# EDGAR Filing Document

**Accession Number:** 0000908187
**File Stem:** 0000908187-25-000031
**Filing Date:** 2025-8
**Character Count:** 138897
**Document Hash:** 92d3fb5f513b6c7dc7de26ad41243172
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000908187-25-000031.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0000908187-25-000031

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PCM FUND, INC.
- **CENTRAL INDEX KEY:** 0000908187

**ORGANIZATION NAME:**
- **EIN:** 521834031
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07816
- **FILM NUMBER:** 251277426

**BUSINESS ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212 -739-4000

**MAIL ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PIMCO COMMERCIAL MORTGAGE SECURITIES TRUST INC
- **DATE OF NAME CHANGE:** 19930624

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PCM Fund, Inc.

- **b. Investment Company Act file number:** 811-07816

- **c. CIK number of Registrant:** 0000908187

- **d. LEI of Registrant:** FZICY1WZ0I8IZ2XD3R19

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

  - **Street Address 1:** 1633 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** (844) 337-4626

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

- **a. Name of Series:** N/A

- **c. LEI of Series:** N/A

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

- **a. Date of fiscal year-end:** 2025-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $117025637.60

**Total Liabilities:** $43785650.28

**Net Assets:** $73239987.32

**Cash Not Reported:** $641132.36

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 349.381800 | **1-Year:** 595.392600 | **5-Year:** 1286.718800 | **10-Year:** 1606.205800 | **30-Year:** 81.465300

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

- **3-Month:** 5527.826300 | **1-Year:** 4178.267300 | **5-Year:** 18834.994800 | **10-Year:** 6527.837700 | **30-Year:** 318.714400

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -2.36%               | 1.23%                | 2.35%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $39120.80                | $-1685835.18                               |
| Month 2  | $-73722.85               | $1089839.51                                |
| Month 3  | $68636.83                | $27945.61                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| COUNTRYWIDE HOME LOANS 2006-HYB5                                        | COUNTRYWIDE HOME LOANS CWHL 2006 HYB5 2A1                  | CUSIP: 170256AD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     48061 | PA      | $42593.87     | 0.06%             | 2036-09-20      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2006-6                                         | BEAR STEARNS ALT A TRUST BALTA 2006 6 32A1                 | CUSIP: 073868BE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    433036 | PA      | $222417.85    | 0.30%             | 2036-11-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BNP PARIBAS NY BRANCHPARIS BON REPO - 23Oct25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -396866 | PA      | $-400935.88   | -0.55%            |  |  |  | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                                                  | CACI INTERNATIONAL INC COMPANY GUAR 144A 06/33 6.375       | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103319.80    | 0.14%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NATIONAL COLLEGIATE V COMMUTATION TRUST 2007-33A6                       | NATIONAL COLLEGIATE V COMMUTAT NCVCT 2007 33A6 1O 144A     | CUSIP: 63546EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1097762 | PA      | $165970.56    | 0.23%             | 2038-03-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET BACKED CERT 2007-BC2                                  | COUNTRYWIDE ASSET BACKED CERTI CWL 2007 BC2 1A             | CUSIP: 12669QAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    435511 | PA      | $434945.75    | 0.59%             | 2037-06-25      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CREDIT AGRICOLE SECURITIES (US REPO - 04Sep25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -345387 | PA      | $-346628.08   | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BONYTORONTO DOMINION SECURITIE REPO - 31Dec34              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -18358 | PA      | $-18801.09    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFRF USD SF+26.161/1.2* 9/15/23-3Y* CME                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-7820.08     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BNY CLEARING SERVICES LLC REPO - 21Oct25                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -975383 | PA      | $-985662.45   | -1.35%            |  |  |  | No            |                  2 | On Loan: No      |
| AMSURG LLC                                                              | ENVISION HEALTHCARE CORPORTION 2023 LAST OUT TERM LOAN     | CUSIP: 949ABFII9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1782131 | PA      | $1835595.30   | 2.51%             | 2028-09-15      | Fixed         | 12.24%                | No            |                  3 | On Loan: No      |
| CHOBANI LLC / CHOBANI FINANCE CORP INC                                  | CHOBANI LLC/FINANCE CORP CHOBANI LLC/FINANCE CORP          | CUSIP: 17027NAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $104331.20    | 0.14%             | 2029-07-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| NATIONAL COLLEGIATE V COMMUTATION TRUST 2007-43A6                       | NATIONAL COLLEGIATE V COMMUTAT NCVCT 2007 43A6 1O 144A     | CUSIP: 63546GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $190125.00    | 0.26%             | 2038-03-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| SOHO TRUST 2021-SOHO                                                    | SOHO TRUST 2021 SOHO SOHO 2021 SOHO A 144A                 | CUSIP: 83410JAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $356761.71    | 0.49%             | 2038-08-10      | Variable      | 2.79%                 | No            |                  2 | On Loan: No      |
| LEALAND FINANCE COMPANY BV                                              | LEALAND FINANCE COMPANY B.V. 2020 MAKE WHOLE TL            | CUSIP: N5200EAC5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     27142 | PA      | $17777.74     | 0.02%             | 2025-07-31      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                   | QUIKRETE HOLDINGS INC SR SECURED 144A 03/32 6.375          | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    400000 | PA      | $411577.97    | 0.56%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SVB FINANCIAL GROUP                                                     | SVB FINL TR                                                | CUSIP: 000000000<br>LEI: 549300D2KJ20JMXE7542 | Long             | EP               | CORP              | US        |       440 | NS      | $8.80         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                      | CLEAR CHANNEL OUTDOOR HOLDIN COMMON STOCK                  | CUSIP: 18453H106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    108013 | NS      | $126375.21    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                     | RFRF USD SF+26.161/1.6* 8/03/23-27Y* CME                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $165641.93    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRST BRANDS GROUP LLC                                                  | FIRST BRANDS 2021 TERM LOAN                                | CUSIP: 31935HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    197423 | PA      | $187064.92    | 0.26%             | 2027-03-30      | Floating      | 9.54%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LOAN TRUST 2006-8T1                             | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 8T1 1A5          | CUSIP: 12668BMJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2129226 | PA      | $999227.81    | 1.36%             | 2036-04-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| APEX CREDIT CLO 2021-2A                                                 | APEX CREDIT CLO LLC APEXC 2021 2A SUB 144A                 | CUSIP: 58406DAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $229516.46    | 0.31%             | 2034-10-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ASSET BACKED SECURITIES TRUST 2006-AC1                     | BEAR STEARNS ASSET BACKED SECU BSABS 2006 AC1 21A1         | CUSIP: 07387UCT6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     21168 | PA      | $13682.26     | 0.02%             | 2035-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MASTR ADJ RATE MTGE TRUST 2007-R5                                       | MASTR ADJUSTABLE RATE MORTGAGE MARM 2007 R5 A1 144A        | CUSIP: 57645WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    162504 | PA      | $69896.58     | 0.10%             | 2035-11-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| ENCINA SPV                                                              | ENCINA PRIVATE CREDIT LLC NOTE                             | CUSIP: 938DREII2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    522108 | PA      | $509052.22    | 0.70%             | 2025-11-30      | Floating      | 8.05%                 | No            |                  3 | On Loan: No      |
| FIRST FRANKLIN MORTGAGE LOAN TRUST SERIES 2005-FFH1                     | FIRST FRANKLIN MTG LOAN ASSET FFML 2005 FFH1 M3            | CUSIP: 32027NTC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    311561 | PA      | $287343.49    | 0.39%             | 2036-06-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFRF USD SF+26.161/1.5* 7/20/23-4Y* CME                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-70708.78    | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TR INC 2007-AMC1                                    | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 AMC1 A2C          | CUSIP: 17311BAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    596940 | PA      | $215472.60    | 0.29%             | 2036-12-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET INV LN TR 2003-BC10                                    | STRUCTURED ASSET INVESTMENT LO SAIL 2003 BC10 B            | CUSIP: 86359A2N2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     67685 | PA      | $81516.91     | 0.11%             | 2033-10-25      | Floating      | 8.93%                 | No            |                  2 | On Loan: No      |
| RENAISSANCE HOME EQUITY LOAN TR 2007-3                                  | RENAISSANCE HOME EQUITY LOAN T RAMC 2007 3 AF3             | CUSIP: 75971FAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3220618 | PA      | $1276503.32   | 1.74%             | 2037-09-25      | Variable      | 7.24%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | UBS SECURITIES LLC REPO - 08Jul25                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -980860 | PA      | $-993448.21   | -1.36%            |  |  |  | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST 2022-1                                       | FLAGSHIP CREDIT AUTO TRUST FCAT 2022 1 R 144A              | CUSIP: 33845V101<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     14000 | PA      | $0.00         | 0.00%             | 2029-06-15      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| CROWN CITY CLO 2020-2A                                                  | CROWN CITY CLO CCITY 2020 2A SUB 144A                      | CUSIP: 22823JAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $246991.53    | 0.34%             | 2035-04-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CREDIT AGRICOLE SECURITIES (US REPO - 27Oct25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -97055 | PA      | $-97521.13    | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 4990                                                 | FREDDIE MAC FHR 4990 BI                                    | CUSIP: 3137FURT3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1177352 | PA      | $274683.98    | 0.38%             | 2050-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2020-RPL1                           | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2020 RPL1 B5 144A       | CUSIP: 64828XAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2900000 | PA      | $1707905.12   | 2.33%             | 2059-11-25      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| WESTMORELAND MINING HOLDINGS LLC                                        | WESTMORELAND COAL CO PIK TERM LOAN                         | CUSIP: 96106JAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    277091 | PA      | $109450.98    | 0.15%             | 2029-03-15      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| MNSN HOLDINGS INC                                                       | MNSN HOLDINGS INC COMMON STOCK                             | CUSIP: 55339C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       511 | NS      | $2044.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GSR MORTGAGE LOAN TRUST 2007-AR1                                        | GSR MORTGAGE LOAN TRUST GSR 2007 AR1 2A1                   | CUSIP: 362290AC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    529122 | PA      | $306359.60    | 0.42%             | 2047-03-25      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| VISTA MANAGEMENT HOLDING INC                                            | VISTA MANAGEMENT HOLDING INC 2025 TERM LOAN B              | CUSIP: 92842EAB4<br>LEI: 5299005VABKD28UWHI65 | Long             | LON              | CORP              | US        |    100000 | PA      | $100375.00    | 0.14%             | 2031-04-01      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| EUC (MODENA BUYER LLC)                                                  | MODENA BUYER LLC TERM LOAN                                 | CUSIP: 60753DAC8<br>LEI: 254900B0G2IU0VBDOY26 | Long             | LON              | CORP              | US        |    497500 | PA      | $480398.44    | 0.66%             | 2031-07-01      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH MORTGAGE INVESTORS 2003-A4                                | MERRILL LYNCH MORTGAGE INVESTO MLMI 2003 A4 3A             | CUSIP: 589929W87<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5582 | PA      | $5454.27      | 0.01%             | 2033-05-25      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                  | VENTURE GLOBAL LNG INC SR SECURED 144A 02/29 9.5           | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    200000 | PA      | $218000.60    | 0.30%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2005-AR13                                             | WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR13 B1           | CUSIP: 92922F4Y1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2351901 | PA      | $2036040.84   | 2.78%             | 2045-10-25      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| MASTR ASSET BACKED SEC TR 2006-NC2                                      | MASTR ASSET BACKED SECURITIES MABS 2006 NC2 A3             | CUSIP: 55275BAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2315223 | PA      | $848852.57    | 1.16%             | 2036-08-25      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BARCLAYS BANK PLC LONDON BRANC REPO - 31Dec34              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -792520 | PA      | $-812489.04   | -1.11%            |  |  |  | No            |                  2 | On Loan: No      |
| CENGAGE LEARNING INC                                                    | CENGAGE LEARNING INC 2024 1ST LIEN TERM LOAN B             | CUSIP: 15131YAQ8<br>LEI: 549300BYGM0FWUSVXJ88 | Long             | LON              | CORP              | US        |    197508 | PA      | $198210.63    | 0.27%             | 2031-03-24      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING CORP 2007-2                                     | BANC OF AMERICA FUNDING CORPOR BAFC 2007 2 TA1B            | CUSIP: 05951GAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     26124 | PA      | $26368.28     | 0.04%             | 2037-03-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| GLGU-2021-1A                                                            | MAN GLG US CLO 2021 1 LTD GLGU 2021 1A SUB 144A            | CUSIP: 56166XAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $303674.38    | 0.41%             | 2034-07-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| INCORA TOP HOLDCO LLC                                                   | INCORA NEW EQUITY                                          | CUSIP: 955PRF008<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47162 | NS      | $1593392.03   | 2.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/3.75000 12/20/23-5Y LCH                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $23018.19     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CSL CAPITAL LLC         | UNITI GROUP/CSL CAPITAL SR SECURED 144A 02/28 10.5         | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    772000 | PA      | $818931.82    | 1.12%             | 2028-02-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| N/A                                                                     | THE BANK OF NEW YORK MELLON REPO - 07Jul25                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -592286 | PA      | $-600173.01   | -0.82%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALT LN TRUST 2005-1CB                                       | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 1CB 2A2          | CUSIP: 12667F2R5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    369936 | PA      | $154382.64    | 0.21%             | 2035-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MRTG CAPITAL CERT 2006-6                                  | CREDIT SUISSE MORTGAGE TRUST CSMC 2006 6 1A3               | CUSIP: 22942JAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    833779 | PA      | $384755.80    | 0.53%             | 2036-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PERATON CORP                                                            | PERATON CORP TERM LOAN B                                   | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |    397876 | PA      | $352369.38    | 0.48%             | 2028-02-01      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| INDYMAC INDX MORTGAGE LOAN TR 2006-AR7                                  | INDYMAC INDX MORTGAGE LOAN TRU INDX 2006 AR7 4A1           | CUSIP: 45661EDC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     87261 | PA      | $48031.65     | 0.07%             | 2036-05-25      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS 2006-QA1                                     | RESIDENTIAL ACCREDIT LOANS, IN RALI 2006 QA1 A21           | CUSIP: 761118TB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    152437 | PA      | $102662.44    | 0.14%             | 2036-01-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5069                                                 | FREDDIE MAC FHR 5069 DI                                    | CUSIP: 3137F9BQ3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1388579 | PA      | $195000.78    | 0.27%             | 2041-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                                       | WASTE PRO USA INC SR UNSECURED 144A 02/33 7                | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    200000 | PA      | $208123.60    | 0.28%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MARLETTE FUNDING TRUST 2019-2                                           | MARLETTE FUNDING TRUST MFT 2019 2A CERT 144A               | CUSIP: 57109H102<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4885 | PA      | $622.40       | 0.00%             | 2029-07-16      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| MARLETTE FUNDING TRUST 2020-1A                                          | MARLETTE FUNDING TRUST MFT 2020 1A CERT 144A               | CUSIP: 57109J108<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8397 | PA      | $27407.90     | 0.04%             | 2030-03-15      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/1.75000 06/15/22-30Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $914813.19    | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | CREDIT AGRICOLE SECURITIES (US REPO - 04Sep25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -85830 | PA      | $-86138.13    | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| SVB FINANCIAL GROUP                                                     | SVB FINL TR COMMON STOCK UNIT                              | CUSIP: 000000000<br>LEI: 549300D2KJ20JMXE7542 | Long             | EP               | CORP              | US        |       583 | NS      | $308990.00    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| REALPAGE INC                                                            | REALPAGE, INC. 1ST LIEN TERM LOAN                          | CUSIP: 75605VAD4<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |    316710 | PA      | $314890.02    | 0.43%             | 2028-04-24      | Floating      | 7.56%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2006-3                                         | BEAR STEARNS ALT A TRUST BALTA 2006 3 22A1                 | CUSIP: 07386HL33<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     21663 | PA      | $15461.76     | 0.02%             | 2036-05-25      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LOANTR 2006-OC2                                 | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 OC2 2A3          | CUSIP: 12668BRG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    327430 | PA      | $297343.01    | 0.41%             | 2036-02-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| MLCC MORTGAGE INVESTORS INC 2004-E                                      | MLCC MORTGAGE INVESTORS INC MLCC 2004 E A1                 | CUSIP: 59020UJP1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25335 | PA      | $22573.84     | 0.03%             | 2029-11-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| NATIONAL COLLEGIATE V COMMUTATION TRUST 2007-33A5                       | NATIONAL COLLEGIATE V COMMUTAT NCVCT 2007 33A5 1O 144A     | CUSIP: 63546CAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1097744 | PA      | $161423.26    | 0.22%             | 2038-03-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| ASHFORD HOSPITALITY TRUST 2018-ASHF                                     | ASHFORD HOSPITALITY TRUST AHT1 2018 ASHF C 144A            | CUSIP: 04410RAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $891289.98    | 1.22%             | 2035-04-15      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL ALTERNATIVE MORTGAGE PASS-THROUGH CERTIFICATES 2006-6 | WASHINGTON MUTUAL MORTGAGE PAS WMALT 2006 6 1CB1           | CUSIP: 93935GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    548430 | PA      | $483530.57    | 0.66%             | 2036-08-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ADJ RATE MTG LN 2006-3                                       | STRUCTURED ADJUSTABLE RATE MOR SARM 2006 3 4A              | CUSIP: 863579Y69<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    142234 | PA      | $74698.43     | 0.10%             | 2036-04-25      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| X CORPORATION                                                           | TWITTER INC 2025 FIXED TERM LOAN                           | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100000 | PA      | $97375.00     | 0.13%             | 2029-10-26      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST 2014-6                                    | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2014 6 3A3 144A        | CUSIP: 17322WAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    999239 | PA      | $495317.31    | 0.68%             | 2035-11-25      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| INCORA INTERMEDIATE II LLC                                              | INCORA INTERMEDIATE II SR SECURED 144A 01/30 VAR           | CUSIP: 45338XAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1404635 | PA      | $1404634.99   | 1.92%             | 2030-01-31      | Fixed         | 12.35%                | No            |                  3 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/1.75000 06/15/22-30Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $1176349.36   | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I 2007-T25                                       | MORGAN STANLEY CAPITAL I TRUST MSC 2007 T25 X 144A         | CUSIP: 61751XAX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     66144 | PA      | $1.04         | 0.00%             | 2049-11-12      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST 2010-4                                    | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2010 4 3A6 144A        | CUSIP: 17315QAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650668 | PA      | $261458.36    | 0.36%             | 2037-11-25      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| FIRST HORIZON ALT MTG SEC 2005-AA6                                      | FIRST HORIZON ALTERNATIVE MORT FHAMS 2005 AA6 2A2          | CUSIP: 32051GPZ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1119 | PA      | $51.88        | 0.00%             | 2035-08-25      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| WESTMORELAND MINING HOLDINGS LLC                                        | WESTMORELAND MINING HOLDINGS L COMMON                      | CUSIP: 935ZXN908<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9154 | NS      | $5720.94      | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LIFEPOINT HEALTH INC                                                    | LIFEPOINT HEALTH INC SR SECURED 144A 08/30 9.875           | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $108295.70    | 0.15%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFRF USD SF+26.161/1.7* 7/22/23-27Y* CME                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $276442.50    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRST BRANDS GROUP LLC                                                  | FIRST BRANDS GROUP, LLC 2022 INCREMENTAL TERM LOAN         | CUSIP: 31935HAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    197443 | PA      | $186872.16    | 0.26%             | 2027-03-30      | Floating      | 9.54%                 | No            |                  2 | On Loan: No      |
| INTERNET BRANDS INC (MH SUB I LLC)                                      | MH SUB I LLC 2023 TERM LOAN                                | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |    299237 | PA      | $281282.44    | 0.38%             | 2028-05-03      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2007-HY4                                         | COUNTRYWIDE HOME LOANS CWHL 2007 HY4 1A1                   | CUSIP: 17025RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    153316 | PA      | $138279.22    | 0.19%             | 2047-09-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| MARINE ONE HOLDCO LLC                                                   | WEST MARINE NEW COMMON STOCK EQTYWM9A9                     | CUSIP: 902LVFII8<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2750 | NS      | $17373.86     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| COHESITY INC                                                            | CLOVER 2024 HOLDINGS INC VERITAS G 1 PREFERRED             | CUSIP: 955EKAII3<br>LEI: 254900JU2GC36CXYYG09 | Long             | EP               | CORP              | US        |       664 | NS      | $11736.90     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                     | SCOTIA CAPITAL (USA) INC.AS AG REPO - 21Jul25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -509113 | PA      | $-513960.29   | -0.70%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BARCLAYS BANK PLC LONDON BRANC REPO - 15Sep25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -628056 | PA      | $-629632.50   | -0.86%            |  |  |  | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2004-9                                         | BEAR STEARNS ALT A TRUST BALTA 2004 9 1A1                  | CUSIP: 07386HKY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     53854 | PA      | $52162.93     | 0.07%             | 2034-09-25      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | UBS SECURITIES LLC REPO - 10Sep25                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -1527740 | PA      | $-1553011.65  | -2.12%            |  |  |  | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2005-SD1                                                    | GSAMP TRUST GSAMP 2005 SD1 M3 144A                         | CUSIP: 36242DWF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2155730 | PA      | $1676268.63   | 2.29%             | 2034-12-25      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2005-1                                           | COUNTRYWIDE HOME LOANS CWHL 2005 1 1A1                     | CUSIP: 12669GRM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     57212 | PA      | $50090.42     | 0.07%             | 2035-03-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2007-2                                         | BEAR STEARNS ALT A TRUST BALTA 2007 2 1A1                  | CUSIP: 073870AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    355453 | PA      | $315833.93    | 0.43%             | 2037-04-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SG AMERICAS SECURITIES LLC REPO - 19Nov25                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -673031 | PA      | $-677380.29   | -0.92%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                                          | TRANSOCEAN INC TRANSOCEAN INC                              | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    500000 | PA      | $462663.55    | 0.63%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BNYMELLONRE RBC BARBADOS REPO - 08Aug25                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -156822 | PA      | $-156987.44   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| FORWARD AIR CORPORATION                                                 | CLUE OPCO LLC SR SECURED 144A 10/31 9.5                    | CUSIP: 36267QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $424432.00    | 0.58%             | 2031-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NATIXIS COMMERCIAL MORTGAGE SECURITIES TRUST 2022-RRI                   | NATIXIS COMMERCIAL MORTGAGE SE NCMS 2022 RRI E 144A        | CUSIP: 63875JAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    525000 | PA      | $524143.73    | 0.72%             | 2035-03-15      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA MTG SEC 2005-3                                          | BANC OF AMERICA MORTGAGE SECUR BOAMS 2005 E 3A1            | CUSIP: 05949A6L9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     34762 | PA      | $33516.34     | 0.05%             | 2035-06-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| MCDERMOTT INTERNATIONAL LTD                                             | MCDERMOTT INTERNATIONAL LTD COMMON STOCK USD1.0            | CUSIP: G5924V148<br>LEI: 54930004RAXI4B3L4752 | Long             | EC               | CORP              | BM        |        57 | NS      | $627.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                     | BARCLAYS BANK PLC LONDON BRANC REPO - 31Dec35              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -344083 | PA      | $-344951.90   | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| IVANTI SOFTWARE INC                                                     | IVANTI SOFTWARE INC 2025 NEWCO TERM LOAN                   | CUSIP: 46583VAB5<br>LEI: 254900GHAXAYKWDX9F60 | Long             | LON              | CORP              | US        |    155807 | PA      | $160675.80    | 0.22%             | 2029-06-01      | Floating      | 10.02%                | No            |                  2 | On Loan: No      |
| EMC MORTGAGE LOAN TRUST 2002-B                                          | EMC MORTGAGE LOAN TRUST EMCM 2002 B A1 144A                | CUSIP: 268668BD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    143356 | PA      | $144478.74    | 0.20%             | 2041-02-25      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | WEST MARINE NEW WARRANT WARRWM911                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       357 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| HARBORVIEW MORTGAGE LOAN TRUST 2005-16                                  | HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2005 16 3A1A          | CUSIP: 41161PYZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    360719 | PA      | $234444.90    | 0.32%             | 2036-01-19      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CREDIT AGRICOLE SECURITIES (US REPO - 17Sep25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -763683 | PA      | $-765173.51   | -1.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | MIZUHO SECURITIES USAFIXED INC REPO - 19Dec25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -796966 | PA      | $-798288.43   | -1.09%            |  |  |  | No            |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING CORP 2007-8                                     | BANC OF AMERICA FUNDING CORPOR BAFC 2007 8 2A1             | CUSIP: 05953LAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    242681 | PA      | $173782.95    | 0.24%             | 2037-10-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BNY CLEARING SERVICES LLC REPO - 21Oct25                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -457383 | PA      | $-462203.31   | -0.63%            |  |  |  | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC / FERTITTA ENTERTAINMENT FINANCE CO INC      | FERTITTA ENTERTAINMENT COMPANY GUAR 144A 01/30 6.75        | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $369442.60    | 0.50%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CONSECO FINANCE SECUR CORP 2002-2                                       | CONSECO FINANCE SECURITIZATION CNF 2002 2 M2               | CUSIP: 20846QJZ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    612219 | PA      | $618519.17    | 0.84%             | 2033-03-01      | Variable      | 9.16%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LN TR 2005-64CB                                 | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 64CB 2A1         | CUSIP: 12668AA62<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    157678 | PA      | $22284.88     | 0.03%             | 2035-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VALARIS LIMITED                                                         | VALARIS LTD SECURED 144A 04/30 8.375                       | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    100000 | PA      | $102676.40    | 0.14%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SOLENIS (OLYMPUS WATER US HOLDING CORPORATION)                          | OLYMPUS WTR US HLDG CORP OLYMPUS WTR US HLDG CORP          | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204168.00    | 0.28%             | 2031-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2007-A1                                        | JP MORGAN MORTGAGE TRUST JPMMT 2007 A1 4A1                 | CUSIP: 46630GAM7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5560 | PA      | $5584.04      | 0.01%             | 2035-07-25      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| TOPAZ SOLAR FARMS LLC                                                   | TOPAZ SOLAR FARMS LLC SR SECURED 144A 09/39 4.875          | CUSIP: 89054XAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    238151 | PA      | $210763.64    | 0.29%             | 2039-09-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | MIZUHO SECURITIES USAFIXED INC REPO - 19Dec25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -265304 | PA      | $-265744.39   | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| UCFC MANU HOUSING 1996-1                                                | UCFC MANUFACTURED HOUSING CONT UCFCM 1996 1 M              | CUSIP: 90263AAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     14433 | PA      | $14296.70     | 0.02%             | 2028-01-15      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | UBS SECURITIES LLC REPO - 10Sep25                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -720362 | PA      | $-732278.69   | -1.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CONSECO FINANCE SECURITIZATION 2000-5                                   | CONSECO FINANCE SECURITIZATION CNF 2000 5 A6               | CUSIP: 20846QEQ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    323802 | PA      | $64902.31     | 0.09%             | 2031-05-01      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| ABSLT DE 2024 LLC                                                       | ABSLT DE 2024 LLC CLN 2024 1 05/33 1                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1219926.01   | 1.67%             | 2033-05-20      | Floating      | 12.82%                | No            |                  3 | On Loan: No      |
| MERRILL LYNCH MTGE INVESTORS 2004-A1                                    | MERRILL LYNCH MORTGAGE INVESTO MLMI 2004 A1 2A2            | CUSIP: 59020UAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1610 | PA      | $1533.76      | 0.00%             | 2034-02-25      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| NATIXIS COMMERCIAL MORTGAGE SECURITIES TRUST 2017-75B                   | NATIXIS COMMERCIAL MORTGAGE SE NCMS 2017 75B E 144A        | CUSIP: 63874EAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1197000 | PA      | $630032.69    | 0.86%             | 2037-04-10      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TRUST INC 2005-5                                    | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 5 3A2A            | CUSIP: 17307GZG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    778777 | PA      | $689222.91    | 0.94%             | 2035-10-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2021-HTL5          | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 HTL5 H 144A      | CUSIP: 46654PAU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $858979.26    | 1.17%             | 2038-11-15      | Floating      | 10.97%                | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2006-5                                         | BEAR STEARNS ALT A TRUST BALTA 2006 5 2A2                  | CUSIP: 073873AK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    173208 | PA      | $79312.11     | 0.11%             | 2036-08-25      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | MIZUHO SECURITIES USAFIXED INC REPO - 19Dec25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -633025 | PA      | $-634075.35   | -0.87%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2005-4                                    | COUNTRYWIDE ASSET BACKED CERTI CWL 2005 4 MV7              | CUSIP: 126673R53<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2210027 | PA      | $1850041.58   | 2.53%             | 2035-10-25      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| SYNIVERSE CORPORATION                                                   | SYNIVERSE PFD PIK PFDJJZ917                                | CUSIP: 936UVD902<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    448404 | NS      | $424391.96    | 0.58%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CREDIT SUISSE MRTG CAPITAL CERT 2006-4                                  | CREDIT SUISSE MORTGAGE TRUST CSMC 2006 4 9A1               | CUSIP: 12637HAY4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    142946 | PA      | $59663.58     | 0.08%             | 2036-05-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| US RENAL CARE INC                                                       | US RENAL CARE INC SR SECURED 144A 06/28 10.625             | CUSIP: 90355YAA5<br>LEI: 54930058SS5MF69JGN89 | Long             | DBT              | CORP              | US        |    249200 | PA      | $213377.50    | 0.29%             | 2028-06-28      | Fixed         | 10.62%                | No            |                  2 | On Loan: No      |
| INDYMAC RESIDENTIAL ASSET BACKED 2007-A                                 | INDYMAC RESIDENTIAL ASSET BACK INABS 2007 A 2A3            | CUSIP: 43710BAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2936882 | PA      | $1988666.94   | 2.72%             | 2037-04-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFRF USD SF+26.161/3.00 9/19/23-15Y* CME                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $624157.58    | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| SOFI PROFESSIONAL LOAN PROGRAM LLC 2017-D                               | SOCIAL PROFESSIONAL LOAN PROGR SOFI 2017 D R1 144A         | CUSIP: 78471C109<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    339000 | PA      | $25995.85     | 0.04%             | 2040-09-25      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| CBA COMMERCIAL SMALL BALANCE CMM 2006-2A                                | CBS COMMERCIAL SMALL BALANCE C CBAC 2006 2A A 144A         | CUSIP: 14983CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     63048 | PA      | $60596.86     | 0.08%             | 2039-01-25      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| CITIGROUP/DEUTSCHE BK COMM MTGE 2006-CD3                                | CD COMMERCIAL MORTGAGE TRUST CD 2006 CD3 AJ                | CUSIP: 14986DAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     48274 | PA      | $45448.94     | 0.06%             | 2048-10-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| DATABRICKS INC                                                          | DATABRICKS INC DELAYED DRAW TERM LOAN                      | CUSIP: BA000D1C1<br>LEI: 984500FEDAC7FBD96273 | Long             | LON              | CORP              | US        |     90611 | PA      | $91517.46     | 0.12%             | 2031-01-03      | Floating      | 1.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                     | MIZUHO SECURITIES USAFIXED INC REPO - 19Dec25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -2100647 | PA      | $-2104131.99  | -2.87%            |  |  |  | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                      | NEWFOLD DIGITAL HLDGS GR SR UNSECURED 144A 02/29 6         | CUSIP: 29279XAA8<br>LEI: 549300UTQC2651SB0W88 | Long             | DBT              | CORP              | US        |    300000 | PA      | $175500.00    | 0.24%             | 2029-02-15      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                     | CREDIT AGRICOLE SECURITIES (US REPO - 04Sep25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -174230 | PA      | $-174856.03   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| MFA 2022-RPL1 TRUST                                                     | MFRA TRUST MFRA 2022 RPL1 M1 144A                          | CUSIP: 55285TAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $837745.60    | 1.14%             | 2061-08-25      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| DBGS 2021-W52 MORTGAGE TRUST                                            | DBGS MORTGAGE TRUST DBGS 2021 W52 XCP 144A                 | CUSIP: 23308LAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        | 147870000 | PA      | $162.66       | 0.00%             | 2036-10-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2005-5                                         | BEAR STEARNS ALT A TRUST BALTA 2005 5 26A1                 | CUSIP: 07386HUN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     85590 | PA      | $60914.95     | 0.08%             | 2035-07-25      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFRF USD SF+26.161/1.3* 07/19/23-8Y CME                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $13275.58     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFRF USD SF+26.161/1.6* 7/16/23-27Y* CME                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $166190.20    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| MASTR ASSET SECURITIZATION TRUST 2006-2                                 | MASTR ASSET SECURITIZATION TRU MASTR 2006 2 1A11           | CUSIP: 55274QAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140883 | PA      | $79609.13     | 0.11%             | 2036-06-25      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| HSI ASSET SEC CORP TRUST 2006-HE2                                       | HSI ASSET SECURITIZATION CORPO HASC 2006 HE2 2A3           | CUSIP: 44328BAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4107304 | PA      | $982864.72    | 1.34%             | 2036-12-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA LIMITED                                               | TRANSOCEAN AQUILA LTD SR SECURED 144A 09/28 8              | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    326154 | PA      | $329601.95    | 0.45%             | 2028-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-ASH8          | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 ASH8 F 144A      | CUSIP: 46649JAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    740506 | PA      | $704386.73    | 0.96%             | 2035-02-15      | Floating      | 8.61%                 | No            |                  2 | On Loan: No      |
| AMSURG LLC                                                              | ENVISION HEALTHCARE CORPORTION 2023 1ST LIEN FIRST OUT TL  | CUSIP: 949ABEII2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     81351 | PA      | $81350.57     | 0.11%             | 2026-11-03      | Floating      | 11.11%                | No            |                  3 | On Loan: No      |
| PEOPLE'S FINANCE REALTY MTGE SEC 2006-1                                 | PEOPLE S FINANCIAL REALTY MORT PFRMS 2006 1 1A2            | CUSIP: 71103XAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5580671 | PA      | $1038403.23   | 1.42%             | 2036-09-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| SPECIALTY BUILDING PRODUCTS HOLDINGS LLC / SBP FINANCE CORP             | SPECIALTY BUILDING PRODU SR SECURED 144A 10/29 7.75        | CUSIP: 84749AAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $98363.16     | 0.13%             | 2029-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | 3 MONTH SOFR FUT  MAR26 XCME 20260616                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |        -1 | NC      | $3144.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET SEC TRUST 2007-A1                                     | RESIDENTIAL ASSET SECURITIZATI RAST 2007 A1 A8             | CUSIP: 761136AH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    182304 | PA      | $53725.24     | 0.07%             | 2037-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE TRUST 2020-C6                              | BARCLAYS COMMERCIAL MORTGAGE S BBCMS 2020 C6 F5TA 144A     | CUSIP: 05492TBF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $847684.70    | 1.16%             | 2053-02-15      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| EQUINITI (ARMOR HOLDCO INC)                                             | ARMOR HOLDCO INC COMPANY GUAR 144A 11/29 8.5               | CUSIP: 04625PAA9<br>LEI: 254900X6HLK0YPTHHF09 | Long             | DBT              | CORP              | US        |    200000 | PA      | $191860.74    | 0.26%             | 2029-11-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS 2007-QS10                                    | RESIDENTIAL ACCREDIT LOANS, IN RALI 2007 QS10 A1           | CUSIP: 74924DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     97298 | PA      | $81195.17     | 0.11%             | 2037-09-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LN TR 2007-24                                   | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2007 24 A1            | CUSIP: 02151GAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3338146 | PA      | $701867.50    | 0.96%             | 2037-10-25      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| BCAP LLC TRUST 2011-R11                                                 | BCAP LLC TRUST BCAP 2011 R11 8A7 144A                      | CUSIP: 05533FCN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     38338 | PA      | $32008.24     | 0.04%             | 2036-07-26      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| NATIXIS COMMERCIAL MORTGAGE SECURITIES TRUST 2022-RRI                   | NATIXIS COMMERCIAL MORTGAGE SE NCMS 2022 RRI D 144A        | CUSIP: 63875JAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    262500 | PA      | $262842.77    | 0.36%             | 2035-03-15      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CREDIT AGRICOLE SECURITIES (US REPO - 04Sep25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -182101 | PA      | $-182755.26   | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| CLOVER HOLDINGS SPV III LLC                                             | CLOVER HOLDINGS SPV III LLC 2024 USD TERM LOAN             | CUSIP: BA000CCJ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     26408 | PA      | $26374.98     | 0.04%             | 2027-12-09      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| JP MORGAN ALTERNATIVE LN TRUST 2006-S1                                  | J.P. MORGAN ALTERNATIVE LOAN T JPALT 2006 S1 1A19          | CUSIP: 46627MER4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    694989 | PA      | $356479.79    | 0.49%             | 2036-03-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INSULET CORPORATION                                                     | INSULET CORPORATION SR UNSECURED 144A 04/33 6.5            | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104329.10    | 0.14%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA7                                 | FREDDIE MAC   STACR STACR 2021 DNA7 B2 144A                | CUSIP: 35564KNE5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1100000 | PA      | $1177714.56   | 1.61%             | 2041-11-25      | Floating      | 12.11%                | No            |                  2 | On Loan: No      |
| N/A                                                                     | THE BANK OF NEW YORK MELLON REPO - 07Jul25                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -805359 | PA      | $-816084.16   | -1.11%            |  |  |  | No            |                  2 | On Loan: No      |
| VICI PROPERTIES INC                                                     | VICI PROPERTIES INC REIT USD.01                            | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     13531 | NS      | $441110.60    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                     | UBS SECURITIES LLC REPO - 19Nov25                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -98663 | PA      | $-99288.99    | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | CREDIT AGRICOLE SECURITIES (US REPO - 17Sep25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -668454 | PA      | $-669764.56   | -0.91%            |  |  |  | No            |                  2 | On Loan: No      |
| SYNIVERSE HOLDINGS LLC                                                  | SYNIVERSE HOLDINGS, LLC 2022 TERM LOAN                     | CUSIP: 87168TAB7<br>LEI: 549300CYZBHMZC8VLL59 | Long             | LON              | CORP              | US        |   1072659 | PA      | $1021256.97   | 1.39%             | 2027-05-13      | Floating      | 11.30%                | No            |                  2 | On Loan: No      |
| FANNIE MAE 2020-37                                                      | FANNIE MAE FNR 2020 37 IA                                  | CUSIP: 3136B9T56<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    547542 | PA      | $106896.25    | 0.15%             | 2050-06-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | UBS SECURITIES LLC REPO - 08Jul25                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -352959 | PA      | $-357406.58   | -0.49%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFRF USD SF+26.161/1.70 7/12/23-6Y* CME                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-134574.60   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| LEALAND FINANCE COMPANY BV                                              | LEALAND FINANCE COMPANY B.V. 2020 TAKE BACK TL             | CUSIP: N5200EAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    223897 | PA      | $117546.05    | 0.16%             | 2025-06-30      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2005-HE1                                   | MORGAN STANLEY CAPITAL INC MSAC 2005 HE1 M3                | CUSIP: 61744CKQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     57685 | PA      | $56651.89     | 0.08%             | 2034-12-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| MULTI-COLOR CORP (LABL INC.)                                            | LABL, INC. 2021 USD 1ST LIEN TERM LOAN                     | CUSIP: 50168EAN2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | LON              | CORP              | US        |    395897 | PA      | $358039.75    | 0.49%             | 2028-10-30      | Floating      | 9.43%                 | No            |                  2 | On Loan: No      |
| VOYAGER AVIATION HOLDINGS LLC                                           | VOYAGER AVIATION HOLD SR SECURED 144A 05/26 8.5            | CUSIP: 92918XAA3<br>LEI: 549300KHOKL1CX4NIJ92 | Long             | DBT              | CORP              | US        |    990784 | PA      | $0.01         | 0.00%             | 2026-05-09      | Fixed         | 8.50%                 | No            |                  3 | On Loan: No      |
| RHP HOTEL PROPERTIES LP / RHP FINANCE CORP                              | RHP HOTEL PPTY/RHP FINAN COMPANY GUAR 144A 06/33 6.5       | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $102937.10    | 0.14%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AVIENT CORPORATION                                                      | AVIENT CORP SR UNSECURED 144A 11/31 6.25                   | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100997.30    | 0.14%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CREDIT AGRICOLE SECURITIES (US REPO - 04Sep25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -287595 | PA      | $-288613.09   | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | THE BANK OF NYDBAG LONDON GLOB REPO - 31Dec35              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -567804 | PA      | $-567892.33   | -0.78%            |  |  |  | No            |                  2 | On Loan: No      |
| DRYDEN 123 CLO LTD 2025-123A                                            | DRYDEN SENIOR LOAN FUND DRSLF 2025 123A SUB 144A           | CUSIP: 26253PAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $545282.81    | 0.74%             | 2038-04-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| COHESITY INC                                                            | CLOVER 2024 HOLDINGS INC VERITAS G PREFERRED               | CUSIP: 955EHZ901<br>LEI: 254900JU2GC36CXYYG09 | Long             | EP               | CORP              | US        |       962 | NS      | $17004.37     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BANC OF AMERICA FUNDING CORP 2004-B                                     | BANC OF AMERICA FUNDING CORPOR BAFC 2004 B 1A2             | CUSIP: 05946XHW6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     87618 | PA      | $64191.80     | 0.09%             | 2034-12-20      | Floating      | 2.79%                 | No            |                  2 | On Loan: No      |
| INCORA INTERMEDIATE II LLC                                              | INCORA TOP HOLDCO LLC CONV PIK PRE COMP                    | CUSIP: 955PRK007<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1011660 | PA      | $1402641.03   | 1.92%             | 2033-01-30      | Fixed         | 6.00%                 | Yes           |                  3 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-ASH8          | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 ASH8 D 144A      | CUSIP: 46649JAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    205696 | PA      | $194961.05    | 0.27%             | 2035-02-15      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| AMSURG (AMBULATORY TOPCO LLC)                                           | AMSURG EQUITY EQTYAS910                                    | CUSIP: 902RDL901<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81058 | NS      | $3659498.53   | 5.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                     | 3 MONTH SOFR FUT  DEC25 XCME 20260317                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |        -1 | NC      | $3869.41      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2004-AR8                                              | WAMU MORTGAGE PASS THROUGH CER WAMU 2004 AR8 A3            | CUSIP: 92922FUP1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    132440 | PA      | $132128.65    | 0.18%             | 2044-06-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG 25-2A                                                  | DEUTSCHE BANK AG CRFT 2025 2A CLN 144A                     | CUSIP: ACI2Y11S9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 0.68%             | 2035-01-21      | Floating      | 11.56%                | No            |                  3 | On Loan: No      |
| WINDSTREAM HOLDINGS II LLC                                              | WINDSTREAM UNITS EQUITY                                    | CUSIP: 952YSX903<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43518 | NS      | $853030.31    | 1.16%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                     | ABX.HE.PENAAA.07-1 SP GST                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |         1 | NC      | $-7921.47     | -0.01%            |  |  |  | No            |                  3 | On Loan: No      |
| MLCC MORTGAGE INVESTORS INC 2005-3                                      | MLCC MORTGAGE INVESTORS INC MLCC 2005 3 1A                 | CUSIP: 59020UL37<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     32248 | PA      | $31264.44     | 0.04%             | 2035-11-25      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/1.75000 12/21/22-30Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $1074033.20   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | GOLDMAN SACHS BANK USA 2 REPO - 04Mar26                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -522057 | PA      | $-524201.32   | -0.72%            |  |  |  | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP INC                                              | PERFORMANCE FOOD GROUP I PERFORMANCE FOOD GROUP I          | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102418.40    | 0.14%             | 2032-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BNP PARIBAS NY BRANCHPARIS BON REPO - 23Oct25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -1602278 | PA      | $-1618709.07  | -2.21%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 4988                                                 | FREDDIE MAC FHR 4988 LI                                    | CUSIP: 3137FUQK3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3684877 | PA      | $881291.38    | 1.20%             | 2050-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | UBS SECURITIES LLC REPO - 08Jul25                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -4067060 | PA      | $-4119253.66  | -5.62%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES K071       | FHLMC MULTIFAMILY STRUCTURED P FHMS K071 X3                | CUSIP: 3137FCLG7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1027000 | PA      | $45414.35     | 0.06%             | 2045-11-25      | Variable      | 2.08%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | 3 MONTH SOFR FUT  SEP25 XCME 20251216                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |        -1 | NC      | $4742.37      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/2.30000 01/17/24-2Y LCH                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $5938.48      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DATABRICKS INC                                                          | DATABRICKS INC LAST OUT TERM LOAN                          | CUSIP: BA000D206<br>LEI: 984500FEDAC7FBD96273 | Long             | LON              | CORP              | US        |    409389 | PA      | $413482.53    | 0.56%             | 2031-01-03      | Floating      | 8.82%                 | No            |                  3 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2006-HE8                                   | MORGAN STANLEY CAPITAL INC MSAC 2006 HE8 A2C               | CUSIP: 61750SAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7837941 | PA      | $3420416.98   | 4.67%             | 2036-10-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORPORATION                                                    | DISH DBS CORP SR SECURED 144A 12/26 5.25                   | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    660000 | PA      | $600187.50    | 0.82%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CS FIRST BOSTON MTG SEC 2003-1                                          | CREDIT SUISSE FIRST BOSTON MOR CSFB 2003 1 1A1             | CUSIP: 2254W0FJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     23270 | PA      | $24136.37     | 0.03%             | 2033-02-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LEHMAN MORTGAGE TRUST 2006-2                                            | LEHMAN MORTGAGE TRUST LMT 2006 2 1A1                       | CUSIP: 52520MGG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    137312 | PA      | $85618.51     | 0.12%             | 2036-04-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL FUNDING MTG SEC I 2006-S5                                   | RESIDENTIAL FUNDING MTG SEC I RFMSI 2006 S5 A12            | CUSIP: 74957EAM9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     74325 | PA      | $63689.19     | 0.09%             | 2036-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/4.50000 03/20/24-6Y* CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $504323.66    | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BARCLAYS BANK PLC LONDON BRANC REPO - 04Aug25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -608250 | PA      | $-621965.36   | -0.85%            |  |  |  | No            |                  2 | On Loan: No      |
| SVF II FINCO (CAYMAN) LP                                                | SOFTBANK VISION FUND II FIXED TERM LOAN                    | CUSIP: 944YFGII6<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    502438 | PA      | $502438.37    | 0.69%             | 2025-12-21      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                     | RFRF USD SF+26.161/0.50 9/16/23-5Y* CME                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-12672.67    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| REGAL TRUST IV 1999-1                                                   | REGAL TRUST IV REGAL 1999 1 A 144A                         | CUSIP: 758842AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7382 | PA      | $6956.30      | 0.01%             | 2031-09-29      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                      | ENDURANCE INTERNATIONAL GROUP NON COOP TERM LOAN           | CUSIP: 29279UAB2<br>LEI: 549300UTQC2651SB0W88 | Long             | LON              | CORP              | US        |    189018 | PA      | $145543.92    | 0.20%             | 2028-02-10      | Floating      | 7.93%                 | No            |                  3 | On Loan: No      |
| N/A                                                                     | RFRF USD SF+26.161/1.4* 04/07/21-30Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $594867.13    | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC MILITARY HOUSING BONDS RESEC TRUST 2015-R1                  | FREDDIE MAC MILITARY HOUSING B FMMHR 2015 R1 XA1 144A      | CUSIP: 35563CAB4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5793615 | PA      | $350514.28    | 0.48%             | 2055-11-25      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| BANC OF AMERICA ALT LOAN TRUST 2007-1                                   | BANC OF AMERICA ALTERNATIVE LO BOAA 2007 1 2A1             | CUSIP: 059496AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     55212 | PA      | $49176.61     | 0.07%             | 2037-04-25      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| WAMU MTGE P/T CERT 2007-HY2                                             | WAMU MORTGAGE PASS THROUGH CER WAMU 2007 HY2 1A1           | CUSIP: 92926UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    137622 | PA      | $125094.38    | 0.17%             | 2036-12-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| TBW MTGE BACKED PASS THRU CERT 2006-2                                   | TBW MORTGAGE BACKED PASS THROU TBW 2006 2 4A1              | CUSIP: 878048AH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    102001 | PA      | $35200.70     | 0.05%             | 2036-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ENTERTAINMENT PARTNERS (EP PURCHASER LLC)                               | EP PURCHASER LLC 2023 TERM LOAN                            | CUSIP: 26881KAD6<br>LEI: 549300GGODRVQG1GH476 | Long             | LON              | CORP              | US        |     99239 | PA      | $97998.12     | 0.13%             | 2028-11-06      | Floating      | 9.06%                 | No            |                  2 | On Loan: No      |
| CVS PASS-THROUGH TRUST                                                  | CVS PASS THROUGH TRUST PASS THRU CE 01/28 5.88             | CUSIP: 126650BC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    386581 | PA      | $391740.82    | 0.53%             | 2028-01-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BNP PARIBAS NY BRANCHPARIS BON REPO - 23Oct25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -2606178 | PA      | $-2632903.70  | -3.59%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2007-4                                           | COUNTRYWIDE HOME LOANS CWHL 2007 4 1A1                     | CUSIP: 12544RAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    176180 | PA      | $76268.99     | 0.10%             | 2037-05-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                             | PACIFIC GAS + ELECTRIC 1ST MORTGAGE 03/45 4.3              | CUSIP: 694308HL4<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    463000 | PA      | $349930.20    | 0.48%             | 2045-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING CORP 2006-B                                     | BANC OF AMERICA FUNDING CORPOR BAFC 2006 B 7A1             | CUSIP: 058928AN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     30807 | PA      | $27007.85     | 0.04%             | 2036-03-20      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS  COMM MTGE SEC 2006-T24                                    | BEAR STEARNS COMMERCIAL MORTGA BSCMS 2006 T24 B 144A       | CUSIP: 07388NAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17485 | PA      | $17090.03     | 0.02%             | 2041-10-12      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SG AMERICAS SECURITIES LLC REPO - 24Sep25                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -364164 | PA      | $-364499.39   | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |
| DISH DBS CORPORATION                                                    | DISH DBS CORP SR SECURED 144A 12/28 5.75                   | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $347000.00    | 0.47%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WESTMET GROUP HOLDINGS LLC                                              | EQTYWM927 WESTMORELAND MINING                              | CUSIP: 952XGJII0<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16748 | NS      | $39253.41     | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| COREWEAVE COMPUTE ACQUISITION CO II LLC                                 | COREWEAVE CMPTE ACQU CO II LLC 2024 DELAYED DRAW TERM LOAN | CUSIP: BA0004JK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    800000 | PA      | $818748.53    | 1.12%             | 2029-05-30      | Floating      | 6.88%                 | No            |                  3 | On Loan: No      |
| N/A                                                                     | BNP PARIBAS NY BRANCHPARIS BON REPO - 23Oct25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -1321570 | PA      | $-1335122.73  | -1.82%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SCOTIA CAPITAL (USA) INC.AS AG REPO - 31Dec35              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -283572 | PA      | $-285164.37   | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| PADAGIS LLC                                                             | PADAGIS LLC TERM LOAN B                                    | CUSIP: 69526PAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    345966 | PA      | $325208.28    | 0.44%             | 2028-07-06      | Floating      | 9.27%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICES INC                                           | PRIME HEALTHCARE SERVICE PRIME HEALTHCARE SERVICE          | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $496605.00    | 0.68%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE CAPITAL CERT 2006                                | CREDIT SUISSE MORTGAGE TRUST CSMC 2006 3 1A4A              | CUSIP: 225470M67<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    126053 | PA      | $65775.33     | 0.09%             | 2036-04-25      | Variable      | 6.40%                 | No            |                  2 | On Loan: No      |
| EXELA INTERMEDIATE LLC / EXELA FINANCE INC                              | EXELA INTERMED/EXELA FIN SR SECURED 144A 04/26 11.5        | CUSIP: 30162RAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15220 | PA      | $761.00       | 0.00%             | 2026-04-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| US RENAL CARE INC                                                       | U S RENAL CARE INC 2023 SUPERPRIORITY TERM LOAN            | CUSIP: 90290PAS3<br>LEI: 54930058SS5MF69JGN89 | Long             | LON              | CORP              | US        |   2038480 | PA      | $1934853.73   | 2.64%             | 2028-06-20      | Floating      | 9.44%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BOFA SECURITIES, INC.  FIXED I REPO - 31Dec35              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -305905 | PA      | $-311416.68   | -0.43%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 4265                                                 | FREDDIE MAC FHR 4265 IA                                    | CUSIP: 3137B5RQ8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     99976 | PA      | $3272.50      | 0.00%             | 2040-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                   | QUIKRETE HOLDINGS INC SR UNSECURED 144A 03/33 6.75         | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103245.10    | 0.14%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | TREASURY BILL 08/25 0.00000                                | CUSIP: 912797MG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    286000 | PA      | $284752.02    | 0.39%             | 2025-08-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ADJUSTABLE RT MTGE LN 2005-23                                | STRUCTURED ADJUSTABLE RATE MOR SARM 2005 23 3A1            | CUSIP: 863579L48<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    156410 | PA      | $86389.47     | 0.12%             | 2036-01-25      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| ASPIRE BAKERIES HOLDINGS LLC (AKA: ALPINE US BIDCO LLC)                 | ASPIRE BAKERIES HOLDINGS LLC TERM LOAN                     | CUSIP: BA00008X6<br>LEI: 549300MWN7R72KAKOD18 | Long             | LON              | CORP              | US        |    198492 | PA      | $199515.70    | 0.27%             | 2030-12-23      | Floating      | 0.23%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2006-3                                         | BEAR STEARNS ALT A TRUST BALTA 2006 3 23A1                 | CUSIP: 07386HL66<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    670629 | PA      | $621735.04    | 0.85%             | 2036-05-25      | Variable      | 4.02%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | THE BANK OF NEW YORK MELLON REPO - 14Oct25                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -615155 | PA      | $-616794.86   | -0.84%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BNP PARIBAS NY BRANCHPARIS BON REPO - 23Oct25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -1272034 | PA      | $-1285078.63  | -1.75%            |  |  |  | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS 2005-QS10                                    | RESIDENTIAL ACCREDIT LOANS, IN RALI 2005 QS10 2A           | CUSIP: 761118CW6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     91256 | PA      | $81038.20     | 0.11%             | 2035-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GE CAPITAL MTG SERVICES 1999-HE1                                        | GE CAPITAL MTG SERVICES INC GECMS 1999 HE1 M               | CUSIP: 36157RD93<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13057 | PA      | $11525.95     | 0.02%             | 2029-04-25      | Fixed         | 6.71%                 | No            |                  2 | On Loan: No      |
| IVANTI SOFTWARE INC                                                     | IVANTI SOFTWARE INC 2025 1ST LIEN TERM LOAN                | CUSIP: 46583DAH2<br>LEI: 254900GHAXAYKWDX9F60 | Long             | LON              | CORP              | US        |   1168776 | PA      | $974835.41    | 1.33%             | 2029-06-01      | Floating      | 9.02%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CREDIT AGRICOLE SECURITIES (US REPO - 10Jul25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -684381 | PA      | $-691623.72   | -0.94%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/3.75000 12/20/23-5Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $17169.18     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2017-ASHF                                | MORGAN STANLEY CAPITAL I TRUST MSC 2017 ASHF F 144A        | CUSIP: 61691KAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $379168.36    | 0.52%             | 2034-11-15      | Floating      | 8.96%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BARCLAYS BANK PLC LONDON BRANC REPO - 22Oct25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -418908 | PA      | $-419355.18   | -0.57%            |  |  |  | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                                    | LIFEPOINT HEALTH INC SR SECURED 144A 10/30 11              | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    500000 | PA      | $552223.00    | 0.75%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| MULTIPLAN INC (MPH ACQUISITION HOLDINGS LLC)                            | MPH ACQUISITION HOLDINGS SR SECURED 144A 12/30 5.75        | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |     62699 | PA      | $51700.97     | 0.07%             | 2030-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NUVEEN CHURCHILL DIRECT LENDING CORP                                    | NUVEEN CHURCHILL DIRECT SR UNSECURED 03/30 6.65            | CUSIP: 67090SAA6<br>LEI: 254900X3ULEP6XX7HG39 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1027499.74   | 1.40%             | 2030-03-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2022-ONL                          | WELLS FARGO COMMERCIAL MORTGAG WFCM 2022 ONL C 144A        | CUSIP: 95003WAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1042000 | PA      | $959316.26    | 1.31%             | 2039-12-15      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| X CORPORATION                                                           | TWITTER INC TERM LOAN                                      | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    960008 | PA      | $939084.47    | 1.28%             | 2029-10-26      | Floating      | 10.93%                | No            |                  2 | On Loan: No      |
| MLCC MORTGAGE INVESTORS INC 2005-B                                      | MLCC MORTGAGE INVESTORS INC MLCC 2005 B A1                 | CUSIP: 59020UWU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7504 | PA      | $6955.29      | 0.01%             | 2030-07-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| AL GCX HOLDINGS LLC                                                     | AL GCX HOLDINGS, LLC TERM LOAN B                           | CUSIP: 00162DAB1<br>LEI: 2549009G4C2J89LNWS21 | Long             | LON              | CORP              | US        |    488443 | PA      | $489793.70    | 0.67%             | 2029-05-17      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | THE BANK OF NYDBAG LONDON GLOB REPO - 22Aug25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -222987 | PA      | $-223213.00   | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| PIMCO FUNDS                                                             | PIMCO PRV SHORT TERM FLT III MUTUAL FUND                   | CUSIP: 000000000<br>LEI: LWVQWTQCFH3YG7CVH718 | Long             | STIV             | RF                | US        |    730474 | PA      | $7112623.36   | 9.71%             |  |  |  | No            |                  1 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2005-HYB9                                        | COUNTRYWIDE HOME LOANS CWHL 2005 HYB9 3A2A                 | CUSIP: 126670JY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1839 | PA      | $1598.86      | 0.00%             | 2036-02-20      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | MIZUHO SECURITIES USAFIXED INC REPO - 19Dec25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -300161 | PA      | $-300658.58   | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |
| CHL MORTGAGE PASS-THROUGH TRUST 2006-TM1                                | COUNTRYWIDE HOME LOANS CWHL 2006 TM1 A1                    | CUSIP: 126694U97<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    197835 | PA      | $147927.47    | 0.20%             | 2046-03-25      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TR INC 2007-AMC1                                    | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 AMC1 A1 144A      | CUSIP: 17311BAS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    965546 | PA      | $529229.12    | 0.72%             | 2036-12-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| SOUNDVIEW HOME EQUITY LOAN TR 2007-OPT5                                 | SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2007 OPT5 2A2          | CUSIP: 83613FAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1407588 | PA      | $1086015.45   | 1.48%             | 2037-10-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| CLARITEV CORPORATION                                                    | CLARITEV CORP SR SECURED 144A 03/31 6.75                   | CUSIP: 62548MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    541340 | PA      | $381644.70    | 0.52%             | 2031-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERTIFICATES 2006-ABC1                         | COUNTRYWIDE ASSET BACKED CERTI CWL 2006 ABC1 A3            | CUSIP: 23242NAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6533031 | PA      | $5537864.97   | 7.56%             | 2036-05-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| PETSMART INC / PETSMART FINANCE CORP                                    | PETSMART INC/PETSMART FI COMPANY GUAR 144A 02/29 7.75      | CUSIP: 71677KAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $194544.42    | 0.27%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORP II 2010-C1                                  | GS MORTGAGE SECURITIES TRUST GSMS 2010 C1 X 144A           | CUSIP: 36249KAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1712042 | PA      | $25.17        | 0.00%             | 2043-08-10      | Variable      | 0.53%                 | No            |                  2 | On Loan: No      |
| HSI ASSET SECUR CORP TRUST 2007-HE2                                     | HSI ASSET SECURITIZATION CORPO HASC 2007 HE2 2A1           | CUSIP: 40430RAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2621055 | PA      | $1297562.58   | 1.77%             | 2037-04-25      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| MULTIPLAN INC (MPH ACQUISITION HOLDINGS LLC)                            | MPH ACQUISITION HOLDINGS SR SECURED 144A 12/30 11.5        | CUSIP: 553283AF9<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |     95960 | PA      | $95236.46     | 0.13%             | 2030-12-31      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| N/A                                                                     | UBS SECURITIES LLC REPO - 08Jul25                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -814090 | PA      | $-824347.59   | -1.13%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TR INC 2007-SHL1                                    | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 SHL1 M1 144A      | CUSIP: 17312WAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $897622.00    | 1.23%             | 2046-11-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| BGC GROUP INC                                                           | BGC GROUP INC SR UNSECURED 06/29 6.6                       | CUSIP: 05555LAB7<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103681.60    | 0.14%             | 2029-06-10      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| MORTGAGE EQUITY CONVER ASSET TR 2010-1A                                 | MORTGAGE EQUITY CONVERSION ASS MECA 2010 1A A 144A         | CUSIP: 61911BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     27941 | PA      | $26374.60     | 0.04%             | 2060-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 245 PARK AVENUE TRUST 2017-245P                                         | PARK AVENUE TRUST PRKAV 2017 245P E 144A                   | CUSIP: 90187LAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    655000 | PA      | $613252.79    | 0.84%             | 2037-06-05      | Variable      | 3.78%                 | No            |                  2 | On Loan: No      |
| IHEARTMEDIA INC                                                         | IHEARTMEDIA INC   CLASS B COMMON STOCK                     | CUSIP: 45174J608<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20009 | NS      | $30989.94     | 0.04%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                     | WINDSTREAMWARRANTS SLDENVWINDSTREAMWARRANTS                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      8652 | NC      | $169594.61    | 0.23%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                     | RFRF USD SF+26.161/2.00 7/15/23-27Y* CME                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $35489.17     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BOMBARDIER CAPITAL MTGE SEC BCM 2000 A                                  | BOMBARDIER CAPITAL MORTGAGE SE BCM 2000 A A3               | CUSIP: 09774XBP6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1184532 | PA      | $86846.95     | 0.12%             | 2030-06-15      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | ABX.HE.AA.06-1 SP GST                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |         1 | NC      | $-106549.94   | -0.15%            |  |  |  | No            |                  3 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP 2011-C3             | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2011 C3 XB 144A       | CUSIP: 46635TAR3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  50164945 | PA      | $198945.14    | 0.27%             | 2046-02-15      | Fixed         | 0.49%                 | No            |                  3 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA6                                 | FREDDIE MAC   STACR STACR 2021 DNA6 B2 144A                | CUSIP: 35564KLV9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1100000 | PA      | $1169652.11   | 1.60%             | 2041-10-25      | Floating      | 11.81%                | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2007-1                                         | BEAR STEARNS ALT A TRUST BALTA 2007 1 21A1                 | CUSIP: 07386XAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20036 | PA      | $9696.35      | 0.01%             | 2047-01-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| AIM AVIATION FINANCE LIMITED 2015-1A                                    | DCAL AVIATION FINANCE LIMITED DCAL 2015 1A A1 144A         | CUSIP: 001406AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    552578 | PA      | $527723.05    | 0.72%             | 2040-02-15      | Variable      | 6.21%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-5                                       | VERUS SECURITIZATION TRUST VERUS 2024 5 B2 144A            | CUSIP: 92540HAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $496416.00    | 0.68%             | 2069-06-25      | Variable      | 7.79%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ADJ RATE MTGE LOAN 2006-8                                    | STRUCTURED ADJUSTABLE RATE MOR SARM 2006 8 4A3             | CUSIP: 86361JAY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12047 | PA      | $10775.87     | 0.01%             | 2036-09-25      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | 3 MONTH SOFR FUT  JUN25 XCME 20250916                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |        -2 | NC      | $10860.97     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WORLDWIDE PLAZA TRUST 2017-WWP                                          | WORLDWIDE PLAZA TRUST WPT 2017 WWP F 144A                  | CUSIP: 98162JAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2400000 | PA      | $126025.20    | 0.17%             | 2036-11-10      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| CDK GLOBAL (CENTRAL PARENT LLC)                                         | CENTRAL PARENT INC 2024 TERM LOAN B                        | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    596992 | PA      | $500011.05    | 0.68%             | 2029-07-06      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| LEHMAN XS TRUST 2005-6                                                  | LEHMAN XS TRUST LXS 2005 6 3A3A                            | CUSIP: 525221DJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    654225 | PA      | $284969.16    | 0.39%             | 2035-11-25      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| CHASE MORTGAGE FINANCE CORP 2007-S2                                     | CHASE MORTGAGE FINANCE CORPORA CHASE 2007 S2 1A4           | CUSIP: 16163EAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    154641 | PA      | $83291.91     | 0.11%             | 2037-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ASSET BACKED SEC CORP HOME EQ 1999-LB1                                  | ASSET BACKED SECURITIES CORP H ABSHE 1999 LB1 B1           | CUSIP: 04541GAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     57541 | PA      | $55004.91     | 0.08%             | 2029-06-21      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/4.25000 03/20/24-5Y* CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $247229.39    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| INDYMAC INDA MORTGAGE LOAN TRUST 2007-AR2                               | INDYMAC INDA MORTGAGE LOAN TRU INDA 2007 AR2 A1            | CUSIP: 456679AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     79642 | PA      | $63732.86     | 0.09%             | 2037-06-25      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| ASURION LLC (AKA: ASURION CORP)                                         | ASURION LLC 2022 TERM LOAN B10                             | CUSIP: 04649VBB5<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    299231 | PA      | $295511.33    | 0.40%             | 2028-08-19      | Floating      | 8.43%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | THE BANK OF NEW YORK MELLON REPO - 07Jul25                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -348663 | PA      | $-353306.32   | -0.48%            |  |  |  | No            |                  2 | On Loan: No      |
| ADJUSTABLE RATE MORTAGE TRUST 2005-10                                   | ADJUSTABLE RATE MORTGAGE TRUST ARMT 2005 10 1A1            | CUSIP: 007036TA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     44231 | PA      | $41835.02     | 0.06%             | 2036-01-25      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2006-11                                   | COUNTRYWIDE ASSET BACKED CERTI CWL 2006 11 MV1             | CUSIP: 12666TAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4124081 | PA      | $3274832.40   | 4.47%             | 2046-09-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BARCLAYS BANK PLC LONDON BRANC REPO - 22Oct25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -608328 | PA      | $-608977.39   | -0.83%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI FIBER HOLDINGS INC / CSL CAPITAL LLC             | UNITI GRP/UNITI HLD/CSL COMPANY GUAR 144A 01/30 6          | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1065000 | PA      | $998816.11    | 1.36%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2021-ESH                                    | EXTENDED STAY AMERICA TRUST ESA 2021 ESH F 144A            | CUSIP: 30227FAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    771955 | PA      | $773279.95    | 1.06%             | 2038-07-15      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BNP PARIBAS NY BRANCHPARIS BON REPO - 22Jul25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -762762 | PA      | $-771393.92   | -1.05%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESECURITIZATION TRUST 2014-R3                           | MORGAN STANLEY REREMIC TRUST MSRR 2014 R3 3B 144A          | CUSIP: 61763PAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1569892 | PA      | $1343543.71   | 1.83%             | 2037-03-26      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY MTGE LN TR 2007-12                                       | MORGAN STANLEY MORTGAGE LOAN T MSM 2007 12 3A1             | CUSIP: 61755GAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    136134 | PA      | $44437.95     | 0.06%             | 2037-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 4990                                                 | FREDDIE MAC FHR 4990 SN                                    | CUSIP: 3137FUYG3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1258808 | PA      | $167365.90    | 0.23%             | 2050-05-25      | Floating      | 1.73%                 | No            |                  2 | On Loan: No      |
| MFA 2022-NQM1 TRUST                                                     | MFRA TRUST MFRA 2022 NQM1 B1 144A                          | CUSIP: 55284PAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $835407.60    | 1.14%             | 2066-12-25      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BNP PARIBAS NY BRANCHPARIS BON REPO - 23Oct25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -397498 | PA      | $-401559.55   | -0.55%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFRF USD SF+26.161/1.3* 07/20/23-8Y CME                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $13334.40     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2022-B                                 | SMB PRIVATE EDUCATION LOAN TRU SMB 2022 B R 144A           | CUSIP: 83206NAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       188 | PA      | $179693.26    | 0.25%             | 2055-02-16      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/3.50000 12/20/23-10Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $22908.05     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS 2006-QS7                                     | RESIDENTIAL ACCREDIT LOANS, IN RALI 2006 QS7 A1            | CUSIP: 748940AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     50815 | PA      | $40279.88     | 0.05%             | 2036-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY MORTGAGE TRUST-2004-11AR                                 | MORGAN STANLEY MORTGAGE LOAN T MSM 2004 11AR B1            | CUSIP: 61748HHP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    134425 | PA      | $118042.71    | 0.16%             | 2035-01-25      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LN TR 2005-81                                   | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 81 A1            | CUSIP: 12668BBN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     97273 | PA      | $82290.35     | 0.11%             | 2037-02-25      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TRUST INC 2005-7                                    | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 7 2A3A            | CUSIP: 17307GB80<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     51517 | PA      | $34535.57     | 0.05%             | 2035-09-25      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| ENVISION HEALTHCARE OPERATING INC                                       | ENVISION HEALTHCARE CORPORATIO 2023 EXIT TERM LOAN         | CUSIP: 29414YAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    190000 | PA      | $190950.00    | 0.26%             | 2027-12-30      | Floating      | 13.25%                | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2021-R01                            | FANNIE MAE   CAS CAS 2021 R01 1B1 144A                     | CUSIP: 20754RAF3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    800000 | PA      | $819872.32    | 1.12%             | 2041-10-25      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | BNY CLEARING SERVICES LLC REPO - 21Oct25                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -511557 | PA      | $-516948.24   | -0.71%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | BNP PARIBAS NY BRANCHPARIS BON REPO - 22Jul25              | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -757328 | PA      | $-765898.43   | -1.05%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITI GROUP INC (AKA: COMMUNICATIONS SALES & LEASING INC)               | UNITI GROUP INC REIT USD.0001                              | CUSIP: 91325V108<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               | CORP              | US        |     34736 | NS      | $150059.52    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| IHEARTMEDIA INC                                                         | IHEARTMEDIA INC   CLASS A COMMON STOCK                     | CUSIP: 45174J509<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25745 | NS      | $45311.20     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA MTG SEC 2002-E                                          | BANC OF AMERICA MORTGAGE SECUR BOAMS 2002 E A1             | CUSIP: 06050HJH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     61779 | PA      | $62268.81     | 0.09%             | 2031-06-20      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORPORATION                                                | DISH NETWORK CORP SR SECURED 144A 11/27 11.75              | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    800000 | PA      | $825276.80    | 1.13%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| N/A                                                                     | RFR USD SOFR/3.25000 06/18/25-5Y LCH                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-58578.62    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORP / JETBLUE LOYALTY LP                               | JETBLUE AIRWAYS/LOYALTY JETBLUE AIRWAYS/LOYALTY            | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $389402.51    | 0.53%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT           | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 WPT BFL 144A     | CUSIP: 46645WAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    843000 | PA      | $734885.25    | 1.00%             | 2033-07-05      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                  | VENTURE GLOBAL LNG INC SR SECURED 144A 02/32 9.875         | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    300000 | PA      | $324176.40    | 0.44%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-19

**Name of Applicant:** PCM Fund, Inc.

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer