# EDGAR Filing Document

**Accession Number:** 0000809559
**File Stem:** 0001410368-25-022020
**Filing Date:** 2025-11
**Character Count:** 432659
**Document Hash:** 4f01350889526e63f581bcac46a1f464
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-022020.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001410368-25-022020

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TCW STRATEGIC INCOME FUND INC
- **CENTRAL INDEX KEY:** 0000809559

**ORGANIZATION NAME:**
- **EIN:** 930939398
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04980
- **FILM NUMBER:** 251475888

**BUSINESS ADDRESS:**
- **STREET 1:** 515 SOUTH FLOWER ST
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2132440000

**MAIL ADDRESS:**
- **STREET 1:** 515 SOUTH FLOWER ST
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TCW CONVERTIBLE SECURITIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Nport-Ex

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal**<br>**Amount** | **Value** |
|  **FIXED INCOME SECURITIES—105.7% of Net Assets** | **FIXED INCOME SECURITIES—105.7% of Net Assets** | **FIXED INCOME SECURITIES—105.7% of Net Assets** | **FIXED INCOME SECURITIES—105.7% of Net Assets** |
|  **ASSET-BACKED SECURITIES**—**12.7%** | **ASSET-BACKED SECURITIES**—**12.7%** | **ASSET-BACKED SECURITIES**—**12.7%** | **ASSET-BACKED SECURITIES**—**12.7%** |
|  Academic Loan Funding Trust Series 2012-1A, Class R<br>0.00%<sup>(1),(2),(3)</sup> | 12/27/44 | $3368 | $267419 |
|  AIMCO CLO 24 Ltd. Series 2025-24A, Class SUB<br>0.00%<sup>(1),(4),(5)</sup> | 04/19/38 | 600000 | 459813 |
|  ALLO Issuer LLC Series 2023-1A, Class C<br>12.18%<sup>(1)</sup> | 06/20/53 | 880000 | 939484 |
|  Apidos CLO XXXVII Ltd. Series 2021-37A, Class B<br>6.19% (3 mo. USD Term SOFR + 1.862%)<sup>(1),(6)</sup> | 10/22/34 | 725000 | 726740 |
|  Arbour CLO VIII DAC Series 8X, Class B1R<br>3.73% (3 mo. EUR EURIBOR + 1.700%)<sup>(6),(7)</sup> | 10/15/34 | 600000 | 705193 |
|  Avis Budget Rental Car Funding AESOP LLC Series 2021-2A, Class D<br>4.08%<sup>(1),(3)</sup> | 02/20/28 | 250000 | 244770 |
|  BCRED CLO LLC Series 2023-1A, Class A<br>6.63% (3 mo. USD Term SOFR + 2.300%)<sup>(1),(6)</sup> | 01/20/36 | 850000 | 852182 |
|  Bear Mountain Park CLO Ltd. Series 2022-1A, Class BR<br>6.07% (3 mo. USD Term SOFR + 1.750%)<sup>(1),(6)</sup> | 07/15/37 | 625000 | 627335 |
|  BMO SBA COOF Trust Series 2019-1, Class A (I/O)<br>1.58%<sup>(1),(5)</sup> | 10/25/45 | 2955856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133357 |
|  Carvana Auto Receivables Trust Series 2020-P1, Class R<br>0.00%<sup>(1),(2)</sup> | 09/08/27 | 2000 | 150611 |
|  Carvana Auto Receivables Trust Series 2021-N3, Class R<br>0.00%<sup>(1),(2)</sup> | 06/12/28 | 2200 | 151613 |
|  Carvana Auto Receivables Trust Series 2022-N1, Class R<br>0.00%<sup>(1),(2)</sup> | 12/11/28 | 4700 | 216258 |
|  Carvana Auto Receivables Trust Series 2022-P3, Class R<br>0.00%<sup>(1),(2)</sup> | 09/10/29 | 2900 | 238107 |
|  Carvana Auto Receivables Trust Series 2023-P1, Class R<br>0.00%<sup>(1),(2)</sup> | 03/11/30 | 4400 | 287765 |
|  Carvana Auto Receivables Trust Series 2023-P2, Class R<br>0.00%<sup>(1),(2)</sup> | 06/10/30 | 2000 | 184493 |
|  CIFC Funding Ltd. Series 2022-2A, Class B<br>0.00%<sup>(1),(4),(5)</sup> | 04/19/35 | 685000 | 480125 |
|  Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<br>Series 2025-1A, Class A2<br>6.00%<sup>(1)</sup> | 05/20/55 | 245000 | 251428 |
|  COOF Securitization Trust II Series 2015-2, Class A1 (I/O)<br>2.48%<sup>(1),(5)</sup> | 08/25/41 | 1424438 | 87016 |
|  Eaton Vance CLO Ltd. Series 2013-1A, Class D1R4<br>7.28% (3 mo. USD Term SOFR + 3.000%)<sup>(1),(6)</sup> | 10/15/38 | 475000 | 479809 |
|  Elmwood CLO 17 Ltd. Series 2022-4A, Class SUB<br>6.89%<sup>(1),(5)</sup> | 07/17/37 | 850000 | 571718 |
|  Elmwood CLO III Ltd. Series 2019-3A, Class SUB<br>0.00%<sup>(1),(4),(5)</sup> | 07/18/37 | 1000000 | 487936 |
|  Elmwood CLO VIII Ltd. Series 2021-1A, Class ER<br>10.58% (3 mo. USD Term SOFR + 6.250%)<sup>(1),(6)</sup> | 04/20/37 | 500000 | 497500 |
|  Flexential Issuer Series 2021-1A, Class A2<br>3.25%<sup>(1)</sup> | 11/27/51 | 260000 | 252537 |
|  Goal Capital Funding Trust Series 2006-1, Class B<br>5.30% (3 mo. USD LIBOR + 0.450%)<sup>(6)</sup> | 08/25/42 | 80128 | 77994 |
|  Golub Capital Partners CLO 42M-R Ltd. Series 2019-42RA, Class A2R<br>7.06% (3 mo. USD Term SOFR + 2.750%)<sup>(1),(6)</sup> | 01/20/36 | $600000 | 602957 |
|  Golub Capital Partners CLO 69M Ltd. Series 2023-69A, Class B1<br>7.48% (3 mo. USD Term SOFR + 3.250%)<sup>(1),(6)</sup> | 11/09/36 | 870000 | 872460 |
|  Gracie Point International Funding LLC Series 2025-1A, Class C<br>7.10% (30 day USD SOFR Average + 2.750%)<sup>(1),(6),(8)</sup> | 08/15/28 | 605000 | 606191 |
|  Hertz Vehicle Financing III LLC Series 2023-1A, Class 1D<br>9.13%<sup>(1)</sup> | 06/25/27 | 365000 | 370121 |
|  Hertz Vehicle Financing III LP Series 2021-2A, Class D<br>4.34%<sup>(1)</sup> | 12/27/27 | 820000 | 802324 |
|  HOA Funding LLC Series 2021-1A, Class A2<br>4.72%<sup>(1),(3),(8),(9)</sup> | 08/20/51 | 581627 | 119235 |
|  HPS Loan Management Ltd. Series 2024-19A, Class C2<br>7.22% (3 mo. USD Term SOFR + 2.900%)<sup>(1),(6)</sup> | 04/15/37 | 750000 | 753436 |
|  ICG U.S. CLO Ltd. Series 2022-1A, Class DR (I/F)<br>0.00% (-3 mo. USD Term SOFR + 3.100%)<sup>(1),(4),(6),(10)</sup> | 10/20/38 | 1000000 | 1003750 |
|  Madison Park Funding XLV Ltd. Series 2020-45A, Class CRR<br>6.22% (3 mo. USD Term SOFR + 1.900%)<sup>(1),(6)</sup> | 07/15/34 | 625000 | 626071 |
|  Mosaic Solar Loan Trust Series 2021-1A, Class R<br>0.00%<sup>(1),(4)</sup> | 12/20/46 | 950000 | 147557 |
|  Mosaic Solar Loan Trust Series 2021-2A, Class R<br>0.00%<sup>(1),(4)</sup> | 04/22/47 | 1150000 | 68451 |
|  Mosaic Solar Loan Trust Series 2021-3A, Class R<br>0.00%<sup>(1),(4)</sup> | 06/20/52 | 1600000 | 83315 |
|  NCFA LLC—Loan Participation 1<br>2.75%<sup>(8)</sup> | 06/12/28 | 756178 | 756178 |
|  NCFA LLC—Loan Participation 2<br>3.14%<sup>(8)</sup> | 12/19/27 | 849356 | 849356 |
|  Neuberger Berman Loan Advisers CLO 56 Ltd. Series 2024-56A, Class SUB<br>0.00%<sup>(1),(4),(5)</sup> | 07/24/37 | 700000 | 512703 |
|  New Mountain CLO 8 Ltd. Series CLO-8A, Class M<br>0.00%<sup>(1),(4),(8),(10)</sup> | 10/20/38 | 60000 |  |
|  New Mountain CLO 8 Ltd. Series CLO-8A, Class SUB<br>0.00%<sup>(1),(4),(5),(10)</sup> | 10/20/38 | 600000 | 496020 |
|  Newday Funding Master Issuer PLC Series 2024-2X, Class E<br>7.87% (1 day GBP SONIA + 3.900%)<sup>(6),(7)</sup> | 07/15/32 | 450000 | 619041 |
|  OCP CLO Ltd. Series 2015-9A, Class SUB<br>0.00%<sup>(1),(4),(5)</sup> | 01/15/37 | 1360000 | 586618 |
|  Palmer Square CLO Ltd. Series 2024-3A, Class SUB<br>0.00%<sup>(1),(4),(5)</sup> | 07/20/37 | 625000 | 541657 |
|  Rad CLO 22 Ltd. Series 2023-22A, Class D<br>9.33% (3 mo. USD Term SOFR + 5.000%)<sup>(1),(6)</sup> | 01/20/37 | 350000 | 352699 |
|  Rockford Tower CLO Ltd. Series 2017-2A, Class BR<br>6.08% (3 mo. USD Term SOFR + 1.762%)<sup>(1),(6)</sup> | 10/15/29 | 800000 | 800658 |

---

------

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited) (Cont'd)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity**<br>**Date** | **Principal**<br>**Amount** | **Principal**<br>**Amount** | **Value** | **Value** |
|  Rockford Tower CLO Ltd. Series 2021-2A, Class BR<br>5.86% (3 mo. USD Term SOFR + 1.700%)<sup>(1),(6)</sup> | 07/20/34 | $| 620000 | $| 620534 |
|  Rockford Tower CLO Ltd. Series 2025-2A, Class D1<br>7.63% (3 mo. USD Term SOFR + 3.350%)<sup>(1),(6)</sup> | 03/31/38 |  | 600000 |  | 602818 |
|  Santander Consumer Auto Receivables Trust Series 2021-BA, Class R<br>0.00%<sup>(1),(2)</sup> | 03/15/29 |  | 5000 |  | 1402274 |
|  Santander Consumer Auto Receivables Trust Series 2021-CA, Class R<br>0.00%<sup>(1),(2)</sup> | 06/15/28 |  | 5500 |  | 578823 |
|  Serenity-Peace Park CLO Ltd. Series 2025-1A, Class SUB<br>0.00%<sup>(1),(4),(5),(8)</sup> | 10/24/38 |  | &nbsp;&nbsp;&nbsp;&nbsp;600000 |  | 499235 |
|  Sixth Street CLO XX Ltd. Series 2021-20A, Class SUB<br>0.00%<sup>(1),(4),(5)</sup> | 07/17/38 |  | 467250 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284849 |
|  SLC Student Loan Trust Series 2004-1, Class B<br>4.90% (90 day USD SOFR Average + 0.552%)<sup>(6)</sup> | 08/15/31 |  | 154462 |  | 136415 |
|  SLC Student Loan Trust Series 2006-1, Class B<br>4.84% (90 day USD SOFR Average + 0.472%)<sup>(6)</sup> | 03/15/55 |  | 161070 |  | 145560 |
|  SLM Student Loan EDC Repackaging Trust Series 2013-M1, Class M1R<br>0.00%<sup>(1),(2)</sup> | 10/28/29 |  | 1000 |  | 199179 |
|  SLM Student Loan Trust Series 2004-2, Class B<br>5.07% (90 day USD SOFR Average + 0.732%)<sup>(6)</sup> | 07/25/39 |  | 136863 |  | 130704 |
|  SLM Student Loan Trust Series 2005-9, Class B<br>4.90% (90 day USD SOFR Average + 0.562%)<sup>(6)</sup> | 01/25/41 |  | 286988 |  | 271927 |
|  SLM Student Loan Trust Series 2007-6, Class B<br>5.45% (90 day USD SOFR Average + 1.112%)<sup>(6)</sup> | 04/27/43 |  | 72472 |  | 68317 |
|  SLM Student Loan Trust Series 2007-7, Class B<br>5.35% (90 day USD SOFR Average + 1.012%)<sup>(6)</sup> | 10/27/70 |  | 150000 |  | 151657 |
|  SLM Student Loan Trust Series 2008-2, Class B<br>5.80% (90 day USD SOFR Average + 1.462%)<sup>(6)</sup> | 01/25/83 |  | 225000 |  | 232074 |
|  SLM Student Loan Trust Series 2008-3, Class B<br>5.80% (90 day USD SOFR Average + 1.462%)<sup>(6)</sup> | 04/26/83 |  | 225000 |  | 227392 |
|  SLM Student Loan Trust Series 2008-4, Class B<br>6.45% (90 day USD SOFR Average + 2.112%)<sup>(6)</sup> | 04/25/73 |  | 515000 |  | 528931 |
|  SLM Student Loan Trust Series 2008-5, Class B<br>6.45% (90 day USD SOFR Average + 2.112%)<sup>(6)</sup> | 07/25/73 |  | 260000 |  | 268375 |
|  SLM Student Loan Trust Series 2008-6, Class B<br>6.45% (90 day USD SOFR Average + 2.112%)<sup>(6)</sup> | 07/26/83 |  | 225000 |  | 227972 |
|  SLM Student Loan Trust Series 2008-7, Class B<br>6.45% (90 day USD SOFR Average + 2.112%)<sup>(6)</sup> | 07/26/83 |  | 305000 |  | 303471 |
|  Stratus CLO Ltd. Series 2021-3A, Class SUB<br>0.00%<sup>(1),(4),(5)</sup> | 12/29/29 |  | 750000 |  | 75 |
|  Structured Receivables Finance LLC Series 2010-A, Class B<br>7.61%<sup>(1)</sup> | 01/16/46 |  | 288158 |  | 291176 |
|  Structured Receivables Finance LLC Series 2010-B, Class B<br>7.97%<sup>(1)</sup> | 08/15/36 |  | 255476 |  | 260323 |
|  TIF Funding II LLC Series 2021-1A, Class A<br>1.65%<sup>(1)</sup> | 02/20/46 |  | 944350 |  | 862855 |
|  Together Asset-Backed Securitisation 14 PLC Series 2025-1ST1A, Class E<br>6.95% (1 day GBP SONIA + 2.980%)<sup>(1),(6)</sup> | 08/15/66 | GBP | 500000 |  | 680386 |
|  U.S. Bank C&I Credit-Linked Notes Series 2025-SUP2, Class D<br>6.59% (30 day USD SOFR Average + 2.200%)<sup>(1),(6)</sup> | 09/25/32 |  | 450000 |  | 451579 |
|  Westlake Automobile Receivables Trust Series 2024-1A, Class D<br>6.02%<sup>(1)</sup> | 10/15/29 |  | 600000 |  | 613722 |
|  Wingstop Funding LLC Series 2020-1A, Class A2<br>2.84%<sup>(1)</sup> | 12/05/50 |  | 541750 |  | 523607 |
|  **Total Asset-backed Securities** (Cost: $36,406,616) |  |  |  |  | 31506231 |
|  **MORTGAGE-BACKED SECURITIES—63.9%** | **MORTGAGE-BACKED SECURITIES—63.9%** | **MORTGAGE-BACKED SECURITIES—63.9%** | **MORTGAGE-BACKED SECURITIES—63.9%** | **MORTGAGE-BACKED SECURITIES—63.9%** | **MORTGAGE-BACKED SECURITIES—63.9%** |
|  **Commercial Mortgage-backed Securities—Agency—0.2%** | **Commercial Mortgage-backed Securities—Agency—0.2%** | **Commercial Mortgage-backed Securities—Agency—0.2%** | **Commercial Mortgage-backed Securities—Agency—0.2%** | **Commercial Mortgage-backed Securities—Agency—0.2%** | **Commercial Mortgage-backed Securities—Agency—0.2%** |
|  Federal Home Loan Mortgage Corp. Multifamily PC REMICS Trust<br>Series 2019-P002, Class X (I/O)<br>1.14%<sup>(5)</sup> | 07/25/33 |  | 1295000 |  | 69801 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K049, Class X3 (I/O)<br>4.19%<sup>(5)</sup> | 10/25/43 |  | 144423 |  | 14 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K060, Class X3 (I/O)<br>1.96%<sup>(5)</sup> | 12/25/44 |  | 2499972 |  | 47222 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K732, Class X3 (I/O)<br>3.34%<sup>(5)</sup> | 05/25/46 |  | 565982 |  | 44 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K735, Class X3 (I/O)<br>2.23%<sup>(5)</sup> | 05/25/47 |  | 3750000 |  | 48097 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series KC05, Class X1 (I/O)<br>1.34%<sup>(5)</sup> | 06/25/27 |  | 6789264 |  | 75495 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series KIR1, Class X (I/O)<br>1.14%<sup>(5)</sup> | 03/25/26 |  | 7643487 |  | 13628 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series KW01, Class X3 (I/O)<br>4.27%<sup>(5)</sup> | 03/25/29 |  | 690000 |  | 7089 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series Q013, Class XPT2 (I/O)<br>1.81%<sup>(5)</sup> | 05/25/27 |  | 2728327 |  | 63573 |
|  Federal National Mortgage Association-ACES Series 2016-M11, Class X2 (ACES) (I/O)<br>3.04%<sup>(5)</sup> | 07/25/39 |  | 579319 |  | 10619 |
|  Federal National Mortgage Association-ACES Series 2019-M29, Class X4 (ACES) (I/O)<br>0.70%<sup>(5)</sup> | 03/25/29 |  | 7900000 |  | 149372 |
|  Government National Mortgage Association Series 2010-148, Class IO (I/O)<br>0.30%<sup>(5)</sup> | 09/16/50 |  | 4543888 |  | 47649 |

---

------

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited) (Cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity**<br>**Date** | **Principal**<br>**Amount** | **Value** |
|  Government National Mortgage Association Series 2011-152, Class IO (I/O)<br>0.01%<sup>(5)</sup> | 08/16/51 | $633918 | $20 |
|  Government National Mortgage Association Series 2012-139, Class IO (I/O)<br>0.65%<sup>(5)</sup> | 02/16/53 | 744933 | 15585 |
|  Government National Mortgage Association Series 2013-52, Class IO (I/O)<br>0.02%<sup>(5)</sup> | 02/16/55 | 4774508 | 2204 |
|  Government National Mortgage Association Series 2014-103, Class IO (I/O)<br>0.19%<sup>(5)</sup> | 05/16/55 | 2016728 | 9932 |
|  Government National Mortgage Association Series 2014-125, Class IO (I/O)<br>0.87%<sup>(5)</sup> | 11/16/54 | 952254 | 25010 |
|  **Total Commercial Mortgage-backed Securities—Agency** (Cost: $2,891,630) |  |  | 585354 |
|  **Commercial Mortgage-backed Securities—Non-agency—15.8%** |  |  |  |
|  1211 Avenue of the Americas Trust Series 2015-1211, Class D<br>4.28%<sup>(1),(5)</sup> | 08/10/35 | 680000 | 618715 |
|  245 Park Avenue Trust Series 2017-245P, Class E<br>3.78%<sup>(1),(5)</sup> | 06/05/37 | 650000 | 617988 |
|  280 Park Avenue Mortgage Trust Series 2017-280P, Class D<br>6.05% (1 mo. USD Term SOFR + 1.836%)<sup>(1),(6)</sup> | 09/15/34 | 490000 | 481521 |
|  AMSR Trust Series 2021-SFR2, Class F2<br>3.67%<sup>(1)</sup> | 08/17/38 | &nbsp;&nbsp;&nbsp;&nbsp;750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;736617 |
|  AMSR Trust Series 2021-SFR3, Class G<br>3.80%<sup>(1)</sup> | 10/17/38 | 620000 | 607604 |
|  AMSR Trust Series 2022-SFR1, Class F<br>6.02%<sup>(1)</sup> | 03/17/39 | 850000 | 846694 |
|  AMSR Trust Series 2025-SFR1, Class E2<br>3.66%<sup>(1)</sup> | 06/17/42 | 700000 | 638502 |
|  Benchmark Mortgage Trust Series 2019-B14, Class 225D<br>3.40%<sup>(1),(5)</sup> | 12/15/62 | 535000 | 14023 |
|  Benchmark Mortgage Trust Series 2020-IG3, Class BXC<br>3.65%<sup>(1),(5)</sup> | 09/15/48 | 555000 | 513871 |
|  BOCA Commercial Mortgage Trust Series 2024-BOCA, Class D<br>7.79% (1 mo. USD Term SOFR + 3.638%)<sup>(1),(6)</sup> | 08/15/41 | 620000 | 625628 |
|  BX Commercial Mortgage Trust Series 2025-BCAT, Class D<br>6.80% (1 mo. USD Term SOFR + 2.650%)<sup>(1),(6)</sup> | 08/15/42 | 718714 | 722169 |
|  BX Trust Series 2023-DELC, Class B<br>7.49% (1 mo. USD Term SOFR + 3.339%)<sup>(1),(6)</sup> | 05/15/38 | 615000 | 621137 |
|  BXHPP Trust Series 2021-FILM, Class C<br>5.36% (1 mo. USD Term SOFR + 1.214%)<sup>(1),(6)</sup> | 08/15/36 | 430000 | 393756 |
|  BXHPP Trust Series 2021-FILM, Class D<br>5.76% (1 mo. USD Term SOFR + 1.614%)<sup>(1),(6)</sup> | 08/15/36 | 515000 | 464408 |
|  BXP Trust Series 2017-GM, Class D<br>3.54%<sup>(1),(5)</sup> | 06/13/39 | 575000 | 554063 |
|  Citigroup Commercial Mortgage Trust Series 2014-GC21, Class XD (I/O)<br>1.28%<sup>(1),(5)</sup> | 05/10/47 | 4710600 | 122 |
|  Citigroup Commercial Mortgage Trust Series 2015-GC35, Class XA (I/O)<br>0.75%<sup>(5)</sup> | 11/10/48 | 3280812 | 2814 |
|  COMM Mortgage Trust Series 2012-LC4, Class XB (I/O)<br>0.60%<sup>(1),(3),(5)</sup> | 12/10/44 | 10160887 | 139 |
|  COMM Mortgage Trust Series 2013-CR12, Class XA (I/O)<br>0.66%<sup>(5)</sup> | 10/10/46 | 659198 | 12 |
|  COMM Mortgage Trust Series 2016-787S, Class D<br>3.96%<sup>(1),(5)</sup> | 02/10/36 | 693000 | 673950 |
|  COMM Mortgage Trust Series 2020-CX, Class E<br>2.77%<sup>(1),(5)</sup> | 11/10/46 | 370000 | 288374 |
|  CRSNT Trust Series 2021-MOON, Class C<br>5.82% (1 mo. USD Term SOFR + 1.664%)<sup>(1),(6)</sup> | 04/15/36 | 620000 | 611042 |
|  Eleven Madison Trust Mortgage Trust Series 2015-11MD, Class D<br>3.67%<sup>(1),(5)</sup> | 09/10/35 | 625000 | 620502 |
|  Extended Stay America Trust Series 2021-ESH, Class F<br>7.96% (1 mo. USD Term SOFR + 3.814%)<sup>(1),(6)</sup> | 07/15/38 | 548129 | 549388 |
|  FirstKey Homes Trust Series 2021-SFR3, Class E1<br>2.99%<sup>(1)</sup> | 12/17/38 | 1173000 | 1141898 |
|  FirstKey Homes Trust Series 2022-SFR1, Class D<br>5.20%<sup>(1)</sup> | 05/19/39 | 1100000 | 1097577 |
|  Frost CMBS DAC Series 2021-1A, Class EUE<br>6.02% (3 mo. EUR EURIBOR + 3.990%)<sup>(1),(6)</sup> | 11/20/33 | 717679 | 838287 |
|  FRTKL Group, Inc. Series 2021-SFR1, Class G<br>4.11%<sup>(1)</sup> | 09/17/38 | 1015000 | 984921 |
|  Government National Mortgage Association Series 2009-114, Class IO (I/O)<br>0.00%<sup>(4),(5)</sup> | 10/16/49 | 4358384 | 44 |
|  Government National Mortgage Association Series 2011-105, Class IO (I/O)<br>0.00%<sup>(4),(5)</sup> | 09/16/51 | 1558570 | 16 |
|  Government National Mortgage Association Series 2012-4, Class IO (I/O)<br>0.00%<sup>(4),(5)</sup> | 05/16/52 | 2198288 | 22 |
|  Grace Trust Series 2020-GRCE, Class D<br>2.77%<sup>(1),(5)</sup> | 12/10/40 | 700000 | 612115 |
|  Grace Trust Series 2020-GRCE, Class F<br>2.77%<sup>(1),(5)</sup> | 12/10/40 | 376000 | 295623 |
|  Grace Trust Series 2020-GRCE, Class X (I/O)<br>0.39%<sup>(1),(5)</sup> | 12/10/40 | 10620000 | 143549 |
|  GS Mortgage Securities Trust Series 2016-GS2, Class XA (I/O)<br>1.86%<sup>(5)</sup> | 05/10/49 | 3643057 | 4602 |
|  Highways PLC Series 2021-1X, Class C<br>6.39% (1 day GBP SONIA + 2.400%)<sup>(6),(7)</sup> | 12/18/31 | 425000 | 575988 |
|  Hilton USA Trust Series 2016-HHV, Class F<br>4.33%<sup>(1),(5)</sup> | 11/05/38 | 1341000 | 1304440 |
|  Hudson Yards Mortgage Trust Series 2019-30HY, Class D<br>3.56%<sup>(1),(5)</sup> | 07/10/39 | 450000 | 409767 |
|  Hudson Yards Mortgage Trust Series 2019-55HY, Class F<br>3.04%<sup>(1),(5)</sup> | 12/10/41 | 150000 | 128190 |
|  ILPT Trust Series 2019-SURF, Class A<br>4.15%<sup>(1)</sup> | 02/11/41 | 240000 | 235474 |
|  JPMBB Commercial Mortgage Securities Trust Series 2014-C23, Class XA (I/O)<br>0.49%<sup>(5)</sup> | 09/15/47 | 629127 | 9 |

---

------

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited) (Cont'd)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity**<br>**Date** | **Principal**<br>**Amount** | **Principal**<br>**Amount** | **Value** | **Value** |
|  JPMBB Commercial Mortgage Securities Trust Series 2014-C24, Class XA (I/O)<br>0.86%<sup>(5)</sup> | 11/15/47 | $| 1012893 | $| 24 |
|  JPMBB Commercial Mortgage Securities Trust Series 2015-C29, Class XD (I/O)<br>0.50%<sup>(1),(5)</sup> | 05/15/48 |  | 26458000 |  | 132297 |
|  JPMCC Commercial Mortgage Securities Trust Series 2017-JP5, Class XA (I/O)<br>0.91%<sup>(5)</sup> | 03/15/50 |  | 8917813 |  | 78402 |
|  JPMorgan Chase Commercial Mortgage Securities Trust Series 2011-C3, Class XB<br>(I/O)<br>0.49%<sup>(1),(5)</sup> | 02/15/46 |  | 47117770 |  | 318083 |
|  JPMorgan Chase Commercial Mortgage Securities Trust Series 2016-NINE, Class A<br>2.95%<sup>(1),(5)</sup> | 09/06/38 |  | 775000 |  | 762404 |
|  JPMorgan Chase Commercial Mortgage Securities Trust Series 2019-OSB, Class A<br>3.40%<sup>(1)</sup> | 06/05/39 |  | 585000 |  | 553298 |
|  KRE Commercial Mortgage Trust Series 2025-AIP4, Class E<br>7.15% (1 mo. USD Term SOFR + 3.000%)<sup>(1),(6)</sup> | 03/15/42 |  | 490000 |  | 489318 |
|  Manhattan West Mortgage Trust Series 2020-1MW, Class A<br>2.13%<sup>(1)</sup> | 09/10/39 |  | 695000 |  | 662727 |
|  MF1 Ltd. Series 2021-FL6, Class C<br>6.10% (1 mo. USD Term SOFR + 1.964%)<sup>(1),(6)</sup> | 07/16/36 |  | 530000 |  | 529934 |
|  MFT Mortgage Trust Series 2020-B6, Class C<br>3.39%<sup>(1),(5)</sup> | 08/10/40 |  | 220000 |  | 144234 |
|  Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C22, Class XA (I/O)<br>0.69%<sup>(5)</sup> | 04/15/48 |  | 1288058 |  | 17 |
|  Morgan Stanley Bank of America Merrill Lynch Trust Series 2016-C31, Class XA (I/O)<br>1.40%<sup>(5)</sup> | 11/15/49 |  | 5682676 |  | 40100 |
|  Morgan Stanley Capital I Trust Series 2020-CNP, Class C<br>2.51%<sup>(1),(5)</sup> | 04/05/42 |  | 620000 |  | 514886 |
|  NXPT Commercial Mortgage Trust Series 2024-STOR, Class E<br>6.93%<sup>(1),(5)</sup> | 11/05/41 |  | 528000 |  | 535656 |
|  One New York Plaza Trust Series 2020-1NYP, Class A<br>5.22% (1 mo. USD Term SOFR + 1.064%)<sup>(1),(6)</sup> | 01/15/36 |  | 390000 |  | 383939 |
|  Progress Residential Trust Series 2021-SFR6, Class F<br>3.42%<sup>(1)</sup> | 07/17/38 |  | 730000 |  | 718510 |
|  Progress Residential Trust Series 2021-SFR7, Class E2<br>2.64%<sup>(1)</sup> | 08/17/40 |  | 1451000 |  | &nbsp;&nbsp;&nbsp;&nbsp;1354060 |
|  Progress Residential Trust Series 2021-SFR8, Class G<br>4.01%<sup>(1)</sup> | 10/17/38 |  | 1450000 |  | 1422876 |
|  Progress Residential Trust Series 2021-SFR9, Class E1<br>2.81%<sup>(1)</sup> | 11/17/40 |  | 1707000 |  | 1594159 |
|  SCG Commercial Mortgage Trust Series 2025-FLWR, Class E<br>6.90% (1 mo. USD Term SOFR + 2.750%)<sup>(1),(6)</sup> | 08/15/42 |  | 500000 |  | 501682 |
|  SFAVE Commercial Mortgage Securities Trust Series 2015-5AVE, Class A2A<br>3.66%<sup>(1),(5)</sup> | 01/05/43 |  | 805000 |  | 691766 |
|  SFAVE Commercial Mortgage Securities Trust Series 2015-5AVE, Class D<br>4.53%<sup>(1),(5)</sup> | 01/05/43 |  | 880000 |  | 668157 |
|  SFO Commercial Mortgage Trust Series 2021-555, Class A<br>5.41% (1 mo. USD Term SOFR + 1.264%)<sup>(1),(6)</sup> | 05/15/38 |  | 550000 |  | 546490 |
|  SMRT Commercial Mortgage Trust Series 2022-MINI, Class D<br>6.10% (1 mo. USD Term SOFR + 1.950%)<sup>(1),(6)</sup> | 01/15/39 |  | 510000 |  | 507813 |
|  SMRT Commercial Mortgage Trust Series 2022-MINI, Class E<br>6.85% (1 mo. USD Term SOFR + 2.700%)<sup>(1),(6)</sup> | 01/15/39 |  | 1005000 |  | 997212 |
|  SMRT Commercial Mortgage Trust Series 2022-MINI, Class F<br>7.50% (1 mo. USD Term SOFR + 3.350%)<sup>(1),(6)</sup> | 01/15/39 |  | 246000 |  | 240225 |
|  Taurus U.K. DAC Series 2021-UK1A, Class D<br>6.59% (1 day GBP SONIA + 2.600%)<sup>(1),(6)</sup> | 05/17/31 | GBP | 446719 |  | 604483 |
|  Taurus U.K. DAC Series 2021-UK1X, Class E<br>7.64% (1 day GBP SONIA + 3.650%)<sup>(6),(7)</sup> | 05/17/31 | GBP | 665115 |  | 899572 |
|  TCO Commercial Mortgage Trust Series 2024-DPM, Class D<br>6.89% (1 mo. USD Term SOFR + 2.741%)<sup>(1),(6)</sup> | 12/15/39 |  | 500000 |  | 503072 |
|  Tricon Residential Trust Series 2021-SFR1, Class F<br>3.69%<sup>(1)</sup> | 07/17/38 |  | 750000 |  | 739914 |
|  U.K. Logistics DAC Series 2025-1A, Class E<br>9.49% (1 day GBP SONIA + 5.500%)<sup>(1),(6)</sup> | 05/17/35 | GBP | 267731 |  | 361819 |
|  UBS Commercial Mortgage Trust Series 2017-C5, Class XA (I/O)<br>1.24%<sup>(5)</sup> | 11/15/50 |  | 4215039 |  | 67878 |
|  Vita Scientia DAC Series 2022-1X, Class D<br>4.51% (3 mo. EUR EURIBOR + 2.490%)<sup>(6),(7)</sup> | 02/27/33 | EUR | 1500000 |  | 1748451 |
|  Wells Fargo Commercial Mortgage Trust Series 2018-C47, Class AS<br>4.67%<sup>(5)</sup> | 09/15/61 |  | 750000 |  | 748006 |
|  WFRBS Commercial Mortgage Trust Series 2013-C14, Class XA (I/O)<br>0.46%<sup>(5)</sup> | 06/15/46 |  | 119084 |  | 1 |
|  **Total Commercial Mortgage-backed Securities—Non-agency** (Cost: $40,340,868) |  |  |  |  | 39037026 |
|  **Residential Mortgage-backed Securities—Agency—24.1%** | **Residential Mortgage-backed Securities—Agency—24.1%** | **Residential Mortgage-backed Securities—Agency—24.1%** | **Residential Mortgage-backed Securities—Agency—24.1%** | **Residential Mortgage-backed Securities—Agency—24.1%** | **Residential Mortgage-backed Securities—Agency—24.1%** |
|  Federal Home Loan Mortgage Corp., Pool #SD8199<br>2.00% | 03/01/52 |  | 2244096 |  | 1818047 |
|  Federal Home Loan Mortgage Corp., Pool #SD8220<br>3.00% | 06/01/52 |  | 1374779 |  | 1212854 |
|  Federal Home Loan Mortgage Corp., Pool #SD8225<br>3.00% | 07/01/52 |  | 2419021 |  | 2132393 |
|  Federal Home Loan Mortgage Corp., Pool #SD8238<br>4.50% | 08/01/52 |  | 543181 |  | 529694 |
|  Federal Home Loan Mortgage Corp., Pool #SD3246<br>4.00% | 08/01/52 |  | 1202038 |  | 1138221 |
|  Federal Home Loan Mortgage Corp., Pool #SD8237<br>4.00% | 08/01/52 |  | 1440598 |  | 1363893 |
|  Federal Home Loan Mortgage Corp., Pool #SD8245<br>4.50%<sup>(10)</sup> | 09/01/52 |  | 563610 |  | 549528 |

---

------

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited) (Cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity**<br>**Date** | **Principal**<br>**Amount** | **Value** |
|  Federal Home Loan Mortgage Corp., Pool #RA7870<br>4.00% | 09/01/52 | $705248 | $667588 |
|  Federal Home Loan Mortgage Corp., Pool #SD8257<br>4.50% | 10/01/52 | 1172470 | 1142995 |
|  Federal Home Loan Mortgage Corp., Pool #SD8265<br>4.00% | 11/01/52 | 510205 | 482802 |
|  Federal Home Loan Mortgage Corp., Pool #SD8275<br>4.50% | 12/01/52 | 497691 | 485102 |
|  Federal Home Loan Mortgage Corp. REMICS Series 3122, Class SG (I/O)(I/F)(TAC)(PAC)<br>1.14% (-30 day USD SOFR Average + 5.516%)<sup>(6)</sup> | 03/15/36 | 830405 | 44035 |
|  Federal Home Loan Mortgage Corp. REMICS Series 3239, Class SI (I/O) (I/F) (PAC)<br>2.16% (-30 day USD SOFR Average + 6.536%)<sup>(6)</sup> | 11/15/36 | 198758 | 21661 |
|  Federal Home Loan Mortgage Corp. REMICS Series 3323, Class SA (I/O) (I/F)<br>1.62% (-30 day USD SOFR Average + 5.996%)<sup>(6)</sup> | 05/15/37 | 42913 | 1162 |
|  Federal Home Loan Mortgage Corp. REMICS Series 3459, Class JS (I/O) (I/F)<br>1.76% (-30 day USD SOFR Average + 6.136%)<sup>(6)</sup> | 06/15/38 | 67195 | 6829 |
|  Federal Home Loan Mortgage Corp. REMICS Series 4030, Class HS (I/O) (I/F)<br>2.12% (-30 day USD SOFR Average + 6.496%)<sup>(6)</sup> | 04/15/42 | 380011 | 43606 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5234, Class S (I/O) (I/F) (PAC)<br>1.69% (-30 day USD SOFR Average + 6.050%)<sup>(6)</sup> | 12/25/50 | 1823415 | 132882 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5471, Class SY (I/O) (I/F)<br>1.04% (-30 day USD SOFR Average + 5.400%)<sup>(6)</sup> | 11/25/54 | 1224972 | 81809 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5544, Class SD (I/O) (I/F)<br>0.69% (-30 day USD SOFR Average + 5.050%)<sup>(6)</sup> | 06/25/55 | 2265816 | 138104 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5546, Class AS (I/F)<br>3.97% (-30 day USD SOFR Average + 10.500%)<sup>(6)</sup> | 06/25/55 | 377825 | 364204 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5547, Class S (I/F)<br>4.04% (-30 day USD SOFR Average + 10.575%)<sup>(6)</sup> | 06/25/55 | 379787 | 358616 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5548, Class S (I/F)<br>4.41% (-30 day USD SOFR Average + 11.667%)<sup>(6)</sup> | 06/25/55 | 381271 | 371160 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5549, Class JS (I/F)<br>3.97% (-30 day USD SOFR Average + 10.500%)<sup>(6)</sup> | 06/25/55 | 118033 | 113984 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5578, Class SD (I/O) (I/F)<br>1.54% (-30 day USD SOFR Average + 5.900%)<sup>(6)</sup> | 09/25/55 | 1467937 | 150811 |
|  Federal Home Loan Mortgage Corp. STRIPS Series 386, Class C1 (I/O)<br>2.00% | 03/15/52 | 3267696 | 434753 |
|  Federal Home Loan Mortgage Corp. STRIPS Series 408, Class C37<br>2.00% | 03/25/52 | 1274216 | 177356 |
|  Federal National Mortgage Association, Pool #AN3542<br>3.41% | 11/01/46 | 1013481 | 875530 |
|  Federal National Mortgage Association, Pool #BV4122<br>2.00% | 03/01/52 | 732608 | 593520 |
|  Federal National Mortgage Association, Pool #FS1598<br>2.00% | 04/01/52 | 312864 | 253466 |
|  Federal National Mortgage Association, Pool #BV8463<br>2.50% | 04/01/52 | 1287331 | 1090226 |
|  Federal National Mortgage Association, Pool #MA4656<br>4.50% | 07/01/52 | 1829867 | &nbsp;&nbsp;&nbsp;&nbsp;1784714 |
|  Federal National Mortgage Association, Pool #MA4701<br>4.50% | 08/01/52 | 296107 | 288755 |
|  Federal National Mortgage Association, Pool #MA4733<br>4.50% | 09/01/52 | 972580 | 948280 |
|  Federal National Mortgage Association, Pool #MA4769<br>2.00% | 09/01/52 | 807260 | 653999 |
|  Federal National Mortgage Association, Pool #MA4768<br>2.50% | 09/01/52 | 1405892 | 1190634 |
|  Federal National Mortgage Association, Pool #MA4784<br>4.50%<sup>(10)</sup> | 10/01/52 | 1742951 | 1699134 |
|  Federal National Mortgage Association, Pool #MA4783<br>4.00% | 10/01/52 | 1214582 | 1149535 |
|  Federal National Mortgage Association, Pool #MA4866<br>4.00% | 01/01/53 | 1194923 | 1130559 |
|  Federal National Mortgage Association, Pool #MA5584<br>4.50% | 01/01/55 | 1609066 | 1561583 |
|  Federal National Mortgage Association Interest STRIPS Series 434, Class C29 (I/O)<br>2.00% | 10/25/52 | 3725168 | 487194 |
|  Federal National Mortgage Association Interest STRIPS Series 436, Class C32 (I/O)<br>2.00% | 10/25/52 | 3244820 | 423774 |
|  Federal National Mortgage Association REMICS Series 2007-42, Class SE (I/O) (I/F)<br>1.64% (-30 day USD SOFR Average + 5.996%)<sup>(6)</sup> | 05/25/37 | 31070 | 2333 |
|  Federal National Mortgage Association REMICS Series 2007-48, Class SD (I/O) (I/F)<br>1.63% (-30 day USD SOFR Average + 5.986%)<sup>(6)</sup> | 05/25/37 | 573997 | 51519 |
|  Federal National Mortgage Association REMICS Series 2009-69, Class CS (I/O) (I/F)<br>2.28% (-30 day USD SOFR Average + 6.636%)<sup>(6)</sup> | 09/25/39 | 89675 | 10287 |

---

------

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited) (Cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  Federal National Mortgage Association REMICS Series 2024-81, Class SE (I/O) (I/F)<br>0.99% (-30 day USD SOFR Average + 5.350%)<sup>(6)</sup> | 07/25/54 | $4850831 | $267585 |
|  Government National Mortgage Association, Pool #MA9963<br>4.50% | 10/20/54 | 1247055 | 1211740 |
|  Government National Mortgage Association REMICS Series 2006-35, Class SA (I/O) (I/F)<br>2.35% (-1 mo. USD Term SOFR + 6.486%)<sup>(6)</sup> | 07/20/36 | 606207 | 63595 |
|  Government National Mortgage Association REMICS Series 2006-61, Class SA (I/O) (I/F) (TAC)<br>0.50% (-1 mo. USD Term SOFR + 4.636%)<sup>(6)</sup> | 11/20/36 | 697096 | 14312 |
|  Government National Mortgage Association REMICS Series 2008-58, Class TS (I/O) (I/F) (TAC)<br>2.15% (-1 mo. USD Term SOFR + 6.286%)<sup>(6)</sup> | 05/20/38 | 175431 | 3123 |
|  Government National Mortgage Association REMICS Series 2014-118, Class ST (I/F)<br>1.35% (-1 mo. USD Term SOFR + 5.486%)<sup>(6)</sup> | 08/20/44 | 3324783 | 288432 |
|  Government National Mortgage Association REMICS Series 2016-153, Class IO (I/O)<br>3.50% | 11/20/46 | 1089143 | 214979 |
|  Government National Mortgage Association REMICS Series 2023-165, Class CO (P/O)<br>0.00%<sup>(4)</sup> | 11/20/53 | 226176 | 198324 |
|  Government National Mortgage Association REMICS Series 2024-159, Class SM (I/F)<br>1.06% (-30 day USD SOFR Average + 5.450%)<sup>(6)</sup> | 10/20/54 | 3302898 | 201715 |
|  Government National Mortgage Association REMICS Series 2024-159, Class XS (I/O) (I/F)<br>1.11% (-30 day USD SOFR Average + 5.500%)<sup>(6)</sup> | 10/20/54 | 2464807 | 198824 |
|  Government National Mortgage Association, TBA |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%<sup>(11)</sup> | 05/01/52 | 2725000 | 2563029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%<sup>(11)</sup> | 08/01/54 | 1550000 | 1503481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%<sup>(11)</sup> | 04/01/55 | 3950000 | 3979783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%<sup>(11)</sup> | 04/01/55 | 3025000 | 3009287 |
|  Uniform Mortgage-Backed Security, TBA |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%<sup>(11)</sup> | 10/01/51 | 1800000 | 1451923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%<sup>(11)</sup> | 11/01/51 | 3675000 | 3097852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%<sup>(11)</sup> | 12/01/51 | 1425000 | 1252009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%<sup>(11)</sup> | 01/01/52 | 4600000 | 4205258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%<sup>(11)</sup> | 02/01/52 | 1650000 | 1555415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%<sup>(11)</sup> | 06/01/54 | 1650000 | 1600735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%<sup>(11)</sup> | 03/01/55 | 4625000 | 4587383 |
|  **Total Residential Mortgage-backed Securities—Agency** (Cost: $65,605,796) |  |  | 59627915 |
|  **Residential Mortgage-backed Securities—Non-agency—23.8%** |  |  |  |
|  ABFC Trust Series 2007-NC1, Class A2<br>4.57% (1 mo. USD Term SOFR + 0.414%)<sup>(1),(6)</sup> | 05/25/37 | 612995 | 580324 |
|  ACE Securities Corp. Home Equity Loan Trust Series 2004-IN1, Class A1<br>4.91% (1 mo. USD Term SOFR + 0.754%)<sup>(6)</sup> | 05/25/34 | 271912 | 256372 |
|  ACE Securities Corp. Home Equity Loan Trust Series 2007-ASP1, Class A2C<br>4.79% (1 mo. USD Term SOFR + 0.634%)<sup>(6)</sup> | 03/25/37 | 1105120 | 450479 |
|  Adjustable Rate Mortgage Trust Series 2005-4, Class 6A22<br>4.94%<sup>(5)</sup> | 08/25/35 | 287672 | 228405 |
|  Ajax Mortgage Loan Trust Series 2019-F, Class A2<br>3.50%<sup>(1)</sup> | 07/25/59 | 1300000 | 1259426 |
|  Ajax Mortgage Loan Trust Series 2021-D, Class A<br>5.00%<sup>(1)</sup> | 03/25/60 | 662521 | 662692 |
|  Angel Oak Mortgage Trust Series 2024-11, Class M1A<br>6.58%<sup>(1),(5)</sup> | 08/25/69 | 750000 | 763065 |
|  Asset-Backed Securities Corp. Home Equity Loan Trust Series 2007-HE1, Class A1B<br>3.56% (1 mo. USD Term SOFR + 0.414%)<sup>(6)</sup> | 12/25/36 | 167350 | 163043 |
|  Banc of America Alternative Loan Trust Series 2005-10, Class 1CB1<br>4.67% (1 mo. USD Term SOFR + 0.514%)<sup>(6)</sup> | 11/25/35 | 219489 | 191377 |
|  Banc of America Funding Trust Series 2006-3, Class 4A14<br>6.00% | 03/25/36 | 76478 | 65148 |
|  Banc of America Funding Trust Series 2006-3, Class 5A3<br>5.50% | 03/25/36 | 78014 | 71050 |
|  Banc of America Funding Trust Series 2015-R4, Class 2A1<br>4.64% (1 mo. USD Term SOFR + 0.319%)<sup>(1),(6)</sup> | 02/25/37 | 31844 | 31795 |
|  BCMSC Trust Series 2000-A, Class A4<br>8.29%<sup>(5)</sup> | 06/15/30 | 3316690 | 237097 |
|  Bear Stearns ALT-A Trust Series 2005-3, Class 4A3<br>4.28%<sup>(5)</sup> | 04/25/35 | 132803 | 129716 |
|  Bear Stearns ARM Trust Series 2003-7, Class 9A<br>6.17%<sup>(5)</sup> | 10/25/33 | 134447 | 122696 |
|  Bear Stearns ARM Trust Series 2005-9, Class A1<br>6.42% (1 yr. CMT + 2.300%)<sup>(6)</sup> | 10/25/35 | 74179 | 71034 |
|  Bear Stearns ARM Trust Series 2007-4, Class 22A1<br>4.25%<sup>(5)</sup> | 06/25/47 | 474812 | 418275 |
|  Bear Stearns Asset-Backed Securities I Trust Series 2005-AC6, Class 1A3<br>5.50%<sup>(5)</sup> | 09/25/35 | 227286 | 219739 |
|  Bear Stearns Asset-Backed Securities I Trust Series 2006-IM1, Class A1<br>4.73% (1 mo. USD Term SOFR + 0.574%)<sup>(6)</sup> | 04/25/36 | 100476 | 103429 |
|  Bear Stearns Mortgage Funding Trust Series 2007-AR3, Class 1X (I/O)<br>0.50% | 03/25/37 | 21721581 | 429556 |
|  C-BASS Mortgage Loan Trust Series 2007-CB2, Class A2B<br>3.50% | 02/25/37 | 671395 | 392736 |
|  C-BASS Mortgage Loan Trust Series 2007-CB2, Class A2C<br>3.50% | 02/25/37 | 659653 | 385867 |
|  C-BASS Mortgage Loan Trust Series 2007-CB3, Class A3<br>3.27% | 03/25/37 | 1056155 | 369377 |

---

------

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited) (Cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  Carrington Mortgage Loan Trust Series 2006-NC4, Class A4<br>4.51% (1 mo. USD Term SOFR + 0.354%)<sup>(6)</sup> | 10/25/36 | $1250000 | $&nbsp;&nbsp;&nbsp;&nbsp;1087408 |
|  Carrington Mortgage Loan Trust Series 2007-RFC1, Class A3<br>4.41% (1 mo. USD Term SOFR + 0.254%)<sup>(6)</sup> | 12/25/36 | 630653 | 620011 |
|  CFMT LLC Series 2024-NR1, Class A1<br>6.41%<sup>(1)</sup> | 11/25/29 | 776935 | 784664 |
|  CHL Mortgage Pass-Through Trust Series 2004-HYB4, Class B1<br>5.90%<sup>(5)</sup> | 09/20/34 | 57676 | 14579 |
|  CHL Mortgage Pass-Through Trust Series 2006-14, Class X (I/O)<br>0.14%<sup>(5)</sup> | 09/25/36 | 5447021 | 18683 |
|  CHL Mortgage Pass-Through Trust Series 2006-HYB2, Class 1A1<br>5.39%<sup>(5)</sup> | 04/20/36 | 497847 | 375887 |
|  CHNGE Mortgage Trust Series 2023-1, Class M1<br>8.12%<sup>(1),(5)</sup> | 03/25/58 | 460000 | 463678 |
|  CIM Trust Series 2019-R1, Class A<br>3.25%<sup>(1),(5)</sup> | 10/25/58 | 535583 | 500418 |
|  CIM Trust Series 2021-R3, Class A1A<br>1.95%<sup>(1),(5)</sup> | 06/25/57 | 567926 | 529043 |
|  CIM Trust Series 2021-R4, Class A1A<br>2.00%<sup>(1),(5)</sup> | 05/01/61 | 553284 | 520181 |
|  CIM Trust Series 2021-R5, Class A1B<br>2.00%<sup>(1),(5)</sup> | 08/25/61 | 1096000 | 755736 |
|  CIM Trust Series 2025-R1, Class A1<br>5.00%<sup>(1)</sup> | 02/25/99 | 702723 | 699397 |
|  Citigroup Mortgage Loan Trust, Inc. Series 2005-11, Class A2A<br>6.48% (1 yr. CMT + 2.400%)<sup>(6)</sup> | 10/25/35 | 121240 | 126554 |
|  Citigroup Mortgage Loan Trust, Inc. Series 2005-8, Class 1A1A<br>5.27%<sup>(5)</sup> | 10/25/35 | 288698 | 229221 |
|  CitiMortgage Alternative Loan Trust Series 2006-A3, Class 1A7<br>6.00% | 07/25/36 | 452736 | 399168 |
|  CitiMortgage Alternative Loan Trust Series 2006-A5, Class 1A8<br>6.00% | 10/25/36 | 421422 | 366459 |
|  COLT Mortgage Loan Trust Series 2025-7, Class B1<br>6.92%<sup>(1),(5)</sup> | 06/25/70 | 620000 | 625115 |
|  Conseco Finance Securitizations Corp. Series 1999-6, Class A1<br>7.36%<sup>(1),(5)</sup> | 06/01/30 | 1175501 | 306748 |
|  Countrywide Alternative Loan Trust Series 2005-46CB, Class A20 (TAC)<br>5.50% | 10/25/35 | 450506 | 308127 |
|  Countrywide Alternative Loan Trust Series 2006-8T1, Class 1A2 (I/O) (I/F)<br>1.23% (-1 mo. USD Term SOFR + 5.386%)<sup>(6)</sup> | 04/25/36 | 4660685 | 545613 |
|  Countrywide Asset-Backed Certificates Trust Series 2007-13, Class 2A1<br>5.17% (1 mo. USD Term SOFR + 1.014%)<sup>(6)</sup> | 10/25/47 | 342348 | 320863 |
|  Credit Suisse First Boston Mortgage Securities Corp. Series 2005-12, Class 1A1<br>6.50% | 01/25/36 | 948046 | 205809 |
|  Credit-Based Asset Servicing & Securitization LLC Series 2003-CB3, Class AF1<br>3.38% | 12/25/32 | 179288 | 174617 |
|  Credit-Based Asset Servicing & Securitization LLC Series 2006-CB2, Class AF2<br>3.00% | 12/25/36 | 1634909 | 1330535 |
|  Cross Mortgage Trust Series 2024-H7, Class B1B<br>7.58%<sup>(1),(5)</sup> | 11/25/69 | 570000 | 574190 |
|  Deutsche Alt-A Securities, Inc. Mortgage Loan Trust Series 2006-AR6, Class A6<br>4.65% (1 mo. USD Term SOFR + 0.494%)<sup>(6)</sup> | 02/25/37 | 231342 | 201584 |
|  Deutsche Alt-B Securities, Inc. Mortgage Loan Trust Series 2006-AB2, Class A2<br>4.68%<sup>(5)</sup> | 06/25/36 | 714758 | 660872 |
|  DSLA Mortgage Loan Trust Series 2006-AR2, Class 2A1A<br>4.45% (1 mo. USD Term SOFR + 0.314%)<sup>(6)</sup> | 10/19/36 | 298580 | 200591 |
|  EFMT Series 2025-CES1, Class B1<br>7.07%<sup>(1),(5)</sup> | 01/25/60 | 670000 | 681316 |
|  EFMT Series 2025-NQM1, Class B1B<br>7.45%<sup>(1),(5)</sup> | 01/25/70 | 700000 | 704585 |
|  Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2019-R06, Class 2B1<br>8.22% (30 day USD SOFR Average + 3.864%)<sup>(1),(6)</sup> | 09/25/39 | 550285 | 561525 |
|  Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2019-R07, Class 1B1<br>7.87% (30 day USD SOFR Average + 3.514%)<sup>(1),(6)</sup> | 10/25/39 | 811584 | 826456 |
|  Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2021-R01, Class 1B2<br>10.36% (30 day USD SOFR Average + 6.000%)<sup>(1),(6)</sup> | 10/25/41 | 475000 | 493292 |
|  Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2021-R02, Class 2B2<br>10.56% (30 day USD SOFR Average + 6.200%)<sup>(1),(6)</sup> | 11/25/41 | 650000 | 677992 |
|  Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2021-R03, Class 1B2<br>9.86% (30 day USD SOFR Average + 5.500%)<sup>(1),(6)</sup> | 12/25/41 | 650000 | 673495 |
|  Federal National Mortgage Association Connecticut Avenue Securities Trust<br>Series 2022-R01, Class 1B2<br>10.36% (30 day USD SOFR Average + 6.000%)<sup>(1),(6)</sup> | 12/25/41 | 800000 | 836197 |
|  First Franklin Mortgage Loan Trust Series 2006-FF13, Class A2C<br>4.59% (1 mo. USD Term SOFR + 0.434%)<sup>(6)</sup> | 10/25/36 | 530335 | 350022 |
|  First Horizon Alternative Mortgage Securities Trust Series 2005-AA10, Class 2A1<br>5.36%<sup>(5)</sup> | 12/25/35 | 118328 | 89643 |
|  Fremont Home Loan Trust Series 2005-A, Class M4<br>5.29% (1 mo. USD Term SOFR + 1.134%)<sup>(6)</sup> | 01/25/35 | 1432275 | 1314996 |

---

------

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited) (Cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  GCAT Trust Series 2021-NQM6, Class A1<br>1.86%<sup>(1),(5)</sup> | 08/25/66 | $865775 | $792679 |
|  GCAT Trust Series 2025-NQM1, Class B1<br>7.10%<sup>(1),(5)</sup> | 11/25/69 | 650000 | 655234 |
|  GCAT Trust Series 2025-NQM4, Class B1<br>7.21%<sup>(1),(5)</sup> | 06/25/70 | 560000 | 565570 |
|  GreenPoint Manufactured Housing Series 2000-1, Class A4<br>8.14%<sup>(5)</sup> | 03/20/30 | 334416 | 187944 |
|  GSAA Home Equity Trust Series 2006-13, Class AF6<br>6.54% | 07/25/36 | 1057487 | 292987 |
|  GSAMP Trust Series 2007-NC1, Class A2C<br>4.57% (1 mo. USD Term SOFR + 0.414%)<sup>(6)</sup> | 12/25/46 | 2083510 | &nbsp;&nbsp;&nbsp;&nbsp;1034276 |
|  GSC Capital Corp. Mortgage Trust Series 2006-2, Class A1<br>4.63% (1 mo. USD Term SOFR + 0.474%)<sup>(6)</sup> | 05/25/36 | 134525 | 129543 |
|  GSR Mortgage Loan Trust Series 2005-AR3, Class 6A1<br>4.32%<sup>(5)</sup> | 05/25/35 | 110248 | 81876 |
|  HSI Asset Loan Obligation Trust Series 2007-2, Class 2A12<br>6.00% | 09/25/37 | 262291 | 189627 |
|  IndyMac INDX Mortgage Loan Trust Series 2004-AR6, Class 5A1<br>4.95%<sup>(5)</sup> | 10/25/34 | 199035 | 190397 |
|  IndyMac INDX Mortgage Loan Trust Series 2005-AR19, Class A1<br>3.66%<sup>(5)</sup> | 10/25/35 | 349792 | 281192 |
|  IndyMac INDX Mortgage Loan Trust Series 2006-AR13, Class A4X (I/O)<br>0.00%<sup>(4),(5)</sup> | 07/25/36 | 167728 |  |
|  IndyMac INDX Mortgage Loan Trust Series 2006-AR9, Class 1A1<br>4.24%<sup>(5)</sup> | 06/25/36 | 415030 | 222511 |
|  IndyMac INDX Mortgage Loan Trust Series 2007-AR5, Class 2A1<br>3.34%<sup>(5)</sup> | 05/25/37 | 525954 | 422742 |
|  IndyMac INDX Mortgage Loan Trust Series 2007-FLX2, Class A1C<br>4.65% (1 mo. USD Term SOFR + 0.494%)<sup>(6)</sup> | 04/25/37 | 1082137 | 971093 |
|  JPMorgan Alternative Loan Trust Series 2006-A2, Class 5A1<br>4.50%<sup>(5)</sup> | 05/25/36 | 308940 | 172025 |
|  JPMorgan Mortgage Acquisition Trust Series 2006-WF1, Class A5<br>6.91% | 07/25/36 | 1779010 | 470171 |
|  JPMorgan Mortgage Trust Series 2004-A6, Class 5A1<br>5.43%<sup>(5)</sup> | 12/25/34 | 140260 | 140063 |
|  JPMorgan Mortgage Trust Series 2007-S2, Class 1A1<br>5.00% | 06/25/37 | 146910 | 44598 |
|  JPMorgan Resecuritization Trust Series 2015-4, Class 2A2<br>0.00%<sup>(1),(4),(5)</sup> | 06/26/47 | 2593440 | 822689 |
|  Knock Issuer Trust Series 2025-1, Class A1<br>7.12%<sup>(1),(8)</sup> | 02/25/30 | 495000 | 500638 |
|  Lehman Mortgage Trust Series 2006-7, Class 2A5 (I/O) (I/F)<br>2.28% (-1 mo. USD Term SOFR + 6.436%)<sup>(6)</sup> | 11/25/36 | 2866764 | 331189 |
|  Lehman XS Trust Series 2006-10N, Class 1A3A<br>4.69% (1 mo. USD Term SOFR + 0.534%)<sup>(6)</sup> | 07/25/46 | 310170 | 302327 |
|  Lehman XS Trust Series 2006-12N, Class A31A<br>4.67% (1 mo. USD Term SOFR + 0.514%)<sup>(6)</sup> | 08/25/46 | 369186 | 386662 |
|  Long Beach Mortgage Loan Trust Series 2004-4, Class M1<br>5.17% (1 mo. USD Term SOFR + 1.014%)<sup>(6)</sup> | 10/25/34 | 245905 | 239059 |
|  MASTR Alternative Loan Trust Series 2006-2, Class 2A2 (I/O) (I/F)<br>2.83% (-1 mo. USD Term SOFR + 6.986%)<sup>(6)</sup> | 03/25/36 | 5879175 | 344754 |
|  MASTR Alternative Loan Trust Series 2007-HF1, Class 4A1<br>7.00% | 10/25/47 | 1046089 | 409888 |
|  MASTR Asset-Backed Securities Trust Series 2007-HE1, Class A4<br>4.83% (1 mo. USD Term SOFR + 0.674%)<sup>(6)</sup> | 05/25/37 | 2000000 | 1710456 |
|  Merrill Lynch Alternative Note Asset Trust Series 2007-OAR2, Class A2<br>4.69% (1 mo. USD Term SOFR + 0.534%)<sup>(6)</sup> | 04/25/37 | 457830 | 365410 |
|  Merrill Lynch First Franklin Mortgage Loan Trust Series 2007-3, Class A2B<br>4.53% (1 mo. USD Term SOFR + 0.374%)<sup>(6)</sup> | 06/25/37 | 241831 | 241392 |
|  Merrill Lynch First Franklin Mortgage Loan Trust Series 2007-3, Class A2C<br>4.63% (1 mo. USD Term SOFR + 0.474%)<sup>(6)</sup> | 06/25/37 | 347499 | 347962 |
|  Merrill Lynch Mortgage Investors Trust Series 2006-RM2, Class A1A<br>4.64% (1 mo. USD Term SOFR + 0.484%)<sup>(6)</sup> | 05/25/37 | 3682212 | 1028807 |
|  Merrill Lynch Mortgage-Backed Securities Trust Series 2007-2, Class 1A1<br>6.25% (1 yr. CMT + 2.400%)<sup>(6)</sup> | 08/25/36 | 78394 | 67449 |
|  New Residential Mortgage Loan Trust Series 2022-NQM2, Class A2<br>3.70%<sup>(1),(5)</sup> | 03/27/62 | 930000 | 760233 |
|  Nomura Asset Acceptance Corp. Alternative Loan Trust Series 2006-AR1, Class 1A<br>4.24%<sup>(5)</sup> | 02/25/36 | 99128 | 64566 |
|  Oakwood Mortgage Investors, Inc. Series 1999-E, Class A1<br>7.61%<sup>(5)</sup> | 03/15/30 | 441254 | 184046 |
|  Oakwood Mortgage Investors, Inc. Series 2000-A, Class A4<br>8.15%<sup>(5)</sup> | 09/15/29 | 1717630 | 211703 |
|  Oakwood Mortgage Investors, Inc. Series 2000-D, Class A4<br>7.40%<sup>(5)</sup> | 07/15/30 | 681680 | 89736 |
|  Oakwood Mortgage Investors, Inc. Series 2001-C, Class A3<br>6.61%<sup>(5)</sup> | 06/15/31 | 1671028 | 109184 |
|  Oakwood Mortgage Investors, Inc. Series 2001-D, Class A3<br>5.90%<sup>(5),(9),(12)</sup> | 09/15/22 | 470149 | 171987 |
|  PMT Loan Trust Series 2024-INV1, Class A29<br>6.00%<sup>(1),(5)</sup> | 10/25/59 | 686413 | 692880 |
|  PRET LLC Series 2025-NPL6, Class A1<br>5.74%<sup>(1)</sup> | 06/25/55 | 672536 | 676364 |
|  PRPM LLC Series 2024-RPL1, Class M1<br>4.25%<sup>(1),(5)</sup> | 12/25/64 | 650000 | 623994 |

---

------

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited) (Cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  PRPM LLC Series 2024-RPL2, Class M1<br>3.50%<sup>(1)</sup> | 05/25/54 | $900000 | $837445 |
|  RALI Trust Series 2005-QA8, Class CB21<br>5.19%<sup>(5)</sup> | 07/25/35 | 268720 | 136466 |
|  RALI Trust Series 2006-QS1, Class A3 (PAC)<br>5.75% | 01/25/36 | 175785 | 138389 |
|  RALI Trust Series 2006-QS13, Class 1A2 (I/O) (I/F)<br>2.89% (-1 mo. USD Term SOFR + 7.046%)<sup>(6)</sup> | 09/25/36 | 1674309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228126 |
|  RALI Trust Series 2006-QS6, Class 1AV (I/O)<br>0.77%<sup>(5)</sup> | 06/25/36 | 2192938 | 57264 |
|  RALI Trust Series 2006-QS7, Class A2<br>6.00% | 06/25/36 | 223230 | 179169 |
|  RALI Trust Series 2006-QS8, Class A3<br>6.00% | 08/25/36 | 404082 | 341700 |
|  RALI Trust Series 2007-QS2, Class AV (I/O)<br>0.29%<sup>(5)</sup> | 01/25/37 | 4923769 | 48947 |
|  RALI Trust Series 2007-QS3, Class AV (I/O)<br>0.36%<sup>(5)</sup> | 02/25/37 | 6012711 | 88006 |
|  RALI Trust Series 2007-QS6, Class A62 (TAC)<br>5.50% | 04/25/37 | 131514 | 106990 |
|  RCKT Mortgage Trust Class B1, Series 2024-CES8<br>7.40%<sup>(1)</sup> | 11/25/44 | 700000 | 713049 |
|  RCKT Mortgage Trust Series 2024-CES6, Class A3<br>5.99%<sup>(1)</sup> | 09/25/44 | 800000 | 807275 |
|  RCKT Mortgage Trust Series 2024-CES7, Class B1<br>7.31%<sup>(1)</sup> | 10/25/44 | 630000 | 641328 |
|  Residential Asset Securitization Trust Series 2005-A15, Class 4A1<br>6.00% | 02/25/36 | 935234 | 251370 |
|  Residential Asset Securitization Trust Series 2007-A5, Class AX (I/O)<br>6.00% | 05/25/37 | 1031631 | 162199 |
|  RFMSI Trust Series 2006-S9, Class AV (I/O)<br>0.33%<sup>(5)</sup> | 09/25/36 | 13813882 | 149807 |
|  Saxon Asset Securities Trust Series 2007-3, Class 2A4<br>4.76% (1 mo. USD Term SOFR + 0.604%)<sup>(6)</sup> | 09/25/47 | 1326000 | 1137305 |
|  Securitized Asset-Backed Receivables LLC Trust Series 2006-CB1, Class AF2<br>2.82% | 01/25/36 | 865690 | 745644 |
|  Securitized Asset-Backed Receivables LLC Trust Series 2007-NC2, Class A2C<br>4.71% (1 mo. USD Term SOFR + 0.554%)<sup>(6)</sup> | 01/25/37 | 1494000 | 1059367 |
|  Shamrock Residential DAC Series 2024-1A, Class C<br>4.11% (1 mo. EUR EURIBOR + 2.200%)<sup>(1),(6)</sup> | 12/24/78 | 575000 | 673549 |
|  Structured Adjustable Rate Mortgage Loan Trust Series 2005-20, Class 1A1<br>6.03%<sup>(5)</sup> | 10/25/35 | 77134 | 71598 |
|  Structured Asset Mortgage Investments II Trust Series 2006-AR4, Class 5A1<br>4.63% (1 mo. USD Term SOFR + 0.474%)<sup>(6)</sup> | 06/25/36 | 469869 | 384319 |
|  VCAT LLC Series 2025-NPL1, Class A1<br>5.88%<sup>(1)</sup> | 01/25/55 | 562963 | 564590 |
|  Verus Securitization Trust Class B1, Series 2023-5<br>8.00%<sup>(1),(5)</sup> | 06/25/68 | 760000 | 766616 |
|  Verus Securitization Trust Series 2023-4, Class A1<br>5.81%<sup>(1)</sup> | 05/25/68 | 638837 | 641174 |
|  Verus Securitization Trust Series 2023-7, Class B1<br>7.89%<sup>(1),(5)</sup> | 10/25/68 | 650000 | 659432 |
|  Verus Securitization Trust Series 2025-3, Class B1<br>7.51%<sup>(1),(5)</sup> | 05/25/70 | 734000 | 748111 |
|  VOLT CIII LLC Series 2021-CF1, Class A1<br>5.99%<sup>(1)</sup> | 08/25/51 | 399885 | 400426 |
|  WaMu Asset-Backed Certificates WaMu Trust Series 2007-HE1, Class 2A3<br>4.57% (1 mo. USD Term SOFR + 0.414%)<sup>(6)</sup> | 01/25/37 | 1423416 | 649221 |
|  Wells Fargo Alternative Loan Trust Series 2007-PA2, Class 2A2 (I/O) (I/F)<br>1.80% (-1 mo. USD Term SOFR + 5.956%)<sup>(6)</sup> | 06/25/37 | 1079533 | 115070 |
|  Wells Fargo Mortgage-Backed Securities Trust Series 2007-AR3, Class A4<br>6.29%<sup>(5)</sup> | 04/25/37 | 57330 | 50999 |
|  **Total Residential Mortgage-backed Securities—Non-agency** (Cost: $63,537,560) |  |  | 58840822 |
|  **Total Mortgage-backed Securities** (Cost: $172,375,854) |  |  | 158091117 |
|  **CORPORATE BONDS—24.1%** |  |  |  |
|  **Aerospace & Defense—0.8%** |  |  |  |
|  General Electric Co.<br>4.95% (3 mo. USD Term SOFR + 0.742%)<sup>(6)</sup> | 08/15/36 | 1400000 | 1333710 |
|  TransDigm, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%<sup>(1)</sup> | 01/15/33 | 260000 | 262998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%<sup>(1)</sup> | 05/31/33 | 360000 | 365339 |
|  |  |  | 1962047 |
|  **Agriculture—0.4%** |  |  |  |
|  Altria Group, Inc.<br>4.88% | 02/04/28 | 195000 | 198235 |
|  Imperial Brands Finance PLC (United Kingdom) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%<sup>(1)</sup> | 06/30/28 | 500000 | 503605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%<sup>(1)</sup> | 07/27/27 | 125000 | 129024 |
|  Philip Morris International, Inc.<br>2.75% | 06/06/29 | &nbsp;&nbsp;&nbsp;&nbsp;125000 | 146215 |
|  |  |  | 977079 |
|  **Airlines—0.3%** |  |  |  |
|  American Airlines, Inc./AAdvantage Loyalty IP Ltd.<br>5.75%<sup>(1)</sup> | 04/20/29 | 150000 | 150684 |
|  JetBlue Pass-Through Trust Series 2020-1, Class A<br>4.00% | 05/15/34 | 564427 | 532401 |
|  |  |  | 683085 |
|  **Auto Manufacturers—0.1%** |  |  |  |
|  Volkswagen Group of America Finance LLC (Germany)<br>5.80%<sup>(1)</sup> | 03/27/35 | 70000 | 71829 |
|  Volkswagen International Finance NV (Germany)<br>7.88% (9 yr. EUR Swap + 4.783%)<sup>(6),(7),(13)</sup> | 09/06/32 | &nbsp;&nbsp;&nbsp;&nbsp;200000 | 271738 |
|  |  |  | 343567 |
|  **Banks—3.7%** |  |  |  |
|  Bank of America Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.66% (1 day USD SOFR + 0.910%)<sup>(6)</sup> | 03/11/27 | 460000 | 454678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.92% (1 day USD SOFR + 1.370%)<sup>(6)</sup> | 10/24/31 | 540000 | 479704 |

---

------

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited) (Cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30% (1 day USD SOFR + 1.220%)<sup>(6)</sup> | 07/21/32 | $145000 | $128640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55% (1 day USD SOFR + 1.050%)<sup>(6)</sup> | 02/04/28 | 120000 | 117563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65% (1 day USD SOFR + 1.220%)<sup>(6)</sup> | 03/11/32 | 45000 | 41032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.42% (3 mo. USD Term SOFR + 1.302%)<sup>(6)</sup> | 12/20/28 | 395000 | 388842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38% (5 yr. CMT + 2.760%)<sup>(6),(13)</sup> | 01/27/27 | 140000 | 137675 |
|  Citigroup, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.52% (1 day USD SOFR + 1.177%)<sup>(6)</sup> | 11/03/32 | 515000 | 457495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45% (1 day USD SOFR + 1.447%)<sup>(6)</sup> | 06/11/35 | 35000 | 36303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88% (5 yr. CMT + 2.890%)<sup>(6),(13)</sup> | 08/15/30 | 135000 | 139374 |
|  Goldman Sachs Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.09% (1 day USD SOFR + 0.789%)<sup>(6)</sup> | 12/09/26 | 1275000 | &nbsp;&nbsp;&nbsp;&nbsp;1267044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.54% (1 day USD SOFR + 0.818%)<sup>(6)</sup> | 09/10/27 | 1350000 | 1316736 |
|  HSBC Holdings PLC (United Kingdom)<br>2.36% (1 day USD SOFR + 1.947%)<sup>(6)</sup> | 08/18/31 | 55000 | 49802 |
|  JPMorgan Chase & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.04% (3 mo. USD Term SOFR + 0.695%)<sup>(6)</sup> | 02/04/27 | 1245000 | 1231268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.05% (1 day USD SOFR + 0.800%)<sup>(6)</sup> | 11/19/26 | 75000 | 74665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.58% (1 day USD SOFR + 0.885%)<sup>(6)</sup> | 04/22/27 | 425000 | 418829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.07% (1 day USD SOFR + 1.015%)<sup>(6)</sup> | 06/01/29 | 660000 | 626248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95% (1 day USD SOFR + 1.340%)<sup>(6)</sup> | 10/22/35 | 90000 | 90818 |
|  Morgan Stanley<br>2.24% (1 day USD SOFR + 1.178%)<sup>(6)</sup> | 07/21/32 | 410000 | 362309 |
|  PNC Financial Services Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40% (5 yr. CMT + 2.595%)<sup>(6),(13)</sup> | 09/15/26 | 130000 | 126218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88% (1 day USD SOFR + 2.284%)<sup>(6)</sup> | 10/20/34 | 30000 | 34008 |
|  Santander U.K. Group Holdings PLC (United Kingdom)<br>1.67% (1 day USD SOFR + 0.989%)<sup>(6)</sup> | 06/14/27 | 55000 | 53982 |
|  U.S. Bancorp<br>5.68% (1 day USD SOFR + 1.860%)<sup>(6)</sup> | 01/23/35 | 15000 | 15813 |
|  Wells Fargo & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.39% (1 day USD SOFR + 2.100%)<sup>(6)</sup> | 06/02/28 | 955000 | 928413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35% (1 day USD SOFR + 1.500%)<sup>(6)</sup> | 03/02/33 | 305000 | 283976 |
|  |  |  | 9261435 |
|  **Beverages—0.2%** |  |  |  |
|  Becle SAB de CV (Mexico)<br>2.50%<sup>(1)</sup> | 10/14/31 | 395000 | 341655 |
|  Primo Water Holdings, Inc./Triton Water Holdings, Inc.<br>6.25%<sup>(1)</sup> | 04/01/29 | 125000 | 125260 |
|  |  |  | 466915 |
|  **Biotechnology—0.0%** |  |  |  |
|  Amgen, Inc.<br>5.65% | 03/02/53 | 60000 | 59941 |
|  **Chemicals—0.3%** |  |  |  |
|  International Flavors & Fragrances, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%<sup>(1)</sup> | 11/01/30 | 725000 | 649078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.27%<sup>(1)</sup> | 11/15/40 | 15000 | 11455 |
|  |  |  | 660533 |
|  **Commercial Services—1.1%** |  |  |  |
|  Adtalem Global Education, Inc.<br>5.50%<sup>(1)</sup> | 03/01/28 | 294000 | 293747 |
|  Albion Financing 1 SARL/Aggreko Holdings, Inc. (Luxemburg)<br>7.00%<sup>(1)</sup> | 05/21/30 | 240000 | 248563 |
|  Allied Universal Holdco LLC<br>7.88%<sup>(1)</sup> | 02/15/31 | 125000 | 131224 |
|  Grand Canyon University<br>5.13% | 10/01/28 | 250000 | 245998 |
|  OT Midco, Inc.<br>10.00%<sup>(1)</sup> | 02/15/30 | 300000 | 203832 |
|  RAC Bond Co. PLC (United Kingdom)<br>8.25%<sup>(7)</sup> | 05/06/46 | 100000 | 145687 |
|  Raven Acquisition Holdings LLC<br>6.88%<sup>(1)</sup> | 11/15/31 | 175000 | 179996 |
|  Rollins, Inc.<br>5.25% | 02/24/35 | 370000 | 376545 |
|  Upbound Group, Inc.<br>6.38%<sup>(1)</sup> | 02/15/29 | 270000 | 267027 |
|  Volkswagen Financial Services AG (Germany)<br>3.88%<sup>(7)</sup> | 11/19/31 | 300000 | 357308 |
|  VT Topco, Inc.<br>8.50%<sup>(1)</sup> | 08/15/30 | 170000 | 173776 |
|  |  |  | 2623703 |
|  **Computers—0.3%** |  |  |  |
|  Dell International LLC/EMC Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75% | 04/01/28 | 370000 | 375395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | 04/01/30 | 245000 | 251054 |
|  NCR Voyix Corp.<br>5.13%<sup>(1)</sup> | 04/15/29 | 128000 | 126351 |
|  |  |  | 752800 |
|  **Cosmetics/Personal Care—0.3%** |  |  |  |
|  Edgewell Personal Care Co.<br>5.50%<sup>(1)</sup> | 06/01/28 | 133000 | 132739 |
|  Opal Bidco SAS (France)<br>6.50%<sup>(1)</sup> | 03/31/32 | 60000 | 61500 |
|  Prestige Brands, Inc.<br>3.75%<sup>(1)</sup> | 04/01/31 | 595000 | 548543 |
|  |  |  | 742782 |
|  **Diversified Financial Services—0.7%** |  |  |  |
|  AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)<br>3.88% | 01/23/28 | 130000 | 129025 |
|  Air Lease Corp.<br>3.63% | 12/01/27 | 120000 | 118327 |
|  American Express Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55% (5 yr. CMT + 2.854%)<sup>(6),(13)</sup> | 09/15/26 | 145000 | 142284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.92% (1 day USD SOFR + 1.220%)<sup>(6)</sup> | 07/20/33 | 150000 | 152635 |
|  Avolon Holdings Funding Ltd. (Ireland)<br>2.53%<sup>(1)</sup> | 11/18/27 | 179000 | 172225 |

---

------

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited) (Cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity**<br>**Date** | **Principal**<br>**Amount** | **Value** |
|  EZCORP, Inc.<br>7.38%<sup>(1)</sup> | 04/01/32 | $&nbsp;&nbsp;&nbsp;&nbsp;225000 | $240462 |
|  GGAM Finance Ltd. (Ireland) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%<sup>(1)</sup> | 02/15/27 | 115000 | 117782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%<sup>(1)</sup> | 06/15/28 | 117000 | 124123 |
|  Jane Street Group/JSG Finance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%<sup>(1)</sup> | 05/01/33 | 315000 | 327528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%<sup>(1)</sup> | 04/30/31 | 96000 | 100826 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;1625217 |
|  **Electric**—**1.0%** |  |  |  |
|  Alliant Energy Corp.<br>5.75% (5 yr. CMT + 2.077%)<sup>(6)</sup> | 04/01/56 | 505000 | 505985 |
|  Alliant Energy Finance LLC<br>3.60%<sup>(1)</sup> | 03/01/32 | 535000 | 495116 |
|  American Electric Power Co., Inc.<br>5.80% (5 yr. CMT + 2.128%)<sup>(6)</sup> | 03/15/56 | 755000 | 752788 |
|  Dominion Energy, Inc.<br>6.00% (5 yr. CMT + 2.262%)<sup>(6)</sup> | 02/15/56 | 350000 | 352905 |
|  Electricite de France SA<br>4.75%<sup>(7)</sup> | 06/17/44 | 100000 | 118134 |
|  Elia Group SA (Belgium)<br>3.88%<sup>(7)</sup> | 06/11/31 | 100000 | 120347 |
|  Eurogrid GmbH (Germany)<br>1.11%<sup>(7)</sup> | 05/15/32 | 100000 | 102092 |
|  |  |  | 2447367 |
|  **Electrical Components & Equipment**—**0.1%** |  |  |  |
|  Energizer Holdings, Inc.<br>6.00%<sup>(1)</sup> | 09/15/33 | 250000 | 244625 |
|  **Engineering & Construction**—**0.1%** |  |  |  |
|  Heathrow Funding Ltd. (United Kingdom) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%<sup>(7)</sup> | 10/08/32 | 130000 | 138452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%<sup>(7)</sup> | 01/16/38 | 120000 | 140002 |
|  |  |  | 278454 |
|  **Entertainment**—**0.5%** |  |  |  |
|  Banijay Entertainment SAS (France)<br>8.13%<sup>(1)</sup> | 05/01/29 | 200000 | 208208 |
|  Caesars Entertainment, Inc.<br>6.50%<sup>(1)</sup> | 02/15/32 | 125000 | 127562 |
|  FDJ UNITED (France)<br>3.38%<sup>(7)</sup> | 11/21/33 | 100000 | 115652 |
|  Great Canadian Gaming Corp./Raptor LLC (Canada)<br>8.75%<sup>(1)</sup> | 11/15/29 | 95000 | 93998 |
|  Penn Entertainment, Inc.<br>5.63%<sup>(1)</sup> | 01/15/27 | 165000 | 165031 |
|  Rivers Enterprise Lender LLC/Rivers Enterprise Lender Corp.<br>6.25%<sup>(1),(10)</sup> | 10/15/30 | 250000 | 252395 |
|  Voyager Parent LLC<br>9.25%<sup>(1)</sup> | 07/01/32 | 245000 | 259261 |
|  WarnerMedia Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05% | 03/15/42 | 8000 | 6391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.14% | 03/15/52 | 69000 | 51470 |
|  |  |  | 1279968 |
|  **Environmental Control**—**0.0%** |  |  |  |
|  Waste Pro USA, Inc.<br>7.00%<sup>(1)</sup> | 02/01/33 | 74000 | 76938 |
|  **Food**—**0.8%** |  |  |  |
|  JBS USA Holding Lux SARL/JBS USA Food Co./JBS Lux Co. SARL<br>3.75% | 12/01/31 | 540000 | 510554 |
|  Kraft Heinz Foods Co.<br>6.38% | 07/15/28 | 210000 | 220849 |
|  Mondelez International Holdings Netherlands BV<br>0.88%<sup>(7)</sup> | 10/01/31 | 100000 | 102913 |
|  Pilgrim's Pride Corp.<br>6.25% | 07/01/33 | 700000 | 746879 |
|  Post Holdings, Inc.<br>4.63%<sup>(1)</sup> | 04/15/30 | 505000 | 487719 |
|  |  |  | 2068914 |
|  **Gas**—**0.6%** |  |  |  |
|  AmeriGas Partners LP/AmeriGas Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%<sup>(1)</sup> | 06/01/28 | 271000 | 278851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%<sup>(1)</sup> | 06/01/30 | 195000 | 204296 |
|  CenterPoint Energy, Inc.<br>5.95% (5 yr. CMT + 2.223%)<sup>(6)</sup> | 04/01/56 | 205000 | 205000 |
|  National Gas Transmission PLC (United Kingdom)<br>4.25%<sup>(7)</sup> | 04/05/30 | 215000 | 264834 |
|  Southern Co. Gas Capital Corp.<br>3.88% | 11/15/25 | 640000 | 639769 |
|  |  |  | 1592750 |
|  **Health Care-Products**—**0.1%** |  |  |  |
|  Bausch & Lomb Corp.<br>8.38%<sup>(1)</sup> | 10/01/28 | 70000 | 73084 |
|  Thermo Fisher Scientific, Inc.<br>1.88% | 10/01/49 | 140000 | 105639 |
|  |  |  | 178723 |
|  **Health Care-Services**—**1.2%** |  |  |  |
|  Centene Corp.<br>3.00% | 10/15/30 | 248000 | 221702 |
|  Elevance Health, Inc.<br>5.00% | 01/15/36 | 425000 | 422157 |
|  HAH Group Holding Co. LLC<br>9.75%<sup>(1)</sup> | 10/01/31 | 125000 | 118882 |
|  HCA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63% | 09/01/28 | 100000 | 103201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.05% | 12/01/27 | 235000 | 248731 |
|  HealthEquity, Inc.<br>4.50%<sup>(1)</sup> | 10/01/29 | 265000 | 257363 |
|  Humana, Inc.<br>5.55% | 05/01/35 | 200000 | 203870 |
|  Kedrion SpA (Italy)<br>6.50%<sup>(1)</sup> | 09/01/29 | 415000 | 410618 |
|  ModivCare, Inc.<br>5.00%<sup>(1),(9),(14)</sup> | 10/01/29 | 537600 | 13440 |
|  Sotera Health Holdings LLC<br>7.38%<sup>(1)</sup> | 06/01/31 | 120000 | 126047 |
|  Star Parent, Inc.<br>9.00%<sup>(1)</sup> | 10/01/30 | 375000 | 397470 |
|  Tenet Healthcare Corp.<br>5.13% | 11/01/27 | 490000 | 489740 |
|  |  |  | 3013221 |
|  **Household Products/Wares**—**0.2%** |  |  |  |
|  Central Garden & Pet Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%<sup>(1)</sup> | 04/30/31 | 100000 | 93496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13% | 10/15/30 | 24000 | 22846 |

---

------

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited) (Cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity**<br>**Date** | **Principal**<br>**Amount** | **Value** |
|  Spectrum Brands, Inc.<br>3.88%<sup>(1)</sup> | 03/15/31 | $&nbsp;&nbsp;&nbsp;&nbsp;435000 | $348879 |
|  |  |  | 465221 |
|  **Insurance**—**0.5%** |  |  |  |
|  Acrisure LLC/Acrisure Finance, Inc.<br>7.50%<sup>(1)</sup> | 11/06/30 | 275000 | 286764 |
|  Athene Global Funding |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.61%<sup>(1)</sup> | 06/29/26 | 240000 | 235570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.21%<sup>(1)</sup> | 03/08/27 | 135000 | 132627 |
|  Farmers Exchange Capital<br>7.05%<sup>(1)</sup> | 07/15/28 | 500000 | 527640 |
|  Farmers Insurance Exchange<br>4.75% (3 mo. USD LIBOR + 3.231%)<sup>(1),(6)</sup> | 11/01/57 | 5000 | 4229 |
|  HUB International Ltd.<br>7.38%<sup>(1)</sup> | 01/31/32 | 104000 | 108600 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;1295430 |
|  **Internet**—**0.3%** |  |  |  |
|  Cogent Communications Group LLC/Cogent Finance, Inc.<br>6.50%<sup>(1)</sup> | 07/01/32 | 135000 | 131375 |
|  Getty Images, Inc.<br>11.25%<sup>(1)</sup> | 02/21/30 | 125000 | 119455 |
|  Snap, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%<sup>(1)</sup> | 03/01/33 | 200000 | 204752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%<sup>(1)</sup> | 03/15/34 | 290000 | 294081 |
|  |  |  | 749663 |
|  **Investment Companies**—**0.2%** |  |  |  |
|  Icahn Enterprises LP/Icahn Enterprises Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00% | 06/15/30 | 244000 | 235706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75% | 01/15/29 | 85000 | 85610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%<sup>(1)</sup> | 11/15/29 | 49000 | 49310 |
|  |  |  | 370626 |
|  **Leisure Time**—**0.1%** |  |  |  |
|  MajorDrive Holdings IV LLC<br>6.38%<sup>(1)</sup> | 06/01/29 | 135000 | 110858 |
|  Sabre GLBL, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.75%<sup>(1)</sup> | 11/15/29 | 45000 | 43626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.13%<sup>(1)</sup> | 07/15/30 | 80000 | 77771 |
|  **Total Leisure Time** (Cost: $224,366) |  |  | 232255 |
|  **Lodging**—**0.4%** |  |  |  |
|  Hyatt Hotels Corp.<br>5.05% | 03/30/28 | 310000 | 315109 |
|  Las Vegas Sands Corp.<br>5.63% | 06/15/28 | 490000 | 501172 |
|  MGM Resorts International<br>6.50% | 04/15/32 | 75000 | 76482 |
|  **Total Lodging** (Cost: $871,237) |  |  | 892763 |
|  **Machinery-Diversified**—**0.0%** |  |  |  |
|  Oregon Tool Lux LP<br>7.88%<sup>(1)</sup> | 10/15/29 | 228735 | 80682 |
|  **Media**—**1.5%** |  |  |  |
|  AMC Networks, Inc.<br>10.25%<sup>(1)</sup> | 01/15/29 | 120000 | 126564 |
|  Cable One, Inc.<br>4.00%<sup>(1)</sup> | 11/15/30 | 305000 | 258805 |
|  CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%<sup>(1)</sup> | 02/01/31 | 5000 | 4612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%<sup>(1)</sup> | 05/01/27 | 242000 | 240778 |
|  Charter Communications Operating LLC/Charter Communications Operating Capital |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30% | 02/01/32 | 165000 | 141210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70% | 04/01/51 | 198000 | 130795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75% | 04/01/48 | 220000 | 199509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65% | 02/01/34 | 170000 | 181932 |
|  CSC Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%<sup>(1)</sup> | 01/15/30 | 117000 | 44702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%<sup>(1)</sup> | 02/01/29 | 409000 | 302546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.75%<sup>(1)</sup> | 01/31/29 | 196000 | 165559 |
|  DISH Network Corp.<br>11.75%<sup>(1)</sup> | 11/15/27 | 150000 | 158871 |
|  Scripps Escrow II, Inc.<br>3.88%<sup>(1)</sup> | 01/15/29 | 140000 | 123936 |
|  Sinclair Television Group, Inc.<br>8.13%<sup>(1)</sup> | 02/15/33 | 195000 | 200891 |
|  Sirius XM Radio LLC<br>5.00%<sup>(1)</sup> | 08/01/27 | 600000 | 598140 |
|  Virgin Media Secured Finance PLC (United Kingdom)<br>5.50%<sup>(1)</sup> | 05/15/29 | 140000 | 138397 |
|  VZ Secured Financing BV (Netherlands)<br>5.00%<sup>(1)</sup> | 01/15/32 | 615000 | 556907 |
|  |  |  | 3574154 |
|  **Miscellaneous Manufacturers**—**0.1%** |  |  |  |
|  Dyno Nobel Ltd. (Australia)<br>5.40% | 11/08/32 | 180000 | 119847 |
|  **Office/Business Equipment**—**0.1%** |  |  |  |
|  Xerox Corp.<br>10.25%<sup>(1)</sup> | 10/15/30 | 255000 | 259361 |
|  **Oil & Gas**—**0.3%** |  |  |  |
|  KazMunayGas National Co. JSC (Kazakhstan)<br>3.50%<sup>(7)</sup> | 04/14/33 | 200000 | 180368 |
|  Sunoco LP<br>7.88% (5 yr. CMT + 4.230%)<sup>(1),(6),(13)</sup> | 09/18/30 | 375000 | 382046 |
|  Transocean International Ltd.<br>8.75%<sup>(1)</sup> | 02/15/30 | 75000 | 78947 |
|  Transocean Titan Financing Ltd.<br>8.38%<sup>(1)</sup> | 02/01/28 | 136810 | 140650 |
|  |  |  | 782011 |
|  **Oil & Gas Services**—**0.2%** |  |  |  |
|  Archrock Partners LP/Archrock Partners Finance Corp.<br>6.63%<sup>(1)</sup> | 09/01/32 | 250000 | 256725 |
|  Kodiak Gas Services LLC<br>6.50%<sup>(1)</sup> | 10/01/33 | 250000 | 254632 |
|  |  |  | 511357 |
|  **Packaging & Containers**—**0.7%** |  |  |  |
|  Amcor Flexibles North America, Inc.<br>4.80% | 03/17/28 | 365000 | 369322 |
|  Amcor Group Finance PLC<br>5.45% | 05/23/29 | 225000 | 232591 |
|  Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%<sup>(1)</sup> | 08/15/26 | 85000 | 82248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%<sup>(1)</sup> | 08/15/27 | 55000 | 20941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%<sup>(1)</sup> | 08/15/27 | 280000 | 112073 |
|  Berry Global, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.57% | 01/15/26 | 323000 | 320316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65% | 01/15/27 | 149000 | 144357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%<sup>(1)</sup> | 07/15/26 | 40000 | 40004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50% | 04/15/28 | 95000 | 97731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65% | 01/15/34 | 30000 | 31265 |

---

------

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited) (Cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity**<br>**Date** | **Principal**<br>**Amount** | **Value** |
|  Clearwater Paper Corp.<br>4.75%<sup>(1)</sup> | 08/15/28 | $&nbsp;&nbsp;&nbsp;&nbsp;125000 | $117706 |
|  Clydesdale Acquisition Holdings, Inc.<br>6.63%<sup>(1)</sup> | 04/15/29 | 120000 | 121612 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;1690166 |
|  **Pharmaceuticals**—**1.2%** |  |  |  |
|  1261229 BC Ltd.<br>10.00%<sup>(1)</sup> | 04/15/32 | 230000 | 236359 |
|  Bayer U.S. Finance II LLC (Germany)<br>4.63%<sup>(1)</sup> | 06/25/38 | 515000 | 466714 |
|  CVS Health Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.78% | 03/25/38 | 50000 | 46908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75% (5 yr. CMT + 2.516%)<sup>(6)</sup> | 12/10/54 | 375000 | 387637 |
|  Galderma Finance Europe BV (Netherlands)<br>3.50%<sup>(7)</sup> | 03/20/30 | 210000 | 250254 |
|  Grifols SA (Spain) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%<sup>(1)</sup> | 10/15/28 | 259000 | 251650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%<sup>(7)</sup> | 05/01/30 | 203000 | 251811 |
|  Jazz Securities DAC<br>4.38%<sup>(1)</sup> | 01/15/29 | 460000 | 448776 |
|  Option Care Health, Inc.<br>4.38%<sup>(1)</sup> | 10/31/29 | 275000 | 266120 |
|  Teva Pharmaceutical Finance Netherlands III BV (Israel)<br>6.00% | 12/01/32 | 309000 | 322095 |
|  Teva Pharmaceutical Finance Netherlands IV BV (Israel)<br>5.75% | 12/01/30 | 58000 | 59875 |
|  |  |  | 2988199 |
|  **Pipelines**—**1.1%** |  |  |  |
|  Energy Transfer LP<br>6.63% (3 mo. USD LIBOR + 4.155%)<sup>(6),(13)</sup> | 02/15/28 | 634000 | 636568 |
|  Global Partners LP/GLP Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88% | 01/15/29 | 275000 | 278182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%<sup>(1)</sup> | 07/01/33 | 167000 | 171451 |
|  NGL Energy Operating LLC/NGL Energy Finance Corp.<br>8.38%<sup>(1)</sup> | 02/15/32 | 210000 | 215680 |
|  TransMontaigne Partners LLC<br>8.50%<sup>(1)</sup> | 06/15/30 | 120000 | 125240 |
|  Venture Global Calcasieu Pass LLC<br>3.88%<sup>(1)</sup> | 08/15/29 | 93000 | 89159 |
|  Venture Global LNG, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%<sup>(1)</sup> | 01/15/30 | 111000 | 114940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%<sup>(1)</sup> | 06/01/28 | 45000 | 46635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00% (5 yr. CMT + 5.440%)<sup>(1),(6),(13)</sup> | 09/30/29 | 363000 | 359791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%<sup>(1)</sup> | 02/01/32 | 189000 | 205950 |
|  Venture Global Plaquemines LNG LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%<sup>(1)</sup> | 01/15/34 | 38000 | 40069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%<sup>(1)</sup> | 01/15/36 | 328000 | 349238 |
|  |  |  | 2632903 |
|  **Real Estate**—**0.1%** |  |  |  |
|  Blackstone Property Partners Europe Holdings SARL (Luxembourg)<br>1.00%<sup>(7)</sup> | 05/04/28 | 150000 | 167778 |
|  Vonovia SE (Germany)<br>1.50%<sup>(7)</sup> | 06/14/41 | 200000 | 158101 |
|  Zhenro Properties Group Ltd. (China)<br>6.63%<sup>(7),(9)</sup> | 01/07/26 | 200000 | 1450 |
|  |  |  | 327329 |
|  **REIT**—**1.6%** |  |  |  |
|  American Assets Trust LP<br>3.38% | 02/01/31 | 275000 | 249873 |
|  American Homes 4 Rent LP<br>4.30% | 04/15/52 | 40000 | 32120 |
|  American Tower Corp. (REIT)<br>2.90% | 01/15/30 | 495000 | 466676 |
|  Americold Realty Operating Partnership LP<br>5.60% | 05/15/32 | 370000 | 374947 |
|  Digital Dutch Finco BV (REIT)<br>3.88%<sup>(7)</sup> | 03/15/35 | 135000 | 157615 |
|  Equinix Europe 2 Financing Corp. LLC (REIT)<br>3.63% | 11/22/34 | 155000 | 178807 |
|  Extra Space Storage LP<br>2.40% | 10/15/31 | 56000 | 49382 |
|  GLP Capital LP/GLP Financing II, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30% | 01/15/29 | 55000 | 56087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75% | 06/01/28 | 345000 | 354812 |
|  Healthcare Realty Holdings LP<br>3.10% | 02/15/30 | 130000 | 122525 |
|  Host Hotels & Resorts LP (REIT)<br>5.70% | 06/15/32 | 365000 | 376530 |
|  Hudson Pacific Properties LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95% | 11/01/27 | 313000 | 301594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95% | 02/15/28 | 5000 | 4937 |
|  Invitation Homes Operating Partnership LP<br>2.00% | 08/15/31 | 95000 | 82218 |
|  Iron Mountain Information Management Services, Inc.<br>5.00%<sup>(1)</sup> | 07/15/32 | 420000 | 404968 |
|  Lineage OP LP<br>5.25%<sup>(1)</sup> | 07/15/30 | 230000 | 233248 |
|  LXP Industrial Trust<br>2.70% | 09/15/30 | 275000 | 251262 |
|  RHP Hotel Properties LP/RHP Finance Corp. (REIT)<br>6.50%<sup>(1)</sup> | 04/01/32 | 125000 | 128710 |
|  VICI Properties LP/VICI Note Co., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%<sup>(1)</sup> | 02/15/29 | 50000 | 48854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%<sup>(1)</sup> | 08/15/30 | 7000 | 6771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%<sup>(1)</sup> | 01/15/28 | 33000 | 32949 |
|  |  |  | 3914885 |
|  **Retail**—**0.6%** |  |  |  |
|  BCPE Flavor Debt Merger Sub LLC & BCPE Flavor Issuer, Inc.<br>9.50%<sup>(1)</sup> | 07/01/32 | 190000 | 199004 |
|  Ferrellgas LP/Ferrellgas Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%<sup>(1)</sup> | 04/01/26 | 140000 | 138706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%<sup>(1)</sup> | 04/01/29 | 345000 | 321261 |
|  Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.<br>6.75%<sup>(1)</sup> | 01/15/30 | 40000 | 37596 |
|  FirstCash, Inc.<br>5.63%<sup>(1)</sup> | 01/01/30 | 280000 | 280174 |
|  Michaels Cos., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%<sup>(1)</sup> | 05/01/28 | 281000 | 259090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%<sup>(1)</sup> | 05/01/29 | 60000 | 50317 |
|  Papa John's International, Inc.<br>3.88%<sup>(1)</sup> | 09/15/29 | 135000 | 129720 |
|  Staples, Inc.<br>10.75%<sup>(1)</sup> | 09/01/29 | 55000 | 54574 |
|  Suburban Propane Partners LP/Suburban Energy Finance Corp.<br>5.00%<sup>(1)</sup> | 06/01/31 | 80000 | 76174 |
|  |  |  | 1546616 |

---

------

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited) (Cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity**<br>**Date** | **Principal**<br>**Amount** | **Value** |
|  **Semiconductors**—**0.1%** |  |  |  |
|  Foundry JV Holdco LLC<br>5.50%<sup>(1)</sup> | 01/25/31 | $70000 | $72748 |
|  Intel Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00% | 08/12/31 | &nbsp;&nbsp;&nbsp;&nbsp;205000 | 179312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70% | 02/10/53 | 55000 | 53263 |
|  |  |  | 305323 |
|  **Software**—**1.1%** |  |  |  |
|  Cloud Software Group, Inc.<br>9.00%<sup>(1)</sup> | 09/30/29 | 95000 | 98506 |
|  Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL<br>8.75%<sup>(1)</sup> | 05/01/29 | 200000 | 207372 |
|  Open Text Corp. (Canada)<br>6.90%<sup>(1)</sup> | 12/01/27 | 580000 | 603919 |
|  Open Text Holdings, Inc. (Canada)<br>4.13%<sup>(1)</sup> | 12/01/31 | 270000 | 250052 |
|  Oracle Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80% | 08/03/28 | 365000 | 371227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80% | 09/26/32 | 250000 | 250448 |
|  Paychex, Inc.<br>5.35% | 04/15/32 | 700000 | 726551 |
|  RingCentral, Inc.<br>8.50%<sup>(1)</sup> | 08/15/30 | 115000 | 122588 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;2630663 |
|  **Telecommunications**—**0.8%** |  |  |  |
|  Altice Financing SA (Luxembourg) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%<sup>(1)</sup> | 08/15/29 | 125000 | 94038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.63%<sup>(1)</sup> | 07/15/27 | 230000 | 207674 |
|  EchoStar Corp.<br>10.75% | 11/30/29 | 80000 | 88095 |
|  Frontier Communications Holdings LLC<br>8.63%<sup>(1)</sup> | 03/15/31 | 465000 | 491533 |
|  Global Switch Finance BV (United Kingdom)<br>1.38%<sup>(7)</sup> | 10/07/30 | 315000 | 350405 |
|  Vmed O2 U.K. Financing I PLC (United Kingdom)<br>4.75%<sup>(1)</sup> | 07/15/31 | 271000 | 255000 |
|  Windstream Services LLC/Windstream Escrow Finance Corp.<br>8.25%<sup>(1)</sup> | 10/01/31 | 235000 | 243721 |
|  Zayo Group Holdings, Inc.<br>9.25%<sup>(1),(10),(15)</sup> | 03/09/30 | 202781 | 194175 |
|  |  |  | 1924641 |
|  **Transportation**—**0.1%** |  |  |  |
|  Aurizon Network Pty. Ltd. (Australia)<br>2.90%<sup>(7)</sup> | 09/02/30 | 290000 | 173493 |
|  Pacific National Finance Pty. Ltd. (Australia)<br>3.70% | 09/24/29 | 280000 | 172613 |
|  **Total Transportation** (Cost: $343,671) |  |  | 346106 |
|  **Water**—**0.2%** |  |  |  |
|  Suez SACA (France)<br>2.88%<sup>(7)</sup> | 05/24/34 | 200000 | 220082 |
|  United Utilities Water Finance PLC (United Kingdom)<br>3.75%<sup>(7)</sup> | 05/23/34 | 115000 | 135591 |
|  Yorkshire Water Finance PLC (United Kingdom)<br>6.38%<sup>(7)</sup> | 11/18/34 | 180000 | 247346 |
|  **Total Water** (Cost: $592,558) |  |  | 603019 |
|  **Total Corporate Bonds** (Cost: $59,130,232) |  |  | 59583284 |
|  **MUNICIPAL BONDS—0.9%** |  |  |  |
|  Medina Valley Independent School District, General Obligation Unlimited<br>4.75% | 02/15/50 | 90000 | 91411 |
|  New York City Transitional Finance Authority, Revenue Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | 05/01/50 | 110000 | 114649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | 11/01/53 | 380000 | 396085 |
|  New York State Dormitory Authority, Revenue Bonds<br>5.00% | 03/15/54 | 170000 | 175708 |
|  New York State Dormitory Authority, Revenue bonds<br>5.29% | 03/15/33 | 903339 | 922809 |
|  New York State Thruway Authority, Revenue Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | 03/15/56 | 100000 | 103252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | 03/15/59 | 190000 | 196167 |
|  Northwest Independent School District, General Obligation Unlimited<br>5.00% | 02/15/55 | 130000 | 135258 |
|  **Total Municipal Bonds** (Cost: $2,169,365) |  |  | 2135339 |
|  **FOREIGN GOVERNMENT BONDS—1.1%** |  |  |  |
|  Brazil Government International Bonds<br>6.13% | 03/15/34 | 200000 | 204560 |
|  Colombia Government International Bonds<br>8.00% | 11/14/35 | 200000 | 215210 |
|  Guatemala Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%<sup>(7)</sup> | 10/07/33 | 200000 | 178380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%<sup>(7)</sup> | 08/15/36 | 200000 | 207238 |
|  Israel Government International Bonds<br>5.38% | 02/19/30 | 200000 | 206296 |
|  Mexico Government International Bonds<br>5.63% | 09/22/35 | 284000 | 282722 |
|  New South Wales Treasury Corp.<br>5.25%<sup>(7)</sup> | 02/24/38 | 965000 | 642163 |
|  Panama Government International Bonds<br>6.40% | 02/14/35 | 200000 | 207550 |
|  Queensland Treasury Corp.<br>5.25%<sup>(7)</sup> | 08/13/38 | 335000 | 220449 |
|  Romania Government International Bonds<br>5.75%<sup>(7)</sup> | 03/24/35 | 200000 | 192896 |
|  Treasury Corp. of Victoria<br>2.00% | 11/20/37 | 330000 | 154617 |
|  **Total Foreign Government Bonds** (Cost: $2,643,810) |  |  | 2712081 |
|  **U.S. TREASURY SECURITIES**—**2.9%** |  |  |  |
|  U.S. Treasury Bonds<br>4.75% | 08/15/55 | 31000 | 31114 |
|  U.S. Treasury Notes |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50% | 09/30/27 | 270000 | 269441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63% | 09/30/30 | 6914000 | 6879160 |
|  **Total U.S. Treasury Securities** (Cost: $7,192,516) |  |  | 7179715 |
|  **BANK LOANS**—**0.1%** |  |  |  |
|  **Health Care-services—0.0%** |  |  |  |
|  Modivcare, Inc. 2025 DIP Term Loan<br>11.14% (1 mo. USD Term SOFR + 7.000%)<sup>(6)</sup> | 02/22/26 | 41936 | 41517 |
|  Modivcare, Inc. 2025 Incremental Term Loan<br>13.78% (3 mo. USD Term SOFR + 9.500%)<sup>(6)</sup> | 01/12/26 | 173389 | 78025 |
|  **Total Health Care-services** (Cost: $210,314) |  |  | 119542 |

---

------

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited) (Cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity**<br>**Date** | **Principal**<br>**Amount** | **Value** |
|  **Machinery-diversified—0.1%** | **Machinery-diversified—0.1%** | **Machinery-diversified—0.1%** | **Machinery-diversified—0.1%** |
|  Oregon Tool, Inc. 2025 2nd Lien Term Loan<br>8.45% (3 mo. USD Term SOFR + 4.000%)<sup>(6)</sup> | 10/15/29 | $&nbsp;&nbsp;&nbsp;&nbsp;238833 | $186349 |
|  **Total Bank Loans**<br> (Cost: $527,077) |  |  | 305891 |
|  **Total Fixed Income Securities** (Cost: $280,445,470) |  |  | 261513658 |
|  **CONVERTIBLE SECURITIES—0.1%** |  |  |  |
|  **CONVERTIBLE CORPORATE BONDS—0.1%** |  |  |  |
|  **Beverages**—**0.0%** |  |  |  |
|  Davide Campari-Milano NV (Italy)<br>2.38%<sup>(7)</sup> | 01/17/29 | 100000 | 113420 |
|  **Commercial Services**—**0.1%** |  |  |  |
|  Worldline SA (France)<br>0.00%<sup>(4),(7)</sup> | 07/30/26 | 234264 | 262378 |
|  **Total Convertible Corporate Bonds** (Cost: $343,532) |  |  | 375798 |
|  **Total Convertible Securities** (Cost: $343,532) |  |  | 375798 |
| **Security** |  | **Shares** |  |
|  **COMMON STOCK—2.7%** |  |  |  |
|  **Agriculture**—**0.3%** |  |  |  |
|  British American Tobacco PLC (SP ADR)<br>(United Kingdom) |  | 15706 | 833675 |
|  **Pipelines**—**0.8%** |  |  |  |
|  Energy Transfer LP |  | 70993 | 1218240 |
|  Enterprise Products Partners LP |  | 21772 | 680810 |
|  |  |  | 1899050 |
|  **REIT**—**1.3%** |  |  |  |
|  AGNC Investment Corp. |  | 144641 | 1416035 |
|  Annaly Capital Management, Inc. |  | 41441 | 837523 |
|  Redwood Trust, Inc. |  | 61963 | 358766 |
|  Rithm Capital Corp. |  | 55339 | 630311 |
|  |  |  | 3242635 |
|  **Telecommunications**—**0.3%** |  |  |  |
|  Intelsat SA<sup>(8),(16)</sup> |  | 9093 | 5092 |
|  Verizon Communications, Inc. |  | 15224 | 669095 |
|  |  |  | 674187 |
|  **Total Common Stock** (Cost: $7,228,408) |  |  | 6649547 |
|  **INVESTMENT COMPANIES**—**2.6%** |  |  |  |
|  TCW Private Asset Income Fund—I Class<sup>(17)</sup> |  | 644332 | 6462652 |
|  **Total Investment Companies** (Cost: $6,442,105) |  |  | 6462652 |
|  **MONEY MARKET INVESTMENTS**—**2.0%** |  |  |  |
|  State Street Institutional U.S. Government Money Market Fund—Premier Class,<br>4.09%<sup>(18)</sup> |  | 1182544 | 1182544 |
|  TCW Central Cash Fund,<br>4.14%<sup>(17),(18)</sup> |  | 3766318 | 3766318 |
|  **Total Money Market Investments** (Cost: $4,948,862) |  |  | 4948862 |
|  **Total Investments (113.1%)** (Cost: $299,408,377) |  |  | 279950517 |
|  **Liabilities In Excess Of Other Assets (-13.1%)** |  |  | (32387139) |
|  **Net Assets (100.0%)** |  |  | $247563378 |

---

------

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited) (Cont'd)

**FUTURES CONTRACTS** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of**<br> **Contracts** | **Type** | **Expiration<br>Date** | **Notional<br>Contract<br>Value** | **Value** | **Net Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Long Futures** | **Long Futures** | **Long Futures** | **Long Futures** | **Long Futures** | **Long Futures** |
| 229 | 5-Year U.S. Treasury Note Futures | 12/31/25 | $25007756 | $25005727 | $(2029) |
|  |  |  | $**25007756** | $**25005727** | $**(2029)** |
|  **Short Futures** | **Short Futures** | **Short Futures** | **Short Futures** | **Short Futures** | **Short Futures** |
| 7 | 3-Year Australian Bond Futures | 12/15/25 | $(497460) | $(495661) | $1799 |
| 17 | 10-Year Australian Bond Futures | 12/15/25 | (1267817) | (1277104) | (9287) |
| 244 | 10-Year U.S. Treasury Note Futures | 12/19/25 | (27736749) | (28079063) | (342314) |
| 130 | 2-Year U.S. Treasury Note Futures | 12/31/25 | (27085608) | (27091797) | (6189) |
| 2 | 30-Year Euro-Buxl Futures | 12/8/25 | (265077) | (269028) | (3951) |
| 5 | Euro-Bobl Futures | 12/8/25 | (691363) | (692134) | (771) |
| 14 | Euro-Bund Futures | 12/8/25 | (2106643) | (2114976) | (8333) |
| 1 | Long Gilt Futures | 12/29/25 | (121941) | (122293) | (352) |
| 71 | U.S. Ultra Long Bond Futures | 12/19/25 | (8297985) | (8524437) | (226452) |
|  |  |  | $**(68070643)** | $**(68666493)** | $**(595850)** |

---

**FORWARD CURRENCY EXCHANGE CONTRACTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to<br>Deliver** | **Units of<br>Currency** | **Settlement<br>Date** | **In Exchange for<br>USD** | **Contracts at Value** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **BUY*<sup>(19)</sup>*** |  |  |  |  |  |  |
|  Goldman Sachs & Co. | EUR | 957148 | 10/10/25 | $1124593 | $1125199 | $606 |
|  Citibank N.A. | EUR | 244468 | 10/10/25 | 288020 | 287390 | (630) |
|  |  |  |  | $**1412613** | $**1412589** | $**(24)** |
|  **SELL*<sup>(20)</sup>*** |  |  |  |  |  |  |
|  Goldman Sachs & Co. | AUD | 2252752 | 10/10/25 | $1479335 | $1493190 | $(13855) |
|  Goldman Sachs & Co. | EUR | 195380 | 10/10/25 | 229229 | 229684 | (455) |
|  Citibank N.A. | EUR | 7704593 | 10/10/25 | 9073083 | 9057326 | 15757 |
|  Citibank N.A. | GBP | 2475307 | 10/10/25 | 3359173 | 3332541 | 26632 |
|  Goldman Sachs & Co. | GBP | 634690 | 10/10/25 | 855523 | 854492 | 1031 |
|  |  |  |  | $**14996343** | $**14967233** | $**29110** |

---

------

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited) (Cont'd)

---

| | |
|:---|:---|
| **Notes to the Schedule of Investments:** | **Notes to the Schedule of Investments:** |
| ACES | Alternative Credit Enhancement Securities. |
| AUD | Australian Dollar. |
| CLO | Collateralized Loan Obligation. |
| EUR | Euro Currency. |
| GBP | British Pound Sterling. |
| I/F | Inverse Floating rate security whose interest rate moves in the opposite direction of prevailing interest rates. |
| I/O | Interest Only Security. |
| LIBOR | London Interbank Offered Rate. |
| PAC | Planned Amortization Class. |
| REMIC | Real Estate Mortgage Investment Conduits. |
| SOFR | Secured Overnight Financing Rate. |
| STRIPS | Separate Trading of Registered Interest and Principal Securities. |
| TAC | Target Amortization Class. |
| TBA | To Be Announced. |
| (1) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers. At September 30, 2025, the value of these securities amounted to $115,352,005 or 46.6% of net assets. These securities are determined to be liquid by the Fund's investment advisor, unless otherwise noted, under procedures established by and under the general supervision of the Fund's Board of Directors. |
| (2) | This security is a residual or equity position that does not have a stated interest rate. This residual or equity position is entitled to recurring distributions which are generally equal to the remaining cash flow of payments made by underlying securities less contractual payments to debt holders and fund expenses. |
| (3) | Restricted security (Note 7). |
| (4) | Security is not accruing interest. |
| (5) | Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
| (6) | Floating or variable rate security. The interest shown reflects the rate in effect at September 30, 2025. |
| (7) | Investments issued under Regulation S of the Securities Act of 1933, as amended, may not be offered, sold, or delivered within the United States except under special exemptions. At September 30, 2025, the value of these securities amounted to $10,536,622 or 4.3% of net assets. |
| (8) | For fair value measurement disclosure purposes, security is categorized as Level 3. Security is valued using significant unobservable inputs. |
| (9) | Security is currently in default due to bankruptcy or failure to make payment of principal or interest by the issuer. Income is not being accrued. |
| (10) | This security is purchased on a when-issued, delayed-delivery or forward commitment basis. |
| (11) | Security purchased on a forward commitment with an approximate principal amount. The actual principal amount and maturity date will be determined upon settlement when the security is delivered. |
| (12) | The maturity date of the security has been extended past the date disclosed. The new maturity date is not known as of September 30, 2025. |
| (13) | Perpetual maturity. |
| (14) | Payment-in-kind ("PIK") security. Income may be paid in additional securities or cash at the discretion of the issuer - 5.00% cash or 10.00% PIK interest. |
| (15) | Payment-in-kind ("PIK") security. Income may be paid in additional securities or cash at the discretion of the issuer - 5.75% cash or 0.50% payment-in-kind interest. |
| (16) | Non-income producing security. |
| (17) | Affiliated issuer. |
| (18) | Rate disclosed is the 7-day net yield as of September 30, 2025. |
| (19) | Fund buys foreign currency, sells USD. |
| (20) | Fund sells foreign currency, buys USD. |

---

------

**TCW Strategic Income Fund, Inc.** 

SCHEDULE OF INVESTMENTS September 30, 2025 (Unaudited) (Cont'd)

The summary of the TCW Strategic Income Fund transactions in the affiliated funds for the period ended September 30, 2025 is as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name of Affiliated Fund** | **Value at<br>December 31,<br>2024** | **Purchases<br>at Cost** | **Proceeds<br>from Sales** | **Number of<br>Shares Held<br>September 30,<br>2025** | **Value at<br>September 30,<br>2025** | **Dividends and<br>Interest**<br>**Income<br>Received** | **Distributions<br>Received<br>from Net<br>Realized Gain** | **Net<br>Realized<br>Gain (Loss)**<br>**on<br>Investments** | **Net change in<br>Unrealized<br>Gain (Loss)<br>on<br>Investments** |
|  TCW Central Cash Fund | $18464022 | $96302296 | $111000000 | 3766318 | $3766318 | $375560 | $– $|  | $— |
|  TCW Private Asset Income Fund—I Class |  | 6442105 |  | 644332 | 6462652 | 199905 | – |  | 20547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  |  |  |  | $10228970 | $575465 | $– $|  | $20547 |

---

------

**TCW Strategic Income Fund, Inc.** 

Fair Valuation Summary (Unaudited) September 30, 2025

The following is a summary of the fair valuations according to the inputs used as of September 30, 2025 in valuing the Fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Quoted Prices in<br>Active Markets for<br>Identical Assets**<br>**(Level 1)** | **Other Significant<br>Observable Inputs**<br>**(Level 2)** | **Significant<br>Unobservable Inputs**<br>**(Level 3)** | **Total** |
|  Fixed Income Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities | $— | $28676036 | $2830195 | $31506231 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-Backed Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Residential Mortgage-Backed<br>Securities—Agency |  | 59627915 |  | 59627915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Residential Mortgage-Backed<br>Securities—Non-Agency |  | 58340184 | 500638 | 58840822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Mortgage-Backed<br>Securities—Non-Agency |  | 39037026 |  | 39037026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Mortgage-Backed<br>Securities—Agency |  | 585354 |  | 585354 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Mortgage-Backed Securities |  | 157590479 | 500638 | 158091117 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds\* |  | 59583284 |  | 59583284 |
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds |  | 2135339 |  | 2135339 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Government Bonds |  | 2712081 |  | 2712081 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Securities |  | 7179715 |  | 7179715 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank Loans\* |  | 305891 |  | 305891 |
|  Total Fixed Income Securities |  | 71916310 |  | 71916310 |
| &nbsp;&nbsp;&nbsp;&nbsp; Convertible Corporate Bonds\* |  | 375798 |  | 375798 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock\* | 5228420 | 1416035 | 5092 | 6649547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | 6462652 |  |  | 6462652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Investments | 4948862 |  |  | 4948862 |
|  Total Investments | $16639934 | $259974658 | $3335925 | $279950517 |
|  Asset Derivatives |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Currency Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Risk |  | 44026 |  | 44026 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Risk | 1799 |  |  | 1799 |
|  Total | $16641733 | $260018684 | $3335925 | $279996342 |
|  Liability Derivatives |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Risk | $(599678) | $— | $— | $(599678) |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Currency Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Risk |  | (14940) |  | (14940) |
|  Total | $(599678) | $(14940) | $— | $(614618) |

---

\* See Schedule of Investments for corresponding industries.

------

**Note 1 — Security Valuations** 

Securities listed or traded on the NYSE and other stock exchanges were valued at the latest sale price on the exchange. Securities traded on the NASDAQ stock market ("NASDAQ") were valued during the period using official closing prices as reported by NASDAQ, which may not have been the last sale price. All other securities for which over-the-counter ("OTC") market quotations were readily available, including short-term securities, swap agreements and forward currency exchange contracts, were valued with prices furnished by independent pricing services or by broker-dealers.

Pursuant to Rule 2a-5 under the 1940 Act, the Board of Directors of the Fund (the "Board", and each member thereof, a "Director") has designated the Advisor as the "valuation designee" with respect to the fair valuation of the Fund's portfolio securities, subject to oversight by and periodic reporting to the Board. Fair valued securities are those for which market quotations were not readily available, including in circumstances under which it was determined by the Advisor that prices received were not reflective of their market values.

Fair value is defined as the price that the Fund would receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market for the investment. In accordance with the authoritative guidance on fair value measurements and disclosures under GAAP, the Fund discloses investments in its financial statements in a three-tier hierarchy. This hierarchy is utilized to establish classification of fair value measurements based on inputs. Inputs that go into fair value measurement refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability, developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity's own assumptions about the inputs market participants would use in pricing the asset or liability, developed based on the best information available in the circumstances.

The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

Level 1 — quoted prices in active markets for identical investments.

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

Changes in valuation techniques may result in transfers in or out of an investment's assigned Level within the hierarchy. The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to each security.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized as Level 3.

In periods of market dislocation, the observability of prices and inputs may be reduced for many instruments. This condition, as well as changes related to liquidity of investments, could cause a security to be reclassified between Level 1, Level 2, or Level 3.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement.

------

**Fair Value Measurements:** Descriptions of the valuation techniques applied to the Fund's major categories of assets and liabilities measured at fair value on a recurring basis are as follows:

*Asset-backed securities ("ABS") and mortgage-backed securities ("MBS")*. The fair value of ABS and MBS is estimated based on pricing models that consider the estimated cash flows of each debt tranche of the issuer, establish a benchmark yield, and develop an estimated tranche-specific spread to the benchmark yield based on the unique attributes of the tranche including, but not limited to, the prepayment speed assumptions and attributes of the collateral. To the extent the inputs are observable and timely, the values would be categorized as Level 2 of the fair value hierarchy; otherwise, they would be categorized as Level 3.

*Corporate bonds*. The fair value of corporate bonds is estimated using recently executed transactions, market price quotations (where observable), bond spreads, or credit default swap spreads adjusted for any basis difference between cash and derivative instruments. Corporate bonds are generally categorized as Level 2 of the fair value hierarchy; in instances where prices, spreads, or any of the other aforementioned key inputs are unobservable, they are categorized as Level 3 of the hierarchy.

*Equity securities*. Securities are generally valued based on quoted prices from the applicable exchange. To the extent these securities are actively traded and valuation adjustments are not applied, they are generally categorized as Level 1 of the fair value hierarchy. Restricted securities issued by publicly held companies are generally categorized as Level 2 of the fair value hierarchy; if a discount is applied and significant, they are categorized as Level 3. Restricted securities held in non-public entities are included in Level 3 of the fair value hierarchy because they trade infrequently, and therefore the inputs are unobservable. Certain foreign securities that are fair valued using a pricing service that considers the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets are categorized as Level 2 of the fair value hierarchy.

*Foreign currency contracts*. The fair values of foreign currency contracts are derived from indices, reference rates, and other inputs or a combination of these factors. To the extent that these factors can be observed, foreign currency contracts are categorized as Level 2 of the fair value hierarchy.

*Futures contracts*. Futures contracts are generally valued at the settlement price established at the close of business each day by the exchange on which they are traded. They are categorized as Level 1.

*Government and agency securities*. Government and agency securities are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, quoted market prices, and reference data. Accordingly, government and agency securities are normally categorized as Level 1 or 2 of the fair value hierarchy depending on the liquidity and transparency of the market.

*Interest rate swaps*. Interest rate swaps are fair valued using pricing models that take into account, among other factors, index spread curves, nominal values, modified duration values and cash flows. To the extent that these inputs are observable and timely, the fair values of credit default swaps are categorized as Level 2; otherwise, the fair values are categorized as Level 3.

*Money market funds.* Money market funds are open-end mutual funds that invest in short-term debt securities. To the extent that these funds are valued based upon the reported net asset value ("NAV"), they are categorized as Level 1 of the fair value hierarchy.

*Municipal bonds.* Municipal bonds are fair valued based on pricing models that take into account, among other factors, information received from market makers and broker-dealers, current trades, bid-wanted lists, offerings, market movements, the callability of the bond, state of issuance, benchmark yield curves, and bond insurance. To the extent that these inputs are observable and timely, the fair values of municipal bonds are categorized as Level 2; otherwise, the fair values are categorized as Level 3.

*Options contracts*. Option contracts traded on securities exchanges are fair valued using market mid prices; as such, they are categorized as Level 1. Option contracts traded OTC are fair valued based on pricing models and incorporate various inputs such as interest rates, credit spreads, currency exchange rates and volatility measurements for in-the-money, at-the-money, and out-of-the-money contracts on a given strike price. To the extent that these inputs are observable and timely, the fair value of OTC option contracts would be categorized as Level 2; otherwise, the fair values would be categorized as Level 3.

------

*Restricted securities.* Restricted securities, including illiquid Rule 144A securities, issued by non-public entities are categorized as Level 3 of the fair value hierarchy because they trade infrequently, and therefore the inputs are unobservable. Any other restricted securities valued similar to publicly traded securities may be categorized as Level 2 or 3 of the fair value hierarchy depending on whether a discount is applied and significant to the fair value.

*Short-term investments.* Short-term investments are valued using market price quotations, and are categorized as Level 1 or Level 2 of the fair value hierarchy.

The summary of the inputs used as of September 30, 2025 in valuing the Fund's investments is listed after the Investments by Sector table.

Following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining value:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Asset-Backed<br>Securities** | **Commercial<br>Mortgage-<br>Backed<br>Securities —<br>Non-Agency** | **Common Stock** | **Convertible<br>Corporate<br>Bonds** | **Corporate<br>Bonds** | **Residential<br>Mortgage-Backed<br>Securities — Non-**<br>**Agency** | **Total** |
|  Balance as of December 31, 2024 | $1124790 | $614136 | $337643 | $2659 | $41333 | $2162551 | $4283112 |
|  Accrued Discounts (Premiums) |  |  |  | 60 | 1039 | 100 | 1199 |
|  Realized Gain (Loss) | 112600 | 2911 | (122908) | (18788) | (243174) | (103721) | (373080) |
|  Change in Unrealized Appreciation (Depreciation)\* | (4826) | (10648) | 175900 | 17782 | 223653 | 443264 | 845125 |
|  Purchases | 2969149 |  |  |  |  | 517659 | 3486808 |
|  Sales | (1223334) | (606399) | (385543) | (1713) | (21401) |  | (2238390) |
|  Transfers in to Level 3\* | 119235 |  |  |  |  |  | 119235 |
|  Transfers out of Level 3\* | (267419) |  |  |  | (1450) | (2519215) | (2788084) |
|  Balance as of September 30, 2025 | $2830195 | $— | $5092 | $— | $— | $500638 | $3335925 |
|  Change in Unrealized Appreciation (Depreciation) from Investments Still Held at September 30, 2025 | $2545 | $— | $175900 | $— | $— | $5638 | $184083 |

---

\* Financial assets transferred between Level 2 and Level 3 were due to a change in observable and/or unobservable inputs.

Significant unobservable valuation inputs for Level 3 investments as of September 30, 2025 are as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Fair Value at<br>September 30, 2025** | **Valuation Techniques** | **Unobservable<br>Input** | **Price or Price<br>Range** | **Weighted<br>Average<br>Price** | **Input to**<br>**Valuation**<br>**If Input**<br>**Increases** |
|  Asset-Backed Securities | $1724769 | Broker Quote | Offered Quote | $20.500 to $100.000 | $78.859 | Increase |
|  Asset-Backed Securities | $0 | Fair Value | Zero Market Value | $0.000 to $0.000 | $0 | Increase |
|  Asset-Backed Securities | $1105426 | Third-Party Vendor | Vendor Prices | $83.206 to $100.197 | $91.737 | Increase |
|  Common Stock | $5092 | Fair Value | Broker Pricing | $0.560 | $0.560 | Increase |
|  Residential Mortgage-Backed Securities — Non-Agency | $500638 | Third-party Vendor | Vendor Prices | $101.139 | $101.139 | Increase |

---

**Mortgage-Backed and Other Asset-Backed Securities:** The Fund may invest in MBS, which represent interests in pools of mortgages in which payments of both principal and interest on the securities are generally made monthly, in effect "passing through" monthly payments made by borrowers on the residential or commercial mortgage loans which underlie the securities (net of any fees paid to the issuer or guarantor of the securities). Mortgage pass-through securities differ from other forms of debt securities, which normally provide for periodic payment of interest in fixed amounts with principal payments at maturity or specified call dates. The Fund may also invest in Collateralized Mortgage Obligations ("CMOs"). CMOs are debt obligations collateralized by residential or commercial mortgage loans or residential or commercial mortgage pass-through securities. Interest and principal are generally paid monthly. CMOs may be collateralized by whole mortgage loans or private mortgage pass-through securities but are more typically collateralized by portfolios of mortgage pass-through securities guaranteed by the Government National Mortgage Association (Ginnie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac) or Federal National Mortgage Corporation (Fannie Mae). The issuer of a series of CMOs may elect to be treated for tax purposes as a Real Estate Mortgage Investment Conduit. CMOs are structured into multiple classes, each bearing a different stated maturity. Monthly payment of principal received from the pool of underlying mortgages, including prepayments, is first returned to investors holding the shortest maturity class. Investors holding the longer maturity classes usually receive principal only after shorter classes have been retired. An investor may be partially protected against a sooner than desired return of principal because of the sequential payments. The Fund may invest in stripped MBS. Stripped MBS are usually structured with two classes that receive different proportions of the interest and principal distributions on a pool of mortgage assets. In certain cases, one class will receive all of the interest (the interest only or "IO" class), while the other class will receive all of the principal (the principal only or "PO" class). The yield to maturity on IOs is sensitive to the rate of principal repayments (including prepayments) on the related underlying mortgage assets, and principal payments may have a material effect on yield to maturity. If the underlying mortgage assets experience greater than anticipated prepayments of principal, the Fund may not fully recoup its initial investment in IOs. MBS and other ABS held by the Fund at September 30, 2025 are listed in the Fund's Schedule of Investments.

------

**When-Issued, Delayed-Delivery, To Be Announced ("TBA") and Forward Commitment Transactions:** The Fund may enter into when-issued, delayed-delivery, TBA or forward commitment transactions in order to lock in the purchase price of the underlying security or to adjust the interest rate exposure of the Fund's existing portfolio. In when-issued, delayed-delivery, TBA or forward commitment transactions, the Fund commits to purchase or sell particular securities, with payment and delivery to take place at a future date. Although the Fund does not pay for the securities or start earning interest on them until they are delivered, it immediately assumes the risks of ownership, including the risk of price fluctuation. If the Fund's counterparty fails to deliver a security purchased on a when-issued, delayed-delivery, TBA or forward commitment basis, there may be a loss, and the Fund may have missed an opportunity to make an alternative investment.

Prior to settlement of these transactions, the value of the subject securities will fluctuate with market conditions. In addition, because the Fund is not required to pay for when-issued, delayed-delivery, TBA or forward commitment securities until the delivery date, they may result in a form of leverage to the extent the Fund does not set aside liquid assets to cover the commitment. To guard against this deemed leverage, the Fund monitors the obligations under these transactions on a daily basis and ensures that the Fund has sufficient liquid assets to cover them.

**Repurchase Agreements:** The Fund may enter into repurchase agreements under the terms of a Master Repurchase Agreement ("MRA"). In a repurchase agreement, the Fund purchases a security from a counterparty who agrees to repurchase the same security at a mutually agreed upon date and price. The MRA permits the Fund, under certain circumstances including an event of default (such as bankruptcy or insolvency), to offset payables and/or receivables under the MRA with collateral held and/or posted to the counterparty and create one single net payment due to or from the Fund. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of the MRA counterparty's bankruptcy or insolvency. Pursuant to the terms of the MRA, the Fund receives securities as collateral with a market value in excess of the repurchase price. Upon a bankruptcy or insolvency of the MRA counterparty, the Fund recognizes a liability with respect to such excess collateral to reflect the Fund's obligation under bankruptcy law to return the excess to the counterparty. The Fund had no repurchase agreements outstanding as of September 30, 2025.

**Securities Lending:** The Fund may lend its securities to qualified brokers. The loans must be collateralized at all times primarily with cash although the Fund can accept money market instruments or U.S. Government securities with a market value at least equal to the market value of the securities on loan. As with any extensions of credit, the Fund may bear the risk of delay in recovery or even loss of rights in the collateral if the borrowers of the securities fail financially. The Fund earns additional income for lending its securities by investing the cash collateral in short-term investments. The Fund did not lend any securities during the period ended September 30, 2025.

**Derivatives**:

**Forward Currency Exchange Contracts:** The Fund enters into forward currency exchange contracts as a hedge against fluctuations in foreign exchange rates. Forward currency exchange contracts are marked-to-market daily and the change in market value is recorded by the Fund as unrealized gains or losses in the Statement of Assets and Liabilities. When a contract is closed or delivery is taken, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of the foreign currency relative to the U.S. dollar. Outstanding forward currency exchange contracts at September 30, 2025 are disclosed in the Schedule of Investments.

**Futures Contracts:** The Fund may enter into futures contracts. The Fund may seek to manage a variety of different risks through the use of futures contracts, such as interest rate risk, equity price risk, and currency risk. The Fund may use index futures to hedge against broad market risks to its portfolio or to gain broad market exposure. Securities index futures contracts are contracts to buy or sell units of a securities index at a specified future date at a price agreed upon when the contract is made, and are settled in cash. Positions in futures may be closed out only on an exchange or board of trade which provides a secondary market for such futures. Because futures contracts are exchange-traded, they typically have minimal exposure to counterparty risk. Parties to a futures contract are not required to post the entire notional amount of the contract, but rather a small percentage of that amount (by way of margin), both at the time they enter into futures transactions, and then on a daily basis if their positions decline in value; as a result, futures contracts are highly leveraged. Such payments are known as variation margin and are recorded by the Fund as unrealized gains or losses. Because futures markets are highly leveraged, they can be extremely volatile, and there can be no assurance that the pricing of a futures contract will correlate precisely with the pricing of the asset or index underlying it or the asset or liability of the Fund that is the subject of the hedge. It may not always be possible for the Fund to enter into a closing transaction with respect to a futures contract it has entered into at a favorable time or price. When the Fund enters into a futures transaction, it is subject to the risk that the value of the futures contract will move in a direction unfavorable to it.

When the Fund uses futures contracts for hedging purposes, it is likely that the Fund will have an asset or liability that will offset any loss (or gain) on the transactions, at least in part. When a futures contract is closed, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at

------

the time it was closed. During the period ended September 30, 2025, the Fund utilized treasury futures to help manage interest rate duration and credit market exposure. Futures contracts outstanding at September 30, 2025 are listed in the Fund's Schedule of Investments.

**Options:** The Fund may purchase and sell put and call options on a security or an index of securities to enhance investment performance and/or to protect against changes in market prices. The Fund may also enter into currency options to hedge against or to take advantage of currency fluctuations.

A call option gives the holder the right to purchase, and obligates the writer to sell, a security at the strike price at any time before the expiration date. A put option gives the holder the right to sell, and obligates the writer to buy, a security at the exercise price at any time before the expiration date. A Fund may purchase put options to protect portfolio holdings against a decline in market value of a security or securities held by it. A Fund may also purchase a put option hoping to profit from an anticipated decline in the value of the underlying security. If a Fund holds the security underlying the option, the option premium and any transaction costs will reduce any profit the Fund might have realized had it sold the underlying security instead of buying the put option. A Fund may purchase call options to hedge against an increase in the price of securities that the Fund ultimately wants to buy. A Fund may also purchase a call option as a long directional investment hoping to profit from an anticipated increase in the value of the underlying security. In order for a call option to be profitable, the market price of the underlying security must rise sufficiently above the exercise price to cover the premium and transaction costs. These costs will reduce any profit a Fund might have realized had it bought the underlying security at the time it purchased the call option.

Purchasing foreign currency options gives a Fund the right, but not the obligation, to buy or sell specified amounts of currency at a rate of exchange that may be exercised by a certain date. These currency options may be used as a short or long hedge against possible variations in foreign exchange rates or to gain exposure to foreign currencies.

When a Fund purchases an option, it runs the risk that it will lose its entire investment in the option in a relatively short period of time, unless the Fund exercises the option or enters into a closing sale transaction before the option's expiration. If the price of the underlying security does not rise (in the case of a call) or fall (in the case of a put) to an extent sufficient to cover the option premium and transaction costs, the Fund will lose part or all of its investment in the option. Premiums paid for purchasing options that expire are treated as realized losses.

Options purchased or sold by a Fund may be traded on a securities or options exchange. Such options typically have minimal exposure to counterparty risk. However, an exchange or market may at times find it necessary to impose restrictions on particular types of options transactions, such as opening transactions. If an underlying security ceases to meet qualifications imposed by an exchange or the Options Clearing Corporation, new series of options on that security will no longer be opened to replace the expiring series, and opening transactions in existing series may be prohibited.

OTC options are options not traded on exchanges or backed by clearinghouses. Rather, they are entered into directly between a Fund and the counterparty to the option. In the case of an OTC option purchased by a Fund, the value of the option to the Fund will depend on the willingness and ability of the option writer to perform its obligations to the Fund. In addition, OTC options may not be transferable and there may be little or no secondary market for them, so they may be considered illiquid. It may not be possible to enter into closing transactions with respect to OTC options or otherwise to terminate such options, and as a result a Fund may be required to remain obligated on an unfavorable OTC option until its expiration. During the period ended September 30, 2025, the Fund entered into written option contracts to gain exposure to the equity market.

**Swap Agreements:** The Fund may enter into swap agreements. Swap agreements are typically two-party contracts entered into primarily by institutional investors. In a standard "swap" transaction, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on particular predetermined investments or instruments, which may be adjusted for an interest factor. The gross returns to be exchanged or "swapped" between the parties are generally calculated with respect to a "notional amount" (i.e., the return on or increase in value of a particular dollar amount invested at a particular interest rate or in a "basket" of securities representing a particular index).

In a total return swap, one party typically agrees to pay to the other a short-term interest rate in return for a payment at one or more times in the future based on the increase in the value of an underlying security or other asset, or index of securities or assets; if the underlying security, asset, or index declines in value, the party that pays the short-term interest rate must also pay to its counterparty a payment based on the amount of the decline. The Fund may take either

------

side of such a swap, and so may take a long or short position in the underlying security, asset, or index. The Fund may enter into a total return swap to hedge against an exposure in its portfolio — such as interest rate risk (including to adjust the duration or credit quality of the Fund's bond portfolio), equity risk, or credit risk — or generally to put cash to work efficiently in the markets in anticipation of, or as a replacement for, cash investments. The Fund may also enter into a total return swap to gain exposure to securities or markets in which it might not be able to invest directly (in so-called market access transactions).

Interest rate swaps are agreements in which one party pays a floating rate of interest on a notional principal amount and receives a fixed rate of interest on the same notional principal amount for a specified period of time. Alternatively, a party may pay a fixed rate and receive a floating rate. In more complex swaps, the notional principal amount may decline (or amortize) over time. The Fund's maximum risk of loss due to counterparty default is the discounted NAV of the cash flows paid to/received from the counterparty over the interest rate swap's remaining life.

The Fund may enter into credit default swap transactions as a "buyer" or "seller" of credit protection. In a credit default swap, one party provides what is in effect insurance against a default or other adverse credit event affecting an issuer of debt securities (typically referred to as a "reference entity"). In general, the buyer of credit protection is obligated to pay the protection seller an upfront amount or a periodic stream of payments over the term of the swap. If a "credit event" occurs, the buyer has the right to deliver to the seller bonds (or other obligations of the reference entity with a value up to the full notional value of the swap), and to receive a payment equal to the par value of the bonds or other obligations. Credit events that would trigger a request that the seller make payment are specific to each credit default swap agreement, but generally include bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default, or repudiation/moratorium. When the Fund buys protection, it may or may not own securities of the reference entity. When the Fund sells protection under a credit default swap, the position may have the effect of creating leverage in the Fund's portfolio through the Fund's indirect long exposure to the issuer or securities on which the swap is written. When the Fund sells protection, it may do so either to earn additional income or to create such a "synthetic" long position.

Whenever the Fund enters into a swap agreement, it takes on counterparty risk — the risk that its counterparty will be unable or unwilling to meet its obligations under the swap agreement. The Fund also takes the risk that the market will move against its position in the swap agreement. In the case of a total return swap, the swap will change in value depending on the change in value of the asset or index on which the swap is written. When the Fund enters into any type of swap for hedging purposes, it is likely that the Fund will have an asset or liability that will offset any loss (or gain) on the swap, at least in part. Swap agreements may be non-transferable or otherwise highly illiquid, and the Fund may not be able to terminate or transfer a swap agreement at any particular time or at an acceptable price.

During the term of a swap transaction, changes in the value of the swap are recognized as unrealized gains or losses by marking-to-market to reflect the market value of the swap. When the swap is terminated, the Fund will record a realized gain or loss equal to the difference, if any, between the proceeds from (or cost of) the closing transaction and the Fund's basis in the agreement. Upfront swap premium payments paid or received by the Fund, if any, are recorded within the value of the open swap agreement on the Fund's Statement of Assets and Liabilities and represent payments paid or received upon entering into the swap agreement to compensate for differences between stated terms of the swap agreement and prevailing market conditions (credit spreads, currency exchange rates, and other relevant factors). These upfront payments are recorded as realized gains or losses on the Fund's Statement of Operations upon termination or maturity of the swap agreement.

During the term of a swap transaction, the periodic net payments can be made for a set period of time or may be triggered by a predetermined credit event. The net periodic payments may be based on a fixed or variable interest rate, the change in market value of a specified security, basket of securities or index, or the return generated by a security. These periodic payments received or made by the Fund are recorded as realized gains and losses, respectively. During the period ended September 30, 2025, the Fund entered into interest rate swaps to manage duration, the yield curve or interest rate risk by economically hedging the value of the fixed-rate bonds which may decrease when interest rates rise (interest rate risk). Outstanding swap agreements at September 30, 2025 are disclosed in the Schedule of Investments.

------

**Note 2 — Restricted Securities** 

The Fund is permitted to invest in securities that have legal or contractual restrictions on resale. These securities may be sold privately, but are required to be registered before being sold to the public (exemption rules apply). Private placement securities are generally considered to be restricted except for those securities traded between qualified institutional investors under the provisions of Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"). However, the Fund considers 144A securities to be restricted if those securities have been deemed illiquid. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Restricted securities held by the Fund at September 30, 2025 are listed below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issuer Description** | **Acquisition**<br>**Date** | **Acquisition<br>Cost** | **Aggregate<br>Value** | **Percentage<br>of Net<br>Assets** |
|  Academic Loan Funding Trust, Series 2012-1A, Class R, 0.00%, due 12/27/2044 | 11/1/2022 | $735000 | $267419 | 0.11% |
|  Avis Budget Rental Car Funding AESOP LLC, Series 2021-2A, Class D, 4.08%, due 02/20/2028 | 4/28/2025 | 238652 | 244770 | 0.10% |
|  COMM Mortgage Trust, Series 2012-LC4, Class XB (I/O), 0.60%, due 12/10/44 | 1/22/2019 | 159955 | 139 | 0.00% |
|  HOA Funding LLC, Series 2021-1A, Class A2, 4.72%, due 08/20/51 | 5/24/2023 | 468756 | 119235 | 0.05% |
|  |  | $1602363 | $631563 | 0.26% |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** TCW STRATEGIC INCOME FUND INC

- **b. Investment Company Act file number:** 811-04980

- **c. CIK number of Registrant:** 0000809559

- **d. LEI of Registrant:** 54930062BZFVP7F6WJ47

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

  - **Street Address 1:** 515 South Flower Street

  - **City:** LOS ANGELES

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-244-0000

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

- **a. Name of Series:** TCW STRATEGIC INCOME FUND INC

- **c. LEI of Series:** 54930062BZFVP7F6WJ47

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $285706601.36

**Total Liabilities:** $38150092.60

**Net Assets:** $247556508.76

**Delayed Delivery Securities:** $1746026.00

**Cash Not Reported:** $1848366.33

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -311.01000000 | **1-Year:** -4462.50000000 | **5-Year:** -11459.72000000 | **10-Year:** -9612.89000000 | **30-Year:** -1804.10000000

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

- **3-Month:** -470.52000000 | **1-Year:** -7481.76000000 | **5-Year:** -12991.82000000 | **10-Year:** -11304.46000000 | **30-Year:** -3106.00000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.82%                | 0.81%                | 5.75%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $158883.56               | $-1203072.57                               |
| Month 2  | $1784853.57              | $299814.58                                 |
| Month 3  | $653103.85               | $8477.87                                   |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JANE STREET GRP/JSG FIN                                          | Jane Street Group / JSG Finance Inc                                             | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $327527.55    | 0.13%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                        | Sunoco LP                                                                       | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    375000 | PA      | $382046.25    | 0.15%             | 2030-09-18      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Deutsche Alt-A Securities INC Mortgage Loan Trust                | Deutsche Alt-A Securities Mortgage Loan Trust Series 2006-AR6                   | CUSIP: 25150RAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    231342 | PA      | $201583.59    | 0.08%             | 2037-02-25      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Alt-A Trust                                         | Bear Stearns ALT-A Trust 2005-3                                                 | CUSIP: 07386HSN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    132803 | PA      | $129715.88    | 0.05%             | 2035-04-25      | Variable      | 4.28%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMorgan Chase & Co                                                             | CUSIP: 46647PCB0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    425000 | PA      | $418829.00    | 0.17%             | 2027-04-22      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| British American Tobacco PLC                                     | British American Tobacco PLC                                                    | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     15706 | NS      | $833674.48    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenpoint Manufactured Housing                                  | Greenpoint Manufactured Housing                                                 | CUSIP: 395383AN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    334416 | PA      | $187944.43    | 0.08%             | 2030-03-20      | Variable      | 8.14%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                                          | Allied Universal Holdco LLC                                                     | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    125000 | PA      | $131223.75    | 0.05%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Farmers Exchange Capital                                         | Farmers Exchange Capital                                                        | CUSIP: 309588AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $527640.00    | 0.21%             | 2028-07-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                | EURO-BOBL FUTURE DEC25                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -5 | NC      | $-770.74      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo Alternative Loan Trust                               | Wells Fargo Alternative Loan 2007-PA2 Trust                                     | CUSIP: 94985FAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1079533 | PA      | $115070.40    | 0.05%             | 2037-06-25      | Floating      | 1.80%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                                                   | ICG US CLO 2022-1i Ltd                                                          | CUSIP: 44933EAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003750.00   | 0.41%             | 2038-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                         | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                          | CUSIP: 03969AAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     85000 | PA      | $82247.70     | 0.03%             | 2026-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SPECTRUM BRANDS INC                                              | Spectrum Brands Inc                                                             | CUSIP: 84762LAX3<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |    435000 | PA      | $348878.70    | 0.14%             | 2031-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                 | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20754AAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    650000 | PA      | $673494.58    | 0.27%             | 2041-12-25      | Floating      | 9.86%                 | No            |                  2 | On Loan: No      |
| CHNGE Mortgage Trust                                             | CHNGE Mortgage Trust 2023-1                                                     | CUSIP: 12547QAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    460000 | PA      | $463677.52    | 0.19%             | 2058-03-25      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                     | Hudson Yards 2019-55HY Mortgage Trust                                           | CUSIP: 44421MAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $128190.21    | 0.05%             | 2041-12-10      | Variable      | 3.04%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                   | Carvana Auto Receivables Trust 2023-P2                                          | CUSIP: 14686TAK4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2000 | PA      | $184492.51    | 0.07%             | 2030-06-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                                | Citigroup Mortgage Loan Trust 2005-11                                           | CUSIP: 17307GW79<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    121240 | PA      | $126554.12    | 0.05%             | 2035-10-25      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                           | Romania Government International Bonds                                          | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    200000 | PA      | $192896.00    | 0.08%             | 2035-03-24      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Progress Residential Trust                                       | Progress Residential 2021-SFR7 Trust                                            | CUSIP: 74333PAL1<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   1451000 | PA      | $1354060.00   | 0.55%             | 2040-08-17      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| ASX Clear (Futures)                                              | AUST 10Y BOND FUT DEC25                                                         | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |       -17 | NC      | $-9287.52     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| DISH NETWORK CORP                                                | DISH Network Corp                                                               | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    150000 | PA      | $158871.00    | 0.06%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                                           | Rockford Tower CLO 2021-2 Ltd                                                   | CUSIP: 77341LAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    620000 | PA      | $620533.82    | 0.25%             | 2034-07-20      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Santander Consumer Auto Receivables Trust                        | Santander Consumer Auto Receivables Trust 2021-C                                | CUSIP: 80281HAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5500 | PA      | $578822.52    | 0.23%             | 2028-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                       | Intel Corp                                                                      | CUSIP: 458140CJ7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53263.10     | 0.02%             | 2053-02-10      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | Venture Global LNG Inc                                                          | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    189000 | PA      | $205949.52    | 0.08%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                                         | Hudson Pacific Properties LP                                                    | CUSIP: 44409MAA4<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |    313000 | PA      | $301594.28    | 0.12%             | 2027-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                 | RALI Series 2007-QS2 Trust                                                      | CUSIP: 74923CAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4923769 | PA      | $48947.19     | 0.02%             | 2037-01-25      | Variable      | 0.29%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                         | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     69000 | PA      | $51469.86     | 0.02%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                        | CUSIP: 38378BV30<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    744933 | PA      | $15585.04     | 0.01%             | 2053-02-16      | Variable      | 0.65%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                              | American Express Co                                                             | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    145000 | PA      | $142284.15    | 0.06%             | 2026-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Berry Global Inc                                                 | Berry Global Inc                                                                | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40004.40     | 0.02%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae REMICS                                                               | CUSIP: 31396VS66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     31070 | PA      | $2333.08      | 0.00%             | 2037-05-25      | Floating      | 1.64%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                   | Carvana Auto Receivables Trust 2022-P3                                          | CUSIP: 14686MAK9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2900 | PA      | $238106.77    | 0.10%             | 2029-09-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                      | Oracle Corp                                                                     | CUSIP: 68389XCY9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    365000 | PA      | $371226.90    | 0.15%             | 2028-08-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| JP Morgan ReRemic                                                | JP Morgan Resecuritization Trust Series 2015-4                                  | CUSIP: 46645AAJ0<br>LEI: 549300I70LJMOFGPXY37 | Long             | ABS-MBS          | CORP              | US        |   2593440 | PA      | $822688.83    | 0.33%             | 2047-06-26      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                              | American Express Co                                                             | CUSIP: 025816EK1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152635.50    | 0.06%             | 2033-07-20      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                                | PRPM 2024-RPL1 LLC                                                              | CUSIP: 69380XAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $623993.76    | 0.25%             | 2064-12-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418EJP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    807260 | PA      | $653999.15    | 0.26%             | 2052-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Asset Backed Securities Corp Home Equity Ln Trst                 | Asset Backed Securities Corp Home Equity Loan Trust Series RFC 2007-HE1         | CUSIP: 04544RAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    167350 | PA      | $163042.76    | 0.07%             | 2036-12-25      | Floating      | 3.56%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING CO LLC                                         | HAH Group Holding Co LLC                                                        | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |    125000 | PA      | $118882.50    | 0.05%             | 2031-10-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                    | J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-OSB                 | CUSIP: 46651EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    585000 | PA      | $553297.56    | 0.22%             | 2039-06-05      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                           | Energizer Holdings Inc                                                          | CUSIP: 29272WAG4<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244625.00    | 0.10%             | 2033-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co                                             | Kraft Heinz Foods Co                                                            | CUSIP: 423074AF0<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    210000 | PA      | $220848.60    | 0.09%             | 2028-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch First Franklin Mortgage Loan Trust                 | Merrill Lynch First Franklin Mortgage Loan Trust Series 2007-3                  | CUSIP: 59024VAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    241831 | PA      | $241392.14    | 0.10%             | 2037-06-25      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Saxon Asset Securities Trust                                     | Saxon Asset Securities Trust 2007-3                                             | CUSIP: 80557BAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1326000 | PA      | $1137304.63   | 0.46%             | 2047-09-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Corporation                              | Banc of America Funding 2006-3 Trust                                            | CUSIP: 058931BF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     78014 | PA      | $71050.30     | 0.03%             | 2036-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                          | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYG3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1316736.00   | 0.53%             | 2027-09-10      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | PURCHASED EUR / SOLD USD                                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | XX        |         1 | NC      | $394.52       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Academic Loan Funding Trust                                      | Academic Loan Funding Trust 2012-1                                              | CUSIP: 00400V206<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3368 | PA      | $267419.20    | 0.11%             | 2044-12-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd                                   | Golub Capital Partners Clo 42M-R                                                | CUSIP: 381742AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    600000 | PA      | $602957.40    | 0.24%             | 2036-01-20      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                                           | Edgewell Personal Care Co                                                       | CUSIP: 28035QAA0<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    133000 | PA      | $132739.32    | 0.05%             | 2028-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AURIZON NETWORK PTY LTD                                          | Aurizon Network Pty Ltd                                                         | CUSIP: 000000000<br>LEI: 549300FNL9A7DVZKZ444 | Long             | DBT              | CORP              | AU        |    290000 | PA      | $173492.79    | 0.07%             | 2030-09-02      | Fixed         | 2.90%                 | Yes           |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                              | Dominion Energy Inc                                                             | CUSIP: 25746UDZ9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    350000 | PA      | $352905.00    | 0.14%             | 2056-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                 | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137FWGL8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2728327 | PA      | $63572.47     | 0.03%             | 2027-05-25      | Variable      | 1.81%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    242000 | PA      | $240777.90    | 0.10%             | 2027-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                            | Icahn Enterprises LP / Icahn Enterprises Finance Corp                           | CUSIP: 451102CF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $85610.30     | 0.03%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Gracechurch Mortgage Finance Plc                                 | Grace Trust 2020-GRCE                                                           | CUSIP: 38406JAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10620000 | PA      | $143549.48    | 0.06%             | 2040-12-10      | Variable      | 0.39%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                              | COMM 2016-787S Mortgage Trust                                                   | CUSIP: 12635WAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    693000 | PA      | $673949.78    | 0.27%             | 2036-02-10      | Variable      | 3.96%                 | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Trust                                 | IndyMac INDX Mortgage Loan Trust 2006-AR13                                      | CUSIP: 45661XAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    167728 | PA      | $0.18         | 0.00%             | 2036-07-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                               | Voyager Parent LLC                                                              | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    245000 | PA      | $259261.45    | 0.10%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                                         | Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl             | CUSIP: 42329HAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $207372.00    | 0.08%             | 2029-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                           | SLM Student Loan Trust 2008-5                                                   | CUSIP: 78444YAE5<br>LEI: 549300SRMXHPGI3BJ386 | Long             | ABS-O            | CORP              | US        |    260000 | PA      | $268375.17    | 0.11%             | 2073-07-25      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                                           | Rockford Tower CLO 2025-2 Ltd                                                   | CUSIP: 77342RAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $602818.20    | 0.24%             | 2038-03-31      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | Venture Global LNG Inc                                                          | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46634.85     | 0.02%             | 2028-06-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd                                   | Golub Capital Partners CLO 69M                                                  | CUSIP: 38179UAD0<br>LEI: 2549004WBNSFGOX1MY52 | Long             | ABS-CBDO         | CORP              | US        |    870000 | PA      | $872460.36    | 0.35%             | 2036-11-09      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                         | Avis Budget Rental Car Funding AESOP LLC 2021                                   | CUSIP: 05377REU4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $244770.18    | 0.10%             | 2028-02-20      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                                              | Prestige Brands Inc                                                             | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |    595000 | PA      | $548542.40    | 0.22%             | 2031-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                           | Extra Space Storage LP                                                          | CUSIP: 30225VAQ0<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |     56000 | PA      | $49381.92     | 0.02%             | 2031-10-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                                         | Ajax Mortgage Loan Trust 2019-F                                                 | CUSIP: 00969PAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1259426.22   | 0.51%             | 2059-07-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| BECLE SA DE CV                                                   | Becle SAB de CV                                                                 | CUSIP: 07586PAA9<br>LEI: 529900JY55CZKMJLCE09 | Long             | DBT              | CORP              | MX        |    395000 | PA      | $341655.25    | 0.14%             | 2031-10-14      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Taurus CMBS                                                      | Taurus 2021-1 UK DAC                                                            | CUSIP: 000000000<br>LEI: 635400SG2ZVJCYHITE32 | Long             | ABS-MBS          | CORP              | IE        |    665115 | PA      | $899572.01    | 0.36%             | 2031-05-17      | Floating      | 7.64%                 | Yes           |                  2 | On Loan: No      |
| COLT Funding LLC                                                 | COLT 2025-7 Mortgage Loan Trust                                                 | CUSIP: 19689CAE1<br>LEI: 213800DOQUYA3TO33M98 | Long             | ABS-MBS          | CORP              | US        |    620000 | PA      | $625115.37    | 0.25%             | 2070-06-25      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                                         | Santander UK Group Holdings PLC                                                 | CUSIP: 80281LAQ8<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |     55000 | PA      | $53981.95     | 0.02%             | 2027-06-14      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                              | General Electric Co                                                             | CUSIP: 36962GX74<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1333710.00   | 0.54%             | 2036-08-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| SFAVE Commercial Mortgage Securities Trust                       | SFAVE Commercial Mortgage Securities Trust 2015-5AVE                            | CUSIP: 78413MAC2<br>LEI: 549300FIGODFFTOAAU64 | Long             | ABS-MBS          | CORP              | US        |    805000 | PA      | $691765.56    | 0.28%             | 2043-01-05      | Variable      | 3.66%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                        | CUSIP: 38379EFX5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3324783 | PA      | $288431.91    | 0.12%             | 2044-08-20      | Floating      | 1.35%                 | No            |                  2 | On Loan: No      |
| SCRIPPS ESCROW II INC                                            | Scripps Escrow II Inc                                                           | CUSIP: 81105DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $123936.40    | 0.05%             | 2029-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                            | Caesars Entertainment Inc                                                       | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127562.50    | 0.05%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                                            | Sixth Street CLO XX Ltd                                                         | CUSIP: 83012RAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    467250 | PA      | $284848.68    | 0.12%             | 2038-07-17      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| AGNC Investment Corp                                             | AGNC Investment Corp                                                            | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               |  | US        |    144641 | NS      | $1416035.39   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Shamrock Residential                                             | Shamrock Residential 2024-1 DAC                                                 | CUSIP: 000000000<br>LEI: 635400DULOLZBZ1GY715 | Long             | ABS-MBS          | CORP              | IE        |    575000 | PA      | $673549.35    | 0.27%             | 2078-12-24      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                                 | MGM Resorts International                                                       | CUSIP: 552953CJ8<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76482.00     | 0.03%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Gracie Point International Funding                               | Gracie Point International Funding 2025-1 LLC                                   | CUSIP: 38411WAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    605000 | PA      | $606191.25    | 0.24%             | 2028-08-15      | Floating      | 7.10%                 | No            |                  3 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                            | Guatemala Government Bond                                                       | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    200000 | PA      | $178380.00    | 0.07%             | 2033-10-07      | Fixed         | 3.70%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418EGK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    296107 | PA      | $288754.63    | 0.12%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                       | Verus Securitization Trust 2025-3                                               | CUSIP: 924928AE4<br>LEI: 213800DYYV3EM7TSTN14 | Long             | ABS-MBS          | CORP              | US        |    734000 | PA      | $748111.44    | 0.30%             | 2070-05-25      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                                   | Apidos CLO XXXVII                                                               | CUSIP: 03769HAC1<br>LEI: 549300OGB01ASKLNI660 | Long             | ABS-CBDO         | CORP              | KY        |    725000 | PA      | $726740.00    | 0.29%             | 2034-10-22      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| Redwood Trust Inc                                                | Redwood Trust Inc                                                               | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               |  | US        |     61963 | NS      | $358765.77    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418EMQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1194923 | PA      | $1130559.21   | 0.46%             | 2053-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lehman Mortgage Trust                                            | Lehman Mortgage Trust 2006-7                                                    | CUSIP: 52520QAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2866764 | PA      | $331188.66    | 0.13%             | 2036-11-25      | Floating      | 2.28%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Alternative Note Asset                             | Merrill Lynch Alternative Note Asset Trust Series 2007-OAR2                     | CUSIP: 59024BAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    457830 | PA      | $365410.07    | 0.15%             | 2037-04-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                                   | NCR Voyix Corp                                                                  | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    128000 | PA      | $126351.36    | 0.05%             | 2029-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                 | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137BTAF8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2499972 | PA      | $47221.98     | 0.02%             | 2044-12-25      | Variable      | 1.96%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                        | CUSIP: 38374M7D5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    606207 | PA      | $63594.88     | 0.03%             | 2036-07-20      | Floating      | 2.35%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                                | Waste Pro USA Inc                                                               | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |     74000 | PA      | $76937.80     | 0.03%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                                               | Tricon Residential 2021-SFR1 Trust                                              | CUSIP: 89614YAG1<br>LEI: 549300Z2X1L1L3MID765 | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $739913.55    | 0.30%             | 2038-07-17      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                     | Hudson Yards 2019-30HY Mortgage Trust                                           | CUSIP: 44421GAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $409767.53    | 0.17%             | 2039-07-10      | Variable      | 3.56%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                | EURO-BUND FUTURE DEC25                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       -14 | NC      | $-8333.18     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust                                                         | BX Trust 2023-DELC                                                              | CUSIP: 05610DAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    615000 | PA      | $621137.33    | 0.25%             | 2038-05-15      | Floating      | 7.49%                 | No            |                  2 | On Loan: No      |
| JAZZ SECURITIES DAC                                              | Jazz Securities DAC                                                             | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |    460000 | PA      | $448776.00    | 0.18%             | 2029-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN INTL FIN NV                                           | Volkswagen International Finance NV                                             | CUSIP: 000000000<br>LEI: 5299004PWNHKYTR23649 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $271737.50    | 0.11%             | 2032-09-06      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140MHSL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    732608 | PA      | $593520.13    | 0.24%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac REMICS                                                              | CUSIP: 3137APLC2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    380011 | PA      | $43605.61     | 0.02%             | 2042-04-15      | Floating      | 2.12%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition Corp                              | JP Morgan Mortgage Acquisition Trust 2006-WF1                                   | CUSIP: 46628SAH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1779010 | PA      | $470170.92    | 0.19%             | 2036-07-25      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | PURCHASED USD / SOLD AUD                                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-548.95      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DWDZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1374779 | PA      | $1212853.61   | 0.49%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                                   | 1261229 BC Ltd                                                                  | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    230000 | PA      | $236359.50    | 0.10%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| XEROX CORPORATION                                                | Xerox Corp                                                                      | CUSIP: 984121CS0<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |    255000 | PA      | $259360.50    | 0.10%             | 2030-10-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Notes                                                             | CUSIP: 91282CPB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    270000 | PA      | $269441.02    | 0.11%             | 2027-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                    | EchoStar Corp                                                                   | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     80000 | PA      | $88095.20     | 0.04%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Banc of America Funding Corporation                              | Banc of America Funding 2015-R4 Trust                                           | CUSIP: 05990RAD3<br>LEI: 549300R847L762RQF071 | Long             | ABS-MBS          | CORP              | US        |     31844 | PA      | $31794.79     | 0.01%             | 2037-02-25      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                                             | Michaels Cos Inc/The                                                            | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |     60000 | PA      | $50316.60     | 0.02%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                   | Sabre GLBL Inc                                                                  | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43625.70     | 0.02%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                       | Progress Residential 2021-SFR8 Trust                                            | CUSIP: 74333TAQ2<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   1450000 | PA      | $1422876.45   | 0.57%             | 2038-10-17      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                        | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C31                     | CUSIP: 61766RBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5682676 | PA      | $40099.80     | 0.02%             | 2049-11-15      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                       | JPMBB Commercial Mortgage Securities Trust 2015-C29                             | CUSIP: 46644RAE5<br>LEI: 549300UOGMFS1M8XVM16 | Long             | ABS-MBS          | CORP              | US        |  26458000 | PA      | $132296.61    | 0.05%             | 2048-05-15      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                          | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAL0<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    370000 | PA      | $375394.60    | 0.15%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KRE Commercial Mortgage Trust                                    | KRE Commercial Mortgage Trust 2025-AIP4                                         | CUSIP: 50077KAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    490000 | PA      | $489317.97    | 0.20%             | 2042-03-15      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2006-8T1                                                 | CUSIP: 12668BMF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4660685 | PA      | $545612.85    | 0.22%             | 2036-04-25      | Floating      | 1.23%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                       | Verus Securitization Trust 2023-4                                               | CUSIP: 92539TAA1<br>LEI: 2138008DC17PCNG48R87 | Long             | ABS-MBS          | CORP              | US        |    638837 | PA      | $641174.36    | 0.26%             | 2068-05-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                                             | Wingstop Funding LLC                                                            | CUSIP: 974153AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    541750 | PA      | $523606.68    | 0.21%             | 2050-12-05      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | PURCHASED EUR / SOLD USD                                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | XX        |         1 | NC      | $-646.35      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EQUINIX EU 2 FINANCING C                                         | Equinix Europe 2 Financing Corp LLC                                             | CUSIP: 000000000<br>LEI: 254900FSZR46BPMCKI50 | Long             | DBT              |  | US        |    155000 | PA      | $178806.65    | 0.07%             | 2034-11-22      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                                      | OCP CLO 2015-9 Ltd                                                              | CUSIP: 67092BAE3<br>LEI: 254900XV0U0WEM36A370 | Long             | ABS-CBDO         | CORP              | KY        |   1360000 | PA      | $586618.32    | 0.24%             | 2037-01-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                                      | Paychex Inc                                                                     | CUSIP: 704326AB3<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    700000 | PA      | $726551.00    | 0.29%             | 2032-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                                    | FirstCash Inc                                                                   | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    280000 | PA      | $280173.60    | 0.11%             | 2030-01-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Alternative Loan Trust                               | JP Morgan Alternative Loan Trust                                                | CUSIP: 46628GAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    308940 | PA      | $172024.78    | 0.07%             | 2036-05-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC Holdings LLC                                                                | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    196000 | PA      | $165559.24    | 0.07%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                          | Colombia Government International Bonds                                         | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $215210.00    | 0.09%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                                             | Michaels Cos Inc/The                                                            | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    281000 | PA      | $259090.43    | 0.10%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                           | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     30000 | PA      | $34008.30     | 0.01%             | 2034-10-20      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                 | CUSIP: 3138LF5C8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1013480 | PA      | $875530.47    | 0.35%             | 2046-11-01      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Notes                                                             | CUSIP: 91282CPA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7124000 | PA      | $7088101.74   | 2.86%             | 2030-09-30      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                            | NORTHWEST TX INDEP SCH DIST                                                     | CUSIP: 667826HF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $135258.24    | 0.05%             | 2055-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUEZ                                                             | Suez SACA                                                                       | CUSIP: 000000000<br>LEI: 5493007LKZ37MXEN5D79 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $220082.16    | 0.09%             | 2034-05-24      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| SLM Student Loan Trust                                           | SLM Student Loan Trust 2008-2                                                   | CUSIP: 784442AD7<br>LEI: 549300MHMWVKFEDI8G73 | Long             | ABS-O            | CORP              | US        |    225000 | PA      | $232074.32    | 0.09%             | 2083-01-25      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                        | CIM Trust 2021-R3                                                               | CUSIP: 12566LAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    567926 | PA      | $529042.58    | 0.21%             | 2057-06-25      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                              | American Tower Corp                                                             | CUSIP: 03027XBA7<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    495000 | PA      | $466676.10    | 0.19%             | 2030-01-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Securities Trust                     | Wells Fargo Mortgage Backed Securities 2007-AR3 Trust                           | CUSIP: 94983UAD9<br>LEI: 549300EZH20KSD9JD814 | Long             | ABS-MBS          | CORP              | US        |     57330 | PA      | $50999.35     | 0.02%             | 2037-04-25      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                   | Morgan Stanley Capital I Trust 2020-CNP                                         | CUSIP: 61770YAG0<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |    620000 | PA      | $514885.57    | 0.21%             | 2042-04-05      | Variable      | 2.51%                 | No            |                  2 | On Loan: No      |
| Asset Backed Funding Certificates                                | ABFC 2007-NC1 Trust                                                             | CUSIP: 00076BAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    612995 | PA      | $580323.78    | 0.23%             | 2037-05-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                                            | NGL Energy Operating LLC / NGL Energy Finance Corp                              | CUSIP: 62922LAD0<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |    210000 | PA      | $215680.50    | 0.09%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| UK Logisitics                                                    | UK Logistics 2025-1 DAC                                                         | CUSIP: 000000000<br>LEI: 635400LLQ82YFJBFFU27 | Long             | ABS-MBS          | CORP              | GB        |    267731 | PA      | $361819.21    | 0.15%             | 2035-05-17      | Floating      | 9.49%                 | No            |                  2 | On Loan: No      |
| DYNO NOBEL LTD                                                   | Dyno Nobel Ltd                                                                  | CUSIP: 000000000<br>LEI: 254900UW2F3BKV6Z9V18 | Long             | DBT              | CORP              | AU        |    180000 | PA      | $119847.30    | 0.05%             | 2032-11-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                           | CUSIP: 01F0206A2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1800000 | PA      | $1451923.20   | 0.59%             | 2055-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                 | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20753WAE6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    811584 | PA      | $826455.56    | 0.33%             | 2039-10-25      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| GLOBAL SWITCH FINANCE                                            | Global Switch Finance BV                                                        | CUSIP: 000000000<br>LEI: 635400GVJAKOJNEUMF33 | Long             | DBT              | CORP              | NL        |    315000 | PA      | $350404.67    | 0.14%             | 2030-10-07      | Fixed         | 1.38%                 | Yes           |                  2 | On Loan: No      |
| Lehman XS Trust                                                  | Lehman XS Trust Series 2006-12N                                                 | CUSIP: 525226AG1<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | ABS-MBS          | CORP              | US        |    369186 | PA      | $386661.63    | 0.16%             | 2046-08-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC Holdings LLC                                                                | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    117000 | PA      | $44702.19     | 0.02%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                              | COMM 2013-CCRE12 Mortgage Trust                                                 | CUSIP: 12591KAF2<br>LEI: 549300MGZ5FI5VFL1177 | Long             | ABS-MBS          | CORP              | US        |    659198 | PA      | $12.20        | 0.00%             | 2046-10-10      | Variable      | 0.66%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                                          | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              |  | US        |     55000 | PA      | $56087.35     | 0.02%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | PURCHASED USD / SOLD AUD                                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-13528.03    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                                 | AMC Networks Inc                                                                | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    120000 | PA      | $126564.00    | 0.05%             | 2029-01-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| CRSNT Trust                                                      | CRSNT Trust 2021-MOON                                                           | CUSIP: 22877LAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    620000 | PA      | $611041.68    | 0.25%             | 2036-04-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                              | Elevance Health Inc                                                             | CUSIP: 036752BK8<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    425000 | PA      | $422156.75    | 0.17%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATL GAS TRANSMISSION                                            | National Gas Transmission PLC                                                   | CUSIP: 000000000<br>LEI: FPCHGTHKVH9ZWXS7S453 | Long             | DBT              | CORP              | GB        |    215000 | PA      | $264834.31    | 0.11%             | 2030-04-05      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                 | RALI Series 2007-QS3 Trust                                                      | CUSIP: 75116BAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6012711 | PA      | $88006.24     | 0.04%             | 2037-02-25      | Variable      | 0.36%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO III Ltd                                              | Elmwood CLO III Ltd                                                             | CUSIP: 29002JAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $487936.00    | 0.20%             | 2037-07-18      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MASTR Alternative Loans Trust                                    | MASTR Alternative Loan Trust 2006-2                                             | CUSIP: 5764342J2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5879175 | PA      | $344754.23    | 0.14%             | 2036-03-25      | Floating      | 2.83%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                       | AMSR 2021-SFR3 Trust                                                            | CUSIP: 00180UAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    620000 | PA      | $607604.03    | 0.25%             | 2038-10-17      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                           | CHL Mortgage Pass-Through Trust 2004-HYB4                                       | CUSIP: 12669FW25<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     57676 | PA      | $14579.17     | 0.01%             | 2034-09-20      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| LXP INDUSTRIAL TRUST                                             | LXP Industrial Trust                                                            | CUSIP: 529043AE1<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              |  | US        |    275000 | PA      | $251262.00    | 0.10%             | 2030-09-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Trust                                 | IndyMac INDX Mortgage Loan Trust 2004-AR6                                       | CUSIP: 45660NX83<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    199035 | PA      | $190397.27    | 0.08%             | 2034-10-25      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Bombardier Capital Mortgage Securitization Corp.                 | BCMSC Trust 2000-A                                                              | CUSIP: 09774XBQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3316690 | PA      | $237096.60    | 0.10%             | 2030-06-15      | Variable      | 8.29%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                         | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $199509.20    | 0.08%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac REMICS                                                              | CUSIP: 3137HLMB5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    377825 | PA      | $364203.79    | 0.15%             | 2055-06-25      | Floating      | 3.97%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                            | Westlake Automobile Receivables Trust 2024-1                                    | CUSIP: 96043RAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $613722.36    | 0.25%             | 2029-10-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Nomura Asset Acceptance Corporation                              | Nomura Asset Acceptance Corp Alternative Loan Trust Series 2006-AR1             | CUSIP: 65535VRY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     99128 | PA      | $64565.57     | 0.03%             | 2036-02-25      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| Medina Valley Independent School District                        | MEDINA VLY TX INDEP SCH DIST                                                    | CUSIP: 584887WW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91411.02     | 0.04%             | 2050-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GSAMP Trust                                                      | GSAMP Trust 2007-NC1                                                            | CUSIP: 3622MGAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2083510 | PA      | $1034275.97   | 0.42%             | 2046-12-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418EJ68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1742951 | PA      | $1699133.93   | 0.69%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                      | PURCHASED EUR / SOLD USD                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | XX        |         1 | NC      | $-629.56      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                                  | Fannie Mae Interest Strip                                                       | CUSIP: 31424UGV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3244820 | PA      | $423773.89    | 0.17%             | 2052-10-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                                          | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AK5<br>LEI: N/A                  | Long             | DBT              |  | US        |    345000 | PA      | $354811.80    | 0.14%             | 2028-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                         | Venture Global Calcasieu Pass LLC                                               | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     93000 | PA      | $89159.10     | 0.04%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| INTELSAT EMERGENCE SA                                            | INTELSAT EMERGENCE SA                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |      9093 | NS      | $5092.08      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LA FRANCAISE DES JEUX SA                                         | La Francaise des Jeux SACA                                                      | CUSIP: 000000000<br>LEI: 969500R4CLSQFTYYI535 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $115651.70    | 0.05%             | 2033-11-21      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                         | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                          | CUSIP: 03969AAR1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    280000 | PA      | $112072.80    | 0.05%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                               | Bausch + Lomb Corp                                                              | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |     70000 | PA      | $73084.20     | 0.03%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                          | American Electric Power Co Inc                                                  | CUSIP: 02557TAE9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    755000 | PA      | $752787.85    | 0.30%             | 2056-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                    | UBS Commercial Mortgage Trust 2017-C5                                           | CUSIP: 90276TAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4215039 | PA      | $67878.15     | 0.03%             | 2050-11-15      | Variable      | 1.24%                 | No            |                  2 | On Loan: No      |
| GREAT CAN GAMING/RAPTOR                                          | Great Canadian Gaming Corp/Raptor LLC                                           | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | XX        |     95000 | PA      | $93997.75     | 0.04%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                          | VZ Secured Financing BV                                                         | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    615000 | PA      | $556907.10    | 0.22%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM                                         | Amcor Flexibles North America Inc                                               | CUSIP: 02344AAF5<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |    365000 | PA      | $369321.60    | 0.15%             | 2028-03-17      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitization Trust                           | Residential Asset Securitization Trust 2005-A15                                 | CUSIP: 45660L4F3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    935234 | PA      | $251370.16    | 0.10%             | 2036-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Citimortgage Alternative Loan Trust                              | CitiMortgage Alternative Loan Trust Series 2006-A3                              | CUSIP: 17309KAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    452736 | PA      | $399168.13    | 0.16%             | 2036-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WORLDLINE SA/FRANCE                                              | Worldline SA/France                                                             | CUSIP: 000000000<br>LEI: 549300CJMQNCA0U4TS33 | Long             | DBT              | CORP              | FR        |    234264 | PA      | $262377.96    | 0.11%             | 2026-07-30      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| INVITATION HOMES OP                                              | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAA0<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              |  | US        |     95000 | PA      | $82217.75     | 0.03%             | 2031-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418EHK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    972580 | PA      | $948279.87    | 0.38%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                        | CUSIP: 38384YEE7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2464807 | PA      | $198823.82    | 0.08%             | 2054-10-20      | Floating      | 1.11%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                       | US Bancorp                                                                      | CUSIP: 91159HJR2<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15813.00     | 0.01%             | 2035-01-23      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| FirstKey Homes 2021-SFR3 Trust                                   | FirstKey Homes 2021-SFR3 Trust                                                  | CUSIP: 33768JAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1173000 | PA      | $1141898.37   | 0.46%             | 2038-12-17      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitization Trust                           | Residential Asset Securitization Trust 2007-A5                                  | CUSIP: 76114HAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1031631 | PA      | $162198.96    | 0.07%             | 2037-05-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                 | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137BLN38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    144423 | PA      | $14.44        | 0.00%             | 2043-10-25      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| COOF Securitization Trust II                                     | COOF Securitization Trust II Series 2015-2                                      | CUSIP: 12593RAA6<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |   1424438 | PA      | $87016.49     | 0.04%             | 2041-08-25      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | Wells Fargo & Co                                                                | CUSIP: 95000U2S1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    955000 | PA      | $928412.80    | 0.38%             | 2028-06-02      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | PURCHASED USD / SOLD EUR                                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $388.26       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CIM Trust                                                        | CIM Trust 2019-R1                                                               | CUSIP: 12555VAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    535583 | PA      | $500417.49    | 0.20%             | 2058-10-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| OREGON TOOL INC                                                  | Oregon Tool Inc 2025 2nd Lien Term Loan                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    238833 | PA      | $186349.24    | 0.08%             | 2029-10-15      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFO MGMT                                          | Iron Mountain Information Management Services Inc                               | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    420000 | PA      | $404968.20    | 0.16%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BCPE FLAVOR DEBT/ISSUER                                          | BCPE Flavor Debt Merger Sub LLC and BCPE Flavor Issuer Inc                      | CUSIP: 072933AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $199004.10    | 0.08%             | 2032-07-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Vita Scientia                                                    | Vita Scientia 2022-1 DAC                                                        | CUSIP: 000000000<br>LEI: 635400JHBEHLCY2DZM20 | Long             | ABS-MBS          | CORP              | IE        |   1500000 | PA      | $1748450.76   | 0.71%             | 2033-02-27      | Floating      | 4.51%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                         | Madison Park Funding XLV Ltd                                                    | CUSIP: 55820BAW7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    625000 | PA      | $626071.25    | 0.25%             | 2034-07-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| MODIVCARE INC                                                    | MODIVCARE INC 2025 DIP TERM LOAN                                                | CUSIP: 000000000<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |     41936 | PA      | $41516.64     | 0.02%             | 2026-02-22      | Floating      | 11.14%                | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                    | JP Morgan Chase Commercial Mortgage Securities Trust 2011-C3                    | CUSIP: 46635TAR3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  47117770 | PA      | $318082.64    | 0.13%             | 2046-02-15      | Variable      | 0.49%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                 | RALI Series 2006-QS7 Trust                                                      | CUSIP: 748940AB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    223230 | PA      | $179169.09    | 0.07%             | 2036-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                          | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GXM1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1267044.00   | 0.51%             | 2026-12-09      | Fixed         | 1.09%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                           | SLM Student Loan Trust 2008-7                                                   | CUSIP: 78445FAE5<br>LEI: 54930067BGNOZYMNWK87 | Long             | ABS-O            | CORP              | US        |    305000 | PA      | $303470.82    | 0.12%             | 2083-07-26      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                          | Frontier Communications Holdings LLC                                            | CUSIP: 35908MAE0<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    465000 | PA      | $491532.90    | 0.20%             | 2031-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Oakwood Mortgage Investors Inc.                                  | Oakwood Mortgage Investors Inc                                                  | CUSIP: 67087TBW0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    681680 | PA      | $89735.66     | 0.04%             | 2030-07-15      | Variable      | 7.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DQTB2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1202038 | PA      | $1138220.79   | 0.46%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                          | HCA Inc                                                                         | CUSIP: 197677AJ6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    235000 | PA      | $248731.05    | 0.10%             | 2027-12-01      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418EE63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1829867 | PA      | $1784714.21   | 0.72%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                               | Energy Transfer LP                                                              | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    634000 | PA      | $636567.70    | 0.26%             | 2028-02-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                           | Philip Morris International Inc                                                 | CUSIP: 000000000<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    125000 | PA      | $146215.50    | 0.06%             | 2029-06-06      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust                      | Bear Stearns ARM Trust 2003-7                                                   | CUSIP: 07384MYZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    134447 | PA      | $122696.33    | 0.05%             | 2033-10-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp                                                   | Air Lease Corp                                                                  | CUSIP: 00912XAY0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118327.20    | 0.05%             | 2027-12-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| VONOVIA SE                                                       | Vonovia SE                                                                      | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $158100.92    | 0.06%             | 2041-06-14      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| Knock Issuer Trust 2025-1                                        | Knock Issuer Trust 2025-1                                                       | CUSIP: 49917PAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    495000 | PA      | $500638.15    | 0.20%             | 2030-02-25      | Fixed         | 7.12%                 | No            |                  3 | On Loan: No      |
| Citibank NA                                                      | PURCHASED USD / SOLD GBP                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $8709.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE                                           | Alliant Energy Finance LLC                                                      | CUSIP: 01882YAD8<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |    535000 | PA      | $495115.75    | 0.20%             | 2032-03-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| SCG Hotel Issuer Inc                                             | SCG Commercial Mortgage Trust 2025-FLWR                                         | CUSIP: 78438AAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $501682.30    | 0.20%             | 2042-08-15      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| RINGCENTRAL INC                                                  | RingCentral Inc                                                                 | CUSIP: 76680RAJ6<br>LEI: 549300C8EH0H1614VE84 | Long             | DBT              | CORP              | US        |    115000 | PA      | $122587.70    | 0.05%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch First Franklin Mortgage Loan Trust                 | Merrill Lynch First Franklin Mortgage Loan Trust Series 2007-3                  | CUSIP: 59024VAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    347499 | PA      | $347962.45    | 0.14%             | 2037-06-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| VT TOPCO INC                                                     | VT Topco Inc                                                                    | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |    170000 | PA      | $173775.70    | 0.07%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                 | RALI Series 2005-QA8 Trust                                                      | CUSIP: 761118BS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    268720 | PA      | $136465.60    | 0.06%             | 2035-07-25      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing and Securitization                  | C-BASS Mortgage Loan Trust 2007-CB2                                             | CUSIP: 1248MBAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    671395 | PA      | $392735.63    | 0.16%             | 2037-02-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                            | Foundry JV Holdco LLC                                                           | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72748.20     | 0.03%             | 2031-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Banc of America Alternative Loan Trust                           | Banc of America Alternative Loan Trust 2005-10                                  | CUSIP: 05948KQ85<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    219489 | PA      | $191376.70    | 0.08%             | 2035-11-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| ELIA GROUP SA/NV                                                 | Elia Group SA/NV                                                                | CUSIP: 000000000<br>LEI: 549300S1MP1NFDIKT460 | Long             | DBT              | CORP              | BE        |    100000 | PA      | $120347.00    | 0.05%             | 2031-06-11      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                              | Altice Financing SA                                                             | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    125000 | PA      | $94037.50     | 0.04%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                                  | Star Parent Inc                                                                 | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    375000 | PA      | $397470.00    | 0.16%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| 1211 Avenue of the Americas Trust                                | 1211 Avenue of the Americas Trust 2015-1211                                     | CUSIP: 90117PAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    680000 | PA      | $618715.00    | 0.25%             | 2035-08-10      | Variable      | 4.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac REMICS                                                              | CUSIP: 3137H7R88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1823415 | PA      | $132882.10    | 0.05%             | 2050-12-25      | Floating      | 1.69%                 | No            |                  2 | On Loan: No      |
| Carrington Mortgage Loan Trust                                   | Carrington Mortgage Loan Trust Series 2007-RFC1                                 | CUSIP: 144526AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    630653 | PA      | $620011.10    | 0.25%             | 2036-12-25      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| SMRT                                                             | SMRT 2022-MINI                                                                  | CUSIP: 78457JAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    246000 | PA      | $240225.03    | 0.10%             | 2039-01-15      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| BXHPP TRUST                                                      | BXHPP Trust 2021-FILM                                                           | CUSIP: 05609JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    430000 | PA      | $393755.56    | 0.16%             | 2036-08-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| bmo sba coof trust                                               | BMO SBA COOF Trust 2019-1                                                       | CUSIP: 05588XAA4<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |   2955856 | PA      | $133357.28    | 0.05%             | 2045-10-25      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Ginnie Mae II Pool                                                              | CUSIP: 36180AB85<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1247055 | PA      | $1211739.59   | 0.49%             | 2054-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust                                   | Long Beach Mortgage Loan Trust 2004-4                                           | CUSIP: 542514HT4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    245905 | PA      | $239059.28    | 0.10%             | 2034-10-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                       | Grifols SA                                                                      | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    203000 | PA      | $251810.79    | 0.10%             | 2030-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certificates                            | CWABS Asset-Backed Certificates Trust 2007-13                                   | CUSIP: 126698AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    342348 | PA      | $320862.57    | 0.13%             | 2047-10-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Carrington Mortgage Loan Trust                                   | Carrington Mortgage Loan Trust Series 2006-NC4                                  | CUSIP: 14453MAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1087407.75   | 0.44%             | 2036-10-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| OT MIDCO LTD                                                     | OT Midco Ltd                                                                    | CUSIP: 68877AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $203832.00    | 0.08%             | 2030-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust                      | Bear Stearns ARM Trust 2007-4                                                   | CUSIP: 07401CAV5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    474812 | PA      | $418275.31    | 0.17%             | 2047-06-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DWE66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1172470 | PA      | $1142994.77   | 0.46%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Conseco Finance Securitizations Corp.                            | Conseco Finance Securitizations Corp                                            | CUSIP: 20846QAM0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1175501 | PA      | $306747.53    | 0.12%             | 2030-06-01      | Variable      | 7.36%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | Bank of America Corp                                                            | CUSIP: 06051GKA6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    145000 | PA      | $128639.65    | 0.05%             | 2032-07-21      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                       | AMSR 2022-SFR1 Trust                                                            | CUSIP: 00179WAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $846694.01    | 0.34%             | 2039-03-17      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mortgage Securities                   | Credit Suisse First Boston Mortgage Securities Corp                             | CUSIP: 225470RS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    948046 | PA      | $205809.21    | 0.08%             | 2036-01-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                              | Citigroup Commercial Mortgage Trust 2014-GC21                                   | CUSIP: 17322MAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4710600 | PA      | $122.48       | 0.00%             | 2047-05-10      | Variable      | 1.28%                 | No            |                  2 | On Loan: No      |
| TIF Funding II LLC                                               | TIF Funding II LLC                                                              | CUSIP: 872480AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    944350 | PA      | $862854.68    | 0.35%             | 2046-02-20      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Fremont Home Loan Trust                                          | Fremont Home Loan Trust 2005-A                                                  | CUSIP: 35729PHP8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1432275 | PA      | $1314995.55   | 0.53%             | 2035-01-25      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                   | Carvana Auto Receivables Trust 2023-P1                                          | CUSIP: 14688EAH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4400 | PA      | $287764.81    | 0.12%             | 2030-03-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                                   | CFMT 2024-NR1 LLC                                                               | CUSIP: 12531DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    776935 | PA      | $784663.47    | 0.32%             | 2029-11-25      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                             | Las Vegas Sands Corp                                                            | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    490000 | PA      | $501172.00    | 0.20%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| WAMU Asset-Backed Certificates                                   | WaMu Asset-Backed Certificates WaMu Series 2007-HE1 Trust                       | CUSIP: 933631AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1423416 | PA      | $649221.46    | 0.26%             | 2037-01-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                            | Panama Government International Bonds                                           | CUSIP: 698299BT0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $207550.00    | 0.08%             | 2035-02-14      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Flexential Issuer, LLC                                           | Flexential Issuer 2021-1                                                        | CUSIP: 33938MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260000 | PA      | $252537.40    | 0.10%             | 2051-11-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC                                                 | Getty Images Inc                                                                | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    125000 | PA      | $119455.00    | 0.05%             | 2030-02-21      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                                 | Freddie Mac Strips                                                              | CUSIP: 3142G6FR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1274216 | PA      | $177355.63    | 0.07%             | 2052-03-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | Bank of America Corp                                                            | CUSIP: 06051GJQ3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    460000 | PA      | $454677.80    | 0.18%             | 2027-03-11      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                        | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C22                     | CUSIP: 61690FAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1288058 | PA      | $17.39        | 0.00%             | 2048-04-15      | Variable      | 0.69%                 | No            |                  2 | On Loan: No      |
| BXP Trust                                                        | BXP Trust 2017-GM                                                               | CUSIP: 056083AL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    575000 | PA      | $554062.64    | 0.22%             | 2039-06-13      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                                     | State Street Institutional U.S. Government Money Market Fund                    | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   1182544 | NS      | $1182543.79   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                         | RHP Hotel Properties LP / RHP Finance Corp                                      | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              |  | US        |    125000 | PA      | $128710.00    | 0.05%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT INC                                                    | Open Text Holdings Inc                                                          | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $250052.40    | 0.10%             | 2031-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                   | Carvana Auto Receivables Trust 2021-N3                                          | CUSIP: 14687GAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2200 | PA      | $151612.51    | 0.06%             | 2028-06-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                       | Progress Residential 2021-SFR9 Trust                                            | CUSIP: 74333QAJ4<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   1707000 | PA      | $1594159.45   | 0.64%             | 2040-11-17      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| ROLLINS INC                                                      | Rollins Inc                                                                     | CUSIP: 775711AC8<br>LEI: 549300F2A0BXT4SGWD84 | Long             | DBT              | CORP              | US        |    370000 | PA      | $376545.30    | 0.15%             | 2035-02-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                            | Tenet Healthcare Corp                                                           | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    490000 | PA      | $489740.30    | 0.20%             | 2027-11-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC                             | PRET 2025-NPL6 LLC                                                              | CUSIP: 740936AA7<br>LEI: 2549004EWBYQ3J21FL07 | Long             | ABS-O            | CORP              | US        |    672536 | PA      | $676364.25    | 0.27%             | 2055-06-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                                           | Mosaic Solar Loan Trust 2021-2                                                  | CUSIP: 61946RAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1150000 | PA      | $68451.45     | 0.03%             | 2047-04-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                        | CUSIP: 38384D6P7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    226176 | PA      | $198324.44    | 0.08%             | 2053-11-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                                      | Extended Stay America Trust 2021-ESH                                            | CUSIP: 30227FAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    548129 | PA      | $549387.64    | 0.22%             | 2038-07-15      | Floating      | 7.96%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | PURCHASED USD / SOLD GBP                                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-706.73      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                             | Cross 2024-H7 Mortgage Trust                                                    | CUSIP: 22757CAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    570000 | PA      | $574190.30    | 0.23%             | 2069-11-25      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                          | HCA Inc                                                                         | CUSIP: 404121AJ4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103201.00    | 0.04%             | 2028-09-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                           | CUSIP: 01F0426A6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1650000 | PA      | $1600735.13   | 0.65%             | 2055-10-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BCRED CLO LLC                                                    | BCRED CLO 2023-1 LLC                                                            | CUSIP: 055978AA8<br>LEI: 2549001W2Y6F50VEZG93 | Long             | ABS-CBDO         | CORP              | US        |    850000 | PA      | $852181.95    | 0.34%             | 2036-01-20      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac REMICS                                                              | CUSIP: 3137HLPB2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2265816 | PA      | $138104.49    | 0.06%             | 2055-06-25      | Floating      | 0.69%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                            | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    328000 | PA      | $349238.00    | 0.14%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Boca Commercial Mortgage Trust                                   | BOCA Commercial Mortgage Trust 2024-BOCA                                        | CUSIP: 096817AG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    620000 | PA      | $625627.86    | 0.25%             | 2041-08-15      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| OPTION CARE HEALTH INC                                           | Option Care Health Inc                                                          | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |    275000 | PA      | $266120.25    | 0.11%             | 2029-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                           | SLM Student Loan Trust 2005-9                                                   | CUSIP: 78442GRC2<br>LEI: SCSW2GRYW6ZPGKE5DL61 | Long             | ABS-O            | CORP              | US        |    286988 | PA      | $271926.62    | 0.11%             | 2041-01-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                                          | Central Garden & Pet Co                                                         | CUSIP: 153527AP1<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |    100000 | PA      | $93496.00     | 0.04%             | 2031-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418EJN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1405892 | PA      | $1190634.28   | 0.48%             | 2052-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac REMICS                                                              | CUSIP: 3137HMVM9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1467937 | PA      | $150810.79    | 0.06%             | 2055-09-25      | Floating      | 1.54%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Ginnie Mae                                                                      | CUSIP: 21H0406A6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2725000 | PA      | $2563028.73   | 1.04%             | 2055-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                                | Citigroup Mortgage Loan Trust 2005-8                                            | CUSIP: 17307GE20<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    288698 | PA      | $229220.66    | 0.09%             | 2035-10-25      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                           | US ULTRA BOND CBT DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -71 | NC      | $-226452.37   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| GGAM FINANCE LTD                                                 | GGAM Finance Ltd                                                                | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    117000 | PA      | $124122.96    | 0.05%             | 2028-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                        | CUSIP: 38378KGP8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4774508 | PA      | $2204.39      | 0.00%             | 2055-02-16      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                          | Kodiak Gas Services LLC                                                         | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254632.50    | 0.10%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                         | JP Morgan Mortgage Trust 2004-A6                                                | CUSIP: 466247HA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140260 | PA      | $140063.03    | 0.06%             | 2034-12-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DWEJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1440598 | PA      | $1363892.83   | 0.55%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                       | Verus Securitization Trust 2023-7                                               | CUSIP: 92539YAE2<br>LEI: 213800W65K5FH3AI2J91 | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $659432.15    | 0.27%             | 2068-10-25      | Variable      | 7.89%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                        | CUSIP: 38376G3C2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1558570 | PA      | $15.59        | 0.00%             | 2051-09-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                            | CUSIP: 6499022E2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    903339 | PA      | $922808.80    | 0.37%             | 2033-03-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac REMICS                                                              | CUSIP: 31396JM36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    830405 | PA      | $44035.21     | 0.02%             | 2036-03-15      | Floating      | 1.14%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                          | Colombia Government International Bonds                                         | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $210196.00    | 0.08%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                              | New Residential Mortgage Loan Trust 2022-NQM2                                   | CUSIP: 64831MAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    930000 | PA      | $760232.69    | 0.31%             | 2062-03-27      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Rithm Capital Corp                                               | Rithm Capital Corp                                                              | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               |  | US        |     55339 | NS      | $630311.21    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                             | Bank of America Corp                                                            | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    395000 | PA      | $388841.95    | 0.16%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                           | AmeriGas Partners LP / AmeriGas Finance Corp                                    | CUSIP: 030981AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $204295.65    | 0.08%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                            | CUSIP: 64990KHB2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    170000 | PA      | $175708.43    | 0.07%             | 2054-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                                          | Global Partners LP / GLP Finance Corp                                           | CUSIP: 37954FAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $278181.75    | 0.11%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DIGITAL DUTCH FINCO BV                                           | Digital Dutch Finco BV                                                          | CUSIP: 000000000<br>LEI: 549300ONZ5IS6B6IMJ70 | Long             | DBT              |  | NL        |    135000 | PA      | $157614.53    | 0.06%             | 2035-03-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| VCAT Asset Securitization, LLC                                   | VCAT 2025-NPL1 LLC                                                              | CUSIP: 921962AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    562963 | PA      | $564589.80    | 0.23%             | 2055-01-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| GCAT                                                             | GCAT 2021-NQM6 Trust                                                            | CUSIP: 36167KAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    865775 | PA      | $792679.17    | 0.32%             | 2066-08-25      | Variable      | 1.86%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                       | Intel Corp                                                                      | CUSIP: 458140BU3<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    205000 | PA      | $179311.45    | 0.07%             | 2031-08-12      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                 | RALI Series 2006-QS1 Trust                                                      | CUSIP: 761118SB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    175785 | PA      | $138388.67    | 0.06%             | 2036-01-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                                   | OPAL BIDCO                                                                      | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |     60000 | PA      | $61500.00     | 0.02%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KEDRION SPA                                                      | Kedrion SpA                                                                     | CUSIP: 49272YAB9<br>LEI: 81560047FA58E1BEDF67 | Long             | DBT              | CORP              | IT        |    415000 | PA      | $410617.60    | 0.17%             | 2029-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Lehman XS Trust                                                  | Lehman XS Trust Series 2006-10N                                                 | CUSIP: 525229AE0<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | ABS-MBS          | CORP              | US        |    310170 | PA      | $302326.83    | 0.12%             | 2046-07-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Santander Consumer Auto Receivables Trust                        | Santander Consumer Auto Receivables Trust 2021-B                                | CUSIP: 802824AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5000 | PA      | $1402274.48   | 0.57%             | 2029-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                   | Carvana Auto Receivables Trust 2022-N1                                          | CUSIP: 14686GAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4700 | PA      | $216257.82    | 0.09%             | 2028-12-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                | CUSIP: 3133KPW79<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    705248 | PA      | $667587.83    | 0.27%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                 | Berry Global Inc                                                                | CUSIP: 08576PAQ4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31264.80     | 0.01%             | 2034-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                   | Carvana Auto Receivables Trust 2020-P1                                          | CUSIP: 14687AAK4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2000 | PA      | $150610.68    | 0.06%             | 2027-09-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac REMICS                                                              | CUSIP: 3137HLVW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    379787 | PA      | $358616.20    | 0.14%             | 2055-06-25      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                           | AmeriGas Partners LP / AmeriGas Finance Corp                                    | CUSIP: 030981AM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    271000 | PA      | $278850.87    | 0.11%             | 2028-06-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| GRAND CANYON UNIVERSITY                                          | Grand Canyon University                                                         | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $245997.50    | 0.10%             | 2028-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HLDGS LLC                                          | Sotera Health Holdings LLC                                                      | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |    120000 | PA      | $126046.80    | 0.05%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                            | HUB International Ltd                                                           | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    104000 | PA      | $108599.92    | 0.04%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                    | Citigroup Inc                                                                   | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    135000 | PA      | $139374.00    | 0.06%             | 2030-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WF-RBS Commercial Mortgage Trust                                 | WFRBS Commercial Mortgage Trust 2013-C14                                        | CUSIP: 92890PAL8<br>LEI: 549300GADFYEKC4OLM57 | Long             | ABS-MBS          | CORP              | US        |    119084 | PA      | $1.02         | 0.00%             | 2046-06-15      | Variable      | 0.46%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                        | CUSIP: 38378XDR9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2016728 | PA      | $9932.18      | 0.00%             | 2055-05-16      | Variable      | 0.19%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                                                    | Cable One Inc                                                                   | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |    305000 | PA      | $258804.70    | 0.10%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                           | Cloud Software Group Inc                                                        | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     95000 | PA      | $98506.45     | 0.04%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                           | SLM Student Loan Trust 2007-7                                                   | CUSIP: 78444EAE9<br>LEI: 549300IZGFDRVV7YTH38 | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $151657.37    | 0.06%             | 2070-10-27      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                       | AMSR 2025-SFR1 Trust                                                            | CUSIP: 00182MAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $638501.64    | 0.26%             | 2042-06-17      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                | HSBC Holdings PLC                                                               | CUSIP: 404280CK3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     55000 | PA      | $49802.50     | 0.02%             | 2031-08-18      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                | Post Holdings Inc                                                               | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    505000 | PA      | $487718.90    | 0.20%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Ace Securities Corp.                                             | ACE Securities Corp Home Equity Loan Trust Series 2007-ASAP1                    | CUSIP: 00442JAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1105120 | PA      | $450479.44    | 0.18%             | 2037-03-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Mortgage Funding Trust                              | Bear Stearns Mortgage Funding Trust 2007-AR3                                    | CUSIP: 07401VAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  21721581 | PA      | $429556.21    | 0.17%             | 2037-03-25      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                      | RCKT Mortgage Trust 2024-CES8                                                   | CUSIP: 749421AF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $713049.12    | 0.29%             | 2044-11-25      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                       | Humana Inc                                                                      | CUSIP: 444859CD2<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203870.00    | 0.08%             | 2035-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                            | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     38000 | PA      | $40069.10     | 0.02%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | Bank of America Corp                                                            | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137674.60    | 0.06%             | 2027-01-27      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                           | CUSIP: 01F0406A0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1650000 | PA      | $1555414.58   | 0.63%             | 2055-10-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                   | Fannie Mae-Aces                                                                 | CUSIP: 3136B7HP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7900000 | PA      | $149371.62    | 0.06%             | 2029-03-25      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                                 | Vmed O2 UK Financing I PLC                                                      | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    271000 | PA      | $255000.16    | 0.10%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                                      | Hertz Vehicle Financing III LLC                                                 | CUSIP: 42806MCJ6<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    365000 | PA      | $370120.59    | 0.15%             | 2027-06-25      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust                      | Bear Stearns ARM Trust 2005-9                                                   | CUSIP: 07387AEG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     74179 | PA      | $71033.80     | 0.03%             | 2035-10-25      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                         | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $181932.30    | 0.07%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE                                                | Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp                    | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $252395.00    | 0.10%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                      | Oracle Corp                                                                     | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250447.50    | 0.10%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                              | Citigroup Commercial Mortgage Trust 2015-GC35                                   | CUSIP: 17324KAV0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3280812 | PA      | $2813.62      | 0.00%             | 2048-11-10      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                           | CUSIP: 01F0306A1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1425000 | PA      | $1252008.56   | 0.51%             | 2055-10-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Securitized Asset Backed Receivables LLC Trust                   | Securitized Asset Backed Receivables LLC Trust 2007-NC2                         | CUSIP: 81378GAD0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | ABS-O            | CORP              | US        |   1494000 | PA      | $1059367.46   | 0.43%             | 2037-01-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORP                                             | JetBlue 2020-1 Class A Pass Through Trust                                       | CUSIP: 477164AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    564427 | PA      | $532401.30    | 0.22%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY CORP                                              | Alliant Energy Corp                                                             | CUSIP: 018802AF5<br>LEI: 5493009ML300G373MZ12 | Long             | DBT              | CORP              | US        |    505000 | PA      | $505984.75    | 0.20%             | 2056-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| QUEENSLAND TREASURY CORP                                         | Queensland Treasury Corp                                                        | CUSIP: 000000000<br>LEI: 98INKCEEHOU5YJS0HQ88 | Long             | DBT              | NUSS              | AU        |    335000 | PA      | $220449.28    | 0.09%             | 2038-08-13      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Backed Securities Trust                   | Merrill Lynch Mortgage Backed Securities Trust Series 2007-2                    | CUSIP: 59025GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     78394 | PA      | $67449.39     | 0.03%             | 2036-08-25      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                                 | Freddie Mac Strips                                                              | CUSIP: 31325YBW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3267696 | PA      | $434753.40    | 0.18%             | 2052-03-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Stratus CLO                                                      | Stratus CLO 2021-3 Ltd                                                          | CUSIP: 86315XAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $75.38        | 0.00%             | 2029-12-29      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                 | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137BPCS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    690000 | PA      | $7088.92      | 0.00%             | 2029-03-25      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| Structured Receivables Finance LLC                               | Structured Receivables Finance 2010-B LLC                                       | CUSIP: 86365LAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    255476 | PA      | $260322.85    | 0.11%             | 2036-08-15      | Fixed         | 7.97%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                    | Citigroup Inc                                                                   | CUSIP: 172967NE7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    515000 | PA      | $457495.10    | 0.18%             | 2032-11-03      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| GCAT                                                             | GCAT 2025-NQM4 Trust                                                            | CUSIP: 367923AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    560000 | PA      | $565569.82    | 0.23%             | 2070-06-25      | Variable      | 7.21%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | PURCHASED EUR / SOLD USD                                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | XX        |         1 | NC      | $-194.64      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                      | PURCHASED USD / SOLD EUR                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $15757.57     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                 | RALI Series 2006-QS13 Trust                                                     | CUSIP: 75115DAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1674309 | PA      | $228125.60    | 0.09%             | 2036-09-25      | Floating      | 2.89%                 | No            |                  2 | On Loan: No      |
| AMCOR GROUP FINANCE                                              | Amcor Group Finance PLC                                                         | CUSIP: 02344BAA4<br>LEI: 2549008XHB8M1L64J275 | Long             | DBT              | CORP              | GB        |    225000 | PA      | $232591.50    | 0.09%             | 2029-05-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                 | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20754RAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    475000 | PA      | $493292.16    | 0.20%             | 2041-10-25      | Floating      | 10.36%                | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust                           | Merrill Lynch Mortgage Investors Trust Series 2006-RM2                          | CUSIP: 590216AA5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | ABS-O            | CORP              | US        |   3682212 | PA      | $1028806.77   | 0.42%             | 2037-05-25      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                         | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |      8000 | PA      | $6390.72      | 0.00%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                           | SLM Student Loan Trust 2008-6                                                   | CUSIP: 78445CAE2<br>LEI: 549300JQFJDGC1WO7674 | Long             | ABS-O            | CORP              | US        |    225000 | PA      | $227971.85    | 0.09%             | 2083-07-26      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                                   | Open Text Corp                                                                  | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    580000 | PA      | $603919.20    | 0.24%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| FRTKL                                                            | FRTKL 2021-SFR1                                                                 | CUSIP: 30322DAN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1015000 | PA      | $984921.08    | 0.40%             | 2038-09-17      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                               | Alternative Loan Trust 2005-46CB                                                | CUSIP: 12668ABD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450506 | PA      | $308126.54    | 0.12%             | 2035-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                                         | Ferrellgas LP / Ferrellgas Finance Corp                                         | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $321260.55    | 0.13%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                           | CUSIP: 01F0326A7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4600000 | PA      | $4205257.90   | 1.70%             | 2055-10-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Oakwood Mortgage Investors Inc.                                  | Oakwood Mortgage Investors Inc                                                  | CUSIP: 67087TCL3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1671028 | PA      | $109183.98    | 0.04%             | 2031-06-15      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Asset Backed Securities Trust                       | Bear Stearns Asset Backed Securities I Trust 2005-AC6                           | CUSIP: 073879L55<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    227286 | PA      | $219739.24    | 0.09%             | 2035-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| SMRT                                                             | SMRT 2022-MINI                                                                  | CUSIP: 78457JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    510000 | PA      | $507813.38    | 0.21%             | 2039-01-15      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | Bank of America Corp                                                            | CUSIP: 06051GKJ7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    120000 | PA      | $117562.80    | 0.05%             | 2028-02-04      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                         | Benchmark 2020-IG3 Mortgage Trust                                               | CUSIP: 08162QBE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    555000 | PA      | $513871.34    | 0.21%             | 2048-09-15      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                         | Avolon Holdings Funding Ltd                                                     | CUSIP: 05401AAR2<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    179000 | PA      | $172224.85    | 0.07%             | 2027-11-18      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                        | CUSIP: 38378XLU3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    952254 | PA      | $25010.38     | 0.01%             | 2054-11-16      | Variable      | 0.87%                 | No            |                  2 | On Loan: No      |
| Vericrest Opportunity Loan Transferee                            | VOLT CIII LLC                                                                   | CUSIP: 92873JAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    399885 | PA      | $400426.34    | 0.16%             | 2051-08-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                               | EFMT 2025-NQM1                                                                  | CUSIP: 26846CAE6<br>LEI: 254900QTMZ2ZHRYMFA85 | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $704585.28    | 0.28%             | 2070-01-25      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                            | Wells Fargo Commercial Mortgage Trust 2018-C47                                  | CUSIP: 95002DBR9<br>LEI: 549300VHRKFNCWVN9Y77 | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $748005.68    | 0.30%             | 2061-09-15      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| NEW S WALES TREASURY CRP                                         | New South Wales Treasury Corp                                                   | CUSIP: 000000000<br>LEI: TC7LRO17HPNPLTAV0H77 | Long             | DBT              | NUSS              | AU        |    965000 | PA      | $642162.95    | 0.26%             | 2038-02-24      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                         | Virgin Media Secured Finance PLC                                                | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    140000 | PA      | $138397.00    | 0.06%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust                      | MF1 2021-FL6 Ltd                                                                | CUSIP: 55283TAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    530000 | PA      | $529933.75    | 0.21%             | 2036-07-16      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing and Securitization                  | Credit-Based Asset Servicing and Securitization LLC                             | CUSIP: 12498NAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1634909 | PA      | $1330534.59   | 0.54%             | 2036-12-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                               | Energy Transfer LP                                                              | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |     70993 | NS      | $1218239.88   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| LOAN PARTICIPATION 2                                             | LOAN PARTICIPATION 2                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    926821 | PA      | $926820.82    | 0.37%             | 2027-12-19      | Variable      | 3.14%                 | No            |                  3 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                         | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668CS9<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71829.10     | 0.03%             | 2035-03-27      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Corporation                              | Banc of America Funding 2006-3 Trust                                            | CUSIP: 058931AW6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     76478 | PA      | $65148.32     | 0.03%             | 2036-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                 | Berry Global Inc                                                                | CUSIP: 08576PAH4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    323000 | PA      | $320315.87    | 0.13%             | 2026-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac REMICS                                                              | CUSIP: 31397TTP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     67195 | PA      | $6828.79      | 0.00%             | 2038-06-15      | Floating      | 1.76%                 | No            |                  2 | On Loan: No      |
| DSLA Mortgage Loan Trust                                         | DSLA Mortgage Loan Trust 2006-AR2                                               | CUSIP: 23332QAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    298580 | PA      | $200590.99    | 0.08%             | 2036-10-19      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| ASX Clear (Futures)                                              | AUST 3YR BOND FUT DEC25                                                         | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |        -7 | NC      | $1799.25      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                         | American Airlines Inc/AAdvantage Loyalty IP Ltd                                 | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    150000 | PA      | $150684.00    | 0.06%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | Wells Fargo & Co                                                                | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    305000 | PA      | $283976.35    | 0.11%             | 2033-03-02      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140XGX46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    312864 | PA      | $253466.03    | 0.10%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                                         | Albion Financing 1 SARL / Aggreko Holdings Inc                                  | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    240000 | PA      | $248563.20    | 0.10%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Oakwood Mortgage Investors Inc.                                  | Oakwood Mortgage Investors Inc                                                  | CUSIP: 67087TBC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1717630 | PA      | $211703.04    | 0.09%             | 2029-09-15      | Variable      | 8.15%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing and Securitization                  | Securitized Asset Backed Receivables LLC Trust 2006-CB1                         | CUSIP: 81375WHH2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | ABS-O            | CORP              | US        |    865690 | PA      | $745644.18    | 0.30%             | 2036-01-25      | Variable      | 2.82%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                            | Icahn Enterprises LP / Icahn Enterprises Finance Corp                           | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     49000 | PA      | $49309.68     | 0.02%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                              | Altice Financing SA                                                             | CUSIP: 02154CAJ2<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    230000 | PA      | $207673.90    | 0.08%             | 2027-07-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                 | Berry Global Inc                                                                | CUSIP: 08576PAF8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    149000 | PA      | $144357.16    | 0.06%             | 2027-01-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO Ltd                                             | New Mountain CLO 8 Ltd                                                          | CUSIP: 64755HAB1<br>LEI: 254900PW0IZ6YH8P9I85 | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $496020.00    | 0.20%             | 2038-10-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                          | Imperial Brands Finance PLC                                                     | CUSIP: 45262BAJ2<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $503605.00    | 0.20%             | 2028-06-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LINEAGE OP LP                                                    | Lineage OP LP                                                                   | CUSIP: 53567YAA7<br>LEI: 254900CSRDL1G4SRQE89 | Long             | DBT              |  | US        |    230000 | PA      | $233247.60    | 0.09%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MODIVCARE INC                                                    | Modivcare Inc 2025 Incremental Term Loan                                        | CUSIP: 60783LAD2<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |    173389 | PA      | $78025.02     | 0.03%             | 2026-01-12      | Floating      | 13.78%                | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                 | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137FPJQ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6789264 | PA      | $75495.26     | 0.03%             | 2027-06-25      | Variable      | 1.34%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                           | US 5YR NOTE (CBT) DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       222 | NC      | $-1416.89     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Gracechurch Mortgage Finance Plc                                 | Grace Trust 2020-GRCE                                                           | CUSIP: 38406JAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    376000 | PA      | $295623.08    | 0.12%             | 2040-12-10      | Variable      | 2.77%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                  | CVS Health Corp                                                                 | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46907.50     | 0.02%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| One New York Plaza Trust 2020-1NYP                               | One New York Plaza Trust 2020-1NYP                                              | CUSIP: 68249DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    390000 | PA      | $383939.48    | 0.16%             | 2036-01-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                     | GS Mortgage Securities Trust 2016-GS2                                           | CUSIP: 36252TAT2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3643057 | PA      | $4602.27      | 0.00%             | 2049-05-10      | Variable      | 1.86%                 | No            |                  2 | On Loan: No      |
| Structured Adjustable Rate Mortgage Loan Trust                   | Structured Adjustable Rate Mortgage Loan Trust                                  | CUSIP: 863579ZE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     77134 | PA      | $71598.16     | 0.03%             | 2035-10-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                      | PURCHASED USD / SOLD GBP                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $13468.25     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SLC Student Loan Trust                                           | SLC Student Loan Trust 2004-1                                                   | CUSIP: 784423AH8<br>LEI: 25490083RPF52FIUZ551 | Long             | ABS-O            | CORP              | US        |    154462 | PA      | $136415.47    | 0.06%             | 2031-08-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Taubman Centers Commercial Mortgage Trust                        | TCO Commercial Mortgage Trust 2024-DPM                                          | CUSIP: 87231EAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $503072.00    | 0.20%             | 2039-12-15      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac REMICS                                                              | CUSIP: 3137HLK35<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    381271 | PA      | $371159.54    | 0.15%             | 2055-06-25      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                           | CHL Mortgage Pass-Through Trust 2006-HYB2                                       | CUSIP: 126694C63<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    497847 | PA      | $375887.21    | 0.15%             | 2036-04-20      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                 | RALI Series 2006-QS6 Trust                                                      | CUSIP: 74922EAV1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2192938 | PA      | $57263.98     | 0.02%             | 2036-06-25      | Variable      | 0.77%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                                           | Mosaic Solar Loan Trust 2021-1                                                  | CUSIP: 61947DAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    950000 | PA      | $147556.85    | 0.06%             | 2046-12-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO Ltd                                             | New Mountain CLO 8 Ltd                                                          | CUSIP: 64755HAE5<br>LEI: 254900PW0IZ6YH8P9I85 | Long             | ABS-CBDO         | CORP              | KY        |     60000 | PA      | $0.01         | 0.00%             | 2038-10-20      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Eaton Vance CDO Ltd                                              | Eaton Vance CLO 2013-1 Ltd                                                      | CUSIP: 27830BCG7<br>LEI: 5493001O5CL3BBUIEH94 | Long             | ABS-CBDO         | CORP              | KY        |    475000 | PA      | $479808.90    | 0.19%             | 2038-10-15      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                    | JPMCC Commercial Mortgage Securities Trust 2017-JP5                             | CUSIP: 46647TAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8917813 | PA      | $78401.85     | 0.03%             | 2050-03-15      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                         | Sinclair Television Group Inc                                                   | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    195000 | PA      | $200890.95    | 0.08%             | 2033-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                            | Athene Global Funding                                                           | CUSIP: 04685A3L3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    135000 | PA      | $132626.70    | 0.05%             | 2027-03-08      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Bonds                                                             | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     31000 | PA      | $31113.83     | 0.01%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                           | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAE5<br>LEI: N/A                  | Long             | DBT              |  | US        |      7000 | PA      | $6771.38      | 0.00%             | 2030-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| First Franklin Mtg Loan Asset Backed Certificates                | First Franklin Mortgage Loan Trust 2006-FF13                                    | CUSIP: 30247DAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    530335 | PA      | $350021.54    | 0.14%             | 2036-10-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| CLEARWATER PAPER CORP                                            | Clearwater Paper Corp                                                           | CUSIP: 18538RAJ2<br>LEI: 549300HCVV19GXN4P292 | Long             | DBT              | CORP              | US        |    125000 | PA      | $117706.25    | 0.05%             | 2028-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Trust                                 | IndyMac INDX Mortgage Loan Trust 2006-AR9                                       | CUSIP: 45661EGC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    415030 | PA      | $222511.21    | 0.09%             | 2036-06-25      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                      | RCKT Mortgage Trust 2024-CES6                                                   | CUSIP: 749410AD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $807275.20    | 0.33%             | 2044-09-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                         | Neuberger Berman Loan Advisers Clo 56 Ltd                                       | CUSIP: 64135UAC1<br>LEI: 2549001742TZTUKJHB13 | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $512703.10    | 0.21%             | 2037-07-24      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Park Avenue Trust                                                | 245 Park Avenue Trust 2017-245P                                                 | CUSIP: 90187LAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $617987.83    | 0.25%             | 2037-06-05      | Variable      | 3.78%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                     | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                                      | CUSIP: 64972JPT9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    380000 | PA      | $396084.64    | 0.16%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                        | CUSIP: 38373M8V5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4358384 | PA      | $43.58        | 0.00%             | 2049-10-16      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                           | SLM Student Loan Trust 2004-2                                                   | CUSIP: 78442GLB0<br>LEI: 549300Y3YMECZJOAL893 | Long             | ABS-O            | CORP              | US        |    136863 | PA      | $130704.19    | 0.05%             | 2039-07-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Residential Funding Mtg Sec I                                    | RFMSI Series 2006-S9 Trust                                                      | CUSIP: 749577AP7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13813882 | PA      | $149807.41    | 0.06%             | 2036-09-25      | Variable      | 0.33%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                                         | Archrock Partners LP / Archrock Partners Finance Corp                           | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $256725.00    | 0.10%             | 2032-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac REMICS                                                              | CUSIP: 3137HLT85<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    118033 | PA      | $113983.86    | 0.05%             | 2055-06-25      | Floating      | 3.97%                 | No            |                  2 | On Loan: No      |
| BANIJAY ENTERTAINMENT                                            | Banijay Entertainment SAS                                                       | CUSIP: 060335AB2<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $208208.00    | 0.08%             | 2029-05-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                                 | Altria Group Inc                                                                | CUSIP: 02209SBS1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    195000 | PA      | $198235.05    | 0.08%             | 2028-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Together Asset Backed Securitisation                             | Together Asset Backed Securitisation 14 2025-1ST1 PLC                           | CUSIP: 000000000<br>LEI: 213800ATT519H28VFU67 | Long             | ABS-MBS          | CORP              | GB        |    500000 | PA      | $680385.65    | 0.27%             | 2066-08-15      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                                 | CSC Holdings LLC                                                                | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    409000 | PA      | $302545.48    | 0.12%             | 2029-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TransDigm Inc                                                                   | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    260000 | PA      | $262997.80    | 0.11%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| 280 Park Avenue Mortgage Trust                                   | 280 Park Avenue 2017-280P Mortgage Trust                                        | CUSIP: 90205FAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    490000 | PA      | $481521.24    | 0.19%             | 2034-09-15      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing and Securitization                  | C-BASS Mortgage Loan Trust 2007-CB3                                             | CUSIP: 17311YAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1056155 | PA      | $369376.66    | 0.15%             | 2037-03-25      | Variable      | 3.27%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                                                | Hyatt Hotels Corp                                                               | CUSIP: 448579AU6<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    310000 | PA      | $315108.80    | 0.13%             | 2028-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Madison Avenue Trust                                             | Eleven Madison Trust 2015-11MD Mortgage Trust                                   | CUSIP: 556227AJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    625000 | PA      | $620502.25    | 0.25%             | 2035-09-10      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                                          | Central Garden & Pet Co                                                         | CUSIP: 153527AN6<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |     24000 | PA      | $22846.56     | 0.01%             | 2030-10-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Aimco                                                            | AIMCO CLO 24 Ltd                                                                | CUSIP: 00092QAE1<br>LEI: 254900THVAKUZYK59M09 | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $459813.00    | 0.19%             | 2038-04-19      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN ASSETS TRUST LP                                         | American Assets Trust LP                                                        | CUSIP: 02401LAA2<br>LEI: 549300V1TI0SMG9Z6U69 | Long             | DBT              |  | US        |    275000 | PA      | $249873.25    | 0.10%             | 2031-02-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN IV                                                | Teva Pharmaceutical Finance Netherlands IV BV                                   | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |     58000 | PA      | $59875.14     | 0.02%             | 2030-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                        | CIM TRUST 2025-R1                                                               | CUSIP: 12575LAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    702723 | PA      | $699396.90    | 0.28%             | 2099-02-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                                | PRPM 2024-RPL2 LLC                                                              | CUSIP: 69381DAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $837444.69    | 0.34%             | 2054-05-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                            | Icahn Enterprises LP / Icahn Enterprises Finance Corp                           | CUSIP: 451102CJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    244000 | PA      | $235706.44    | 0.10%             | 2030-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                            | Palmer Square CLO 2024-3 Ltd                                                    | CUSIP: 69688HAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    625000 | PA      | $541656.88    | 0.22%             | 2037-07-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Manhattan West                                                   | Manhattan West 2020-1MW Mortgage Trust                                          | CUSIP: 563136AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    695000 | PA      | $662727.12    | 0.27%             | 2039-09-10      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| SMRT                                                             | SMRT 2022-MINI                                                                  | CUSIP: 78457JAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1005000 | PA      | $997211.65    | 0.40%             | 2039-01-15      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                                         | Hudson Pacific Properties LP                                                    | CUSIP: 44409MAD8<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |      5000 | PA      | $4936.50      | 0.00%             | 2028-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD                                         | Transocean Titan Financing Ltd                                                  | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    136810 | PA      | $140649.77    | 0.06%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                           | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAL9<br>LEI: N/A                  | Long             | DBT              |  | US        |     50000 | PA      | $48854.50     | 0.02%             | 2029-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HEATHROW FUNDING LTD                                             | Heathrow Funding Ltd                                                            | CUSIP: 000000000<br>LEI: 7TI96JO3DYEIQWZ7Z726 | Long             | DBT              | CORP              | JE        |    130000 | PA      | $138452.57    | 0.06%             | 2030-10-08      | Fixed         | 1.13%                 | Yes           |                  2 | On Loan: No      |
| Bear Mountain Park CLO, Ltd                                      | Bear Mountain Park CLO Ltd                                                      | CUSIP: 07403CAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    625000 | PA      | $627335.00    | 0.25%             | 2037-07-15      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust                                                   | PMT Loan Trust 2024-INV1                                                        | CUSIP: 73015BBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    686413 | PA      | $692880.46    | 0.28%             | 2059-10-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD                           | Goldentree Loan Management US Clo 11 Ltd                                        | CUSIP: 38138KAL4<br>LEI: 549300TMEEKUOKVHYV65 | Long             | ABS-CBDO         | CORP              | KY        |    625000 | PA      | $625027.50    | 0.25%             | 2034-10-20      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc                                       | Verizon Communications Inc                                                      | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     15224 | NS      | $669094.80    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Student Loan Trust                                           | SLM Student Loan Trust 2008-4                                                   | CUSIP: 78445AAE6<br>LEI: 549300EQOYJZL2D96G46 | Long             | ABS-O            | CORP              | US        |    515000 | PA      | $528931.01    | 0.21%             | 2073-04-25      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust                                                 | Hilton USA Trust 2016-HHV                                                       | CUSIP: 43300LAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1341000 | PA      | $1304440.18   | 0.53%             | 2038-11-05      | Variable      | 4.33%                 | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Trust                                 | IndyMac INDX Mortgage Loan Trust 2007-AR5                                       | CUSIP: 45669EAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    525954 | PA      | $422742.21    | 0.17%             | 2037-05-25      | Variable      | 3.34%                 | No            |                  2 | On Loan: No      |
| HSI Asset Loan Obligation                                        | HSI Asset Loan Obligation Trust 2007-2                                          | CUSIP: 40432BAR0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    262291 | PA      | $189627.18    | 0.08%             | 2037-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | Bank of America Corp                                                            | CUSIP: 06051GJP5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     45000 | PA      | $41032.35     | 0.02%             | 2032-03-11      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Oakwood Mortgage Investors Inc.                                  | Oakwood Mortgage Investors Inc                                                  | CUSIP: 67087TAU5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    441254 | PA      | $184045.61    | 0.07%             | 2030-03-15      | Variable      | 7.61%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multiclass Certificates                              | Freddie Mac Multifamily PC REMIC Trust 2019-P002                                | CUSIP: 3137FQKX0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1295000 | PA      | $69801.02     | 0.03%             | 2033-07-25      | Variable      | 1.14%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                     | Centene Corp                                                                    | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    248000 | PA      | $221702.08    | 0.09%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                           | CHL Mortgage Pass-Through Trust 2006-14                                         | CUSIP: 12670AAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5447021 | PA      | $18683.28     | 0.01%             | 2036-09-25      | Variable      | 0.14%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Ginnie Mae                                                                      | CUSIP: 21H0526A1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3950000 | PA      | $3979783.00   | 1.61%             | 2054-10-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Serenity-Peace Park CLO LTD                                      | Serenity-Peace Park Clo Ltd                                                     | CUSIP: 81750HAC8<br>LEI: 3912001A818O0ZP8HP89 | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $499234.80    | 0.20%             | 2038-10-24      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| MFT Trust                                                        | MFT 2020-B6 Mortgage Trust                                                      | CUSIP: 55316TAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    220000 | PA      | $144234.07    | 0.06%             | 2040-08-10      | Variable      | 3.39%                 | No            |                  2 | On Loan: No      |
| TCW Central Cash Fund                                            | TCW Central Cash Fund                                                           | CUSIP: 872365671<br>LEI: 2549003KPNUIFJCJM366 | Long             | EC               | RF                | US        |   3766318 | NS      | $3766318.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| GSR Mortgage Loan Trust                                          | GSR Mortgage Loan Trust 2005-AR3                                                | CUSIP: 36242D4W0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | ABS-MBS          | CORP              | US        |    110248 | PA      | $81876.35     | 0.03%             | 2035-05-25      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                       | Grifols SA                                                                      | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    259000 | PA      | $251649.58    | 0.10%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNITED UTILITIES WAT FIN                                         | United Utilities Water Finance PLC                                              | CUSIP: 000000000<br>LEI: 213800313INX42GDLR44 | Long             | DBT              | CORP              | GB        |    115000 | PA      | $135591.15    | 0.05%             | 2034-05-23      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DWEK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    543181 | PA      | $529693.56    | 0.21%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC NATIONAL FINANCE                                         | Pacific National Finance Pty Ltd                                                | CUSIP: 000000000<br>LEI: 213800SSTRDXLWWVF948 | Long             | DBT              | CORP              | AU        |    280000 | PA      | $172613.45    | 0.07%             | 2029-09-24      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                           | SLM Student Loan Trust 2007-6                                                   | CUSIP: 78444CAF0<br>LEI: 549300DP3T6QDZHB8271 | Long             | ABS-O            | CORP              | US        |     72472 | PA      | $68317.08     | 0.03%             | 2043-04-27      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                         | JP Morgan Mortgage Trust 2007-S2                                                | CUSIP: 46630WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    146910 | PA      | $44597.59     | 0.02%             | 2037-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                 | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137FG7J8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    565982 | PA      | $43.92        | 0.00%             | 2046-05-25      | Variable      | 3.34%                 | No            |                  2 | On Loan: No      |
| OREGON TOOL LUX LP                                               | Oregon Tool Lux LP                                                              | CUSIP: 68610BAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    228735 | PA      | $80681.70     | 0.03%             | 2029-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTL HLDINGS NE                                         | Mondelez International Holdings Netherlands BV                                  | CUSIP: 000000000<br>LEI: 549300CW356R8I7N8D33 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $102913.53    | 0.04%             | 2031-10-01      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                               | EFMT 2025-CES1                                                                  | CUSIP: 26846VAG9<br>LEI: 254900QTMZ2ZHRYMFA85 | Long             | ABS-MBS          | CORP              | US        |    670000 | PA      | $681315.76    | 0.28%             | 2060-01-25      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                                         | Ajax Mortgage Loan Trust 2021-D                                                 | CUSIP: 009723AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    662521 | PA      | $662692.42    | 0.27%             | 2060-03-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                         | Snap Inc                                                                        | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204752.00    | 0.08%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Consolidated Communications LLC, Fidium Fiber Finance Holdco LLC | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC                 | CUSIP: 209031AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    245000 | PA      | $251428.31    | 0.10%             | 2055-05-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | Morgan Stanley                                                                  | CUSIP: 61747YED3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    410000 | PA      | $362308.80    | 0.15%             | 2032-07-21      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| HOA Funding LLC                                                  | HOA Funding LLC - HOA                                                           | CUSIP: 40390GAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    581627 | PA      | $119234.52    | 0.05%             | 2051-08-20      | Fixed         | 4.72%                 | No            |                  3 | On Loan: No      |
| TRANSOCEAN INC                                                   | Transocean International Ltd                                                    | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     75000 | PA      | $78946.50     | 0.03%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                                         | Raven Acquisition Holdings LLC                                                  | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $179996.25    | 0.07%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                                         | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                      | CUSIP: 46590XAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    540000 | PA      | $510553.80    | 0.21%             | 2031-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                 | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20754KAJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    650000 | PA      | $677992.38    | 0.27%             | 2041-11-25      | Floating      | 10.56%                | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMorgan Chase & Co                                                             | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1231267.65   | 0.50%             | 2027-02-04      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| SFO Commerical Mortgage Trust                                    | SFO Commercial Mortgage Trust 2021-555                                          | CUSIP: 78432WAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    550000 | PA      | $546489.96    | 0.22%             | 2038-05-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Structured Asset Mortgage Investments Inc                        | Structured Asset Mortgage Investments II Trust 2006-AR4                         | CUSIP: 86360QAM7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    469869 | PA      | $384318.91    | 0.16%             | 2036-06-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                         | Angel Oak Mortgage Trust 2024-11                                                | CUSIP: 03463QAD8<br>LEI: 2549009VFCBSE99NTJ29 | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $763065.30    | 0.31%             | 2069-08-25      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4611.60      | 0.00%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                        | CUSIP: 38384YDR9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3302898 | PA      | $201715.09    | 0.08%             | 2054-10-20      | Floating      | 1.06%                 | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Trust                                 | IndyMac INDX Mortgage Loan Trust 2007-FLX2                                      | CUSIP: 45668RAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1082137 | PA      | $971093.12    | 0.39%             | 2037-04-25      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                                  | Fannie Mae Interest Strip                                                       | CUSIP: 31423XZ61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3725168 | PA      | $487194.17    | 0.20%             | 2052-10-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS                                          | TransMontaigne Partners LLC                                                     | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $125240.40    | 0.05%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | Venture Global LNG Inc                                                          | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    363000 | PA      | $359791.08    | 0.15%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                   | Fannie Mae-Aces                                                                 | CUSIP: 3136AT5H3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    579319 | PA      | $10618.76     | 0.00%             | 2039-07-25      | Variable      | 3.04%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                                         | Suburban Propane Partners LP/Suburban Energy Finance Corp                       | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $76173.60     | 0.03%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                         | Benchmark 2019-B14 Mortgage Trust                                               | CUSIP: 08162YBM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    535000 | PA      | $14022.56     | 0.01%             | 2062-12-15      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                                                  | Israel Government International Bond                                            | CUSIP: 46514Y8A8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    200000 | PA      | $206296.00    | 0.08%             | 2030-02-19      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                                 | CIFC Funding 2022-II Ltd                                                        | CUSIP: 12567VAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    685000 | PA      | $480125.41    | 0.19%             | 2035-04-19      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                         | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    130000 | PA      | $129025.00    | 0.05%             | 2028-01-23      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                                           | Penn Entertainment Inc                                                          | CUSIP: 707569AS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $165031.35    | 0.07%             | 2027-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                 | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137BP7A1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7643487 | PA      | $13628.34     | 0.01%             | 2026-03-25      | Variable      | 1.14%                 | 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        |     96000 | PA      | $100825.92    | 0.04%             | 2031-04-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                       | Verus Securitization Trust 2023-5                                               | CUSIP: 924934AE2<br>LEI: 984500BADC7CFE3B0756 | Long             | ABS-MBS          | CORP              | US        |    760000 | PA      | $766615.72    | 0.31%             | 2068-06-25      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                           | US 2YR NOTE (CBT) DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -130 | NC      | $-6189.57     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Citibank NA                                                      | PURCHASED USD / SOLD GBP                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $4454.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                   | Sabre GLBL Inc                                                                  | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77771.20     | 0.03%             | 2030-07-15      | Fixed         | 11.13%                | No            |                  2 | On Loan: No      |
| MASTR Alternative Loans Trust                                    | MASTR Alternative Loan Trust 2007-HF1                                           | CUSIP: 55291YAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1046089 | PA      | $409887.58    | 0.17%             | 2047-10-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMorgan Chase & Co                                                             | CUSIP: 46647PER3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90818.10     | 0.04%             | 2035-10-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                        | CUSIP: 38376G6L9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    633918 | PA      | $20.41        | 0.00%             | 2051-08-16      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418EJ50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1214582 | PA      | $1149535.33   | 0.46%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                           | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $286764.50    | 0.12%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                         | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BX1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $141210.30    | 0.06%             | 2032-02-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| NCFA1                                                            | NCFA1                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    756178 | PA      | $756177.99    | 0.31%             | 2028-06-12      | Fixed         | 2.75%                 | No            |                  3 | On Loan: No      |
| Elmwood CLO 17 Ltd                                               | Elmwood CLO 17 Ltd                                                              | CUSIP: 29003GAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    850000 | PA      | $571717.65    | 0.23%             | 2037-07-17      | Variable      | 6.89%                 | No            |                  2 | On Loan: No      |
| Ace Securities Corp.                                             | ACE Securities Corp Home Equity Loan Trust Series 2004-IN1                      | CUSIP: 004421FD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    271912 | PA      | $256372.06    | 0.10%             | 2034-05-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | Venture Global LNG Inc                                                          | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    111000 | PA      | $114940.50    | 0.05%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                                           | Rockford Tower CLO 2017-2 Ltd                                                   | CUSIP: 77340GAL5<br>LEI: 549300G18KVCW7VUKI86 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $800658.40    | 0.32%             | 2029-10-15      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                       | JPMBB Commercial Mortgage Securities Trust 2014-C23                             | CUSIP: 46643ABG7<br>LEI: 549300UOGMFS1M8XVM16 | Long             | ABS-MBS          | CORP              | US        |    629127 | PA      | $8.62         | 0.00%             | 2047-09-15      | Variable      | 0.49%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DWD67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2419021 | PA      | $2132392.90   | 0.86%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                    | J.P. Morgan Chase Commercial Mortgage Securities Trust 2016-NINE                | CUSIP: 46646GAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    775000 | PA      | $762404.24    | 0.31%             | 2038-09-06      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                        | CUSIP: 38378BBQ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2198288 | PA      | $21.98        | 0.00%             | 2052-05-16      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Ginnie Mae                                                                      | CUSIP: 21H0506A5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3025000 | PA      | $3009286.64   | 1.22%             | 2054-10-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES                                         | International Flavors & Fragrances Inc                                          | CUSIP: 459506AQ4<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |    725000 | PA      | $649078.00    | 0.26%             | 2030-11-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                          | Zayo Group Holdings Inc                                                         | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                         | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BV5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    198000 | PA      | $130794.84    | 0.05%             | 2051-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| DAVIDE CAMPARI-MILANO SP                                         | Davide Campari-Milano NV                                                        | CUSIP: 000000000<br>LEI: 213800ED5AN2J56N6Z02 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $113420.38    | 0.05%             | 2029-01-17      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| U.S. Bank National Association                                   | US Bank C&I Credit-Linked Notes Series 2025-2                                   | CUSIP: 90355PAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $451579.19    | 0.18%             | 2032-09-25      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| RAC BOND CO PLC                                                  | RAC Bond Co PLC                                                                 | CUSIP: 000000000<br>LEI: 2138008FCM2SUNLC7B21 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $145687.15    | 0.06%             | 2028-11-06      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| SNAP INC                                                         | Snap Inc                                                                        | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    290000 | PA      | $294080.30    | 0.12%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                                          | Global Partners LP / GLP Finance Corp                                           | CUSIP: 37954FAL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    167000 | PA      | $171450.55    | 0.07%             | 2033-07-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418FF28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1609066 | PA      | $1561582.66   | 0.63%             | 2055-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Structured Receivables Finance LLC                               | Structured Receivables Finance 2010-A LLC                                       | CUSIP: 86365FAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    288158 | PA      | $291175.83    | 0.12%             | 2046-01-16      | Fixed         | 7.61%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DWFQ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    497691 | PA      | $485102.45    | 0.20%             | 2052-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                 | GGAM Finance Ltd                                                                | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    115000 | PA      | $117781.85    | 0.05%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                                         | Windstream Services LLC / Windstream Escrow Finance Corp                        | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $243720.85    | 0.10%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | PURCHASED EUR / SOLD USD                                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | XX        |         1 | NC      | $1051.66      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures Europe - Financial Products Division                 | LONG GILT FUTURE DEC25                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |        -1 | NC      | $-351.64      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES                                         | International Flavors & Fragrances Inc                                          | CUSIP: 459506AR2<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |     15000 | PA      | $11455.50     | 0.00%             | 2040-11-15      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                                             | FirstKey Homes 2022-SFR1 Trust                                                  | CUSIP: 33768NAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1097576.92   | 0.44%             | 2039-05-19      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Goal Capital Funding Trust                                       | Goal Capital Funding Trust 2006-1                                               | CUSIP: 38021BAG5<br>LEI: 5493009VZI2B6V83UU74 | Long             | ABS-O            | CORP              | US        |     80128 | PA      | $77993.83     | 0.03%             | 2042-08-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                         | Electricite de France SA                                                        | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $118134.48    | 0.05%             | 2044-06-17      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CIM Trust                                                        | CIM Trust 2021-R5                                                               | CUSIP: 12592SAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1096000 | PA      | $755735.73    | 0.31%             | 2061-08-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| HPS Loan Management Ltd                                          | HPS Loan Management 2024-19 Ltd                                                 | CUSIP: 442924AN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $753435.75    | 0.30%             | 2037-04-15      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| EUROGRID GMBH                                                    | Eurogrid GmbH                                                                   | CUSIP: 000000000<br>LEI: 967600Q53854Z2NBCC81 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $102092.20    | 0.04%             | 2032-05-15      | Fixed         | 1.11%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Ginnie Mae                                                                      | CUSIP: 21H0426A2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1550000 | PA      | $1503481.40   | 0.61%             | 2055-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TREASURY CORP VICTORIA                                           | Treasury Corp of Victoria                                                       | CUSIP: 000000000<br>LEI: 549300ZJM7BQW1P9UV75 | Long             | DBT              | NUSS              | AU        |    330000 | PA      | $154617.41    | 0.06%             | 2037-11-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE ALT-B SECURITIES INC MORTGAGE L                         | Deutsche Alt-B Securities Inc Mortgage Loan Trust Series 2006-AB2               | CUSIP: 251511AB7<br>LEI: 5299003GGM6YEXXXJ012 | Long             | ABS-MBS          | CORP              | US        |    714758 | PA      | $660871.71    | 0.27%             | 2036-06-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                          | Zayo Group Holdings Inc                                                         | CUSIP: 98919VAC9<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    202781 | PA      | $194175.39    | 0.08%             | 2030-03-09      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC                                                | Upbound Group Inc                                                               | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |    270000 | PA      | $267027.30    | 0.11%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae REMICS                                                               | CUSIP: 31396VE20<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    573996 | PA      | $51518.88     | 0.02%             | 2037-05-25      | Floating      | 1.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                 | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20754LAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    800000 | PA      | $836197.12    | 0.34%             | 2041-12-25      | Floating      | 10.36%                | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae REMICS                                                               | CUSIP: 31396Q4H9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     89675 | PA      | $10286.83     | 0.00%             | 2039-09-25      | Floating      | 2.28%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                              | COMM 2012-LC4 Mortgage Trust                                                    | CUSIP: 126192AJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10160887 | PA      | $139.20       | 0.00%             | 2044-12-10      | Variable      | 0.60%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                                           | Mosaic Solar Loan Trust 2021-3                                                  | CUSIP: 61946TAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1600000 | PA      | $83315.20     | 0.03%             | 2052-06-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ZHENRO PROPERTIES GROUP                                          | Zhenro Properties Group Ltd                                                     | CUSIP: 000000000<br>LEI: 549300I66TVJEL841P38 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $1450.00      | 0.00%             | 2026-01-07      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| ALLO Issuer, LLC                                                 | ALLO Issuer LLC                                                                 | CUSIP: 01983KAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    880000 | PA      | $939483.78    | 0.38%             | 2053-06-20      | Fixed         | 12.18%                | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                           | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    130000 | PA      | $126218.30    | 0.05%             | 2026-09-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                        | Amgen Inc                                                                       | CUSIP: 031162DT4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59941.20     | 0.02%             | 2053-03-02      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| GCAT                                                             | GCAT 2025-NQM1 Trust                                                            | CUSIP: 36171GAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $655234.32    | 0.26%             | 2069-11-25      | Variable      | 7.10%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                        | CUSIP: 38375DLA4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    175431 | PA      | $3123.25      | 0.00%             | 2038-05-20      | Floating      | 2.15%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                        | CUSIP: 38376GXY1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4543888 | PA      | $47648.57     | 0.02%             | 2050-09-16      | Variable      | 0.30%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Asset Backed Securities Trust                       | Bear Stearns Asset Backed Securities I Trust 2006-IM1                           | CUSIP: 07387UFD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100476 | PA      | $103428.63    | 0.04%             | 2036-04-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                       | JPMBB Commercial Mortgage Securities Trust 2014-C24                             | CUSIP: 46643GAG5<br>LEI: 549300UOGMFS1M8XVM16 | Long             | ABS-MBS          | CORP              | US        |   1012892 | PA      | $23.70        | 0.00%             | 2047-11-15      | Variable      | 0.86%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                              | Sirius XM Radio LLC                                                             | CUSIP: 82967NBA5<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    600000 | PA      | $598140.00    | 0.24%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140MNMM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1287331 | PA      | $1090226.32   | 0.44%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                       | Progress Residential Trust                                                      | CUSIP: 74333HAN5<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    730000 | PA      | $718510.31    | 0.29%             | 2038-07-17      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| SLC Student Loan Trust                                           | SLC Student Loan Trust 2006-1                                                   | CUSIP: 784427AG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    161070 | PA      | $145560.39    | 0.06%             | 2055-03-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing and Securitization                  | C-BASS Mortgage Loan Trust 2007-CB2                                             | CUSIP: 1248MBAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    659653 | PA      | $385867.47    | 0.16%             | 2037-02-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| GALDERMA FINANCE EUROPE                                          | Galderma Finance Europe BV                                                      | CUSIP: 000000000<br>LEI: 7245004RN4I1ORSTHY93 | Long             | DBT              | CORP              | NL        |    210000 | PA      | $250253.80    | 0.10%             | 2030-03-20      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Arbour CLO                                                       | ARBOUR CLO VIII DAC                                                             | CUSIP: 000000000<br>LEI: 635400YH93RIIHDLXQ91 | Long             | ABS-CBDO         | CORP              | IE        |    600000 | PA      | $705192.75    | 0.28%             | 2034-10-15      | Floating      | 3.73%                 | Yes           |                  2 | On Loan: No      |
| NEWDAY FUNDING                                                   | Newday Funding Master Issuer PLC - Series 2024-2                                | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |    450000 | PA      | $619040.49    | 0.25%             | 2032-07-15      | Floating      | 7.87%                 | Yes           |                  2 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION                                         | Adtalem Global Education Inc                                                    | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |    294000 | PA      | $293747.16    | 0.12%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Partners LP                                  | Enterprise Products Partners LP                                                 | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |     21772 | NS      | $680810.44    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM INC                                                    | TransDigm Inc                                                                   | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    360000 | PA      | $365338.80    | 0.15%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| YORKSHIRE WATER FINANCE                                          | Yorkshire Water Finance PLC                                                     | CUSIP: 000000000<br>LEI: 213800O8BDOGHJMTCP32 | Long             | DBT              | CORP              | GB        |    180000 | PA      | $247346.00    | 0.10%             | 2034-11-18      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs International                                      | PURCHASED USD / SOLD AUD                                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $612.09       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                 | RALI Series 2006-QS8 Trust                                                      | CUSIP: 75115AAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    404082 | PA      | $341700.26    | 0.14%             | 2036-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                           | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc              | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $37596.40     | 0.02%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERICOLD REALTY OPER PA                                         | Americold Realty Operating Partnership LP                                       | CUSIP: 03063UAB7<br>LEI: 549300FKD9KVWNHSUU79 | Long             | DBT              |  | US        |    370000 | PA      | $374946.90    | 0.15%             | 2032-05-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | PURCHASED USD / SOLD GBP                                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $1737.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                           | SLM Student Loan Trust 2008-3                                                   | CUSIP: 78444GAD6<br>LEI: 549300OORAXMFXOHG132 | Long             | ABS-O            | CORP              | US        |    225000 | PA      | $227391.84    | 0.09%             | 2083-04-26      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                                         | Healthcare Realty Holdings LP                                                   | CUSIP: 42225UAG9<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |    130000 | PA      | $122525.00    | 0.05%             | 2030-02-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                         | BX Commercial Mortgage Trust 2025-BCAT                                          | CUSIP: 12433HAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    718714 | PA      | $722169.35    | 0.29%             | 2042-08-15      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                                         | Host Hotels & Resorts LP                                                        | CUSIP: 44107TBD7<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              |  | US        |    365000 | PA      | $376530.35    | 0.15%             | 2032-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac REMICS                                                              | CUSIP: 31397CW39<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    198758 | PA      | $21661.09     | 0.01%             | 2036-11-15      | Floating      | 2.16%                 | No            |                  2 | On Loan: No      |
| FARMERS INS EXCH                                                 | Farmers Insurance Exchange                                                      | CUSIP: 309601AE2<br>LEI: 549300UWG2TLX1GZVT44 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4228.85      | 0.00%             | 2057-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | PURCHASED USD / SOLD AUD                                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-390.35      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citimortgage Alternative Loan Trust                              | CitiMortgage Alternative Loan Trust Series 2006-A5                              | CUSIP: 18974BAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    421422 | PA      | $366458.55    | 0.15%             | 2036-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HEALTHEQUITY INC                                                 | HealthEquity Inc                                                                | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |    265000 | PA      | $257362.70    | 0.10%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                           | US 10YR ULTRA FUT DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -244 | NC      | $-342313.97   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Taurus CMBS                                                      | Taurus 2021-1 UK DAC                                                            | CUSIP: 000000000<br>LEI: 635400SG2ZVJCYHITE32 | Long             | ABS-MBS          | CORP              | IE        |    446719 | PA      | $604483.03    | 0.24%             | 2031-05-17      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac REMICS                                                              | CUSIP: 31397GWM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     42913 | PA      | $1162.19      | 0.00%             | 2037-05-15      | Floating      | 1.62%                 | No            |                  2 | On Loan: No      |
| Oakwood Mortgage Investors Inc.                                  | Oakwood Mortgage Investors Inc                                                  | CUSIP: 67087TCV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    470149 | PA      | $171987.24    | 0.07%             | 2022-09-15      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| Frost CMBS                                                       | Frost CMBS 2021-1 DAC                                                           | CUSIP: 000000000<br>LEI: 635400USRLUMX8CQN243 | Long             | ABS-MBS          | CORP              | IE        |    717679 | PA      | $838287.26    | 0.34%             | 2033-11-20      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | Bank of America Corp                                                            | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    540000 | PA      | $479703.60    | 0.19%             | 2031-10-24      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                                         | Primo Water Holdings Inc / Triton Water Holdings Inc                            | CUSIP: 74168RAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $125260.00    | 0.05%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                 | RALI Series 2007-QS6 Trust                                                      | CUSIP: 75116CCP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    131514 | PA      | $106990.16    | 0.04%             | 2037-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                            | American Homes 4 Rent LP                                                        | CUSIP: 02666TAF4<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |     40000 | PA      | $32120.40     | 0.01%             | 2052-04-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                                      | Hertz Vehicle Financing III LP                                                  | CUSIP: 42806MAH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    820000 | PA      | $802323.75    | 0.32%             | 2027-12-27      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                        | CIM Trust 2021-R4                                                               | CUSIP: 12598HAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    553284 | PA      | $520181.03    | 0.21%             | 2061-05-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                        | CUSIP: 38374NU62<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    697096 | PA      | $14312.30     | 0.01%             | 2036-11-20      | Floating      | 0.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DWDC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2244096 | PA      | $1818047.51   | 0.73%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                                             | Pilgrim's Pride Corp                                                            | CUSIP: 72147KAK4<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    700000 | PA      | $746879.00    | 0.30%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac REMICS                                                              | CUSIP: 3137HHAC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1224972 | PA      | $81808.92     | 0.03%             | 2054-11-25      | Floating      | 1.04%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DWFE8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    510205 | PA      | $482802.54    | 0.20%             | 2052-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN FINANCIAL SER                                         | Volkswagen Financial Services AG                                                | CUSIP: 000000000<br>LEI: 529900SSGT49ZZSWYE62 | Long             | DBT              | CORP              | DE        |    300000 | PA      | $357308.03    | 0.14%             | 2031-11-19      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                           | CUSIP: 01F0226A8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3675000 | PA      | $3097852.28   | 1.25%             | 2055-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                    | Citigroup Inc                                                                   | CUSIP: 172967PL9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36303.40     | 0.01%             | 2035-06-11      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| First Horizon Alternative Mortgage Securities                    | First Horizon Alternative Mortgage Securities Trust 2005-AA10                   | CUSIP: 32051GA88<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    118328 | PA      | $89643.22     | 0.04%             | 2035-12-25      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| HEATHROW FUNDING LTD                                             | Heathrow Funding Ltd                                                            | CUSIP: 000000000<br>LEI: 7TI96JO3DYEIQWZ7Z726 | Long             | DBT              | CORP              | JE        |    120000 | PA      | $140001.69    | 0.06%             | 2036-01-16      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                 | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137FMU91<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3750000 | PA      | $48096.75     | 0.02%             | 2047-05-25      | Variable      | 2.23%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMorgan Chase & Co                                                             | CUSIP: 46647PCJ3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    660000 | PA      | $626247.60    | 0.25%             | 2029-06-01      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                                           | Cogent Communications Group LLC / Cogent Finance Inc                            | CUSIP: 19240WAB5<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |    135000 | PA      | $131375.25    | 0.05%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                          | Teva Pharmaceutical Finance Netherlands III BV                                  | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    309000 | PA      | $322095.42    | 0.13%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                         | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                          | CUSIP: 03969AAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     55000 | PA      | $20940.70     | 0.01%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                                          | Bayer US Finance II LLC                                                         | CUSIP: 07274NAN3<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |    515000 | PA      | $466713.60    | 0.19%             | 2038-06-25      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PAPA JOHN'S INTERNATIONA                                         | Papa John's International Inc                                                   | CUSIP: 698813AA0<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | DBT              | CORP              | US        |    135000 | PA      | $129720.15    | 0.05%             | 2029-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BXHPP Trust                                                      | BXHPP Trust 2021-FILM                                                           | CUSIP: 05609JAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    515000 | PA      | $464408.10    | 0.19%             | 2036-08-15      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| GSC Capital Corp Mortgage Trust                                  | GSC Capital Corp Mortgage Trust 2006-2                                          | CUSIP: 362480AD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    134525 | PA      | $129542.64    | 0.05%             | 2036-05-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| MASTR Asset Backed Securities Trust                              | Mastr Asset Backed Securities Trust 2007-HE1                                    | CUSIP: 576457AD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1710456.00   | 0.69%             | 2037-05-25      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMorgan Chase & Co                                                             | CUSIP: 46647PBT2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74665.50     | 0.03%             | 2026-11-19      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing and Securitization                  | Credit-Based Asset Servicing and Securitization LLC                             | CUSIP: 12489WGJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    179288 | PA      | $174616.61    | 0.07%             | 2032-12-25      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                                         | Thermo Fisher Scientific Inc                                                    | CUSIP: 883556CE0<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    140000 | PA      | $105638.59    | 0.04%             | 2049-10-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                          | Imperial Brands Finance PLC                                                     | CUSIP: 45262BAF0<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    125000 | PA      | $129023.75    | 0.05%             | 2027-07-27      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO                                          | KazMunayGas National Co JSC                                                     | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |    200000 | PA      | $180368.00    | 0.07%             | 2033-04-14      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Brazil Government International Bonds                            | Brazil Government International Bonds                                           | CUSIP: 105756CH1<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    200000 | PA      | $204560.00    | 0.08%             | 2034-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MODIVCARE INC                                                    | ModivCare Inc                                                                   | CUSIP: 60783XAC8<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | DBT              | CORP              | US        |    537600 | PA      | $13440.00     | 0.01%             | 2029-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                              | COMM 2020-CX Mortgage Trust                                                     | CUSIP: 12656KAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    370000 | PA      | $288374.34    | 0.12%             | 2046-11-10      | Variable      | 2.77%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                                      | Rad CLO 22 Ltd                                                                  | CUSIP: 74923VAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $352698.50    | 0.14%             | 2037-01-20      | Floating      | 9.33%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                           | CUSIP: 01F0506A9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4625000 | PA      | $4587382.56   | 1.85%             | 2055-10-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                 | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20754JAC8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    550285 | PA      | $561524.90    | 0.23%             | 2039-09-25      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| Adjustable Rate Mortgage Trust                                   | Adjustable Rate Mortgage Trust 2005-4                                           | CUSIP: 007036KJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    287672 | PA      | $228405.36    | 0.09%             | 2035-08-25      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                 | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE                            | CUSIP: 650028C68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $196167.02    | 0.08%             | 2059-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TCW Private Asset Income Fund                                    | TCW Private Asset Income Fund                                                   | CUSIP: 87807Y206<br>LEI: 254900JOZ7KOHWZ5ZD02 | Long             | EC               | RF                | US        |    644332 | NS      | $6462651.89   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                       | Fannie Mae REMICS                                                               | CUSIP: 3136BTLG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4850831 | PA      | $267585.49    | 0.11%             | 2054-07-25      | Floating      | 0.99%                 | No            |                  2 | On Loan: No      |
| NXPT Commercial Mortgage Trust                                   | NXPT Commercial Mortgage Trust 2024-STOR                                        | CUSIP: 67119YAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    528000 | PA      | $535655.58    | 0.22%             | 2041-11-05      | Variable      | 6.93%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | PURCHASED USD / SOLD EUR                                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-843.13      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EZCORP INC                                                       | EZCORP Inc                                                                      | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    225000 | PA      | $240462.00    | 0.10%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Highways PLC                                                     | Highways 2021 PLC                                                               | CUSIP: 000000000<br>LEI: 635400GGBFFTA8MRIA09 | Long             | ABS-MBS          | CORP              | GB        |    425000 | PA      | $575988.05    | 0.23%             | 2031-12-18      | Floating      | 6.39%                 | Yes           |                  2 | On Loan: No      |
| SLM Student Loan Trust                                           | SLM Student Loan EDC Repackaging Trust 2013-M1                                  | CUSIP: 78447T103<br>LEI: 549300QFNKDN6MY4H751 | Long             | ABS-O            | CORP              | US        |      1000 | PA      | $199179.39    | 0.08%             | 2029-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                                         | Ferrellgas LP / Ferrellgas Finance Corp                                         | CUSIP: 315289AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $138706.40    | 0.06%             | 2026-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DWES8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    563610 | PA      | $549528.10    | 0.22%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                | EURO-BUXL 30Y BND DEC25                                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -2 | NC      | $-3950.80     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                            | Athene Global Funding                                                           | CUSIP: 04685A2Z3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    240000 | PA      | $235569.60    | 0.10%             | 2026-06-29      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                                           | GSAA Home Equity Trust 2006-13                                                  | CUSIP: 36244SAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1057487 | PA      | $292986.49    | 0.12%             | 2036-07-25      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                           | Clydesdale Acquisition Holdings Inc                                             | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121611.60    | 0.05%             | 2029-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                  | CVS Health Corp                                                                 | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    375000 | PA      | $387637.50    | 0.16%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ILPT Commercial Mortgage Trust                                   | ILPT Trust 2019-SURF                                                            | CUSIP: 44965LAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240000 | PA      | $235473.53    | 0.10%             | 2041-02-11      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                     | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                                      | CUSIP: 64972JNQ7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    110000 | PA      | $114649.26    | 0.05%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PP EUR HOLD                                           | Blackstone Property Partners Europe Holdings Sarl                               | CUSIP: 000000000<br>LEI: 213800Y3B5GQFBGVHP79 | Long             | DBT              | CORP              | LU        |    150000 | PA      | $167777.63    | 0.07%             | 2028-05-04      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| AMSR Trust                                                       | AMSR 2021-SFR2 Trust                                                            | CUSIP: 00179VAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $736617.45    | 0.30%             | 2038-08-17      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                        | CUSIP: 38380BP58<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1089143 | PA      | $214978.79    | 0.09%             | 2046-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Gracechurch Mortgage Finance Plc                                 | Grace Trust 2020-GRCE                                                           | CUSIP: 38406JAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $612115.28    | 0.25%             | 2040-12-10      | Variable      | 2.77%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                           | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAK1<br>LEI: N/A                  | Long             | DBT              |  | US        |     33000 | PA      | $32948.85     | 0.01%             | 2028-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SFAVE Commercial Mortgage Securities Trust                       | SFAVE Commercial Mortgage Securities Trust 2015-5AVE                            | CUSIP: 78413MAQ1<br>LEI: 549300FIGODFFTOAAU64 | Long             | ABS-MBS          | CORP              | US        |    880000 | PA      | $668157.16    | 0.27%             | 2043-01-05      | Variable      | 4.53%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                          | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAM8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    245000 | PA      | $251053.95    | 0.10%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Annaly Capital Management Inc                                    | Annaly Capital Management Inc                                                   | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               |  | US        |     41441 | NS      | $837522.61    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Capital Management                                      | RCKT Mortgage Trust 2024-CES7                                                   | CUSIP: 749414AK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    630000 | PA      | $641328.47    | 0.26%             | 2044-10-25      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO GAS CAPITAL                                          | Southern Co Gas Capital Corp                                                    | CUSIP: 001192AL7<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |    640000 | PA      | $639769.60    | 0.26%             | 2025-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                 | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE                            | CUSIP: 650028C35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103251.60    | 0.04%             | 2056-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                 | Berry Global Inc                                                                | CUSIP: 08576PAL5<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97731.25     | 0.04%             | 2028-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV L                                         | MajorDrive Holdings IV LLC                                                      | CUSIP: 56085RAA8<br>LEI: 25490044R1FR5N8FIT62 | Long             | DBT              | CORP              | US        |    135000 | PA      | $110857.95    | 0.04%             | 2029-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                      | Staples Inc                                                                     | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54574.30     | 0.02%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Trust                                 | IndyMac INDX Mortgage Loan Trust 2005-AR19                                      | CUSIP: 45660LXA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    349792 | PA      | $281192.21    | 0.11%             | 2035-10-25      | Variable      | 3.66%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-24

**Name of Applicant:** TCW STRATEGIC INCOME FUND INC

**Signature:** Richard Villa

**Name of Signer:** Richard Villa

**Title:** Treasurer