# EDGAR Filing Document

**Accession Number:** 0000742212
**File Stem:** 0001410368-25-029467
**Filing Date:** 2025-11
**Character Count:** 723735
**Document Hash:** f2cf70de59e99446871a7964c3d13fb8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-029467.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001410368-25-029467

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHWESTERN MUTUAL SERIES FUND INC
- **CENTRAL INDEX KEY:** 0000742212

**ORGANIZATION NAME:**
- **EIN:** 391603401
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03990
- **FILM NUMBER:** 251511981

**BUSINESS ADDRESS:**
- **STREET 1:** 720 E WISCONSIN AVE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 4142992508

**MAIL ADDRESS:**
- **STREET 1:** 720 EAST WISCONSIN AVE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NORTHWESTERN MUTUAL VARIABLE LIFE SERIES FUND INC
- **DATE OF NAME CHANGE:** 19940830

## Series and Classes Contracts Data

### Multi-Sector Bond Portfolio (Series ID: S000018235)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000050283 | Multi-Sector Bond Portfolio |  |

## Nport-Ex

Multi-Sector Bond Portfolio

SCHEDULE OF INVESTMENTS

**September 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
| Common Stocks (0.1%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Communications (0.0%)** |  |  |
|  SES SA - Contingent Value Rights \*,Æ | 9447 | 113 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **113** |
|  **Consumer, Cyclical (0.0%)** |  |  |
|  Spirit Airlines, Inc. \* | 11548 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **4** |
|  **Financials (0.1%)** |  |  |
|  ADLER Group SA \*,Æ | 1562614 | <sub></sub>– |
|  DrillCo Holding Lux SA - Class B \*,Æ,d | 2686 | 58 |
|  DrillCo Holding Lux SA - Class C \*,Æ,d | 24180 | 524 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **582** |
|  **Health Care (0.0%)** |  |  |
|  AmSurg Corp. \*,Æ,d | 9484 | 428 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **428** |
|  **Real Estate (-%)** |  |  |
|  Corestate Capital Holding SA\*,Æ,d | 421967 | –π |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **–**π |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stocks (Cost: $1,106)** |  | **1127** |
| Corporate Bonds (43.8%) |  |  |
|  **Basic Materials (0.7%)** |  |  |
|  ALROSA Finance SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 6/25/27 144A Æ,j | 8500000 | 425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 4/9/24 144A Æ,j | 500000 | 25 |
|  Celanese US Holdings LLC<br>6.879%, 7/15/32 | 500000 | 511 |
|  Cerdia Finanz GmbH<br>9.375%, 10/3/31 144A | 1300000 | 1376 |
|  GC Treasury Center Co., Ltd.<br>6.500%, (US Treasury Yield Curve Rate T Note Constant Maturity 5 year plus 2.815%), 9/10/30 144A µ,α | 1100000 | 1114 |
|  Ingevity Corp.<br>3.875%, 11/1/28 144A | 675000 | 649 |
|  MMK International Capital DAC<br>4.375%, 6/13/24 144A Æ,j | 1400000 | 70 |
|  OCP SA<br>6.700%, 3/1/36 144A | 1325000 | 1419 |
|  Olympus Water US Holding Corp.<br>4.250%, 10/1/28 144A | 1200000 | 1154 |
|  Sasol Financing USA LLC<br>6.500%, 9/27/28 | 2000000 | 1986 |
|  Vedanta Resources Finance II PLC<br>9.125%, 10/15/32 144A | 1200000 | 1200 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **9929** |
|  **Communications (4.0%)** |  |  |
|  Altice France SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 7/15/29 EUR §,∞ | 3250000 | 3289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 10/15/29 EUR §,∞ | 400000 | 407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 2/1/27 144A j | 1400000 | 1332 |
|  AT&T, Inc.<br>3.500%, 9/15/53 | 237000 | 164 |

---

---

| | | |
|:---|:---|:---|
| Corporate Bonds (43.8%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Communications continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 9/15/59 | 6663000 | 4556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 12/1/57 | 115000 | 82 |
|  Beignet Investor LLC<br>6.581%, 5/30/49 144A Æ | 4100000 | 4100 |
|  CCO Holdings LLC / CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 2/1/31 144A | 2500000 | 2303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 6/1/33 144A | 800000 | 711 |
|  Charter Communications Operating LLC / Charter Communications Operating Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, 4/1/51 | 300000 | 198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 4/1/61 | 1800000 | 1122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 3/15/28 | 1700000 | 1692 |
|  Cogent Communications Group, Inc. / Cogent Communications Finance, Inc.<br>6.500%, 7/1/32 144A | 1000000 | 972 |
|  EchoStar Corp.<br>10.750%, 11/30/29 | 700000 | 770 |
|  Level 3 Financing, Inc.<br>7.000%, 3/31/34 144A | 1100000 | 1119 |
|  NTT Finance Corp.<br>4.620%, 7/16/28 144A | 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1212 |
|  Sirius XM Radio LLC<br>4.000%, 7/15/28 144A | 400000 | 387 |
|  Snap, Inc.<br>6.875%, 3/15/34 144A | 2500000 | 2530 |
|  Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC 5.152%, 3/20/28 144A | 650000 | 652 |
|  Sunrise FinCo I BV<br>4.875%, 7/15/31 144A | 725000 | 691 |
|  Telecom Italia SpA<br>7.875%, 7/31/28 EUR §,∞ | 650000 | 852 |
|  T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 1/15/35 | 2000000 | 1964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 7/15/33 | 750000 | 766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 1/15/53 | 1000000 | 988 |
|  Uber Technologies, Inc.<br>4.800%, 9/15/34 | 1100000 | 1102 |
|  Univision Communications, Inc.<br>9.375%, 8/1/32 144A | 1200000 | 1279 |
|  Verizon Communications, Inc.<br>2.355%, 3/15/32 | 2725000 | 2390 |
|  Virgin Media Secured Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 8/15/30 GBP §,∞ | 1200000 | 1473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 1/15/30 GBP §,∞ | 3200000 | 3991 |
|  VMED O2 UK Financing I PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 1/31/29 GBP §,∞ | 3100000 | 3971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 7/15/31 GBP §,∞ | 400000 | 492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 7/15/31 144A | 1100000 | 1035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 4/15/32 144A | 800000 | 841 |
|  Vodafone Group PLC<br>7.000%, (USD 5 Year Swap Rate plus 4.873%), 4/4/79 α | 1700000 | 1796 |

---

**1** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Corporate Bonds (43.8%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Communications continued** |  |  |
|  Wayfair LLC<br>7.750%, 9/15/30 144A | 1400000 | 1468 |
|  Windstream Services LLC / Windstream Escrow Finance Corp.<br>8.250%, 10/1/31 144A | 1000000 | 1036 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **53733** |
|  **Consumer, Cyclical (4.5%)** |  |  |
|  1011778 BC ULC / New Red Finance, Inc.<br>5.625%, 9/15/29 144A | 1500000 | 1518 |
|  Advance Auto Parts, Inc.<br>7.000%, 8/1/30 144A | 1600000 | 1646 |
|  Air Canada Pass-Through Trust, Series 2020-2, Class A<br>5.250%, 10/1/30 144A | 472032 | 483 |
|  Alaska Airlines Pass-Through Trust, Series 2020-1, Class A<br>4.800%, 2/15/29 144A | 121612 | 122 |
|  Allwyn Entertainment Financing PLC<br>7.875%, 4/30/29 144A | 809000 | 839 |
|  American Airlines Pass-Through Trust, Series 2014-1, Class A<br>3.700%, 4/1/28 | 138185 | 137 |
|  American Airlines Pass-Through Trust, Series 2015-1, Class A<br>3.375%, 11/1/28 | 249760 | 246 |
|  American Airlines Pass-Through Trust, Series 2016-1, Class AA<br>3.575%, 7/15/29 | 629128 | 616 |
|  American Airlines Pass-Through Trust, Series 2017-2, Class AA<br>3.350%, 4/15/31 | 683259 | 659 |
|  American Axle & Manufacturing, Inc.<br>6.375%, 10/15/32 144A | 1100000 | 1098 |
|  American Builders & Contractors Supply Co., Inc.<br>3.875%, 11/15/29 144A | 1400000 | 1328 |
|  British Airways Pass-Through Trust, Series 2020-1, Class A<br>4.250%, 5/15/34 144A | 87098 | 85 |
|  British Airways Pass-Through Trust, Series 2021-1, Class A<br>2.900%, 9/15/36 144A | 326009 | 296 |
|  Carnival Corp.<br>4.000%, 8/1/28 144A | 3300000 | 3253 |
|  Carvana Co.<br>9.000%, 6/1/30 144A | 1225000 | 1282 |
|  Flutter Treasury DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 6/4/31 144A | 1100000 | 1117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 4/29/29 144A | 1200000 | 1239 |
|  Ford Motor Credit Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.386%, 2/17/26 EUR ∞ | 100000 | 117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 6/17/31 | 2900000 | 2638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.815%, 11/2/27 | 300000 | 293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.389%, 1/8/26 | 800000 | 800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.200%, 6/10/30 | 25000 | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.350%, 11/4/27 | 50000 | 52 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.350%, 3/6/30 | 25000 | 27 |
|  Hilton Domestic Operating Co., Inc.<br>3.625%, 2/15/32 144A | 2900000 | 2654 |

---

---

| | | |
|:---|:---|:---|
| Corporate Bonds (43.8%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Consumer, Cyclical continued** |  |  |
|  Intralot Capital Luxembourg SA<br>6.750%, 10/15/31 144A EUR ∞ | 1400000 | 1656 |
|  JetBlue Airways Corp.<br>4.000%, 5/15/34 | 634980 | 597 |
|  JetBlue Airways Corp. / JetBlue Loyalty LP<br>9.875%, 9/20/31 144A | 600000 | 609 |
|  John Lewis PLC<br>4.250%, 12/18/34 GBP §,∞ | 1200000 | 1312 |
|  Las Vegas Sands Corp.<br>3.900%, 8/8/29 | 100000 | 97 |
|  Lithia Motors, Inc.<br>5.500%, 10/1/30 144A | 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1099 |
|  Marriott International, Inc.<br>5.500%, 4/15/37 | 1400000 | 1431 |
|  Mitchells & Butlers Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.540%, (SONIO plus 0.569%), 12/15/30 GBP §,∞ | 528440 | 691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.963%, (US SOFR plus 0.712%), 12/15/30 § | 96080 | 92 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.469%, 9/15/32 GBP §,∞ | 200000 | 269 |
|  NCL Corp., Ltd.<br>5.875%, 1/15/31 144A | 700000 | 700 |
|  Nissan Motor Acceptance Corp.<br>2.000%, 3/9/26 144A | 400000 | 394 |
|  Nissan Motor Co., Ltd.<br>4.345%, 9/17/27 144A | 3500000 | 3433 |
|  Qnity Electronics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 8/15/32 144A | 300000 | 302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 8/15/33 144A | 400000 | 408 |
|  QXO Building Products, Inc.<br>6.750%, 4/30/32 144A | 1300000 | 1346 |
|  Renault SA<br>2.375%, 5/25/26 EUR §,∞ | 1200000 | 1404 |
|  Sands China, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, 3/8/27 | 400000 | 388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 8/8/31 | 1100000 | 1011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, 1/8/26 | 1700000 | 1696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 8/8/28 | 450000 | 460 |
|  Spirit Airlines Pass-Through Trust, Series 2015-1, Class A<br>4.100%, 10/1/29 | 1325174 | 1257 |
|  Spirit Loyalty Cayman, Ltd. / Spirit IP Cayman, Ltd.<br>11.000%, 3/12/30 144A Þ,j | 363635 | 154 |
|  Stellantis Finance US, Inc.<br>5.750%, 3/18/30 144A | 800000 | 814 |
|  United Airlines Pass-Through Trust, Series 2014-1, Class A<br>4.000%, 10/11/27 | 455303 | 454 |
|  United Airlines Pass-Through Trust, Series 2019-2, Class A<br>2.900%, 11/1/29 | 75088 | 71 |
|  United Airlines Pass-Through Trust, Series 2020-1, Class A<br>5.875%, 4/15/29 | 1069454 | 1099 |
|  United Airlines Pass-Through Trust, Series 2023-1, Class A<br>5.800%, 7/15/37 | 3451993 | 3570 |
|  Viking Cruises, Ltd.<br>9.125%, 7/15/31 144A | 425000 | 456 |

---

**2** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Corporate Bonds (43.8%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Consumer, Cyclical continued** |  |  |
|  WarnerMedia Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.279%, 3/15/32 | 800000 | 733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 3/15/42 | 1700000 | 1357 |
|  Wynn Resorts Finance LLC / Wynn Resorts Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 10/1/29 144A | 800000 | 801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 3/15/33 144A | 1700000 | 1726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 2/15/31 144A | 1000000 | 1076 |
|  ZF Finance GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 5/25/27 EUR §,∞ | 1500000 | 1725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 9/21/28 EUR §,∞ | 2000000 | 2267 |
|  ZF North America Capital, Inc.<br>7.500%, 3/24/31 144A | 1625000 | 1614 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **61141** |
|  **Consumer, Non-cyclical (5.3%)** |  |  |
|  1261229 BC, Ltd.<br>10.000%, 4/15/32 144A | 575000 | 589 |
|  Abertis Infraestructuras SA<br>3.375%, 11/27/26 GBP §,∞ | 600000 | 796 |
|  Amgen, Inc.<br>5.650%, 3/2/53 | 1000000 | 997 |
|  Ashtead Capital, Inc.<br>5.800%, 4/15/34 144A | 1000000 | 1048 |
|  Bacardi, Ltd.<br>4.700%, 5/15/28 144A | 1300000 | 1311 |
|  Bausch & Lomb Corp.<br>8.375%, 10/1/28 144A | 700000 | 730 |
|  Bayer US Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 11/21/26 144A | 2100000 | 2136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 11/21/30 144A | 350000 | 374 |
|  Belron UK Finance PLC<br>5.750%, 10/15/29 144A | 500000 | 507 |
|  Block, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 8/15/30 144A | 900000 | 912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 5/15/32 | 2700000 | 2795 |
|  Boost Newco Borrower LLC<br>7.500%, 1/15/31 144A | 2000000 | 2122 |
|  Boparan Finance PLC<br>9.375%, 11/7/29 144A GBP ∞ | 1200000 | 1682 |
|  Cencora, Inc.<br>3.625%, 5/22/32 EUR ∞ | 875000 | 1039 |
|  Centene Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 3/1/31 | 1000000 | 861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 12/15/27 | 200000 | 196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 12/15/29 | 1989000 | 1928 |
|  Cheplapharm Arzneimittel GmbH<br>7.500%, 5/15/30 EUR §,∞ | 600000 | 728 |
|  CHS / Community Health Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 1/15/29 144A | 700000 | 680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 1/15/34 144A | 1500000 | 1537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.875%, 1/15/32 144A | 500000 | 530 |
|  Constellation Brands, Inc.<br>3.700%, 12/6/26 | 200000 | 199 |
|  Coty, Inc. / HFC Prestige Products, Inc. / HFC Prestige International US LLC<br>6.625%, 7/15/30 144A | 2300000 | 2350 |
|  CVS Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.704%, 1/10/36 144A | 298428 | 286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.926%, 1/10/34 144A | 480753 | 489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.507%, 1/10/32 144A | 45006 | 48 |

---

---

| | | |
|:---|:---|:---|
| Corporate Bonds (43.8%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Consumer, Non-cyclical continued** |  |  |
|  DCLI Bidco LLC<br>7.750%, 11/15/29 144A | 1300000 | 1352 |
|  Elevance Health, Inc.<br>4.750%, 2/15/33 | 900000 | 903 |
|  Flora Food Management BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 7/2/29 144A EUR ∞ | 200000 | 235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 7/2/29 EUR §,∞ | 1200000 | 1408 |
|  Froneri Lux FinCo SARL<br>4.750%, 8/1/32 144A EUR ∞ | 1200000 | 1421 |
|  Global Medical Response, Inc.<br>7.375%, 10/1/32 144A | 900000 | 926 |
|  HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 3/15/52 | 300000 | 248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 6/1/28 | 1750000 | 1792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 3/1/30 | 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 4/1/31 | 1200000 | 1247 |
|  ION Platform Finance US, Inc.<br>7.875%, 9/30/32 144A | 1000000 | 993 |
|  IQVIA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 5/15/28 | 1700000 | 1754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 6/1/32 144A | 1400000 | 1439 |
|  Kraft Heinz Foods Co.<br>4.375%, 6/1/46 | 1500000 | 1248 |
|  LifePoint Health, Inc.<br>11.000%, 10/15/30 144A | 500000 | 551 |
|  Mars, Inc.<br>5.000%, 3/1/32 144A | 800000 | 819 |
|  Medline Borrower LP / Medline Co-Issuer, Inc.<br>6.250%, 4/1/29 144A | 2000000 | 2051 |
|  Mundys SpA<br>1.875%, 2/12/28 EUR §,∞ | 4800000 | 5500 |
|  Nexi SpA<br>2.125%, 4/30/29 EUR §,∞ | 2425000 | 2750 |
|  Nidda Healthcare Holding GmbH<br>5.625%, 2/21/30 EUR §,∞ | 1300000 | 1568 |
|  Organon & Co. / Organon Foreign Debt Co-Issuer BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 4/30/28 EUR §,∞ | 1300000 | 1486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 4/30/28 144A | 2000000 | 1932 |
|  Perrigo Finance Unlimited Co.<br>4.900%, 6/15/30 | 200000 | 195 |
|  Picard Groupe SAS<br>6.375%, 7/1/29 EUR §,∞ | 900000 | 1106 |
|  Post Holdings, Inc.<br>5.500%, 12/15/29 144A | 1700000 | 1693 |
|  Prime Security Services Borrower LLC / Prime Finance, Inc.<br>3.375%, 8/31/27 144A | 1350000 | 1312 |
|  Primo Water Holdings, Inc. / Triton Water Holdings, Inc.<br>6.250%, 4/1/29 144A | 1600000 | 1599 |
|  Raven Acquisition Holdings LLC<br>6.875%, 11/15/31 144A | 2300000 | 2364 |
|  Sartorius Finance BV<br>4.500%, 9/14/32 EUR §,∞ | 2000000 | 2470 |
|  Star Parent, Inc.<br>9.000%, 10/1/30 144A | 1300000 | 1374 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **71845** |

---

**3** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Corporate Bonds (43.8%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Energy (8.5%)** |  |  |
|  Aris Water Holdings LLC<br>7.250%, 4/1/30 144A | 2000000 | 2111 |
|  Chord Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/1/30 144A | 800000 | 794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 3/15/33 144A | 1300000 | 1317 |
|  CQP Holdco LP / BIP-V Chinook Holdco LLC<br>5.500%, 6/15/31 144A | 1000000 | 991 |
|  Diamondback Energy, Inc.<br>5.550%, 4/1/35 | 1000000 | 1027 |
|  DT Midstream, Inc.<br>5.800%, 12/15/34 144A | 1400000 | 1443 |
|  Ecopetrol SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/2/31 | 300000 | 269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 2/1/32 | 700000 | 724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 1/19/36 | 1200000 | 1239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 1/13/33 | 200000 | 217 |
|  El Paso Natural Gas Co. LLC<br>8.375%, 6/15/32 | 200000 | 240 |
|  Enbridge, Inc.<br>5.700%, 3/8/33 | 900000 | 947 |
|  Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 5/15/30 | 200000 | 194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 5/15/28 | 625000 | 635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 5/15/50 | 200000 | 171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 4/15/29 | 100000 | 103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 6/1/41 | 100000 | 102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 2/1/42 | 300000 | 318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 10/15/36 | 500000 | 545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 7/1/38 | 1700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1975 |
|  Eni SpA<br>5.500%, 5/15/34 144A | 1300000 | 1337 |
|  EQT Corp.<br>4.500%, 1/15/29 | 1387000 | 1387 |
|  Expand Energy Corp.<br>4.750%, 2/1/32 | 2900000 | 2850 |
|  Flex Intermediate Holdco LLC<br>3.363%, 6/30/31 144A | 1400000 | 1288 |
|  Genesis Energy LP / Genesis Energy Finance Corp.<br>8.250%, 1/15/29 | 825000 | 860 |
|  Greensaif Pipelines Bidco SARL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.853%, 2/23/36 144A | 2900000 | 3041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.129%, 2/23/38 § | 1300000 | 1384 |
|  Harbour Energy PLC<br>6.327%, 4/1/35 144A | 400000 | 411 |
|  Howard Midstream Energy Partners LLC<br>6.625%, 1/15/34 144A | 1250000 | 1274 |
|  KazMunayGas National Co. JSC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 4/24/30 § | 600000 | 617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 4/19/47 § | 1200000 | 1117 |
|  Kinder Morgan Energy Partners LP<br>6.550%, 9/15/40 | 2382000 | 2586 |
|  Kinder Morgan, Inc.<br>7.750%, 1/15/32 | 1216000 | 1414 |
|  Kraken Oil & Gas Partners LLC<br>7.625%, 8/15/29 144A | 1400000 | 1388 |
|  Matador Resources Co.<br>6.250%, 4/15/33 144A | 2000000 | 2009 |
|  MPLX LP<br>4.250%, 12/1/27 | 800000 | 801 |

---

---

| | | |
|:---|:---|:---|
| Corporate Bonds (43.8%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Energy continued** |  |  |
|  NGPL PipeCo LLC<br>7.768%, 12/15/37 144A | 2500000 | 2885 |
|  Noble Finance II LLC<br>8.000%, 4/15/30 144A | 2300000 | 2381 |
|  NuStar Logistics LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 4/28/27 | 1400000 | 1409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 6/1/26 | 200000 | 201 |
|  Occidental Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 8/1/29 | 1000000 | 1015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 1/1/32 | 1200000 | 1220 |
|  ONEOK, Inc.<br>5.050%, 11/1/34 | 975000 | 962 |
|  Orlen SA<br>6.000%, 1/30/35 144A | 600000 | 627 |
|  Permian Resources Operating LLC<br>7.000%, 1/15/32 144A | 925000 | 959 |
|  Pertamina Persero PT<br>6.500%, 11/7/48 144A | 4300000 | 4608 |
|  Petroleos de Venezuela SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 4/12/27 §,j | 6666000 | 1070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 4/12/37 §,j | 5734000 | 920 |
|  Petroleos Mexicanos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 4/21/27 EUR §,∞ | 1100000 | 1276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 2/26/29 EUR §,∞ | 3000000 | 3543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 1/23/46 | 378000 | 288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 1/28/31 | 2400000 | 2325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 2/12/48 | 1700000 | 1350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 6/15/35 | 3700000 | 3528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 6/15/38 | 2000000 | 1811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 2/16/32 | 536000 | 531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 9/21/47 | 2900000 | 2393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.690%, 1/23/50 | 2580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2346 |
|  Plains All American Pipeline LP / PAA Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 2/15/45 | 1100000 | 959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.650%, 1/15/37 | 277000 | 301 |
|  PRIO Luxembourg Holding SARL<br>6.125%, 6/9/26 144A | 200000 | 200 |
|  QatarEnergy LNG S3<br>5.838%, 9/30/27 144A | 887110 | 901 |
|  Raizen Fuels Finance SA<br>6.250%, 7/8/32 144A | 1200000 | 1171 |
|  Rio Oil Finance Trust<br>9.750%, 1/6/27 § | 117555 | 121 |
|  Sabine Pass Liquefaction LLC<br>4.500%, 5/15/30 | 700000 | 702 |
|  Santos Finance, Ltd.<br>3.649%, 4/29/31 144A | 700000 | 653 |
|  Seadrill Finance, Ltd.<br>8.375%, 8/1/30 144A | 1500000 | 1557 |
|  Southern Gas Corridor CJSC<br>6.875%, 3/24/26 § | 1100000 | 1111 |
|  Sunoco LP<br>5.625%, 3/15/31 144A | 1500000 | 1489 |
|  Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp.<br>5.500%, 1/15/28 144A | 775000 | 771 |
|  TGS ASA<br>8.500%, 1/15/30 144A | 1000000 | 1027 |

---

**4** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Corporate Bonds (43.8%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Energy continued** |  |  |
|  Tidewater, Inc.<br>9.125%, 7/15/30 144A | 1200000 | 1287 |
|  Transocean Aquila, Ltd.<br>8.000%, 9/30/28 144A | 795385 | 818 |
|  Valaris, Ltd.<br>8.375%, 4/30/30 144A | 1000000 | 1038 |
|  Venture Global Calcasieu Pass LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 8/15/29 144A | 2700000 | 2588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 11/1/33 144A | 1600000 | 1442 |
|  Venture Global LNG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 1/15/30 144A | 2200000 | 2276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 6/1/31 144A | 2700000 | 2835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 2/1/29 144A | 2000000 | 2204 |
|  Venture Global Plaquemines LNG LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 1/15/34 144A | 3200000 | 3369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 1/15/36 144A | 500000 | 531 |
|  Viridien<br>8.500%, 10/15/30 144A EUR ∞ | 1000000 | 1214 |
|  Vital Energy, Inc.<br>7.875%, 4/15/32 144A | 450000 | 437 |
|  WBI Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/15/30 144A | 900000 | 900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/15/33 144A | 500000 | 500 |
|  Weatherford International, Ltd.<br>6.750%, 10/15/33 144A | 1600000 | 1601 |
|  Woodside Finance, Ltd.<br>5.100%, 9/12/34 | 2100000 | 2084 |
|  Yinson Boronia Production BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.947%, 7/31/42 144A | 2379143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.947%, 7/31/42 § | 588654 | 655 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **116163** |
|  **Financial (12.0%)** |  |  |
|  Abu Dhabi Development Holding Co. PJSC<br>5.375%, 5/8/29 144A | 1900000 | 1977 |
|  AerCap Ireland Capital DAC / AerCap Global Aviation Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, 7/21/27 | 500000 | 495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 10/15/27 | 500000 | 504 |
|  Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer<br>7.000%, 1/15/31 144A | 1200000 | 1240 |
|  Ally Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.848%, (US SOFR plus 2.820%), 1/3/30 a | 1000000 | 1058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 11/1/31 | 3271000 | 3729 |
|  American Tower Corp.<br>5.900%, 11/15/33 | 2500000 | 2680 |
|  Antares Holdings LP<br>2.750%, 1/15/27 144A | 250000 | 242 |
|  Ares Capital Corp.<br>2.875%, 6/15/28 | 1200000 | 1146 |
|  Ares Strategic Income Fund<br>6.200%, 3/21/32 | 1400000 | 1446 |
|  Arthur J. Gallagher & Co.<br>5.150%, 2/15/35 | 1600000 | 1619 |
|  Athene Global Funding<br>5.339%, 1/15/27 144A | 1500000 | 1521 |
|  Avolon Holdings Funding, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.528%, 11/18/27 144A | 471000 | 453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 10/15/32 144A | 700000 | 692 |

---

---

| | | |
|:---|:---|:---|
| Corporate Bonds (43.8%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Financial continued** |  |  |
|  Banca Monte dei Paschi di Siena SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 1/9/26 EUR §,∞ | 300000 | 351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.708%, (EURIBOR ICE 5 Year Swap Rate<br>plus 5.005%), 1/18/28 EUR §,∞,a | 3800000 | 4885 |
|  Banco Bilbao Vizcaya Argentaria SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.138%, (US Treasury Yield Curve Rate<br>T Note Constant Maturity 1 Year plus<br>2.700%), 9/14/28 a | 900000 | 931 |
|  Banco BTG Pactual SA<br>6.250%, 4/8/29 144A | 1500000 | 1557 |
|  Banco do Brasil SA<br>8.500%, 7/29/26 MXN §,∞ | 22000000 | 1207 |
|  Banco Votorantim SA<br>5.875%, 4/8/28 144A | 475000 | 483 |
|  Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.288%, (US SOFR plus 1.910%), 4/25/34 a | 1900000 | 1966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.468%, (US SOFR plus 1.650%), 1/23/35 a | 1900000 | 1984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.511%, (US SOFR plus 1.310%), 1/24/36 a | 1800000 | 1882 |
|  Barclays PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.501%, (US Treasury Yield Curve Rate<br>T Note Constant Maturity 1 Year plus<br>2.650%), 8/9/28 a | 2350000 | 2400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, (US Treasury Yield Curve Rate<br>T Note Constant Maturity 5 year plus<br>5.867%), 12/15/25 µ,a,y | 500000 | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.437%, (US Treasury Yield Curve Rate<br>T Note Constant Maturity 1 Year plus<br>3.500%), 11/2/33 a | 500000 | 574 |
|  Blue Owl Finance LLC<br>6.250%, 4/18/34 | 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1258 |
|  Brandywine Operating Partnership LP<br>8.875%, 4/12/29 | 25000 | 27 |
|  Burford Capital Global Finance LLC<br>7.500%, 7/15/33 144A | 1500000 | 1526 |
|  CaixaBank SA<br>5.673%, (US SOFR plus 1.780%), 3/15/30 144A a | 1300000 | 1348 |
|  Cantor Fitzgerald LP<br>7.200%, 12/12/28 144A | 1200000 | 1282 |
|  Chubb INA Holdings LLC<br>0.875%, 6/15/27 EUR ∞ | 200000 | 229 |
|  CI Financial Corp.<br>7.500%, 5/30/29 144A | 1100000 | 1172 |
|  CIMA Finance DAC<br>2.950%, 9/5/29 § | 759834 | 708 |
|  Citadel LP<br>6.375%, 1/23/32 144A | 1200000 | 1270 |
|  Corestate Capital Holding SA<br>10.000%, 12/31/26 EUR ∞,Þ | 237441 | 246 |
|  Credicorp Capital Sociedad Titulizadora SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.700%, 3/5/45 144A PEN ∞ | 1700000 | 515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.100%, 12/15/43 144A PEN §,∞ | 13000000 | 4006 |
|  Credit Acceptance Corp.<br>9.250%, 12/15/28 144A | 700000 | 735 |
|  Crown Castle, Inc.<br>2.100%, 4/1/31 | 1700000 | 1488 |
|  DAE Sukuk DIFC, Ltd.<br>3.750%, 2/15/26 144A | 1000000 | 994 |
|  Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.729%, (US SOFR plus 2.757%), 1/14/32 a | 1550000 | 1454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.882%, (US SOFR plus 5.438%), 7/8/31 a | 300000 | 310 |

---

**5** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Corporate Bonds (43.8%) | Shares/ Par <sup>+</sup> | Value<br> $(000's) |
|  **Financial continued** |  |  |
|  DrillCo Holding Lux SA<br>7.500%, 6/15/30 § | 677407 | 660 |
|  Encore Capital Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 4/15/31 144A | 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 5/15/30 144A | 700000 | 743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 4/1/29 144A | 1200000 | 1266 |
|  Fairfax Financial Holdings, Ltd.<br>2.750%, 3/29/28 EUR §,∞ | 1700000 | 1990 |
|  Fidelity National Financial, Inc.<br>3.400%, 6/15/30 | 200000 | 190 |
|  Freedom Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 1/15/27 144A | 500000 | 499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.000%, 10/1/28 144A | 1000000 | 1060 |
|  Freedom Mortgage Holdings LLC<br>8.375%, 4/1/32 144A | 850000 | 891 |
|  FS KKR Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 10/12/28 | 900000 | 834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 1/15/31 | 1600000 | 1585 |
|  GLP Capital LP / GLP Financing II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 6/1/28 | 400000 | 411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/1/37 | 1700000 | 1688 |
|  goeasy, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 5/15/30 144A | 1300000 | 1293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 12/1/28 144A | 1100000 | 1148 |
|  The Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.016%, (US SOFR plus 1.420%), 10/23/35 a | 1200000 | 1208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.330%, (US SOFR plus 1.550%), 7/23/35 a | 200000 | 206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.851%, (US SOFR plus 1.552%), 4/25/35 a | 2500000 | 2664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.484%, (US SOFR plus 1.770%), 10/24/29 a | 200000 | 213 |
|  HAT Holdings I LLC / HAT Holdings II LLC<br>8.000%, 6/15/27 144A | 608000 | 633 |
|  HPS Corporate Lending Fund<br>4.900%, 9/11/28 144A | 1000000 | 995 |
|  HSBC Holdings PLC<br>3.973%, (US SOFR 3 Month plus 1.872%), 5/22/30 a | 1450000 | 1428 |
|  ING Groep NV<br>5.750%, (US Treasury Yield Curve Rate T Note Constant Maturity 5 year plus 4.342%),<br>11/16/26 µ,a,y | 1800000 | 1803 |
|  Intesa Sanpaolo SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 9/23/29 144A | 200000 | 196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, (5 Year EUR Annual Swap Rate plus 5.848%), 3/1/28 EUR §,µ,∞,a,y | 1025000 | 1244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, (5 Year EUR Annual Swap Rate plus 6.086%), 9/1/31 EUR §,µ,∞,a,y | 450000 | 559 |
|  Jane Street Group / JSG Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 11/1/32 144A | 1600000 | 1622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 4/30/31 144A | 1900000 | 1993 |
|  JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.294%, (US SOFR plus 1.460%), 7/22/35 a | 2000000 | 2066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.336%, (US SOFR plus 1.620%), 1/23/35 a | 1300000 | 1351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.581%, (US SOFR plus 1.160%), 4/22/30 a | 1200000 | 1253 |
|  Kaisa Group Holdings, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/30/27 § | 9927 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 12/28/28 § | 91306 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/28/29 § | 152176 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 12/28/30 § | 182612 | 2 |

---

---

| | | |
|:---|:---|:---|
| Corporate Bonds (43.8%) | Shares/ Par <sup>+</sup> | Value<br> $(000's) |
|  **Financial continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 12/28/31 § | 273918 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 12/28/32 § | 256654 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.721%, 12/30/27 § | 60870 | 2 |
|  Kennedy Wilson, Inc.<br>4.750%, 2/1/30 | 500000 | 467 |
|  Kilroy Realty LP<br>5.875%, 10/15/35 | 850000 | 861 |
|  Kona SPC, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.718%, (EURIBOR ICE 1 Year Swap Rate<br>plus 3.550%), 9/15/26 144A EUR ∞,Æ | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1174 |
|  Ladder Capital Finance LLLP / Ladder Capital<br>Finance Corp.<br>7.000%, 7/15/31 144A | 1300000 | 1363 |
|  Lazard Group LLC<br>6.000%, 3/15/31 | 1200000 | 1268 |
|  Lloyds Banking Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.976%, (US Treasury Yield Curve Rate<br>T Note Constant Maturity 1 Year plus 2.300%), 8/11/33 a | 200000 | 203 |
|  Logicor Financing SARL<br>3.250%, 11/13/28 EUR §,∞ | 600000 | 708 |
|  Marsh & McLennan Cos., Inc.<br>1.349%, 9/21/26 EUR ∞ | 100000 | 116 |
|  Mitsubishi UFJ Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.574%, (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year plus 0.950%), 1/16/36 a | 1500000 | 1573 |
|  Mizuho Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.594%, (US Treasury Yield Curve Rate<br>T Note Constant Maturity 1 Year plus 1.300%), 7/10/35 a | 1500000 | 1569 |
|  Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.654%, (US SOFR plus 1.100%), 10/18/30 a | 1800000 | 1820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.320%, (US SOFR plus 1.555%), 7/19/35 a | 1800000 | 1857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.466%, (US SOFR plus 1.730%), 1/18/35 a | 2000000 | 2083 |
|  Nationstar Mortgage Holdings, Inc.<br>7.125%, 2/1/32 144A | 1300000 | 1357 |
|  NatWest Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, (US Treasury Yield Curve Rate<br>T Note Constant Maturity 5 year plus 5.625%), 12/29/25 µ,a,y | 500000 | 501 |
|  New Immo Holding SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 7/23/27 EUR §,∞ | 1000000 | 1157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 12/8/28 EUR §,∞ | 1200000 | 1426 |
|  Newmark Group, Inc.<br>7.500%, 1/12/29 | 1200000 | 1287 |
|  Nomura Holdings, Inc.<br>5.594%, 7/2/27 | 1000000 | 1022 |
|  OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 1/15/27 | 1100000 | 1075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 9/15/30 | 700000 | 651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5/15/29 | 2000000 | 2056 |
|  Panama Infrastructure Receivable Purchaser PLC 0.000%, 4/5/32 144A PO | 2900000 | 2175 |
|  Panther Escrow Issuer LLC<br>7.125%, 6/1/31 144A | 1800000 | 1872 |
|  PennyMac Financial Services, Inc.<br>7.875%, 12/15/29 144A | 1800000 | 1910 |

---

**6** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Corporate Bonds (43.8%) | Shares/ Par <sup>+</sup> | Value<br> $(000's) |
|  **Financial continued** |  |  |
|  PRA Group, Inc.<br>8.375%, 2/1/28 144A | 1300000 | 1330 |
|  RLJ Lodging Trust LP<br>3.750%, 7/1/26 144A | 200000 | 198 |
|  Rocket Companies, Inc.<br>6.125%, 8/1/30 144A | 900000 | 924 |
|  Sammons Financial Group, Inc.<br>6.875%, 4/15/34 144A | 1500000 | 1652 |
|  Santander UK Group Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.896%, (US SOFR plus 1.475%), 3/15/32 a | 800000 | 731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.823%, (ICE LIBOR USD 3 Month plus<br>1.400%), 11/3/28 a | 3475000 | 3440 |
|  Sberbank of Russia Via SB Capital SA<br>5.250%, 5/23/23 §,Æ,j,y | 4500000 | 225 |
|  Sixth Street Lending Partners<br>5.750%, 1/15/30 | 1200000 | 1219 |
|  Starwood Property Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 1/15/31 144A | 1100000 | 1099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 4/15/30 144A | 1175000 | 1193 |
|  Sumitomo Mitsui Financial Group, Inc.<br>5.424%, 7/9/31 | 1900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1991 |
|  Synchrony Financial<br>5.450%, (US SOFR plus 1.680%), 3/6/31 a | 475000 | 484 |
|  Tesco Property Finance 3 PLC<br>5.744%, 4/13/40 GBP §,∞ | 86194 | 115 |
|  Tesco Property Finance 6 PLC<br>5.411%, 7/13/44 GBP §,∞ | 2396723 | 3083 |
|  Titanium 2L Bondco SARL<br>6.250%, 1/14/31 EUR ∞ | 8785200 | 2665 |
|  Trust Fibra Uno |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.390%, 1/15/50 144A | 100000 | 92 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 2/13/34 144A | 1200000 | 1293 |
|  Turkiye Is Bankasi AS, Series 2024-H |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.111%, (US SOFR 3 Month plus<br>2.910%), 11/15/34 Æ,d | 1250000 | 1249 |
|  UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.428%, (US Treasury Yield Curve Rate<br>T Note Constant Maturity 1 Year plus 1.520%), 2/8/30 144A a | 1200000 | 1240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.699%, (US Treasury Yield Curve<br>Rate T Note Constant Maturity 1 Year plus 1.770%), 2/8/35 144A a | 1300000 | 1370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.327%, (US Treasury Yield Curve Rate<br>T Note Constant Maturity 1 Year plus 1.600%), 12/22/27 144A a | 850000 | 871 |
|  UniCredit SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.296%, (USD 5 Year Swap Rate<br>plus 4.914%), 4/2/34 144A a | 3700000 | 3951 |
|  VakifBank DPR, Series 2025-E, Class 4A2<br>6.833%, 3/15/35 Æ,d | 2000000 | 2063 |
|  VFH Parent LLC / Valor Co-Issuer, Inc.<br>7.500%, 6/15/31 144A | 900000 | 931 |
|  VICI Properties LP<br>5.750%, 4/1/34 | 2600000 | 2700 |
|  Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.808%, (US SOFR plus 1.980%), 7/25/28 a | 700000 | 708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.574%, (US SOFR plus 1.740%), 7/25/29 a | 1500000 | 1555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.707%, (US SOFR plus 1.070%), 4/22/28 a | 1500000 | 1535 |
|  Weyerhaeuser Co.<br>7.375%, 3/15/32 | 424000 | 486 |

---

---

| | | |
|:---|:---|:---|
| Corporate Bonds (43.8%) | Shares/ Par <sup>+</sup> | Value<br> $(000's) |
|  **Financial continued** |  |  |
|  Yango Justice International, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 4/15/24 §,j | 4200000 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 9/4/24 §,j | 600000 | –π |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **162940** |
|  **Industrial (3.3%)** |  |  |
|  Axon Enterprise, Inc.<br>6.250%, 3/15/33 144A | 950000 | 978 |
|  Berry Global, Inc.<br>1.570%, 1/15/26 | 100000 | 99 |
|  The Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 8/1/59 | 2000000 | 1437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 5/1/30 | 2400000 | 2463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.858%, 5/1/54 | 2000000 | 2281 |
|  Builders FirstSource, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 2/1/32 144A | 1500000 | 1411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 5/15/35 144A | 900000 | 940 |
|  Clydesdale Acquisition Holdings, Inc.<br>6.750%, 4/15/32 144A | 1700000 | 1744 |
|  CMA CGM SA<br>5.000%, 1/15/31 144A EUR ∞ | 975000 | 1164 |
|  DAE Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 3/20/28 144A | 700000 | 676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 3/20/28 § | 200000 | 193 |
|  Efesto Bidco SpA / Efesto US LLC<br>7.500%, 2/15/32 144A | 1400000 | 1425 |
|  Empresa de Transporte de Pasajeros Metro SA<br>4.700%, 5/7/50 § | 1400000 | 1216 |
|  ESAB Corp.<br>6.250%, 4/15/29 144A | 1200000 | 1233 |
|  Flex, Ltd.<br>3.750%, 2/1/26 | 700000 | 697 |
|  FTAI Aviation Investors LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 5/1/28 144A | 400000 | 400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 5/1/31 144A | 4400000 | 4603 |
|  GE Capital UK Funding Unlimited Co.<br>5.875%, 1/18/33 GBP ∞ | 800000 | 1125 |
|  Imola Merger Corp.<br>4.750%, 5/15/29 144A | 1775000 | 1726 |
|  International Distribution Services PLC<br>7.375%, 9/14/30 GBP §,∞ | 1000000 | 1439 |
|  Lima Metro Line 2 Finance, Ltd.<br>5.875%, 7/5/34 144A | 233695 | 241 |
|  Quikrete Holdings, Inc.<br>6.375%, 3/1/32 144A | 2400000 | 2486 |
|  Rolls-Royce PLC<br>5.750%, 10/15/27 144A | 1400000 | 1438 |
|  SMBC Aviation Capital Finance DAC<br>2.300%, 6/15/28 144A | 200000 | 190 |
|  Spirit Aerosystems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 11/30/29 144A | 100000 | 105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 11/15/30 144A | 1500000 | 1650 |
|  Standard Industries, Inc.<br>2.250%, 11/21/26 EUR §,∞ | 1905556 | 2221 |
|  TopBuild Corp.<br>3.625%, 3/15/29 144A | 1700000 | 1630 |
|  Toucan FinCo, Ltd. / Toucan FinCo Can, Inc. /<br>Toucan FinCo US LLC<br>9.500%, 5/15/30 144A | 1200000 | 1175 |

---

**7** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Corporate Bonds (43.8%) | Shares/ Par <sup>+</sup> | Value<br> $(000's) |
|  **Industrial continued** |  |  |
|  TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 1/15/33 144A | 1700000 | 1719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 12/1/31 144A | 1600000 | 1669 |
|  Vallourec SACA<br>7.500%, 4/15/32 144A | 1170000 | 1247 |
|  XPO, Inc.<br>6.250%, 6/1/28 144A | 1200000 | 1223 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **44244** |
|  **Technology (2.2%)** |  |  |
|  ams-OSRAM AG<br>12.250%, 3/30/29 144A | 1800000 | 1930 |
|  Booz Allen Hamilton, Inc.<br>3.875%, 9/1/28 144A | 1200000 | 1177 |
|  Broadcom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, 2/15/31 144A | 700000 | 637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.137%, 11/15/35 144A | 3100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2682 |
|  CDW LLC / CDW Finance Corp.<br>5.550%, 8/22/34 | 1300000 | 1333 |
|  Cloud Software Group, Inc.<br>8.250%, 6/30/32 144A | 1300000 | 1379 |
|  CoreWeave, Inc.<br>9.000%, 2/1/31 144A | 2400000 | 2460 |
|  Crowdstrike Holdings, Inc.<br>3.000%, 2/15/29 | 1275000 | 1215 |
|  Dell International LLC / EMC Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 10/1/29 | 1800000 | 1859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.100%, 7/15/36 | 162000 | 197 |
|  Gartner, Inc.<br>3.750%, 10/1/30 144A | 1400000 | 1322 |
|  IPD 3 BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.389%, (EURIBOR 3 Month ACT/360 plus<br>3.375%), 6/15/31 EUR §,∞ | 1700000 | 1999 |
|  Marvell Technology, Inc.<br>5.750%, 2/15/29 | 1300000 | 1356 |
|  NCR Atleos Corp.<br>9.500%, 4/1/29 144A | 375000 | 406 |
|  NXP BV / NXP Funding LLC<br>5.350%, 3/1/26 | 1600000 | 1603 |
|  Oracle Corp.<br>3.850%, 4/1/60 | 1200000 | 825 |
|  Seagate Data Storage Technology Pte, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 1/15/31 144A | 650000 | 602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.625%, 12/1/32 144A | 920000 | 1042 |
|  TeamSystem SpA<br>5.000%, 7/1/31 144A EUR ∞ | 1100000 | 1309 |
|  Ubisoft Entertainment SA<br>0.878%, 11/24/27 EUR §,∞ | 800000 | 874 |
|  UKG, Inc.<br>6.875%, 2/1/31 144A | 2800000 | 2889 |
|  VMware LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, 5/15/27 | 475000 | 475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 5/15/30 | 100000 | 101 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **29672** |
|  **Utilities (3.3%)** |  |  |
|  Chile Electricity Lux MPC II SARL<br>5.672%, 10/20/35 144A | 1100000 | 1134 |
|  Chile Electricity Lux MPC SARL<br>6.010%, 1/20/33 144A | 984500 | 1033 |

---

---

| | | |
|:---|:---|:---|
| Corporate Bonds (43.8%) | Shares/ Par <sup>+</sup> | Value<br> $(000's) |
|  **Utilities continued** |  |  |
|  Comision Ejecutiva Hidroelectrica del Rio Lempa |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.650%, 1/24/33 144A | 1000000 | 1045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.650%, 1/24/33 § | 300000 | 314 |
|  Constellation Energy Generation LLC<br>6.500%, 10/1/53 | 1000000 | 1114 |
|  ContourGlobal Power Holdings SA<br>6.750%, 2/28/30 144A | 700000 | 727 |
|  Duke Energy Corp.<br>3.750%, 4/1/31 EUR ∞ | 2100000 | 2510 |
|  Edison International<br>5.750%, 6/15/27 | 600000 | 607 |
|  Electricite de France SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 1/13/35 144A | 1500000 | 1558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 4/22/64 144A | 1300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 5/23/33 144A | 700000 | 763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.125%, (US Treasury Yield Curve Rate<br>T Note Constant Maturity 5 year plus 5.411%), 6/15/33 144A µ,a | 1500000 | 1738 |
|  Georgia Power Co.<br>5.250%, 3/15/34 | 1200000 | 1238 |
|  Monongahela Power Co.<br>5.850%, 2/15/34 144A | 900000 | 951 |
|  Nakilat, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.067%, 12/31/33 § | 737120 | 782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.267%, 12/31/33 144A | 372946 | 394 |
|  Niagara Energy SAC<br>5.746%, 10/3/34 144A | 1500000 | 1545 |
|  NPC Ukrenergo<br>6.875%, 11/9/28 §,j | 200000 | 158 |
|  NRG Energy, Inc.<br>5.407%, 10/15/35 144A | 1300000 | 1304 |
|  Pacific Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.100%, 8/1/27 | 100000 | 96 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 2/1/31 | 100000 | 89 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, 3/1/26 | 100000 | 99 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.150%, 1/1/26 | 1600000 | 1595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 3/15/27 | 200000 | 197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 12/1/27 | 800000 | 783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 8/1/40 | 2700000 | 2046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 7/1/28 | 100000 | 98 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, 6/1/41 | 100000 | 82 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 3/15/46 | 100000 | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 4/15/42 | 300000 | 251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 7/1/30 | 500000 | 497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 10/15/32 | 2100000 | 2096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 3/1/35 | 1500000 | 1536 |
|  PacifiCorp<br>5.450%, 2/15/34 | 2200000 | 2254 |
|  Perusahaan Listrik Negara PT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 6/30/30 144A | 1500000 | 1404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 5/21/48 § | 3300000 | 3361 |
|  Sabesp LUX SARL<br>5.625%, 8/20/30 144A | 1400000 | 1406 |
|  Southern California Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 6/1/34 | 1100000 | 1093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, 10/1/28 | 1250000 | 1289 |
|  Southern California Gas Co.<br>5.050%, 9/1/34 | 1400000 | 1424 |

---

**8** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Corporate Bonds (43.8%) | Shares/ Par <sup>+</sup> | Value<br> $(000's) |
|  **Utilities continued** |  |  |
|  Thames Water Super Senior Issuer PLC<br>9.750%, 10/10/27 144A GBP ∞ | 127427 | 191 |
|  Thames Water Utilities Finance PLC<br>5.500%, 2/11/43 GBP §,∞ | 1225000 | 1148 |
|  Thames Water Utilities, Ltd.<br>0.000%, 3/22/27 144A GBP PO∞ | 9188 | 11 |
|  Tierra Mojada Luxembourg II SARL<br>5.750%, 12/1/40 § | 1746345 | 1720 |
|  Virginia Electric & Power Co.<br>5.000%, 1/15/34 | 400000 | 405 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **45449** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Corporate Bonds (Cost: $612,948)** |  | **595116** |
| Convertible Corporate Bonds (0.0%) |  |  |
|  **Financial (0.0%)** |  |  |
|  Kaisa Group Holdings, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 12/31/26 PO§ | 60870 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 12/31/27 PO§ | 76091 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 12/31/28 PO§ | 121741 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 12/31/29 PO§ | 121741 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 12/31/30 PO§ | 152176 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 12/31/31 PO§ | 152176 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 12/31/32 PO§ | 287089 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **19** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Convertible Corporate Bonds (Cost: $29)** |  | **19** |
| Governments (21.6%) |  |  |
|  **Governments (21.6%)** |  |  |
|  Abu Dhabi Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.700%, 9/2/70 144A | 3700000 | 2157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.700%, 9/2/70 § | 900000 | 525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 9/30/49 § | 7500000 | 5446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 4/16/50 § | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1230 |
|  Angolan Government International Bond<br>9.125%, 11/26/49 § | 2300000 | 1930 |
|  Argentine Republic Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 7/9/41 | 14493196 | 7015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 7/9/35 | 3422164 | 1793 |
|  Australian Government<br>4.250%, 4/21/26 AUD §,∞ | 2400000 | 1594 |
|  Avenir Issuer IV Ireland DAC<br>6.000%, 10/25/27 § | 2164066 | 2078 |
|  Bank Gospodarstwa Krajowego<br>5.750%, 7/9/34 144A | 2200000 | 2317 |
|  Banque Ouest Africaine de Developpement<br>2.750%, 1/22/33 144A EUR ∞ | 500000 | 509 |
|  Benin Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 1/19/52 EUR §,∞ | 400000 | 427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.960%, 2/13/38 144A | 2000000 | 2047 |
|  Brazilian Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 5/13/54 | 550000 | 557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 1/12/56 | 2500000 | 2528 |
|  Colombia Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 4/28/28 COP ∞ |  | 2140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 1/22/31 COP ∞ |  | 273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 3/26/31 COP ∞ |  | 1205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 8/22/29 COP ∞ |  | 3390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.750%, 1/24/35 COP ∞ |  | 607 |

---

---

| | | |
|:---|:---|:---|
| Governments (21.6%) | Shares/ Par <sup>+</sup> | Value<br> $(000's) |
|  **Governments continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.750%, 11/28/40 COP ∞ |  | 1057 |
|  Colombia Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 11/14/35 | 1000000 | 1073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 4/25/35 | 900000 | 996 |
|  Costa Rica Government International Bond<br>7.300%, 11/13/54 144A | 800000 | 875 |
|  Dominican Republic International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 9/23/32 144A | 550000 | 525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 9/23/32 § | 1700000 | 1622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 2/15/48 144A | 2800000 | 2787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 2/15/48 § | 1000000 | 995 |
|  Eagle Funding Luxco SARL<br>5.500%, 8/17/30 144A | 2100000 | 2131 |
|  Ecuador Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 7/31/30 144A PO | 323958 | 249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 7/31/40 144A | 1225800 | 809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.900%, 7/31/30 § | 650000 | 576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.900%, 7/31/35 144A | 1065874 | 794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.900%, 7/31/35 § | 2961000 | 2207 |
|  Egypt Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 4/11/31 EUR §,∞ | 5750000 | 6470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 2/16/61 144A | 1900000 | 1489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 2/16/61 § | 800000 | 627 |
|  El Salvador Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 4/17/30 144A | 1325000 | 1444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.650%, 11/21/54 144A | 1000000 | 1080 |
|  European Union<br>3.000%, 12/4/34 EUR §,∞ | 13100000 | &nbsp;&nbsp;&nbsp;&nbsp;15335 |
|  Federal Republic of Nigeria |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 11/28/47 § | 700000 | 601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.696%, 2/23/38 § | 600000 | 555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 2/16/32 § | 2800000 | 2775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.625%, 6/9/31 144A | 800000 | 861 |
|  Ghana Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 1/3/30 144A PO | 279970 | 240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 7/3/26 144A PO | 92800 | 90 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 7/3/35 144A | 2018400 | 1699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 7/3/29 144A | 1403600 | 1365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 7/3/29 § | 1000000 | 972 |
|  Guatemala Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 8/6/31 144A | 1200000 | 1247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.600%, 6/13/36 144A | 1700000 | 1796 |
|  Hungary Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 9/12/33 EUR §,∞ | 4400000 | 5609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 3/26/36 144A | 1400000 | 1410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 5/22/28 144A | 1200000 | 1253 |
|  Israel Government International Bond<br>5.625%, 2/19/35 | 1700000 | 1757 |
|  Ivory Coast Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 3/22/30 EUR §,∞ | 500000 | 585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 10/17/31 144A EUR ∞ | 300000 | 350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 3/22/48 144A EUR ∞ | 900000 | 903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 3/22/48 EUR §,∞ | 800000 | 802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 10/17/40 144A EUR ∞ | 400000 | 438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 10/17/40 EUR §,∞ | 100000 | 110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.075%, 4/1/36 § | 1200000 | 1241 |
|  Kenya Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 3/5/36 144A | 1800000 | 1844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 2/16/31 144A | 1400000 | 1494 |

---

**9** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Governments (21.6%) | Shares/ Par <sup>+</sup> | Value<br> $(000's) |
|  **Governments continued** |  |  |
|  Kingdom of Jordan |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 7/7/30 144A | 400000 | 398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 1/13/29 144A | 800000 | 835 |
|  Lebanon Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 1/27/49 §,j | 1750000 | 391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 10/4/49 §,j | 1800000 | 402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, 3/23/27 §,j | 1750000 | 391 |
|  Mexican Udibonos<br>4.000%, 8/24/34 MXN ∞ | 3847801 | 200 |
|  Morocco Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/15/50 144A | 500000 | 368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/11/42 § | 800000 | 766 |
|  North Macedonia<br>3.675%, 6/3/26 144A EUR ∞ | 500000 | 587 |
|  Oman Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 8/1/29 § | 900000 | 948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 1/25/31 144A | 2300000 | 2482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 3/8/47 § | 500000 | 540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 1/17/48 § | 1100000 | 1207 |
|  Panama Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 4/16/50 | 1300000 | 977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 1/26/36 | 1900000 | 2004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.853%, 3/28/54 | 3800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 3/1/31 | 2900000 | 3185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 4/28/34 | 100000 | 112 |
|  RAK Capital<br>5.000%, 3/12/35 § | 825000 | 854 |
|  Republic of Cameroon International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 7/7/32 EUR §,∞ | 1000000 | 963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 7/31/31 § | 900000 | 866 |
|  Republic of Pakistan |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 4/8/26 § | 2400000 | 2390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 4/8/31 § | 700000 | 685 |
|  Republic of Paraguay |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 3/13/48 § | 600000 | 567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 2/9/36 § | 1300000 | 1377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, 8/11/44 § | 300000 | 307 |
|  Republic of Peru |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 3/11/41 | 2700000 | 2097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.900%, 8/12/37 144A PEN ∞ | 5500000 | 1653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.300%, 8/12/33 144A PEN §,∞ | 2300000 | 739 |
|  Republic of Poland Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 9/18/34 | 2900000 | 2964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 3/18/54 | 1000000 | 967 |
|  Republic of South Africa Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 9/30/29 | 1200000 | 1187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 4/14/26 | 600000 | 600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/12/46 | 500000 | 374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 9/30/49 | 2100000 | 1679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.950%, 11/19/54 144A | 1100000 | 1118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 1/31/30 ZAR ∞ | 17700000 | 1028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 2/28/35 ZAR ∞ | 110400000 | 6270 |
|  Republic of Uzbekistan International Bond<br>5.375%, 5/29/27 144A EUR ∞ | 700000 | 848 |
|  Romanian Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 4/14/33 144A EUR ∞ | 1400000 | 1291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 5/30/32 144A EUR ∞ | 1000000 | 1174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 2/22/36 144A EUR ∞ | 550000 | 628 |

---

---

| | | |
|:---|:---|:---|
| Governments (21.6%) | Shares/ Par <sup>+</sup> | Value<br> $(000's) |
|  **Governments continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 9/18/33 144A EUR ∞ | 2500000 | 3082 |
|  Saudi Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 3/5/32 144A EUR ∞ | 2850000 | 3378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/26/46 § | 9300000 | 8068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 1/16/34 144A | 10000000 | 10238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 1/16/54 144A | 700000 | 703 |
|  Senegal Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 3/13/28 EUR §,∞ | 700000 | 713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 6/8/37 EUR §,∞ | 600000 | 461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 3/13/48 § | 800000 | 497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 6/10/31 § | 2100000 | 1693 |
|  Serbia International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 6/26/29 EUR §,∞ | 4400000 | 4796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.650%, 3/3/33 144A EUR ∞ | 700000 | 686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 9/26/33 §,b | 1500000 | 1627 |
|  Sri Lanka Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 1/15/30 144A | 404001 | 378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.350%, 3/15/33 144A | 792441 | 678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 6/15/35 144A | 535080 | 391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 5/15/36 144A | 371358 | 328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 2/15/38 144A | 743028 | 661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 4/15/28 144A | 391925 | 375 |
|  State of Minas Gerais<br>5.333%, 2/15/28 § | 60000 | 60 |
|  Turkiye Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 4/16/43 | 6200000 | 4596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 5/11/47 | 4400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 5/21/30 EUR ∞ | 2850000 | 3549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 40.980%, (Turkish Lira Overnight Reference<br>Rate plus 46.960%), 9/6/28 TRY ∞ | 51100000 | 1199 |
|  Ukraine Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 2/1/30 144A PO | 377887 | 198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 2/1/34 144A PO | 1412114 | 583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 2/1/35 144A PO | 262560 | 127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 8/1/41 PO § | 724000 | 575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 2/1/34 144A | 1865284 | 1040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 2/1/35 144A | 2281007 | 1251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 2/1/36 144A | 2498410 | 1352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 2/1/29 144A | 273201 | 186 |
|  United Mexican States |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.125%, 10/25/51 EUR ∞ | 1000000 | 648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.771%, 5/24/61 | 5400000 | 3396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.490%, 5/25/32 EUR ∞ | 1700000 | 2054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 1/31/50 | 2300000 | 1770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 3/19/38 EUR ∞ | 2200000 | 2631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 5/7/36 | 2600000 | 2657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 2/9/35 | 1700000 | 1795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 5/7/54 | 1150000 | 1122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 5/13/37 | 3700000 | 3990 |
|  US Treasury |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/42 b | 19800000 | 18306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 8/15/44 b | 3300000 | 3063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 5/15/44 | 15100000 | 14990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 5/15/54 b | 4500000 | 4421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/15/43 b | 8700000 | 8792 |
|  Venezuela Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/9/49 §,j | 32000 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 3/31/38 §,j | 3104000 | 675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.650%, 4/21/25 §,j | 2355000 | 477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 10/13/24 §,j | 2356000 | 477 |

---

**10** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Governments (21.6%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Governments continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 5/7/23 §,j | 32000 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 5/7/28 §,j | 1741000 | 396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 1/13/34 j | 1400000 | 378 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **294185** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Governments (Cost: $295,095)** |  | **294185** |
| Municipal Bonds (0.2%) |  |  |
|  **Municipal Bonds (0.2%)** |  |  |
|  American Municipal Power, Inc.<br>7.834%, 2/15/41 RB | 100000 | 120 |
|  Bay Area Toll Authority<br>6.918%, 4/1/40 RB | 100000 | 113 |
|  City of Riverside California Electric Revenue<br>7.605%, 10/1/40 RB | 200000 | 240 |
|  Golden State Tobacco Securitization Corp.<br>3.850%, 6/1/50 RB | 1560000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1421 |
|  Los Angeles County California Public Works Financing Authority<br>7.618%, 8/1/40 RB | 200000 | 239 |
|  Metropolitan Government of Nashville & Davidson County Tennessee<br>6.568%, 7/1/37 RB | 100000 | 110 |
|  Municipal Electric Authority of Georgia<br>6.655%, 4/1/57 RB | 93000 | 101 |
|  New York State Urban Development Corp.<br>5.770%, 3/15/39 RB | 80000 | 83 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Municipal Bonds (Cost: $2,352)** |  | **2427** |
| Structured Products (33.5%) |  |  |
|  **Asset Backed Securities (12.7%)** |  |  |
|  ABFC Trust, Series 2007-WMC1, Class A1A<br>5.522%, (US SOFR 1 Month plus 1.365%),<br>6/25/37 | 7160829 | 5095 |
|  ACE Securities Corp. Home Equity Loan Trust, Series 2004-HE4, Class M1<br>5.172%, (US SOFR 1 Month plus 1.015%), 12/25/34 | 1134341 | 1032 |
|  ACE Securities Corp. Home Equity Loan Trust, Series 2004-RM2, Class M2<br>5.067%, (US SOFR 1 Month plus 0.910%), 1/25/35 | 28545 | 27 |
|  ACE Securities Corp. Home Equity Loan Trust, Series 2006-FM1, Class A2C<br>4.572%, (US SOFR 1 Month plus 0.415%), 7/25/36 | 6809349 | 1647 |
|  ACHV ABS Trust, Series 2024-2PL, Class A<br>5.070%, 10/27/31 144A | 175326 | 176 |
|  ACHV ABS Trust, Series 2024-2PL, Class B<br>5.430%, 10/27/31 144A | 575793 | 581 |
|  ACHV ABS Trust, Series 2024-3AL, Class A<br>5.010%, 12/26/31 144A | 236271 | 238 |
|  ACHV ABS Trust, Series 2024-3AL, Class B<br>5.450%, 12/26/31 144A | 1119298 | 1130 |
|  ACHV ABS Trust, Series 2024-3AL, Class C<br>5.680%, 12/26/31 144A | 211335 | 213 |
|  Aegis Asset Backed Securities Trust, Series 2004-6, Class M2<br>5.272%, (US SOFR 1 Month plus 1.115%), (AFC), 3/25/35 | 36932 | 35 |

---

---

| | | |
|:---|:---|:---|
| Structured Products (33.5%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Asset Backed Securities continued** |  |  |
|  Affirm Master Trust, Series 2025-1A, Class A<br>4.990%, 2/15/33 144A | 1300000 | 1310 |
|  Ally Bank Auto Credit-Linked Notes, Series 2025-A, Class A2<br>4.452%, 6/15/33 144A | 3903336 | 3912 |
|  Ameriquest Mortgage Securities, Inc., Series 2004-R5, Class M1<br>5.142%, (US SOFR 1 Month plus 0.985%), 7/25/34 | 1222 | 1 |
|  Ares European CLO X DAC, Series 10A, Class AR<br>2.806%, (EURIBOR 3 Month ACT/360 plus 0.780%), 10/15/31 144A EUR ∞ | 493542 | 579 |
|  Asset Backed Securities Corp. Home Equity Loan Trust, Series 2005-HE5, Class M4<br>5.172%, (US SOFR 1 Month plus 1.015%), 6/25/35 | 48141 | 47 |
|  Atlas Senior Loan Fund XV, Ltd., Series 2019-15A, Class A1R<br>5.539%, (US SOFR 3 Month plus 1.220%), 10/23/32 144A | 1891392 | 1893 |
|  Avis Budget Rental Car Funding AESOP LLC, Series 2024-1A, Class A<br>5.360%, 6/20/30 144A | 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4137 |
|  Bain Capital Euro CLO DAC, Series 2018-2A, Class AR<br>2.764%, (EURIBOR 3 Month ACT/360 plus 0.740%), 1/20/32 144A EUR ∞ | 128770 | 151 |
|  Bankers Healthcare Group Securitization Trust, Series 2025-2CON, Class B<br>5.170%, 9/17/36 144A | 3500000 | 3529 |
|  Bear Stearns Asset Backed Securities I Trust, Series 2007-HE6, Class 1A1<br>5.522%, (US SOFR 1 Month plus 1.365%), 8/25/37 | 11135 | 11 |
|  Bluemountain CLO, Ltd., Series 2016-3A, Class AR12<br>5.411%, (US SOFR 3 Month plus 1.200%), 11/15/30 144A | 1134658 | 1135 |
|  Cairn CLO X BV, Series 2018-10A, Class AR<br>2.806%, (EURIBOR 3 Month ACT/360 plus 0.780%), 10/15/31 144A EUR ∞ | 407768 | 479 |
|  Capital Street Master Trust, Series 2024-1, Class A<br>5.724%, (US 30 Day Average SOFR plus 1.350%), 10/16/28 144A | 1300000 | 1304 |
|  Carlyle Global Market Strategies Euro CLO, Series 2017-3A, Class A1R<br>2.726%, (EURIBOR 3 Month ACT/360 plus 0.700%), 1/15/31 144A EUR ∞ | 436257 | 511 |
|  CarMax Select Receivables Trust, Series 2025-A, Class B<br>5.010%, 9/16/30 | 2200000 | 2229 |
|  CarMax Select Receivables Trust, Series 2025-B, Class B<br>4.350%, 7/15/30 | 2250000 | 2245 |
|  Carrington Mortgage Loan Trust, Series 2005-FRE1, Class M3<br>5.037%, (US SOFR 1 Month plus 0.880%), 12/25/35 | 8016000 | 6671 |

---

**11** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Structured Products (33.5%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Asset Backed Securities continued** |  |  |
|  Carvana Auto Receivables Trust, Series 2023-P1, Class A3<br>5.980%, 12/10/27 144A | 532192 | 534 |
|  Citigroup Mortgage Loan Trust, Series 2007-AHL1, Class A2C<br>4.692%, (US SOFR 1 Month plus 0.535%), 12/25/36 | 60097 | 60 |
|  Citigroup Mortgage Loan Trust, Series 2007-FS1, Class 2A1A<br>4.000%, (US SOFR 1 Month plus 1.115%), (AFC), 10/25/37 144A | 6042955 | 5533 |
|  Countrywide Asset-Backed Certificates Trust, Series 2004-9, Class MV4<br>5.847%, (US SOFR 1 Month plus 1.690%), 11/25/34 | 43499 | 44 |
|  Countrywide Asset-Backed Certificates Trust, Series 2005-AB4, Class 2A4<br>4.972%, (US SOFR 1 Month plus 0.815%), 3/25/36 | 57668 | 52 |
|  Countrywide Asset-Backed Certificates Trust, Series 2006-1, Class AF5<br>4.423%, (AFC), 7/25/36 Σ | 67257 | 64 |
|  Countrywide Asset-Backed Certificates Trust, Series 2006-26, Class 1A<br>4.552%, (US SOFR 1 Month plus 0.395%), 6/25/37 | 283840 | 267 |
|  Countrywide Asset-Backed Certificates Trust, Series 2006-5, Class M1<br>4.797%, (US SOFR 1 Month plus 0.640%), 8/25/36 | 1023137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1007 |
|  Countrywide Asset-Backed Certificates Trust, Series 2006-BC3, Class M2<br>4.752%, (US SOFR 1 Month plus 0.595%), 2/25/37 | 900000 | 865 |
|  Countrywide Asset-Backed Certificates Trust, Series 2007-13, Class 1A<br>5.112%, (US SOFR 1 Month plus 0.955%), 10/25/47 | 735954 | 725 |
|  Countrywide Asset-Backed Certificates Trust, Series 2007-9, Class 1A<br>4.472%, (US SOFR 1 Month plus 0.315%), 6/25/47 | 637644 | 566 |
|  Countrywide Asset-Backed Certificates Trust, Series 2007-SEA1, Class 1A1<br>5.372%, (US SOFR 1 Month plus 1.215%), (AFC), 5/25/47 144A | 830616 | 702 |
|  CPS Auto Receivables Trust, Series 2025-C, Class B<br>4.710%, 12/17/29 144A | 1000000 | 1006 |
|  CPS Auto Receivables Trust, Series 2025-C, Class C<br>4.910%, 10/15/31 144A | 3500000 | 3508 |
|  CPS Auto Trust, Series 2024-A, Class B<br>5.650%, 5/15/28 144A | 1404568 | 1408 |
|  CPS Auto Trust, Series 2024-A, Class C<br>5.740%, 4/15/30 144A | 1575000 | 1592 |
|  CPS Auto Trust, Series 2024-D, Class A<br>4.910%, 6/15/28 144A | 260342 | 261 |
|  CPS Auto Trust, Series 2024-D, Class B<br>4.650%, 3/15/29 144A | 800000 | 802 |

---

---

| | | |
|:---|:---|:---|
| Structured Products (33.5%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Asset Backed Securities continued** |  |  |
|  CPS Auto Trust, Series 2024-D, Class C<br>4.760%, 1/15/31 144A | 1000000 | 1002 |
|  CRB Securitization Trust, Series 2023-1, Class A<br>6.960%, 10/20/33 144A | 50540 | 51 |
|  Credit Suisse First Boston Mortgage Securities Corp., Series 2001-HE17, Class A1<br>4.168%, (US SOFR 1 Month plus 0.735%), 1/25/32 | 1364 | 1 |
|  CVC Cordatus Loan Fund XI DAC, Series 2011-A, Class AR<br>2.676%, (EURIBOR 3 Month ACT/360 plus 0.650%), 10/15/31 144A EUR ∞ | 384730 | 452 |
|  Drive Auto Receivables Trust, Series 2024-2, Class C<br>4.670%, 5/17/32 | 3000000 | 3012 |
|  Ellington Loan Acquisition Trust, Series 2007-2, Class A1<br>5.322%, (US SOFR 1 Month plus 1.165%), 5/25/37 144A | 139127 | 137 |
|  Euro-Galaxy III CLO DAC, Series 2013-3A, Class ARRR<br>2.564%, (EURIBOR 3 Month ACT/360 plus 0.620%), 4/24/34 144A EUR ∞ | 298658 | 350 |
|  Exeter Automobile Receivables Trust, Series 2024-1A, Class B<br>5.290%, 8/15/28 | 425409 | 427 |
|  Exeter Automobile Receivables Trust, Series 2024-1A, Class C<br>5.410%, 5/15/30 | 500000 | 506 |
|  Exeter Automobile Receivables Trust, Series 2024-5A, Class C<br>4.640%, 1/15/30 | 2100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2105 |
|  Exeter Automobile Receivables Trust, Series 2025-2A, Class C<br>5.160%, 7/15/31 | 3500000 | 3543 |
|  Exeter Automobile Receivables Trust, Series 2025-4A, Class A3<br>4.390%, 9/17/29 | 5500000 | 5521 |
|  Foursight Capital Automobile Receivables Trust, Series 2024-1, Class A2<br>5.490%, 1/16/29 144A | 317053 | 318 |
|  Foursight Capital Automobile Receivables Trust, Series 2024-1, Class B<br>5.550%, 5/15/29 144A | 1000000 | 1011 |
|  Fremont Home Loan Trust, Series 2005-2, Class M4<br>5.202%, (US SOFR 1 Month plus 1.045%), 6/25/35 | 300000 | 282 |
|  GLS Auto Receivables Trust, Series 2024-1A, Class B<br>5.490%, 7/17/28 144A | 1200000 | 1205 |
|  GLS Auto Receivables Trust, Series 2024-2A, Class B<br>5.770%, 11/15/28 144A | 1200000 | 1212 |
|  GLS Auto Select Receivables Trust, Series 2023-2A, Class B<br>6.670%, 12/17/29 144A | 2000000 | 2067 |
|  GreenSky Home Improvement Trust, Series 2024-1, Class A2<br>5.880%, 7/25/59 144A | 185986 | 187 |

---

**12** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Structured Products (33.5%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Asset Backed Securities continued** |  |  |
|  GreenSky Home Improvement Trust, Series 2024-1, Class A3<br>5.550%, 7/25/59 144A | 500000 | 513 |
|  GreenSky Home Improvement Trust, Series 2024-1, Class B<br>5.870%, 7/25/59 144A | 1296453 | 1323 |
|  GreenSky Home Improvement Trust, Series 2024-1, Class C<br>6.360%, 7/25/59 144A | 463019 | 474 |
|  GSAA Home Equity Trust, Series 2006-17, Class A1<br>4.392%, (US SOFR 1 Month plus 0.235%), 11/25/36 | 44041 | 11 |
|  GSAMP Trust, Series 2004-WF, Class M2<br>5.922%, (US SOFR 1 Month plus 1.765%), 10/25/34 | 12172 | 12 |
|  GSAMP Trust, Series 2007-FM2, Class A2B<br>4.362%, (US SOFR 1 Month plus 0.205%), 1/25/37 | 134441 | 82 |
|  GSAMP Trust, Series 2007-NC1, Class A2A<br>4.372%, (US SOFR 1 Month plus 0.215%), 12/25/46 | 10889 | 5 |
|  Henley Funding, Ltd., Series 2024-7A, Class AR<br>2.929%, (EURIBOR 3 Month ACT/360 plus 0.990%), 4/25/34 144A EUR ∞ | 1400000 | 1644 |
|  Hertz Vehicle Financing III LLC, Series 2023-1A, Class A<br>5.490%, 6/25/27 144A | 2600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2615 |
|  Home Equity Loan Trust, Series 2007-FRE1, Class 2AV4<br>4.612%, (US SOFR 1 Month plus 0.455%), 4/25/37 | 500000 | 448 |
|  HSI Asset Securitization Corp. Trust, Series 2005-I1, Class 2A4<br>5.052%, (US SOFR 1 Month plus 0.895%), 11/25/35 | 96730 | 90 |
|  IndyMac Residential Asset Backed Trust, Series 2007-B, Class 2A2<br>4.592%, (US SOFR 1 Month plus 0.435%), 7/25/37 | 281405 | 157 |
|  JP Morgan Mortgage Acquisition Trust, Series 2007-CH3, Class M1<br>4.572%, (US SOFR 1 Month plus 0.415%), 3/25/37 | 400000 | 391 |
|  KKR CLO, Ltd., Series 9, Class AR2<br>5.529%, (US SOFR 3 Month plus 1.212%), 7/15/30 144A | 108865 | 109 |
|  LCM, Ltd., Series 31A, Class AR<br>5.605%, (US SOFR 3 Month plus 1.280%), 7/20/34 144A | 1000000 | 1001 |
|  Long Beach Mortgage Loan Trust, Series 2006-1, Class 2A4<br>4.872%, (US SOFR 1 Month plus 0.715%), 2/25/36 | 48313 | 43 |
|  Long Beach Mortgage Loan Trust, Series 2006-3, Class 2A4<br>4.812%, (US SOFR 1 Month plus 0.655%), 5/25/46 | 259405 | 76 |

---

---

| | | |
|:---|:---|:---|
| Structured Products (33.5%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Asset Backed Securities continued** |  |  |
|  Long Beach Mortgage Loan Trust, Series 2006-4, Class 1A<br>4.572%, (US SOFR 1 Month plus 0.415%), 5/25/36 | 1287643 | 675 |
|  Madison Park Euro Funding XIV DAC, Series 14A, Class A1R<br>2.826%, (EURIBOR 3 Month ACT/360 plus 0.800%), 7/15/32 144A EUR ∞ | 298489 | 351 |
|  MASTR Asset Backed Securities Trust, Series 2004-OPT1, Class M1<br>5.052%, (US SOFR 1 Month plus 0.895%), 2/25/34 | 550558 | 572 |
|  MASTR Asset Backed Securities Trust, Series 2004-WMC2, Class M1<br>5.172%, (US SOFR 1 Month plus 1.015%), 4/25/34 | 47563 | 48 |
|  MASTR Asset Backed Securities Trust, Series 2006-FRE2, Class A1<br>4.572%, (US SOFR 1 Month plus 0.415%), 3/25/36 | 6771496 | 6356 |
|  MASTR Asset Backed Securities Trust, Series 2006-HE3, Class A2<br>4.472%, (US SOFR 1 Month plus 0.315%), 8/25/36 | 1838164 | 523 |
|  MASTR Asset Backed Securities Trust, Series 2006-HE5, Class A3<br>4.592%, (US SOFR 1 Month plus 0.435%), 11/25/36 | 1472627 | 867 |
|  MASTR Asset Backed Securities Trust, Series 2006-WMC4, Class A5<br>4.572%, (US SOFR 1 Month plus 0.415%), 10/25/36 | 1160187 | 376 |
|  Merrill Lynch Mortgage Investors Trust, Series 2007-SD1, Class A1<br>5.172%, (US SOFR 1 Month plus 1.015%), 2/25/47 | 614719 | 363 |
|  Morgan Stanley ABS Capital I, Inc. Trust, Series 2005-HE5, Class M4<br>5.142%, (US SOFR 1 Month plus 0.985%), 9/25/35 | 6215338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5175 |
|  Morgan Stanley ABS Capital I, Inc. Trust, Series 2005-NC1, Class M2<br>4.977%, (US SOFR 1 Month plus 0.820%), 1/25/35 | 162120 | 162 |
|  Morgan Stanley ABS Capital I, Inc. Trust, Series 2005-WMC5, Class M5<br>5.262%, (US SOFR 1 Month plus 1.105%), 6/25/35 | 16113 | 16 |
|  Morgan Stanley ABS Capital I, Inc. Trust, Series 2006-HE7, Class A2C<br>4.592%, (US SOFR 1 Month plus 0.435%), 9/25/36 | 55089 | 24 |
|  Morgan Stanley ABS Capital I, Inc. Trust, Series 2006-HE8, Class A2C<br>4.412%, (US SOFR 1 Month plus 0.255%), 10/25/36 | 49362 | 22 |
|  Morgan Stanley ABS Capital I, Inc. Trust, Series 2007-HE5, Class A2C<br>4.522%, (US SOFR 1 Month plus 0.365%), 3/25/37 | 49593 | 21 |

---

**13** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Structured Products (33.5%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Asset Backed Securities continued** |  |  |
|  Morgan Stanley Dean Witter Capital I, Inc., Series 2003-NC2, Class M1<br>5.622%, (US SOFR 1 Month plus 1.465%), 2/25/33 | 8112 | 9 |
|  Morgan Stanley Home Equity Loan Trust, Series 2007-2, Class A3<br>4.502%, (US SOFR 1 Month plus 0.345%), 4/25/37 | 2583694 | 1334 |
|  Nelnet Student Loan Trust, Series 2025-BA, Class A1A<br>4.840%, 5/17/55 144A | 1100000 | 1108 |
|  Nelnet Student Loan Trust, Series 2025-BA, Class A1B<br>5.687%, (US 30 Day Average SOFR plus 1.350%), 5/17/55 144A | 1300000 | 1308 |
|  Nelnet Student Loan Trust, Series 2025-CA, Class A1A<br>4.670%, 6/22/65 144A | 3200000 | 3187 |
|  Oak Hill European Credit Partners VII DAC, Series 2018-7A, Class AR<br>2.764%, (EURIBOR 3 Month ACT/360 plus 0.740%), 10/20/31 144A EUR ∞ | 427389 | 502 |
|  OneMain Direct Auto Receivables Trust, Series 2023-1A, Class A<br>5.410%, 11/14/29 144A | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2017 |
|  OneMain Financial Issuance Trust, Series 2023-2A, Class A2<br>5.872%, (US 30 Day Average SOFR plus 1.500%), 9/15/36 144A | 2100000 | 2121 |
|  OZLM XVII, Ltd., Series 2017-17A, Class A1RR<br>5.475%, (US SOFR 3 Month plus 1.150%), 7/20/30 144A | 73540 | 74 |
|  Pagaya AI Debt Grantor Trust, Series 2024-10, Class A<br>5.183%, 6/15/32 144A | 429069 | 431 |
|  Pagaya AI Debt Grantor Trust, Series 2024-10, Class B<br>5.750%, 6/15/32 144A | 369801 | 372 |
|  Pagaya AI Debt Grantor Trust, Series 2024-10, Class C<br>5.992%, 6/15/32 144A | 379974 | 383 |
|  Pagaya AI Debt Trust, Series 2024-3, Class A<br>6.258%, 10/15/31 144A | 1249883 | 1257 |
|  Pagaya AI Debt Trust, Series 2025-5, Class B<br>5.440%, 3/15/33 144A | 4500000 | 4536 |
|  Pagaya AI Debt Trust, Series 2025-6, Class B<br>4.883%, 4/15/33 144A | 4500000 | 4497 |
|  RAAC Series, Series 2007-RP4, Class A<br>4.972%, (US SOFR 1 Month plus 0.465%), (AFC), 11/25/46 144A | 125815 | 117 |
|  RCKT Mortgage Trust, Series 2024-CES4, Class A1A<br>7.147%, (AFC), 6/25/44 144A Σ | 1691645 | 1714 |
|  RCKT Mortgage Trust, Series 2024-CES5, Class A1A<br>6.846%, (AFC), 8/25/44 144A Σ | 1327349 | 1341 |
|  RCKT Mortgage Trust, Series 2024-CES6, Class A1A<br>5.344%, (AFC), 9/25/44 144A Σ | 771361 | 774 |

---

---

| | | |
|:---|:---|:---|
| Structured Products (33.5%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Asset Backed Securities continued** |  |  |
|  RCKT Mortgage Trust, Series 2024-CES7, Class A1A<br>6.264%, (AFC), 10/25/44 144A Σ | 921165 | 923 |
|  Reach ABS Trust, Series 2024-2A, Class A<br>5.880%, 7/15/31 144A | 154750 | 156 |
|  Reach ABS Trust, Series 2024-2A, Class B<br>5.840%, 7/15/31 144A | 3500000 | 3558 |
|  Renaissance Home Equity Loan Trust, Series 2006-4, Class AF6<br>5.340%, 1/25/37 Σ | 1514158 | 454 |
|  Residential Asset Securities Corp., Series 2007-KS3, Class AI4<br>4.952%, (US SOFR 1 Month plus 0.795%), (AFC), 4/25/37 | 863406 | 842 |
|  Santander Drive Auto Receivables Trust, Series 2023-5, Class C<br>6.430%, 2/18/31 | 1600000 | 1664 |
|  Santander Drive Auto Receivables Trust, Series 2023-6, Class C<br>6.400%, 3/17/31 | 812500 | 840 |
|  Santander Drive Auto Receivables Trust, Series 2025-2, Class B<br>4.870%, 5/15/31 | 500000 | 505 |
|  Santander Drive Auto Receivables Trust, Series 2025-2, Class C<br>5.060%, 5/15/31 | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3040 |
|  Santander Drive Auto Receivables Trust, Series 2025-3, Class B<br>4.490%, 9/15/31 | 3600000 | 3621 |
|  Santander Drive Auto Receivables Trust, Series 2025-3, Class C<br>4.680%, 9/15/31 | 2600000 | 2614 |
|  Saranac CLO, Ltd., Series 2018-6A, Class A1R<br>5.439%, (US SOFR 3 Month plus 1.402%), 8/13/31 144A | 624622 | 626 |
|  Saxon Asset Securities Trust, Series 2006-1, Class M1<br>4.737%, (US SOFR 1 Month plus 0.580%), (AFC), 3/25/36 | 102185 | 101 |
|  SMB Private Education Loan Trust, Series 2024-C, Class A1A<br>5.500%, 6/17/52 144A | 1168230 | 1202 |
|  SMB Private Education Loan Trust, Series 2024-C, Class A1B<br>5.474%, (US 30 Day Average SOFR plus 1.100%), 6/17/52 144A | 417225 | 417 |
|  SMB Private Education Loan Trust, Series 2024-D, Class A1A<br>5.380%, 7/15/53 144A | 1971886 | 2023 |
|  SMB Private Education Loan Trust, Series 2024-D, Class A1B<br>5.474%, (US 30 Day Average SOFR plus 1.100%), 7/15/53 144A | 2314823 | 2307 |
|  Soundview Home Loan Trust, Series 2006-2, Class M2<br>4.797%, (US SOFR 1 Month plus 0.640%), 3/25/36 | 14332 | 14 |

---

**14** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Structured Products (33.5%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Asset Backed Securities continued** |  |  |
|  Soundview Home Loan Trust, Series 2006-OPT2, Class A4<br>4.832%, (US SOFR 1 Month plus 0.675%), 5/25/36 | 54875 | 54 |
|  Soundview Home Loan Trust, Series 2006-OPT3, Class M1<br>4.737%, (US SOFR 1 Month plus 0.580%), 6/25/36 | 6689510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6040 |
|  Stream Innovations Issuer Trust, Series 2024-1A, Class A<br>6.270%, 7/15/44 144A | 334017 | 348 |
|  Structured Asset Investment Loan Trust, Series 2005-7, Class M2<br>5.037%, (US SOFR 1 Month plus 0.880%), 8/25/35 | 156402 | 154 |
|  Structured Asset Investment Loan Trust, Series 2006-BNC3, Class A3<br>4.422%, (US SOFR 1 Month plus 0.265%), 9/25/36 | 408 | –π |
|  Structured Asset Securities Corp. Mortgage Loan Trust, Series 2006-BC4, Class A4<br>4.612%, (US SOFR 1 Month plus 0.455%), 12/25/36 | 66792 | 65 |
|  Structured Asset Securities Corp. Mortgage Loan Trust, Series 2007-WF1, Class A6<br>4.692%, (US SOFR 1 Month plus 0.535%), 2/25/37 | 29325 | 29 |
|  Tesla Lease Electric Vehicle Securitization, Series 2025-A, Class A2<br>4.140%, 6/20/28 144A | 1800000 | 1801 |
|  Toro European CLO DAC, Series 6A, Class AR<br>2.921%, (EURIBOR 3 Month ACT/360 plus 0.920%), 1/12/32 144A EUR ∞ | 434099 | 510 |
|  Toro European CLO DAC, Series 7A, Class ARE<br>2.846%, (EURIBOR 3 Month ACT/360 plus 0.810%), 2/15/34 144A EUR ∞ | 233193 | 274 |
|  Towd Point Mortgage Trust, Series 2024-CES6, Class A1<br>5.725%, (AFC), 11/25/64 144A Σ | 907413 | 915 |
|  Tralee CLO VI, Ltd., Series 2019-6A, Class A1RR<br>5.538%, (US SOFR 3 Month plus 1.220%), 10/25/32 144A | 649549 | 650 |
|  Trinitas CLO VI, Ltd., Series 2017-6A, Class ARRR<br>5.648%, (US SOFR 3 Month plus 1.330%), 1/25/34 144A | 1600000 | 1600 |
|  TSTAT, Ltd., Series 2022-1A, Class A1RR<br>5.475%, (US SOFR 3 Month plus 1.150%), 7/20/37 144A | 159293 | 159 |
|  Venture CDO, Ltd., Series 2017-28A, Class A1R<br>5.577%, (US SOFR 3 Month plus 1.252%), 7/20/30 144A | 20469 | 20 |
|  Venture CDO, Ltd., Series 2018-33A, Class A1LR<br>5.639%, (US SOFR 3 Month plus 1.322%), 7/15/31 144A | 334656 | 335 |

---

---

| | | |
|:---|:---|:---|
| Structured Products (33.5%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Asset Backed Securities continued** |  |  |
|  WaMu Asset-Backed Certificates, Series 2007- HE1, Class 1A<br>4.572%, (US SOFR 1 Month plus 0.415%), 1/25/37 | 86967 | 76 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **172267** |
|  **Mortgage Securities (20.8%)** |  |  |
|  Angel Oak Mortgage Trust, Series 2024-8, Class A1<br>6.338%, (AFC), 5/27/69 144A Σ | 2986246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2999 |
|  ATLX Trust, Series 2024-RPL1, Class A1<br>4.850%, (AFC), 4/25/64 144A Σ | 904179 | 877 |
|  BAMLL Commercial Mortgage Securities Trust, Series 2020-BOC, Class A<br>2.627%, 1/15/32 144A | 2350000 | 2076 |
|  Banc of America Funding Trust, Series 2006-J, Class 4A1<br>4.971%, (CSTR), 1/20/47 | 18661 | 16 |
|  Banc of America Funding Trust, Series 2007-6, Class A1<br>4.852%, (US SOFR 1 Month plus 0.695%), 7/25/37 | 30638 | 29 |
|  BCAP LLC Trust, Series 2009-RR14, Class 2A2<br>3.834%, (CSTR), 7/26/36 144A | 13265 | 12 |
|  BCAP LLC Trust, Series 2009-RR5, Class 3A3<br>6.250%, (CSTR), 8/26/36 144A | 2001398 | 752 |
|  Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-3, Class 4A<br>5.380%, (CSTR), 7/25/34 | 635 | 1 |
|  Bear Stearns Adjustable Rate Mortgage Trust, Series 2007-4, Class 22A1<br>4.247%, (CSTR), 6/25/47 | 45920 | 40 |
|  Bear Stearns ALT-A Trust, Series 2006-6, Class 2A1<br>4.167%, (CSTR), 11/25/36 | 101343 | 45 |
|  Benchmark Mortgage Trust, Series 2018-B5, Class A2<br>4.076%, 7/15/51 | 1696282 | 1680 |
|  Benchmark Mortgage Trust, Series 2024-V12, Class A3<br>5.738%, 12/15/57 | 2200000 | 2305 |
|  BMO Mortgage Trust, Series 2024-5C5, Class A2<br>5.462%, 2/15/57 | 1500000 | 1543 |
|  BMO Mortgage Trust, Series 2024-5C5, Class A3<br>5.857%, 2/15/57 | 5800000 | 6073 |
|  BMO Mortgage Trust, Series 2024-5C8, Class A2<br>5.152%, 12/15/57 | 2100000 | 2153 |
|  Chase Home Lending Mortgage Trust, Series 2023-RPL3, Class A1<br>3.250%, (AFC), 9/25/63 144A | 6014497 | 5447 |
|  Chase Home Lending Mortgage Trust, Series 2024-RPL1, Class A1A<br>3.250%, (AFC), 3/25/64 144A | 1231056 | 1105 |
|  Chase Home Lending Mortgage Trust, Series 2024-RPL2, Class A1A<br>3.250%, (AFC), 8/25/64 144A | 1266132 | 1134 |

---

**15** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Structured Products (33.5%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Mortgage Securities continued** |  |  |
|  Chase Home Lending Mortgage Trust, Series 2024-RPL3, Class A1A<br>3.250%, (AFC), 9/25/64 144A | 1271816 | 1141 |
|  Chase Home Lending Mortgage Trust, Series 2024-RPL4, Class A1A<br>3.375%, (AFC), 12/25/64 144A | 3058667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2768 |
|  CIM Trust, Series 2024-R1, Class A1<br>4.750%, (AFC), 6/25/64 144A | 818661 | 813 |
|  Citicorp Mortgage Securities Trust, Series 2007-8, Class 1A3<br>6.000%, 9/25/37 | 1019 | 1 |
|  Citigroup Mortgage Loan Trust, Series 2007-10, Class 22AA<br>4.487%, (CSTR), 9/25/37 | 4744 | 4 |
|  Citigroup Mortgage Loan Trust, Series 2007-10, Class 2A3A<br>6.625%, (CSTR), 9/25/37 | 3229 | 3 |
|  Citigroup Mortgage Loan Trust, Series 2007-AR4, Class 2A2A<br>4.765%, (CSTR), 3/25/37 | 232428 | 203 |
|  COLT Mortgage Loan Trust, Series 2024-3, Class A1<br>7.393%, (AFC), 6/25/69 144A Σ | 755287 | 766 |
|  Countrywide Alternative Loan Trust, Series 2004-28CB, Class 5A1<br>5.750%, 1/25/35 | 6339 | 6 |
|  Countrywide Alternative Loan Trust, Series 2005-1CB, Class 2A1<br>6.000%, 3/25/35 | 256108 | 114 |
|  Countrywide Alternative Loan Trust, Series 2005-59, Class 1A1<br>4.910%, (US SOFR 1 Month plus 0.775%), 11/20/35 | 2946 | 3 |
|  Countrywide Alternative Loan Trust, Series 2005-76, Class 1A1<br>5.633%, (Federal Reserve US 12 Month Cumulative Avg 1 year CMT plus 1.480%), 1/25/36 | 8083 | 8 |
|  Countrywide Alternative Loan Trust, Series 2005-79CB, Class A3<br>5.500%, 1/25/36 | 96075 | 52 |
|  Countrywide Alternative Loan Trust, Series 2005-J1, Class 1A8<br>5.500%, 2/25/35 | 75036 | 69 |
|  Countrywide Alternative Loan Trust, Series 2005-J1, Class 3A1<br>6.500%, 8/25/32 | 579 | 1 |
|  Countrywide Alternative Loan Trust, Series 2005-J11, Class 1A13<br>5.500%, 11/25/35 | 142557 | 78 |
|  Countrywide Alternative Loan Trust, Series 2006-45T1, Class 1A13<br>6.000%, 2/25/37 | 103854 | 37 |
|  Countrywide Alternative Loan Trust, Series 2006-5T2, Class A1<br>4.772%, (US SOFR 1 Month plus 0.615%), 4/25/36 | 315964 | 106 |
|  Countrywide Alternative Loan Trust, Series 2006-HY10, Class 2A1<br>5.341%, (CSTR), 5/25/36 | 3726 | 4 |

---

---

| | | |
|:---|:---|:---|
| Structured Products (33.5%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Mortgage Securities continued** |  |  |
|  Countrywide Alternative Loan Trust, Series 2006-OA12, Class A1B<br>4.440%, (US SOFR 1 Month plus 0.305%), 9/20/46 | 3129 | 3 |
|  Countrywide Alternative Loan Trust, Series 2006-OA17, Class 1A1A<br>4.445%, (US SOFR 1 Month plus 0.310%), 12/20/46 | 17282 | 15 |
|  Countrywide Alternative Loan Trust, Series 2006-OA2, Class A1<br>4.670%, (US SOFR 1 Month plus 0.535%), 5/20/46 | 231145 | 207 |
|  Countrywide Alternative Loan Trust, Series 2006-OA9, Class 2A1A<br>4.670%, (US SOFR 1 Month plus 0.535%), 7/20/46 | 4879 | 4 |
|  Countrywide Alternative Loan Trust, Series 2007-9T1, Class 2A2<br>6.000%, 5/25/37 | 214715 | 89 |
|  Countrywide Alternative Loan Trust, Series 2007-AL1, Class A1<br>4.522%, (US SOFR 1 Month plus 0.365%), 6/25/37 | 2957035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2491 |
|  Countrywide Alternative Loan Trust, Series 2007-OA3, Class 1A1<br>4.552%, (US SOFR 1 Month plus 0.395%), 4/25/47 | 20290 | 19 |
|  Countrywide Home Loan Mortgage Pass-Through Trust, Series 2005-22, Class 3A1<br>4.513%, (CSTR), 10/25/35 | 6947 | 6 |
|  Countrywide Home Loan Mortgage Pass-Through Trust, Series 2005-HYB8, Class 1A1<br>5.364%, (CSTR), 12/20/35 | 155 | –π |
|  Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-16, Class 2A1<br>6.500%, 11/25/36 | 13118 | 4 |
|  Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-9, Class A1<br>6.000%, 5/25/36 | 94341 | 42 |
|  Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-OA4, Class A1<br>5.113%, (Federal Reserve US 12 Month Cumulative Avg 1 year CMT plus 0.960%), 4/25/46 | 33967 | 9 |
|  Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-OA4, Class A2<br>4.812%, (US SOFR 1 Month plus 0.655%), 4/25/46 | 900138 | 257 |
|  Countrywide Home Loan Mortgage Pass-Through Trust, Series 2007-HYB1, Class 3A1<br>4.228%, (CSTR), 3/25/37 | 4106 | 4 |
|  Credit Suisse First Boston Mortgage Securities Corp., Series 2003-8, Class 5A1<br>6.500%, 4/25/33 | 175 | –π |
|  Credit Suisse Mortgage Trust, Series 2014-6R, Class 3A2<br>5.145%, (CSTR), 9/27/35 144A | 107003 | 92 |

---

**16** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Structured Products (33.5%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Mortgage Securities continued** |  |  |
|  Credit Suisse Mortgage Trust, Series 2021-RPL3, Class A1<br>2.000%, 1/25/60 144A | 5469034 | 4853 |
|  Cross Mortgage Trust, Series 2024-H4, Class A1<br>7.147%, (AFC), 7/25/69 144A ∑ | 715468 | 725 |
|  Cross Mortgage Trust, Series 2024-H6, Class A1<br>5.129%, (AFC), 9/25/69 144A | 2015351 | 2016 |
|  Cross Mortgage Trust, Series 2025-H6, Class A1<br>5.181%, (AFC), 7/25/70 144A | 1875423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1880 |
|  Deutsche ALT-A Securities, Inc. Mortgage Loan Trust, Series 2005-6, Class 2A3<br>5.500%, 12/25/35 | 239536 | 203 |
|  EMF-NL BV, Series 2008-APRX, Class A2<br>2.842%, (EURIBOR 3 Month ACT/360 plus 0.800%), 4/17/41 EUR §,∞ | 13209 | 15 |
|  Federal Home Loan Mortgage Corp., Series 5426, Class CF<br>5.245%, (US 30 Day Average SOFR plus 0.900%), 12/15/50 | 1847567 | 1840 |
|  Federal National Mortgage Association, Series 2003-W6, Class F<br>4.821%, (US 30 Day Average SOFR plus 0.465%), 9/25/42 | 9929 | 10 |
|  Federal National Mortgage Association, Series 2024-54, Class FC<br>5.326%, (US 30 Day Average SOFR plus 0.970%), 8/25/54 | 1531119 | 1538 |
|  First Horizon Mortgage Pass-Through Trust, Series 2007-2, Class 1A5<br>5.750%, 5/25/37 | 142024 | 42 |
|  GCAT Trust, Series 2024-NQM2, Class A1<br>7.359%, (AFC), 6/25/59 144A ∑ | 605955 | 613 |
|  Government National Mortgage Association, Series 2019-H20, Class FC<br>4.966%, (US SOFR 1 Month plus 0.615%), 11/20/69 | 69914 | 70 |
|  Government National Mortgage Association, Series 2020-H08, Class FC<br>5.116%, (US SOFR 1 Month plus 0.765%), 2/20/70 | 31852 | 32 |
|  Greystone CRE Notes LLC, Series 2025-FL4, Class A<br>5.631%, (US SOFR 1 Month plus 1.481%), 1/15/43 144A | 2300000 | 2305 |
|  GSR Mortgage Loan Trust, Series 2005-AR6, Class 1A1<br>6.363%, (CSTR), 9/25/35 | 127 | –π |
|  GSR Mortgage Loan Trust, Series 2006-2F, Class 3A6<br>6.000%, 2/25/36 | 68667 | 29 |
|  GSR Mortgage Loan Trust, Series 2006-AR1, Class 2A1<br>4.668%, (CSTR), 1/25/36 | 674 | 1 |
|  GSR Mortgage Loan Trust, Series 2007-AR1, Class 2A1<br>4.245%, (CSTR), 3/25/47 | 5849 | 3 |

---

---

| | | |
|:---|:---|:---|
| Structured Products (33.5%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Mortgage Securities continued** |  |  |
|  HarborView Mortgage Loan Trust, Series 2005-10, Class 2A1A<br>4.868%, (US SOFR 1 Month plus 0.735%), (AFC), 11/19/35 | 2800 | 2 |
|  HarborView Mortgage Loan Trust, Series 2005-3, Class 2A1A<br>4.728%, (US SOFR 1 Month plus 0.595%), (AFC), 6/19/35 | 5617 | 6 |
|  HomeBanc Mortgage Trust, Series 2005-1, Class A1<br>4.772%, (US SOFR 1 Month plus 0.615%), 3/25/35 | 2031 | 2 |
|  HSI Asset Securitization Corp. Trust, Series 2006-NC1, Class 2A<br>4.712%, (US SOFR 1 Month plus 0.555%), 11/25/35 | 696923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;656 |
|  IndyMac INDX Mortgage Loan Trust, Series 2004-AR6, Class 5A1<br>4.954%, (CSTR), 10/25/34 | 10476 | 10 |
|  IndyMac INDX Mortgage Loan Trust, Series 2005-AR12, Class 2A1A<br>4.752%, (US SOFR 1 Month plus 0.595%), (AFC), 7/25/35 | 887 | 1 |
|  IndyMac INDX Mortgage Loan Trust, Series 2005-AR14, Class 2A1A<br>4.872%, (US SOFR 1 Month plus 0.715%), 7/25/35 | 6759 | 5 |
|  JP Morgan Mortgage Trust, Series 2005-ALT1, Class 2A1<br>5.424%, (CSTR), 10/25/35 | 4555 | 3 |
|  JP Morgan Mortgage Trust, Series 2007-A1, Class 6A1<br>5.456%, (CSTR), 7/25/35 | 2046 | 2 |
|  JP Morgan Mortgage Trust, Series 2007-A4, Class 3A1<br>5.258%, (CSTR), 6/25/37 | 24834 | 19 |
|  JP Morgan Mortgage Trust, Series 2024-5, Class A11<br>5.606%, (US 30 Day Average SOFR plus 1.250%), (AFC), 11/25/54 144A | 1056472 | 1054 |
|  LoanCore Issuer, Ltd., Series 2022-CRE7, Class A<br>5.931%, (US 30 Day Average SOFR plus 1.550%), 1/17/37 144A | 2495796 | 2497 |
|  Luminent Mortgage Trust, Series 2006-6, Class A1<br>4.672%, (US SOFR 1 Month plus 0.515%), 10/25/46 | 548309 | 502 |
|  Merrill Lynch Mortgage Investors Trust, Series 2006-A3, Class 6A1<br>5.207%, (CSTR), 5/25/36 | 5064 | 5 |
|  MF1, Series 2022-FL8, Class A<br>5.484%, (US SOFR 1 Month plus 1.350%), 2/19/37 144A | 718769 | 719 |
|  Mill City Mortgage Loan Trust, Series 2018-1, Class A1<br>3.250%, (AFC), 5/25/62 144A | 151653 | 150 |
|  New Residential Mortgage Loan Trust, Series 2021-NQ1R, Class A3<br>1.198%, (AFC), 7/25/55 144A | 472938 | 429 |

---

**17** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Structured Products (33.5%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Mortgage Securities continued** |  |  |
|  New Residential Mortgage Loan Trust, Series 2023-NQM1, Class A1A<br>7.864%, (AFC), 10/25/63 144A Σ | 2540825 | 2576 |
|  OBX Trust, Series 2023-NQM8, Class A1<br>8.045%, (AFC), 9/25/63 144A Σ | 1701498 | 1726 |
|  OBX Trust, Series 2023-NQM9, Class A1<br>8.159%, (AFC), 10/25/63 144A Σ | 3106844 | 3159 |
|  OBX Trust, Series 2024-HYB2, Class A1<br>3.688%, (CSTR), 4/25/53 144A | 2367034 | 2330 |
|  OBX Trust, Series 2024-NQM8, Class A1<br>7.233%, (AFC), 5/25/64 144A Σ | 684791 | 694 |
|  OPEN Trust, Series 2023-AIR, Class A<br>7.239%, (US SOFR 1 Month plus 3.089%), 11/15/40 144A | 234045 | 234 |
|  Pretium Mortgage Credit Partners Trust, Series 2024-NPL8, Class A1<br>5.963%, (AFC), 11/25/54 144A Σ | 841440 | 842 |
|  PRPM Trust, Series 2023-NQM2, Class A1<br>7.250%, (AFC), 8/25/68 144A Σ | 2075233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2089 |
|  PRPM Trust, Series 2024-6, Class A1<br>5.699%, (AFC), 11/25/29 144A Σ | 900771 | 901 |
|  PRPM Trust, Series 2024-NQM1, Class A1<br>7.265%, (AFC), 12/25/68 144A Σ | 711208 | 719 |
|  PRPM Trust, Series 2024-NQM2, Class A1<br>7.292%, (AFC), 6/25/69 144A Σ | 762951 | 780 |
|  PRPM Trust, Series 2024-NQM3, Class A1<br>6.239%, (AFC), 8/25/69 144A Σ | 2316003 | 2321 |
|  Residential Accredit Loans, Inc., Series 2006- QA7, Class 1A1<br>4.652%, (US SOFR 1 Month plus 0.495%), 8/25/36 | 3043 | 3 |
|  Residential Accredit Loans, Inc., Series 2006- QA8, Class A1<br>4.652%, (US SOFR 1 Month plus 0.495%), 9/25/36 | 8979 | 8 |
|  Residential Asset Securitization Trust, Series 2007-A2, Class 2A2<br>6.500%, 4/25/37 | 3311462 | 875 |
|  Securitized Asset Backed Receivables LLC Trust, Series 2005-FR4, Class M2<br>5.232%, (US SOFR 1 Month plus 1.075%), 1/25/36 | 22695 | 22 |
|  Sequoia Mortgage Trust, Series 2024-HYB1, Class A1A<br>4.442%, 11/25/63 144A | 1373278 | 1383 |
|  Specialty Underwriting & Residential Finance Trust, Series 2005-BC2, Class M3<br>5.247%, (US SOFR 1 Month plus 1.090%), 12/25/35 | 36189 | 36 |
|  Structured Adjustable Rate Mortgage Loan Trust, Series 2005-19XS, Class 1A1<br>4.592%, (US SOFR 1 Month plus 0.435%), 10/25/35 | 23832 | 23 |
|  Structured Asset Mortgage Investments II Trust, Series 2005-AR8, Class A2<br>6.226%, (Federal Reserve US 12 Month Cumulative Avg 1 year CMT plus 1.480%), 2/25/36 | 172870 | 148 |

---

---

| | | |
|:---|:---|:---|
| Structured Products (33.5%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Mortgage Securities continued** |  |  |
|  Structured Asset Mortgage Investments II Trust, Series 2006-AR6, Class 1A1<br>4.632%, (US SOFR 1 Month plus 0.475%), (AFC), 7/25/46 | 109761 | 95 |
|  Suntrust Alternative Loan Trust, Series 2005- 1F, Class 1A1<br>4.922%, (US SOFR 1 Month plus 0.765%), 12/25/35 | 3522 | 3 |
|  Towd Point Mortgage Trust, Series 2015-4, Class B2<br>4.089%, (CSTR, AFC), 4/25/55 144A | 2500000 | 2446 |
|  Towd Point Mortgage Trust, Series 2017-2, Class M1<br>3.750%, (AFC), 4/25/57 144A | 2500000 | 2469 |
|  Towd Point Mortgage Trust, Series 2024-4, Class A1A<br>4.541%, (AFC), 10/27/64 144A | 1958483 | 1962 |
|  Uniform Mortgage Backed Security TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/12/50 | 6000000 | 5653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/14/55 | 12000000 | &nbsp;&nbsp;&nbsp;&nbsp;11638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/13/55 | 12700000 | 12313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/13/55 | 40200000 | 39843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/15/54 | 42000000 | 42898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 11/15/54 | 68900000 | 71246 |
|  Verus Securitization Trust, Series 2023-4, Class A1<br>5.811%, (AFC), 5/25/68 144A Σ | 570039 | 572 |
|  Verus Securitization Trust, Series 2023-7, Class A1<br>7.070%, (AFC), 10/25/68 144A Σ | 1836487 | 1865 |
|  Verus Securitization Trust, Series 2024-INV1, Class A1<br>6.116%, (AFC), 3/25/69 144A Σ | 2589065 | 2619 |
|  Verus Securitization Trust, Series 2024-R1, Class A1<br>5.218%, 9/25/69 144A | 838059 | 838 |
|  WaMu Mortgage Pass-Through Certificates, Series 2002-AR19, Class A6<br>5.644%, (CSTR, AFC), 2/25/33 | 366 | –π |
|  WaMu Mortgage Pass-Through Certificates, Series 2006-AR12, Class 3A3<br>3.866%, (CSTR), 10/25/36 | 9561 | 8 |
|  WaMu Mortgage Pass-Through Certificates, Series 2006-AR2, Class 1A1<br>4.577%, (CSTR), 3/25/36 | 83876 | 76 |
|  WaMu Mortgage Pass-Through Certificates, Series 2006-AR8, Class 2A1<br>4.554%, (CSTR), 8/25/36 | 4970 | 5 |
|  WaMu Mortgage Pass-Through Certificates, Series 2007-HY1, Class 3A1<br>4.108%, (CSTR), 2/25/37 | 1862 | 2 |
|  WaMu Mortgage Pass-Through Certificates, Series 2007-OA3, Class 4A2<br>4.853%, (Federal Reserve US 12 Month Cumulative Avg 1 year CMT plus 0.700%), 4/25/47 | 194810 | 161 |
|  Wells Fargo Alternative Loan Trust, Series 2007-PA4, Class 2A1<br>6.443%, (CSTR), 7/25/37 | 19565 | 18 |

---

**18** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Structured Products (33.5%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Mortgage Securities continued** |  |  |
|  Wells Fargo Commercial Mortgage Trust, Series 2024-5C2, Class A2<br>5.439%, 11/15/57 | 3300000 | 3412 |
|  Wells Fargo Commercial Mortgage Trust, Series 2024-5C2, Class A3<br>5.920%, (AFC), 11/15/57 | 2600000 | 2738 |
|  Wells Fargo Mortgage Backed Securities Trust, Series 2006-AR5, Class 2A1<br>6.678%, (CSTR), 4/25/36 | 15217 | 15 |
|  Wells Fargo Mortgage Backed Securities Trust, Series 2007-AR8, Class A1<br>6.156%, (CSTR), 11/25/37 | 11692 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **283718** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Structured Products (Cost: $457,346)** | &nbsp;&nbsp;&nbsp;&nbsp; **Total Structured Products (Cost: $457,346)** | **455985** |
| Bank Loan Obligations (4.8%) |  |  |
|  **Bank Loan Obligations (4.8%)** |  |  |
|  Albion Financing 3 SARL, 5.024%, (EURIBOR 3 Month ACT/360 plus 3.000%), 5/21/31 EUR ∞ | 1400000 | 1651 |
|  Amentum Holdings, Inc., 6.413%, (US SOFR 1 Month plus 2.250%), 9/29/31 | 1040000 | 1039 |
|  AmSurg Corp. First Out, 12.230%, (US SOFR 3 Month plus 7.875%), 7/20/26Æ | 281436 | 281 |
|  AmSurg Corp. Last Out, 12.230%, (US SOFR 3 Month plus 7.875%), 11/3/28Þ | 1059850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1092 |
|  Avolon TLB Borrower 1 US LLC, 5.885%, (US SOFR 1 Month plus 1.750%), 6/24/30 | 1149561 | 1150 |
|  Bank of Industry, Ltd., 3.803%, (EURIBOR 3 Month ACT/360 plus 1.700%), 8/23/27 EUR ∞ | 3000000 | 3495 |
|  Charter Communications Operating LLC, 6.541%, (US SOFR 3 Month plus 2.250%), 12/15/31 | 563940 | 564 |
|  Cotiviti, Inc., 7.030%, (US SOFR 1 Month plus 2.750%), 5/1/31 | 2856645 | 2803 |
|  Directv Financing LLC, 9.820%, (US SOFR 1 Month plus 5.250%), 8/2/29 | 926750 | 927 |
|  Finastra USA, Inc., 8.038%, (US SOFR 3 Month plus 4.000%), 7/30/32 | 2000000 | 1991 |
|  First Student Bidco, Inc., 6.711%, (US SOFR 3 Month plus 2.500%), 8/15/30 | 994924 | 995 |
|  Fortress Intermediate 3, Inc., 7.255%, (US SOFR 1 Month plus 3.000%), 6/27/31 | 1389500 | 1393 |
|  GFL Environmental Services, Inc., 6.671%, (US SOFR 3 Month plus 2.500%), 3/3/32 | 725000 | 724 |
|  Global Medical Response, Inc., 7.634%, (US SOFR 1 Month plus 3.500%), 10/1/32 | 400000 | 400 |
|  Goat Holdco LLC, 6.913%, (US SOFR 1 Month plus 2.750%), 1/27/32 | 1293500 | 1294 |
|  INEOS US Finance LLC, 7.413%, (US SOFR 1 Month plus 3.250%), 2/18/30 | 798995 | 721 |
|  INEOS US Finance LLC, 7.163%, (US SOFR 1 Month plus 3.000%), 2/7/31 | 102711 | 92 |
|  ION Platform Finance US, Inc., 7.886%, (US SOFR 1 Month plus 3.750%), 9/30/32 | 1400000 | 1386 |
|  Kaseya, Inc., 7.413%, (US SOFR 1 Month plus 3.250%), 3/20/32 | 995000 | 996 |

---

---

| | | |
|:---|:---|:---|
| Bank Loan Obligations (4.8%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Bank Loan Obligations continued** | **Bank Loan Obligations continued** |  |
|  LifePoint Health, Inc., 8.068%, (US SOFR 3 Month plus 3.750%), 5/19/31 | 992500 | 990 |
|  LifePoint Health, Inc., 7.660%, (US SOFR 3 Month plus 3.500%), 5/19/31 | 1485031 | 1477 |
|  Modena Buyer LLC, 8.808%, (US SOFR 3 Month plus 4.500%), 7/1/31 | 638232 | 630 |
|  Newfold Digital Holdings Group, Inc., 7.838%, (US SOFR 3 Month plus 3.500%), 2/10/28Æ | 2574743 | 1867 |
|  Novelis Holdings, Inc., 5.750%, (US SOFR 3 Month plus 1.750%), 3/11/32 | 1890500 | 1893 |
|  OCS Group Holdings, Ltd., 9.961%, (SONIO plus 5.750%), 11/28/31 GBP ∞ | 2500000 | 3354 |
|  Paradigm Parent LLC, 8.822%, (US SOFR 3 Month plus 4.500%), 4/16/32 | 1400000 | 1254 |
|  Qnity Electronics, Inc., 6.163%, (US SOFR 1 Month plus 2.000%), 8/12/32 | 700000 | 699 |
|  QualityTech LP, 7.723%, (US SOFR plus 3.500%), 10/30/31 | 1393000 | 1393 |
|  QuidelOrtho Corp., 8.002%, (US SOFR 3 Month plus 4.000%), 8/20/32 | 1200000 | 1193 |
|  Quikrete Holdings, Inc., 6.413%, (US SOFR 1 Month plus 2.250%), 2/10/32 | 1293500 | 1293 |
|  Republic of Panama, 3.837%, (EURIBOR 6 Month ACT/360 plus 1.750%), 3/5/27 EUR∞,Æ | 1900000 | 2234 |
|  Republic of Turkey, 8.343%, (EURIBOR 6 Month ACT/360 plus 6.210%), 4/27/31 EUR∞,Æ | 1700000 | 2161 |
|  Restaurant Brands International, 5.913%, (US SOFR 1 Month plus 1.750%), 9/20/30 | 2370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2360 |
|  Rockpoint Gas Storage Partners LP, 7.002%, (US SOFR 3 Month plus 3.000%), 9/18/31 | 1288509 | 1292 |
|  Setanta Aircraft Leasing DAC, 5.752%, (US SOFR 3 Month plus 1.750%), 11/5/28 | 1400000 | 1406 |
|  SOCAR Turkey Enerji AS, 5.535%, (EURIBOR 6 Month ACT/360 plus 3.450%), 8/11/26 EUR∞ | 5800000 | 6809 |
|  Standard Industries, Inc., 5.885%, (US SOFR 1 Month plus 1.750%), 9/22/28 | 385225 | 386 |
|  Station Casinos LLC, 6.163%, (US SOFR 1 Month plus 2.000%), 3/14/31 | 1182000 | 1182 |
|  Stepstone Group MidCo 2 GmbH, 6.673%, (EURIBOR 6 Month ACT/360 plus 4.500%), 4/26/32 EUR∞ | 1650000 | 1902 |
|  Stonepeak Nile Parent LLC, 7.079%, (US SOFR 3 Month plus 2.750%), 4/9/32 | 1200000 | 1199 |
|  US Renal Care, Inc., 9.278%, (US SOFR 1 Month plus 5.000%), 6/28/28 | 989873 | 942 |
|  VEON Amsterdam, 8.548%, (US SOFR 3 Month plus 4.250%), 3/25/27Æ | 950000 | 949 |
|  Wand NewCo 3, Inc., 6.663%, (US SOFR 1 Month plus 2.500%), 1/30/31 | 324825 | 323 |
|  X Corp., 9.500%, 10/26/29 | 1100000 | 1103 |
|  X Corp., 10.958%, (US SOFR 3 Month plus 6.500%), 10/26/29 | 2083929 | 2042 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Bank Loan Obligations (Cost: $64,453)** |  | **65327** |
| Warrants (0.0%) |  |  |
|  **Consumer, Cyclical (0.0%)** |  |  |
|  Spirit Airlines, Inc. \* | 7627 | 3 |

---

**19** 

------

Multi-Sector Bond Portfolio

---

| | | |
|:---|:---|:---|
| Warrants (0.0%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Consumer, Cyclical continued** |  |  |
|  Spirit Airlines, Inc. 144A\* | 5499 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **5** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Warrants (Cost: $162)** |  | **5** |
| Short-Term Investments (9.2%) |  |  |
|  **Financial (0.0%)** |  |  |
|  Kaisa Group Holdings, Ltd.<br>0.000%, 12/31/25§ | 45656 | 1 |
|  Samhallsbyggnadsbolaget I Norden Holding AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 8/4/26 EUR§,∞ | 600000 | 680 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **681** |
|  **Governments (0.1%)** |  |  |
|  US Treasury |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 10/2/25 | 254000 | 254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 10/9/25 | 8000 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 10/21/25b | 71000 | 71 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 10/30/25b | 243000 | 242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 12/11/25b | 1006000 | 998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 1/27/26b | 4000 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **1577** |
|  **Repurchase Agreements (9.1%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of Nova Scotia, 2.520%, 10/14/25<br>(Purchased on 9/26/25, to be repurchased at CAD 20,020,712, collateralized by a Province of Ontario Government Bond, 2.90%, due 6/2/49, par and fair value of CAD 27,000,000 and CAD 20,907,180, respectively) CAD∞ | 20000000 | &nbsp;&nbsp;&nbsp;&nbsp;14371 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of Nova Scotia, 2.530%, 10/3/25<br>(Purchased on 9/18/25, to be repurchased at CAD 20,019,408, collateralized by a Province of Manitoba Government Bond, 3.20%, due 3/5/50, par and fair value of CAD 25,600,000 and CAD 20,490,752, respectively) CAD∞ | 20000000 | 14371 |

---

---

| | | |
|:---|:---|:---|
| Short-Term Investments (9.2%) | Shares/ Par <sup>+</sup> | Value<br>$(000's) |
|  **Repurchase Agreements continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce,<br>2.520%, 10/15/25 (Purchased on 9/29/25, to be repurchased at CAD 20,019,332, collateralized by a Province of Quebec Government Bond, 2.85%, due 12/1/53, par and fair value of CAD 27,229,000 and CAD 20,148,371, respectively) CAD∞ | 20000000 | 14371 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup Global Markets, Inc., 4.230%, 10/1/25 (Purchased on 9/30/25, to be repurchased at $6,000,705, collateralized by a US Treasury Note, 1.50%, due 8/15/26, par and fair value of $6,233,800 and $6,113,994, respectively) | 6000000 | 6000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deutsche Bank Securities, Inc., 4.270%, 10/2/25 (Purchased on 9/29/25, to be repurchased at $100,024, collateralized by a US Treasury Bond, 4.375%, due 5/15/41, par and fair value of $102,100 and $100,289, respectively) | 100000 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deutsche Bank Securities, Inc., 4.300%, 10/2/25 (Purchased on 9/29/25, to be repurchased at $73,917,654, collateralized by a US Treasury Note, 0.125%, due 7/15/26, par and fair value of $75,662,439 and $75,411,216, respectively) | 73900000 | 73900 |
|  **Total** | **Total** | **123113** |
|  **Total Short-Term Investments (Cost: $125,476)** | **Total Short-Term Investments (Cost: $125,476)** | **125371** |
|  **Total Investments (113.2%) (Cost: $1,558,967)<sup>@</sup>** | **Total Investments (113.2%) (Cost: $1,558,967)<sup>@</sup>** | **1539562** |
|  **Other Assets, Less Liabilities (-13.2%)** | **Other Assets, Less Liabilities (-13.2%)** | **(179718)** |
|  **Net Assets (100.0%)** | **Net Assets (100.0%)** | **1359844** |

---

**Reverse Repurchase Agreements** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference Entity | Counterparty | Interest<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowing <br> Date | Maturity <br> Date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Currency | Amount<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowed <br> (000's) | Payable for<br>Reverse<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repurchase <br> Agreements<br>(000s) |
|  Serbia International Bond | Barclays Bank PLC | 3.950% | 9/18/25 | Open | USD | (888) | $(888) |
|  |  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(888) |

---

**Exchange Traded or Centrally Cleared Derivatives** 

**Futures** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Issuer | Long/<br>Short | Currency | Notional Par<br>(000's) | Number<br>of<br>Contracts | Expiration<br>Date | Notional Value<br>(000's) | Unrealized<br> Appreciation/<br> (Depreciation)<br>(000's) | Variation Margin<br>(000's) |
|  Euro-Bobl Future | Long | EUR | 34400 | 344 | 12/25 | $47580 | $13 | $8 |
|  Euro-BTP Future | Long | EUR | 13200 | 132 | 12/25 | 18572 | 23 | 8 |
|  Euro-Bund Future | Long | EUR | 1800 | 18 | 12/25 | 2717 | 11 | (1) |
|  Euro-Buxl Future | Long | EUR | 2400 | 24 | 12/25 | 3226 | 73 | (6) |
|  Euro-OAT Future | Short | EUR | 12100 | 121 | 12/25 | 17239 | (10) | (1) |
|  Euro-Schatz Future | Long | EUR | 40500 | 405 | 12/25 | 50868 | (48) | **–**π |

---

**20** 

------

Multi-Sector Bond Portfolio

**Futures (continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Issuer | Long/<br>Short | Currency | Notional Par<br>(000's) | Number<br>of<br>Contracts | Expiration<br>Date | Notional Value<br>(000's) | Unrealized<br> Appreciation/<br> (Depreciation)<br>(000's) | Variation Margin<br>(000's) |
|  Five-Year US Treasury Note Future | Long | USD | 59700 | 597 | 12/25 | $65190 | $(33) | $23 |
|  Long Gilt Future | Short | GBP | 600 | 6 | 12/25 | 733 | (4) | –π |
|  Ten-Year Canadian Treasury Note Future | Long | CAD | 4300 | 43 | 12/25 | 3784 | 79 | –π |
|  Ten-Year US Treasury Note Future | Long | USD | 28600 | 286 | 12/25 | 32175 | (8) | (4) |
|  Two-Year US Treasury Note Future | Long | USD | 59000 | 295 | 12/25 | 61478 | 12 | 32 |
|  Ultra Long-Term US Treasury Bond Future | Long | USD | 3600 | 36 | 12/25 | 4322 | 129 | (20) |
|  Ultra Ten-Year US Treasury Note Future | Long | USD | 39600 | 396 | 12/25 | 45571 | 431 | (25) |
|  US Treasury Long Bond Future | Short | USD | 600 | 6 | 12/25 | 700 | (16) | 1 |
|  |  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;652 | $15 |

---

**Centrally Cleared Interest Rate Swaps - Receive Floating Rate** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Floating Rate Index | Fixed<br>Rate | Expiration<br>Date | Notional<br>Amount<br>(000's) | Currency | Upfront<br>Premium Paid/<br>(Received)<br>(000's) | Unrealized<br>Appreciation/<br>(Depreciation)<br>(000's) | Market Value<br>(000's) | Variation<br> Margin(000's)  |
|  1-Day USD-SOFR Compounded-OIS | 3.000% | 3/27 | 4800 | USD | $46 | $(12) | $34 | $(2) |
|  1-Day USD-SOFR Compounded-OIS | 3.250% | 6/30 | 34300 | USD | 294 | (104) | 190 | (18) |
|  1-Day USD-SOFR Compounded-OIS | 3.908% | 3/35 | 500 | USD |  | (11) | (11) | –π |
|  1-Day USD-SOFR Compounded-OIS | 3.874% | 3/35 | 800 | USD |  | (16) | (16) | –π |
|  1-Day USD-SOFR Compounded-OIS | 3.899% | 3/35 | 800 | USD |  | (17) | (17) | –π |
|  1-Day USD-SOFR Compounded-OIS | 3.905% | 3/35 | 800 | USD |  | (18) | (18) | –π |
|  1-Day USD-SOFR Compounded-OIS | 3.250% | 3/35 | 35600 | USD | 2261 | (1178) | 1083 | (6) |
|  1-Day USD-SOFR Compounded-OIS | 3.930% | 3/35 | 1600 | USD |  | (39) | (39) | –π |
|  1-Day USD-SOFR Compounded-OIS | 3.700% | 5/35 | 22034 | USD | (252) | 114 | (138) | (3) |
|  1-Day USD-SOFR Compounded-OIS | 3.250% | 6/35 | 14400 | USD | 636 | (173) | 463 | (3) |
|  1-Day USD-SOFR Compounded-OIS | 3.500% | 12/54 | 3100 | USD | 22 | 214 | 236 | 6 |
|  1-Day USD-SOFR Compounded-OIS | 3.250% | 6/55 | 7600 | USD | 1011 | (92) | 919 | 15 |
|  6-Month CZK-PRIBOR | 3.575% | 7/30 | 70795 | CZK | 53 | (3) | 50 | 1 |
|  6-Month EURIBOR | 2.510% | 4/35 | 1000 | EUR |  | 15 | 15 | 1 |
|  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4071 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1320) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2751 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) |

---

**Centrally Cleared Interest Rate Swaps - Pay Floating Rate** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Floating Rate Index | Fixed<br>Rate | Expiration<br>Date | Notional<br>Amount<br>(000's) | Currency | Upfront<br>Premium Paid/<br>(Received)<br>(000's) | Unrealized<br>Appreciation/<br>(Depreciation)<br>(000's) | Market Value<br>(000's) | Variation<br> Margin(000's)  |
|  1-Day GBP-SONIO Compounded-OIS | 3.750% | 9/30 | 26200 | GBP | $(134) | $(6) | $(140) | $(2) |
|  1-Day GBP-SONIO Compounded-OIS | 3.750% | 3/31 | 5200 | GBP | (7) | (24) | (31) | (1) |
|  1-Day GBP-SONIO Compounded-OIS | 4.000% | 9/35 | 2700 | GBP | (78) | 33 | (45) | (1) |
|  1-Day GBP-SONIO Compounded-OIS | 4.500% | 9/55 | 1090 | GBP | (75) | 43 | (32) | –π |
|  1-Year BRL-CDI | 13.926% | 1/27 | 6400 | BRL |  | (5) | (5) | –π |
|  1-Year BRL-CDI | 13.927% | 1/27 | 50900 | BRL |  | (36) | (36) | –π |
|  1-Year BRL-CDI | 13.320% | 1/29 | 3600 | BRL |  |  | -π | 1 |

---

**21** 

------

Multi-Sector Bond Portfolio

**Centrally Cleared Interest Rate Swaps - Pay Floating Rate (continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Floating Rate Index | Fixed<br>Rate | Expiration<br>Date | Notional<br>Amount<br>(000's) | Currency | Upfront<br> Premium Paid/<br>(Received)<br>(000's) | Unrealized<br> Appreciation/<br>(Depreciation)<br>(000's) | Market Value<br>(000's) | Variation<br> Margin(000's)  |
|  1-Year BRL-CDI | 13.291% | 1/29 | 33700 | BRL | $– | $(6) | $(6) | $5 |
|  6-Month AUD-BBR-BBSW | 4.750% | 12/33 | 45700 | AUD | 264 | 85 | 349 | (23) |
|  6-Month AUD-BBR-BBSW | 4.250% | 3/36 | 10200 | AUD | 27 | (78) | (51) | (17) |
|  6-Month CZK-PRIBOR | 3.365% | 11/29 | 78900 | CZK | (30) | (45) | (75) | (1) |
|  CAONREPO | 3.750% | 12/25 | 35200 | CAD | (33) | 106 | 73 | (1) |
|  CAONREPO | 2.500% | 6/29 | 8000 | CAD | (197) | 210 | 13 | –π |
|  CAONREPO | 2.500% | 12/30 | 3900 | CAD | (1) | (4) | (5) | –π |
|  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(264) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(40) |

---

**Centrally Cleared Credit Default Swaps on Credit Indices - Sell Protection** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference Entity | Receive<br>Fixed<br>Rate | Expiration<br>Date | Implied<br>Credit<br>Spread | Notional<br>Amount<br>(000's) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Currency | Upfront<br> Premium Paid/<br>(Received)<br>(000's) | Unrealized<br> Appreciation/<br>(Depreciation)<br>(000's) | Market<br> Value(000's) | Variation<br> Margin(000's)  |
|  Markit CDX Emerging Markets Index, Series 36 | 1.000% | 12/26 | 0.656% | 16491 | USD | $(256) | $324 | $68 | $(17) |
|  Markit CDX Emerging Markets Index, Series 37 | 1.000% | 6/27 | 0.796% | 490 | USD | (15) | 16 | 1 | –π |
|  Markit CDX Emerging Markets Index, Series 38 | 1.000% | 12/27 | 0.879% | 4200 | USD | (150) | 161 | 11 | (4) |
|  Markit CDX Emerging Markets Index, Series 39 | 1.000% | 6/28 | 0.956% | 600 | USD | (21) | 22 | 1 | (1) |
|  Markit CDX Emerging Markets Index, Series 40 | 1.000% | 12/28 | 1.059% | 10200 | USD | (296) | 278 | (18) | (7) |
|  Markit CDX Emerging Markets Index, Series 41 | 1.000% | 6/29 | 1.148% | 3200 | USD | (88) | 71 | (17) | (2) |
|  Markit CDX Emerging Markets Index, Series 42 | 1.000% | 12/29 | 1.222% | 4500 | USD | (106) | 68 | (38) | (3) |
|  Markit CDX Emerging Markets Index, Series 43 | 1.000% | 6/30 | 1.366% | 400 | USD | (13) | 7 | (6) | –π |
|  Markit CDX Emerging Markets Index, Series 44 | 1.000% | 12/30 | 1.476% | 13100 | USD | (291) | 4 | (287) | (4) |
|  Markit CDX North America High Yield Index, Series 43 | 5.000% | 12/29 | 2.934% | 30025 | USD | 1749 | 513 | 2262 | (36) |
|  Markit CDX North America High Yield Index, Series 44 | 5.000% | 6/30 | 3.001% | 30800 | USD | 1343 | 1117 | 2460 | (774) |
|  Markit CDX North America High Yield Index, Series 45 | 5.000% | 12/30 | 3.208% | 21600 | USD | 1644 | 24 | 1668 | 25 |
|  Markit CDX North America Investment Grade Index, Series 43 | 1.000% | 12/29 | 0.417% | 200 | USD | 4 | 1 | 5 | –π |
|  Markit CDX North America Investment Grade Index, Series 44 | 1.000% | 6/30 | 0.474% | 68000 | USD | 891 | 656 | 1547 | (151) |

---

**22** 

------

Multi-Sector Bond Portfolio

**Centrally Cleared Credit Default Swaps on Credit Indices - Sell Protection (continued)** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference Entity | Receive<br>Fixed<br>Rate | Expiration<br>Date | Implied<br>Credit<br>Spread | Notional<br>Amount<br>(000's) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Currency | Upfront<br> Premium Paid/<br>(Received)<br>(000's) | Unrealized<br> Appreciation/<br>(Depreciation)<br>(000's) | Market<br> Value(000's) | Variation<br> Margin(000's)  |
|  Markit CDX North America Investment Grade Index, Series 45 | 1.000% | 12/30 | 0.519% | 33800 | USD | $760 | $8 | $768 | $6 |
|  |  |  |  |  |  | $5155 | $3270 | $8425 | $(968) |

---

**Centrally Cleared Credit Default Swaps on Corporate or Sovereign Issues - Sell Protection** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference Entity | Receive<br>Fixed<br>Rate | Expiration<br>Date | Implied<br>Credit<br>Spread | Notional<br>Amount<br>(000's) | Currency | Upfront<br> Premium Paid/<br>(Received)<br>(000's) | Unrealized<br>Appreciation/<br>(Depreciation)<br>(000's) | Market<br>Value(000's) | Variation<br>Margin(000's) |
|  AT&T, Inc. | 1.000% | 6/26 | 0.237% | 100 | USD | $–π | $1 | $1 | $–π |
|  Carnival Corp. | 1.000% | 12/28 | 0.704% | 600 | USD | (86) | 91 | 5 | –π |
|  Ford Motor Co. | 5.000% | 12/25 | 0.428% | 400 | USD | 1 | 3 | 4 | –π |
|  Ford Motor Co. | 5.000% | 6/26 | 0.499% | 1000 | USD | 8 | 24 | 32 | –π |
|  Ford Motor Co. | 5.000% | 6/27 | 0.872% | 300 | USD | 10 | 11 | 21 | –π |
|  Ford Motor Co. | 5.000% | 6/27 | 0.874% | 900 | USD | 22 | 40 | 62 | –π |
|  General Electric Co. | 1.000% | 6/26 | 0.065% | 3800 | USD | 6 | 19 | 25 | –π |
|  General Electric Co. | 1.000% | 12/26 | 0.079% | 400 | USD | 1 | 3 | 4 | –π |
|  Glencore Finance Europe, Ltd. | 5.000% | 6/31 | 0.962% | 1000 | EUR | 186 | 66 | 252 | –π |
|  Glencore Finance Europe, Ltd. | 5.000% | 12/31 | 1.073% | 500 | EUR | 100 | 32 | 132 | –π |
|  Marks & Spencer PLC | 1.000% | 6/27 | 0.251% | 100 | EUR | (3) | 4 | 1 | –π |
|  Marks & Spencer PLC | 1.000% | 12/28 | 0.444% | 500 | EUR | (18) | 29 | 11 | –π |
|  Volkswagen International Finance NV | 1.000% | 6/29 | 0.790% | 3100 | EUR | 28 | (1) | 27 | (1) |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;577 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Financial Derivative Assets | Financial Derivative Assets | Financial Derivative Assets | Financial Derivative Liabilities | Financial Derivative Liabilities | Financial Derivative Liabilities | Financial Derivative Liabilities |
|  | Variation Margin (000's) | Variation Margin (000's) | Variation Margin (000's) | Variation Margin (000's) | Variation Margin (000's) | Variation Margin (000's) | Market Value<br>(000's) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Swaps | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Swaps | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | Options |
| Total Exchange-Traded or Centrally Cleared Derivatives | $60 | $72 | $132 | $(1078) | $(57) | $(1135) | $– |

---

**Over the Counter Derivatives** 

**Forward Foreign Currency Contracts** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Type | Counterparty | Currency | Foreign Principal<br>Amount<br>Covered by<br>Contract (000s) | USD Principal<br>Amount<br>Covered by<br>Contract (000's) | Settlement<br>Date | Unrealized<br>Appreciation<br>(000's) | Unrealized<br>(Depreciation)<br>(000's) | Net<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>(000's) |
|  Sell | BNP Paribas SA | AUD | 1883 | 1246 | 10/2/25 | $— | $(15) | $(15) |
|  Sell | Barclays Bank PLC | AUD | 2222 | 1471 | 11/4/25 |  | (2) | (2) |
|  Buy | Bank of America NA | BRL | 6563 | 1233 | 10/2/25 | 4 |  | 4 |
|  Buy | JP Morgan Chase Bank NA | BRL | 22669 | 4259 | 10/2/25 | 165 |  | 165 |
|  Buy | JP Morgan Chase Bank NA | BRL | 6551 | 1221 | 11/4/25 | 9 |  | 9 |
|  Buy | Goldman Sachs Bank USA | BRL | 22982 | 4257 | 12/2/25 | 13 |  | 13 |
|  Sell | Goldman Sachs Bank USA | BRL | 22660 | 4258 | 10/2/25 |  | (14) | (14) |
|  Sell | JP Morgan Chase Bank NA | BRL | 6586 | 1237 | 10/2/25 |  | (9) | (9) |
|  Sell | Barclays Bank PLC | CAD | 760 | 546 | 10/2/25 | 4 |  | 4 |
|  Sell | HSBC Bank PLC | CAD | 563 | 405 | 10/2/25 | 2 |  | 2 |
|  Sell | JP Morgan Chase Bank NA | CAD | 694 | 499 | 10/2/25 | 4 |  | 4 |
|  Sell | UBS AG | CAD | 89 | 64 | 10/2/25 | 1 |  | 1 |
|  Sell | Bank of America NA | CAD | 20019 | 14386 | 10/3/25 | 130 |  | 130 |
|  Sell | HSBC Bank PLC | CAD | 20021 | 14395 | 10/14/25 |  | (22) | (22) |
|  Sell | UBS AG | CAD | 20019 | 14394 | 10/15/25 | 5 |  | 5 |

---

**23** 

------

Multi-Sector Bond Portfolio

**Forward Foreign Currency Contracts** 

**(continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Type | Counterparty | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Currency | Foreign Principal<br> Amount<br> Covered by<br> Contract (000s) | USD Principal<br>Amount<br>Covered by<br>Contract (000's) | Settlement<br>Date | Unrealized<br>Appreciation<br>(000's) | Unrealized<br>(Depreciation)<br>(000's) | Net<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>(000's) |
|  Sell | HSBC Bank PLC | CAD | 2101 | 1512 | 11/4/25 | $1 | $— | $1 |
|  Buy | Barclays Bank PLC | CHF | 93 | 117 | 10/2/25 | —π |  | —π |
|  Sell | Barclays Bank PLC | CHF | 109 | 137 | 10/2/25 |  | (1) | (1) |
|  Sell | Barclays Bank PLC | CHF | 92 | 117 | 11/4/25 |  | —π | —π |
|  Buy | HSBC Bank PLC | CNH | 7335 | 1030 | 10/16/25 |  | (3) | (3) |
|  Buy | HSBC Bank PLC | CNH | 791 | 111 | 11/19/25 |  | —π | —π |
|  Sell | HSBC Bank PLC | CNH | 793 | 111 | 10/16/25 | —π |  | —π |
|  Sell | BNP Paribas SA | COP | 27967267 | 7096 | 11/12/25 |  | (237) | (237) |
|  Sell | UBS AG | COP | 4659728 | 1180 | 11/28/25 |  | (37) | (37) |
|  Sell | BNP Paribas SA | COP | 2487117 | 628 | 12/17/25 | —π |  | —π |
|  Sell | Bank of America NA | CZK | 3450 | 167 | 12/17/25 | 1 |  | 1 |
|  Buy | HSBC Bank PLC | EGP | 7783 | 158 | 12/2/25 | 5 |  | 5 |
|  Buy | Goldman Sachs Bank USA | EGP | 9766 | 198 | 12/8/25 | 5 |  | 5 |
|  Buy | HSBC Bank PLC | EGP | 8387 | 170 | 12/9/25 | 4 |  | 4 |
|  Buy | Bank of America NA | EUR | 778 | 913 | 10/2/25 | 3 |  | 3 |
|  Buy | Barclays Bank PLC | EUR | 3815 | 4479 | 10/2/25 |  | (15) | (15) |
|  Buy | JP Morgan Chase Bank NA | EUR | 941 | 1105 | 10/2/25 |  | (3) | (3) |
|  Sell | Barclays Bank PLC | EUR | 923 | 1084 | 10/2/25 | 10 |  | 10 |
|  Sell | JP Morgan Chase Bank NA | EUR | 129756 | 152340 | 10/2/25 | —π | (583) | (583) |
|  Sell | Barclays Bank PLC | EUR | 125145 | 147221 | 11/4/25 |  | (217) | (217) |
|  Buy | HSBC Bank PLC | GBP | 760 | 1022 | 10/2/25 |  | (2) | (2) |
|  Sell | Barclays Bank PLC | GBP | 20174 | 27132 | 10/2/25 |  | (7) | (7) |
|  Sell | JP Morgan Chase Bank NA | GBP | 19414 | 26114 | 11/4/25 |  | (2) | (2) |
|  Buy | BNP Paribas SA | IDR | 5642164 | 338 | 10/10/25 |  | (3) | (3) |
|  Buy | UBS AG | ILS | 172 | 52 | 10/15/25 | 2 |  | 2 |
|  Sell | UBS AG | ILS | 172 | 52 | 10/15/25 |  | —π | —π |
|  Sell | UBS AG | ILS | 172 | 52 | 11/13/25 |  | (2) | (2) |
|  Buy | Bank of America NA | JPY | 1143890 | 7735 | 10/2/25 |  | (46) | (46) |
|  Buy | HSBC Bank PLC | JPY | 472294 | 3194 | 10/2/25 |  | (29) | (29) |
|  Buy | Bank of America NA | JPY | 511492 | 3471 | 11/4/25 | 44 |  | 44 |
|  Buy | Barclays Bank PLC | JPY | 2437 | 17 | 11/4/25 |  | —π | —π |
|  Buy | BNP Paribas SA | JPY | 592582 | 4021 | 11/4/25 | 19 |  | 19 |
|  Buy | HSBC Bank PLC | JPY | 503852 | 3419 | 11/4/25 | 12 |  | 12 |
|  Sell | Bank of America NA | JPY | 513270 | 3471 | 10/2/25 |  | (44) | (44) |
|  Buy | BNP Paribas SA | KRW | 1415931 | 1009 | 10/10/25 |  | (14) | (14) |
|  Buy | HSBC Bank PLC | KRW | 1414814 | 1008 | 10/22/25 |  | (7) | (7) |
|  Sell | HSBC Bank PLC | KRW | 1415626 | 1008 | 10/10/25 | 7 |  | 7 |
|  Buy | BNP Paribas SA | KWD | 9 | 29 | 6/17/26 | —π |  | —π |
|  Buy | BNP Paribas SA | KWD | 9 | 30 | 6/30/26 | —π |  | —π |
|  Buy | BNP Paribas SA | KWD | 26 | 86 | 7/7/26 | —π |  | —π |
|  Buy | BNP Paribas SA | KWD | 35 | 116 | 7/13/26 | 1 |  | 1 |
|  Sell | BNP Paribas SA | KWD | 595 | 1979 | 5/9/30 | 72 |  | 72 |
|  Sell | BNP Paribas SA | KWD | 65 | 217 | 5/13/30 | 8 |  | 8 |
|  Buy | JP Morgan Chase Bank NA | KZT | 42205 | 76 | 10/20/25 |  | (1) | (1) |
|  Buy | JP Morgan Chase Bank NA | KZT | 83553 | 151 | 10/24/25 | —π |  | —π |
|  Buy | Goldman Sachs Bank USA | KZT | 123289 | 220 | 12/5/25 |  | (2) | (2) |
|  Buy | Bank of America NA | MXN | 33767 | 1829 | 12/17/25 | 14 |  | 14 |
|  Buy | HSBC Bank PLC | MXN | 21538 | 1167 | 12/17/25 | 16 |  | 16 |
|  Buy | JP Morgan Chase Bank NA | MXN | 77100 | 4176 | 12/17/25 | 187 |  | 187 |
|  Sell | UBS AG | MXN | 57566 | 3118 | 12/17/25 | <sub>—</sub> | (62) | (62) |
|  Buy | JP Morgan Chase Bank NA | NGN | 281722 | 190 | 10/10/25 | 13 |  | 13 |
|  Buy | Barclays Bank PLC | NOK | 38 | 4 | 10/2/25 |  | —π | —π |
|  Buy | HSBC Bank PLC | NOK | 39 | 4 | 10/2/25 | —π |  | —π |
|  Sell | Goldman Sachs Bank USA | NOK | 254 | 25 | 10/2/25 | <sub>—</sub> | —π | —π |
|  Sell | UBS AG | NOK | 3713 | 372 | 10/2/25 | <sub>—</sub> | (7) | (7) |
|  Sell | Barclays Bank PLC | NOK | 3938 | 395 | 11/4/25 | <sub>—</sub> | —π | —π |
|  Sell | HSBC Bank PLC | NOK | 39 | 4 | 11/4/25 | <sub>—</sub> | —π | —π |

---

**24** 

------

Multi-Sector Bond Portfolio

**Forward Foreign Currency Contracts** 

**(continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Type | Counterparty | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Currency | Foreign Principal<br> Amount<br> Covered by<br> Contract (000s) | USD Principal<br>Amount<br>Covered by<br>Contract (000's) | Settlement<br>Date | Unrealized<br>Appreciation<br>(000's) | Unrealized<br>(Depreciation)<br>(000's) | Net<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>(000's) |
|  Buy | Bank of America NA | &nbsp;&nbsp;&nbsp;&nbsp; NZD | 890 | 516 | 10/2/25 | $4 | $— | $4 |
|  Sell | HSBC Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp; NZD | 1151 | 667 | 10/2/25 | 10 |  | 10 |
|  Sell | Bank of America NA | &nbsp;&nbsp;&nbsp;&nbsp; NZD | 890 | 517 | 11/4/25 |  | (4) | (4) |
|  Sell | Bank of America NA | &nbsp;&nbsp;&nbsp;&nbsp; PEN | 22338 | 6421 | 12/17/25 |  | (123) | (123) |
|  Buy | BNP Paribas SA | &nbsp;&nbsp;&nbsp;&nbsp; PLN | 2075 | 571 | 10/22/25 | —π | —π | —π |
|  Buy | UBS AG | &nbsp;&nbsp;&nbsp;&nbsp; PLN | 534 | 147 | 10/22/25 |  | —π | —π |
|  Sell | Barclays Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp; PLN | 752 | 207 | 10/15/25 |  | (1) | (1) |
|  Sell | JP Morgan Chase Bank NA | &nbsp;&nbsp;&nbsp;&nbsp; PLN | 498 | 137 | 10/15/25 |  | (1) | (1) |
|  Buy | HSBC Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp; SGD | 385 | 299 | 10/2/25 |  | (2) | (2) |
|  Sell | HSBC Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp; SGD | 8693 | 6739 | 10/2/25 | 57 |  | 57 |
|  Sell | NatWest Markets PLC | &nbsp;&nbsp;&nbsp;&nbsp; SGD | 9 | 7 | 10/2/25 | —π |  | —π |
|  Sell | UBS AG | &nbsp;&nbsp;&nbsp;&nbsp; SGD | 8295 | 6447 | 11/4/25 | 1 |  | 1 |
|  Buy | Goldman Sachs Bank USA | &nbsp;&nbsp;&nbsp;&nbsp; THB | 32 | 1 | 10/20/25 |  | —π | —π |
|  Buy | Barclays Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp; TRY | 275 | 7 | 10/10/25 | —π |  | —π |
|  Buy | Barclays Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp; TRY | 543 | 13 | 10/14/25 | —π |  | —π |
|  Buy | Barclays Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp; TRY | 138 | 3 | 10/20/25 | —π |  | —π |
|  Buy | Barclays Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp; TRY | 557 | 14 | 10/27/25 | —π |  | —π |
|  Buy | Barclays Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp; TRY | 60575 | 1424 | 10/30/25 | 23 |  | 23 |
|  Buy | Barclays Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp; TRY | 6720 | 157 | 11/7/25 | 3 |  | 3 |
|  Buy | Goldman Sachs Bank USA | &nbsp;&nbsp;&nbsp;&nbsp; TRY | 22878 | 529 | 11/19/25 | 4 |  | 4 |
|  Buy | Barclays Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp; TRY | 55076 | 1268 | 11/25/25 | 4 |  | 4 |
|  Buy | Barclays Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp; TRY | 7435 | 170 | 12/3/25 | 1 |  | 1 |
|  Buy | BNP Paribas SA | &nbsp;&nbsp;&nbsp;&nbsp; TWD | 10324 | 339 | 10/14/25 |  | (2) | (2) |
|  Buy | Bank of America NA | &nbsp;&nbsp;&nbsp;&nbsp; TWD | 10217 | 336 | 10/20/25 |  | (5) | (5) |
|  Sell | Bank of America NA | &nbsp;&nbsp;&nbsp;&nbsp; TWD | 10226 | 336 | 10/14/25 | 5 |  | 5 |
|  Sell | BNP Paribas SA | &nbsp;&nbsp;&nbsp;&nbsp; TWD | 11320 | 371 | 10/20/25 | 8 |  | 8 |
|  Buy | BNP Paribas SA | &nbsp;&nbsp;&nbsp;&nbsp; ZAR | 11853 | 684 | 11/20/25 | 1 |  | 1 |
|  Sell | Barclays Bank PLC | &nbsp;&nbsp;&nbsp;&nbsp; ZAR | 8544 | 493 | 11/20/25 |  | (8) | (8) |
|  Sell | Goldman Sachs Bank USA | &nbsp;&nbsp;&nbsp;&nbsp; ZAR | 1944 | 112 | 11/20/25 |  | (1) | (1) |
|  Sell | JP Morgan Chase Bank NA | &nbsp;&nbsp;&nbsp;&nbsp; ZAR | 24497 | 1413 | 11/20/25 |  | (13) | (13) |
|  Sell | UBS AG | &nbsp;&nbsp;&nbsp;&nbsp; ZAR | 9293 | 536 | 11/20/25 |  | (9) | (9) |
|  |  |  |  |  |  | $882 | $(1555) | $(673) |

---

**Credit Default Swaps on Corporate or Sovereign Issues - Sell Protection** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference Entity | Counterparty | Receive<br>Fixed<br>Rate | Expiration<br>Date | Implied<br>Credit<br>Spread | Currency | Notional<br>Amount<br>(000's) | Upfront<br> Premium<br> Paid/<br> (Received)<br>(000's) | Unrealized<br>Appreciation/<br>(Depreciation)<br>(000's) | Market<br>Value<br>(000's) |
|  Republic of Indonesia | Barclays Bank PLC | 1.000% | 6/31 | 0.887% | USD | 5700 | $(137) | $170 | $33 |
|  Republic of Poland | JP Morgan Chase Bank NA | 1.000% | 6/29 | 0.488% | USD | 2000 | 19 | 17 | 36 |
|  Republic of Turkey | Morgan Stanley Capital Services LLC | 1.000% | 12/28 | 1.840% | USD | 3000 | (149) | 74 | (75) |
|  Softbank Group Corp. | Goldman Sachs International | 1.000% | 6/26 | 0.872% | USD | 3600 | (13) | 16 | 3 |
|  United Mexican States | Morgan Stanley Capital Services LLC | 1.000% | 12/26 | 0.289% | USD | 300 | –π | 3 | 3 |
|  United Mexican States | Morgan Stanley Capital Services LLC | 1.000% | 6/27 | 0.365% | USD | 100 | –π | 1 | 1 |
|  United Mexican States | Morgan Stanley Capital Services LLC | 1.000% | 6/28 | 0.487% | USD | 100 | (1) | 2 | 1 |

---

**25** 

------

Multi-Sector Bond Portfolio

**Credit Default Swaps on Corporate or Sovereign Issues - Sell Protection (continued)** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference Entity | Counterparty | Receive<br>Fixed<br>Rate | Expiration<br>Date | Implied<br>Credit<br>Spread | Currency | Notional<br>Amount<br>(000's) | Upfront<br> Premium<br> Paid/<br> (Received)<br>(000's) | Unrealized<br>Appreciation/<br>(Depreciation)<br>(000's) | Market<br> Value<br> (000's) |
|  United Mexican States | Morgan Stanley Capital Services LLC | 1.000% | 12/28 | 0.543% | USD | 300 | $(2) | $6 | $4 |
|  |  |  |  |  |  |  | $(283) | $289 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Derivative Assets (000's) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Derivative Assets (000's) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Derivative Assets (000's) | Financial Derivative Liabilities (000's) | Financial Derivative Liabilities (000's) | Financial Derivative Liabilities (000's) | Financial Derivative Liabilities (000's) |
|  | Forward<br>Foreign<br>Currency<br>Contracts | Swaps | Total | Forward<br>Foreign<br>Currency<br>Contracts | Options | Swaps | Total |
|  Total Over the Counter<br> Derivatives | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;882 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1555) |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(75) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1630) |

---

**Restricted Securities** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Description | Coupon | Maturity<br>Date | Acquisition<br>Date | Cost<br>(000's) | Value<br>(000's) | Value as a <br>Percentage of Net <br>Assets |
|  AmSurg Corp. |  |  | 11/2/23 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428 | 0.03% |
|  Corestate Capital Holding SA |  |  | 8/22/23 |  |  | –% |
|  DrillCo Holding Lux SA - Class B |  |  | 6/8/23 | 54 | 58 | –% |
|  DrillCo Holding Lux SA - Class C |  |  | 6/8/23 | 484 | 524 | 0.04% |
|  Turkiye Is Bankasi AS, Series 2024-H | 7.11% | 11/15/34 | 9/18/24 | 1250 | 1249 | 0.09% |
|  VakifBank DPR, Series 2025-E, Class 4A2 | 6.83% | 3/15/35 | 1/31/25 | 2000 | 2063 | 0.15% |

---

+ All par is stated in U.S. Dollar unless otherwise noted.

\* Non income producing

Æ Security valued using significant unobservable inputs.

d Restricted security – see accompanying table for additional details

---

| | |
|:---|:---|
| π | Amount is less than one thousand.  |

---

---

| | |
|:---|:---|
| 144A | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold as transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2025 the value of these securities (in thousands) was $526,218 representing 38.7% of the net assets.  |

---

f Defaulted Security - not accruing income as of the date of this report.

α Rate shown is the rate as of the period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future.

<sup>µ</sup> Perpetual maturity, date shown, if applicable, represents next contractual call date.

∞ Foreign Bond — par value is foreign denominated.

---

| | |
|:---|:---|
| § | Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. At September 30, 2025, the aggregate value of these securities was $178,576 (in thousands), representing 13.1% of net assets.  |

---

---

| | |
|:---|:---|
| Þ | PIK - Payment In Kind. PIK rate of Corestate Capital Holding SA is 10.00%, AmSurg Corp. Last Out is 8.875%, and Spirit Loyalty Cayman, Ltd. / Spirit IP Cayman, Ltd. is 12.00%.  |

---

y Contingent convertible security

b Part or all of the security has been pledged as collateral.

Σ Stepped coupon bond for which the coupon rate of interest adjusts on specified date(s); rate shown is effective rate at period-end.

---

| | |
|:---|:---|
| @ | At September 30, 2025, the aggregate cost of investments, including derivatives, for federal tax purposes (in thousands) was $1,567,013 and the net unrealized depreciation of investments based on that cost was $16,592 which is comprised of $50,827 aggregate gross unrealized appreciation and $67,419 aggregate gross unrealized depreciation. Because tax adjustments are calculated annually, these amounts do not reflect tax adjustments. For the previous fiscal year's federal income tax information, please refer to the Notes to the Financial Statements section in the Portfolio's most recent annual report.  |

---

**26** 

------

Multi-Sector Bond Portfolio

The Fair Value Measurements and Disclosures Topic of the FASB Accounting Standards Codification defines fair value as the price that a Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes and requires disclosure of a fair value hierarchy, separately for each major category of asset and liability, which segregates fair value measurements into levels. A summary of the fair value hierarchy is described below:

Level 1 - fair value is determined by unadjusted quoted prices in active markets for identical securities or derivatives

Level 2 - fair value is determined by other significant observable inputs

Level 3 - fair value is determined by significant unobservable inputs

The categorization of a value determined for a financial instrument within the hierarchy is based upon the pricing transparency of the instrument and does not necessarily correspond to the Portfolio's perceived risk of that instrument.

The following is a summary of the inputs used in valuing the Portfolio's Investments at September 30, 2025.

---

| | | | |
|:---|:---|:---|:---|
|  | | Valuation Inputs | |
| **Description** | **Level 1 - Quoted** <br> **Prices** | **Level 2 - Other**<br> **Significant**<br> **Observable Inputs** | **Level 3**<br> **- Significant**<br> **Unobservable**<br> **Inputs** |
|  |  | *(Amounts in thousands)* |  |
|  Assets: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank Loan Obligations | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57835 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer, Cyclical | 4 | <sub>—</sub> | <sub>—</sub> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All Others | <sub>—</sub> | <sub>—</sub> | 1123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Convertible Corporate Bonds | <sub>—</sub> | 19 | <sub>—</sub> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic Materials | <sub>—</sub> | 9409 | 520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communications | <sub>—</sub> | 49633 | 4100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial | <sub>—</sub> | 158229 | 4711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All Others | <sub>—</sub> | 368514 | <sub>—</sub> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Governments | <sub>—</sub> | 294185 | <sub>—</sub> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | <sub>—</sub> | 2427 | <sub>—</sub> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Structured Products | <sub>—</sub> | 455985 | <sub>—</sub> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investments | <sub>—</sub> | 125371 | <sub>—</sub> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Financial Instruments^ |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures | 771 | <sub>—</sub> | <sub>—</sub> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts | <sub>—</sub> | 882 | <sub>—</sub> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Swaps | <sub>—</sub> | 3425 | <sub>—</sub> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Default Swaps | <sub>—</sub> | 9449 | <sub>—</sub> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warrants | <sub>—</sub> | 5 | <sub>—</sub> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Assets: | $775 | $1535368 | $17946 |
|  Liabilities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Financial Instruments^ |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures | (119) | <sub>—</sub> | <sub>—</sub> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts | <sub>—</sub> | (1555) | <sub>—</sub> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Swaps | <sub>—</sub> | (665) | <sub>—</sub> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Default Swaps | <sub>—</sub> | (441) | <sub>—</sub> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reverse Repurchase Agreements | <sub>—</sub> | (888) | <sub>—</sub> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Liabilities: | $(119) | $(3549) | $— |

---

^ Other financial instruments are derivative instruments such as futures and forward foreign currency contracts, which are valued at the unrealized appreciation (depreciation) on the instrument, and securities sold short, reverse repurchase agreements, written options and swaps contracts, which are valued at market value.

**27** 

------

Multi-Sector Bond Portfolio

The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the period ended September 30, 2025:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Category** | **Value at<br>12/31/2024** | **Purchases** | **Sales** | **Realized<br>Gain (Loss)** | **Change in<br>Unrealized**<br>**Appreciation/**<br>**Depreciation** | **Transfers<br>into Level<br>3** | **Transfers<br>out of<br>Level 3** | **Value at<br>9/30/2025** | **Change in**<br>**Unrealized<br>Appreciation/<br>Depreciation<br>on investments<br>held at<br>9/30/2025** |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank Loan Obligations | $4322 | $2982 | $- | $- | $188 | $- | $- | $7492 | $188 |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stocks | 1421 |  |  | (849) | 551 |  |  | 1123 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds | 2011 | 7270 | - | - | 50 | - | - | 9331 | 51 |
|  | $7754 | $10252 | $- | $(849) | $789 | $- | $- | $17946 | $252 |

---

The following is a summary of significant unobservable inputs used in the fair valuations of assets categorized within Level 3 of the fair value hierarchy:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Category** | **Value at 9/30/2025** | **Valuation Techniques** | **Unobservable Inputs** | **Input values** | **Weighted Average** |
|  Bank Loan Obligations | $281 | Comparable Companies | EBITDA Multiple | 16.290x |  |
|  | 5344 | Discounted Cash Flow | Discount Rate | 3.832% - 7.648% | 5.281% |
|  | 1867 | Indicative Market Quotation | Broker Quote | 72.500% |  |
|  Common Stocks | 428 | Comparable Companies | EBITDA Multiple | 16.290x |  |
|  | 113 | Discounted Cash Flow | Discount Rate | 7.930% |  |
|  |  | Expected Recovery | Recovery Rate |  |  |
|  | 582 | Indicative Market Quotation | Broker Quote | $21.667 |  |
|  Corporate Bonds | 3312 | Discounted Cash Flow | Discount Rate | 6.208% - 6.392% | 6.278% |
|  | 5274 | Recent Transaction | Purchase Price | 100.000% |  |
|  | 745 | Third Party Vendor | Expected Recovery | 6.000% |  |
|  | $17946 |  |  |  |  |

---

**28** 

------

Abbreviations (unaudited)

**Abbreviations that may be used in the preceding statements** 

---

| | |
|:---|:---|
|  ADR | American Depositary Receipt |
|  AFC | Available Funds Cap security - Security accrues interest at an assumed or uncapped rate. If the interest rate on the underlying loans is lower than the uncapped rate, then the security will pay at the lower rate. |
|  CSTR | Collateral Strip Rate security - interest is based on the weighted net interest rate of the collateral. |
|  IO | Interest Only Security |
|  PO | Principal Only Security |
|  RB | Revenue Bond |
|  CPURNSA | U.S. Consumer Price Index - All Urban Consumers - Not Seasonally Adjusted |
|  IBOR | Interbank Offered Rate |
|  LIBOR | London Interbank Offered Rate |
|  SOFR | Secured Overnight Financing Rate |
|  CME | Chicago Mercantile Exchange |
|  ICE | Intercontinental Exchange |
|  FTSE | Financial Times Stock Exchange |
|  SONIO | Sterling Overnight Interbank Average Rate |
|  MUTKCALM | Bank of Japan Unsecured Overnight Call Rate |
|  DAC | Designated Activity Company |
|  RSC | Restricted Scope Company |
|  KSC | Kuwait Shareholding Company |
|  TBA | To Be Announced |
|  CMT | Constant Maturity Treasury |
|  OIS | Overnight Index Swaps |
|  BBR | Bank Bill Rate |
|  BBSW | Bank Bill Swap Reference Rate |
|  DIFC | Dubai International Financial Centre |
|  EURIBOR | Euro Interbank Offered Rate |
|  PRIBOR | Prague Interbank Offered Rate |
|  SDR | Swedish Depository Receipt |
|  ETF | Exchange Traded Fund |
|  **Currency Abbreviations** | **Currency Abbreviations** |
|  AED | United Arab Emirates Dirham |
|  AUD | Australian Dollar |
|  BRL | Brazilian Real |
|  CAD | Canadian Dollar |
|  CHF | Swiss Franc |
|  CNH | Chinese Yuan Renminbi - Offshore |
|  CNY | Chinese Yuan Renminbi |
|  CZK | Czech Koruna |
|  DKK | Danish Krone |
|  EGP | Egyptian Pound |
|  EUR | Euro |
|  GBP | British Pound |
|  HKD | Hong Kong Dollar |
|  IDR | Indonesian Rupiah |
|  ILS | Israeli Shekel |
|  INR | Indian Rupee |
|  JPY | Japanese Yen |
|  KRW | South Korean Won |
|  MXN | Mexican New Peso |
|  NGN | Nigerian Naira |
|  NOK | Norwegian Krone |
|  NZD | New Zealand Dollar |
|  PEN | Peruvian Sol |
|  PLN | Polish Zloty |
|  RUB | Russian Ruble |
|  SAR | Saudi Riyal |
|  SEK | Swedish Krona |
|  SGD | Singapore Dollar |
|  THB | Thai Baht |
|  TRY | Turkish Lira |
|  TWD | Taiwan Dollar |
|  USD | United States Dollar |
|  ZAR | South African Rand |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NORTHWESTERN MUTUAL SERIES FUND INC

- **b. Investment Company Act file number:** 811-03990

- **c. CIK number of Registrant:** 0000742212

- **d. LEI of Registrant:** 549300T1UBX7MDSNZA55

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

  - **Street Address 1:** 720 E WISCONSIN AVE

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-271-1444

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

- **a. Name of Series:** Multi-Sector Bond Portfolio

- **b. EDGAR series identifier (if any):** S000018235

- **c. LEI of Series:** P0C14V6IL3O47L1ZG636

**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:** $1745181623.65

**Total Liabilities:** $384425920.21

**Net Assets:** $1360755703.44

**Delayed Delivery Securities:** $275004464.54

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1546.33000000 | **1-Year:** -35660.20000000 | **5-Year:** -103452.28000000 | **10-Year:** -132658.06000000 | **30-Year:** -57686.55000000

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

- **3-Month:** -1988.75000000 | **1-Year:** -51219.69000000 | **5-Year:** -180203.63000000 | **10-Year:** -57580.57000000 | **30-Year:** -16362.96000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000050283 | 0.48%                | 1.25%                | 1.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1466516.95              | $-6485445.29                               |
| Month 2  | $-439786.89              | $14907751.95                               |
| Month 3  | $-17382.80               | $8307337.26                                |

**Designated Index Information**

- **Index Name:** 1/3 Bloomberg Global Aggregate Credit Hedged, 1/3 ICE BofA Global High Yield BB-B Rated Constrained Developed Markets Index Hedged, 1/3 JP Morgan EMBI Global

- **Index Identifier:** LGDRTRUH, BAMLC0A4CBBBEY, EMBIG

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHS/COMMUNITY HEALTH SYS                                  | CHS/Community Health Systems Inc                                                                                                 | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |      700000 | PA      | $679448.00    | 0.05%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Inc                                | Morgan Stanley ABS Capital I Inc Trust 2007-HE5                                                                                  | CUSIP: 61753KAD8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | ABS-MBS          | CORP              | US        |       49593 | PA      | $20951.15     | 0.00%             | 2037-03-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0MZ84 CDS USD R F  5.00000 1 CCPCDX / Short: SWPC0MZ84 CDS USD P V 03MEVENT 2 CCPCDX                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    30025000 | OU      | $2262080.20   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| ADLER Group SA                                            | ADLER Group SA                                                                                                                   | CUSIP: 000000000<br>LEI: 391200OYYFJ3DWAMEC69 | Long             | EC               | CORP              | LU        |     1562614 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Bank of America NA                                        | PURCHASED USD / SOLD JPY                                                                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |           1 | NC      | $-43911.34    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                      | Colombian TES                                                                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  1065493710 | PA      | $273263.40    | 0.02%             | 2031-01-22      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                  | Kaisa Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |        9927 | PA      | $1042.34      | 0.00%             | 2027-11-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                    | CCO Holdings LLC / CCO Holdings Capital Corp                                                                                     | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      800000 | PA      | $711248.61    | 0.05%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED ZAR / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | ZA        |           1 | NC      | $1137.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Paraguay Government International Bonds                   | Paraguay Government International Bonds                                                                                          | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |      300000 | PA      | $306783.00    | 0.02%             | 2044-08-11      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                                  | Petroleos de Venezuela SA                                                                                                        | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |      166000 | PA      | $26643.00     | 0.00%             | 2027-04-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                             | Boeing Co/The                                                                                                                    | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $2281406.20   | 0.17%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0NEX0 CDS USD R F  1.00000 1 CCPCDX / Short: SWPC0NEX0 CDS USD P V 03MEVENT 2 CCPCDX                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    78700000 | OU      | $1790106.27   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bonds                | Ivory Coast Government International Bonds                                                                                       | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     1200000 | PA      | $1240679.87   | 0.09%             | 2036-04-01      | Fixed         | 8.08%                 | No            |                  2 | On Loan: No      |
| Endure Digital Inc                                        | Endure Digital Inc Non-CoOp Term Loan                                                                                            | CUSIP: 29279UAB2<br>LEI: 549300UTQC2651SB0W88 | Long             | LON              | CORP              | US        |     2574743 | PA      | $1866688.99   | 0.14%             | 2028-02-10      | Floating      | 7.84%                 | No            |                  3 | On Loan: No      |
| Renaissance Home Equity Loan Trust                        | Renaissance Home Equity Loan Trust 2006-4                                                                                        | CUSIP: 75970HAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1514158 | PA      | $453764.60    | 0.03%             | 2037-01-25      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| Amentum Government Services Holdings LLC                  | Amentum Government Services Holdings LLC 2024 Term Loan B                                                                        | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |     1040000 | PA      | $1038762.05   | 0.08%             | 2031-09-29      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD ILS                                                                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $-128.04      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                    | Santander Drive Auto Receivables Trust 2023-6                                                                                    | CUSIP: 80287DAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      812500 | PA      | $839889.86    | 0.06%             | 2031-03-17      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Inc                                | Morgan Stanley ABS Capital I Inc Trust 2005-HE5                                                                                  | CUSIP: 61744CUV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     6215338 | PA      | $5174854.49   | 0.38%             | 2035-09-25      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                            | CPS Auto Receivables Trust 2024-A                                                                                                | CUSIP: 22411CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1404568 | PA      | $1407876.28   | 0.10%             | 2028-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MMK INTL CAPITAL DAC                                      | MMK International Capital DAC                                                                                                    | CUSIP: 553142AA8<br>LEI: 635400CNBLB2PNXXQI80 | Long             | DBT              | CORP              | IE        |     1400000 | PA      | $70000.00     | 0.01%             | 2024-06-13      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                     | Sri Lanka Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      792441 | PA      | $678157.44    | 0.05%             | 2033-03-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                                  | Petroleos de Venezuela SA                                                                                                        | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     1434000 | PA      | $230157.00    | 0.02%             | 2037-04-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Securities, Inc.                            | DEUTSCHE BANK REPO                                                                                                               | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Long             | RA               | CORP              | US        |      100000 | PA      | $100000.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                        | Serbia International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |      700000 | PA      | $685947.71    | 0.05%             | 2033-03-03      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Securities Trust              | Wells Fargo Mortgage Backed Securities 2007-AR8 Trust                                                                            | CUSIP: 94985YAA5<br>LEI: 549300EZH20KSD9JD814 | Long             | ABS-MBS          | CORP              | US        |       11692 | PA      | $10742.47     | 0.00%             | 2037-11-25      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                        | Advance Auto Parts Inc                                                                                                           | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     1600000 | PA      | $1646164.46   | 0.12%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                   | Romanian Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     1000000 | PA      | $1174275.13   | 0.09%             | 2032-05-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Asset Backed Securities Corp Home Equity Ln Trst          | Asset Backed Securities Corp Home Equity Loan Trust Series WMC 2005-HE5                                                          | CUSIP: 04541GSL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       48141 | PA      | $47376.87     | 0.00%             | 2035-06-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                                  | Ford Motor Credit Co LLC                                                                                                         | CUSIP: 345397XU2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |      800000 | PA      | $799706.09    | 0.06%             | 2026-01-08      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                | PacifiCorp                                                                                                                       | CUSIP: 695114DD7<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |     2200000 | PA      | $2253520.59   | 0.17%             | 2034-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                    | Mitsubishi UFJ Financial Group Inc                                                                                               | CUSIP: 606822DH4<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |     1500000 | PA      | $1572690.12   | 0.12%             | 2036-01-16      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Structured Asset Securities Corporation                   | Structured Asset Securities Corp Mortgage Loan Trust 2007-WF1                                                                    | CUSIP: 86358BAT9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       29325 | PA      | $28938.05     | 0.00%             | 2037-02-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                       | Peru Government International Bonds                                                                                              | CUSIP: 715638DS8<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     2700000 | PA      | $2096550.00   | 0.15%             | 2041-03-11      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL                                  | Cheplapharm Arzneimittel GmbH                                                                                                    | CUSIP: 000000000<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |      600000 | PA      | $728374.14    | 0.05%             | 2030-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD ZAR                                                                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $-9095.21     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                     | Sri Lanka Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      391925 | PA      | $374484.64    | 0.03%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                       | Exeter Automobile Receivables Trust 2025-4                                                                                       | CUSIP: 30167KAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     5500000 | PA      | $5521473.65   | 0.41%             | 2029-09-17      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                    | Nigeria Government International Bonds                                                                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      700000 | PA      | $601227.45    | 0.04%             | 2047-11-28      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                  | Lloyds Banking Group PLC                                                                                                         | CUSIP: 53944YAU7<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $202771.84    | 0.01%             | 2033-08-11      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Madison Park Euro Funding                                 | Madison Park Euro Funding XIV DAC                                                                                                | CUSIP: 000000000<br>LEI: 635400XLHN7OVUSEV112 | Long             | ABS-CBDO         | CORP              | IE        |      298489 | PA      | $350622.56    | 0.03%             | 2032-07-15      | Floating      | 2.83%                 | No            |                  2 | On Loan: No      |
| YINSON BORONIA PRODUCTIO                                  | Yinson Boronia Production BV                                                                                                     | CUSIP: 98584XAA3<br>LEI: 5493007X12FTT746N678 | Long             | DBT              | CORP              | NL        |     2379143 | PA      | $2646719.83   | 0.19%             | 2042-07-31      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                  | AT&T Inc                                                                                                                         | CUSIP: 00206RMN9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |      115000 | PA      | $82000.47     | 0.01%             | 2057-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED USD / SOLD PEN                                                                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |           1 | NC      | $-123135.02   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                         | Citigroup Mortgage Loan Trust 2007-AR4                                                                                           | CUSIP: 17311WAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      232428 | PA      | $202515.89    | 0.01%             | 2037-03-25      | Variable      | 4.76%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                        | Chase Home Lending Mortgage Trust Series 2024-RPL2                                                                               | CUSIP: 161930AB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1266132 | PA      | $1133745.72   | 0.08%             | 2064-08-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| AVENIR ISSUER IV IRLND                                    | Avenir Issuer IV Ireland DAC                                                                                                     | CUSIP: 000000000<br>LEI: 894500E9CKDEAOMG0B46 | Long             | DBT              | NUSS              | IE        |     2164066 | PA      | $2077721.55   | 0.15%             | 2027-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED BRL / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | BR        |           1 | NC      | $165192.94    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                        | Ukraine Government International Bond                                                                                            | CUSIP: 903724CA8<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     1865284 | PA      | $1039895.83   | 0.08%             | 2034-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                            | ACHV ABS Trust 2024-3AL                                                                                                          | CUSIP: 00092KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      236271 | PA      | $238387.41    | 0.02%             | 2031-12-26      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                  | 1011778 BC ULC / New Red Finance Inc                                                                                             | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     1500000 | PA      | $1518037.50   | 0.11%             | 2029-09-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Structured Asset Investment Loan Trust                    | Structured Asset Investment Loan Trust 2006-BNC3                                                                                 | CUSIP: 86361KAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         408 | PA      | $406.63       | 0.00%             | 2036-09-25      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                        | Energy Transfer LP                                                                                                               | CUSIP: 29278NAQ6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      200000 | PA      | $194214.02    | 0.01%             | 2030-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| THAMES WATER SUPER SEN                                    | Thames Water Super Senior Issuer PLC                                                                                             | CUSIP: 000000000<br>LEI: 635400LBEYCV7F4FC741 | Long             | DBT              | CORP              | GB        |       49827 | PA      | $74695.27     | 0.01%             | 2027-10-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                    | Pacific Gas and Electric Co                                                                                                      | CUSIP: 694308HW0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      800000 | PA      | $782939.48    | 0.06%             | 2027-12-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| FLORA FOOD MANAGEMENT BV                                  | Flora Food Management BV                                                                                                         | CUSIP: 000000000<br>LEI: 2549002VGA888UKFKS25 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $234731.37    | 0.02%             | 2029-07-02      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| OPEN Trust                                                | OPEN Trust 2023-AIR                                                                                                              | CUSIP: 68373BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      234045 | PA      | $234044.52    | 0.02%             | 2040-11-15      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD ILS                                                                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $-242.79      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                  | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                                                                             | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1700000 | PA      | $1726316.00   | 0.13%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SARTORIUS FINANCE BV                                      | Sartorius Finance BV                                                                                                             | CUSIP: 000000000<br>LEI: 529900JCAKTMRXK9EA58 | Long             | DBT              | CORP              | NL        |     2000000 | PA      | $2469864.87   | 0.18%             | 2032-09-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certificates                     | CWABS Asset-Backed Certificates Trust 2007-13                                                                                    | CUSIP: 126698AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      735954 | PA      | $724941.21    | 0.05%             | 2047-10-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED GBP / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | GB        |           1 | NC      | $-2376.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CROWDSTRIKE HOLDINGS INC                                  | Crowdstrike Holdings Inc                                                                                                         | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |     1275000 | PA      | $1214895.42   | 0.09%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Structured Asset Securities Corporation                   | Structured Asset Securities Corp Mortgage Loan Trust 2006-BC4                                                                    | CUSIP: 86359RAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       66792 | PA      | $65300.50     | 0.00%             | 2036-12-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certificates                     | CWABS Asset-Backed Certificates Trust 2006-1                                                                                     | CUSIP: 126670TG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       67257 | PA      | $64282.67     | 0.00%             | 2036-07-25      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| Senegal Government International Bonds                    | Senegal Government International Bonds                                                                                           | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |      800000 | PA      | $496913.42    | 0.04%             | 2048-03-13      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Structured Asset Investment Loan Trust                    | Structured Asset Investment Loan Trust 2005-7                                                                                    | CUSIP: 86358EWD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      156402 | PA      | $153630.77    | 0.01%             | 2035-08-25      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| SPIRIT LOYALTY KY LTD/IP                                  | Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd                                                                                 | CUSIP: 84859BAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      363635 | PA      | $153861.24    | 0.01%             | 2030-03-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD NOK                                                                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $-7207.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSI Asset Securitization Corporation Trust                | HSI Asset Securitization Corp Trust 2006-NC1                                                                                     | CUSIP: 40430HER5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      696923 | PA      | $655858.39    | 0.05%             | 2035-11-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                      | Fannie Mae Trust 2003-W6                                                                                                         | CUSIP: 31393BX75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        9929 | PA      | $9891.95      | 0.00%             | 2042-09-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: SWU02J2I3 IRS GBP R F  3.75000 SWU02J2I3 CCPOIS / Short: SWU02J2I3 IRS GBP P V 12MSONIA SWUV2J2I5 CCPOIS                   | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     5200000 | OU      | $-30997.89    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                              | Barclays PLC                                                                                                                     | CUSIP: 06738EBY0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     2350000 | PA      | $2400501.48   | 0.18%             | 2028-08-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                       | Intesa Sanpaolo SpA                                                                                                              | CUSIP: 46115HBL0<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |      200000 | PA      | $196089.59    | 0.01%             | 2029-09-23      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UniCredit SpA                                             | UniCredit SpA                                                                                                                    | CUSIP: 904678AQ2<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |     3700000 | PA      | $3951385.77   | 0.29%             | 2034-04-02      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| TIDEWATER INC                                             | Tidewater Inc                                                                                                                    | CUSIP: 88642RAE9<br>LEI: 2549000JA5GRUPLMUH98 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1286939.66   | 0.09%             | 2030-07-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| Home Equity Loan Trust                                    | Home Equity Loan Trust                                                                                                           | CUSIP: 43710XAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      500000 | PA      | $447965.75    | 0.03%             | 2037-04-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Republic of Senegal                                       | Senegal Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |      700000 | PA      | $713147.68    | 0.05%             | 2028-03-13      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                     | GFL Environmental Inc 2025 Term Loan B                                                                                           | CUSIP: 36257SAB8<br>LEI: 254900PGDQWC19PRP053 | Long             | LON              | CORP              | US        |      725000 | PA      | $724050.25    | 0.05%             | 2032-03-03      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                               | RCKT Mortgage Trust 2024-CES6                                                                                                    | CUSIP: 749410AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      771361 | PA      | $774028.88    | 0.06%             | 2044-09-25      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| GSAMP Trust                                               | GSAMP Trust 2004-WF                                                                                                              | CUSIP: 36242DKL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       12172 | PA      | $12362.73     | 0.00%             | 2034-10-25      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA                                  | Weatherford International Ltd                                                                                                    | CUSIP: 947075AW7<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |     1600000 | PA      | $1601112.98   | 0.12%             | 2033-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: BWU02FYZ8 IRS USD R V 12MSOFR SWUV2FYZ0 CCPOIS / Short: BWU02FYZ8 IRS USD P F  3.89900 SWU02FYZ8 CCPOIS                    | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      800000 | OU      | $-17379.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bear Stearns Asset Backed Securities Trust                | Bear Stearns Asset Backed Securities I Trust 2007-HE6                                                                            | CUSIP: 07387YAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       11135 | PA      | $11053.69     | 0.00%             | 2037-08-25      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED EUR / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | XX        |           1 | NC      | $-3148.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED KWD / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | KW        |           1 | NC      | $371.39       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| 1011778 BC Unlimited Liability Company                    | 1011778 BC Unlimited Liability Company 2024 Term Loan B6                                                                         | CUSIP: 000000000<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |     2370000 | PA      | $2360117.10   | 0.17%             | 2030-09-20      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                        | Dominican Republic International Bond                                                                                            | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      550000 | PA      | $524865.00    | 0.04%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co                                           | Weyerhaeuser Co                                                                                                                  | CUSIP: 962166BR4<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              |  | US        |      424000 | PA      | $485666.29    | 0.04%             | 2032-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CAMEROON                                      | Republic of Cameroon International Bond                                                                                          | CUSIP: 000000000<br>LEI: 54930021BO6NHYGBBV24 | Long             | DBT              | NUSS              | CM        |      900000 | PA      | $865889.55    | 0.06%             | 2031-07-31      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                                         | Chord Energy Corp                                                                                                                | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1317145.31   | 0.10%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALASKA AIRLINES 2020 TR                                   | Alaska Airlines 2020-1 Class A Pass Through Trust                                                                                | CUSIP: 01166VAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      121612 | PA      | $121781.93    | 0.01%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                                  | Petroleos de Venezuela SA                                                                                                        | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     4300000 | PA      | $690150.00    | 0.05%             | 2037-04-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                    | Sequoia Mortgage Trust 2024-HYB1                                                                                                 | CUSIP: 81749EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1373278 | PA      | $1382522.71   | 0.10%             | 2063-11-25      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                             | TransDigm Inc                                                                                                                    | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     1600000 | PA      | $1668943.52   | 0.12%             | 2031-12-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                                             | TopBuild Corp                                                                                                                    | CUSIP: 89055FAB9<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |     1700000 | PA      | $1629805.23   | 0.12%             | 2029-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| US Renal Care Inc                                         | US Renal Care Inc 2023 Superpriority Term Loan                                                                                   | CUSIP: 90290PAS3<br>LEI: 54930058SS5MF69JGN89 | Long             | LON              | CORP              | US        |      989873 | PA      | $942389.17    | 0.07%             | 2028-06-28      | Floating      | 9.28%                 | No            |                  2 | On Loan: No      |
| SABESP LUX SARL                                           | Sabesp Lux Sarl                                                                                                                  | CUSIP: 785170AB7<br>LEI: 984500C7VFFH4QD3B757 | Long             | DBT              | CORP              | LU        |     1400000 | PA      | $1406160.69   | 0.10%             | 2030-08-20      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                       | Nomura Holdings Inc                                                                                                              | CUSIP: 65535HBR9<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |     1000000 | PA      | $1022080.81   | 0.08%             | 2027-07-02      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                   | Goldman Sachs Group Inc/The                                                                                                      | CUSIP: 38141GA46<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      200000 | PA      | $212835.87    | 0.02%             | 2029-10-24      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                                                | VMware LLC                                                                                                                       | CUSIP: 928563AF2<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |      100000 | PA      | $101236.40    | 0.01%             | 2030-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2006-OA2                                                                                                  | CUSIP: 126694R75<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      231145 | PA      | $206735.43    | 0.02%             | 2046-05-20      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                                     | Chile Electricity Lux Mpc II Sarl                                                                                                | CUSIP: 16882LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     1100000 | PA      | $1133657.47   | 0.08%             | 2035-10-20      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                                  | Greensaif Pipelines Bidco Sarl                                                                                                   | CUSIP: 000000000<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |     1300000 | PA      | $1383896.33   | 0.10%             | 2038-02-23      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ATLX Trust                                                | ATLX 2024-RPL1 Trust                                                                                                             | CUSIP: 049915AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      904179 | PA      | $877096.55    | 0.06%             | 2064-04-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                                   | Turkiye Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    51100000 | PA      | $1198926.10   | 0.09%             | 2028-09-06      | Floating      | 40.85%                | No            |                  2 | On Loan: No      |
| HUNGARY                                                   | Hungary Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     4400000 | PA      | $5609352.98   | 0.41%             | 2033-09-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                    | Santander Drive Auto Receivables Trust 2025-3                                                                                    | CUSIP: 80288JAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3600000 | PA      | $3621078.00   | 0.27%             | 2031-09-15      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                        | Ally Bank Auto Credit-Linked Notes Series 2025-A                                                                                 | CUSIP: 02007G5D1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3903336 | PA      | $3911727.53   | 0.29%             | 2033-06-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: SWU01XLH4 IRS AUD R F  4.75000 SWU01XLH4 CCPVANILLA / Short: SWU01XLH4 IRS AUD P V 06MBBSW SWUV1XLH6 CCPVANILLA            | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    45700000 | OU      | $349153.48    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Fremont Home Loan Trust                                   | Fremont Home Loan Trust 2005-2                                                                                                   | CUSIP: 35729PLP3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      300000 | PA      | $281745.24    | 0.02%             | 2035-06-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                    | Nationstar Mortgage Holdings Inc                                                                                                 | CUSIP: 63861CAF6<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1356943.90   | 0.10%             | 2032-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | Petroleos Mexicanos                                                                                                              | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     2580000 | PA      | $2345777.54   | 0.17%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: SWU01V9X7 IRS CAD R F  3.75000 SWU01V9X7 CCPOIS / Short: SWU01V9X7 IRS CAD P V 06MCORRA SWUV1V9X9 CCPOIS                   | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    35200000 | OU      | $72552.42     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                                       | FS KKR Capital Corp                                                                                                              | CUSIP: 302635AQ0<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |     1600000 | PA      | $1585205.65   | 0.12%             | 2031-01-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Euro Galaxy CLO DAC                                       | Euro-Galaxy III CLO DAC                                                                                                          | CUSIP: 000000000<br>LEI: 635400H1W7SGWXGQOB43 | Long             | ABS-CBDO         | CORP              | IE        |      298658 | PA      | $350283.02    | 0.03%             | 2034-04-24      | Floating      | 2.56%                 | No            |                  2 | On Loan: No      |
| HPS CORPORATE LENDING FU                                  | HPS Corporate Lending Fund                                                                                                       | CUSIP: 40440VAQ8<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $994851.68    | 0.07%             | 2028-09-11      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                               | Hertz Vehicle Financing III LLC                                                                                                  | CUSIP: 42806MBS7<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |     2600000 | PA      | $2615348.06   | 0.19%             | 2027-06-25      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                      | Bank of America Corp                                                                                                             | CUSIP: 06051GMA4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     1900000 | PA      | $1984039.01   | 0.15%             | 2035-01-23      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                              | Centene Corp                                                                                                                     | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |      200000 | PA      | $196403.47    | 0.01%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                | goeasy Ltd                                                                                                                       | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     1300000 | PA      | $1293486.17   | 0.10%             | 2030-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF JORDAN                                         | Jordan Government International Bond                                                                                             | CUSIP: 418097AL5<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |      400000 | PA      | $398367.86    | 0.03%             | 2030-07-07      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                                   | GLP Capital LP / GLP Financing II Inc                                                                                            | CUSIP: 361841AW9<br>LEI: N/A                  | Long             | DBT              |  | US        |     1700000 | PA      | $1688189.42   | 0.12%             | 2037-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                  | Benchmark 2018-B5 Mortgage Trust                                                                                                 | CUSIP: 08160BAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1696282 | PA      | $1680167.18   | 0.12%             | 2051-07-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| ORLEN SA                                                  | ORLEN SA                                                                                                                         | CUSIP: 68666UAA3<br>LEI: 259400VVMM70CQREJT74 | Long             | DBT              | CORP              | PL        |      600000 | PA      | $627476.54    | 0.05%             | 2035-01-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2006-45T1                                                                                                 | CUSIP: 02149JAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      103854 | PA      | $36799.10     | 0.00%             | 2037-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                                          | Peruvian Government International Bond                                                                                           | CUSIP: 715638AV4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     5500000 | PA      | $1653059.76   | 0.12%             | 2037-08-12      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                    | PURCHASED USD / SOLD ZAR                                                                                                         | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | US        |           1 | NC      | $-903.34      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED USD / SOLD JPY                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |           1 | NC      | $-18808.72    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                 | Towd Point Mortgage Trust 2017-2                                                                                                 | CUSIP: 89173HAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2500000 | PA      | $2469119.00   | 0.18%             | 2057-04-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                       | JPMorgan Chase & Co                                                                                                              | CUSIP: 46647PEC6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1351188.33   | 0.10%             | 2035-01-23      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                 | Uniform Mortgage-Backed Security, TBA                                                                                            | CUSIP: 01F0626B2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    68900000 | PA      | $71245889.98  | 5.24%             | 2054-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TEAMSYSTEM SPA                                            | TeamSystem SpA                                                                                                                   | CUSIP: 000000000<br>LEI: 81560062081DF3AB7A90 | Long             | DBT              | CORP              | IT        |     1100000 | PA      | $1309543.04   | 0.10%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                    | Turkiye Government International Bonds                                                                                           | CUSIP: 900123CB4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     6200000 | PA      | $4596315.38   | 0.34%             | 2043-04-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                                       | PURCHASED USD / SOLD SGD                                                                                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | US        |           1 | NC      | $49.54        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dominican Republic                                        | Dominican Republic International Bond                                                                                            | CUSIP: 25714PDW5<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     2800000 | PA      | $2786560.00   | 0.20%             | 2048-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                              | Broadcom Inc                                                                                                                     | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     3100000 | PA      | $2682013.48   | 0.20%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Certificates                   | WaMu Mortgage Pass-Through Certificates Series 2007-HY1 Trust                                                                    | CUSIP: 92925VAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        1862 | PA      | $1598.57      | 0.00%             | 2037-02-25      | Variable      | 4.11%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                       | Axon Enterprise Inc                                                                                                              | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |      950000 | PA      | $977831.20    | 0.07%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                         | EURO-BTP FUTURE DEC25                                                                                                            | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         132 | NC      | $22582.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Pass-Through Trust                                    | CVS Pass-Through Trust                                                                                                           | CUSIP: 126650BY5<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |      480753 | PA      | $488545.33    | 0.04%             | 2034-01-10      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                                  | Santander UK Group Holdings PLC                                                                                                  | CUSIP: 80281LAP0<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |      800000 | PA      | $731299.58    | 0.05%             | 2032-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 17-2 AA PTT                                  | American Airlines 2017-2 Class AA Pass Through Trust                                                                             | CUSIP: 02376AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      683259 | PA      | $658789.73    | 0.05%             | 2029-10-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                      | Bayer US Finance LLC                                                                                                             | CUSIP: 07274EAH6<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |     2100000 | PA      | $2136302.22   | 0.16%             | 2026-11-21      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                    | GreenSky Home Improvement Trust 2024-1                                                                                           | CUSIP: 39571MAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      500000 | PA      | $512688.95    | 0.04%             | 2059-06-25      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                         | Citigroup Mortgage Loan Trust 2007-10                                                                                            | CUSIP: 17313QAR9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | ABS-MBS          | CORP              | US        |        3229 | PA      | $3010.24      | 0.00%             | 2037-09-25      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                            | ACHV ABS TRUST 2024-2PL                                                                                                          | CUSIP: 00092HAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      175326 | PA      | $176372.56    | 0.01%             | 2031-10-27      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: BWU02G0K6 IRS USD R V 12MSOFR SWUV2G0K8 CCPOIS / Short: BWU02G0K6 IRS USD P F  3.25000 SWU02G0K6 CCPOIS                    | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    34300000 | OU      | $190828.05    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                                  | Ford Motor Credit Co LLC                                                                                                         | CUSIP: 345397YT4<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |      300000 | PA      | $292665.67    | 0.02%             | 2027-11-02      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2006-5T2                                                                                                  | CUSIP: 12668BMU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      315964 | PA      | $105812.69    | 0.01%             | 2036-04-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0M363 CDS USD R F  1.00000 1 CCPCDX / Short: SWPC0M363 CDS USD P V 03MEVENT 2 CCPCDX                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    10200000 | OU      | $-18247.49    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2024-NQM3                                                                                                                   | CUSIP: 69381FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2316003 | PA      | $2320636.06   | 0.17%             | 2069-08-25      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA LTD                                     | Transocean Aquila Ltd                                                                                                            | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      795385 | PA      | $818153.30    | 0.06%             | 2028-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                      | Paraguay Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |     1300000 | PA      | $1377220.00   | 0.10%             | 2036-02-09      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2023-NQM9 Trust                                                                                                              | CUSIP: 673921AA0<br>LEI: 2549007JKD4UEFDCFB08 | Long             | ABS-MBS          | CORP              | US        |     3106844 | PA      | $3158706.98   | 0.23%             | 2063-10-25      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                            | Rocket Cos Inc                                                                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      900000 | PA      | $923688.00    | 0.07%             | 2030-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                         | EURO-BUND FUTURE DEC25                                                                                                           | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |          18 | NC      | $11533.17     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinitas CLO Ltd                                          | Trinitas CLO VI Ltd                                                                                                              | CUSIP: 89640YBN3<br>LEI: 549300IUAXGLQ814UD95 | Long             | ABS-CBDO         | CORP              | KY        |     1600000 | PA      | $1599520.00   | 0.12%             | 2034-01-25      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| PANAMA INFRASTRUCTURE                                     | Panama Infrastructure Receivable Purchaser PLC                                                                                   | CUSIP: 69828QAD9<br>LEI: 213800QSH7EDGMUDJW25 | Long             | DBT              | CORP              | GB        |     2900000 | PA      | $2175000.00   | 0.16%             | 2032-04-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                     | Venezuela Government International Bond                                                                                          | CUSIP: P97475AG5<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |       32000 | PA      | $5603.20      | 0.00%             | 2020-12-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                    | U.S. Treasury Bonds                                                                                                              | CUSIP: 912810TM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    19800000 | PA      | $18305718.75  | 1.35%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GSAMP Trust                                               | GSAMP Trust 2007-FM2                                                                                                             | CUSIP: 3622MHAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      134441 | PA      | $82098.06     | 0.01%             | 2037-01-25      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| SAMHALLSBYG HOLD                                          | Samhallsbyggnadsbolaget I Norden Holding AB                                                                                      | CUSIP: 000000000<br>LEI: 636700JPED0N9T4ET363 | Long             | DBT              | CORP              | SE        |      600000 | PA      | $679467.20    | 0.05%             | 2026-08-04      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                                     | KKR CLO 9 Ltd                                                                                                                    | CUSIP: 48250LAW9<br>LEI: 549300C6QY0XRSC8FH09 | Long             | ABS-CBDO         | CORP              | KY        |      108865 | PA      | $108867.16    | 0.01%             | 2030-07-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                                  | CQP Holdco LP / BIP-V Chinook Holdco LLC                                                                                         | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1000000 | PA      | $990704.30    | 0.07%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD MXN                                                                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $-62008.15    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD BRL                                                                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $-9055.21     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                                     | Panther Escrow Issuer LLC                                                                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1800000 | PA      | $1872212.40   | 0.14%             | 2031-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                 | Uniform Mortgage-Backed Security, TBA                                                                                            | CUSIP: 01F0426B4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    12700000 | PA      | $12312729.88  | 0.90%             | 2055-11-13      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD COP                                                                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $-36823.63    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0NUS3 CDS USD R F  1.00000 1 CCPCDX / Short: SWPC0NUS3 CDS USD P V 03MEVENT 2 CCPCDX                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    13100000 | OU      | $-287066.46   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Residential Asset Securitization Trust                    | Residential Asset Securitization Trust 2007-A2                                                                                   | CUSIP: 761120AL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3311462 | PA      | $874774.93    | 0.06%             | 2037-04-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                                          | Georgia Power Co                                                                                                                 | CUSIP: 373334KW0<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1237849.61   | 0.09%             | 2034-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD EUR                                                                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $243.01       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Paraguay                                      | Paraguay Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |      600000 | PA      | $567474.00    | 0.04%             | 2048-03-13      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                              | Ecopetrol SA                                                                                                                     | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |      200000 | PA      | $216796.51    | 0.02%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2023-NQM8 Trust                                                                                                              | CUSIP: 67118CAA9<br>LEI: 254900L7QTAO1E3CDI14 | Long             | ABS-MBS          | CORP              | US        |     1701498 | PA      | $1726121.68   | 0.13%             | 2063-09-25      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED USD / SOLD AUD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |           1 | NC      | $-1682.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                      | Republic of Uzbekistan International Bond                                                                                        | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |      700000 | PA      | $847574.72    | 0.06%             | 2027-05-29      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                          | T-Mobile USA Inc                                                                                                                 | CUSIP: 87264ADM4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $1964200.98   | 0.14%             | 2035-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Securitized Asset Backed Receivables LLC Trust            | Securitized Asset Backed Receivables LLC Trust 2005-FR4                                                                          | CUSIP: 81375WFJ0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | ABS-O            | CORP              | US        |       22695 | PA      | $21892.54     | 0.00%             | 2036-01-25      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC                     | Charter Communications Operating LLC 2024 Term Loan B5                                                                           | CUSIP: 16117LCE7<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |      563940 | PA      | $563658.04    | 0.04%             | 2031-12-15      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD EUR                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $9492.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Southern Gas Corridor CJSC                                | Southern Gas Corridor CJSC                                                                                                       | CUSIP: 000000000<br>LEI: 213800DG58KG59XY6318 | Long             | DBT              | CORP              | AZ        |     1100000 | PA      | $1111366.20   | 0.08%             | 2026-03-24      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD ILS                                                                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $-1642.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                      | Cross 2025-H6 Mortgage Trust                                                                                                     | CUSIP: 22758TAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1875423 | PA      | $1880287.17   | 0.14%             | 2070-07-25      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| SPIRIT AVIATION HLDGS INC                                 | SPIRIT AVIATION HLDGS INC                                                                                                        | CUSIP: 84863V119<br>LEI: N/A                  | N/A              | DE               |  | US        |        7627 | NS      | $2898.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                                   | Arthur J Gallagher & Co                                                                                                          | CUSIP: 04316JAN9<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |     1600000 | PA      | $1618917.65   | 0.12%             | 2035-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                        | Viking Cruises Ltd                                                                                                               | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |      425000 | PA      | $456161.00    | 0.03%             | 2031-07-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                    | U.S. Treasury Bills                                                                                                              | CUSIP: 912797RD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |       71000 | PA      | $70840.49     | 0.01%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2023-1 A PTT                                   | United Airlines 2023-1 Class A Pass Through Trust                                                                                | CUSIP: 90932LAJ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     3451993 | PA      | $3569952.19   | 0.26%             | 2036-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                     | Quikrete Holdings Inc                                                                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     2400000 | PA      | $2486025.60   | 0.18%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Abu Dhabi Government International Bonds                  | Abu Dhabi Government International Bonds                                                                                         | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |     7500000 | PA      | $5445758.40   | 0.40%             | 2049-09-30      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                          | Crown Castle Inc                                                                                                                 | CUSIP: 22822VAW1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |     1700000 | PA      | $1488380.75   | 0.11%             | 2031-04-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                    | CHL Mortgage Pass-Through Trust 2005-22                                                                                          | CUSIP: 126694LW6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        6947 | PA      | $5573.02      | 0.00%             | 2035-10-25      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| HSI Asset Securitization Corporation Trust                | HSI Asset Securitization Corp Trust 2005-I1                                                                                      | CUSIP: 40430HCN6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       96730 | PA      | $90403.06     | 0.01%             | 2035-11-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Henley Funding Ltd.                                       | Henley CLO VII DAC                                                                                                               | CUSIP: 000000000<br>LEI: 635400SRJSVJPTMR4D89 | Long             | ABS-CBDO         | CORP              | IE        |     1400000 | PA      | $1644488.98   | 0.12%             | 2034-04-25      | Floating      | 2.93%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2007-AL1                                                                                                  | CUSIP: 02150NAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2957035 | PA      | $2490893.63   | 0.18%             | 2037-06-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| Sands China Ltd                                           | Sands China Ltd                                                                                                                  | CUSIP: 80007RAE5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |      450000 | PA      | $460395.45    | 0.03%             | 2028-08-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0N8J8 CDS EUR R F  5.00000 1 CCPCORPORATE / Short: SWPC0N8J8 CDS EUR P V 03MEVENT 2 CCPCORPORATE                       | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      500000 | OU      | $131575.30    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                        | BMO 2024-5C5 Mortgage Trust                                                                                                      | CUSIP: 05593RAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5800000 | PA      | $6073137.66   | 0.45%             | 2057-02-15      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| IPD 3 BV                                                  | IPD 3 BV                                                                                                                         | CUSIP: 000000000<br>LEI: 724500RBP2J59JMQB629 | Long             | DBT              | CORP              | NL        |     1700000 | PA      | $1998977.53   | 0.15%             | 2031-06-15      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                     | Panama Government International Bonds                                                                                            | CUSIP: 698299BV5<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     3800000 | PA      | $3849780.00   | 0.28%             | 2054-03-28      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                         | Republic of Kenya Government International Bond                                                                                  | CUSIP: 491798AM6<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     1400000 | PA      | $1494063.56   | 0.11%             | 2031-02-16      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | Long: SWU02HXM4 IRS BRL R F 13.29140 SWU02HXM4 CCPNDFPREDISWAP / Short: SWU02HXM4 IRS BRL P V 00MBRCDI SWUV2HXM6 CCPNDFPREDISWAP | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    33700000 | OU      | $-6363.76     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                   | Goldman Sachs Group Inc/The                                                                                                      | CUSIP: 38141GB37<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      200000 | PA      | $205888.83    | 0.02%             | 2035-07-23      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| MASTR Asset Backed Securities                             | Mastr Asset Backed Securities Trust 2006-HE3                                                                                     | CUSIP: 57645JAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1838164 | PA      | $522938.69    | 0.04%             | 2036-08-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| COMISION EJ HI RIO LEMPA                                  | Comision Ejecutiva Hidroelectrica del Rio Lempa                                                                                  | CUSIP: 000000000<br>LEI: 254900YU43PQQ27Q0E71 | Long             | DBT              | CORP              | SV        |      300000 | PA      | $313620.00    | 0.02%             | 2033-01-24      | Fixed         | 8.65%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                              | CaixaBank SA                                                                                                                     | CUSIP: 12803RAG9<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |     1300000 | PA      | $1348316.39   | 0.10%             | 2030-03-15      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED TWD / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | TW        |           1 | NC      | $-1137.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TELECOM ITALIA SPA                                        | Telecom Italia SpA/Milano                                                                                                        | CUSIP: 000000000<br>LEI: 549300W384M3RI3VXU42 | Long             | DBT              | CORP              | IT        |      650000 | PA      | $851816.03    | 0.06%             | 2028-07-31      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNER                                  | Kraken Oil & Gas Partners LLC                                                                                                    | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1387653.82   | 0.10%             | 2029-08-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED SGD / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | SG        |           1 | NC      | $-1954.48     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                        | Energy Transfer LP                                                                                                               | CUSIP: 29278NAG8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      100000 | PA      | $102886.34    | 0.01%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2025-C                                                                                                 | CUSIP: 64035UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3200000 | PA      | $3187449.28   | 0.23%             | 2065-06-22      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                     | Sri Lanka Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      371358 | PA      | $328151.78    | 0.02%             | 2036-05-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| VB DPR FINANCE COMPANY                                    | VB DPR FINANCE COMPANY                                                                                                           | CUSIP: 000000000<br>LEI: 549300Y3LKKHCL3AQW08 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $2063223.32   | 0.15%             | 2035-03-15      | Fixed         | 6.83%                 | Yes           |                  3 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                  | Encore Capital Group Inc                                                                                                         | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |      700000 | PA      | $743362.20    | 0.05%             | 2030-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                                     | Costa Rica Government International Bond                                                                                         | CUSIP: 221597CV7<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |      800000 | PA      | $875473.90    | 0.06%             | 2054-11-13      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                            | 1261229 BC Ltd                                                                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      575000 | PA      | $589404.92    | 0.04%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                    | Egypt Government International Bond                                                                                              | CUSIP: 03846JAC4<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     1900000 | PA      | $1489404.43   | 0.11%             | 2061-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                             | EchoStar Corp                                                                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |      700000 | PA      | $770119.00    | 0.06%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                                      | Raizen Fuels Finance SA                                                                                                          | CUSIP: 75102XAF3<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |     1200000 | PA      | $1171200.00   | 0.09%             | 2032-07-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Certificates                   | WaMu Mortgage Pass-Through Certificates Series 2006-AR8 Trust                                                                    | CUSIP: 93362FAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        4970 | PA      | $4618.59      | 0.00%             | 2036-08-25      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                                       | LCM 31 Ltd                                                                                                                       | CUSIP: 50201QAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     1000000 | PA      | $1000809.96   | 0.07%             | 2034-07-20      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| THAMES WATER UTIL FIN                                     | Thames Water Utilities Finance PLC                                                                                               | CUSIP: 000000000<br>LEI: 213800ESMPQ4RQ7G8351 | Long             | DBT              | CORP              | GB        |     1225000 | PA      | $1147513.91   | 0.08%             | 2043-02-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                           | Sands China Ltd                                                                                                                  | CUSIP: 80007RAN5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |      400000 | PA      | $388456.36    | 0.03%             | 2027-03-08      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                 | Towd Point Mortgage Trust 2024-CES6                                                                                              | CUSIP: 891947AA1<br>LEI: 25490024AP9UCHO22G82 | Long             | ABS-MBS          | CORP              | US        |      907413 | PA      | $915405.46    | 0.07%             | 2064-11-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED JPY / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | JP        |           1 | NC      | $-35645.70    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MITCHELLS & BUTLERS FIN                                   | Mitchells & Butlers Finance PLC                                                                                                  | CUSIP: 000000000<br>LEI: 213800E7QA1U8BF34219 | Long             | SN               | CORP              | GB        |      528440 | PA      | $690870.94    | 0.05%             | 2030-12-15      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                                    | HAT Holdings I LLC / HAT Holdings II LLC                                                                                         | CUSIP: 418751AL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      608000 | PA      | $632978.28    | 0.05%             | 2027-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                         | NatWest Group PLC                                                                                                                | CUSIP: 780097BQ3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |      500000 | PA      | $500579.00    | 0.04%             | 2025-12-29      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2023-4                                                                                                | CUSIP: 92539TAA1<br>LEI: 2138008DC17PCNG48R87 | Long             | ABS-MBS          | CORP              | US        |      570039 | PA      | $571697.23    | 0.04%             | 2068-05-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2006-HY10                                                                                                 | CUSIP: 12668BUH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        3726 | PA      | $3541.71      | 0.00%             | 2036-05-25      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0KSX1 CDS USD R F  5.00000 1 CCPCORPORATE / Short: SWPC0KSX1 CDS USD P V 03MEVENT 2 CCPCORPORATE                       | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     1000000 | OU      | $32180.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0KTA0 CDS USD R F  5.00000 1 CCPCORPORATE / Short: SWPC0KTA0 CDS USD P V 03MEVENT 2 CCPCORPORATE                       | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      900000 | OU      | $61930.25     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                  | Kaisa Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      121741 | PA      | $2282.64      | 0.00%             | 2028-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                  | Charter Communications Operating LLC / Charter Communications Operating Capital                                                  | CUSIP: 161175BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1800000 | PA      | $1121904.36   | 0.08%             | 2061-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC                                       | Reach ABS Trust 2024-2                                                                                                           | CUSIP: 75525HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      154750 | PA      | $155546.18    | 0.01%             | 2031-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                      | Flutter Treasury DAC                                                                                                             | CUSIP: 344045AA7<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |     1200000 | PA      | $1239142.80   | 0.09%             | 2029-04-29      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                     | Panama Government International Bonds                                                                                            | CUSIP: 698299BX1<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     2900000 | PA      | $3184490.00   | 0.23%             | 2031-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                  | Occidental Petroleum Corp                                                                                                        | CUSIP: 674599EK7<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1220378.40   | 0.09%             | 2032-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0KWL2 CDS USD R F  5.00000 1 CCPCORPORATE / Short: SWPC0KWL2 CDS USD P V 03MEVENT 2 CCPCORPORATE                       | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      300000 | OU      | $20644.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                          | Altice France SA                                                                                                                 | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     3250000 | PA      | $3288797.68   | 0.24%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                               | RCKT Mortgage Trust 2024-CES5                                                                                                    | CUSIP: 74938KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1327349 | PA      | $1341392.86   | 0.10%             | 2044-08-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                        | Kennedy-Wilson Inc                                                                                                               | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |      500000 | PA      | $466850.00    | 0.03%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                    | US 2YR NOTE (CBT) DEC25                                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         295 | NC      | $12318.82     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| THAMES WATER UTIL LTD                                     | Thames Water Utilities Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 213800JKM5UQHFJOTZ25 | Long             | DBT              | CORP              | GB        |        9188 | PA      | $10565.26     | 0.00%             | 2027-03-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED TRY / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | TR        |           1 | NC      | $78.77        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC                                  | Constellation Energy Generation LLC                                                                                              | CUSIP: 210385AE0<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $1114430.66   | 0.08%             | 2053-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                          | Vmed O2 UK Financing I PLC                                                                                                       | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |     3100000 | PA      | $3970564.88   | 0.29%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2024-NQM1 Trust                                                                                                             | CUSIP: 693977AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      711208 | PA      | $719083.66    | 0.05%             | 2068-12-25      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| CORESTATE CAPITAL HOLD                                    | Corestate Capital Holding SA                                                                                                     | CUSIP: 000000000<br>LEI: 529900GNB86RB7HRX793 | Long             | DBT              | CORP              | LU        |      237441 | PA      | $245869.42    | 0.02%             | 2026-12-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                     | Mexico Government International Bonds                                                                                            | CUSIP: 91087BAZ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     2600000 | PA      | $2656810.00   | 0.20%             | 2036-05-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                       | Southern California Edison Co                                                                                                    | CUSIP: 842400HY2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     1250000 | PA      | $1289437.04   | 0.09%             | 2028-10-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL                                       | Senegal Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |     2100000 | PA      | $1693434.69   | 0.12%             | 2031-06-10      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                         | GLS Auto Select Receivables Trust 2023-2                                                                                         | CUSIP: 36269EAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2000000 | PA      | $2067327.60   | 0.15%             | 2029-12-17      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                                  | Burford Capital Global Finance LLC                                                                                               | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |     1500000 | PA      | $1526400.00   | 0.11%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pass-Through CTFS              | Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2007-OA3 Trust                                                 | CUSIP: 939355BR3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      194810 | PA      | $160895.16    | 0.01%             | 2047-04-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| X Corp.                                                   | X Corp Term Loan                                                                                                                 | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     2083929 | PA      | $2042541.79   | 0.15%             | 2029-10-26      | Floating      | 10.96%                | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT LLC                                 | Stonepeak Nile Parent LLC Term Loan B                                                                                            | CUSIP: 86184XAB0<br>LEI: 254900TJV3VAFZD0GU41 | Long             | LON              | CORP              | US        |     1200000 | PA      | $1199100.00   | 0.09%             | 2032-04-09      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED USD / SOLD TWD                                                                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |           1 | NC      | $5030.66      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                    | US ULTRA BOND CBT DEC25                                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          36 | NC      | $129041.78    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Colombia Government International Bonds                   | Colombia Government International Bonds                                                                                          | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     1000000 | PA      | $1073000.00   | 0.08%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2006-OA17                                                                                                 | CUSIP: 12668PAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       17282 | PA      | $15202.63     | 0.00%             | 2046-12-20      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED USD / SOLD CZK                                                                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |           1 | NC      | $684.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED USD / SOLD CAD                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $2315.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: SWU02K0M3 IRS GBP R F  3.75000 SWU02K0M3 CCPOIS / Short: SWU02K0M3 IRS GBP P V 12MSONIA SWUV2K0M5 CCPOIS                   | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    26200000 | OU      | $-139891.90   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| WAMU Asset-Backed Certificates                            | WaMu Asset-Backed Certificates WaMu Series 2007-HE1 Trust                                                                        | CUSIP: 933631AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       86967 | PA      | $75673.74     | 0.01%             | 2037-01-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| TIB DIVERSIFIED PAYMENT RIGHTS                            | TIB DIVERSIFIED PAYMENT RIGHTS                                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1250000 | PA      | $1248932.53   | 0.09%             | 2034-11-15      | Fixed         | 7.11%                 | Yes           |                  3 | On Loan: No      |
| KazMunayGas National Co. JSC                              | KazMunayGas National Co. JSC                                                                                                     | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |     1200000 | PA      | $1117478.69   | 0.08%             | 2047-04-19      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CENCORA INC                                               | Cencora Inc                                                                                                                      | CUSIP: 000000000<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |      875000 | PA      | $1038911.33   | 0.08%             | 2032-05-22      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                   | Hungary Government International Bond                                                                                            | CUSIP: 445545AR7<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     1200000 | PA      | $1252552.12   | 0.09%             | 2028-05-22      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| VIRIDIEN                                                  | Viridien                                                                                                                         | CUSIP: 000000000<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |     1000000 | PA      | $1213711.68   | 0.09%             | 2030-10-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED TRY / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | TR        |           1 | NC      | $22814.16     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| XPO INC                                                   | XPO Inc                                                                                                                          | CUSIP: 98379KAA0<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1222780.04   | 0.09%             | 2028-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Serbia International Bonds                                | Serbia International Bonds                                                                                                       | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |     1500000 | PA      | $1627228.01   | 0.12%             | 2033-09-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF GAS CO                                     | Southern California Gas Co                                                                                                       | CUSIP: 842434DB5<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1424089.24   | 0.10%             | 2034-09-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                        | Ukraine Government International Bond                                                                                            | CUSIP: 903724BZ4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      273201 | PA      | $185776.68    | 0.01%             | 2029-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust                            | Long Beach Mortgage Loan Trust 2006-1                                                                                            | CUSIP: 542514RM8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       48313 | PA      | $42562.39     | 0.00%             | 2036-02-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| TITANIUM 2L BONDCO SARL                                   | Titanium 2l Bondco Sarl                                                                                                          | CUSIP: 000000000<br>LEI: 636700S4QMU2DWYOSF67 | Long             | DBT              | CORP              | LU        |     8785200 | PA      | $2665048.70   | 0.20%             | 2031-01-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                     | Belron UK Finance PLC                                                                                                            | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |      500000 | PA      | $506517.00    | 0.04%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                 | Boeing Co/The                                                                                                                    | CUSIP: 097023CR4<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $1436916.02   | 0.11%             | 2059-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                                                  | OZLM XVII Ltd                                                                                                                    | CUSIP: 67111NAQ7<br>LEI: 549300EERMFPZ487P195 | Long             | ABS-CBDO         | CORP              | KY        |       73540 | PA      | $73540.35     | 0.01%             | 2030-07-20      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| NuStar Logistics LP                                       | NuStar Logistics LP                                                                                                              | CUSIP: 67059TAF2<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |      200000 | PA      | $200726.80    | 0.01%             | 2026-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                     | Panama Government International Bonds                                                                                            | CUSIP: 698299BH6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     1300000 | PA      | $976521.00    | 0.07%             | 2050-04-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co                                      | Kraft Heinz Foods Co                                                                                                             | CUSIP: 50077LAB2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     1500000 | PA      | $1248281.69   | 0.09%             | 2046-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| X Corp.                                                   | X Corp 2025 Fixed Term Loan                                                                                                      | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     1100000 | PA      | $1102596.00   | 0.08%             | 2029-10-26      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                  | Government National Mortgage Association                                                                                         | CUSIP: 38380LQ55<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       69914 | PA      | $69922.64     | 0.01%             | 2069-11-20      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | Petroleos Mexicanos                                                                                                              | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      536000 | PA      | $531177.61    | 0.04%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED USD / SOLD NOK                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $-4.21        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                    | U.S. Treasury Bills                                                                                                              | CUSIP: 912797NA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |      243000 | PA      | $242206.39    | 0.02%             | 2025-10-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                    | PURCHASED USD / SOLD NOK                                                                                                         | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | US        |           1 | NC      | $-177.80      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKEY                                        | Republic Of Turkey EUR Term Loan A                                                                                               | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | LON              | NUSS              | TR        |     1700000 | PA      | $2160969.00   | 0.16%             | 2031-04-27      | Floating      | 8.34%                 | No            |                  3 | On Loan: No      |
| Ares European CLO                                         | Ares European CLO X DAC                                                                                                          | CUSIP: 000000000<br>LEI: 635400SFL7VSI4HNPI68 | Long             | ABS-CBDO         | CORP              | IE        |      493542 | PA      | $579038.16    | 0.04%             | 2031-10-15      | Floating      | 2.81%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                       | Benin Government International Bond                                                                                              | CUSIP: 000000000<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |      400000 | PA      | $426945.13    | 0.03%             | 2052-01-19      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                  | Virgin Media Secured Finance PLC                                                                                                 | CUSIP: 000000000<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |     3200000 | PA      | $3991386.62   | 0.29%             | 2030-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds   | Republic of South Africa Government International Bonds                                                                          | CUSIP: 836205AV6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |      500000 | PA      | $374187.16    | 0.03%             | 2046-10-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust               | MF1 2022-FL8 Ltd                                                                                                                 | CUSIP: 55284JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      718769 | PA      | $718764.77    | 0.05%             | 2037-02-19      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 3 SARL                                   | Albion Financing 3 SARL 2025 EUR Term Loan                                                                                       | CUSIP: 01330EAC2<br>LEI: 259400QTZA08U7DIP580 | Long             | LON              | CORP              | LU        |     1400000 | PA      | $1650623.66   | 0.12%             | 2031-05-21      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| CarMax Select Receivables Trust                           | CarMax Select Receivables Trust 2025-A                                                                                           | CUSIP: 14319UAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2200000 | PA      | $2229318.74   | 0.16%             | 2030-09-16      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| PARADIGM PARENT LLC                                       | Paradigm Parent LLC 1st Lien Term Loan                                                                                           | CUSIP: 69902BAB5<br>LEI: 254900EDT9YE5UFH3458 | Long             | LON              | CORP              | US        |     1400000 | PA      | $1254316.00   | 0.09%             | 2032-04-16      | Floating      | 8.82%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                     | Mexico Government International Bonds                                                                                            | CUSIP: 91087BBA7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     1150000 | PA      | $1122411.50   | 0.08%             | 2054-05-07      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                        | Chase Home Lending Mortgage Trust 2024-RPL4                                                                                      | CUSIP: 16160NAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3058667 | PA      | $2768202.81   | 0.20%             | 2064-12-25      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| JOHN LEWIS PLC                                            | John Lewis PLC                                                                                                                   | CUSIP: 000000000<br>LEI: 213800JSUFNZLZLCVJ25 | Long             | DBT              | CORP              | GB        |     1200000 | PA      | $1312489.91   | 0.10%             | 2034-12-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DAE FUNDING LLC                                           | DAE Funding LLC                                                                                                                  | CUSIP: 23371DAG9<br>LEI: 635400SZTPQL3Y1P2C76 | Long             | DBT              | CORP              | US        |      700000 | PA      | $676483.04    | 0.05%             | 2028-03-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO                                  | Virginia Electric and Power Co                                                                                                   | CUSIP: 927804GP3<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |      400000 | PA      | $404497.22    | 0.03%             | 2034-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                            | CPS Auto Receivables Trust 2024-A                                                                                                | CUSIP: 22411CAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1575000 | PA      | $1591962.59   | 0.12%             | 2030-04-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GEORGIA                                 | Municipal Electric Authority of Georgia                                                                                          | CUSIP: 626207YM0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |       93000 | PA      | $101191.01    | 0.01%             | 2057-04-01      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                           | Venture 33 CLO Ltd                                                                                                               | CUSIP: 92330YAN3<br>LEI: 549300NQPL9XHZ20E278 | Long             | ABS-CBDO         | CORP              | KY        |      334656 | PA      | $334856.41    | 0.02%             | 2031-07-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                   | Romanian Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     1400000 | PA      | $1290665.16   | 0.09%             | 2033-04-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                        | BMO 2024-5C8 Mortgage Trust                                                                                                      | CUSIP: 09661XAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2100000 | PA      | $2152584.00   | 0.16%             | 2057-12-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                  | EQT Corp                                                                                                                         | CUSIP: 26884LAX7<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     1387000 | PA      | $1387199.08   | 0.10%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Specialty Underwriting & Residential Finance              | Specialty Underwriting & Residential Finance Trust Series 2005-BC2                                                               | CUSIP: 84751PFW4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       36189 | PA      | $36001.95     | 0.00%             | 2035-12-25      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2024-HYB2 Trust                                                                                                              | CUSIP: 67118RAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2367034 | PA      | $2330425.62   | 0.17%             | 2053-04-25      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                         | EURO-BOBL FUTURE DEC25                                                                                                           | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         344 | NC      | $13450.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cairn CLO BV                                              | Cairn CLO X DAC                                                                                                                  | CUSIP: 000000000<br>LEI: 549300SJJA6F0HPES196 | Long             | ABS-CBDO         | CORP              | IE        |      407768 | PA      | $478819.01    | 0.04%             | 2031-10-15      | Floating      | 2.81%                 | No            |                  2 | On Loan: No      |
| Structured Asset Mortgage Investments Inc                 | Structured Asset Mortgage Investments II Trust 2005-AR8                                                                          | CUSIP: 86359LRY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      172870 | PA      | $148089.25    | 0.01%             | 2036-02-25      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                 | Towd Point Mortgage Trust 2015-4                                                                                                 | CUSIP: 89171UAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2500000 | PA      | $2445635.50   | 0.18%             | 2055-04-25      | Variable      | 4.09%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                    | Cloud Software Group Inc                                                                                                         | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1378979.39   | 0.10%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                  | Republic of South Africa Government International Bond                                                                           | CUSIP: 836205BG8<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     1100000 | PA      | $1118115.54   | 0.08%             | 2054-11-19      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Rockpoint Gas Storage Partners LP                         | Rockpoint Gas Storage Partners LP 2025 Term Loan B                                                                               | CUSIP: 000000000<br>LEI: 549300ZXM0KTRM0NMI59 | Long             | LON              | CORP              | US        |     1288509 | PA      | $1291961.96   | 0.09%             | 2031-09-18      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                    | Pacific Gas and Electric Co                                                                                                      | CUSIP: 694308JF5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      100000 | PA      | $96124.23     | 0.01%             | 2027-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Setanta Aircraft Leasing Designated Activity Company      | Setanta Aircraft Leasing Designated Activity Company 2024 Term Loan B                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |     1400000 | PA      | $1406412.00   | 0.10%             | 2028-11-05      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CAMEROON                                      | Republic of Cameroon International Bond                                                                                          | CUSIP: 000000000<br>LEI: 54930021BO6NHYGBBV24 | Long             | DBT              | NUSS              | CM        |     1000000 | PA      | $962497.58    | 0.07%             | 2032-07-07      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CI FINANCIAL CORP                                         | CI Financial Corp                                                                                                                | CUSIP: 125491AT7<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |     1100000 | PA      | $1172353.37   | 0.09%             | 2029-05-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                   | Goldman Sachs Group Inc/The                                                                                                      | CUSIP: 38141GA95<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     2500000 | PA      | $2663651.65   | 0.20%             | 2035-04-25      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                      | LifePoint Health Inc 2024 Incremental Term Loan B1                                                                               | CUSIP: 75915TAL6<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |     1485031 | PA      | $1477145.59   | 0.11%             | 2031-05-19      | Floating      | 7.66%                 | 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        |       10476 | PA      | $10003.88     | 0.00%             | 2034-10-25      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Tralee CDO Ltd                                            | Tralee Clo VI Ltd                                                                                                                | CUSIP: 89289EBL7<br>LEI: 5493008UP9ZP8RMZTC21 | Long             | ABS-CBDO         | CORP              | KY        |      649549 | PA      | $650400.83    | 0.05%             | 2032-10-25      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS LLC                                    | Chubb INA Holdings LLC                                                                                                           | CUSIP: 000000000<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |      200000 | PA      | $228611.65    | 0.02%             | 2027-06-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                                     | QXO Building Products Inc                                                                                                        | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1346015.05   | 0.10%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                             | Carnival Corp                                                                                                                    | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     3300000 | PA      | $3252828.48   | 0.24%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                        | Ukraine Government International Bond                                                                                            | CUSIP: 903724CE0<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     1412114 | PA      | $582497.03    | 0.04%             | 2034-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                    | US LONG BOND(CBT) DEC25                                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          -6 | NC      | $-15945.78    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CMA CGM SA                                                | CMA CGM SA                                                                                                                       | CUSIP: 000000000<br>LEI: 969500BZJ49IICIBZZ08 | Long             | DBT              | CORP              | FR        |      975000 | PA      | $1164061.95   | 0.09%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAE SUKUK DIFC LTD                                        | DAE Sukuk Difc Ltd                                                                                                               | CUSIP: 23302JAA3<br>LEI: 635400AMGMPG1J5EQD94 | Long             | DBT              | CORP              | AE        |     1000000 | PA      | $994482.73    | 0.07%             | 2026-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GE CAPITAL UK FUNDING UN                                  | GE Capital UK Funding Unlimited Co                                                                                               | CUSIP: 000000000<br>LEI: BR7Z6BPTFF652NNO9651 | Long             | DBT              | CORP              | IE        |      800000 | PA      | $1124532.45   | 0.08%             | 2033-01-18      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                                  | Santander UK Group Holdings PLC                                                                                                  | CUSIP: 80281LAG0<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |     3475000 | PA      | $3439864.94   | 0.25%             | 2028-11-03      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0K1S1 CDS EUR R F  1.00000 1 CCPCORPORATE / Short: SWPC0K1S1 CDS EUR P V 03MEVENT 2 CCPCORPORATE                       | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      100000 | OU      | $1504.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBISOFT ENTERTAINMENT SA                                  | Ubisoft Entertainment SA                                                                                                         | CUSIP: 000000000<br>LEI: 969500I7C8V1LBIMSM05 | Long             | DBT              | CORP              | FR        |      800000 | PA      | $874389.93    | 0.06%             | 2027-11-24      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED PLN / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | PL        |           1 | NC      | $527.51       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED USD / SOLD COP                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |           1 | NC      | $67.62        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD ZAR                                                                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $-7518.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED PLN / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | PL        |           1 | NC      | $-269.10      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                      | Saudi Government International Bonds                                                                                             | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     9300000 | PA      | $8067823.28   | 0.59%             | 2046-10-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                  | Encore Capital Group Inc                                                                                                         | CUSIP: 292554AS1<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1196507.89   | 0.09%             | 2031-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certificates                     | CWABS Asset-Backed Certificates Trust 2007-8                                                                                     | CUSIP: 12670FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      637644 | PA      | $565525.56    | 0.04%             | 2047-06-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| CREDICORP CAPITAL SOCIED                                  | Credicorp Capital Sociedad Titulizadora SA                                                                                       | CUSIP: 224939AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    13000000 | PA      | $4006278.71   | 0.29%             | 2043-12-15      | Fixed         | 10.10%                | No            |                  2 | On Loan: No      |
| ZF FINANCE GMBH                                           | ZF Finance GmbH                                                                                                                  | CUSIP: 000000000<br>LEI: 5493001N9T6QDCCXB426 | Long             | DBT              | CORP              | DE        |     2000000 | PA      | $2267386.16   | 0.17%             | 2028-09-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Affirm Master Trust                                       | Affirm Master Trust                                                                                                              | CUSIP: 00833BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1300000 | PA      | $1310405.20   | 0.10%             | 2033-02-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED TRY / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | TR        |           1 | NC      | $155.66       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MASTR Asset Backed Securities                             | Mastr Asset Backed Securities Trust 2006-WMC4                                                                                    | CUSIP: 57645MAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1160187 | PA      | $376114.74    | 0.03%             | 2036-10-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0KJ52 CDS EUR R F  1.00000 1 CCPCORPORATE / Short: SWPC0KJ52 CDS EUR P V 03MEVENT 2 CCPCORPORATE                       | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      500000 | OU      | $10255.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                                   | GLP Capital LP / GLP Financing II Inc                                                                                            | CUSIP: 361841AK5<br>LEI: 5493006GWRDBCZYWTM57 | Long             | DBT              | CORP              | US        |      400000 | PA      | $411092.00    | 0.03%             | 2028-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                        | Ukraine Government International Bond                                                                                            | CUSIP: 903724CD2<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      377887 | PA      | $197823.84    | 0.01%             | 2030-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| DRILLCO HLDG LUX S A                                      | DRILLCO HLDG LUX S A                                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |       24180 | NS      | $523900.01    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LCH Ltd.                                                  | Long: BWU02DC46 IRS USD R V 12MSOFR SWUV2DC48 CCPOIS / Short: BWU02DC46 IRS USD P F  3.00000 SWU02DC46 CCPOIS                    | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     4800000 | OU      | $34099.68     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                  | Venture Global Calcasieu Pass LLC                                                                                                | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     2700000 | PA      | $2587505.93   | 0.19%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2005-59                                                                                                   | CUSIP: 12668AEV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        2946 | PA      | $2854.86      | 0.00%             | 2035-11-20      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED MXN / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | MX        |           1 | NC      | $6286.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                    | PURCHASED USD / SOLD BRL                                                                                                         | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | US        |           1 | NC      | $-14151.86    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                     | Guatemala Government Bond                                                                                                        | CUSIP: 401494AY5<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     1200000 | PA      | $1246677.47   | 0.09%             | 2031-08-06      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                     | Wells Fargo & Co                                                                                                                 | CUSIP: 95000U3A9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      700000 | PA      | $708262.35    | 0.05%             | 2028-07-25      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | Morgan Stanley                                                                                                                   | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     1800000 | PA      | $1857327.50   | 0.14%             | 2035-07-19      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG                                  | ContourGlobal Power Holdings SA                                                                                                  | CUSIP: 21220LAB9<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |      700000 | PA      | $727118.00    | 0.05%             | 2030-02-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: BWU02KDO5 IRS USD R V 12MSOFR SWUV2KDO7 CCPOIS / Short: BWU02KDO5 IRS USD P F  3.70000 SWU02KDO5 CCPOIS                    | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    22034000 | OU      | $-138243.52   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CVS PASS-THROUGH TRUST                                    | CVS Pass-Through Trust Series 2013                                                                                               | CUSIP: 12665UAA2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |      298428 | PA      | $285628.92    | 0.02%             | 2036-01-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                   | Starwood Property Trust Inc                                                                                                      | CUSIP: 85571BBG9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |     1100000 | PA      | $1099315.67   | 0.08%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                        | Bausch + Lomb Corp                                                                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |      700000 | PA      | $729531.25    | 0.05%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                   | FTAI Aviation Investors LLC                                                                                                      | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     4400000 | PA      | $4602655.20   | 0.34%             | 2031-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI                                  | SMBC Aviation Capital Finance DAC                                                                                                | CUSIP: 78448TAF9<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |      200000 | PA      | $189715.57    | 0.01%             | 2028-06-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GROUP                                   | Sammons Financial Group Inc                                                                                                      | CUSIP: 79588TAF7<br>LEI: 254900SHCOQLVJ21CT59 | Long             | DBT              | CORP              | US        |     1500000 | PA      | $1651666.50   | 0.12%             | 2034-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund LTD                                | Atlas Senior Loan Fund XV Ltd                                                                                                    | CUSIP: 04942MAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     1891392 | PA      | $1893283.58   | 0.14%             | 2032-10-23      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                | Fannie Mae REMICS                                                                                                                | CUSIP: 3136BSSC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1531119 | PA      | $1537842.71   | 0.11%             | 2054-08-25      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED USD / SOLD COP                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |           1 | NC      | $-236852.01   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED AIR 2019-2 A PTT                                   | United Airlines 2019-2 Class A Pass Through Trust                                                                                | CUSIP: 90932MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       75088 | PA      | $71264.25     | 0.01%             | 2028-05-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies Euro                     | Carlyle Euro CLO 2021-2 DAC                                                                                                      | CUSIP: 000000000<br>LEI: 635400GXUD5SKWFXE966 | Long             | ABS-CBDO         | CORP              | IE        |      436257 | PA      | $510907.31    | 0.04%             | 2031-01-15      | Floating      | 2.73%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                          | T-Mobile USA Inc                                                                                                                 | CUSIP: 87264ACY9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      750000 | PA      | $766097.05    | 0.06%             | 2033-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                                | GLS Auto Receivables Issuer Trust 2024-2                                                                                         | CUSIP: 37964VAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1200000 | PA      | $1211531.16   | 0.09%             | 2028-11-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED TRY / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | TR        |           1 | NC      | $4269.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                                  | Republic of South Africa Government Bond                                                                                         | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    17700000 | PA      | $1028439.74   | 0.08%             | 2030-01-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                 | IQVIA Inc                                                                                                                        | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1439397.40   | 0.11%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | Long: SWPC0MNK0 CDS USD R F  1.00000 FIX SOVEREIGN / Short: SWPC0MNK0 CDS USD P V 03MEVENT FLO SOVEREIGN                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | US        |     2000000 | OU      | $35829.24     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                            | CPS Auto Receivables Trust 2024-D                                                                                                | CUSIP: 22411JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      260342 | PA      | $260725.10    | 0.02%             | 2028-06-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                  | Avis Budget Rental Car Funding AESOP LLC                                                                                         | CUSIP: 05377RHY3<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |     4000000 | PA      | $4136954.00   | 0.30%             | 2030-06-20      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| CRB Securitization Trust                                  | CRB Securitization Trust 2023-1                                                                                                  | CUSIP: 12670DAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       50540 | PA      | $50615.37     | 0.00%             | 2033-10-20      | Fixed         | 6.96%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET LENDING PAR                                  | Sixth Street Lending Partners                                                                                                    | CUSIP: 829932AD4<br>LEI: 549300S9P1HMDERGCR64 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1219360.27   | 0.09%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                    | Nigeria Government International Bonds                                                                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     2800000 | PA      | $2774828.42   | 0.20%             | 2032-02-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                    | GreenSky Home Improvement Trust 2024-1                                                                                           | CUSIP: 39571MAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1296453 | PA      | $1322696.15   | 0.10%             | 2059-06-25      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                      | Bayer US Finance LLC                                                                                                             | CUSIP: 07274EAK9<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |      350000 | PA      | $374071.51    | 0.03%             | 2030-11-21      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                    | Spirit AeroSystems Inc                                                                                                           | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |     1500000 | PA      | $1649691.00   | 0.12%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                      | Bank of America Corp                                                                                                             | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     1800000 | PA      | $1881562.88   | 0.14%             | 2036-01-24      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                     | Mexico Government International Bonds                                                                                            | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     1700000 | PA      | $1795234.00   | 0.13%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2005-1CB                                                                                                  | CUSIP: 12667F2Q7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      256108 | PA      | $114107.41    | 0.01%             | 2035-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TESCO PROPERTY FIN 3 PLC                                  | Tesco Property Finance 3 PLC                                                                                                     | CUSIP: 000000000<br>LEI: 213800HCQGDQGFP75D78 | Long             | DBT              | CORP              | GB        |       86194 | PA      | $115188.03    | 0.01%             | 2040-04-13      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | Petroleos Mexicanos                                                                                                              | CUSIP: 71654QBX9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      378000 | PA      | $287526.76    | 0.02%             | 2046-01-23      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certificates                     | CWABS Asset-Backed Certificates Trust 2006-BC2                                                                                   | CUSIP: 23242HAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      900000 | PA      | $864662.31    | 0.06%             | 2037-02-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED TRY / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | TR        |           1 | NC      | $306.08       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON                             | Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue                                                  | CUSIP: 592098G50<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |      100000 | PA      | $109893.23    | 0.01%             | 2037-07-01      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                       | CDW LLC / CDW Finance Corp                                                                                                       | CUSIP: 12513GBL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1332962.49   | 0.10%             | 2034-08-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD CAD                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $4175.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                                        | Republic of Panama EUR Term Loan                                                                                                 | CUSIP: 000000000<br>LEI: 549300SHS4T08CL0LP14 | Long             | LON              | NUSS              | IE        |     1900000 | PA      | $2234331.58   | 0.16%             | 2027-03-05      | Floating      | 3.84%                 | No            |                  3 | On Loan: No      |
| BRITISH AIR 21-1 A PPT                                    | British Airways 2021-1 Class A Pass Through Trust                                                                                | CUSIP: 11042CAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      326009 | PA      | $295861.74    | 0.02%             | 2035-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                            | CITIGROUP REPO                                                                                                                   | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | RA               | CORP              | US        |     6000000 | PA      | $6000000.00   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                            | Carvana Auto Receivables Trust 2023-P1                                                                                           | CUSIP: 14688EAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      532192 | PA      | $534073.29    | 0.04%             | 2027-12-10      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| BANCA MONTE DEI PASCHI S                                  | Banca Monte dei Paschi di Siena SpA                                                                                              | CUSIP: 000000000<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | DBT              | CORP              | IT        |     3800000 | PA      | $4885224.81   | 0.36%             | 2028-01-18      | Fixed         | 7.71%                 | No            |                  2 | On Loan: No      |
| Capital Street Master Trust                               | Capital Street Master Trust                                                                                                      | CUSIP: 14051LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1300000 | PA      | $1303717.35   | 0.10%             | 2028-10-16      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD PLN                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-1194.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CENTENE CORP                                              | Centene Corp                                                                                                                     | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     1989000 | PA      | $1928089.30   | 0.14%             | 2029-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ESAB CORP                                                 | Esab Corp                                                                                                                        | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1232763.60   | 0.09%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KONA SPC LTD                                              | Kona Spc Ltd                                                                                                                     | CUSIP: 000000000<br>LEI: 254900UKS4SVVOMZWX26 | Long             | DBT              | CORP              | KY        |     1000000 | PA      | $1174050.66   | 0.09%             | 2026-09-15      | Floating      | 5.72%                 | No            |                  3 | On Loan: No      |
| KINGDOM OF MOROCCO                                        | Morocco Government International Bond                                                                                            | CUSIP: 617726AM6<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |      500000 | PA      | $367541.97    | 0.03%             | 2050-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds         | Republic of Poland Government International Bonds                                                                                | CUSIP: 731011AZ5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     1000000 | PA      | $966814.56    | 0.07%             | 2054-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                        | Chase Home Lending Mortgage Trust 2023-RPL3                                                                                      | CUSIP: 161927AC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     6014497 | PA      | $5446754.62   | 0.40%             | 2063-09-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| MASTR Asset Backed Securities Trust                       | Mastr Asset Backed Securities Trust 2006-HE5                                                                                     | CUSIP: 576455AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1472627 | PA      | $866518.08    | 0.06%             | 2036-11-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                    | Diamondback Energy Inc                                                                                                           | CUSIP: 25278XBC2<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $1026596.28   | 0.08%             | 2035-04-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CA ELEC REVENUE                                 | City of Riverside CA Electric Revenue                                                                                            | CUSIP: 768874SG5<br>LEI: 549300FG48YQF1N4C302 | Long             | DBT              | MUN               | US        |      200000 | PA      | $239954.60    | 0.02%             | 2040-10-01      | Fixed         | 7.61%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                    | Pacific Gas and Electric Co                                                                                                      | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      500000 | PA      | $496526.93    | 0.04%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED CNH / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | CN        |           1 | NC      | $-2905.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Ace Securities Corp.                                      | ACE Securities Corp Home Equity Loan Trust Series 2006-FM1                                                                       | CUSIP: 00441VAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     6809349 | PA      | $1647077.43   | 0.12%             | 2036-07-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDI                                          | Ford Motor Credit Co LLC                                                                                                         | CUSIP: 345397B69<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     2900000 | PA      | $2637566.94   | 0.19%             | 2031-06-17      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                         | EURO-SCHATZ FUT DEC25                                                                                                            | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         405 | NC      | $-47996.01    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                  | Saudi Government International Bond                                                                                              | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     2850000 | PA      | $3378385.45   | 0.25%             | 2032-03-05      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| STREAM INNOVATIONS ISSUER TRUST                           | Stream Innovations 2024-1 Issuer Trust                                                                                           | CUSIP: 86324CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      334017 | PA      | $347596.38    | 0.03%             | 2044-07-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                         | Ghana Government International Bond                                                                                              | CUSIP: 374422AL7<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |       92800 | PA      | $89551.66     | 0.01%             | 2026-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                 | CIM Trust 2024-R1                                                                                                                | CUSIP: 17179VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      818661 | PA      | $813048.61    | 0.06%             | 2064-06-25      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED KZT / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | KZ        |           1 | NC      | $116.15       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RAAC Series                                               | RAAC Series 2007-RP4 Trust                                                                                                       | CUSIP: 74919LAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      125815 | PA      | $116660.66    | 0.01%             | 2046-11-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                    | US 10YR ULTRA FUT DEC25                                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         396 | NC      | $431542.23    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                  | Venture Global Calcasieu Pass LLC                                                                                                | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     1600000 | PA      | $1441639.76   | 0.11%             | 2033-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SPIRIT AIR 2015-1 PTT A                                   | Spirit Airlines Pass Through Trust 2015-1A                                                                                       | CUSIP: 84858DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1325174 | PA      | $1257302.36   | 0.09%             | 2028-04-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| BANCA MONTE DEI PASCHI S                                  | Banca Monte dei Paschi di Siena SpA                                                                                              | CUSIP: 000000000<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | DBT              | CORP              | IT        |      300000 | PA      | $351429.78    | 0.03%             | 2026-01-09      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certificates                     | CWABS Asset-Backed Certificates Trust 2006-5                                                                                     | CUSIP: 126670YJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1023137 | PA      | $1007064.24   | 0.07%             | 2036-08-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                  | Builders FirstSource Inc                                                                                                         | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     1500000 | PA      | $1410655.82   | 0.10%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GSR Mortgage Loan Trust                                   | GSR Mortgage Loan Trust 2006-AR1                                                                                                 | CUSIP: 3623414A4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | ABS-MBS          | CORP              | US        |         674 | PA      | $635.63       | 0.00%             | 2036-01-25      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD                                      | Woodside Finance Ltd                                                                                                             | CUSIP: 980236AR4<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |     2100000 | PA      | $2083953.27   | 0.15%             | 2034-09-12      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Securities, Inc.                            | DEUTSCHE BANK REPO                                                                                                               | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Long             | RA               | CORP              | US        |    73900000 | PA      | $73900000.00  | 5.43%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                    | U.S. Treasury Bonds                                                                                                              | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    15100000 | PA      | $14989699.18  | 1.10%             | 2044-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SANTOS FINANCE LTD                                        | Santos Finance Ltd                                                                                                               | CUSIP: 803014AA7<br>LEI: 213800BKUBSWG53XNS94 | Long             | DBT              | CORP              | AU        |      700000 | PA      | $653415.77    | 0.05%             | 2031-04-29      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                   | HCA Inc                                                                                                                          | CUSIP: 404119CP2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     1750000 | PA      | $1792251.28   | 0.13%             | 2028-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0MWQ7 CDS USD R F  1.00000 1 CCPCDX / Short: SWPC0MWQ7 CDS USD P V 03MEVENT 2 CCPCDX                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      200000 | OU      | $4566.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                  | Long: SWPC0MAX6 CDS USD R F  1.00000 FIX SOVEREIGN / Short: SWPC0MAX6 CDS USD P V 03MEVENT FLO SOVEREIGN                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              |  | US        |     3000000 | OU      | $-75388.77    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| VMWARE LLC                                                | VMware LLC                                                                                                                       | CUSIP: 928563AE5<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |      475000 | PA      | $475194.50    | 0.03%             | 2027-05-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | Long: SWPC0K1X0 CDS USD R F  1.00000 FIX SOVEREIGN / Short: SWPC0K1X0 CDS USD P V 03MEVENT FLO SOVEREIGN                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              |  | GB        |     5700000 | OU      | $32879.99     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO                                  | Medline Borrower LP/Medline Co-Issuer Inc                                                                                        | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2000000 | PA      | $2050809.32   | 0.15%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                    | U.S. Treasury Bills                                                                                                              | CUSIP: 912797QY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |     1006000 | PA      | $998361.38    | 0.07%             | 2025-12-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                      | Bank of America Corp                                                                                                             | CUSIP: 06051GLH0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     1900000 | PA      | $1965777.34   | 0.14%             | 2034-04-25      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| NuStar Logistics LP                                       | NuStar Logistics LP                                                                                                              | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1408591.10   | 0.10%             | 2027-04-28      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                        | VICI Properties LP                                                                                                               | CUSIP: 925650AF0<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |     2600000 | PA      | $2699913.01   | 0.20%             | 2034-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                       | Exeter Automobile Receivables Trust 2025-2                                                                                       | CUSIP: 30168JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3500000 | PA      | $3542828.10   | 0.26%             | 2031-07-15      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORG                                          | Organon & Co / Organon Foreign Debt Co-Issuer BV                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1486339.76   | 0.11%             | 2028-04-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Corporation                       | Banc of America Funding 2007-6 Trust                                                                                             | CUSIP: 059526AB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | ABS-MBS          | CORP              | US        |       30638 | PA      | $29424.38     | 0.00%             | 2037-07-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                   | HCA Inc                                                                                                                          | CUSIP: 404119CL1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      300000 | PA      | $247724.75    | 0.02%             | 2052-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                    | PURCHASED EGP / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | EG        |           1 | NC      | $4563.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mortgage Securities            | Credit Suisse First Boston Mortgage Securities Corp                                                                              | CUSIP: 22540A7A0<br>LEI: 549300506SI9CRFV9Z86 | Long             | ABS-MBS          | CORP              | US        |        1364 | PA      | $1339.57      | 0.00%             | 2032-01-25      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                  | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                                                                             | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      800000 | PA      | $801233.60    | 0.06%             | 2029-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                               | Ivory Coast Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      800000 | PA      | $802426.89    | 0.06%             | 2048-03-22      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| VALARIS LTD                                               | Valaris Ltd                                                                                                                      | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     1000000 | PA      | $1037844.27   | 0.08%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD LP                                      | Cantor Fitzgerald LP                                                                                                             | CUSIP: 138616AM9<br>LEI: 549300RLUEEVQEMX0450 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1282077.26   | 0.09%             | 2028-12-12      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                   | Romanian Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     2500000 | PA      | $3081713.22   | 0.23%             | 2033-09-18      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED EUR / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | XX        |           1 | NC      | $2606.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                  | Kaisa Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      152176 | PA      | $2853.30      | 0.00%             | 2031-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                            | CPS Auto Receivables Trust 2024-D                                                                                                | CUSIP: 22411JAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $1001558.90   | 0.07%             | 2031-01-15      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                           | Sands China Ltd                                                                                                                  | CUSIP: 80007RAK1<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |     1700000 | PA      | $1695547.70   | 0.12%             | 2026-01-08      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER PARTNERS                                  | Energy Transfer LP                                                                                                               | CUSIP: 29273RAJ8<br>LEI: 5493008K8W3OKZE54J59 | Long             | DBT              | CORP              | US        |     1700000 | PA      | $1975452.16   | 0.15%             | 2038-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                            | NRG Energy Inc                                                                                                                   | CUSIP: 629377DB5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1304421.30   | 0.10%             | 2035-10-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE INC                               | GLOBAL MEDICAL RESPONSE INC 2025 TERM LOAN B                                                                                     | CUSIP: 37956SAB0<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | LON              | CORP              | US        |      400000 | PA      | $400020.00    | 0.03%             | 2032-10-01      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                           | Star Parent Inc                                                                                                                  | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1374350.90   | 0.10%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                         | Citigroup Mortgage Loan Trust 2007-FS1                                                                                           | CUSIP: 17313EAB1<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-O            | CORP              | US        |     6042955 | PA      | $5532724.93   | 0.41%             | 2037-10-25      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                        | Chase Home Lending Mortgage Trust Series 2024-RPL3                                                                               | CUSIP: 161917AB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1271816 | PA      | $1140510.53   | 0.08%             | 2064-09-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECH                                 | SEAGATE DATA STORAGE TECH                                                                                                        | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |      920000 | PA      | $1042061.00   | 0.08%             | 2032-12-01      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                     | Sri Lanka Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      535080 | PA      | $391153.79    | 0.03%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN US INC                                     | Stellantis Finance US Inc                                                                                                        | CUSIP: 85855CAK6<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |      800000 | PA      | $813723.57    | 0.06%             | 2030-03-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FUNDING LLC                                    | NXP BV / NXP Funding LLC                                                                                                         | CUSIP: 62947QBB3<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | XX        |     1600000 | PA      | $1602709.28   | 0.12%             | 2026-03-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Estate Notes                    | Greystone CRE Notes 2025-FL4 LLC                                                                                                 | CUSIP: 39810MAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2300000 | PA      | $2304583.28   | 0.17%             | 2043-01-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                  | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                                                                      | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     1560000 | PA      | $1421361.24   | 0.10%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                         | EURO-BUXL 30Y BND DEC25                                                                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |          24 | NC      | $73234.27     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NGPL PipeCo LLC                                           | NGPL PipeCo LLC                                                                                                                  | CUSIP: 62912XAC8<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |     2500000 | PA      | $2884734.33   | 0.21%             | 2037-12-15      | Fixed         | 7.77%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                  | Kaisa Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |       91306 | PA      | $1940.25      | 0.00%             | 2028-12-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                        | Ally Financial Inc                                                                                                               | CUSIP: 02005NBU3<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $1057842.55   | 0.08%             | 2030-01-03      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| NIDDA HEALTHCARE HOLDING                                  | Nidda Healthcare Holding GmbH                                                                                                    | CUSIP: 000000000<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |     1300000 | PA      | $1568406.84   | 0.12%             | 2030-02-21      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                                  | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                                                                        | CUSIP: 71568PAN9<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |     1500000 | PA      | $1403643.30   | 0.10%             | 2030-06-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Soundview Home Equity Loan Trust                          | Soundview Home Loan Trust 2006-OPT2                                                                                              | CUSIP: 83611MML9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       54875 | PA      | $53820.41     | 0.00%             | 2036-05-25      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certificates                     | CWABS Asset-Backed Certificates Trust 2006-25                                                                                    | CUSIP: 12668HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      283840 | PA      | $267455.37    | 0.02%             | 2037-06-25      | Floating      | 4.55%                 | 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        |       45920 | PA      | $40366.37     | 0.00%             | 2047-06-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                            | Pagaya AI Debt Trust 2024-3                                                                                                      | CUSIP: 69547XAA0<br>LEI: 254900ULYEY0HX0PKA54 | Long             | ABS-O            | CORP              | US        |     1249882 | PA      | $1257293.93   | 0.09%             | 2031-10-15      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                      | Colombian TES                                                                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  2379000000 | PA      | $606956.11    | 0.04%             | 2035-01-24      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| EUROPEAN UNION                                            | European Union                                                                                                                   | CUSIP: 000000000<br>LEI: 529900FZRK8FGMPEOM08 | Long             | DBT              | NUSS              | XX        |    13100000 | PA      | $15334846.29  | 1.13%             | 2034-12-04      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ace Securities Corp.                                      | ACE Securities Corp Home Equity Loan Trust Series 2004-RM2                                                                       | CUSIP: 004421JX2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       28545 | PA      | $27457.15     | 0.00%             | 2035-01-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| TGS ASA                                                   | TGS ASA                                                                                                                          | CUSIP: 87243KAA7<br>LEI: 549300NUPLAXPB0WYH90 | Long             | DBT              | CORP              | NO        |     1000000 | PA      | $1027228.06   | 0.08%             | 2030-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                                                                        | CUSIP: 71568QAF4<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |     3300000 | PA      | $3360604.50   | 0.25%             | 2048-05-21      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| BLUE OWL FINANCE LLC                                      | Blue Owl Finance LLC                                                                                                             | CUSIP: 09581JAT3<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1258468.33   | 0.09%             | 2034-04-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2024-D                                                                                          | CUSIP: 83207QAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1971886 | PA      | $2022736.39   | 0.15%             | 2053-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED USD / SOLD TWD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |           1 | NC      | $1857.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                       | Exeter Automobile Receivables Trust 2024-1                                                                                       | CUSIP: 30167PAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      425409 | PA      | $426793.36    | 0.03%             | 2028-08-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                  | Marsh & McLennan Cos Inc                                                                                                         | CUSIP: 571748BL5<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |      100000 | PA      | $115860.41    | 0.01%             | 2026-09-21      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                            | Pagaya AI Debt Grantor Trust 2024-10                                                                                             | CUSIP: 69544MAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      369801 | PA      | $372443.32    | 0.03%             | 2032-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Inc                                | Morgan Stanley ABS Capital I Inc Trust 2006-HE8                                                                                  | CUSIP: 61750SAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | ABS-MBS          | CORP              | US        |       49362 | PA      | $21546.08     | 0.00%             | 2036-10-25      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                  | Republic of South Africa Government Bond                                                                                         | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   110400000 | PA      | $6270315.16   | 0.46%             | 2035-02-28      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                                          | Wand NewCo 3 Inc 2025 Repriced Term Loan B                                                                                       | CUSIP: 93369PAM6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | LON              | CORP              | US        |      324825 | PA      | $323545.42    | 0.02%             | 2031-01-30      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                  | Saudi Government International Bond                                                                                              | CUSIP: 80413TBH1<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |      700000 | PA      | $703415.43    | 0.05%             | 2054-01-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                           | Nissan Motor Co Ltd                                                                                                              | CUSIP: 654744AC5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |     3500000 | PA      | $3433154.45   | 0.25%             | 2027-09-17      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Foursight Capital Automobile Receivables Trust            | Foursight Capital Automobile Receivables Trust 2024-1                                                                            | CUSIP: 35105AAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $1011121.30   | 0.07%             | 2029-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Structured Asset Mortgage Investments Inc                 | Structured Asset Mortgage Investments II Trust 2006-AR6                                                                          | CUSIP: 86360UAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      109761 | PA      | $95050.05     | 0.01%             | 2046-07-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Suntrust Alternative Loan Trust                           | Suntrust Alternative Loan Trust Series 2005-1F                                                                                   | CUSIP: 86789MAA5<br>LEI: 7E1PDLW1JL6TS0BS1G03 | Long             | ABS-MBS          | CORP              | US        |        3522 | PA      | $3056.26      | 0.00%             | 2035-12-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: BWU02GS91 IRS EUR R V 06MEURIB SWUV2GS93 CCPVANILLA / Short: BWU02GS91 IRS EUR P F  2.51000 SWU02GS91 CCPVANILLA           | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1000000 | OU      | $14676.92     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Venezuela Government International Bonds                  | Venezuela Government International Bonds                                                                                         | CUSIP: P97475AJ9<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     3104000 | PA      | $675430.40    | 0.05%             | 2038-03-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oak Hill European Credit Partners PLC                     | OAK Hill European Credit Partners VII DAC                                                                                        | CUSIP: 000000000<br>LEI: 5493002IYTC83ODTTK84 | Long             | ABS-CBDO         | CORP              | IE        |      427389 | PA      | $501569.66    | 0.04%             | 2031-10-20      | Floating      | 2.76%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                 | Uniform Mortgage-Backed Security, TBA                                                                                            | CUSIP: 01F0506B7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    40200000 | PA      | $39842633.26  | 2.93%             | 2055-11-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                    | CHL Mortgage Pass-Through Trust 2005-HYB8                                                                                        | CUSIP: 126694QE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         155 | PA      | $153.97       | 0.00%             | 2035-12-20      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED JPY / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | JP        |           1 | NC      | $18780.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | REVERSE REPO BARCLAYS                                                                                                            | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |     -888037 | PA      | $-888036.59   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                    | Pacific Gas and Electric Co                                                                                                      | CUSIP: 694308JH1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     2700000 | PA      | $2045663.99   | 0.15%             | 2040-08-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD GBP                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-6626.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                                   | Kinder Morgan Energy Partners LP                                                                                                 | CUSIP: 494550BF2<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |     2382000 | PA      | $2585842.84   | 0.19%             | 2040-09-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD BRL                                                                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $-388.86      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0KBE1 CDS USD R F  1.00000 1 CCPCORPORATE / Short: SWPC0KBE1 CDS USD P V 03MEVENT 2 CCPCORPORATE                       | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      400000 | OU      | $4436.42      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                        | Chase Home Lending Mortgage Trust Series 2024-RPL1                                                                               | CUSIP: 16159MAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1231056 | PA      | $1105063.40   | 0.08%             | 2064-03-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: SWU02L1F5 IRS CAD R F  2.50000 SWU02L1F5 CCPOIS / Short: SWU02L1F5 IRS CAD P V 06MCORRA SWUV2L1F7 CCPOIS                   | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     3900000 | OU      | $-5217.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IQVIA INC                                                 | IQVIA Inc                                                                                                                        | CUSIP: 46266TAC2<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     1700000 | PA      | $1753890.00   | 0.13%             | 2028-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                        | Serbia International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |     4400000 | PA      | $4795643.30   | 0.35%             | 2029-06-26      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                         | HSBC Holdings PLC                                                                                                                | CUSIP: 404280CC1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     1450000 | PA      | $1428047.94   | 0.10%             | 2030-05-22      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                     | Athene Global Funding                                                                                                            | CUSIP: 04685A3R0<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |     1500000 | PA      | $1520819.25   | 0.11%             | 2027-01-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                   | Hungary Government International Bond                                                                                            | CUSIP: 445545AU0<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     1400000 | PA      | $1410350.21   | 0.10%             | 2036-03-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bain Capital Euro CLO                                     | Bain Capital Euro Clo 2018-2 DAC                                                                                                 | CUSIP: 000000000<br>LEI: 635400CJJQJHYAMATG34 | Long             | ABS-CBDO         | CORP              | IE        |      128770 | PA      | $151187.53    | 0.01%             | 2032-01-20      | Floating      | 2.76%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                                  | Banco Bilbao Vizcaya Argentaria SA                                                                                               | CUSIP: 05946KAL5<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |      900000 | PA      | $930652.64    | 0.07%             | 2028-09-14      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                          | DT Midstream Inc                                                                                                                 | CUSIP: 23345MAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1443386.43   | 0.11%             | 2034-12-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                 | Uniform Mortgage-Backed Security, TBA                                                                                            | CUSIP: 01F0426A6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    12000000 | PA      | $11638294.20  | 0.86%             | 2055-10-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2023-NQM1                                                                                    | CUSIP: 64831HAM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2540825 | PA      | $2576278.53   | 0.19%             | 2063-10-25      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                  | Virgin Media Secured Finance PLC                                                                                                 | CUSIP: 000000000<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |     1200000 | PA      | $1473156.94   | 0.11%             | 2030-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| MITCHELLS & BUTLERS FINA                                  | Mitchells & Butlers Finance PLC                                                                                                  | CUSIP: 000000000<br>LEI: 213800E7QA1U8BF34219 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $269449.63    | 0.02%             | 2030-09-15      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                        | Expand Energy Corp                                                                                                               | CUSIP: 845467AT6<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     2900000 | PA      | $2850047.15   | 0.21%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALROSA Finance SA                                         | ALROSA Finance SA                                                                                                                | CUSIP: 02109TAD4<br>LEI: 254900MMZQESKBV0DI36 | Long             | DBT              | CORP              | LU        |      500000 | PA      | $25000.00     | 0.00%             | 2024-04-09      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| HCA INC                                                   | HCA Inc                                                                                                                          | CUSIP: 404119CT4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1247375.36   | 0.09%             | 2031-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                    | Pacific Gas and Electric Co                                                                                                      | CUSIP: 694308JG3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      100000 | PA      | $89090.21     | 0.01%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                  | Warnermedia Holdings Inc                                                                                                         | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |      800000 | PA      | $733000.00    | 0.05%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                     | Venture Global Plaquemines LNG LLC                                                                                               | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |      500000 | PA      | $531088.50    | 0.04%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD EUR                                                                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $-582799.11   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                       | Sirius XM Radio LLC                                                                                                              | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |      400000 | PA      | $386509.73    | 0.03%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEWMARK GROUP INC                                         | Newmark Group Inc                                                                                                                | CUSIP: 65158NAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1287223.20   | 0.09%             | 2029-01-12      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: BWU02G0N0 IRS USD R V 12MSOFR SWUV2G0N2 CCPOIS / Short: BWU02G0N0 IRS USD P F  3.25000 SWU02G0N0 CCPOIS                    | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    14400000 | OU      | $462670.56    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                            | ACHV ABS Trust 2024-3AL                                                                                                          | CUSIP: 00092KAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      211335 | PA      | $213365.85    | 0.02%             | 2031-12-26      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds   | Republic of South Africa Government International Bonds                                                                          | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     2100000 | PA      | $1679348.94   | 0.12%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Dean Witter Capital I Trust                | Morgan Stanley Dean Witter Capital I Inc Trust 2003-NC2                                                                          | CUSIP: 61746WA75<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        8112 | PA      | $8649.15      | 0.00%             | 2033-02-25      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                               | RCKT Mortgage Trust 2024-CES7                                                                                                    | CUSIP: 749414AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      921165 | PA      | $923361.52    | 0.07%             | 2044-10-25      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                     | Venezuela Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |      400000 | PA      | $81040.00     | 0.01%             | 2025-04-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                     | Mexico Government International Bonds                                                                                            | CUSIP: 91087BAG5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     2300000 | PA      | $1770425.00   | 0.13%             | 2050-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TESCO PROPERTY FIN 6 PLC                                  | Tesco Property Finance 6 PLC                                                                                                     | CUSIP: 000000000<br>LEI: 213800FORYFOB97FHO66 | Long             | DBT              | CORP              | GB        |     2396723 | PA      | $3082576.24   | 0.23%             | 2044-07-13      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                       | RVPO BANK OF NOVA SCOTIA                                                                                                         | CUSIP: 000000000<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | RA               | CORP              | CA        |    20000000 | PA      | $14370913.27  | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                        | Ukraine Government International Bond                                                                                            | CUSIP: 903724CF7<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      262560 | PA      | $126685.20    | 0.01%             | 2035-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                     | Mexico Government International Bond                                                                                             | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     1000000 | PA      | $648386.42    | 0.05%             | 2051-10-25      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Asset Backed Funding Certificates                         | ABFC 2007-WMC1 Trust                                                                                                             | CUSIP: 04545EAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     7160829 | PA      | $5095050.21   | 0.37%             | 2037-06-25      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| COTY/HFC PRESTIGE/INT US                                  | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC                                                             | CUSIP: 22207AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2300000 | PA      | $2350045.70   | 0.17%             | 2030-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                  | Electricite de France SA                                                                                                         | CUSIP: 268317BB9<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |     1300000 | PA      | $1284984.35   | 0.09%             | 2064-04-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                     | Freedom Mortgage Holdings LLC                                                                                                    | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |      850000 | PA      | $890927.50    | 0.07%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| QUIDELORTHO CORP                                          | QUIDELORTHO CORP TERM LOAN                                                                                                       | CUSIP: 74840YAH7<br>LEI: 549300YU8CMO9HF53113 | Long             | LON              | CORP              | US        |     1200000 | PA      | $1193004.00   | 0.09%             | 2032-08-20      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                  | Long: SWPC0M3V8 CDS USD R F  1.00000 FIX SOVEREIGN / Short: SWPC0M3V8 CDS USD P V 03MEVENT FLO SOVEREIGN                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              |  | US        |      300000 | OU      | $4190.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                              | CSMC 2021-RPL3 Trust                                                                                                             | CUSIP: 12661GAA7<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |     5469034 | PA      | $4853108.24   | 0.36%             | 2060-01-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Beignet                                                   | Beignet                                                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     4100000 | PA      | $4100000.00   | 0.30%             | 2049-06-01      | Fixed         | 6.85%                 | No            |                  3 | On Loan: No      |
| ONEOK INC                                                 | ONEOK Inc                                                                                                                        | CUSIP: 682680CE1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |      975000 | PA      | $961525.11    | 0.07%             | 2034-11-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                     | Guatemala Government Bond                                                                                                        | CUSIP: 401494AW9<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     1700000 | PA      | $1796387.18   | 0.13%             | 2036-06-13      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                          | RALI Series 2006-QA7 Trust                                                                                                       | CUSIP: 751152AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        3043 | PA      | $3077.75      | 0.00%             | 2036-08-25      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD NOK                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-0.01        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MUNDYS SPA                                                | Mundys SpA                                                                                                                       | CUSIP: 000000000<br>LEI: 8156008DEC771409C487 | Long             | DBT              | CORP              | IT        |     4800000 | PA      | $5500371.25   | 0.40%             | 2028-02-12      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED USD / SOLD KWD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |           1 | NC      | $72155.66     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED IDR / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | ID        |           1 | NC      | $-959.82      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                      | BlueMountain CLO 2016-3 Ltd                                                                                                      | CUSIP: 09628VAW4<br>LEI: 549300EYIDIF4X8MHI21 | Long             | ABS-CBDO         | CORP              | KY        |     1134658 | PA      | $1135299.41   | 0.08%             | 2030-11-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | Petroleos Mexicanos                                                                                                              | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     1700000 | PA      | $1350066.05   | 0.10%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                            | Pagaya Ai Debt Grantor Trust 2025-6                                                                                              | CUSIP: 69549BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4500000 | PA      | $4496619.15   | 0.33%             | 2033-04-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Trust                          | IndyMac INDX Mortgage Loan Trust 2005-AR12                                                                                       | CUSIP: 45660LMG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         887 | PA      | $821.09       | 0.00%             | 2035-07-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Soundview Home Equity Loan Trust                          | Soundview Home Loan Trust 2006-2                                                                                                 | CUSIP: 83611MNJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       14332 | PA      | $14323.44     | 0.00%             | 2036-03-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| SASOL Financing USA LLC                                   | Sasol Financing USA LLC                                                                                                          | CUSIP: 80386WAB1<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $1986530.20   | 0.15%             | 2028-09-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED NOK / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | NO        |           1 | NC      | $75.54        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                  | Hilton Domestic Operating Co Inc                                                                                                 | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     2900000 | PA      | $2653805.37   | 0.20%             | 2032-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                     | Wells Fargo & Co                                                                                                                 | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     1500000 | PA      | $1554527.81   | 0.11%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| CIMA FINANCE LTD                                          | CIMA Finance DAC                                                                                                                 | CUSIP: 000000000<br>LEI: 213800AALTMFR1SJLJ51 | Long             | DBT              | CORP              | IE        |      759834 | PA      | $707572.41    | 0.05%             | 2029-09-05      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds                    | Ecuador Government International Bonds                                                                                           | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     2961000 | PA      | $2206687.62   | 0.16%             | 2035-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| SES S A                                                   | SES S A                                                                                                                          | CUSIP: 000000000<br>LEI: 5493008JPA4HYMH1HX51 | Long             | EC               | CORP              | LU        |        9447 | NS      | $112426.39    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Avolon TLB Borrower 1 (US) LLC                            | Avolon TLB Borrower 1 (US) LLC 2023 Term Loan B6                                                                                 | CUSIP: 05400KAJ9<br>LEI: 635400O84AGITYFZQB55 | Long             | LON              | CORP              | US        |     1149561 | PA      | $1149756.07   | 0.08%             | 2030-06-24      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED NOK / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | NO        |           1 | NC      | $4.20         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                    | PURCHASED KZT / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | KZ        |           1 | NC      | $-1609.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0NF35 CDS USD R F  1.00000 1 CCPCDX / Short: SWPC0NF35 CDS USD P V 03MEVENT 2 CCPCDX                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      400000 | OU      | $-6185.62     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0MWW4 CDS USD R F  1.00000 1 CCPCDX / Short: SWPC0MWW4 CDS USD P V 03MEVENT 2 CCPCDX                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     4500000 | OU      | $-38307.46    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2024-6 LLC                                                                                                                  | CUSIP: 74390PAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      900771 | PA      | $901262.71    | 0.07%             | 2029-11-25      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL SA/LONDO                                  | Banco do Brasil SA/London                                                                                                        | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |    22000000 | PA      | $1206924.07   | 0.09%             | 2026-07-29      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| INT DISTRIBUTION SERV                                     | International Distribution Services PLC                                                                                          | CUSIP: 000000000<br>LEI: 213800TCZZU84G8Z2M70 | Long             | DBT              | CORP              | GB        |     1000000 | PA      | $1439009.78   | 0.11%             | 2030-09-14      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Empresa de Transporte de Pasajeros Metro SA               | Empresa de Transporte de Pasajeros Metro SA                                                                                      | CUSIP: 000000000<br>LEI: 959800T4M5QUPYMSCH69 | Long             | DBT              | CORP              | CL        |     1400000 | PA      | $1215913.44   | 0.09%             | 2050-05-07      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                      | LifePoint Health Inc                                                                                                             | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |      500000 | PA      | $551078.50    | 0.04%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Carrington Mortgage Loan Trust                            | Carrington Mortgage Loan Trust Series 2005-FRE1                                                                                  | CUSIP: 144531EH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     8016000 | PA      | $6671384.14   | 0.49%             | 2035-12-25      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                  | Electricite de France SA                                                                                                         | CUSIP: 28504DAF0<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |     1500000 | PA      | $1557695.07   | 0.11%             | 2035-01-13      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NIAGARA ENERGY SAC                                        | Niagara Energy SAC                                                                                                               | CUSIP: 65345YAA0<br>LEI: 254900V9UGCG42YQ6848 | Long             | DBT              | CORP              | PE        |     1500000 | PA      | $1544528.30   | 0.11%             | 2034-10-03      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED TWD / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | TW        |           1 | NC      | $-654.24      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                                  | Plains All American Pipeline LP / PAA Finance Corp                                                                               | CUSIP: 72650RAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      277000 | PA      | $300743.79    | 0.02%             | 2037-01-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2024-D                                                                                          | CUSIP: 83207QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2314823 | PA      | $2307210.15   | 0.17%             | 2053-07-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| CarMax Select Receivables Trust                           | Carmax Select Receivables Trust 2025-B                                                                                           | CUSIP: 14320BAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2250000 | PA      | $2245322.48   | 0.17%             | 2030-07-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Standard Industries Inc                                   | Standard Industries Inc 2021 Term Loan B                                                                                         | CUSIP: 85350EAB2<br>LEI: 54930064UHXCIUWVI755 | Long             | LON              | CORP              | US        |      385225 | PA      | $385629.49    | 0.03%             | 2028-09-22      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                     | Panama Government International Bonds                                                                                            | CUSIP: 698299AW4<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     1900000 | PA      | $2003645.00   | 0.15%             | 2036-01-26      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| DAE FUNDING LLC                                           | DAE Funding LLC                                                                                                                  | CUSIP: 000000000<br>LEI: 635400SZTPQL3Y1P2C76 | Long             | DBT              | CORP              | US        |      200000 | PA      | $193280.87    | 0.01%             | 2028-03-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED CHF / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | CH        |           1 | NC      | $314.07       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                        | Energy Transfer LP                                                                                                               | CUSIP: 292480AL4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      625000 | PA      | $635314.11    | 0.05%             | 2028-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                    | Verizon Communications Inc                                                                                                       | CUSIP: 92343VGN8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     2725000 | PA      | $2389662.15   | 0.18%             | 2032-03-15      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED BRL / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | BR        |           1 | NC      | $8595.72      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                     | Qnity Electronics Inc                                                                                                            | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |      400000 | PA      | $408474.40    | 0.03%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                              | Drive Auto Receivables Trust 2024-2                                                                                              | CUSIP: 26207AAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3000000 | PA      | $3012145.80   | 0.22%             | 2032-05-17      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                    | U.S. Treasury Bonds                                                                                                              | CUSIP: 912810UA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     4500000 | PA      | $4421250.00   | 0.32%             | 2054-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                       | JPMorgan Chase & Co                                                                                                              | CUSIP: 46647PEK8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $2065750.12   | 0.15%             | 2035-07-22      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                    | Santander Drive Auto Receivables Trust 2025-2                                                                                    | CUSIP: 80287NAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      500000 | PA      | $504723.40    | 0.04%             | 2031-05-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | Morgan Stanley                                                                                                                   | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $2083088.52   | 0.15%             | 2035-01-18      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| NPC UKRENERGO                                             | NPC Ukrenergo                                                                                                                    | CUSIP: 000000000<br>LEI: 8945009LCLS92V4AK321 | Long             | DBT              | CORP              | UA        |      200000 | PA      | $158420.00    | 0.01%             | 2028-11-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                            | Pagaya AI Debt Grantor Trust 2025-5                                                                                              | CUSIP: 69548WAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4500000 | PA      | $4535894.25   | 0.33%             | 2033-03-15      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                         | Ares Capital Corp                                                                                                                | CUSIP: 04010LBB8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1145690.46   | 0.08%             | 2028-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORPORATION                                       | Novelis Corporation 2025 Term Loan B                                                                                             | CUSIP: 67000LAB8<br>LEI: 549300ZJQN1PEAT42X90 | Long             | LON              | CORP              | US        |     1890500 | PA      | $1893279.04   | 0.14%             | 2032-03-11      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| FIRST STUDENT BIDCO INC                                   | First Student Bidco Inc 2025 Term Loan B                                                                                         | CUSIP: 33718FAN0<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |      994924 | PA      | $994923.96    | 0.07%             | 2030-08-15      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| GSR Mortgage Loan Trust                                   | GSR Mortgage Loan Trust 2007-AR1                                                                                                 | CUSIP: 362290AC2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | ABS-MBS          | CORP              | US        |        5849 | PA      | $3225.94      | 0.00%             | 2047-03-25      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0NWZ5 CDS USD R F  5.00000 1 CCPCDX / Short: SWPC0NWZ5 CDS USD P V 03MEVENT 2 CCPCDX                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     9100000 | OU      | $702806.83    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaseya Inc                                                | Kaseya Inc 2025 1st Lien Term Loan B                                                                                             | CUSIP: 48578AAB4<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |      995000 | PA      | $995905.45    | 0.07%             | 2032-03-20      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                                  | Petroleos de Venezuela SA                                                                                                        | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     6500000 | PA      | $1043250.00   | 0.08%             | 2027-04-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALROSA FINANCE SA                                         | ALROSA Finance SA                                                                                                                | CUSIP: 02109TAE2<br>LEI: 254900MMZQESKBV0DI36 | Long             | DBT              | CORP              | LU        |     8500000 | PA      | $425000.00    | 0.03%             | 2027-06-25      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Dominican Republic International Bonds                    | Dominican Republic International Bonds                                                                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     1000000 | PA      | $995200.00    | 0.07%             | 2048-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD CAD                                                                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $3500.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds         | Republic of Poland Government International Bonds                                                                                | CUSIP: 731011AY8<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     2900000 | PA      | $2964331.19   | 0.22%             | 2034-09-18      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust                            | HarborView Mortgage Loan Trust 2005-3                                                                                            | CUSIP: 41161PMG5<br>LEI: 549300SZXFEQICAU3R39 | Long             | ABS-MBS          | CORP              | US        |        5617 | PA      | $5496.76      | 0.00%             | 2035-06-19      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                | goeasy Ltd                                                                                                                       | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     1100000 | PA      | $1148136.00   | 0.08%             | 2028-12-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| NEW IMMO HOLDING SA                                       | New Immo Holding SA                                                                                                              | CUSIP: 000000000<br>LEI: 5493007LOTJ0I8E94R81 | Long             | DBT              | CORP              | FR        |     1200000 | PA      | $1425636.10   | 0.10%             | 2028-12-08      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                             | ZF North America Capital Inc                                                                                                     | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |     1625000 | PA      | $1613936.06   | 0.12%             | 2031-03-24      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: BWU02GCR8 IRS USD R V 12MSOFR SWUV2GCR0 CCPOIS / Short: BWU02GCR8 IRS USD P F  3.93000 SWU02GCR8 CCPOIS                    | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1600000 | OU      | $-38599.52    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HARBOUR ENERGY PLC                                        | HARBOUR ENERGY PLC                                                                                                               | CUSIP: 411618AD3<br>LEI: 213800YPC42DYBKVPF97 | Long             | DBT              | CORP              | GB        |      400000 | PA      | $410766.11    | 0.03%             | 2035-04-01      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                          | Duke Energy Corp                                                                                                                 | CUSIP: 000000000<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |     2100000 | PA      | $2510489.95   | 0.18%             | 2031-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED TRY / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | TR        |           1 | NC      | $157.65       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | Long: SWU021DJ8 IRS CAD R F  2.50000 SWU021DJ8 CCPOIS / Short: SWU021DJ8 IRS CAD P V 06MCORRA SWUV21DJ0 CCPOIS                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     8000000 | OU      | $13674.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MONONGAHELA POWER CO                                      | Monongahela Power Co                                                                                                             | CUSIP: 609935AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      900000 | PA      | $951216.81    | 0.07%             | 2034-02-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                     | Venture Global Plaquemines LNG LLC                                                                                               | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     3200000 | PA      | $3368503.68   | 0.25%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Securities Trust              | Wells Fargo Mortgage Backed Securities 2006-AR5 Trust                                                                            | CUSIP: 94983RAD6<br>LEI: 549300EZH20KSD9JD814 | Long             | ABS-MBS          | CORP              | US        |       15217 | PA      | $15109.35     | 0.00%             | 2036-04-25      | Variable      | 6.68%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0NHL3 CDS USD R F  5.00000 1 CCPCDX / Short: SWPC0NHL3 CDS USD P V 03MEVENT 2 CCPCDX                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    44500000 | OU      | $3554214.56   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                                    | Brazilian Government International Bond                                                                                          | CUSIP: 105756CN8<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     2500000 | PA      | $2528375.00   | 0.19%             | 2056-01-12      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED KRW / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | KR        |           1 | NC      | $-13939.62    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Lebanon Government International Bonds                    | Lebanon Government International Bonds                                                                                           | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     1750000 | PA      | $391300.00    | 0.03%             | 2027-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Logicor Financing Sarl                                    | Logicor Financing Sarl                                                                                                           | CUSIP: 000000000<br>LEI: 254900IS16Q1A2TQFN22 | Long             | DBT              | CORP              | LU        |      600000 | PA      | $707713.27    | 0.05%             | 2028-11-13      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| EL PASO NATURAL GAS                                       | El Paso Natural Gas Co LLC                                                                                                       | CUSIP: 283695BK9<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |      200000 | PA      | $239556.80    | 0.02%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Structured Adjustable Rate Mortgage Loan Trust            | Structured Adjustable Rate Mortgage Loan Trust Series 2005-19XS                                                                  | CUSIP: 863579YR3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       23832 | PA      | $22972.53     | 0.00%             | 2035-10-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                  | Long: SWPC0K9N4 CDS USD R F  1.00000 FIX SOVEREIGN / Short: SWPC0K9N4 CDS USD P V 03MEVENT FLO SOVEREIGN                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              |  | US        |      300000 | OU      | $2565.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED KWD / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | KW        |           1 | NC      | $554.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NORTH MACEDONIA                                           | North Macedonia Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 635400RD1N6RVNCE4958 | Long             | DBT              | NUSS              | MK        |      500000 | PA      | $587267.37    | 0.04%             | 2026-06-03      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds         | Argentina Republic Government International Bonds                                                                                | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     3422164 | PA      | $1793213.94   | 0.13%             | 2035-07-09      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                                | GLS Auto Receivables Issuer Trust 2024-1                                                                                         | CUSIP: 36269HAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1200000 | PA      | $1205361.84   | 0.09%             | 2028-07-17      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                              | ams-OSRAM AG                                                                                                                     | CUSIP: 03217CAB2<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |     1800000 | PA      | $1929747.60   | 0.14%             | 2029-03-30      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                          | Vmed O2 UK Financing I PLC                                                                                                       | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |     1100000 | PA      | $1035370.93   | 0.08%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ellington Loan Acquisition Trust                          | Ellington Loan Acquisition Trust 2007-2                                                                                          | CUSIP: 288547AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      139127 | PA      | $137163.03    | 0.01%             | 2037-05-25      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                  | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                                                        | CUSIP: 00774MAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |      500000 | PA      | $503745.83    | 0.04%             | 2027-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                    | Venture Global LNG Inc                                                                                                           | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $2204050.00   | 0.16%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TIERRA MOJADA LUX II SRL                                  | Tierra Mojada Luxembourg II Sarl                                                                                                 | CUSIP: 000000000<br>LEI: 254900H2U8PBIY32VI94 | Long             | DBT              | CORP              | LU        |     1746345 | PA      | $1719713.29   | 0.13%             | 2040-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Envision Healthcare Corporation                           | Envision Healthcare Corporation 2023 Last Out Term Loan                                                                          | CUSIP: 000000000<br>LEI: 549300OL60X0LPKY8N60 | Long             | LON              | CORP              | US        |     1059850 | PA      | $1091645.24   | 0.08%             | 2028-11-03      | Floating      | 12.23%                | No            |                  2 | On Loan: No      |
| UKG INC                                                   | UKG Inc                                                                                                                          | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |     2800000 | PA      | $2889138.00   | 0.21%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE                                   | Global Medical Response Inc                                                                                                      | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |      900000 | PA      | $926379.00    | 0.07%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                       | Intesa Sanpaolo SpA                                                                                                              | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |     1025000 | PA      | $1243825.41   | 0.09%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | Petroleos Mexicanos                                                                                                              | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     1100000 | PA      | $1275614.84   | 0.09%             | 2027-04-21      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds                    | Ecuador Government International Bonds                                                                                           | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      650000 | PA      | $576251.26    | 0.04%             | 2030-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| ENI SPA                                                   | Eni SpA                                                                                                                          | CUSIP: 26874RAN8<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |     1300000 | PA      | $1337337.92   | 0.10%             | 2034-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certificates                     | CWABS Asset-Backed Certificates Trust 2005-AB4                                                                                   | CUSIP: 126670KN7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       57668 | PA      | $51774.18     | 0.00%             | 2036-03-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                                           | Israel Government International Bond                                                                                             | CUSIP: 46514Y8B6<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |     1700000 | PA      | $1757283.15   | 0.13%             | 2035-02-19      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2005-J11                                                                                                  | CUSIP: 12668AJM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      142557 | PA      | $77614.59     | 0.01%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | Long: SWU02HXE2 IRS BRL R F 13.92550 SWU02HXE2 CCPNDFPREDISWAP / Short: SWU02HXE2 IRS BRL P V 00MBRCDI SWUV2HXE4 CCPNDFPREDISWAP | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     6400000 | OU      | $-4592.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED EUR / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | XX        |           1 | NC      | $-10239.24    | -0.00%            |  |  |  | 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        |      634980 | PA      | $597168.56    | 0.04%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                         | Ghana Government International Bond                                                                                              | CUSIP: 374422AM5<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     1403600 | PA      | $1364739.78   | 0.10%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                       | Southern California Edison Co                                                                                                    | CUSIP: 842400HZ9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     1100000 | PA      | $1093418.72   | 0.08%             | 2034-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                     | Mexico Government International Bond                                                                                             | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     2200000 | PA      | $2630639.76   | 0.19%             | 2038-03-19      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                  | CHS/Community Health Systems Inc                                                                                                 | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     1500000 | PA      | $1536750.00   | 0.11%             | 2034-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| RAK Capital                                               | RAK Capital                                                                                                                      | CUSIP: 000000000<br>LEI: 549300F0KUUDMGB5G459 | Long             | DBT              | NUSS              | KY        |      825000 | PA      | $853683.92    | 0.06%             | 2035-03-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Luminent Mortgage Trust                                   | Luminent Mortgage Trust 2006-6                                                                                                   | CUSIP: 55027YAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      548309 | PA      | $502487.85    | 0.04%             | 2046-10-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| BANCO VOTORANTIM SA/LUX                                   | Banco Votorantim SA/Luxembourg                                                                                                   | CUSIP: 05975C2A0<br>LEI: X2EUTZGMHS8RBQFIUS93 | Long             | DBT              | CORP              | LU        |      675000 | PA      | $686812.50    | 0.05%             | 2028-04-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                      | Colombian TES                                                                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  3963200000 | PA      | $1057441.41   | 0.08%             | 2040-11-28      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                                    | Fairfax Financial Holdings Ltd                                                                                                   | CUSIP: 000000000<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |     1700000 | PA      | $1990084.45   | 0.15%             | 2028-03-29      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED KZT / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | KZ        |           1 | NC      | $-509.61      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                     | QNITY ELECTRONICS INC TERM LOAN B                                                                                                | CUSIP: 74737SAB9<br>LEI: 254900RSUG4J9TFFZX53 | Long             | LON              | CORP              | US        |      700000 | PA      | $699125.00    | 0.05%             | 2032-08-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BARNES GROUP INC                                          | Barnes Group Inc 2025 Term Loan B                                                                                                | CUSIP: 38021CAC2<br>LEI: G1MSYD2DQZX30V5DMX12 | Long             | LON              | CORP              | US        |     1293500 | PA      | $1294198.49   | 0.10%             | 2032-01-27      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| GARTNER INC                                               | Gartner Inc                                                                                                                      | CUSIP: 366651AE7<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1322074.25   | 0.10%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                  | Warnermedia Holdings Inc                                                                                                         | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     1700000 | PA      | $1357144.00   | 0.10%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                      | OneMain Finance Corp                                                                                                             | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $2055742.00   | 0.15%             | 2029-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Envision Healthcare Corporation                           | Envision Healthcare Corporation 2023 First Out Term Loan                                                                         | CUSIP: 000000000<br>LEI: 549300OL60X0LPKY8N60 | Long             | LON              | CORP              | US        |      281436 | PA      | $281436.27    | 0.02%             | 2026-07-20      | Floating      | 12.23%                | No            |                  3 | On Loan: No      |
| NCL CORPORATION LTD                                       | NCL Corp Ltd                                                                                                                     | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |      700000 | PA      | $699973.77    | 0.05%             | 2031-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                    | Clydesdale Acquisition Holdings Inc                                                                                              | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     1700000 | PA      | $1743962.00   | 0.13%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FLEX INTERMEDIATE HOLDCO                                  | Flex Intermediate Holdco LLC                                                                                                     | CUSIP: 33939HAA7<br>LEI: 549300290TQIGM30A243 | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1287734.13   | 0.09%             | 2031-06-30      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                    | Pacific Gas and Electric Co                                                                                                      | CUSIP: 694308GZ4<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      300000 | PA      | $250893.94    | 0.02%             | 2042-04-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2024-NQM2 Trust                                                                                                             | CUSIP: 74448PAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      762951 | PA      | $779861.74    | 0.06%             | 2069-06-25      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                  | Permian Resources Operating LLC                                                                                                  | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |      925000 | PA      | $959352.65    | 0.07%             | 2032-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED EUR / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | XX        |           1 | NC      | $219087.16    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                  | OCP SA                                                                                                                           | CUSIP: 67091TAJ4<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |     1325000 | PA      | $1419467.27   | 0.10%             | 2036-03-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED USD / SOLD NZD                                                                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |           1 | NC      | $-3528.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SPRINT SPECTRUM / SPEC I                                  | Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC                                                  | CUSIP: 85208NAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      650000 | PA      | $652460.15    | 0.05%             | 2028-03-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust 2007-A4                                                                                                 | CUSIP: 46631JAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       24834 | PA      | $19163.16     | 0.00%             | 2037-06-25      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                  | Avolon Holdings Funding Ltd                                                                                                      | CUSIP: 05401AAR2<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |      471000 | PA      | $452844.20    | 0.03%             | 2027-11-18      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0L3F5 CDS USD R F  5.00000 1 CCPCORPORATE / Short: SWPC0L3F5 CDS USD P V 03MEVENT 2 CCPCORPORATE                       | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      400000 | OU      | $4069.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC                      | PRET 2024-NPL8 LLC                                                                                                               | CUSIP: 69392DAA0<br>LEI: 254900IGILCZGVE9SS90 | Long             | ABS-MBS          | CORP              | US        |      841440 | PA      | $842343.47    | 0.06%             | 2054-11-25      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                  | Government National Mortgage Association                                                                                         | CUSIP: 38380L7K3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       31852 | PA      | $31926.96     | 0.00%             | 2070-02-20      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED MXN / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | MX        |           1 | NC      | $186963.94    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                         | Lithia Motors Inc                                                                                                                | CUSIP: 536797AJ2<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |     1100000 | PA      | $1098625.00   | 0.08%             | 2030-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                    | PURCHASED THB / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | TH        |           1 | NC      | $-7.32        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED TRY / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | TR        |           1 | NC      | $157.93       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                          | T-Mobile USA Inc                                                                                                                 | CUSIP: 87264ACW3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $988045.15    | 0.07%             | 2053-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                     | Wells Fargo & Co                                                                                                                 | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     1500000 | PA      | $1534852.35   | 0.11%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                              | Centene Corp                                                                                                                     | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $861414.00    | 0.06%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | Petroleos Mexicanos                                                                                                              | CUSIP: 706451BG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     3700000 | PA      | $3528142.77   | 0.26%             | 2035-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| COTIVITI CORPORATION                                      | Cotiviti Corporation 2024 Term Loan                                                                                              | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |     2856645 | PA      | $2803082.91   | 0.21%             | 2031-05-01      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2006-OA12                                                                                                 | CUSIP: 23243AAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        3129 | PA      | $3225.85      | 0.00%             | 2046-09-20      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                          | Berry Global Inc                                                                                                                 | CUSIP: 08576PAH4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |      100000 | PA      | $99138.50     | 0.01%             | 2026-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                     | Mexico Government International Bonds                                                                                            | CUSIP: 91087BAN0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     5400000 | PA      | $3396330.00   | 0.25%             | 2061-05-24      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                  | Electricite de France SA                                                                                                         | CUSIP: 28504KAA5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |     1500000 | PA      | $1738084.50   | 0.13%             | 2033-03-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2006-OA9                                                                                                  | CUSIP: 02146YAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        4879 | PA      | $4133.45      | 0.00%             | 2046-07-20      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                                    | Oman Government International Bond                                                                                               | CUSIP: 68205LAS2<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |     2300000 | PA      | $2482136.89   | 0.18%             | 2031-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: BWU02FZ79 IRS USD R V 12MSOFR SWUV2FZ71 CCPOIS / Short: BWU02FZ79 IRS USD P F  3.90500 SWU02FZ79 CCPOIS                    | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      800000 | OU      | $-17765.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LIMA METRO LINE 2 FIN LT                                  | Lima Metro Line 2 Finance Ltd                                                                                                    | CUSIP: 532522AA7<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | CORP              | KY        |      233695 | PA      | $241215.88    | 0.02%             | 2034-07-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Nakilat Inc                                               | Nakilat Inc                                                                                                                      | CUSIP: 62983PAB1<br>LEI: 2549006RMTDJWLLWF072 | Long             | DBT              | CORP              | MH        |      372946 | PA      | $394390.40    | 0.03%             | 2033-12-31      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED TRY / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | TR        |           1 | NC      | $576.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                  | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                                                        | CUSIP: 00774MAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |      500000 | PA      | $495521.50    | 0.04%             | 2027-07-21      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2005-76                                                                                                   | CUSIP: 12668BDC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        8083 | PA      | $7696.60      | 0.00%             | 2036-01-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                         | Lebanon Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     1750000 | PA      | $391125.00    | 0.03%             | 2023-01-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Abu Dhabi Government International Bonds                  | Abu Dhabi Government International Bonds                                                                                         | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |      900000 | PA      | $524765.31    | 0.04%             | 2070-09-02      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                      | Las Vegas Sands Corp                                                                                                             | CUSIP: 517834AF4<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |      100000 | PA      | $96733.77     | 0.01%             | 2029-08-08      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED USD / SOLD TWD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |           1 | NC      | $6017.42      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                    | US 5YR NOTE (CBT) DEC25                                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         597 | NC      | $-33221.11    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0LBB5 CDS USD R F  1.00000 1 CCPCDX / Short: SWPC0LBB5 CDS USD P V 03MEVENT 2 CCPCDX                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     4200000 | OU      | $10789.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN MUNI PWR-OHIO INC OHR                            | American Municipal Power Inc                                                                                                     | CUSIP: 02765UEJ9<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |      100000 | PA      | $120170.45    | 0.01%             | 2041-02-15      | Fixed         | 7.83%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED USD / SOLD JPY                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $-11655.31    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                  | Long: SWPC0LOM7 CDS USD R F  1.00000 FIX SOVEREIGN / Short: SWPC0LOM7 CDS USD P V 03MEVENT FLO SOVEREIGN                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              |  | US        |      100000 | OU      | $1336.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                   | Jane Street Group / JSG Finance Inc                                                                                              | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1600000 | PA      | $1621694.67   | 0.12%             | 2032-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CVS Pass-Through Trust                                    | CVS Pass-Through Trust                                                                                                           | CUSIP: 126650BS8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |       45006 | PA      | $47960.30     | 0.00%             | 2032-01-10      | Fixed         | 7.51%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                         | Citigroup Mortgage Loan Trust 2007-10                                                                                            | CUSIP: 17313QAL2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | ABS-MBS          | CORP              | US        |        4744 | PA      | $4383.42      | 0.00%             | 2037-09-25      | Variable      | 4.49%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                                    | GSAA Home Equity Trust 2006-17                                                                                                   | CUSIP: 362257AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       44041 | PA      | $10516.61     | 0.00%             | 2036-11-25      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mortgage Securities            | Credit Suisse First Boston Mortgage Securities Corp                                                                              | CUSIP: 22541NX20<br>LEI: 549300506SI9CRFV9Z86 | Long             | ABS-MBS          | CORP              | US        |         175 | PA      | $180.07       | 0.00%             | 2033-04-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED EGP / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | EG        |           1 | NC      | $4757.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| YINSON BORONIA PRODUCTIO                                  | Yinson Boronia Production BV                                                                                                     | CUSIP: 000000000<br>LEI: 5493007X12FTT746N678 | Long             | DBT              | CORP              | NL        |      588654 | PA      | $654858.51    | 0.05%             | 2042-07-31      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                              | Ecopetrol SA                                                                                                                     | CUSIP: 279158AP4<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |      300000 | PA      | $269077.95    | 0.02%             | 2031-11-02      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                         | Ghana Government International Bond                                                                                              | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     2018400 | PA      | $1698650.36   | 0.12%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                     | Mexico Government International Bonds                                                                                            | CUSIP: 91087BBC3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     3700000 | PA      | $3990450.00   | 0.29%             | 2037-05-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Soundview Home Equity Loan Trust                          | Soundview Home Loan Trust 2006-OPT3                                                                                              | CUSIP: 83611MPK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     6689510 | PA      | $6040512.12   | 0.44%             | 2036-06-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                    | PURCHASED BRL / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | BR        |           1 | NC      | $13124.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                    | CHL Mortgage Pass-Through Trust 2006-9                                                                                           | CUSIP: 126694W20<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       94341 | PA      | $41905.86     | 0.00%             | 2036-05-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                                  | Plains All American Pipeline LP / PAA Finance Corp                                                                               | CUSIP: 72650RBH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1100000 | PA      | $959384.45    | 0.07%             | 2045-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                   | Dell International LLC / EMC Corp                                                                                                | CUSIP: 24703TAJ5<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |      162000 | PA      | $197406.30    | 0.01%             | 2036-07-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                         | EURO-OAT FUTURE DEC25                                                                                                            | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -121 | NC      | $-10151.76    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Lease Electric Vehicle Securitization LLC           | Tesla Lease Electric Vehicle Securitization 2025-A LLC                                                                           | CUSIP: 88162VAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1800000 | PA      | $1801409.76   | 0.13%             | 2028-06-20      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED USD / SOLD SGD                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $56885.71     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: BWU02FNN7 IRS USD R V 12MSOFR SWUV2FNN9 CCPOIS / Short: BWU02FNN7 IRS USD P F  3.90750 SWU02FNN7 CCPOIS                    | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      500000 | OU      | $-11225.05    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DCLI BIDCO LLC                                            | Dcli Bidco LLC                                                                                                                   | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1351703.60   | 0.10%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                                      | Noble Finance II LLC                                                                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2300000 | PA      | $2380635.70   | 0.17%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MASTR Asset Backed Securities                             | Mastr Asset Backed Securities Trust 2006-FRE2                                                                                    | CUSIP: 57643GAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     6771496 | PA      | $6355926.94   | 0.47%             | 2036-03-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED KWD / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | KW        |           1 | NC      | $214.99       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds   | Republic of South Africa Government International Bonds                                                                          | CUSIP: 836205AT1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |      600000 | PA      | $600215.39    | 0.04%             | 2026-04-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                  | Kaisa Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |       60870 | PA      | $1369.58      | 0.00%             | 2026-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC/DELAWA                                  | Kinder Morgan Inc                                                                                                                | CUSIP: 28368EAE6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     1216000 | PA      | $1413951.40   | 0.10%             | 2032-01-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                       | Ashtead Capital Inc                                                                                                              | CUSIP: 045054AS2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $1047774.62   | 0.08%             | 2034-04-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                          | Altice France SA                                                                                                                 | CUSIP: 02156LAA9<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     1400000 | PA      | $1332401.31   | 0.10%             | 2027-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ABERTIS INFRAESTRUCTURAS                                  | Abertis Infraestructuras SA                                                                                                      | CUSIP: 000000000<br>LEI: 549300GKFVWI02JQ5332 | Long             | DBT              | CORP              | ES        |      600000 | PA      | $795554.02    | 0.06%             | 2026-11-27      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| STATE OF MINAS GERAIS                                     | Brazil Minas SPE via State of Minas Gerais                                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |       60000 | PA      | $59812.92     | 0.00%             | 2028-02-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Homebanc Mortgage Trust                                   | HomeBanc Mortgage Trust 2005-1                                                                                                   | CUSIP: 43739EAP2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        2031 | PA      | $1665.30      | 0.00%             | 2035-03-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                  | Charter Communications Operating LLC / Charter Communications Operating Capital                                                  | CUSIP: 161175BK9<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | DBT              | CORP              | US        |     1700000 | PA      | $1692216.72   | 0.12%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | Long: BWU02G125 IRS USD R V 12MSOFR SWUV2G127 CCPOIS / Short: BWU02G125 IRS USD P F  3.25000 SWU02G125 CCPOIS                    | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     7600000 | OU      | $918935.76    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED TWD / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | TW        |           1 | NC      | $-5157.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                    | Marvell Technology Inc                                                                                                           | CUSIP: 573874AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1356211.86   | 0.10%             | 2029-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | Long: SWU02HXN2 IRS BRL R F 13.92710 SWU02HXN2 CCPNDFPREDISWAP / Short: SWU02HXN2 IRS BRL P V 00MBRCDI SWUV2HXN4 CCPNDFPREDISWAP | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    50900000 | OU      | $-36124.30    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                       | Ecuador Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     1065874 | PA      | $794343.45    | 0.06%             | 2035-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| INEOS US FINANCE LLC                                      | Ineos US Finance LLC 2024 USD 1st Lien Term Loan B                                                                               | CUSIP: 000000000<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |      102711 | PA      | $91926.01     | 0.01%             | 2031-02-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                           | Venture XXVIII CLO Ltd                                                                                                           | CUSIP: 92331AAU8<br>LEI: 54930010DKR017G3JK24 | Long             | ABS-CBDO         | CORP              | KY        |       20469 | PA      | $20469.92     | 0.00%             | 2030-07-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                    | Egypt Government International Bond                                                                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     5750000 | PA      | $6470428.05   | 0.48%             | 2031-04-11      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                     | Wells Fargo Commercial Mortgage Trust 2024-5C2                                                                                   | CUSIP: 95003UAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3300000 | PA      | $3412155.12   | 0.25%             | 2057-11-15      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                  | Ford Motor Credit Co LLC                                                                                                         | CUSIP: 345397C68<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |       25000 | PA      | $26759.98     | 0.00%             | 2030-03-06      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: BWU025U43 IRS USD R V 12MSOFR SWUV25U45 CCPOIS / Short: BWU025U43 IRS USD P F  3.50000 SWU025U43 CCPOIS                    | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     3100000 | OU      | $235742.91    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                             | TransDigm Inc                                                                                                                    | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     1700000 | PA      | $1718841.10   | 0.13%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                               | Ivory Coast Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      300000 | PA      | $350106.79    | 0.03%             | 2031-10-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2020-1 A PTT                                   | United Airlines 2020-1 Class A Pass Through Trust                                                                                | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1069454 | PA      | $1099273.11   | 0.08%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                     | Uber Technologies Inc                                                                                                            | CUSIP: 90353TAP5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |     1100000 | PA      | $1102064.70   | 0.08%             | 2034-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                    | U.S. Treasury Bills                                                                                                              | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |      254000 | PA      | $253971.63    | 0.02%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds                   | Pakistan Government International Bonds                                                                                          | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |      700000 | PA      | $684909.20    | 0.05%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Saxon Asset Securities Trust                              | Saxon Asset Securities Trust 2006-1                                                                                              | CUSIP: 80556UAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      102185 | PA      | $100565.38    | 0.01%             | 2036-03-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds         | Argentina Republic Government International Bonds                                                                                | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    14493196 | PA      | $7014706.86   | 0.52%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Foursight Capital Automobile Receivables Trust            | Foursight Capital Automobile Receivables Trust 2024-1                                                                            | CUSIP: 35105AAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      317053 | PA      | $318432.86    | 0.02%             | 2029-01-16      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Ameriquest Mortgage Securities Inc.                       | Ameriquest Mortgage Securities Inc Asset-Backed Pass-Through Ctfs Ser 2004-R5                                                    | CUSIP: 03072SRX5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        1222 | PA      | $1217.98      | 0.00%             | 2034-07-25      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED BRL / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | BR        |           1 | NC      | $3946.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COMISION EJ HI RIO LEMPA                                  | Comision Ejecutiva Hidroelectrica del Rio Lempa                                                                                  | CUSIP: 200444AA5<br>LEI: 254900YU43PQQ27Q0E71 | Long             | DBT              | CORP              | SV        |     1000000 | PA      | $1045400.00   | 0.08%             | 2033-01-24      | Fixed         | 8.65%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                     | Venezuela Government International Bond                                                                                          | CUSIP: P97475AP5<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     2156000 | PA      | $436805.60    | 0.03%             | 2024-10-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                                  | Sabine Pass Liquefaction LLC                                                                                                     | CUSIP: 785592AX4<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |      700000 | PA      | $702441.74    | 0.05%             | 2030-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FINASTRA USA INC                                          | FINASTRA USA INC 2025 1st LIEN TERM LOAN                                                                                         | CUSIP: 31772YAD8<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |     2000000 | PA      | $1990720.00   | 0.15%             | 2032-09-15      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| EFESTO BIDCO SPA/US LLC                                   | Efesto Bidco SpA Efesto US LLC                                                                                                   | CUSIP: 28201XAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | IT        |     1400000 | PA      | $1424640.00   | 0.10%             | 2032-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                  | Ford Motor Credit Co LLC                                                                                                         | CUSIP: 345397D42<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |       25000 | PA      | $26726.98     | 0.00%             | 2030-06-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                     | Venezuela Government International Bond                                                                                          | CUSIP: P17625AA5<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |       32000 | PA      | $6563.20      | 0.00%             | 2023-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                    | Nigeria Government International Bonds                                                                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      600000 | PA      | $554645.99    | 0.04%             | 2038-02-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL                                       | Senegal Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |      600000 | PA      | $461364.96    | 0.03%             | 2037-06-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                                   | Howard Midstream Energy Partners LLC                                                                                             | CUSIP: 442722AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1250000 | PA      | $1274469.23   | 0.09%             | 2034-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                                      | RLJ Lodging Trust LP                                                                                                             | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |      200000 | PA      | $197982.28    | 0.01%             | 2026-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                          | OneMain Financial Issuance Trust 2023-2                                                                                          | CUSIP: 68269HAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2100000 | PA      | $2121366.03   | 0.16%             | 2036-09-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                                   | JetBlue Airways Corp / JetBlue Loyalty LP                                                                                        | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      600000 | PA      | $608563.20    | 0.04%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Corporation                       | Banc of America Funding 2006 J Trust                                                                                             | CUSIP: 05951EAM9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | ABS-MBS          | CORP              | US        |       18661 | PA      | $16156.23     | 0.00%             | 2047-01-20      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust                            | HarborView Mortgage Loan Trust 2005-10                                                                                           | CUSIP: 41161PTN3<br>LEI: 549300SZXFEQICAU3R39 | Long             | ABS-MBS          | CORP              | US        |        2800 | PA      | $1806.95      | 0.00%             | 2035-11-19      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED KRW / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | KR        |           1 | NC      | $-0.23        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certificates                     | Countrywide Asset-Backed Certificates                                                                                            | CUSIP: 23248AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      830616 | PA      | $701586.01    | 0.05%             | 2047-05-25      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                  | Kaisa Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      287089 | PA      | $5382.92      | 0.00%             | 2032-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED EGP / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | EG        |           1 | NC      | $4333.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                         | Ghana Government International Bond                                                                                              | CUSIP: 374422AN3<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      279970 | PA      | $239530.32    | 0.02%             | 2030-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                     | Venezuela Government International Bond                                                                                          | CUSIP: 922646BL7<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     1400000 | PA      | $378140.00    | 0.03%             | 2034-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                    | Marriott International Inc/MD                                                                                                    | CUSIP: 571903BU6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1430714.35   | 0.11%             | 2037-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                  | AT&T Inc                                                                                                                         | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |      237000 | PA      | $163933.60    | 0.01%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                  | Occidental Petroleum Corp                                                                                                        | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $1014698.00   | 0.07%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOW                                  | Bank Gospodarstwa Krajowego                                                                                                      | CUSIP: 06237MAC7<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |     2200000 | PA      | $2316838.77   | 0.17%             | 2034-07-09      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED JPY / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | JP        |           1 | NC      | $-29266.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SEADRILL FINANCE LTD                                      | Seadrill Finance Ltd                                                                                                             | CUSIP: 81172QAA2<br>LEI: 213800WMN3OHFUDHD642 | Long             | DBT              | CORP              | BM        |     1500000 | PA      | $1557396.00   | 0.11%             | 2030-08-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | Petroleos Mexicanos                                                                                                              | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     3000000 | PA      | $3542619.39   | 0.26%             | 2029-02-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Inc                                | Morgan Stanley ABS Capital I Inc Trust 2005-WMC5                                                                                 | CUSIP: 61744CRV0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | ABS-O            | CORP              | US        |       16113 | PA      | $16079.63     | 0.00%             | 2035-06-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition Corp                       | JP Morgan Mortgage Acquisition Trust 2007-CH3                                                                                    | CUSIP: 46630XAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      400000 | PA      | $390805.84    | 0.03%             | 2037-03-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| INTRALOT CAPITAL LUX                                      | Intralot Capital Luxembourg SA                                                                                                   | CUSIP: 000000000<br>LEI: 549300QF747C7UWZYB38 | Long             | DBT              | CORP              | LU        |     1400000 | PA      | $1656060.58   | 0.12%             | 2031-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EMF-NL Bv                                                 | EMF-NL Prime 2008-A BV                                                                                                           | CUSIP: 000000000<br>LEI: 724500YACYYG8XY5LM10 | Long             | ABS-MBS          | CORP              | NL        |       13209 | PA      | $15456.67     | 0.00%             | 2041-04-17      | Floating      | 2.84%                 | No            |                  2 | On Loan: No      |
| LoanCore 2022-CRE7 Issuer Ltd.                            | LoanCore 2022-CRE7 Issuer Ltd                                                                                                    | CUSIP: 53946PAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     2495796 | PA      | $2496517.93   | 0.18%             | 2037-01-17      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                 | Block Inc                                                                                                                        | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     2700000 | PA      | $2794516.20   | 0.21%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                       | Intesa Sanpaolo SpA                                                                                                              | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |      450000 | PA      | $559361.76    | 0.04%             | 2031-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Rio Oil Finance Trust                                     | Rio Oil Finance Trust Series 2014-3                                                                                              | CUSIP: U76673AB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      117555 | PA      | $121367.68    | 0.01%             | 2027-01-06      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                  | Kaisa Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      152176 | PA      | $2853.30      | 0.00%             | 2029-12-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                   | El Salvador Government International Bond                                                                                        | CUSIP: 283875CG5<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     1000000 | PA      | $1080000.00   | 0.08%             | 2054-11-21      | Fixed         | 9.65%                 | No            |                  2 | On Loan: No      |
| Australia Government Bonds                                | Australia Government Bonds                                                                                                       | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |     2400000 | PA      | $1593955.77   | 0.12%             | 2026-04-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                                       | FS KKR Capital Corp                                                                                                              | CUSIP: 302635AK3<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |      900000 | PA      | $834196.34    | 0.06%             | 2028-10-12      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                               | RCKT Mortgage Trust 2024-CES4                                                                                                    | CUSIP: 74939FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1691645 | PA      | $1714123.08   | 0.13%             | 2044-06-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                    | PURCHASED TRY / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | TR        |           1 | NC      | $3744.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: SWU02K0N1 IRS GBP R F  4.00000 SWU02K0N1 CCPOIS / Short: SWU02K0N1 IRS GBP P V 12MSONIA SWUV2K0N3 CCPOIS                   | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     2700000 | OU      | $-44209.49    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                  | Kaisa Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |       76091 | PA      | $1426.71      | 0.00%             | 2027-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED JPY / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | JP        |           1 | NC      | $11644.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                  | Benchmark 2024-V12 Mortgage Trust                                                                                                | CUSIP: 081915AB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2200000 | PA      | $2304781.16   | 0.17%             | 2057-12-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED KRW / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | KR        |           1 | NC      | $-7045.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FU                                  | Ares Strategic Income Fund                                                                                                       | CUSIP: 04020EAJ6<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1446459.76   | 0.11%             | 2032-03-21      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                   | FTAI Aviation Investors LLC                                                                                                      | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |      400000 | PA      | $400063.62    | 0.03%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust               | Bear Stearns ARM Trust 2004-3                                                                                                    | CUSIP: 07384MR20<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         635 | PA      | $614.37       | 0.00%             | 2034-07-25      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| BAY AREA CA TOLL AUTH TOLL BRI                            | Bay Area Toll Authority                                                                                                          | CUSIP: 072024NU2<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |      100000 | PA      | $112988.77    | 0.01%             | 2040-04-01      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| KazMunayGas National Co. JSC                              | KazMunayGas National Co. JSC                                                                                                     | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |      600000 | PA      | $616522.49    | 0.05%             | 2030-04-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust                    | Merrill Lynch Mortgage Investors Trust Series 2006-A3                                                                            | CUSIP: 59023CAK8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | ABS-MBS          | CORP              | US        |        5064 | PA      | $4768.02      | 0.00%             | 2036-05-25      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| Banc of America Merrill Lynch Large Loan Inc              | BAMLL Commercial Mortgage Securities Trust 2020-BOC                                                                              | CUSIP: 05551JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2350000 | PA      | $2075676.28   | 0.15%             | 2032-01-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0LPL8 CDS USD R F  1.00000 1 CCPCDX / Short: SWPC0LPL8 CDS USD P V 03MEVENT 2 CCPCDX                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      600000 | OU      | $688.22       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0MJA7 CDS USD R F  1.00000 1 CCPCDX / Short: SWPC0MJA7 CDS USD P V 03MEVENT 2 CCPCDX                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     3200000 | OU      | $-16290.14    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                          | COLT 2024-3 Mortgage Loan Trust                                                                                                  | CUSIP: 19688VAA8<br>LEI: 213800YFAHWZN77V6P52 | Long             | ABS-MBS          | CORP              | US        |      755287 | PA      | $766163.77    | 0.06%             | 2069-06-25      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                          | Vital Energy Inc                                                                                                                 | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |      450000 | PA      | $436831.79    | 0.03%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                      | Edison International                                                                                                             | CUSIP: 281020AN7<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |      600000 | PA      | $607007.54    | 0.04%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                               | Long: SWPC0NE77 CDS USD R F  1.00000 FIX CORPORATE / Short: SWPC0NE77 CDS USD P V 03MEVENT FLO CORPORATE                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              |  | GB        |     3600000 | OU      | $3283.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Trust                          | IndyMac INDX Mortgage Loan Trust 2005-AR14                                                                                       | CUSIP: 45660LRX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        6759 | PA      | $5447.44      | 0.00%             | 2035-07-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | Petroleos Mexicanos                                                                                                              | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     2400000 | PA      | $2324663.04   | 0.17%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                    | Pacific Gas and Electric Co                                                                                                      | CUSIP: 694308HP5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      100000 | PA      | $99309.24     | 0.01%             | 2026-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| AMSURG EQUITY                                             | AMSURG EQUITY                                                                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        9484 | NS      | $428170.99    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                  | Kaisa Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |       60870 | PA      | $1521.75      | 0.00%             | 2027-12-28      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2024-C                                                                                          | CUSIP: 83206EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1168230 | PA      | $1202397.52   | 0.09%             | 2052-06-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DirecTV Financing LLC                                     | DirecTV Financing LLC 2024 Term Loan                                                                                             | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      926750 | PA      | $927426.53    | 0.07%             | 2029-08-02      | Floating      | 9.82%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                      | Egypt Government International Bonds                                                                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      800000 | PA      | $627117.66    | 0.05%             | 2061-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CA PUBLIC WKS                            | Los Angeles County Public Works Financing Authority                                                                              | CUSIP: 54473ENS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      200000 | PA      | $239155.06    | 0.02%             | 2040-08-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                    | Turkiye Government International Bonds                                                                                           | CUSIP: 900123CM0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     4400000 | PA      | $3489879.98   | 0.26%             | 2047-05-11      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                        | Dominican Republic International Bond                                                                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     1700000 | PA      | $1622310.00   | 0.12%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                | Carvana Co                                                                                                                       | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |     1225000 | PA      | $1281615.83   | 0.09%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                         | Post Holdings Inc                                                                                                                | CUSIP: 737446AP9<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     1700000 | PA      | $1693213.94   | 0.12%             | 2029-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                   | Dell International LLC / EMC Corp                                                                                                | CUSIP: 24703TAG1<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |     1800000 | PA      | $1858688.26   | 0.14%             | 2029-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| GSR Mortgage Loan Trust                                   | GSR Mortgage Loan Trust 2005-AR6                                                                                                 | CUSIP: 362341RT8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | ABS-MBS          | CORP              | US        |         127 | PA      | $128.27       | 0.00%             | 2035-09-25      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                               | Ivory Coast Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      400000 | PA      | $438034.13    | 0.03%             | 2040-10-17      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| IndyMac Residential Asset Backed Trust                    | Home Equity Mortgage Loan Asset-Backed Trust Series INABS 2007-B                                                                 | CUSIP: 43710EAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      281405 | PA      | $157490.27    | 0.01%             | 2037-07-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                    | CHL Mortgage Pass-Through Trust 2007-HYB1                                                                                        | CUSIP: 22239EAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        4106 | PA      | $3515.25      | 0.00%             | 2037-03-25      | Variable      | 4.23%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                   | Starwood Property Trust Inc                                                                                                      | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |     1175000 | PA      | $1192858.83   | 0.09%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                          | Vmed O2 UK Financing I PLC                                                                                                       | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      400000 | PA      | $492178.70    | 0.04%             | 2031-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                    | CHL Mortgage Pass-Through Trust 2006-16                                                                                          | CUSIP: 170257AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       13118 | PA      | $3775.78      | 0.00%             | 2036-11-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP                                         | Imola Merger Corp                                                                                                                | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1775000 | PA      | $1726408.67   | 0.13%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                          | SMB Private Education Loan Trust 2024-C                                                                                          | CUSIP: 83206EAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      417225 | PA      | $416720.72    | 0.03%             | 2052-06-17      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                    | Pacific Gas and Electric Co                                                                                                      | CUSIP: 694308JK4<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      100000 | PA      | $98208.90     | 0.01%             | 2028-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                    | Pacific Gas and Electric Co                                                                                                      | CUSIP: 694308HN0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      100000 | PA      | $78447.31     | 0.01%             | 2046-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                                  | Raven Acquisition Holdings LLC                                                                                                   | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2300000 | PA      | $2363636.40   | 0.17%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                       | Exeter Automobile Receivables Trust 2024-1                                                                                       | CUSIP: 30167PAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      500000 | PA      | $506005.20    | 0.04%             | 2030-05-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                       | Synchrony Financial                                                                                                              | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |      475000 | PA      | $484008.77    | 0.04%             | 2031-03-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                              | UBS Group AG                                                                                                                     | CUSIP: 902613BJ6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     1200000 | PA      | $1239826.51   | 0.09%             | 2030-02-08      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| OneMain Direct Auto Receivables Trust                     | OneMain Direct Auto Receivables Trust 2023-1                                                                                     | CUSIP: 682685AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2000000 | PA      | $2017185.60   | 0.15%             | 2029-11-14      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                    | US 10YR NOTE (CBT)DEC25                                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         286 | NC      | $-8253.16     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                  | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                                                                   | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1239873.91   | 0.09%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                       | Ecuador Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     1225800 | PA      | $809028.00    | 0.06%             | 2040-07-31      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2005-79CB                                                                                                 | CUSIP: 12668BAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       96075 | PA      | $52050.48     | 0.00%             | 2036-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                        | RVPO CIBC WORLD MKTS INC                                                                                                         | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | RA               | CORP              | CA        |    20000000 | PA      | $14370913.27  | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Stepstone Group Midco 2 GMBH/ The                         | Stepstone Group Midco 2 GmbH/ The EUR Term Loan B                                                                                | CUSIP: 000000000<br>LEI: 894500DB5T5ENCFFQU61 | Long             | LON              | CORP              | DE        |     1650000 | PA      | $1901558.79   | 0.14%             | 2032-04-26      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF JORDAN                                         | Jordan Government International Bond                                                                                             | CUSIP: 41809JAB1<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |      800000 | PA      | $834546.03    | 0.06%             | 2029-01-13      | Fixed         | 7.50%                 | 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        |     2500000 | PA      | $2303078.25   | 0.17%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                       | JPMorgan Chase & Co                                                                                                              | CUSIP: 46647PEG7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1253383.93   | 0.09%             | 2030-04-22      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                       | American Tower Corp                                                                                                              | CUSIP: 03027XCF5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     2500000 | PA      | $2679644.13   | 0.20%             | 2033-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                  | Kaisa Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      121741 | PA      | $2282.64      | 0.00%             | 2029-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TSTAT 2022-1 Ltd                                          | TSTAT 2022-1 Ltd                                                                                                                 | CUSIP: 872899AY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |      159293 | PA      | $159273.91    | 0.01%             | 2037-07-20      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2007-OA3                                                                                                  | CUSIP: 02150TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       20290 | PA      | $18797.84     | 0.00%             | 2047-04-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                                          | Credit Acceptance Corp                                                                                                           | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      700000 | PA      | $735441.70    | 0.05%             | 2028-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Angola Government International Bonds                     | Angola Government International Bonds                                                                                            | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     2300000 | PA      | $1929848.03   | 0.14%             | 2049-11-26      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Inc                                | Morgan Stanley ABS Capital I Inc Trust 2005-NC1                                                                                  | CUSIP: 61744CML7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | ABS-MBS          | CORP              | US        |      162120 | PA      | $162236.42    | 0.01%             | 2035-01-25      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                          | Deutsche Bank AG/New York NY                                                                                                     | CUSIP: 251526CF4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |     1550000 | PA      | $1453581.57   | 0.11%             | 2032-01-14      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0KSL7 CDS USD R F  1.00000 1 CCPCDX / Short: SWPC0KSL7 CDS USD P V 03MEVENT 2 CCPCDX                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      490000 | OU      | $1669.61      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KILROY REALTY LP                                          | Kilroy Realty LP                                                                                                                 | CUSIP: 49427RAT9<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              |  | US        |      850000 | PA      | $861311.21    | 0.06%             | 2035-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN                                  | Allwyn Entertainment Financing UK PLC                                                                                            | CUSIP: 02007VAA8<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |      809000 | PA      | $839416.16    | 0.06%             | 2029-04-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                      | Cross 2024-H4 Mortgage Trust                                                                                                     | CUSIP: 22758HAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      715468 | PA      | $724607.30    | 0.05%             | 2069-07-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust Series 2024-5                                                                                           | CUSIP: 46658RAP3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1056472 | PA      | $1054368.41   | 0.08%             | 2054-11-25      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                     | Venezuela Government International Bond                                                                                          | CUSIP: P17625AB3<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     1741000 | PA      | $396251.60    | 0.03%             | 2028-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                                  | Mill City Mortgage Loan Trust 2018-1                                                                                             | CUSIP: 59980VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      151653 | PA      | $150495.54    | 0.01%             | 2062-05-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD NOK                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-72.48       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2005-J1                                                                                                   | CUSIP: 12667FU29<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         579 | PA      | $590.28       | 0.00%             | 2032-08-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CERDIA FINANZ GMBH                                        | Cerdia Finanz GmbH                                                                                                               | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |     1300000 | PA      | $1376375.00   | 0.10%             | 2031-10-03      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                          | NTT Finance Corp                                                                                                                 | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |     1200000 | PA      | $1211865.74   | 0.09%             | 2028-07-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                       | Ecuador Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      323958 | PA      | $248937.43    | 0.02%             | 2030-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                  | Saudi Government International Bond                                                                                              | CUSIP: 80413TBG3<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    10000000 | PA      | $10238125.30  | 0.75%             | 2034-01-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                            | Pagaya AI Debt Grantor Trust 2024-10                                                                                             | CUSIP: 69544MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      429069 | PA      | $431417.88    | 0.03%             | 2032-06-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Bacardi Ltd                                               | Bacardi Ltd                                                                                                                      | CUSIP: 067316AF6<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |     1300000 | PA      | $1310710.13   | 0.10%             | 2028-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0K0C7 CDS USD R F  1.00000 1 CCPCORPORATE / Short: SWPC0K0C7 CDS USD P V 03MEVENT 2 CCPCORPORATE                       | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      100000 | OU      | $546.27       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXI SPA                                                  | Nexi SpA                                                                                                                         | CUSIP: 000000000<br>LEI: 5493000P70CQRQG8SN85 | Long             | DBT              | CORP              | IT        |     3525000 | PA      | $3997560.62   | 0.29%             | 2029-04-30      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                    | Santander Drive Auto Receivables Trust 2025-2                                                                                    | CUSIP: 80287NAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3000000 | PA      | $3040217.70   | 0.22%             | 2031-05-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                  | CHS/Community Health Systems Inc                                                                                                 | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |      500000 | PA      | $529548.50    | 0.04%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED ILS / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | IL        |           1 | NC      | $1666.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                     | Sri Lanka Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      743028 | PA      | $661145.78    | 0.05%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED MXN / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | MX        |           1 | NC      | $7816.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MARS INC                                                  | Mars Inc                                                                                                                         | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |      800000 | PA      | $818454.02    | 0.06%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                  | Kaisa Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      182612 | PA      | $2510.92      | 0.00%             | 2030-12-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0JYY5 CDS USD R F  1.00000 FIX CORPORATE / Short: SWPC0JYY5 CDS USD P V 03MEVENT FLO CORPORATE                         | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     3800000 | OU      | $25454.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Government International Bonds                  | Abu Dhabi Government International Bonds                                                                                         | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |     1500000 | PA      | $1229941.01   | 0.09%             | 2050-04-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMER AIRLN 15-1 A PTT                                     | American Airlines 2015-1 Class A Pass Through Trust                                                                              | CUSIP: 023770AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      249760 | PA      | $245642.05    | 0.02%             | 2027-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED JPY / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | JP        |           1 | NC      | $43923.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                             | PRA Group Inc                                                                                                                    | CUSIP: 69354NAE6<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1329651.70   | 0.10%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                                    | Froneri Lux FinCo SARL                                                                                                           | CUSIP: 000000000<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | LU        |     1200000 | PA      | $1421270.53   | 0.10%             | 2032-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                  | Organon & Co / Organon Foreign Debt Co-Issuer BV                                                                                 | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2000000 | PA      | $1932284.84   | 0.14%             | 2028-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                 | Sunoco LP                                                                                                                        | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     1500000 | PA      | $1488934.49   | 0.11%             | 2031-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ARIS WATER HOLDINGS LLC                                   | Aris Water Holdings LLC                                                                                                          | CUSIP: 04041NAA0<br>LEI: 5493007AWQW8ZKCHVV46 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $2111427.12   | 0.16%             | 2030-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                         | PRPM 2023-NQM2 Trust                                                                                                             | CUSIP: 74390KAK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2075232 | PA      | $2089295.52   | 0.15%             | 2068-08-25      | Variable      | 6.25%                 | 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        |     1900000 | PA      | $1992895.28   | 0.15%             | 2031-04-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Certificates                   | WaMu Mortgage Pass-Through Certificates Series 2006-AR2 Trust                                                                    | CUSIP: 92925CDQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       83876 | PA      | $75891.32     | 0.01%             | 2036-03-25      | Variable      | 4.58%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                                       | Turkiye Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     2850000 | PA      | $3548557.67   | 0.26%             | 2030-05-21      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                      | Flutter Treasury DAC                                                                                                             | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |     1100000 | PA      | $1116522.00   | 0.08%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: SWU02K0O9 IRS GBP R F  4.50000 SWU02K0O9 CCPOIS / Short: SWU02K0O9 IRS GBP P V 12MSONIA SWUV2K0O1 CCPOIS                   | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1090000 | OU      | $-32183.11    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | Morgan Stanley                                                                                                                   | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     1800000 | PA      | $1819675.30   | 0.13%             | 2030-10-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                                  | Prime Security Services Borrower LLC / Prime Finance Inc                                                                         | CUSIP: 74166MAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1350000 | PA      | $1312297.74   | 0.10%             | 2027-08-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                     | Venezuela Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     1955000 | PA      | $396083.00    | 0.03%             | 2025-04-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                    | Spirit AeroSystems Inc                                                                                                           | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |      100000 | PA      | $105321.90    | 0.01%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED JPY / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | JP        |           1 | NC      | $-10382.15    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Station Casinos LLC                                       | Station Casinos LLC 2024 Term Loan B                                                                                             | CUSIP: 85769EBB6<br>LEI: 5493004E7Q60TX54WL62 | Long             | LON              | CORP              | US        |     1182000 | PA      | $1181574.48   | 0.09%             | 2031-03-14      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust 2007-A1                                                                                                 | CUSIP: 46630GAX3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        2046 | PA      | $1989.49      | 0.00%             | 2035-07-25      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                       | RVPO BANK OF NOVA SCOTIA                                                                                                         | CUSIP: 000000000<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | RA               | CORP              | CA        |    20000000 | PA      | $14370913.27  | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE                                  | Perrigo Finance Unlimited Co                                                                                                     | CUSIP: 71429MAC9<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |      200000 | PA      | $195192.64    | 0.01%             | 2030-06-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: BWU02D619 IRS USD R V 12MSOFR SWUV2D611 CCPOIS / Short: BWU02D619 IRS USD P F  3.25000 SWU02D619 CCPOIS                    | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    35600000 | OU      | $1083315.12   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED EUR / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | XX        |           1 | NC      | $-4459.18     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Aegis Asset Backed Securities                             | Aegis Asset Backed Securities Trust 2004-6                                                                                       | CUSIP: 00764MDY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       36932 | PA      | $35266.85     | 0.00%             | 2035-03-25      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                  | Celanese US Holdings LLC                                                                                                         | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |      500000 | PA      | $510905.50    | 0.04%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Fortress Intermediate 3, Inc                              | Fortress Intermediate 3 Inc 2025 Term Loan B                                                                                     | CUSIP: 34966LAD6<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | LON              | CORP              | US        |     1389500 | PA      | $1392973.75   | 0.10%             | 2031-06-27      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| QUALITYTECH LP                                            | QualityTech LP Term Loan B                                                                                                       | CUSIP: 74758JAB3<br>LEI: 549300GWD2FYVWRWCZ90 | Long             | LON              | CORP              | US        |     1393000 | PA      | $1393000.00   | 0.10%             | 2031-10-30      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                    | GreenSky Home Improvement Trust 2024-1                                                                                           | CUSIP: 39571MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      185986 | PA      | $186953.85    | 0.01%             | 2059-06-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                                         | American Builders & Contractors Supply Co Inc                                                                                    | CUSIP: 024747AG2<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1328307.96   | 0.10%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                    | Venture Global LNG Inc                                                                                                           | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     2200000 | PA      | $2276483.44   | 0.17%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Toro European CLO                                         | Toro European CLO 7 DAC                                                                                                          | CUSIP: 000000000<br>LEI: 635400B4VLIGNRNR9O61 | Long             | ABS-CBDO         | CORP              | IE        |      233193 | PA      | $273915.20    | 0.02%             | 2034-02-15      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust                            | Long Beach Mortgage Loan Trust 2006-4                                                                                            | CUSIP: 54251MAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1287643 | PA      | $675158.10    | 0.05%             | 2036-05-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                       | New Residential Mortgage Loan Trust 2021-NQM1R                                                                                   | CUSIP: 64828BAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      472938 | PA      | $429061.94    | 0.03%             | 2055-07-25      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                 | Boeing Co/The                                                                                                                    | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     2400000 | PA      | $2462773.37   | 0.18%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SOCAR Turkey Enerji AS                                    | SOCAR Turkey Enerji AS EUR Term Loan                                                                                             | CUSIP: 000000000<br>LEI: 789000J4L7UFTRMDR776 | Long             | LON              | CORP              | TR        |     5800000 | PA      | $6809493.84   | 0.50%             | 2026-08-11      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                                   | American Axle & Manufacturing Inc                                                                                                | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |     1100000 | PA      | $1098142.73   | 0.08%             | 2032-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0MQV3 CDS EUR R F  1.00000 1 CCPCORPORATE / Short: SWPC0MQV3 CDS EUR P V 03MEVENT 2 CCPCORPORATE                       | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     3100000 | OU      | $27217.84     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                     | PennyMac Financial Services Inc                                                                                                  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     1800000 | PA      | $1910334.60   | 0.14%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                            | ACHV ABS TRUST 2024-2PL                                                                                                          | CUSIP: 00092HAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      575793 | PA      | $580951.03    | 0.04%             | 2031-10-27      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                               | Ivory Coast Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      900000 | PA      | $902730.25    | 0.07%             | 2048-03-22      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                     | Quikrete Holdings Inc 2025 Term Loan B                                                                                           | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |     1293500 | PA      | $1292620.42   | 0.09%             | 2032-02-10      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| AIR CANADA 2020-2A PTT                                    | Air Canada 2020-2 Class A Pass Through Trust                                                                                     | CUSIP: 00909DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      472032 | PA      | $482666.04    | 0.04%             | 2029-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                     | Freedom Mortgage Corp                                                                                                            | CUSIP: 35640YAK3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $1060000.00   | 0.08%             | 2028-10-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                              | UBS Group AG                                                                                                                     | CUSIP: 902613BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     1300000 | PA      | $1369562.30   | 0.10%             | 2035-02-08      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD ZAR                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-7789.25     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                       | Oman Government International Bonds                                                                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |     1100000 | PA      | $1207395.87   | 0.09%             | 2048-01-17      | Fixed         | 6.75%                 | 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        |      300000 | PA      | $197912.87    | 0.01%             | 2051-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| MASTR Asset Backed Securities Trust                       | Mastr Asset Backed Securities Trust 2004-OPT1                                                                                    | CUSIP: 57643LCH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      550558 | PA      | $572169.01    | 0.04%             | 2034-02-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Kingdom of Morocco                                        | Morocco Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |      800000 | PA      | $765549.78    | 0.06%             | 2042-12-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                        | Energy Transfer LP                                                                                                               | CUSIP: 29273RAR0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      300000 | PA      | $317747.04    | 0.02%             | 2042-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                  | Univision Communications Inc                                                                                                     | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1278800.40   | 0.09%             | 2032-08-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL FINANCIAL                                   | Fidelity National Financial Inc                                                                                                  | CUSIP: 31620RAJ4<br>LEI: 549300CAZYIH39SYQ287 | Long             | DBT              | CORP              | US        |      200000 | PA      | $189948.67    | 0.01%             | 2030-06-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2025-B                                                                                                 | CUSIP: 64032BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1100000 | PA      | $1107752.03   | 0.08%             | 2055-05-17      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD CHF                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-314.72      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED TRY / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | TR        |           1 | NC      | $2723.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaisa Group Holdings Ltd                                  | Kaisa Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | EC               | CORP              | KY        |     3473633 | NS      | $74543.88     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SNAP INC                                                  | Snap Inc                                                                                                                         | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     2500000 | PA      | $2530328.55   | 0.19%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                    | GreenSky Home Improvement Trust 2024-1                                                                                           | CUSIP: 39571MAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      463019 | PA      | $474346.07    | 0.03%             | 2059-06-25      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOG                            | SEAGATE DATA STOR                                                                                                                | CUSIP: 81180LAN5<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |      650000 | PA      | $601695.65    | 0.04%             | 2031-01-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| THAMES WATER SUPER SEN                                    | Thames Water Super Senior Issuer PLC                                                                                             | CUSIP: 000000000<br>LEI: 635400LBEYCV7F4FC741 | Long             | DBT              | CORP              | GB        |       63493 | PA      | $95154.42     | 0.01%             | 2027-10-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                   | Romanian Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      550000 | PA      | $628179.70    | 0.05%             | 2036-02-22      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                            | ACHV ABS Trust 2024-3AL                                                                                                          | CUSIP: 00092KAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1119298 | PA      | $1129707.20   | 0.08%             | 2031-12-26      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                                         | Chord Energy Corp                                                                                                                | CUSIP: 674215AQ1<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |      800000 | PA      | $794429.82    | 0.06%             | 2030-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                            | CPS Auto Receivables Trust 2025-C                                                                                                | CUSIP: 12634SAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3500000 | PA      | $3507701.75   | 0.26%             | 2031-10-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: BWU02FPX3 IRS USD R V 12MSOFR SWUV2FPX5 CCPOIS / Short: BWU02FPX3 IRS USD P F  3.87400 SWU02FPX3 CCPOIS                    | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      800000 | OU      | $-15816.88    | -0.00%            |  |  |  | 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        |     1000000 | PA      | $1035876.39   | 0.08%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                  | Brandywine Operating Partnership LP                                                                                              | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |       25000 | PA      | $27133.99     | 0.00%             | 2029-04-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                  | Avolon Holdings Funding Ltd                                                                                                      | CUSIP: 05401ABC4<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |      700000 | PA      | $691548.62    | 0.05%             | 2032-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| RENAULT SA                                                | Renault SA                                                                                                                       | CUSIP: 000000000<br>LEI: 969500F7JLTX36OUI695 | Long             | DBT              | CORP              | FR        |     1200000 | PA      | $1403872.17   | 0.10%             | 2026-05-25      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | Petroleos Mexicanos                                                                                                              | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     2900000 | PA      | $2393387.11   | 0.18%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TORO EUROPEAN CLO                                         | Toro European CLO 6 DAC                                                                                                          | CUSIP: 000000000<br>LEI: 635400SBMZDOVHEFNA56 | Long             | ABS-CBDO         | CORP              | IE        |      434099 | PA      | $509986.67    | 0.04%             | 2032-01-12      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0M5X2 CDS USD R F  1.00000 1 CCPCORPORATE / Short: SWPC0M5X2 CDS USD P V 03MEVENT 2 CCPCORPORATE                       | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      600000 | OU      | $5397.89      | 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        |          -6 | NC      | $-3745.36     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| DRILLCO HLDG LUX SA                                       | DRILLCO HLDG LUX SA                                                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |        2686 | NS      | $58196.67     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Oman Government International Bonds                       | Oman Government International Bonds                                                                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |      500000 | PA      | $539739.03    | 0.04%             | 2047-03-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GC TREASURY CENTRE CO                                     | GC Treasury Center Co Ltd                                                                                                        | CUSIP: 36830AAB3<br>LEI: 549300LUFQBC2EQNAR40 | Long             | DBT              | CORP              | TH        |     1100000 | PA      | $1113875.37   | 0.08%             | 2030-09-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ZF FINANCE GMBH                                           | ZF Finance GmbH                                                                                                                  | CUSIP: 000000000<br>LEI: 5493001N9T6QDCCXB426 | Long             | DBT              | CORP              | DE        |     1500000 | PA      | $1724550.22   | 0.13%             | 2027-05-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                               | Ivory Coast Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      100000 | PA      | $109508.53    | 0.01%             | 2040-10-17      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED NOK / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | NO        |           1 | NC      | $-0.03        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                  | Ford Motor Credit Co LLC                                                                                                         | CUSIP: 345397C35<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |       50000 | PA      | $52149.44     | 0.00%             | 2027-11-04      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust             | BHG Securitization Trust 2025-2CON                                                                                               | CUSIP: 05494LAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3500000 | PA      | $3528824.25   | 0.26%             | 2036-09-17      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                   | El Salvador Government International Bond                                                                                        | CUSIP: 283875CE0<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     1325000 | PA      | $1444250.00   | 0.11%             | 2030-04-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| FORESEA HOLDING SA                                        | FORESEA Holding SA                                                                                                               | CUSIP: 000000000<br>LEI: 254900BAD50AKYGIMV79 | Long             | DBT              | CORP              | LU        |      677407 | PA      | $660455.97    | 0.05%             | 2030-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED PLN / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | PL        |           1 | NC      | $-222.79      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                 | Uniform Mortgage-Backed Security, TBA                                                                                            | CUSIP: 01F0606B6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    42000000 | PA      | $42898479.12  | 3.15%             | 2054-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                                  | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp                                                               | CUSIP: 505742AR7<br>LEI: N/A                  | Long             | DBT              |  | US        |     1300000 | PA      | $1362900.12   | 0.10%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust                    | Merrill Lynch Mortgage Investors Trust Series 2007-SD1                                                                           | CUSIP: 590232AA2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | ABS-O            | CORP              | US        |      614719 | PA      | $362622.28    | 0.03%             | 2047-02-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                  | JP Morgan Mortgage Trust 2005-ALT1                                                                                               | CUSIP: 466247XG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        4555 | PA      | $3456.19      | 0.00%             | 2035-10-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| FLEX LTD                                                  | Flex Ltd                                                                                                                         | CUSIP: 33938XAC9<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |      700000 | PA      | $697361.29    | 0.05%             | 2026-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED NGN / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | NG        |           1 | NC      | $13265.65     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds   | Republic of South Africa Government International Bonds                                                                          | CUSIP: 836205BA1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     1200000 | PA      | $1186615.90   | 0.09%             | 2029-09-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE PLC                                           | Rolls-Royce PLC                                                                                                                  | CUSIP: 77578JAC2<br>LEI: X57JK1U580XATGR67572 | Long             | DBT              | CORP              | GB        |     1400000 | PA      | $1438146.29   | 0.11%             | 2027-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                         | Citigroup Mortgage Loan Trust 2007-AHL1                                                                                          | CUSIP: 17311VAF6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | ABS-MBS          | CORP              | US        |       60097 | PA      | $59696.43     | 0.00%             | 2036-12-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| CORESTATE NEW SHARES                                      | CORESTATE NEW SHARES                                                                                                             | CUSIP: 000000000<br>LEI: 529900GNB86RB7HRX793 | Long             | EC               | CORP              | LU        |      421967 | NS      | $0.49         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                     | Wells Fargo Commercial Mortgage Trust 2024-5C2                                                                                   | CUSIP: 95003UAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2600000 | PA      | $2737788.04   | 0.20%             | 2057-11-15      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                     | Sri Lanka Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      404001 | PA      | $377740.94    | 0.03%             | 2030-01-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| Ace Securities Corp.                                      | ACE Securities Corp Home Equity Loan Trust Series 2004-HE4                                                                       | CUSIP: 004421JH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1134341 | PA      | $1031921.86   | 0.08%             | 2034-12-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                                        | Vodafone Group PLC                                                                                                               | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |     1700000 | PA      | $1796127.10   | 0.13%             | 2079-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                       | Exeter Automobile Receivables Trust 2024-5                                                                                       | CUSIP: 30165BAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2100000 | PA      | $2104624.41   | 0.15%             | 2030-01-15      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                                  | Greensaif Pipelines Bidco Sarl                                                                                                   | CUSIP: 39541EAD5<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |     2900000 | PA      | $3040797.61   | 0.22%             | 2036-02-23      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                  | OBX 2024-NQM8 Trust                                                                                                              | CUSIP: 67119CAA8<br>LEI: 254900Y1YRD8JNADSC78 | Long             | ABS-MBS          | CORP              | US        |      684791 | PA      | $694312.31    | 0.05%             | 2064-05-25      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| BRITISH AIR 20-1 A PTT                                    | British Airways 2020-1 Class A Pass Through Trust                                                                                | CUSIP: 11044MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       87098 | PA      | $84891.43     | 0.01%             | 2032-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED USD / SOLD NZD                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $10410.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                               | Wayfair LLC                                                                                                                      | CUSIP: 94419NAB3<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1468243.62   | 0.11%             | 2030-09-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD PLN                                                                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $-1473.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                            | Pagaya AI Debt Grantor Trust 2024-10                                                                                             | CUSIP: 69544MAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      379974 | PA      | $382801.19    | 0.03%             | 2032-06-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                      | Matador Resources Co                                                                                                             | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $2009398.00   | 0.15%             | 2033-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                         | Lebanon Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     1800000 | PA      | $401760.00    | 0.03%             | 2022-10-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                  | Long: SWU02K0G6 IRS AUD R F  4.25000 SWU02K0G6 CCPVANILLA / Short: SWU02K0G6 IRS AUD P V 06MBBSW SWUV2K0G8 CCPVANILLA            | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    10200000 | OU      | $-51355.73    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FLORA FOOD MANAGEMENT BV                                  | Flora Food Management BV                                                                                                         | CUSIP: 000000000<br>LEI: 2549002VGA888UKFKS25 | Long             | DBT              | CORP              | NL        |     1200000 | PA      | $1408388.18   | 0.10%             | 2029-07-02      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                  | Sumitomo Mitsui Financial Group Inc                                                                                              | CUSIP: 86562MDN7<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |     1900000 | PA      | $1990544.77   | 0.15%             | 2031-07-09      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securities Corporation                  | RASC Series 2007-KS3 Trust                                                                                                       | CUSIP: 74924YAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      863406 | PA      | $841743.43    | 0.06%             | 2037-04-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                              | Ecopetrol SA                                                                                                                     | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     1200000 | PA      | $1239339.78   | 0.09%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BOPARAN FINANCE PLC                                       | Boparan Finance PLC                                                                                                              | CUSIP: 000000000<br>LEI: 213800GQSQIOBR3DHN70 | Long             | DBT              | CORP              | GB        |     1200000 | PA      | $1682349.55   | 0.12%             | 2029-11-07      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD CAD                                                                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $5015.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMGEN INC                                                 | Amgen Inc                                                                                                                        | CUSIP: 031162DT4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $997442.23    | 0.07%             | 2053-03-02      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                    | Mizuho Financial Group Inc                                                                                                       | CUSIP: 60687YDG1<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |     1500000 | PA      | $1568695.08   | 0.12%             | 2035-07-10      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Inc                                | Morgan Stanley ABS Capital I Inc Trust 2006-HE7                                                                                  | CUSIP: 61750MAE5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | ABS-MBS          | CORP              | US        |       55089 | PA      | $23583.34     | 0.00%             | 2036-09-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Certificates                   | WaMu Mortgage Pass-Through Certificates Series 2006-AR12 Trust                                                                   | CUSIP: 93363NAM7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        9561 | PA      | $8447.42      | 0.00%             | 2036-10-25      | Variable      | 3.87%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0MND6 CDS EUR R F  5.00000 1 CCPCORPORATE / Short: SWPC0MND6 CDS EUR P V 03MEVENT 2 CCPCORPORATE                       | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     1000000 | OU      | $251579.04    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED KWD / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | KW        |           1 | NC      | $170.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                   | Colombia Government International Bonds                                                                                          | CUSIP: 195325ES0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |      900000 | PA      | $995850.00    | 0.07%             | 2035-04-25      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                      | Cross 2024-H6 Mortgage Trust                                                                                                     | CUSIP: 227919AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2015351 | PA      | $2016226.89   | 0.15%             | 2069-09-25      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Home Equity Loan Trust                     | Morgan Stanley Home Equity Loan Trust 2007-2                                                                                     | CUSIP: 61752UAC9<br>LEI: 549300C5U61AIRK1S645 | Long             | ABS-MBS          | CORP              | US        |     2583694 | PA      | $1334033.68   | 0.10%             | 2037-04-25      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | Long: SWU02D1W6 IRS CZK R F  3.36500 SWU02D1W6 CCPVANILLA / Short: SWU02D1W6 IRS CZK P V 06MPRIBO SWUV2D1W8 CCPVANILLA           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    78900000 | OU      | $-74392.32    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                    | Santander Drive Auto Receivables Trust 2023-5                                                                                    | CUSIP: 80286PAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1600000 | PA      | $1663832.80   | 0.12%             | 2031-02-18      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2023-7                                                                                                | CUSIP: 92539YAA0<br>LEI: 213800W65K5FH3AI2J91 | Long             | ABS-MBS          | CORP              | US        |     1836487 | PA      | $1865310.35   | 0.14%             | 2068-10-25      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD EUR                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-217404.72   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Citicorp Mortgage Securities,                             | Citicorp Mortgage Securities Trust Series 2007-8                                                                                 | CUSIP: 17312DAC2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | ABS-MBS          | CORP              | US        |        1019 | PA      | $1046.56      | 0.00%             | 2037-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | Long: BWU02J4V2 IRS CZK R V 06MPRIBO SWUV2J4V4 CCPVANILLA / Short: BWU02J4V2 IRS CZK P F  3.57500 SWU02J4V2 CCPVANILLA           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    70795000 | OU      | $49672.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HCA INC                                                   | HCA Inc                                                                                                                          | CUSIP: 404119CZ0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1238905.85   | 0.09%             | 2030-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Deutsche Alt-A Securities INC                             | Deutsche Alt-A Securities Inc Mortgage Loan Trust Series 2005-6                                                                  | CUSIP: 251510KH5<br>LEI: 5299003GGM6YEXXXJ012 | Long             | ABS-MBS          | CORP              | US        |      239536 | PA      | $202723.45    | 0.01%             | 2035-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                  | Electricite de France SA                                                                                                         | CUSIP: 28504DAC7<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |      700000 | PA      | $762969.19    | 0.06%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust                            | Long Beach Mortgage Loan Trust 2006-3                                                                                            | CUSIP: 542514UL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      259405 | PA      | $76250.67     | 0.01%             | 2046-05-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                          | RALI Series 2006-QA8 Trust                                                                                                       | CUSIP: 74922QAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        8979 | PA      | $8288.49      | 0.00%             | 2036-09-25      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                    | Santander Drive Auto Receivables Trust 2025-3                                                                                    | CUSIP: 80288JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2600000 | PA      | $2614502.28   | 0.19%             | 2031-09-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                    | U.S. Treasury Bills                                                                                                              | CUSIP: 912797QE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |        8000 | PA      | $7992.78      | 0.00%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF INDUSTRY LIMITED                                  | Bank of Industry Limited 2024 EUR Term Loan B1                                                                                   | CUSIP: 000000000<br>LEI: 5493006N5JD4B34R6G14 | Long             | LON              | CORP              | NG        |     3000000 | PA      | $3494562.97   | 0.26%             | 2027-08-23      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                             | CoreWeave Inc                                                                                                                    | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     2400000 | PA      | $2459709.60   | 0.18%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC                                       | Reach ABS Trust 2024-2                                                                                                           | CUSIP: 75525HAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3500000 | PA      | $3557980.65   | 0.26%             | 2031-07-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                     | Freedom Mortgage Corp                                                                                                            | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |      500000 | PA      | $498914.50    | 0.04%             | 2027-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Certificates                   | WaMu Mortgage Pass-Through Certificates Series 2002-AR19 Trust                                                                   | CUSIP: 929227ZS8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         366 | PA      | $358.82       | 0.00%             | 2033-02-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| RAS LAFFAN LNG 3                                          | Qatarenergy LNG S3                                                                                                               | CUSIP: 75405UAA4<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | CORP              | QA        |      887110 | PA      | $900549.72    | 0.07%             | 2027-09-30      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                           | Sands China Ltd                                                                                                                  | CUSIP: 80007RAS4<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |     1100000 | PA      | $1010785.71   | 0.07%             | 2031-08-08      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                   | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                                                                     | CUSIP: 87470LAD3<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |      775000 | PA      | $771057.34    | 0.06%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MITCHELLS & BUTLERS FINA                                  | Mitchells & Butlers Finance PLC                                                                                                  | CUSIP: 000000000<br>LEI: 213800E7QA1U8BF34219 | Long             | SN               | CORP              | GB        |       96080 | PA      | $91766.47     | 0.01%             | 2030-12-15      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| VFH PARENT / VALOR CO                                     | VFH Parent LLC / Valor Co-Issuer Inc                                                                                             | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      900000 | PA      | $930855.60    | 0.07%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                  | Ford Motor Credit Co LLC                                                                                                         | CUSIP: 345397ZT3<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |      100000 | PA      | $117355.76    | 0.01%             | 2026-02-17      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| GCAT                                                      | GCAT 2024-NQM2 Trust                                                                                                             | CUSIP: 36831CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      605955 | PA      | $613061.16    | 0.05%             | 2059-06-25      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                                     | Chile Electricity Lux MPC Sarl                                                                                                   | CUSIP: 168829AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      984500 | PA      | $1033257.96   | 0.08%             | 2033-01-20      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Alt-A Trust                                  | Bear Stearns ALT-A Trust 2006-6                                                                                                  | CUSIP: 073868AM3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | ABS-MBS          | CORP              | US        |      101343 | PA      | $45479.29     | 0.00%             | 2036-11-25      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED MXN / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | MX        |           1 | NC      | $16268.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                          | Altice France SA                                                                                                                 | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |      400000 | PA      | $407278.17    | 0.03%             | 2029-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                     | Level 3 Financing Inc                                                                                                            | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     1100000 | PA      | $1119040.00   | 0.08%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                  | Standard Industries Inc/NY                                                                                                       | CUSIP: 000000000<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     1905556 | PA      | $2221511.38   | 0.16%             | 2026-11-21      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                        | Ukraine Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      724000 | PA      | $574856.00    | 0.04%             | 2041-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                      | OneMain Finance Corp                                                                                                             | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     1100000 | PA      | $1075054.87   | 0.08%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                    | PURCHASED USD / SOLD CAD                                                                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $970.30       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED USD / SOLD CAD                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $-21719.54    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                                  | Eagle Funding Luxco Sarl                                                                                                         | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |     2100000 | PA      | $2130576.00   | 0.16%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LAZARD GROUP LLC                                          | Lazard Group LLC                                                                                                                 | CUSIP: 52107QAL9<br>LEI: FI94J2CJ1D7BIGVMS874 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1268158.61   | 0.09%             | 2031-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRUST FIBRAUNO                                            | Trust Fibra Uno                                                                                                                  | CUSIP: 898339AB2<br>LEI: N/A                  | Long             | DBT              |  | MX        |      100000 | PA      | $92307.76     | 0.01%             | 2050-01-15      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS LLC                                            | NCR Atleos Corp                                                                                                                  | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |      375000 | PA      | $405945.75    | 0.03%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | Petroleos Mexicanos                                                                                                              | CUSIP: 706451BR1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     2000000 | PA      | $1810818.34   | 0.13%             | 2038-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                        | BMO 2024-5C5 Mortgage Trust                                                                                                      | CUSIP: 05593RAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1500000 | PA      | $1543465.35   | 0.11%             | 2057-02-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| GSAMP Trust                                               | GSAMP Trust 2007-NC1                                                                                                             | CUSIP: 3622MGAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       10889 | PA      | $5368.04      | 0.00%             | 2046-12-25      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                 | Block Inc                                                                                                                        | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |      900000 | PA      | $911860.20    | 0.07%             | 2030-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust 2024-8                                                                                                  | CUSIP: 03465QAA2<br>LEI: 254900BM1HTLL3SKQ481 | Long             | ABS-MBS          | CORP              | US        |     2986246 | PA      | $2999340.90   | 0.22%             | 2069-05-27      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2014-1 A PTT                                   | United Airlines 2014-1 Class A Pass Through Trust                                                                                | CUSIP: 90932PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      455303 | PA      | $454349.69    | 0.03%             | 2026-04-11      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                              | Ecopetrol SA                                                                                                                     | CUSIP: 279158AW9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |      700000 | PA      | $724369.10    | 0.05%             | 2032-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                  | AT&T Inc                                                                                                                         | CUSIP: 00206RLV2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     6663000 | PA      | $4555524.75   | 0.33%             | 2059-09-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                 | Nelnet Student Loan Trust 2025-B                                                                                                 | CUSIP: 64032BAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1300000 | PA      | $1307759.18   | 0.10%             | 2055-05-17      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Modena Buyer LLC                                          | Modena Buyer LLC Term Loan                                                                                                       | CUSIP: 60753DAC8<br>LEI: 254900B0G2IU0VBDOY26 | Long             | LON              | CORP              | US        |      638232 | PA      | $629570.96    | 0.05%             | 2031-07-01      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| OCS GROUP HOLDINGS LTD                                    | OCS Group Holdings Ltd GBP Term Loan B                                                                                           | CUSIP: 000000000<br>LEI: 54930002RKY3Y4LURL90 | Long             | LON              | CORP              | GB        |     2500000 | PA      | $3353843.05   | 0.25%             | 2031-11-27      | Floating      | 9.96%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                              | CSMC Series 2014-6R                                                                                                              | CUSIP: 12648PAQ0<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |      107003 | PA      | $91713.96     | 0.01%             | 2035-09-27      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2007-9T1                                                                                                  | CUSIP: 02150JAU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      214715 | PA      | $88746.71     | 0.01%             | 2037-05-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                    | CHL Mortgage Pass-Through Trust 2006-OA4                                                                                         | CUSIP: 126694F29<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      900138 | PA      | $256784.08    | 0.02%             | 2046-04-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                    | U.S. Treasury Bonds                                                                                                              | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     3300000 | PA      | $3063070.30   | 0.23%             | 2044-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                  | Kaisa Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      273918 | PA      | $3081.58      | 0.00%             | 2031-12-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BANQUE OUEST AFRICAINE D                                  | Banque Ouest Africaine de Developpement                                                                                          | CUSIP: 000000000<br>LEI: 529900LIZJABE4JJS826 | Long             | DBT              | NUSS              | XX        |      500000 | PA      | $508495.29    | 0.04%             | 2033-01-22      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | Freddie Mac REMICS                                                                                                               | CUSIP: 3137HCY22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1847567 | PA      | $1840453.88   | 0.14%             | 2050-12-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW IMMO HOLDING SA                                       | New Immo Holding SA                                                                                                              | CUSIP: 000000000<br>LEI: 5493007LOTJ0I8E94R81 | Long             | DBT              | CORP              | FR        |     1000000 | PA      | $1156863.58   | 0.09%             | 2027-07-23      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                                   | Booz Allen Hamilton Inc                                                                                                          | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1176586.91   | 0.09%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                     | Brazil Government International Bonds                                                                                            | CUSIP: 105756CJ7<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |      550000 | PA      | $557150.00    | 0.04%             | 2054-05-13      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0KC00 CDS USD R F  1.00000 1 CCPCDX / Short: SWPC0KC00 CDS USD P V 03MEVENT 2 CCPCDX                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    16491000 | OU      | $67950.18     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                                  | Boost Newco Borrower LLC                                                                                                         | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $2121788.00   | 0.16%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED USD / SOLD KWD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |           1 | NC      | $7910.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Oracle Corp                                               | Oracle Corp                                                                                                                      | CUSIP: 68389XBY0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $825203.23    | 0.06%             | 2060-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bonds                      | Ghana Government International Bonds                                                                                             | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     1000000 | PA      | $972313.89    | 0.07%             | 2029-07-03      | Variable      | 5.00%                 | 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        |     1600000 | PA      | $1598678.24   | 0.12%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CREDICORP CAPITAL SOCIED                                  | Credicorp Capital Sociedad Titulizadora SA                                                                                       | CUSIP: 224939AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |     1700000 | PA      | $515329.56    | 0.04%             | 2045-03-05      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV                            | New York State Urban Development Corp                                                                                            | CUSIP: 650035TD0<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |       80000 | PA      | $82731.50     | 0.01%             | 2039-03-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                              | UBS Group AG                                                                                                                     | CUSIP: 225401BC1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      850000 | PA      | $871324.14    | 0.06%             | 2027-12-22      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| MASTR Asset Backed Securities                             | Mastr Asset Backed Securities Trust 2004-WMC2                                                                                    | CUSIP: 57643LDJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       47563 | PA      | $47544.28     | 0.00%             | 2034-04-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| AMER AIRLN 14-1 A PTT                                     | American Airlines 2014-1 Class A Pass Through Trust                                                                              | CUSIP: 02377AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      138185 | PA      | $137335.67    | 0.01%             | 2026-10-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                              | Barclays PLC                                                                                                                     | CUSIP: 06738EBN4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |      500000 | PA      | $500084.81    | 0.04%             | 2025-12-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| PRIO LUX HLD SARL                                         | PRIO Luxembourg Holding Sarl                                                                                                     | CUSIP: 71677WAA0<br>LEI: 2221003VQP4JY7T31H94 | Long             | DBT              | CORP              | LU        |      200000 | PA      | $199673.60    | 0.01%             | 2026-06-09      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-1 AA PTT                                  | American Airlines 2016-1 Class AA Pass Through Trust                                                                             | CUSIP: 02376UAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      629128 | PA      | $616459.94    | 0.05%             | 2028-01-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                       | Benin Government International Bond                                                                                              | CUSIP: 08205QAA6<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |     2000000 | PA      | $2046766.66   | 0.15%             | 2038-02-13      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED USD / SOLD CAD                                                                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |           1 | NC      | $130461.59    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Spirit Aviation Holdings Inc                              | Spirit Aviation Holdings Inc                                                                                                     | CUSIP: 84863V101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       11548 | NS      | $4388.24      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                                              | Broadcom Inc                                                                                                                     | CUSIP: 11135FBH3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |      700000 | PA      | $636658.86    | 0.05%             | 2031-02-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                   | Goldman Sachs Group Inc/The                                                                                                      | CUSIP: 38141GB78<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1207978.55   | 0.09%             | 2035-10-23      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Saranac CLO LTD                                           | Saranac Clo VI Ltd                                                                                                               | CUSIP: 80317LAJ2<br>LEI: 5493002U06KAOJIMH261 | Long             | ABS-CBDO         | CORP              | JE        |      624622 | PA      | $625541.09    | 0.05%             | 2031-08-13      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                    | Pacific Gas and Electric Co                                                                                                      | CUSIP: 694308JP3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     1600000 | PA      | $1594908.14   | 0.12%             | 2026-01-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                         | PURCHASED USD / SOLD CHF                                                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-1006.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TOUCAN FINCO LTD/CAN/US                                   | Toucan FinCo Ltd/Toucan FinCo Can Inc/Toucan FinCo US LLC                                                                        | CUSIP: 89157UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     1200000 | PA      | $1175514.00   | 0.09%             | 2030-05-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                     | Qnity Electronics Inc                                                                                                            | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |      300000 | PA      | $302288.03    | 0.02%             | 2032-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                   | Nissan Motor Acceptance Co LLC                                                                                                   | CUSIP: 654740BS7<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |      400000 | PA      | $393563.48    | 0.03%             | 2026-03-09      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                              | ING Groep NV                                                                                                                     | CUSIP: 456837AR4<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |     1800000 | PA      | $1802916.00   | 0.13%             | 2026-11-16      | Fixed         | 5.75%                 | 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        |     1000000 | PA      | $971485.50    | 0.07%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                             | PURCHASED USD / SOLD KRW                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $6994.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2024-R1                                                                                               | CUSIP: 924926AA6<br>LEI: 213800A8V9BALJ9WKP38 | Long             | ABS-MBS          | CORP              | US        |      838059 | PA      | $838356.81    | 0.06%             | 2069-09-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| GSR Mortgage Loan Trust                                   | GSR Mortgage Loan Trust 2006-2F                                                                                                  | CUSIP: 362334BP8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | ABS-MBS          | CORP              | US        |       68667 | PA      | $29196.94     | 0.00%             | 2036-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc                                  | Constellation Brands Inc                                                                                                         | CUSIP: 21036PAQ1<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |      200000 | PA      | $198928.11    | 0.01%             | 2026-12-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                     | Mexico Government International Bond                                                                                             | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     1700000 | PA      | $2054271.09   | 0.15%             | 2032-05-25      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| VALLOUREC SACA                                            | Vallourec SACA                                                                                                                   | CUSIP: 92023RAA8<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | DBT              | CORP              | FR        |     1170000 | PA      | $1246594.05   | 0.09%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                    | Pacific Gas and Electric Co                                                                                                      | CUSIP: 694308KU0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     1500000 | PA      | $1536486.92   | 0.11%             | 2035-03-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ANTARES HOLDINGS                                          | Antares Holdings LP                                                                                                              | CUSIP: 03666HAD3<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |      250000 | PA      | $242275.23    | 0.02%             | 2027-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                    | Venture Global LNG Inc                                                                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     2700000 | PA      | $2834919.84   | 0.21%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                    | Pacific Gas and Electric Co                                                                                                      | CUSIP: 694308JU2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      100000 | PA      | $81886.84     | 0.01%             | 2041-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                            | CPS Auto Receivables Trust 2024-D                                                                                                | CUSIP: 22411JAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      800000 | PA      | $801780.96    | 0.06%             | 2029-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED USD / SOLD AUD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |           1 | NC      | $-15206.47    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                | Verus Securitization Trust 2024-INV1                                                                                             | CUSIP: 92540FAA8<br>LEI: 9845000FE754F4AE7E70 | Long             | ABS-MBS          | CORP              | US        |     2589065 | PA      | $2619165.62   | 0.19%             | 2069-03-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| VEON AMSTERDAM                                            | Veon Amsterdam Term Loan                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |      950000 | PA      | $949324.53    | 0.07%             | 2027-03-25      | Floating      | 8.55%                 | No            |                  3 | On Loan: No      |
| VMED O2 UK FINANCING I                                    | Vmed O2 UK Financing I PLC                                                                                                       | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      800000 | PA      | $840510.40    | 0.06%             | 2032-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                        | Ukraine Government International Bond                                                                                            | CUSIP: 903724CB6<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     2281007 | PA      | $1251132.34   | 0.09%             | 2035-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                 | Uniform Mortgage-Backed Security, TBA                                                                                            | CUSIP: 01F0406B8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     6000000 | PA      | $5653237.26   | 0.42%             | 2055-11-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                  | Olympus Water US Holding Corp                                                                                                    | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1153966.80   | 0.08%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                      | Colombian TES                                                                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 13166000000 | PA      | $3390388.06   | 0.25%             | 2029-08-22      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                       | Oman Government International Bonds                                                                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |      900000 | PA      | $948388.25    | 0.07%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| YANGO JUSTICE INTL                                        | Yango Justice International Ltd                                                                                                  | CUSIP: 000000000<br>LEI: 3003007ELD2HAYCXPT77 | Long             | DBT              | CORP              | HK        |     4200000 | PA      | $1890.00      | 0.00%             | 2024-04-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ABU DHABI GOVT INT'L                                      | Abu Dhabi Government International Bond                                                                                          | CUSIP: 29135LAN0<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |     3700000 | PA      | $2157368.51   | 0.16%             | 2070-09-02      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2005-J1                                                                                                   | CUSIP: 12667F3U7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       75036 | PA      | $69456.35     | 0.01%             | 2035-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                  | Long: SWPC0KQT2 CDS USD R F  1.00000 FIX SOVEREIGN / Short: SWPC0KQT2 CDS USD P V 03MEVENT FLO SOVEREIGN                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              |  | US        |      100000 | OU      | $1066.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                        | Energy Transfer LP                                                                                                               | CUSIP: 29273RAP4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      100000 | PA      | $101858.47    | 0.01%             | 2041-06-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certificates                     | CWABS Asset-Backed Certificates Trust 2004-9                                                                                     | CUSIP: 126673GS5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       43499 | PA      | $43646.07     | 0.00%             | 2034-11-25      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                          | Deutsche Bank AG/New York NY                                                                                                     | CUSIP: 25160PAE7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |      300000 | PA      | $310481.74    | 0.02%             | 2031-07-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SBERBANK (SB CAP SA)                                      | Sberbank of Russia Via SB Capital SA                                                                                             | CUSIP: 000000000<br>LEI: 222100YFG9QVABDS2B03 | Long             | DBT              | CORP              | LU        |     4500000 | PA      | $225000.00    | 0.02%             | 2023-05-23      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Countrywide Home Loans                                    | CHL Mortgage Pass-Through Trust 2006-OA4                                                                                         | CUSIP: 126694E95<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       33967 | PA      | $9258.52      | 0.00%             | 2046-04-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                        | Energy Transfer LP                                                                                                               | CUSIP: 29273RAF6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      500000 | PA      | $544626.24    | 0.04%             | 2036-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                        | Alternative Loan Trust 2004-28CB                                                                                                 | CUSIP: 12667FYU3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        6339 | PA      | $6323.65      | 0.00%             | 2035-01-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds                   | Pakistan Government International Bonds                                                                                          | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |     2400000 | PA      | $2389956.79   | 0.18%             | 2026-04-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INGEVITY CORP                                             | Ingevity Corp                                                                                                                    | CUSIP: 45688CAB3<br>LEI: 5493009UTFC4B5IMGF87 | Long             | DBT              | CORP              | US        |      675000 | PA      | $648559.44    | 0.05%             | 2028-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                              | Barclays PLC                                                                                                                     | CUSIP: 06738ECE3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |      500000 | PA      | $573712.05    | 0.04%             | 2033-11-02      | Fixed         | 7.44%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                  | Kaisa Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |       45656 | PA      | $1141.40      | 0.00%             | 2025-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MEXICAN UDIBONOS                                          | Mexican Udibonos                                                                                                                 | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     3847801 | PA      | $200312.13    | 0.01%             | 2034-08-24      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                   | MPLX LP                                                                                                                          | CUSIP: 55336VBN9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |      800000 | PA      | $800779.15    | 0.06%             | 2027-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                              | Enbridge Inc                                                                                                                     | CUSIP: 29250NBR5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |      900000 | PA      | $947121.71    | 0.07%             | 2033-03-08      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| THAMES WATER SUPER SEN                                    | Thames Water Super Senior Issuer PLC                                                                                             | CUSIP: 000000000<br>LEI: 635400LBEYCV7F4FC741 | Long             | DBT              | CORP              | GB        |       14107 | PA      | $21028.74     | 0.00%             | 2027-10-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                            | CPS Auto Receivables Trust 2025-C                                                                                                | CUSIP: 12634SAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $1006315.20   | 0.07%             | 2029-12-17      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                       | Elevance Health Inc                                                                                                              | CUSIP: 28622HAB7<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |      900000 | PA      | $902774.61    | 0.07%             | 2033-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                    | U.S. Treasury Bonds                                                                                                              | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     8700000 | PA      | $8792437.50   | 0.65%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                           | Long: SWPC0NUQ7 CDS USD R F  1.00000 1 CCPCDX / Short: SWPC0NUQ7 CDS USD P V 03MEVENT 2 CCPCDX                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    24000000 | OU      | $545592.24    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PT PERTAMINA (PERSERO)                                    | Pertamina Persero PT                                                                                                             | CUSIP: 69370PAC5<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |     4300000 | PA      | $4608033.17   | 0.34%             | 2048-11-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                  | Builders FirstSource Inc                                                                                                         | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |      900000 | PA      | $939719.29    | 0.07%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                  | Encore Capital Group Inc                                                                                                         | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1266192.00   | 0.09%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                        | Ukraine Government International Bond                                                                                            | CUSIP: 903724CC4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     2498410 | PA      | $1351639.81   | 0.10%             | 2036-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| SPIRIT AVIATION HLDGS INC                                 | SPIRIT AVIATION HLDGS INC                                                                                                        | CUSIP: 84863V135<br>LEI: N/A                  | N/A              | DE               |  | US        |        5499 | NS      | $2089.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BCAP LLC Trust                                            | BCAP LLC 2009-RR5 Trust                                                                                                          | CUSIP: 05531UAV2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | ABS-MBS          | CORP              | US        |     2001398 | PA      | $752136.77    | 0.06%             | 2036-08-26      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                               | Ivory Coast Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      500000 | PA      | $585388.12    | 0.04%             | 2030-03-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Nakilat Inc                                               | Nakilat Inc                                                                                                                      | CUSIP: Y62014AA6<br>LEI: 2549006RMTDJWLLWF072 | Long             | DBT              | CORP              | MH        |      737120 | PA      | $781605.19    | 0.06%             | 2033-12-31      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc                                        | Ally Financial Inc                                                                                                               | CUSIP: 36186CBY8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     3271000 | PA      | $3728840.66   | 0.27%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                      | OneMain Finance Corp                                                                                                             | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      700000 | PA      | $650689.31    | 0.05%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANCO BTG PACTUAL/CAYMAN                                  | Banco BTG Pactual SA/Cayman Islands                                                                                              | CUSIP: 05971AAK7<br>LEI: 2549002JHJ73KGETOK78 | Long             | DBT              | CORP              | BR        |     1500000 | PA      | $1556524.82   | 0.11%             | 2029-04-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                  | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                                                                             | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1000000 | PA      | $1076345.73   | 0.08%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                        | PURCHASED NZD / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | NZ        |           1 | NC      | $3515.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                  | Kaisa Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      256654 | PA      | $2887.36      | 0.00%             | 2032-12-28      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BCAP LLC Trust                                            | BCAP LLC 2009-RR14 Trust                                                                                                         | CUSIP: 05532LAD1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | ABS-MBS          | CORP              | US        |       13265 | PA      | $11807.38     | 0.00%             | 2036-07-26      | Variable      | 3.83%                 | No            |                  2 | On Loan: No      |
| CITADEL LP                                                | Citadel LP                                                                                                                       | CUSIP: 17288XAC8<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1270098.26   | 0.09%             | 2032-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| YANGO JUSTICE INTL                                        | Yango Justice International Ltd                                                                                                  | CUSIP: 000000000<br>LEI: 3003007ELD2HAYCXPT77 | Long             | DBT              | CORP              | HK        |      600000 | PA      | $60.00        | 0.00%             | 2024-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PICARD GROUPE SAS                                         | Picard Groupe SAS                                                                                                                | CUSIP: 000000000<br>LEI: 969500C0PA29TV19CT55 | Long             | DBT              | CORP              | FR        |      900000 | PA      | $1105454.97   | 0.08%             | 2029-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                     | Genesis Energy LP / Genesis Energy Finance Corp                                                                                  | CUSIP: 37185LAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      825000 | PA      | $860405.70    | 0.06%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal                | CAN 10YR BOND FUT DEC25                                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |          43 | NC      | $78606.13     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TITULOS DE TESORERIA                                      | Colombian TES                                                                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  5677000000 | PA      | $1204491.12   | 0.09%             | 2031-03-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                                        | Panama Government International Bond                                                                                             | CUSIP: 698299AT1<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      100000 | PA      | $111940.00    | 0.01%             | 2034-04-28      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | PURCHASED IDR / SOLD USD                                                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | ID        |           1 | NC      | $-1668.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| First Horizon Mortgage Pass-Through Trust                 | First Horizon Mortgage Pass-Through Trust 2007-2                                                                                 | CUSIP: 320520AE9<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | ABS-MBS          | CORP              | US        |      142024 | PA      | $41692.70     | 0.00%             | 2037-05-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                      | Colombian TES                                                                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  9166800000 | PA      | $2140190.43   | 0.16%             | 2028-04-28      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                  | Kaisa Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      152176 | PA      | $2853.30      | 0.00%             | 2030-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cordatus CLO PLC                                          | CVC Cordatus Loan Fund XI DAC                                                                                                    | CUSIP: 000000000<br>LEI: 6354003WWBLW5OLHF232 | Long             | ABS-CBDO         | CORP              | IE        |      384730 | PA      | $451609.32    | 0.03%             | 2031-10-15      | Floating      | 2.68%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                    | PURCHASED USD / SOLD ZAR                                                                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $-4949.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                        | Energy Transfer LP                                                                                                               | CUSIP: 29278NAR4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      200000 | PA      | $171200.58    | 0.01%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                    | Pacific Gas and Electric Co                                                                                                      | CUSIP: 694308HS9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      200000 | PA      | $197309.31    | 0.01%             | 2027-03-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                         | Republic of Kenya Government International Bond                                                                                  | CUSIP: 491798AN4<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     1800000 | PA      | $1844080.96   | 0.14%             | 2036-03-05      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| INEOS US Finance LLC                                      | Ineos US Finance LLC 2023 USD Term Loan B                                                                                        | CUSIP: 000000000<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |      798995 | PA      | $721093.30    | 0.05%             | 2030-02-18      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| ABU DHABI DEVELOPMENT HO                                  | Abu Dhabi Developmental Holding Co PJSC                                                                                          | CUSIP: 00402D2A2<br>LEI: 254900G082ZFKTCR2Q75 | Long             | DBT              | CORP              | AE        |     1900000 | PA      | $1976673.57   | 0.15%             | 2029-05-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TRUST FIBRAUNO                                            | Trust Fibra Uno                                                                                                                  | CUSIP: 89834JAA1<br>LEI: N/A                  | Long             | DBT              |  | MX        |     1200000 | PA      | $1293087.60   | 0.10%             | 2034-02-13      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                       | Nigeria Government International Bond                                                                                            | CUSIP: 65412AFC1<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      800000 | PA      | $861279.85    | 0.06%             | 2031-06-09      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                     | Venezuela Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |      200000 | PA      | $40520.00     | 0.00%             | 2024-10-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                 | Towd Point Mortgage Trust 2024-4                                                                                                 | CUSIP: 89183GAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1958483 | PA      | $1962008.56   | 0.14%             | 2064-10-27      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                               | Long: SWU02HWT0 IRS BRL R F 13.32000 SWU02HWT0 CCPNDFPREDISWAP / Short: SWU02HWT0 IRS BRL P V 00MBRCDI SWUV2HWT2 CCPNDFPREDISWAP | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     3600000 | OU      | $-272.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                      | LifePoint Health Inc 2024 1st Lien Term Loan B                                                                                   | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |      992500 | PA      | $989919.50    | 0.07%             | 2031-05-19      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                                        | Sunrise FinCo I BV                                                                                                               | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |      725000 | PA      | $690671.25    | 0.05%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                                        | Peru Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     2300000 | PA      | $738538.79    | 0.05%             | 2033-08-12      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                    | U.S. Treasury Bills                                                                                                              | CUSIP: 912797SH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |        4000 | PA      | $3949.85      | 0.00%             | 2026-01-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Alternative Loan Trust                        | Wells Fargo Alternative Loan 2007-PA4 Trust                                                                                      | CUSIP: 94984UAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       19565 | PA      | $18167.24     | 0.00%             | 2037-07-25      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

**Name of Applicant:** NORTHWESTERN MUTUAL SERIES FUND INC

**Signature:** Linda Wisniewski

**Name of Signer:** Linda Wisniewski

**Title:** Controller and Chief Accounting Officer