    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                       | Goldman Sachs Group, Inc.                                                                            | CUSIP: 38144GAE1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |    150000 | NS      | $147648.38    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd                | Golub Capital Partners CLO 54M L.P                                                                   | CUSIP: 381743AE3<br>LEI: 2549007JA1TZWEDGPD41 | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $500416.90    | 0.29%             | 2033-08-05      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd                | Golub Capital Partners CLO 33M Ltd.                                                                  | CUSIP: 38174TAE6<br>LEI: 254900T5KLBL86KP4W68 | Long             | ABS-O            | CORP              | KY        |    750000 | PA      | $749392.95    | 0.43%             | 2033-08-25      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd                | Golub Capital Partners CLO 54M L.P                                                                   | CUSIP: 38181GAG0<br>LEI: 2549007JA1TZWEDGPD41 | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $500000.00    | 0.29%             | 2037-08-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GRAHAM HOLDINGS CO                            | Graham Holdings Co.                                                                                  | CUSIP: 384637AA2<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149889.00    | 0.09%             | 2026-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                      | Greensaif Pipelines Bidco SARL                                                                       | CUSIP: 39541EAA1<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $206252.75    | 0.12%             | 2038-02-23      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                      | Greensaif Pipelines Bidco SARL                                                                       | CUSIP: 39541EAE3<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $199982.00    | 0.12%             | 2042-08-23      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING CO LLC                      | HAH Group Holding Company LLC                                                                        | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99141.32     | 0.06%             | 2031-10-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust                | HarborView Mortgage Loan Trust                                                                       | CUSIP: 41162NAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    278251 | PA      | $265201.25    | 0.15%             | 2047-01-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| HASBRO INC                                    | Hasbro, Inc.                                                                                         | CUSIP: 418056BA4<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154694.60    | 0.09%             | 2034-05-14      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| HENNEMAN TRUST                                | Henneman Trust                                                                                       | CUSIP: 425911AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $100500.50    | 0.06%             | 2055-05-15      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| HERA Commercial Mortgage Ltd                  | HERA Commercial Mortgage Ltd.                                                                        | CUSIP: 42704RAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $494130.20    | 0.28%             | 2038-02-18      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Home Equity Loan Trust                        | Home Equity Loan Trust                                                                               | CUSIP: 43710XAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    391753 | PA      | $376948.27    | 0.22%             | 2037-04-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                        | Nationstar Mortgage Holdings, Inc.                                                                   | CUSIP: 43734LAA4<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49800.58     | 0.03%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                      | Host Hotels & Resorts, LP                                                                            | CUSIP: 44107TAZ9<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |    435000 | PA      | $403908.41    | 0.23%             | 2030-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                      | Host Hotels & Resorts, LP                                                                            | CUSIP: 44107TBA3<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |     50000 | PA      | $43812.67     | 0.03%             | 2031-12-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                           | Hotwire Funding LLC                                                                                  | CUSIP: 44148JAA7<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $240556.98    | 0.14%             | 2051-11-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                           | Hotwire Funding LLC                                                                                  | CUSIP: 44148JAH2<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $152251.83    | 0.09%             | 2054-06-20      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| HUNT COS INC                                  | Hunt Companies, Inc.                                                                                 | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192710.60    | 0.11%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                             | Hyatt Hotels Corp.                                                                                   | CUSIP: 448579AJ1<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    190000 | PA      | $196540.13    | 0.11%             | 2030-04-23      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                              | ITT Holdings LLC                                                                                     | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |    248000 | PA      | $235835.87    | 0.14%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                   | State of Illinois General Obligation Unlimited                                                       | CUSIP: 452152ZB0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    311111 | PA      | $318441.37    | 0.18%             | 2038-12-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                             | Imperial Fund Mortgage Trust                                                                         | CUSIP: 45276PAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150163 | PA      | $142024.49    | 0.08%             | 2067-03-25      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES                      | International Flavors & Fragrances, Inc.                                                             | CUSIP: 459506AN1<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69321.26     | 0.04%             | 2025-10-01      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECH                       | International Game Technology plc                                                                    | CUSIP: 460599AF0<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    230000 | PA      | $229856.92    | 0.13%             | 2026-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Trust                        | Invitation Homes Trust                                                                               | CUSIP: 46188DAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $96227.19     | 0.06%             | 2041-09-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                     | IQVIA, Inc.                                                                                          | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199324.56    | 0.11%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                             | Iron Mountain, Inc.                                                                                  | CUSIP: 46284VAL5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     29000 | PA      | $28769.50     | 0.02%             | 2032-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                      | JBS USA Holding Lux SARL/ JBS USA Food Company/ JBS Lux Co SARL                                      | CUSIP: 46590XAL0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     32000 | PA      | $32733.18     | 0.02%             | 2030-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                      | JBS USA Holding Lux SARL/ JBS USA Food Company/ JBS Lux Co SARL                                      | CUSIP: 46590XAP1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $175092.42    | 0.10%             | 2032-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                      | JBS USA Holding Lux SARL/ JBS USA Food Company/ JBS Lux Co SARL                                      | CUSIP: 46590XAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $77077.54     | 0.04%             | 2052-02-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                      | JP Morgan Mortgage Trust                                                                             | CUSIP: 46592WAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    552257 | PA      | $513560.86    | 0.30%             | 2052-02-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                      | JP Morgan Mortgage Trust                                                                             | CUSIP: 46592XAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240698 | PA      | $224025.40    | 0.13%             | 2052-04-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition                | JP Morgan Mortgage Acquisition Trust                                                                 | CUSIP: 46630BAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1111408 | PA      | $575126.48    | 0.33%             | 2036-12-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMorgan Chase & Co.                                                                                 | CUSIP: 46647PDR4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    305000 | PA      | $313790.58    | 0.18%             | 2034-06-01      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| Jol Air                                       | JOL Air Ltd.                                                                                         | CUSIP: 46651NAA2<br>LEI: 549300TS4MUGCDXPW498 | Long             | ABS-O            | CORP              | KY        |    275136 | PA      | $272390.30    | 0.16%             | 2044-04-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                       | Jane Street Group / JSG Finance, Inc.                                                                | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $168345.12    | 0.10%             | 2031-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO                      | JBS USA Holding Lux Sarl / JBS USA Foods Group Holdings Incorporated / JBS USA Food Co.              | CUSIP: 472140AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $75110.25     | 0.04%             | 2036-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                      | Jefferies Finance LLC / JFIN Company-Issuer Corp.                                                    | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $241668.98    | 0.14%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                       | Jefferies Financial Group, Inc.                                                                      | CUSIP: 47233JDX3<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    300000 | PA      | $252510.88    | 0.15%             | 2032-10-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                       | Jefferies Financial Group, Inc.                                                                      | CUSIP: 47233JGT9<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    100000 | PA      | $87005.14     | 0.05%             | 2031-10-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                       | Jefferies Financial Group, Inc.                                                                      | CUSIP: 47233WEJ4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104601.78    | 0.06%             | 2034-04-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMorgan Chase & Co.                                                                                 | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |    110000 | NS      | $113605.14    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMorgan Chase & Co.                                                                                 | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |    250000 | NS      | $245941.40    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| KKR GROUP FINAN CO VIII                       | KKR Group Finance Company VIII LLC                                                                   | CUSIP: 48252MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $129624.53    | 0.07%             | 2050-08-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KKR CORE HOLDING COMPANY LLC                  | KKR Core Holding Company LLC                                                                         | CUSIP: N/A<br>LEI: 5493007DXHDGV3QWWI42       | Long             | ABS-O            | CORP              | US        |    480253 | PA      | $440635.21    | 0.25%             | 2031-08-12      | Fixed         | 4.00%                 | No            |                  3 | On Loan: No      |
| KREF 2021-FL2 Ltd                             | KREF Ltd.                                                                                            | CUSIP: 48275RAC1<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-O            | CORP              | KY        |    150000 | PA      | $149514.69    | 0.09%             | 2039-02-15      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| KREF 2021-FL2 Ltd                             | KREF Ltd.                                                                                            | CUSIP: 48275RAG2<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $496157.70    | 0.29%             | 2039-02-15      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| KEMPER CORP                                   | Kemper Corp.                                                                                         | CUSIP: 488401AC4<br>LEI: 549300FNI1JKTRY2PV09 | Long             | DBT              | CORP              | US        |     66000 | PA      | $57670.68     | 0.03%             | 2030-09-30      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                             | Kinder Morgan, Inc.                                                                                  | CUSIP: 49456BAX9<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150711.72    | 0.09%             | 2033-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| KROGER CO                                     | Kroger Co.                                                                                           | CUSIP: 501044DW8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94925.21     | 0.05%             | 2054-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KUVARE US HOLDINGS INC                        | Kuvare US Holdings, Inc.                                                                             | CUSIP: 50149XAA2<br>LEI: 254900MGBERNLZXF7O58 | Long             | EP               | CORP              | US        |    100000 | NS      | $99714.11     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                              | LG Energy Solution Ltd.                                                                              | CUSIP: 50205MAE9<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $196220.28    | 0.11%             | 2034-07-02      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                              | LPL Holdings, Inc.                                                                                   | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    174000 | PA      | $169028.58    | 0.10%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                              | LPL Holdings, Inc.                                                                                   | CUSIP: 50212YAK0<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    160000 | PA      | $165451.78    | 0.10%             | 2034-05-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| THL Credit Lake Shore MM CLO I                | THL Credit Lake Shore MM CLO I Ltd.                                                                  | CUSIP: 510800AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    463982 | PA      | $465319.59    | 0.27%             | 2033-04-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| LAZARD GROUP LLC                              | Lazard Group LLC                                                                                     | CUSIP: 52107QAL9<br>LEI: FI94J2CJ1D7BIGVMS874 | Long             | DBT              | CORP              | US        |    250000 | PA      | $262518.37    | 0.15%             | 2031-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust                   | Legacy Mortgage Asset Trust                                                                          | CUSIP: 52474XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    313087 | PA      | $312091.09    | 0.18%             | 2061-07-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust                   | Legacy Mortgage Asset Trust                                                                          | CUSIP: 52475XAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    301587 | PA      | $301014.69    | 0.17%             | 2067-07-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                         | Level 3 Financing, Inc.                                                                              | CUSIP: 527298BV4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     71086 | PA      | $81541.94     | 0.05%             | 2029-11-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                         | Level 3 Financing, Inc.                                                                              | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    330000 | PA      | $286275.00    | 0.16%             | 2030-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                         | Level 3 Financing, Inc.                                                                              | CUSIP: 527298CH4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     60000 | PA      | $51300.00     | 0.03%             | 2031-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                      | Liberty Mutual Group, Inc.                                                                           | CUSIP: 53079EBL7<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    554000 | PA      | $335385.69    | 0.19%             | 2061-02-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Life Financial Services Trust                 | Life Mortgage Trust                                                                                  | CUSIP: 53218CAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    175000 | PA      | $172799.85    | 0.10%             | 2038-03-15      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                      | Lloyds Banking Group plc                                                                             | CUSIP: 539439BA6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $203443.07    | 0.12%             | 2035-11-26      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer, Ltd.                         | LoanCore                                                                                             | CUSIP: 53947FAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99176.31     | 0.06%             | 2042-08-17      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| LoanCore 2021-CRE6 Issuer, Ltd                | LoanCore Issuer Ltd.                                                                                 | CUSIP: 53948HAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $495286.75    | 0.29%             | 2038-11-15      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| LSTAR Securities Investment Lt                | LSTAR Securities Investment Ltd.                                                                     | CUSIP: 54916LAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     83649 | PA      | $83779.59     | 0.05%             | 2029-01-01      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                       | MPLX, LP                                                                                             | CUSIP: 55336VBW9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45877.86     | 0.03%             | 2053-03-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                       | MPLX, LP                                                                                             | CUSIP: 55336VBZ2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142871.06    | 0.08%             | 2055-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| MSCI INC                                      | MSCI, Inc.                                                                                           | CUSIP: 55354GAM2<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138203.96    | 0.08%             | 2031-11-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                            | Macquarie Bank Ltd.                                                                                  | CUSIP: 556079AC5<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |    290000 | PA      | $272492.42    | 0.16%             | 2030-06-03      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                           | Macquarie Group Ltd.                                                                                 | CUSIP: 55607PAG0<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $176968.08    | 0.10%             | 2032-06-23      | Variable      | 2.69%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                           | Macquarie Group Ltd.                                                                                 | CUSIP: 55608JAZ1<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $218120.52    | 0.13%             | 2033-01-14      | Variable      | 2.87%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                      | Warnermedia Holdings, Inc.                                                                           | CUSIP: 55903VBC6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    400000 | PA      | $297500.00    | 0.17%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                      | Warnermedia Holdings, Inc.                                                                           | CUSIP: 55903VBE2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    196000 | PA      | $136710.00    | 0.08%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| MAPLE GROVE FUNDING TR I                      | Maple Grove Funding Trust I                                                                          | CUSIP: 565130AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $339390.47    | 0.20%             | 2051-08-15      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                        | Marriott International, Inc.                                                                         | CUSIP: 571903BS1<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100818.41    | 0.06%             | 2035-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| MASTR Asset Backed Securities                 | Master Asset-Backed Securities Trust                                                                 | CUSIP: 57645MAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1058830 | PA      | $342535.50    | 0.20%             | 2036-10-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                         | McGraw-Hill Education, Inc.                                                                          | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16096.38     | 0.01%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MEIJI YASUDA LIFE INSURA                      | Meiji Yasuda Life Insurance Co.                                                                      | CUSIP: 585270AE1<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $299418.60    | 0.17%             | 2055-06-11      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                                   | MetLife, Inc.                                                                                        | CUSIP: 59156RCA4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |    400000 | NS      | $397933.52    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| METLIFE INC                                   | MetLife, Inc.                                                                                        | CUSIP: 59156RCQ9<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154069.05    | 0.09%             | 2055-03-15      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| MIDWEST CONNECTOR CAPIT                       | Midwest Connector Capital Company LLC                                                                | CUSIP: 59833CAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $109067.44    | 0.06%             | 2029-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MILEAGE PLUS HLDINGS LLC                      | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.                           | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $140183.68    | 0.08%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                      | Mill City Securities Ltd.                                                                            | CUSIP: 59982DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    193993 | PA      | $179831.26    | 0.10%             | 2069-08-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| MINERALS TECHNOLOGIES IN                      | Minerals Technologies, Inc.                                                                          | CUSIP: 603158AA4<br>LEI: 549300D3I1QU67GP6403 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88524.90     | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                                                                       | CUSIP: 61747YFJ9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    153000 | PA      | $168651.80    | 0.10%             | 2034-11-01      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                                                                       | CUSIP: 61747YFM2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153961.12    | 0.09%             | 2039-02-07      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                                                                       | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     65000 | PA      | $68097.85     | 0.04%             | 2035-04-19      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley ReRemic Trust                  | Morgan Stanley Re-REMIC Trust                                                                        | CUSIP: 61759HBA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     24296 | PA      | $23469.86     | 0.01%             | 2036-06-26      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| MUTUAL OF OMAHA INS CO                        | Mutual of Omaha Insurance Co.                                                                        | CUSIP: 628312AE0<br>LEI: P2LER0UPV1DKOU8RO042 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49726.81     | 0.03%             | 2064-01-16      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                | NRG Energy, Inc.                                                                                     | CUSIP: 629377CP5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    200000 | PA      | $189822.21    | 0.11%             | 2027-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                | NRG Energy, Inc.                                                                                     | CUSIP: 629377CT7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    100000 | PA      | $109769.50    | 0.06%             | 2033-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                       | NYMT Loan Trust                                                                                      | CUSIP: 62956BAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    388573 | PA      | $386789.59    | 0.22%             | 2062-07-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Nassau 2019 CFO LLC                           | Nassau LLC                                                                                           | CUSIP: 63172DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75741 | PA      | $70646.15     | 0.04%             | 2034-08-15      | Fixed         | 3.98%                 | Yes           |                  2 | On Loan: No      |
| NATIONWIDE MUTUAL INSURA                      | Nationwide Mutual Insurance Co.                                                                      | CUSIP: 638671AN7<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |    370000 | PA      | $284994.07    | 0.16%             | 2050-04-30      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Navigator Aircraft ABS LLC                    | Navigator Aircraft ABS Ltd.                                                                          | CUSIP: 63943BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    355818 | PA      | $332580.16    | 0.19%             | 2046-11-15      | Variable      | 2.77%                 | No            |                  2 | On Loan: No      |
| Navigator Aviation Ltd                        | Navigator Aviation Ltd.                                                                              | CUSIP: 63943DAA7<br>LEI: 984500UF8C3O89B30652 | Long             | ABS-O            | CORP              | KY        |    235119 | PA      | $232548.66    | 0.13%             | 2049-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                 | New Residential Mortgage Loan Trust                                                                  | CUSIP: 64832BAE5<br>LEI: 213800Z6O4V4V96AU133 | Long             | ABS-MBS          | CORP              | US        |    247966 | PA      | $247506.19    | 0.14%             | 2064-09-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                 | New Residential Mortgage Loan Trust 2025-NQM3                                                        | CUSIP: 64832CAC7<br>LEI: 2138002D8CMDYG7QOU84 | Long             | ABS-MBS          | CORP              | US        |     99141 | PA      | $99731.03     | 0.06%             | 2065-05-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                        | NextEra Energy Capital Holdings, Inc.                                                                | CUSIP: 65339K837<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |      2000 | NS      | $49980.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                        | NextEra Energy Capital Holdings, Inc.                                                                | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71480.90     | 0.04%             | 2055-08-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| NIPPON LIFE INSURANCE                         | Nippon Life Insurance Co.                                                                            | CUSIP: 654579AH4<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    350000 | PA      | $304475.12    | 0.18%             | 2051-01-21      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| NIPPON LIFE INSURANCE                         | Nippon Life Insurance Co.                                                                            | CUSIP: 654579AK7<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $172263.85    | 0.10%             | 2051-09-16      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                         | Norfolk Southern Corp.                                                                               | CUSIP: 655844CJ5<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |     50000 | PA      | $34512.18     | 0.02%             | 2121-05-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Novastar Home Equity Loan                     | NovaStar Mortgage Funding Trust Series                                                               | CUSIP: 66989EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    244839 | PA      | $240652.01    | 0.14%             | 2037-09-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                           | NuStar Logistics, LP                                                                                 | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100867.90    | 0.06%             | 2027-04-28      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX Trust                                                                                            | CUSIP: 670855AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    168023 | PA      | $167863.24    | 0.10%             | 2062-11-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| OWS Structured Asset Trust                    | OSAT Trust                                                                                           | CUSIP: 67114HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    325088 | PA      | $325159.15    | 0.19%             | 2065-05-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX Trust                                                                                            | CUSIP: 67118HAD2<br>LEI: 254900OHTVKDKZL33I54 | Long             | ABS-MBS          | CORP              | US        |    179173 | PA      | $179995.11    | 0.10%             | 2063-12-25      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX Trust                                                                                            | CUSIP: 67118KAC7<br>LEI: 2549001QDCO9VU0HH514 | Long             | ABS-MBS          | CORP              | US        |    337783 | PA      | $340154.85    | 0.20%             | 2063-12-25      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX Trust                                                                                            | CUSIP: 67118LAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     70550 | PA      | $70543.57     | 0.04%             | 2062-09-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX Trust                                                                                            | CUSIP: 67118XAC9<br>LEI: 254900LMIQVUH9BFZJ05 | Long             | ABS-MBS          | CORP              | US        |    107933 | PA      | $109434.60    | 0.06%             | 2064-02-25      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX Trust                                                                                            | CUSIP: 67119CAC4<br>LEI: 254900Y1YRD8JNADSC78 | Long             | ABS-MBS          | CORP              | US        |     75250 | PA      | $76108.59     | 0.04%             | 2064-05-25      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX Trust                                                                                            | CUSIP: 67119DAC2<br>LEI: 2549004KB8X0K1PPTU08 | Long             | ABS-MBS          | CORP              | US        |     77846 | PA      | $78613.08     | 0.05%             | 2064-01-25      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX Trust                                                                                            | CUSIP: 67119EAB2<br>LEI: 254900F5LT8CA1U6PK21 | Long             | ABS-MBS          | CORP              | US        |    390208 | PA      | $392544.17    | 0.23%             | 2064-06-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX Trust                                                                                            | CUSIP: 67119PAB7<br>LEI: 254900W2SY2Z6X7UAX78 | Long             | ABS-MBS          | CORP              | US        |    198731 | PA      | $198075.53    | 0.11%             | 2064-06-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX Trust                                                                                            | CUSIP: 67448NAB4<br>LEI: 254900RDM4XSF0B1E373 | Long             | ABS-MBS          | CORP              | US        |    171095 | PA      | $172404.79    | 0.10%             | 2064-01-25      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                      | Occidental Petroleum Corp.                                                                           | CUSIP: 674599EK7<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148765.67    | 0.09%             | 2032-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ONEAMERICA FINL PARTNERS                      | OneAmerica Financial Partners, Inc.                                                                  | CUSIP: 682441AB6<br>LEI: 5493009S1SVD6UNUDB08 | Long             | DBT              | CORP              | US        |    228000 | PA      | $175486.28    | 0.10%             | 2050-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                     | ONEOK, Inc.                                                                                          | CUSIP: 682680BF9<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     50000 | PA      | $53844.50     | 0.03%             | 2051-01-15      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                     | ONEOK, Inc.                                                                                          | CUSIP: 682680CU5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101259.94    | 0.06%             | 2034-09-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                   | Oracle Corp.                                                                                         | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    217000 | PA      | $160166.54    | 0.09%             | 2051-03-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| OWENS CORNING                                 | Owens Corning                                                                                        | CUSIP: 690742AQ4<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111209.71    | 0.06%             | 2054-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                              | Owl Rock CLO IV Ltd.                                                                                 | CUSIP: 691200AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    250000 | PA      | $250593.83    | 0.14%             | 2033-08-20      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                              | Owl Rock CLO III Ltd.                                                                                | CUSIP: 69120DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    250000 | PA      | $250568.83    | 0.14%             | 2036-04-20      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                              | Owl Rock CLO XVII LLC                                                                                | CUSIP: 69121RAC3<br>LEI: 254900XW6EXYO0CEAC23 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250714.58    | 0.14%             | 2036-07-15      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| PFP III                                       | PFP Ltd.                                                                                             | CUSIP: 69291WAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     94513 | PA      | $94544.23     | 0.05%             | 2039-09-17      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC BEACON LLC                            | Pacific Beacon LLC                                                                                   | CUSIP: 69403WAC1<br>LEI: 549300RDBP3BJOLTTC39 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149063.43    | 0.09%             | 2036-07-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                    | PacifiCorp                                                                                           | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155934.06    | 0.09%             | 2055-09-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                 | Parkland Corp.                                                                                       | CUSIP: 70137WAL2<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $95756.13     | 0.06%             | 2030-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PARTNERRE FINANCE B LLC                       | PartnerRe Finance B LLC                                                                              | CUSIP: 70213BAC5<br>LEI: 549300O0FAGHK2F79881 | Long             | DBT              | CORP              | US        |    140000 | PA      | $131727.93    | 0.08%             | 2050-10-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| PENN MUTUAL LIFE INS CO                       | Penn Mutual Life Insurance Co.                                                                       | CUSIP: 707567AE3<br>LEI: BIYXEJSLUQ3IWFUXX074 | Long             | DBT              | CORP              | US        |    100000 | PA      | $64828.60     | 0.04%             | 2061-04-29      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Pershing Square Holdings, Ltd.                | Pershing Square SPARC Holdings, Ltd.                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     23402 | NS      | $2.34         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PERSHING SQUARE TONTINE HOLDINGS LTD          | Pershing Square Tontine Holdings, Ltd. - Class A                                                     | CUSIP: N/A<br>LEI: 549300ZDVEYEVCF35B08       | Long             | EC               | CORP              | US        |     76590 | NS      | $7.66         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Pershing Square Tontine Holdings, Ltd.        | Pershing Square Tontine Holdings, Ltd.                                                               | CUSIP: N/A<br>LEI: 549300ZDVEYEVCF35B08       | N/A              | DE               |  | US        |      8510 | NS      | $0.85         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                      | Plains All American Pipeline Limited Partnership / PAA Finance Corp.                                 | CUSIP: 72650RBP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $254850.33    | 0.15%             | 2034-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                             | PRPM LLC                                                                                             | CUSIP: 74390EAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     87260 | PA      | $87479.09     | 0.05%             | 2029-08-25      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                      | Prudential Financial, Inc.                                                                           | CUSIP: 744320BH4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    130000 | PA      | $118576.20    | 0.07%             | 2050-10-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS I LLC                          | QTS Issuer ABS I LLC                                                                                 | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $456018.98    | 0.26%             | 2055-05-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| QORVO INC                                     | Qorvo, Inc.                                                                                          | CUSIP: 74736KAH4<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |    119000 | PA      | $115491.25    | 0.07%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| QORVO INC                                     | Qorvo, Inc.                                                                                          | CUSIP: 74736KAJ0<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90176.13     | 0.05%             | 2031-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                      | Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc.                                           | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $324456.60    | 0.19%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                   | RCKT Mortgage Trust                                                                                  | CUSIP: 74939FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    161380 | PA      | $162791.99    | 0.09%             | 2044-06-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| REINSURANCE GRP OF AMER                       | Reinsurance Group of America, Inc.                                                                   | CUSIP: 759351AS8<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102643.29    | 0.06%             | 2034-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| REINSURANCE GRP OF AMER                       | Reinsurance Group of America, Inc.                                                                   | CUSIP: 759351AT6<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49835.16     | 0.03%             | 2055-09-15      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                            | RGA Global Funding                                                                                   | CUSIP: 76209PAD5<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123767.95    | 0.07%             | 2031-01-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                | Rocket Companies, Inc.                                                                               | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51160.03     | 0.03%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                      | Rogers Communications, Inc.                                                                          | CUSIP: 775109CK5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $162857.93    | 0.09%             | 2052-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                      | Rogers Communications, Inc.                                                                          | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $50680.18     | 0.03%             | 2055-04-15      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                            | Royalty Pharma plc                                                                                   | CUSIP: 78081BAM5<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    310000 | PA      | $210019.20    | 0.12%             | 2050-09-02      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                               | SBA Tower Trust                                                                                      | CUSIP: 78403DBD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $150156.75    | 0.09%             | 2029-10-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| SLAM 2021-1 LLC                               | Slam Ltd.                                                                                            | CUSIP: 78449AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    187500 | PA      | $175655.48    | 0.10%             | 2046-06-15      | Fixed         | 2.43%                 | No            |                  2 | On Loan: No      |
| SVC ABS LLC                                   | SVC ABS LLC                                                                                          | CUSIP: 78487JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    345917 | PA      | $343158.74    | 0.20%             | 2053-02-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                      | Safehold GL Holdings LLC                                                                             | CUSIP: 785931AA4<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104087.14    | 0.06%             | 2034-04-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                      | Safehold GL Holdings LLC                                                                             | CUSIP: 785931AB2<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9990.73      | 0.01%             | 2035-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                      | Safehold GL Holdings LLC                                                                             | CUSIP: 78646UAA7<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |    170000 | PA      | $152085.02    | 0.09%             | 2031-06-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                      | Safehold GL Holdings LLC                                                                             | CUSIP: 78646UAB5<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |    151000 | PA      | $131487.53    | 0.08%             | 2032-01-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg                | Saluda Grade Alternative Mortgage Trust                                                              | CUSIP: 79581UAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110145 | PA      | $113575.10    | 0.07%             | 2053-11-25      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| Sapphire Aviation Finance I Li                | Sapphire Aviation Finance II Ltd.                                                                    | CUSIP: 80307AAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    254440 | PA      | $243005.24    | 0.14%             | 2040-03-15      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                           | Charles Schwab Corp.                                                                                 | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |    200000 | NS      | $185531.83    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                               | Sealed Air Corp.                                                                                     | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15543.95     | 0.01%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Securitized Asset Backed Recei                | Securitized Asset-Backed Receivables LLC Trust                                                       | CUSIP: 81378PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    487151 | PA      | $419361.62    | 0.24%             | 2037-02-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| SELECTIVE INSURANCE GROU                      | Selective Insurance Group, Inc.                                                                      | CUSIP: 816300503<br>LEI: 549300R3WGJWLE40R258 | Long             | EP               | CORP              | US        |      4000 | NS      | $66640.00     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SELECTIVE INSURANCE GROU                      | Selective Insurance Group, Inc.                                                                      | CUSIP: 816300AJ6<br>LEI: 549300R3WGJWLE40R258 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102234.60    | 0.06%             | 2035-04-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                        | Sequoia Mortgage Trust                                                                               | CUSIP: 81743CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     84309 | PA      | $84988.52     | 0.05%             | 2054-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                        | Service Experts Issuer LLC                                                                           | CUSIP: 81758FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    117883 | PA      | $119993.93    | 0.07%             | 2035-11-20      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| ServiceMaster Brands                          | ServiceMaster Funding LLC                                                                            | CUSIP: 81761TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    235101 | PA      | $204242.46    | 0.12%             | 2051-01-30      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| Servpro Master Issuer, LLC                    | SERVPRO Master Issuer LLC                                                                            | CUSIP: 817743AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    480000 | PA      | $447568.27    | 0.26%             | 2051-04-25      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| Servpro Master Issuer, LLC                    | SERVPRO Master Issuer LLC                                                                            | CUSIP: 817743AJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     98750 | PA      | $101728.05    | 0.06%             | 2054-01-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                           | Sirius XM Radio LLC                                                                                  | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    180000 | PA      | $165967.12    | 0.10%             | 2030-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                      | Delta Air Lines, Inc. / SkyMiles IP Ltd.                                                             | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $49879.01     | 0.03%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SLAM LLC                                      | Slam Ltd.                                                                                            | CUSIP: 83100AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190504 | PA      | $189995.04    | 0.11%             | 2049-09-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                          | Smithfield Foods, Inc.                                                                               | CUSIP: 832248BC1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    110000 | PA      | $99921.82     | 0.06%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                          | Smithfield Foods, Inc.                                                                               | CUSIP: 832248BD9<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    300000 | PA      | $258608.09    | 0.15%             | 2031-09-13      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                              | Societe Generale S.A.                                                                                | CUSIP: 83368RBD3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $220506.02    | 0.13%             | 2032-06-09      | Variable      | 2.89%                 | No            |                  2 | On Loan: No      |
| SOLRR Aircraft 2021-1 Limited                 | Lunar Structured Aircraft Portfolio Notes                                                            | CUSIP: 83438LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |    347101 | PA      | $323404.45    | 0.19%             | 2046-10-15      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                   | Southern Co.                                                                                         | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49311.05     | 0.03%             | 2051-09-15      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                          | OneMain Finance Corp.                                                                                | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    122000 | PA      | $123805.60    | 0.07%             | 2026-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Sprite Limited                                | Sprite Ltd.                                                                                          | CUSIP: 85208UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    116191 | PA      | $112278.42    | 0.06%             | 2046-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LL                | Stack Infrastructure Issuer LLC                                                                      | CUSIP: 85236KAF9<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $502359.60    | 0.29%             | 2048-03-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                        | Standard Chartered plc                                                                               | CUSIP: 85325C2A9<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $353592.63    | 0.20%             | 2030-10-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential                 | Starwood Mortgage Residential Trust                                                                  | CUSIP: 85573AAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    569640 | PA      | $543272.25    | 0.31%             | 2050-02-25      | Variable      | 2.41%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                             | State Street Corp.                                                                                   | CUSIP: 857477CS0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |    100000 | NS      | $101740.40    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Station Place Securitization T                | Station Place Securitization Trust                                                                   | CUSIP: 85778KAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    325000 | PA      | $325000.00    | 0.19%             | 2025-08-12      | Floating      | 5.73%                 | No            |                  3 | On Loan: No      |
| Station Place Securitization T                | Station Place Securitization Trust                                                                   | CUSIP: 857942AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    325000 | PA      | $325000.00    | 0.19%             | 2026-07-12      | Floating      | 6.01%                 | No            |                  3 | On Loan: No      |
| STEWART INFORMATION SERV                      | Stewart Information Services Corp.                                                                   | CUSIP: 86038AAA0<br>LEI: 529900TV1XI0PLKENU10 | Long             | DBT              | CORP              | US        |    250000 | PA      | $223542.06    | 0.13%             | 2031-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| STORE Master Funding LLC                      | STORE Master Funding I-VII                                                                           | CUSIP: 86212VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    821253 | PA      | $808164.03    | 0.47%             | 2046-10-20      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                            | Subway Funding LLC                                                                                   | CUSIP: 864300AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    199000 | PA      | $203869.35    | 0.12%             | 2054-07-30      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                            | Subway Funding LLC                                                                                   | CUSIP: 864300AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    149250 | PA      | $152952.24    | 0.09%             | 2054-07-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                            | Subway Funding LLC                                                                                   | CUSIP: 864300AL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    248750 | PA      | $246049.45    | 0.14%             | 2054-07-30      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                     | Sunoco, LP                                                                                           | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104998.14    | 0.06%             | 2032-05-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                        | Switch ABS Issuer LLC                                                                                | CUSIP: 871044AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101991.93    | 0.06%             | 2054-03-25      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                        | Switch ABS Issuer LLC                                                                                | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $302233.50    | 0.17%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                        | Switch ABS Issuer LLC                                                                                | CUSIP: 871044AL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $197284.54    | 0.11%             | 2055-03-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                                | TD SYNNEX Corp.                                                                                      | CUSIP: 87162WAK6<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |    210000 | PA      | $181238.22    | 0.10%             | 2031-08-09      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                                | TD SYNNEX Corp.                                                                                      | CUSIP: 87162WAL4<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |    100000 | PA      | $105244.44    | 0.06%             | 2034-04-12      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| TPG OPERATING GROUP II                        | TPG Operating Group II, LP                                                                           | CUSIP: 872652AA0<br>LEI: 2549001H9RJQNZT7MU11 | Long             | DBT              | CORP              | US        |    251000 | PA      | $260876.19    | 0.15%             | 2034-03-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                        | Taco Bell Funding LLC                                                                                | CUSIP: 87342RAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    328125 | PA      | $328119.85    | 0.19%             | 2046-05-25      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                      | Targa Resources Partners Limited Partnership / Targa Resources Partners Finance Corp.                | CUSIP: 87612BBQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     37000 | PA      | $37550.49     | 0.02%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                          | Targa Resources Corp.                                                                                | CUSIP: 87612GAF8<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     63000 | PA      | $67700.20     | 0.04%             | 2034-03-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                          | Targa Resources Corp.                                                                                | CUSIP: 87612GAK7<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301050.96    | 0.17%             | 2035-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                    | TELUS Corp.                                                                                          | CUSIP: 87971MCL5<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $75448.18     | 0.04%             | 2055-10-15      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                    | TELUS Corp.                                                                                          | CUSIP: 87971MCM3<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $75501.83     | 0.04%             | 2055-10-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                         | Tennessee Valley Authority                                                                           | CUSIP: 880591DZ2<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    750000 | PA      | $745354.50    | 0.43%             | 2056-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                         | Tennessee Valley Authority                                                                           | CUSIP: 880591ES7<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   1000000 | PA      | $805640.00    | 0.46%             | 2065-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                         | Tennessee Valley Authority                                                                           | CUSIP: 880591FC1<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |     50000 | PA      | $48780.95     | 0.03%             | 2055-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TVA PRIN STRIP                                | Tennessee Valley Authority Principal Strips                                                          | CUSIP: 88059EN59<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    500000 | PA      | $147640.50    | 0.09%             | 2048-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Li                | Textainer Marine Containers VII Ltd.                                                                 | CUSIP: 88315LAE8<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | US        |    117778 | PA      | $112895.79    | 0.07%             | 2045-08-21      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Li                | Textainer Marine Containers Ltd.                                                                     | CUSIP: 88315LAS7<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | US        |    208000 | PA      | $184948.23    | 0.11%             | 2046-08-20      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| TIF Funding III LLC                           | TIF Funding III LLC                                                                                  | CUSIP: 88655AAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90625 | PA      | $91918.90     | 0.05%             | 2049-04-20      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE LLC                         | Time Warner Cable LLC                                                                                | CUSIP: 88732JBD9<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |     15000 | PA      | $11947.24     | 0.01%             | 2042-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TOWD POINT REVOLVING TRUST TPRT_24-A          | Top Pressure Recovery Turbines                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |    190730 | PA      | $191111.19    | 0.11%             | 2069-11-01      | Fixed         | 7.51%                 | No            |                  2 | On Loan: No      |
| Treman Park CLO Ltd                           | Treman Park CLO Ltd.                                                                                 | CUSIP: 89473MAD4<br>LEI: 549300E4DX3Q8L455K94 | Long             | ABS-O            | CORP              | KY        |    162950 | PA      | $344.66       | 0.00%             | 2028-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                            | Tricon Residential Trust                                                                             | CUSIP: 895978AC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $247851.78    | 0.14%             | 2040-12-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                            | Tricon Residential Trust                                                                             | CUSIP: 89616VAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101641.57    | 0.06%             | 2040-06-17      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                            | Tricon Residential Trust                                                                             | CUSIP: 89616YAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $199272.70    | 0.11%             | 2041-08-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER                              | Triton Container International Ltd.                                                                  | CUSIP: 89680YAC9<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |    200000 | PA      | $173524.36    | 0.10%             | 2031-06-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER/TAL INT                      | Triton Container International Limited / TAL International Container Corp.                           | CUSIP: 89681LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    100000 | PA      | $86410.75     | 0.05%             | 2032-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                       | TRTX Issuer Ltd.                                                                                     | CUSIP: 897764AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    300000 | PA      | $300070.14    | 0.17%             | 2042-09-18      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| TRUSTAGE FINANCIAL GROUP                      | Trustage Financial Group, Inc.                                                                       | CUSIP: 89787EAA9<br>LEI: 549300X7YNHNZXTI6F10 | Long             | DBT              | CORP              | US        |    200000 | PA      | $189213.40    | 0.11%             | 2032-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                  | UBS Group AG                                                                                         | CUSIP: 902613AE8<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    300000 | PA      | $259492.79    | 0.15%             | 2032-02-11      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                           | United Airlines, Inc.                                                                                | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149008.37    | 0.09%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                      | United Wholesale Mortgage LLC                                                                        | CUSIP: 91153LAA5<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49992.11     | 0.03%             | 2025-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                                   | U.S. Treasury Bonds                                                                                  | CUSIP: 912803FY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12850000 | PA      | $3624515.85   | 2.09%             | 2051-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                                   | U.S. Treasury Bonds                                                                                  | CUSIP: 912803GE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2180000 | PA      | $594172.01    | 0.34%             | 2052-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                                   | U.S. Treasury Bonds                                                                                  | CUSIP: 912803GY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $627630.23    | 0.36%             | 2054-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                                   | U.S. Treasury Bonds                                                                                  | CUSIP: 912803HD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1850000 | PA      | $456954.00    | 0.26%             | 2054-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                                   | U.S. Treasury Bonds                                                                                  | CUSIP: 912803HH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1750000 | PA      | $425259.03    | 0.25%             | 2055-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                               | U.S. Treasury Bonds                                                                                  | CUSIP: 912810QD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2450683.60   | 1.41%             | 2039-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                               | U.S. Treasury Bonds                                                                                  | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    290000 | PA      | $288323.44    | 0.17%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                               | U.S. Treasury Notes                                                                                  | CUSIP: 91282CLZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    750000 | PA      | $757587.89    | 0.44%             | 2031-11-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                               | U.S. Treasury Notes                                                                                  | CUSIP: 91282CMA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1810000 | PA      | $1836584.38   | 1.06%             | 2029-11-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                               | United States Treasury Inflation Indexed Bonds                                                       | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5112492 | PA      | $5195897.45   | 2.99%             | 2035-01-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                               | U.S. Treasury Notes                                                                                  | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    370000 | PA      | $381735.94    | 0.22%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                               | U.S. Treasury Notes                                                                                  | CUSIP: 91282CMU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    660000 | PA      | $666135.94    | 0.38%             | 2030-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                               | U.S. Treasury Notes                                                                                  | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    220000 | PA      | $220343.75    | 0.13%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                               | U.S. Treasury Notes                                                                                  | CUSIP: 91282CNF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3250000 | PA      | $3277421.88   | 1.89%             | 2032-05-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| STRIPS                                        | U.S. Treasury Bonds                                                                                  | CUSIP: 912834NP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2790000 | PA      | $1082731.48   | 0.62%             | 2044-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STRIPS                                        | U.S. Treasury Bonds                                                                                  | CUSIP: 912834PB8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $189280.02    | 0.11%             | 2044-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STRIPS                                        | U.S. Treasury Bonds                                                                                  | CUSIP: 912834PZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1990000 | PA      | $707399.17    | 0.41%             | 2046-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                      | United Wholesale Mortgage LLC                                                                        | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    300000 | PA      | $291196.53    | 0.17%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS                         | Universal Health Services, Inc.                                                                      | CUSIP: 913903AW0<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    150000 | PA      | $133742.79    | 0.08%             | 2030-10-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                              | VB-S1 Issuer LLC - VBTEL                                                                             | CUSIP: 91823AAY7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $238911.78    | 0.14%             | 2052-02-15      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| VFH PARENT / VALOR CO                         | VFH Parent LLC / Valor Company-Issuer, Inc.                                                          | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $104939.90    | 0.06%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                      | Venture Global Calcasieu Pass LLC                                                                    | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185118.42    | 0.11%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                        | Venture Global LNG, Inc.                                                                             | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    200000 | PA      | $217875.60    | 0.13%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                        | Venture Global LNG, Inc.                                                                             | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    100000 | PA      | $107996.30    | 0.06%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                        | Venture Global LNG, Inc.                                                                             | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | EP               | CORP              | US        |    150000 | NS      | $145829.82    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                              | Paramount Global                                                                                     | CUSIP: 92553PAW2<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    101000 | PA      | $80396.22     | 0.05%             | 2044-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY INC                              | Viper Energy, Inc.                                                                                   | CUSIP: 92763MAA3<br>LEI: 5299009LINL232255G03 | Long             | DBT              | CORP              | US        |     26000 | PA      | $26028.29     | 0.01%             | 2027-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY INC                              | Viper Energy, Inc.                                                                                   | CUSIP: 92763MAB1<br>LEI: 5299009LINL232255G03 | Long             | DBT              | CORP              | US        |     77000 | PA      | $81703.56     | 0.05%             | 2031-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru                | Vista Point Securitization Trust                                                                     | CUSIP: 92841WAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    184108 | PA      | $184319.26    | 0.11%             | 2055-01-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                            | Vodafone Group plc                                                                                   | CUSIP: 92857WBW9<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $228478.83    | 0.13%             | 2081-06-04      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                                  | Vontier Corp.                                                                                        | CUSIP: 928881AF8<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |    350000 | PA      | $312832.21    | 0.18%             | 2031-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                      | Walgreens Boots Alliance, Inc.                                                                       | CUSIP: 931427AQ1<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97842.84     | 0.06%             | 2026-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                      | Walgreens Boots Alliance, Inc.                                                                       | CUSIP: 931427AT5<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |     98000 | PA      | $85177.05     | 0.05%             | 2050-04-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pas                | Washington Mutual Mortgage Pass-Through Certificates WMALT Series Trust                              | CUSIP: 939346AB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    171805 | PA      | $143820.57    | 0.08%             | 2046-11-25      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Wave USA                                      | WAVE LLC                                                                                             | CUSIP: 94354KAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    256674 | PA      | $246099.20    | 0.14%             | 2044-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| WEIR GROUP PLC (THE)                          | Weir Group plc                                                                                       | CUSIP: 94876QAA4<br>LEI: 549300KDR56WHY9I3D10 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $195044.21    | 0.11%             | 2026-05-13      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                         | Wells Fargo & Co.                                                                                    | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |    500000 | NS      | $494875.35    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                | Wells Fargo Commercial Mortgage Trust                                                                | CUSIP: 95000CBE2<br>LEI: 549300SGFUCMB43V8P22 | Long             | ABS-MBS          | CORP              | US        |   2760394 | PA      | $8282.29      | 0.00%             | 2059-01-15      | Variable      | 1.34%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                         | Wells Fargo & Co.                                                                                    | CUSIP: 95002YAC7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |    100000 | NS      | $105081.00    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| WESTERN & SOUTHERN LIFE                       | Western & Southern Life Insurance Co.                                                                | CUSIP: 95765PAE9<br>LEI: IN763J7JWIZ46OJ1T526 | Long             | DBT              | CORP              | US        |     68000 | PA      | $46019.50     | 0.03%             | 2061-04-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                          | Westpac Banking Corp.                                                                                | CUSIP: 961214EP4<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |     27000 | PA      | $23816.25     | 0.01%             | 2035-11-15      | Variable      | 2.67%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                          | Westpac Banking Corp.                                                                                | CUSIP: 961214EX7<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    150000 | PA      | $131693.03    | 0.08%             | 2036-11-18      | Variable      | 3.02%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                          | Westpac Banking Corp.                                                                                | CUSIP: 961214EY5<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |     73000 | PA      | $53154.31     | 0.03%             | 2041-11-18      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                | Whirlpool Corp.                                                                                      | CUSIP: 963320AV8<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    100000 | PA      | $76912.25     | 0.04%             | 2046-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                | Whirlpool Corp.                                                                                      | CUSIP: 963320AX4<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7614.01      | 0.00%             | 2050-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                | Whirlpool Corp.                                                                                      | CUSIP: 963320AZ9<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46624.35     | 0.03%             | 2032-05-14      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| WHISTLER PIPELINE LLC                         | Whistler Pipeline LLC                                                                                | CUSIP: 96337RAB8<br>LEI: 549300NG57SGLTNW5C85 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101943.64    | 0.06%             | 2031-09-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| WILTON RE LTD                                 | Wilton RE Ltd.                                                                                       | CUSIP: 97263CAA9<br>LEI: 5493004VQ9VSL29MT373 | Long             | DBT              | CORP              | CA        |    497000 | PA      | $497194.04    | 0.29%             | N/A             | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| YAMANA GOLD INC                               | Yamana Gold, Inc.                                                                                    | CUSIP: 98462YAF7<br>LEI: 54930002VY22NXG01418 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $132550.50    | 0.08%             | 2031-08-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| PS HOLDINGS INDEPENDENT VOTING COMPANY LTD    | Pershing Square Holdings Ltd.                                                                        | CUSIP: N/A<br>LEI: U7LC4KOKCTZ0YWGI2G56       | Short            | DBT              | CORP              | GG        |   -750000 | PA      | $-679741.19   | -0.39%            | 2030-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PS HOLDINGS INDEPENDENT VOTING COMPANY LTD    | Pershing Square Holdings Ltd.                                                                        | CUSIP: N/A<br>LEI: U7LC4KOKCTZ0YWGI2G56       | Long             | DBT              | CORP              | GG        |    750000 | PA      | $679741.19    | 0.39%             | 2030-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| STADCO LA LLC                                 | Stadco LA LLC                                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    500000 | PA      | $338502.30    | 0.20%             | 2056-05-15      | Fixed         | 3.75%                 | No            |                  3 | On Loan: No      |
| PS HOLDINGS INDEPENDENT VOTING COMPANY LTD    | Pershing Square Holdings Ltd.                                                                        | CUSIP: N/A<br>LEI: U7LC4KOKCTZ0YWGI2G56       | Long             | DBT              | CORP              | GG        |   1000000 | PA      | $872101.03    | 0.50%             | 2031-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| THUNDERBIRD 2022-1                            | Thunderbird A                                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $367157.81    | 0.21%             | 2037-03-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| PMH NEWCO LP                                  | Project Onyx I                                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    343349 | PA      | $342848.86    | 0.20%             | 2027-01-26      | Variable      | 7.09%                 | No            |                  3 | On Loan: No      |
| PMH SPV - C LLC                               | Project Onyx II                                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |     95144 | PA      | $94808.82     | 0.05%             | 2027-01-26      | Variable      | 7.09%                 | No            |                  3 | On Loan: No      |
| THUNDERBIRD 2022-1                            | Lightning A                                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $367157.81    | 0.21%             | 2037-03-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| BofA Securities, Inc.                         | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   5000000 | OU      | $-72221.80    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                         | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   5000000 | OU      | $-5527.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BLUE OWL GP STAKES V ISSUER                   | Blue Owl Capital GP LLC                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    174650 | PA      | $180590.47    | 0.10%             | 2043-08-22      | Fixed         | 7.21%                 | No            |                  3 | On Loan: No      |
| BLUE OWL GP STAKES V ISSUER                   | Blue Owl Capital GP LLC                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    175350 | PA      | $181314.28    | 0.10%             | 2043-08-22      | Fixed         | 7.21%                 | No            |                  3 | On Loan: No      |
| LVNV FUNDING LLC                              | LVNV Funding LLC                                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $262745.65    | 0.15%             | 2028-11-05      | Fixed         | 7.80%                 | No            |                  3 | On Loan: No      |
| BofA Securities, Inc.                         | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   9089000 | OU      | $14681.28     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                         | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   2380000 | OU      | $150342.01    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                         | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   1300000 | OU      | $15730.90     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AZ BATTERY PROPERTY LLC                       | AZ Battery Property LLC                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    100000 | PA      | $95657.54     | 0.06%             | 2046-02-20      | Fixed         | 6.73%                 | No            |                  3 | On Loan: No      |
| BLUE OWL GP STAKES III                        | Dyal Capital Partners III (A), LP                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    168000 | PA      | $170577.93    | 0.10%             | 2044-06-15      | Fixed         | 6.55%                 | No            |                  3 | On Loan: No      |
| BLUE OWL GP STAKES III                        | Dyal Capital Partners III (B), LP                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    132000 | PA      | $134025.51    | 0.08%             | 2044-06-15      | Fixed         | 6.55%                 | No            |                  3 | On Loan: No      |
| LVNV FUNDING LLC                              | LVNV Funding LLC                                                                                     | CUSIP: N/A<br>LEI: 549300YMNWAZ7DKR6204       | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102389.28    | 0.06%             | 2029-06-12      | Fixed         | 6.84%                 | No            |                  3 | On Loan: No      |
| AP GRANGE HOLDINGS LLC                        | AP Grange Holdings                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    900000 | PA      | $913500.00    | 0.53%             | 2045-03-20      | Fixed         | 6.50%                 | No            |                  3 | On Loan: No      |
| AP GRANGE HOLDINGS LLC                        | AP Grange Holdings                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    200000 | PA      | $202000.00    | 0.12%             | 2045-03-20      | Fixed         | 5.00%                 | No            |                  3 | On Loan: No      |
| STOLTHAVEN HOUSTON INC                        | Stolthaven Houston, Inc.                                                                             | CUSIP: N/A<br>LEI: 549300HOCLTLXOR6FB90       | Long             | DBT              | CORP              | US        |    198000 | PA      | $197872.39    | 0.11%             | 2034-07-17      | Fixed         | 5.98%                 | No            |                  3 | On Loan: No      |
| OBRA CAPITAL INC                              | Obra Longevity                                                                                       | CUSIP: N/A<br>LEI: 2549001PDYPC4244EX25       | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $470587.52    | 0.27%             | 2039-06-30      | Fixed         | 8.48%                 | No            |                  3 | On Loan: No      |
| BofA Securities, Inc.                         | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   4500000 | OU      | $66590.64     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                         | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   4000000 | OU      | $56312.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                         | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   5300000 | OU      | $23742.57     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                         | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   5100000 | OU      | $-11015.08    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CEAMER FINANCE III LLC                        | Ceamer Finance LLC                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    193044 | PA      | $195796.55    | 0.11%             | 2039-11-15      | Fixed         | 6.79%                 | No            |                  3 | On Loan: No      |
| Bank of America, N.A.                         | Foreign Exchange EUR/USD                                                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   1719000 | NC      | $325.37       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                         | Foreign Exchange EUR/USD                                                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   1719000 | NC      | $325.37       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                         | Foreign Exchange EUR/USD                                                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   1204000 | NC      | $231.68       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                         | Foreign Exchange EUR/USD                                                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |    516000 | NC      | $99.29        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                         | Foreign Exchange EUR/USD                                                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |    612000 | NC      | $117.77       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas                                   | Foreign Exchange EUR/USD                                                                             | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DFE              |  | US        |    101000 | NC      | $19.44        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC           | CDX.NA.HY.43.V1 (25-35%)                                                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DCR              |  | US        |   -250000 | OU      | $-38047.09    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC           | CDX.NA.HY.43.V1 (15-25%)                                                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DCR              |  | US        |   -250000 | OU      | $-18513.01    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                         | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   3499262 | OU      | $97585.88     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC           | 2-Year Interest Rate Swap                                                                            | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |   3500000 | NC      | $34973.48     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC           | 2-Year Interest Rate Swap                                                                            | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  -3500000 | NC      | $-17588.26    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC           | 2-Year Interest Rate Swap                                                                            | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  -3500000 | NC      | $-7535.47     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC           | 2-Year Interest Rate Swap                                                                            | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |   3500000 | NC      | $1607.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AP GRANGE HOLDINGS LLC                        | AP Grange Holdings LLC                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |     49175 | PA      | $49174.75     | 0.03%             | 2045-03-20      | Fixed         | 6.50%                 | No            |                  3 | On Loan: No      |
| BofA Securities, Inc.                         | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |  10000000 | OU      | $104447.50    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                   | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |    420000 | NC      | $13709.22     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                   | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |    336000 | NC      | $10967.37     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                         | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |     74000 | NC      | $2415.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC           | 9-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |   2757500 | NC      | $49209.68     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC           | 9-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  -2757500 | NC      | $-21814.28    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas                                   | 9-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |   2757500 | NC      | $49209.68     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas                                   | 9-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -2757500 | NC      | $-21814.28    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                     | 9-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        |   2757500 | NC      | $49209.68     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                     | 9-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        |  -2757500 | NC      | $-21814.28    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas                                   | 9-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |   2757500 | NC      | $49209.68     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas                                   | 9-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -2757500 | NC      | $-21814.28    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                   | Uniform MBS 30 Year                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |   1210000 | PA      | $957458.48    | 0.55%             | 2025-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                   | Uniform MBS 30 Year                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |   2221380 | PA      | $1842217.09   | 1.06%             | 2025-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                   | Uniform MBS 30 Year                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |   2429540 | PA      | $2100859.68   | 1.21%             | 2025-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                        | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |    870000 | NC      | $16276.68     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                        | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |    261000 | NC      | $4883.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                   | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |     80000 | NC      | $1496.71      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                        | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |   -261000 | NC      | $-1185.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                        | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |   -870000 | NC      | $-3951.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                   | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |    -80000 | NC      | $-363.31      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                   | Uniform MBS 30 Year                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |   3052615 | PA      | $2991379.54   | 1.72%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                     | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |    173000 | NC      | $14512.80     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MSC MEDITERRANEAN SHIPPING CO SA              | Terminal Investment Ltd.                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | LU        |    200000 | PA      | $199644.67    | 0.12%             | 2032-07-09      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                   | Uniform MBS 30 Year                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |   1630000 | PA      | $1709160.95   | 0.98%             | 2025-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                   | Uniform MBS 15 Year                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |   3290000 | PA      | $3311529.76   | 1.91%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                   | Uniform MBS 30 Year                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |   8539385 | PA      | $8364079.97   | 4.82%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae                                    | Ginnie Mae                                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | USGA              | US        |   1593370 | PA      | $1564243.20   | 0.90%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                   | Uniform MBS 30 Year                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |   4740000 | PA      | $4735615.50   | 2.73%             | 2025-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA                      | Ginnie Mae                                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | USGA              | US        |   1650000 | PA      | $1650306.90   | 0.95%             | 2025-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                   | Uniform MBS 30 Year                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |   1988620 | PA      | $1649653.76   | 0.95%             | 2025-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                   | Uniform MBS 30 Year                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |   5250460 | PA      | $4539332.45   | 2.62%             | 2025-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                    | J.P. Morgan Securities LLC                                                                           | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | RA               | CORP              | US        |    399084 | PA      | $399084.00    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Montreal                              | Bank of Montreal                                                                                     | CUSIP: N/A<br>LEI: NQQ6HPCNCCU6TUTQYE16       | Long             | RA               | CORP              | US        |     79817 | PA      | $79817.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas                                   | BNP Paribas                                                                                          | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | RA               | CORP              | US        |    399084 | PA      | $399084.00    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                         | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |    638534 | PA      | $638534.00    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc                             | CURRENCY CONTRACT - Rec EUR / Deliver USD                                                            | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |     48000 | NC      | $1337.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                | CURRENCY CONTRACT - Rec USD / Deliver GBP                                                            | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              |  | US        |    -77000 | NC      | $-1316.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC                      | Elanco Animal Health, Inc.                                                                           | CUSIP: N/A<br>LEI: 549300SHPNDCE059M934       | Long             | LON              | CORP              | US        |     14557 | PA      | $14541.01     | 0.01%             | 2027-08-01      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| QUIRCH FOODS HOLDINGS LLC                     | Quirch Foods Holdings LLC                                                                            | CUSIP: N/A<br>LEI: 549300ZJJLQXSE7L4U02       | Long             | LON              | CORP              | US        |    144599 | PA      | $134812.74    | 0.08%             | 2027-10-27      | Variable      | 9.57%                 | No            |                  2 | On Loan: No      |
| FIRST BRANDS GROUP LLC                        | First Brands Group LLC                                                                               | CUSIP: N/A<br>LEI: 2549005IXRZR7KSBJD91       | Long             | LON              | CORP              | US        |    132196 | PA      | $124457.05    | 0.07%             | 2027-03-30      | Variable      | 9.54%                 | No            |                  2 | On Loan: No      |
| EMRLD BORROWER LP                             | EMRLD Borrower, LP                                                                                   | CUSIP: N/A<br>LEI: 5493000GJYE7GAQCUC61       | Long             | LON              | CORP              | US        |     98500 | PA      | $98363.09     | 0.06%             | 2030-05-31      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                      | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Long             | LON              | CORP              | US        |    133445 | PA      | $133226.27    | 0.08%             | 2031-02-13      | Variable      | 9.83%                 | No            |                  3 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                      | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Long             | LON              | CORP              | US        |     16615 | PA      | $16481.71     | 0.01%             | 2031-02-13      | Variable      | 9.83%                 | No            |                  3 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                      | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Short            | LON              | CORP              | US        |    -30134 | PA      | $-49.28       | -0.00%            | 2031-02-13      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                      | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Long             | LON              | CORP              | US        |     19323 | PA      | $19012.65     | 0.01%             | 2031-02-13      | Variable      | 9.83%                 | No            |                  3 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                      | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Long             | LON              | CORP              | US        |      1600 | PA      | $1439.34      | 0.00%             | 2031-02-13      | Variable      | 6.25%                 | No            |                  3 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                      | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Short            | LON              | CORP              | US        |     -3400 | PA      | $-341.40      | -0.00%            | 2031-02-13      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| EISNER ADVISORY GROUP                         | Eisner Advisory Group                                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     98507 | PA      | $98876.27     | 0.06%             | 2031-02-28      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| DATIX BIDCO LIMITED                           | Datix Bidco Ltd.                                                                                     | CUSIP: N/A<br>LEI: 9845006BT9AF870CZ249       | Long             | LON              | CORP              | US        |     20000 | PA      | $19865.08     | 0.01%             | 2031-04-30      | Variable      | 9.54%                 | No            |                  3 | On Loan: No      |
| DATIX BIDCO LIMITED                           | Datix Bidco Ltd.                                                                                     | CUSIP: N/A<br>LEI: 9845006BT9AF870CZ249       | Long             | LON              | CORP              | US        |     71200 | PA      | $97070.41     | 0.06%             | 2031-04-30      | Variable      | 9.46%                 | No            |                  3 | On Loan: No      |
| Datix Bidco Ltd.                              | Datix Bidco Ltd.                                                                                     | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |    -22000 | PA      | $-148.41      | -0.00%            | 2031-04-25      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| DATIX BIDCO LIMITED                           | Datix Bidco Ltd.                                                                                     | CUSIP: N/A<br>LEI: 9845006BT9AF870CZ249       | Long             | LON              | CORP              | US        |      3325 | PA      | $2969.94      | 0.00%             | 2030-10-30      | Variable      | 9.56%                 | No            |                  3 | On Loan: No      |
| DATIX BIDCO LIMITED                           | Datix Bidco Ltd.                                                                                     | CUSIP: N/A<br>LEI: 9845006BT9AF870CZ249       | Long             | LON              | CORP              | US        |       475 | PA      | $582.37       | 0.00%             | 2030-10-30      | Variable      | 9.56%                 | No            |                  3 | On Loan: No      |
| DATIX BIDCO LIMITED                           | Datix Bidco Ltd.                                                                                     | CUSIP: N/A<br>LEI: 9845006BT9AF870CZ249       | Short            | LON              | CORP              | US        |    -14250 | PA      | $-1521.68     | -0.00%            | 2030-10-25      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| CREATIVE PLANNING (CPI) HOLDCO INC            | CPI Holdco B LLC                                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    148875 | PA      | $148353.94    | 0.09%             | 2031-05-17      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| EMRLD BORROWER LP                             | EMRLD Borrower, LP                                                                                   | CUSIP: N/A<br>LEI: 5493000GJYE7GAQCUC61       | Long             | LON              | CORP              | US        |     99250 | PA      | $99020.73     | 0.06%             | 2031-08-04      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| HIGGINBOTHAM INSURANCE AGENCY INC             | Higginbotham Insurance Agency, Inc.                                                                  | CUSIP: N/A<br>LEI: 549300IY2QEM8MQC2K06       | Long             | LON              | CORP              | US        |    410838 | PA      | $408184.30    | 0.24%             | 2028-11-24      | Variable      | 8.83%                 | No            |                  3 | On Loan: No      |
| CAPSTONE ACQUISITION HOLDINGS INC             | Capstone Acquisition Holdings, Inc.                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    137235 | PA      | $136570.51    | 0.08%             | 2029-11-12      | Variable      | 8.93%                 | No            |                  3 | On Loan: No      |
| Capstone Acquisition Holdings, Inc.           | Capstone Acquisition Holdings, Inc.                                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |    -12076 | PA      | $-58.45       | -0.00%            | 2029-11-12      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| ALLIANT HOLDINGS LP                           | Alliant Holdings Intermediate LLC                                                                    | CUSIP: N/A<br>LEI: 5493006Q26653NF8SI73       | Long             | LON              | CORP              | US        |    159200 | PA      | $159217.51    | 0.09%             | 2031-09-19      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| LONESTAR INTERMEDIATE SUPER HOLDINGS LLC      | Asurion LLC                                                                                          | CUSIP: N/A<br>LEI: 549300KNQVXGIOXWK278       | Long             | LON              | CORP              | US        |    148875 | PA      | $145013.18    | 0.08%             | 2030-09-19      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING COMPANY LLC                 | HAH Group Holding Co. LLC                                                                            | CUSIP: N/A<br>LEI: 254900FFJQHW9R90FL74       | Long             | LON              | CORP              | US        |     33654 | PA      | $32590.26     | 0.02%             | 2031-09-24      | Variable      | 9.33%                 | No            |                  2 | On Loan: No      |
| SOUTHERN VETERINARY COMPANY LLC               | Southern Veterinary Partners LLC                                                                     | CUSIP: N/A<br>LEI: 549300DT78GYJYRK0R74       | Long             | LON              | CORP              | US        |    240102 | PA      | $240197.85    | 0.14%             | 2031-12-04      | Variable      | 7.53%                 | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES GLOBAL HOLDINGS LLC        | Citadel Securities, LP                                                                               | CUSIP: N/A<br>LEI: 549300NV5RXBUS3X7L47       | Long             | LON              | CORP              | US        |    197515 | PA      | $198231.84    | 0.11%             | 2031-10-31      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                         | Jane Street Group LLC                                                                                | CUSIP: N/A<br>LEI: 5493002N1IVX6KHGYO08       | Long             | LON              | CORP              | US        |    221991 | PA      | $221704.36    | 0.13%             | 2031-12-15      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| ABG INTERMEDIATE HOLDINGS 2 LLC               | Authentic Brands                                                                                     | CUSIP: N/A<br>LEI: 54930020NXD0RJB64985       | Long             | LON              | CORP              | US        |    173688 | PA      | $173456.50    | 0.10%             | 2028-12-21      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| PACIFIC BELLS LLC                             | Pacific Bells LLC                                                                                    | CUSIP: N/A<br>LEI: 549300VGOQXINYVBJF37       | Long             | LON              | CORP              | US        |     88886 | PA      | $88997.01     | 0.05%             | 2028-11-13      | Variable      | 8.56%                 | No            |                  2 | On Loan: No      |
| HT HOLDING LLC                                | HighTower Holding LLC                                                                                | CUSIP: N/A<br>LEI: 254900MKOSB7RTMA9K12       | Long             | LON              | CORP              | US        |    154624 | PA      | $154108.85    | 0.09%             | 2032-02-03      | Variable      | 7.26%                 | No            |                  2 | On Loan: No      |
| NEW BOOST HOLDCO LLC                          | Worldpay                                                                                             | CUSIP: N/A<br>LEI: 254900S8RE1OL7TTCU64       | Long             | LON              | CORP              | US        |    248752 | PA      | $249268.96    | 0.14%             | 2031-01-31      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                        | Level 3 Financing, Inc.                                                                              | CUSIP: N/A<br>LEI: 254900AE5FEFIJOXWL19       | Long             | LON              | CORP              | US        |     30000 | PA      | $30306.30     | 0.02%             | 2032-03-21      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Guggenheim Variable Funds Trust

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** CFO