# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001193125-25-298465
**Filing Date:** 2025-11
**Character Count:** 626373
**Document Hash:** 655027c9a764a114be32a20dd51db5ae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-298465.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001193125-25-298465

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Columbia Funds Variable Series Trust II
- **CENTRAL INDEX KEY:** 0001413032

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22127
- **FILM NUMBER:** 251524044

**BUSINESS ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 800-345-6611

**MAIL ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RiverSource Variable Series Trust
- **DATE OF NAME CHANGE:** 20070920

## Series and Classes Contracts Data

### Columbia Variable Portfolio - Balanced Fund (Series ID: S000019838)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000055675 | Columbia Variable Portfolio - Balanced Fund Class 3 |  |
| C000143976 | Columbia Variable Portfolio - Balanced Fund Class 1 |  |
| C000143977 | Columbia Variable Portfolio - Balanced Fund Class 2 |  |

## Nport-Ex

![](img65d1e7271.jpg)

Columbia Variable Portfolio – Balanced Fund

**Third Quarter Report**

September 30, 2025 (Unaudited)

Please remember that you may not buy (nor will you own) shares of the Fund directly. The Fund is available through variable annuity contracts and variable life insurance policies offered by the separate accounts of participating insurance companies as well as qualified pension and retirement plans. Please contact your financial advisor or insurance representative for more information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Not FDIC or NCUA Insured** | **No Financial Institution Guarantee** | **May Lose Value** |

---

------

Portfolio of Investments

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

(Percentages represent value of investments compared to net assets)

**Investments in securities**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency 4.8%** | **Asset-Backed Securities - Non-Agency 4.8%** | **Asset-Backed Securities - Non-Agency 4.8%** | **Asset-Backed Securities - Non-Agency 4.8%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| ACHV ABS Trust<sup>(a)</sup>  | ACHV ABS Trust<sup>(a)</sup>  | ACHV ABS Trust<sup>(a)</sup>  | ACHV ABS Trust<sup>(a)</sup>  |
| Series 2024-1PL Class A | Series 2024-1PL Class A | Series 2024-1PL Class A | Series 2024-1PL Class A |
| 04/25/2031 | &nbsp;&nbsp; 5.900% | 106020 | &nbsp;&nbsp; 107006 |
| Subordinated Series 2024-1PL Class B | Subordinated Series 2024-1PL Class B | Subordinated Series 2024-1PL Class B | Subordinated Series 2024-1PL Class B |
| 04/25/2031 | &nbsp;&nbsp; 6.340% | 176411 | &nbsp;&nbsp; 179111 |
| Affirm Asset Securitization Trust<sup>(a)</sup>  | Affirm Asset Securitization Trust<sup>(a)</sup>  | Affirm Asset Securitization Trust<sup>(a)</sup>  | Affirm Asset Securitization Trust<sup>(a)</sup>  |
| Series 2024-A Class 1A | Series 2024-A Class 1A | Series 2024-A Class 1A | Series 2024-A Class 1A |
| 02/15/2029 | &nbsp;&nbsp; 5.610% | 4125000 | &nbsp;&nbsp; 4141933 |
| Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A |
| 02/15/2029 | &nbsp;&nbsp; 5.610% | 1600000 | &nbsp;&nbsp; 1606568 |
| Series 2024-B Class A | Series 2024-B Class A | Series 2024-B Class A | Series 2024-B Class A |
| 09/15/2029 | &nbsp;&nbsp; 4.620% | 1500000 | &nbsp;&nbsp; 1505560 |
| Series 2024-X2 Class A | Series 2024-X2 Class A | Series 2024-X2 Class A | Series 2024-X2 Class A |
| 12/17/2029 | &nbsp;&nbsp; 5.220% | 342462 | &nbsp;&nbsp; 342906 |
| American Credit Acceptance Receivables Trust<sup>(a)</sup>  | American Credit Acceptance Receivables Trust<sup>(a)</sup>  | American Credit Acceptance Receivables Trust<sup>(a)</sup>  | American Credit Acceptance Receivables Trust<sup>(a)</sup>  |
| Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C |
| 10/12/2029 | &nbsp;&nbsp; 6.440% | 1011126 | &nbsp;&nbsp; 1017595 |
| Apidos CLO XI<sup>(a),(b)</sup>  | Apidos CLO XI<sup>(a),(b)</sup>  | Apidos CLO XI<sup>(a),(b)</sup>  | Apidos CLO XI<sup>(a),(b)</sup>  |
| Series 2012-11A Class BR4 | Series 2012-11A Class BR4 | Series 2012-11A Class BR4 | Series 2012-11A Class BR4 |
| &nbsp;&nbsp; 3-month Term SOFR + 1.650% <br>Floor 1.650% <br>04/17/2034<br>| &nbsp;&nbsp; 5.972% | 1925000 | &nbsp;&nbsp; 1927291 |
| Avis Budget Rental Car Funding AESOP LLC<sup>(a)</sup>  | Avis Budget Rental Car Funding AESOP LLC<sup>(a)</sup>  | Avis Budget Rental Car Funding AESOP LLC<sup>(a)</sup>  | Avis Budget Rental Car Funding AESOP LLC<sup>(a)</sup>  |
| Series 2021-1A Class A | Series 2021-1A Class A | Series 2021-1A Class A | Series 2021-1A Class A |
| 08/20/2027 | &nbsp;&nbsp; 1.380% | 4000000 | &nbsp;&nbsp; 3923284 |
| Bain Capital Credit CLO<sup>(a),(b)</sup>  | Bain Capital Credit CLO<sup>(a),(b)</sup>  | Bain Capital Credit CLO<sup>(a),(b)</sup>  | Bain Capital Credit CLO<sup>(a),(b)</sup>  |
| Series 2019-1A Class AR2 | Series 2019-1A Class AR2 | Series 2019-1A Class AR2 | Series 2019-1A Class AR2 |
| &nbsp;&nbsp; 3-month Term SOFR + 1.230% <br>Floor 1.230% <br>04/19/2034<br>| &nbsp;&nbsp; 5.556% | 1350000 | &nbsp;&nbsp; 1351932 |
| Basswood Park CLO Ltd.<sup>(a),(b)</sup>  | Basswood Park CLO Ltd.<sup>(a),(b)</sup>  | Basswood Park CLO Ltd.<sup>(a),(b)</sup>  | Basswood Park CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2025-1A Class AR | Series 2025-1A Class AR | Series 2025-1A Class AR | Series 2025-1A Class AR |
| &nbsp;&nbsp; 3-month Term SOFR + 1.030% <br>Floor 1.030% <br>04/20/2034<br>| &nbsp;&nbsp; 5.053% | 3000000 | &nbsp;&nbsp; 3002124 |
| Bayview Opportunity Master Fund VII LLC<sup>(a),(b)</sup>  | Bayview Opportunity Master Fund VII LLC<sup>(a),(b)</sup>  | Bayview Opportunity Master Fund VII LLC<sup>(a),(b)</sup>  | Bayview Opportunity Master Fund VII LLC<sup>(a),(b)</sup>  |
| Subordinated Series 2024-CAR1 Class B | Subordinated Series 2024-CAR1 Class B | Subordinated Series 2024-CAR1 Class B | Subordinated Series 2024-CAR1 Class B |
| &nbsp;&nbsp; 30-day Average SOFR + 1.300% <br>12/26/2031<br>| &nbsp;&nbsp; 5.656% | 115868 | &nbsp;&nbsp; 116199 |
| Subordinated Series 2024-CAR1 Class C | Subordinated Series 2024-CAR1 Class C | Subordinated Series 2024-CAR1 Class C | Subordinated Series 2024-CAR1 Class C |
| &nbsp;&nbsp; 30-day Average SOFR + 1.500% <br>12/26/2031<br>| &nbsp;&nbsp; 5.856% | 115868 | &nbsp;&nbsp; 116309 |
| Carbone CLO Ltd.<sup>(a),(b)</sup>  | Carbone CLO Ltd.<sup>(a),(b)</sup>  | Carbone CLO Ltd.<sup>(a),(b)</sup>  | Carbone CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2017-1A Class A1 | Series 2017-1A Class A1 | Series 2017-1A Class A1 | Series 2017-1A Class A1 |
| &nbsp;&nbsp; 3-month Term SOFR + 1.402% <br>Floor 1.140% <br>01/20/2031<br>| &nbsp;&nbsp; 5.727% | 654159 | &nbsp;&nbsp; 655206 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Cascade Funding Mortgage Trust<sup>(a)</sup>  | Cascade Funding Mortgage Trust<sup>(a)</sup>  | Cascade Funding Mortgage Trust<sup>(a)</sup>  | Cascade Funding Mortgage Trust<sup>(a)</sup>  |
| CMO Series 2021-GRN1 Class A | CMO Series 2021-GRN1 Class A | CMO Series 2021-GRN1 Class A | CMO Series 2021-GRN1 Class A |
| 03/20/2041 | &nbsp;&nbsp; 1.100% | 109055 | &nbsp;&nbsp; 108513 |
| College Ave Student Loans Trust<sup>(a)</sup>  | College Ave Student Loans Trust<sup>(a)</sup>  | College Ave Student Loans Trust<sup>(a)</sup>  | College Ave Student Loans Trust<sup>(a)</sup>  |
| Series 2024-A Class A1A | Series 2024-A Class A1A | Series 2024-A Class A1A | Series 2024-A Class A1A |
| 06/25/2054 | &nbsp;&nbsp; 5.510% | 3396974 | &nbsp;&nbsp; 3450625 |
| Drive Auto Receivables Trust | Drive Auto Receivables Trust | Drive Auto Receivables Trust | Drive Auto Receivables Trust |
| Subordinated Series 2021-2 Class D | Subordinated Series 2021-2 Class D | Subordinated Series 2021-2 Class D | Subordinated Series 2021-2 Class D |
| 03/15/2029 | &nbsp;&nbsp; 1.390% | 1118060 | &nbsp;&nbsp; 1116485 |
| Dryden CLO Ltd.<sup>(a),(b)</sup>  | Dryden CLO Ltd.<sup>(a),(b)</sup>  | Dryden CLO Ltd.<sup>(a),(b)</sup>  | Dryden CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2018-55A Class A1 | Series 2018-55A Class A1 | Series 2018-55A Class A1 | Series 2018-55A Class A1 |
| &nbsp;&nbsp; 3-month Term SOFR + 1.282% <br>Floor 1.020% <br>04/15/2031<br>| &nbsp;&nbsp; 5.599% | 460326 | &nbsp;&nbsp; 460462 |
| Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust |
| Series 2024-3A Class A3 | Series 2024-3A Class A3 | Series 2024-3A Class A3 | Series 2024-3A Class A3 |
| 12/15/2027 | &nbsp;&nbsp; 5.650% | 39983 | &nbsp;&nbsp; 40045 |
| Subordinated Series 2021-3A Class D | Subordinated Series 2021-3A Class D | Subordinated Series 2021-3A Class D | Subordinated Series 2021-3A Class D |
| 06/15/2027 | &nbsp;&nbsp; 1.550% | 1952114 | &nbsp;&nbsp; 1928941 |
| GMF Floorplan Owner Revolving Trust<sup>(a)</sup>  | GMF Floorplan Owner Revolving Trust<sup>(a)</sup>  | GMF Floorplan Owner Revolving Trust<sup>(a)</sup>  | GMF Floorplan Owner Revolving Trust<sup>(a)</sup>  |
| Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 |
| 03/15/2029 | &nbsp;&nbsp; 5.130% | 2675000 | &nbsp;&nbsp; 2716599 |
| Goldentree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | Goldentree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | Goldentree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | Goldentree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2021-10A Class AR | Series 2021-10A Class AR | Series 2021-10A Class AR | Series 2021-10A Class AR |
| &nbsp;&nbsp; 3-month Term SOFR + 1.350% <br>Floor 1.350% <br>10/20/2037<br>| &nbsp;&nbsp; 5.676% | 1425000 | &nbsp;&nbsp; 1428420 |
| GoldenTree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | GoldenTree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | GoldenTree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | GoldenTree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2024-19A Class A | Series 2024-19A Class A | Series 2024-19A Class A | Series 2024-19A Class A |
| &nbsp;&nbsp; 3-month Term SOFR + 1.500% <br>Floor 1.500% <br>04/20/2037<br>| &nbsp;&nbsp; 5.826% | 2750000 | &nbsp;&nbsp; 2759342 |
| GoodLeap Home Improvement Solutions Trust<sup>(a)</sup>  | GoodLeap Home Improvement Solutions Trust<sup>(a)</sup>  | GoodLeap Home Improvement Solutions Trust<sup>(a)</sup>  | GoodLeap Home Improvement Solutions Trust<sup>(a)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 10/20/2046 | &nbsp;&nbsp; 5.350% | 1255360 | &nbsp;&nbsp; 1271763 |
| GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  |
| Series 2025-2A Class A4 | Series 2025-2A Class A4 | Series 2025-2A Class A4 | Series 2025-2A Class A4 |
| 06/25/2060 | &nbsp;&nbsp; 4.890% | 3195691 | &nbsp;&nbsp; 3212519 |
| Hilton Grand Vacations Trust<sup>(a)</sup>  | Hilton Grand Vacations Trust<sup>(a)</sup>  | Hilton Grand Vacations Trust<sup>(a)</sup>  | Hilton Grand Vacations Trust<sup>(a)</sup>  |
| Series 2019-AA Class A | Series 2019-AA Class A | Series 2019-AA Class A | Series 2019-AA Class A |
| 07/25/2033 | &nbsp;&nbsp; 2.340% | 140620 | &nbsp;&nbsp; 138984 |
| Madison Park Funding XLII Ltd.<sup>(a),(b),(c)</sup>  | Madison Park Funding XLII Ltd.<sup>(a),(b),(c)</sup>  | Madison Park Funding XLII Ltd.<sup>(a),(b),(c)</sup>  | Madison Park Funding XLII Ltd.<sup>(a),(b),(c)</sup>  |
| Series 2013A Class AR2 | Series 2013A Class AR2 | Series 2013A Class AR2 | Series 2013A Class AR2 |
| &nbsp;&nbsp; 3-month Term SOFR + 0.920% <br>11/21/2030<br>| &nbsp;&nbsp; 4.946% | 2700000 | &nbsp;&nbsp; 2701180 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Madison Park Funding XLVIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XLVIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XLVIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XLVIII Ltd.<sup>(a),(b)</sup>  |
| Series 2021-48A Class A | Series 2021-48A Class A | Series 2021-48A Class A | Series 2021-48A Class A |
| &nbsp;&nbsp; 3-month Term SOFR + 1.412% <br>Floor 1.150% <br>04/19/2033<br>| &nbsp;&nbsp; 5.737% | 427567 | &nbsp;&nbsp; 428196 |
| Madison Park Funding XXXIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXXIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXXIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXXIII Ltd.<sup>(a),(b)</sup>  |
| Series 2019-33A Class BR | Series 2019-33A Class BR | Series 2019-33A Class BR | Series 2019-33A Class BR |
| &nbsp;&nbsp; 3-month Term SOFR + 1.800% <br>Floor 1.800% <br>10/15/2032<br>| &nbsp;&nbsp; 6.056% | 3600000 | &nbsp;&nbsp; 3604320 |
| Marlette Funding Trust<sup>(a)</sup>  | Marlette Funding Trust<sup>(a)</sup>  | Marlette Funding Trust<sup>(a)</sup>  | Marlette Funding Trust<sup>(a)</sup>  |
| Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B |
| 07/17/2034 | &nbsp;&nbsp; 6.070% | 1214429 | &nbsp;&nbsp; 1220160 |
| MMP Capital LLC<sup>(a)</sup>  | MMP Capital LLC<sup>(a)</sup>  | MMP Capital LLC<sup>(a)</sup>  | MMP Capital LLC<sup>(a)</sup>  |
| Series 2025-A Class A | Series 2025-A Class A | Series 2025-A Class A | Series 2025-A Class A |
| 12/15/2031 | &nbsp;&nbsp; 5.360% | 1533255 | &nbsp;&nbsp; 1544969 |
| MPOWER Education Trust<sup>(a)</sup>  | MPOWER Education Trust<sup>(a)</sup>  | MPOWER Education Trust<sup>(a)</sup>  | MPOWER Education Trust<sup>(a)</sup>  |
| Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A |
| 07/22/2041 | &nbsp;&nbsp; 6.780% | 589213 | &nbsp;&nbsp; 605802 |
| Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A |
| 12/22/2042 | &nbsp;&nbsp; 6.250% | 1000000 | &nbsp;&nbsp; 1000000 |
| NetCredit Combined Receivables LLC<sup>(a)</sup>  | NetCredit Combined Receivables LLC<sup>(a)</sup>  | NetCredit Combined Receivables LLC<sup>(a)</sup>  | NetCredit Combined Receivables LLC<sup>(a)</sup>  |
| Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A |
| 10/21/2030 | &nbsp;&nbsp; 7.430% | 171356 | &nbsp;&nbsp; 171828 |
| OHA Credit Funding Ltd.<sup>(a),(b)</sup>  | OHA Credit Funding Ltd.<sup>(a),(b)</sup>  | OHA Credit Funding Ltd.<sup>(a),(b)</sup>  | OHA Credit Funding Ltd.<sup>(a),(b)</sup>  |
| Series 2019-4A Class AR2 | Series 2019-4A Class AR2 | Series 2019-4A Class AR2 | Series 2019-4A Class AR2 |
| &nbsp;&nbsp; 3-month Term SOFR + 1.290% <br>Floor 1.290% <br>01/22/2038<br>| &nbsp;&nbsp; 5.622% | 1375000 | &nbsp;&nbsp; 1380251 |
| Series 2021-8A Class A1R | Series 2021-8A Class A1R | Series 2021-8A Class A1R | Series 2021-8A Class A1R |
| &nbsp;&nbsp; 3-month Term SOFR + 1.280% <br>Floor 1.280% <br>01/20/2038<br>| &nbsp;&nbsp; 5.606% | 650000 | &nbsp;&nbsp; 652084 |
| OHA Credit Partners XVII Ltd.<sup>(a),(b)</sup>  | OHA Credit Partners XVII Ltd.<sup>(a),(b)</sup>  | OHA Credit Partners XVII Ltd.<sup>(a),(b)</sup>  | OHA Credit Partners XVII Ltd.<sup>(a),(b)</sup>  |
| Series 2020-6A Class AR2 | Series 2020-6A Class AR2 | Series 2020-6A Class AR2 | Series 2020-6A Class AR2 |
| &nbsp;&nbsp; 3-month Term SOFR + 1.330% <br>Floor 1.330% <br>10/20/2037<br>| &nbsp;&nbsp; 5.656% | 2600000 | &nbsp;&nbsp; 2605886 |
| OneMain Financial Issuance Trust<sup>(a)</sup>  | OneMain Financial Issuance Trust<sup>(a)</sup>  | OneMain Financial Issuance Trust<sup>(a)</sup>  | OneMain Financial Issuance Trust<sup>(a)</sup>  |
| Series 2023-2A Class A1 | Series 2023-2A Class A1 | Series 2023-2A Class A1 | Series 2023-2A Class A1 |
| 09/15/2036 | &nbsp;&nbsp; 5.840% | 3625000 | &nbsp;&nbsp; 3706246 |
| Oportun Funding Trust<sup>(a)</sup>  | Oportun Funding Trust<sup>(a)</sup>  | Oportun Funding Trust<sup>(a)</sup>  | Oportun Funding Trust<sup>(a)</sup>  |
| Series 2024-3 Class A | Series 2024-3 Class A | Series 2024-3 Class A | Series 2024-3 Class A |
| 08/15/2029 | &nbsp;&nbsp; 5.260% | 48318 | &nbsp;&nbsp; 48364 |
| Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  |
| Series 2024-5 Class A | Series 2024-5 Class A | Series 2024-5 Class A | Series 2024-5 Class A |
| 10/15/2031 | &nbsp;&nbsp; 6.278% | 334099 | &nbsp;&nbsp; 336654 |
| Series 2024-6 Class A | Series 2024-6 Class A | Series 2024-6 Class A | Series 2024-6 Class A |
| 11/15/2031 | &nbsp;&nbsp; 6.093% | 321468 | &nbsp;&nbsp; 323251 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Series 2025-5 Class B | Series 2025-5 Class B | Series 2025-5 Class B | Series 2025-5 Class B |
| 03/15/2033 | &nbsp;&nbsp; 5.440% | 2000000 | &nbsp;&nbsp; 2016128 |
| Series 2025-6 Class B | Series 2025-6 Class B | Series 2025-6 Class B | Series 2025-6 Class B |
| 04/15/2033 | &nbsp;&nbsp; 4.883% | 1650000 | &nbsp;&nbsp; 1647630 |
| Series 2025-R2 Class A | Series 2025-R2 Class A | Series 2025-R2 Class A | Series 2025-R2 Class A |
| 10/15/2032 | &nbsp;&nbsp; 4.865% | 2291718 | &nbsp;&nbsp; 2298787 |
| Pagaya AI Debt Selection Trust<sup>(a)</sup>  | Pagaya AI Debt Selection Trust<sup>(a)</sup>  | Pagaya AI Debt Selection Trust<sup>(a)</sup>  | Pagaya AI Debt Selection Trust<sup>(a)</sup>  |
| Series 2021-HG1 Class A | Series 2021-HG1 Class A | Series 2021-HG1 Class A | Series 2021-HG1 Class A |
| 01/16/2029 | &nbsp;&nbsp; 1.220% | 4106 | &nbsp;&nbsp; 4101 |
| Series 2024-7 Class A | Series 2024-7 Class A | Series 2024-7 Class A | Series 2024-7 Class A |
| 12/15/2031 | &nbsp;&nbsp; 6.117% | 1467721 | &nbsp;&nbsp; 1484030 |
| Subordinated Series 2024-7 Class B | Subordinated Series 2024-7 Class B | Subordinated Series 2024-7 Class B | Subordinated Series 2024-7 Class B |
| 12/15/2031 | &nbsp;&nbsp; 6.574% | 1665486 | &nbsp;&nbsp; 1687983 |
| Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  |
| Series 2023-8 Class A | Series 2023-8 Class A | Series 2023-8 Class A | Series 2023-8 Class A |
| 06/16/2031 | &nbsp;&nbsp; 7.299% | 75739 | &nbsp;&nbsp; 76845 |
| Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A |
| 07/15/2031 | &nbsp;&nbsp; 6.660% | 166060 | &nbsp;&nbsp; 167628 |
| Series 2024-2 Class A | Series 2024-2 Class A | Series 2024-2 Class A | Series 2024-2 Class A |
| 08/15/2031 | &nbsp;&nbsp; 6.319% | 195835 | &nbsp;&nbsp; 197778 |
| Series 2024-3 Class A | Series 2024-3 Class A | Series 2024-3 Class A | Series 2024-3 Class A |
| 10/15/2031 | &nbsp;&nbsp; 6.258% | 1148148 | &nbsp;&nbsp; 1154141 |
| Prestige Auto Receivables Trust<sup>(a)</sup>  | Prestige Auto Receivables Trust<sup>(a)</sup>  | Prestige Auto Receivables Trust<sup>(a)</sup>  | Prestige Auto Receivables Trust<sup>(a)</sup>  |
| Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B |
| 05/15/2028 | &nbsp;&nbsp; 5.710% | 791902 | &nbsp;&nbsp; 794011 |
| Subordinated Series 2024-1A Class C | Subordinated Series 2024-1A Class C | Subordinated Series 2024-1A Class C | Subordinated Series 2024-1A Class C |
| 03/15/2029 | &nbsp;&nbsp; 5.730% | 1125000 | &nbsp;&nbsp; 1135076 |
| Prosper Marketplace Issuance Trust<sup>(a)</sup>  | Prosper Marketplace Issuance Trust<sup>(a)</sup>  | Prosper Marketplace Issuance Trust<sup>(a)</sup>  | Prosper Marketplace Issuance Trust<sup>(a)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 08/15/2029 | &nbsp;&nbsp; 6.120% | 15071 | &nbsp;&nbsp; 15077 |
| Reach ABS Trust<sup>(a)</sup>  | Reach ABS Trust<sup>(a)</sup>  | Reach ABS Trust<sup>(a)</sup>  | Reach ABS Trust<sup>(a)</sup>  |
| Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A |
| 08/16/2032 | &nbsp;&nbsp; 4.960% | 547979 | &nbsp;&nbsp; 549503 |
| Research-Driven Pagaya Motor Asset Trust IV<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust IV<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust IV<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust IV<sup>(a)</sup>  |
| Series 2021-2A Class A | Series 2021-2A Class A | Series 2021-2A Class A | Series 2021-2A Class A |
| 03/25/2030 | &nbsp;&nbsp; 2.650% | 201561 | &nbsp;&nbsp; 199536 |
| Research-Driven Pagaya Motor Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Trust<sup>(a)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 06/25/2032 | &nbsp;&nbsp; 7.090% | 229918 | &nbsp;&nbsp; 231967 |
| Santander Consumer Auto Receivables Trust<sup>(a)</sup>  | Santander Consumer Auto Receivables Trust<sup>(a)</sup>  | Santander Consumer Auto Receivables Trust<sup>(a)</sup>  | Santander Consumer Auto Receivables Trust<sup>(a)</sup>  |
| Subordinated Series 2021-AA Class D | Subordinated Series 2021-AA Class D | Subordinated Series 2021-AA Class D | Subordinated Series 2021-AA Class D |
| 01/15/2027 | &nbsp;&nbsp; 1.570% | 70298 | &nbsp;&nbsp; 70123 |
| SBNA Auto Lease Trust<sup>(a)</sup>  | SBNA Auto Lease Trust<sup>(a)</sup>  | SBNA Auto Lease Trust<sup>(a)</sup>  | SBNA Auto Lease Trust<sup>(a)</sup>  |
| Series 2023-A Class A3 | Series 2023-A Class A3 | Series 2023-A Class A3 | Series 2023-A Class A3 |
| 04/20/2027 | &nbsp;&nbsp; 6.510% | 1620013 | &nbsp;&nbsp; 1628443 |
| Series 2024-A Class A4 | Series 2024-A Class A4 | Series 2024-A Class A4 | Series 2024-A Class A4 |
| 01/22/2029 | &nbsp;&nbsp; 5.240% | 1300000 | &nbsp;&nbsp; 1308549 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Theorem Funding Trust<sup>(a)</sup>  | Theorem Funding Trust<sup>(a)</sup>  | Theorem Funding Trust<sup>(a)</sup>  | Theorem Funding Trust<sup>(a)</sup>  |
| Series 2023-1A Class A | Series 2023-1A Class A | Series 2023-1A Class A | Series 2023-1A Class A |
| 04/15/2029 | &nbsp;&nbsp; 7.580% | 13379 | &nbsp;&nbsp; 13393 |
| Upgrade Master Pass-Thru Trust<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust<sup>(a)</sup>  |
| Series 2025-ST4 Class A | Series 2025-ST4 Class A | Series 2025-ST4 Class A | Series 2025-ST4 Class A |
| 08/16/2032 | &nbsp;&nbsp; 5.495% | 928165 | &nbsp;&nbsp; 932082 |
| Upgrade Receivables Trust<sup>(a)</sup>  | Upgrade Receivables Trust<sup>(a)</sup>  | Upgrade Receivables Trust<sup>(a)</sup>  | Upgrade Receivables Trust<sup>(a)</sup>  |
| Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A |
| 02/18/2031 | &nbsp;&nbsp; 5.370% | 259130 | &nbsp;&nbsp; 259560 |
| Upstart Securitization Trust<sup>(a)</sup>  | Upstart Securitization Trust<sup>(a)</sup>  | Upstart Securitization Trust<sup>(a)</sup>  | Upstart Securitization Trust<sup>(a)</sup>  |
| Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A |
| 11/20/2034 | &nbsp;&nbsp; 5.330% | 295306 | &nbsp;&nbsp; 296174 |
| Series 2025-3 Class A1 | Series 2025-3 Class A1 | Series 2025-3 Class A1 | Series 2025-3 Class A1 |
| 08/20/2026 | &nbsp;&nbsp; 4.503% | 1305000 | &nbsp;&nbsp; 1305571 |
| Verizon Master Trust | Verizon Master Trust | Verizon Master Trust | Verizon Master Trust |
| Series 2024-8 Class B | Series 2024-8 Class B | Series 2024-8 Class B | Series 2024-8 Class B |
| 11/20/2030 | &nbsp;&nbsp; 4.820% | 1650000 | &nbsp;&nbsp; 1668313 |
| Westlake Flooring Master Trust<sup>(a)</sup>  | Westlake Flooring Master Trust<sup>(a)</sup>  | Westlake Flooring Master Trust<sup>(a)</sup>  | Westlake Flooring Master Trust<sup>(a)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 02/15/2028 | &nbsp;&nbsp; 5.430% | 825000 | &nbsp;&nbsp; 828255 |
| &nbsp;&nbsp; Total Asset-Backed Securities — Non-Agency <br>(Cost $80,303,986) | &nbsp;&nbsp; Total Asset-Backed Securities — Non-Agency <br>(Cost $80,303,986) | &nbsp;&nbsp; Total Asset-Backed Securities — Non-Agency <br>(Cost $80,303,986) | &nbsp;&nbsp; **80925597** |
| **Commercial Mortgage-Backed Securities - Non-Agency 1.8%** | **Commercial Mortgage-Backed Securities - Non-Agency 1.8%** | **Commercial Mortgage-Backed Securities - Non-Agency 1.8%** | **Commercial Mortgage-Backed Securities - Non-Agency 1.8%** |
| BX Mortgage Trust<sup>(a),(b)</sup>  | BX Mortgage Trust<sup>(a),(b)</sup>  | BX Mortgage Trust<sup>(a),(b)</sup>  | BX Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2021-PAC Class D | Series 2021-PAC Class D | Series 2021-PAC Class D | Series 2021-PAC Class D |
| &nbsp;&nbsp; 1-month Term SOFR + 1.412% <br>Floor 1.298% <br>10/15/2036<br>| &nbsp;&nbsp; 5.563% | 2175000 | &nbsp;&nbsp; 2166842 |
| BX Trust<sup>(a)</sup>  | BX Trust<sup>(a)</sup>  | BX Trust<sup>(a)</sup>  | BX Trust<sup>(a)</sup>  |
| Series 2023-LIFE Class A | Series 2023-LIFE Class A | Series 2023-LIFE Class A | Series 2023-LIFE Class A |
| 02/15/2028 | &nbsp;&nbsp; 5.045% | 1175000 | &nbsp;&nbsp; 1162548 |
| COMM Mortgage Trust<sup>(a)</sup>  | COMM Mortgage Trust<sup>(a)</sup>  | COMM Mortgage Trust<sup>(a)</sup>  | COMM Mortgage Trust<sup>(a)</sup>  |
| Subordinated Series 2020-CX Class B | Subordinated Series 2020-CX Class B | Subordinated Series 2020-CX Class B | Subordinated Series 2020-CX Class B |
| 11/10/2046 | &nbsp;&nbsp; 2.446% | 525000 | &nbsp;&nbsp; 446274 |
| FirstKey Homes Trust<sup>(a)</sup>  | FirstKey Homes Trust<sup>(a)</sup>  | FirstKey Homes Trust<sup>(a)</sup>  | FirstKey Homes Trust<sup>(a)</sup>  |
| Subordinated Series 2020-SFR2 Class D | Subordinated Series 2020-SFR2 Class D | Subordinated Series 2020-SFR2 Class D | Subordinated Series 2020-SFR2 Class D |
| 10/19/2037 | &nbsp;&nbsp; 1.968% | 2975000 | &nbsp;&nbsp; 2961789 |
| GS Mortgage Securities Corp. II<sup>(a),(d)</sup>  | GS Mortgage Securities Corp. II<sup>(a),(d)</sup>  | GS Mortgage Securities Corp. II<sup>(a),(d)</sup>  | GS Mortgage Securities Corp. II<sup>(a),(d)</sup>  |
| Series 2023-SHIP Class A | Series 2023-SHIP Class A | Series 2023-SHIP Class A | Series 2023-SHIP Class A |
| 09/10/2038 | &nbsp;&nbsp; 4.322% | 1125000 | &nbsp;&nbsp; 1122615 |
| GS Mortgage Securities Corp. Trust<sup>(a)</sup>  | GS Mortgage Securities Corp. Trust<sup>(a)</sup>  | GS Mortgage Securities Corp. Trust<sup>(a)</sup>  | GS Mortgage Securities Corp. Trust<sup>(a)</sup>  |
| Series 2017-485L Class A | Series 2017-485L Class A | Series 2017-485L Class A | Series 2017-485L Class A |
| 02/10/2037 | &nbsp;&nbsp; 3.721% | 625000 | &nbsp;&nbsp; 608799 |
| GS Mortgage Securities Corp. Trust<sup>(a),(b)</sup>  | GS Mortgage Securities Corp. Trust<sup>(a),(b)</sup>  | GS Mortgage Securities Corp. Trust<sup>(a),(b)</sup>  | GS Mortgage Securities Corp. Trust<sup>(a),(b)</sup>  |
| Subordinated CMO Series 2021-IP Class D | Subordinated CMO Series 2021-IP Class D | Subordinated CMO Series 2021-IP Class D | Subordinated CMO Series 2021-IP Class D |
| &nbsp;&nbsp; 1-month Term SOFR + 2.214% <br>Floor 2.100% <br>10/15/2036<br>| &nbsp;&nbsp; 6.365% | 825000 | &nbsp;&nbsp; 820915 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency (continued)** | **Commercial Mortgage-Backed Securities - Non-Agency (continued)** | **Commercial Mortgage-Backed Securities - Non-Agency (continued)** | **Commercial Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Home Partners of America Trust<sup>(a)</sup>  | Home Partners of America Trust<sup>(a)</sup>  | Home Partners of America Trust<sup>(a)</sup>  | Home Partners of America Trust<sup>(a)</sup>  |
| Subordinated Series 2019-2 Class D | Subordinated Series 2019-2 Class D | Subordinated Series 2019-2 Class D | Subordinated Series 2019-2 Class D |
| 10/19/2039 | &nbsp;&nbsp; 3.121% | 1030332 | &nbsp;&nbsp; 1000905 |
| Subordinated Series 2021-2 Class B | Subordinated Series 2021-2 Class B | Subordinated Series 2021-2 Class B | Subordinated Series 2021-2 Class B |
| 12/17/2026 | &nbsp;&nbsp; 2.302% | 6236722 | &nbsp;&nbsp; 6065887 |
| Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust |
| Series 2017-C34 Class A3 | Series 2017-C34 Class A3 | Series 2017-C34 Class A3 | Series 2017-C34 Class A3 |
| 11/15/2052 | &nbsp;&nbsp; 3.276% | 2250000 | &nbsp;&nbsp; 2205539 |
| One New York Plaza Trust<sup>(a),(b)</sup>  | One New York Plaza Trust<sup>(a),(b)</sup>  | One New York Plaza Trust<sup>(a),(b)</sup>  | One New York Plaza Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2020-1NYP Class C | Subordinated Series 2020-1NYP Class C | Subordinated Series 2020-1NYP Class C | Subordinated Series 2020-1NYP Class C |
| &nbsp;&nbsp; 1-month Term SOFR + 2.314% <br>Floor 2.200% <br>01/15/2036<br>| &nbsp;&nbsp; 6.465% | 1100000 | &nbsp;&nbsp; 1077752 |
| Subordinated Series 2020-1NYP Class D | Subordinated Series 2020-1NYP Class D | Subordinated Series 2020-1NYP Class D | Subordinated Series 2020-1NYP Class D |
| &nbsp;&nbsp; 1-month Term SOFR + 2.864% <br>Floor 2.750% <br>01/15/2036<br>| &nbsp;&nbsp; 7.015% | 425000 | &nbsp;&nbsp; 414135 |
| Progress Residential Trust<sup>(a)</sup>  | Progress Residential Trust<sup>(a)</sup>  | Progress Residential Trust<sup>(a)</sup>  | Progress Residential Trust<sup>(a)</sup>  |
| Series 2024-SFR1 Class A | Series 2024-SFR1 Class A | Series 2024-SFR1 Class A | Series 2024-SFR1 Class A |
| 02/17/2041 | &nbsp;&nbsp; 3.350% | 1537757 | &nbsp;&nbsp; 1484790 |
| Subordinated Series 2021-SFR8 Class D | Subordinated Series 2021-SFR8 Class D | Subordinated Series 2021-SFR8 Class D | Subordinated Series 2021-SFR8 Class D |
| 10/17/2038 | &nbsp;&nbsp; 2.082% | 1830000 | &nbsp;&nbsp; 1788044 |
| SPGN TFLM Mortgage Trust<sup>(a),(b)</sup>  | SPGN TFLM Mortgage Trust<sup>(a),(b)</sup>  | SPGN TFLM Mortgage Trust<sup>(a),(b)</sup>  | SPGN TFLM Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2022 Class A | Series 2022 Class A | Series 2022 Class A | Series 2022 Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.550% <br>Floor 1.550% <br>02/15/2039<br>| &nbsp;&nbsp; 5.700% | 3325000 | &nbsp;&nbsp; 3300440 |
| STAR Trust<sup>(a),(b)</sup>  | STAR Trust<sup>(a),(b)</sup>  | STAR Trust<sup>(a),(b)</sup>  | STAR Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2022-SFR3 Class B | Subordinated Series 2022-SFR3 Class B | Subordinated Series 2022-SFR3 Class B | Subordinated Series 2022-SFR3 Class B |
| &nbsp;&nbsp; 1-month Term SOFR + 1.950% <br>Floor 1.950% <br>05/17/2039<br>| &nbsp;&nbsp; 6.100% | 1900000 | &nbsp;&nbsp; 1902018 |
| Tricon American Homes<sup>(a)</sup>  | Tricon American Homes<sup>(a)</sup>  | Tricon American Homes<sup>(a)</sup>  | Tricon American Homes<sup>(a)</sup>  |
| Series 2020-SFR1 Class C | Series 2020-SFR1 Class C | Series 2020-SFR1 Class C | Series 2020-SFR1 Class C |
| 07/17/2038 | &nbsp;&nbsp; 2.249% | 650000 | &nbsp;&nbsp; 636721 |
| Tricon American Homes Trust<sup>(a)</sup>  | Tricon American Homes Trust<sup>(a)</sup>  | Tricon American Homes Trust<sup>(a)</sup>  | Tricon American Homes Trust<sup>(a)</sup>  |
| Subordinated Series 2020-SFR2 Class D | Subordinated Series 2020-SFR2 Class D | Subordinated Series 2020-SFR2 Class D | Subordinated Series 2020-SFR2 Class D |
| 11/17/2039 | &nbsp;&nbsp; 2.281% | 1075000 | &nbsp;&nbsp; 1013699 |
| &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $30,897,151) | &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $30,897,151) | &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $30,897,151) | &nbsp;&nbsp; **30179712** |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Common Stocks 60.8%** | **Common Stocks 60.8%** | **Common Stocks 60.8%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 8.5%** | **Communication Services 8.5%** | **Communication Services 8.5%** |
| **Entertainment 2.1%** | **Entertainment 2.1%** | **Entertainment 2.1%** |
| Electronic Arts, Inc. | &nbsp;&nbsp; 101874 | &nbsp;&nbsp; 20547986 |
| Take-Two Interactive Software, Inc.<sup>(e)</sup> <br>| &nbsp;&nbsp; 19684 | &nbsp;&nbsp; 5085558 |
| Walt Disney Co. (The) | &nbsp;&nbsp; 88640 | &nbsp;&nbsp; 10149280 |
| Total |  | &nbsp;&nbsp; 35782824 |
| **Interactive Media & Services 5.8%** | **Interactive Media & Services 5.8%** | **Interactive Media & Services 5.8%** |
| Alphabet, Inc., Class A | &nbsp;&nbsp; 124224 | &nbsp;&nbsp; 30198855 |
| Alphabet, Inc., Class C | &nbsp;&nbsp; 111108 | &nbsp;&nbsp; 27060353 |
| Meta Platforms, Inc., Class A | &nbsp;&nbsp; 46703 | &nbsp;&nbsp; 34297749 |
| Pinterest, Inc., Class A<sup>(e)</sup> <br>| &nbsp;&nbsp; 157785 | &nbsp;&nbsp; 5075944 |
| Total |  | &nbsp;&nbsp; 96632901 |
| **Wireless Telecommunication Services 0.6%** | **Wireless Telecommunication Services 0.6%** | **Wireless Telecommunication Services 0.6%** |
| T-Mobile US, Inc. | &nbsp;&nbsp; 41556 | &nbsp;&nbsp; 9947675 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **142363400** |
| **Consumer Discretionary 5.2%** | **Consumer Discretionary 5.2%** | **Consumer Discretionary 5.2%** |
| **Automobiles 0.8%** | **Automobiles 0.8%** | **Automobiles 0.8%** |
| Tesla, Inc.<sup>(e)</sup> <br>| &nbsp;&nbsp; 31654 | &nbsp;&nbsp; 14077167 |
| **Broadline Retail 3.4%** | **Broadline Retail 3.4%** | **Broadline Retail 3.4%** |
| Amazon.com, Inc.<sup>(e)</sup> <br>| &nbsp;&nbsp; 218931 | &nbsp;&nbsp; 48070680 |
| eBay, Inc. | &nbsp;&nbsp; 103518 | &nbsp;&nbsp; 9414962 |
| Total |  | &nbsp;&nbsp; 57485642 |
| **Hotels, Restaurants & Leisure 0.4%** | **Hotels, Restaurants & Leisure 0.4%** | **Hotels, Restaurants & Leisure 0.4%** |
| Starbucks Corp. | &nbsp;&nbsp; 79005 | &nbsp;&nbsp; 6683823 |
| **Household Durables 0.2%** | **Household Durables 0.2%** | **Household Durables 0.2%** |
| PulteGroup, Inc. | &nbsp;&nbsp; 19578 | &nbsp;&nbsp; 2586841 |
| **Textiles, Apparel & Luxury Goods 0.4%** | **Textiles, Apparel & Luxury Goods 0.4%** | **Textiles, Apparel & Luxury Goods 0.4%** |
| NIKE, Inc., Class B | &nbsp;&nbsp; 34871 | &nbsp;&nbsp; 2431555 |
| Tapestry, Inc. | &nbsp;&nbsp; 32134 | &nbsp;&nbsp; 3638211 |
| Total |  | &nbsp;&nbsp; 6069766 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **86903239** |
| **Consumer Staples 1.3%** | **Consumer Staples 1.3%** | **Consumer Staples 1.3%** |
| **Consumer Staples Distribution & Retail 0.7%** | **Consumer Staples Distribution & Retail 0.7%** | **Consumer Staples Distribution & Retail 0.7%** |
| Walmart, Inc. | &nbsp;&nbsp; 112830 | &nbsp;&nbsp; 11628260 |
| **Household Products 0.6%** | **Household Products 0.6%** | **Household Products 0.6%** |
| Procter & Gamble Co. (The) | &nbsp;&nbsp; 67002 | &nbsp;&nbsp; 10294857 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **21923117** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Energy 1.9%** | **Energy 1.9%** | **Energy 1.9%** |
| **Oil, Gas & Consumable Fuels 1.9%** | **Oil, Gas & Consumable Fuels 1.9%** | **Oil, Gas & Consumable Fuels 1.9%** |
| Chevron Corp. | &nbsp;&nbsp; 88032 | &nbsp;&nbsp; 13670489 |
| ConocoPhillips Co. | &nbsp;&nbsp; 103337 | &nbsp;&nbsp; 9774647 |
| EOG Resources, Inc. | &nbsp;&nbsp; 69991 | &nbsp;&nbsp; 7847391 |
| Total |  | &nbsp;&nbsp; 31292527 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **31292527** |
| **Financials 9.0%** | **Financials 9.0%** | **Financials 9.0%** |
| **Banks 3.7%** | **Banks 3.7%** | **Banks 3.7%** |
| Bank of America Corp. | &nbsp;&nbsp; 417123 | &nbsp;&nbsp; 21519375 |
| JPMorgan Chase & Co. | &nbsp;&nbsp; 79013 | &nbsp;&nbsp; 24923071 |
| Wells Fargo & Co. | &nbsp;&nbsp; 179029 | &nbsp;&nbsp; 15006211 |
| Total |  | &nbsp;&nbsp; 61448657 |
| **Capital Markets 2.4%** | **Capital Markets 2.4%** | **Capital Markets 2.4%** |
| Blackrock, Inc. | &nbsp;&nbsp; 14929 | &nbsp;&nbsp; 17405273 |
| Charles Schwab Corp. (The) | &nbsp;&nbsp; 61326 | &nbsp;&nbsp; 5854793 |
| Morgan Stanley | &nbsp;&nbsp; 64819 | &nbsp;&nbsp; 10303629 |
| S&P Global, Inc. | &nbsp;&nbsp; 15179 | &nbsp;&nbsp; 7387771 |
| Total |  | &nbsp;&nbsp; 40951466 |
| **Consumer Finance 0.6%** | **Consumer Finance 0.6%** | **Consumer Finance 0.6%** |
| American Express Co. | &nbsp;&nbsp; 30187 | &nbsp;&nbsp; 10026914 |
| **Financial Services 1.6%** | **Financial Services 1.6%** | **Financial Services 1.6%** |
| Block, Inc., Class A<sup>(e)</sup> <br>| &nbsp;&nbsp; 60007 | &nbsp;&nbsp; 4336706 |
| MasterCard, Inc., Class A | &nbsp;&nbsp; 16749 | &nbsp;&nbsp; 9526998 |
| Visa, Inc., Class A | &nbsp;&nbsp; 39687 | &nbsp;&nbsp; 13548348 |
| Total |  | &nbsp;&nbsp; 27412052 |
| **Insurance 0.7%** | **Insurance 0.7%** | **Insurance 0.7%** |
| Aon PLC, Class A | &nbsp;&nbsp; 31321 | &nbsp;&nbsp; 11168442 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **151007531** |
| **Health Care 5.9%** | **Health Care 5.9%** | **Health Care 5.9%** |
| **Biotechnology 1.2%** | **Biotechnology 1.2%** | **Biotechnology 1.2%** |
| AbbVie, Inc. | &nbsp;&nbsp; 35320 | &nbsp;&nbsp; 8177993 |
| Vertex Pharmaceuticals, Inc.<sup>(e)</sup> <br>| &nbsp;&nbsp; 29791 | &nbsp;&nbsp; 11667347 |
| Total |  | &nbsp;&nbsp; 19845340 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Health Care Equipment & Supplies 1.9%** | **Health Care Equipment & Supplies 1.9%** | **Health Care Equipment & Supplies 1.9%** |
| Abbott Laboratories | &nbsp;&nbsp; 97071 | &nbsp;&nbsp; 13001690 |
| Boston Scientific Corp.<sup>(e)</sup> <br>| &nbsp;&nbsp; 47755 | &nbsp;&nbsp; 4662320 |
| Cooper Cos, Inc. (The)<sup>(e)</sup> <br>| &nbsp;&nbsp; 76537 | &nbsp;&nbsp; 5247377 |
| Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp; 81312 | &nbsp;&nbsp; 8009232 |
| Total |  | &nbsp;&nbsp; 30920619 |
| **Health Care Providers & Services 0.6%** | **Health Care Providers & Services 0.6%** | **Health Care Providers & Services 0.6%** |
| Cigna Group (The) | &nbsp;&nbsp; 18754 | &nbsp;&nbsp; 5405841 |
| Henry Schein, Inc.<sup>(e)</sup> <br>| &nbsp;&nbsp; 81163 | &nbsp;&nbsp; 5386788 |
| Total |  | &nbsp;&nbsp; 10792629 |
| **Life Sciences Tools & Services 0.9%** | **Life Sciences Tools & Services 0.9%** | **Life Sciences Tools & Services 0.9%** |
| Agilent Technologies, Inc. | &nbsp;&nbsp; 44266 | &nbsp;&nbsp; 5681541 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp; 20514 | &nbsp;&nbsp; 9949700 |
| Total |  | &nbsp;&nbsp; 15631241 |
| **Pharmaceuticals 1.3%** | **Pharmaceuticals 1.3%** | **Pharmaceuticals 1.3%** |
| Eli Lilly & Co. | &nbsp;&nbsp; 27520 | &nbsp;&nbsp; 20997760 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **98187589** |
| **Industrials 5.3%** | **Industrials 5.3%** | **Industrials 5.3%** |
| **Aerospace & Defense 1.6%** | **Aerospace & Defense 1.6%** | **Aerospace & Defense 1.6%** |
| Boeing Co. (The)<sup>(e)</sup> <br>| &nbsp;&nbsp; 58672 | &nbsp;&nbsp; 12663178 |
| General Electric Co. | &nbsp;&nbsp; 19431 | &nbsp;&nbsp; 5845233 |
| RTX Corp. | &nbsp;&nbsp; 46705 | &nbsp;&nbsp; 7815148 |
| Total |  | &nbsp;&nbsp; 26323559 |
| **Building Products 0.4%** | **Building Products 0.4%** | **Building Products 0.4%** |
| Carrier Global Corp. | &nbsp;&nbsp; 118076 | &nbsp;&nbsp; 7049137 |
| **Electrical Equipment 0.7%** | **Electrical Equipment 0.7%** | **Electrical Equipment 0.7%** |
| Eaton Corp. PLC | &nbsp;&nbsp; 19778 | &nbsp;&nbsp; 7401916 |
| GE Vernova, Inc. | &nbsp;&nbsp; 8773 | &nbsp;&nbsp; 5394518 |
| Total |  | &nbsp;&nbsp; 12796434 |
| **Ground Transportation 0.9%** | **Ground Transportation 0.9%** | **Ground Transportation 0.9%** |
| Uber Technologies, Inc.<sup>(e)</sup> <br>| &nbsp;&nbsp; 152664 | &nbsp;&nbsp; 14956492 |
| **Industrial Conglomerates 0.7%** | **Industrial Conglomerates 0.7%** | **Industrial Conglomerates 0.7%** |
| Honeywell International, Inc. | &nbsp;&nbsp; 54137 | &nbsp;&nbsp; 11395839 |
| **Machinery 0.6%** | **Machinery 0.6%** | **Machinery 0.6%** |
| Parker-Hannifin Corp. | &nbsp;&nbsp; 6316 | &nbsp;&nbsp; 4788475 |
| Stanley Black & Decker, Inc. | &nbsp;&nbsp; 64551 | &nbsp;&nbsp; 4798076 |
| Total |  | &nbsp;&nbsp; 9586551 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Professional Services 0.4%** | **Professional Services 0.4%** | **Professional Services 0.4%** |
| Jacobs Solutions, Inc. | &nbsp;&nbsp; 46916 | &nbsp;&nbsp; 7030832 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **89138844** |
| **Information Technology 21.3%** | **Information Technology 21.3%** | **Information Technology 21.3%** |
| **Electronic Equipment, Instruments & Components 0.7%** | **Electronic Equipment, Instruments & Components 0.7%** | **Electronic Equipment, Instruments & Components 0.7%** |
| TE Connectivity PLC | &nbsp;&nbsp; 52357 | &nbsp;&nbsp; 11493932 |
| **IT Services 0.6%** | **IT Services 0.6%** | **IT Services 0.6%** |
| MongoDB, Inc.<sup>(e)</sup> <br>| &nbsp;&nbsp; 13126 | &nbsp;&nbsp; 4074048 |
| Okta, Inc.<sup>(e)</sup> <br>| &nbsp;&nbsp; 64366 | &nbsp;&nbsp; 5902362 |
| Total |  | &nbsp;&nbsp; 9976410 |
| **Semiconductors & Semiconductor Equipment 8.8%** | **Semiconductors & Semiconductor Equipment 8.8%** | **Semiconductors & Semiconductor Equipment 8.8%** |
| Applied Materials, Inc. | &nbsp;&nbsp; 60612 | &nbsp;&nbsp; 12409701 |
| Broadcom, Inc. | &nbsp;&nbsp; 81136 | &nbsp;&nbsp; 26767578 |
| Lam Research Corp. | &nbsp;&nbsp; 67455 | &nbsp;&nbsp; 9032224 |
| Marvell Technology, Inc. | &nbsp;&nbsp; 49591 | &nbsp;&nbsp; 4169115 |
| Microchip Technology, Inc. | &nbsp;&nbsp; 40204 | &nbsp;&nbsp; 2581901 |
| NVIDIA Corp. | &nbsp;&nbsp; 469408 | &nbsp;&nbsp; 87582145 |
| ON Semiconductor Corp.<sup>(e)</sup> <br>| &nbsp;&nbsp; 98720 | &nbsp;&nbsp; 4867883 |
| Total |  | &nbsp;&nbsp; 147410547 |
| **Software 6.7%** | **Software 6.7%** | **Software 6.7%** |
| Intuit, Inc. | &nbsp;&nbsp; 21966 | &nbsp;&nbsp; 15000801 |
| Microsoft Corp. | &nbsp;&nbsp; 160595 | &nbsp;&nbsp; 83180180 |
| Palo Alto Networks, Inc.<sup>(e)</sup> <br>| &nbsp;&nbsp; 22567 | &nbsp;&nbsp; 4595093 |
| Synopsys, Inc.<sup>(e)</sup> <br>| &nbsp;&nbsp; 17399 | &nbsp;&nbsp; 8584493 |
| Total |  | &nbsp;&nbsp; 111360567 |
| **Technology Hardware, Storage & Peripherals 4.5%** | **Technology Hardware, Storage & Peripherals 4.5%** | **Technology Hardware, Storage & Peripherals 4.5%** |
| Apple, Inc. | &nbsp;&nbsp; 251624 | &nbsp;&nbsp; 64071019 |
| Dell Technologies, Inc. | &nbsp;&nbsp; 83814 | &nbsp;&nbsp; 11882311 |
| Total |  | &nbsp;&nbsp; 75953330 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **356194786** |
| **Materials 0.3%** | **Materials 0.3%** | **Materials 0.3%** |
| **Chemicals 0.3%** | **Chemicals 0.3%** | **Chemicals 0.3%** |
| International Flavors & Fragrances, Inc. | &nbsp;&nbsp; 61217 | &nbsp;&nbsp; 3767294 |
| Sherwin-Williams Co. (The) | &nbsp;&nbsp; 4502 | &nbsp;&nbsp; 1558863 |
| Total |  | &nbsp;&nbsp; 5326157 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **5326157** |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Real Estate 0.7%** | **Real Estate 0.7%** | **Real Estate 0.7%** |
| **Real Estate Management & Development 0.0%** | **Real Estate Management & Development 0.0%** | **Real Estate Management & Development 0.0%** |
| CoStar Group, Inc.<sup>(e)</sup> <br>| &nbsp;&nbsp; 11630 | &nbsp;&nbsp; 981223 |
| **Specialized REITs 0.7%** | **Specialized REITs 0.7%** | **Specialized REITs 0.7%** |
| American Tower Corp. | &nbsp;&nbsp; 29499 | &nbsp;&nbsp; 5673248 |
| Equinix, Inc. | &nbsp;&nbsp; 7791 | &nbsp;&nbsp; 6102223 |
| Total |  | &nbsp;&nbsp; 11775471 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **12756694** |
| **Utilities 1.4%** | **Utilities 1.4%** | **Utilities 1.4%** |
| **Multi-Utilities 1.4%** | **Multi-Utilities 1.4%** | **Multi-Utilities 1.4%** |
| DTE Energy Co. | &nbsp;&nbsp; 84364 | &nbsp;&nbsp; 11931600 |
| Public Service Enterprise Group, Inc. | &nbsp;&nbsp; 131078 | &nbsp;&nbsp; 10939770 |
| Total |  | &nbsp;&nbsp; 22871370 |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **22871370** |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $637,998,806) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $637,998,806) | &nbsp;&nbsp; **1017965254** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes 8.4%** | **Corporate Bonds & Notes 8.4%** | **Corporate Bonds & Notes 8.4%** | **Corporate Bonds & Notes 8.4%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Aerospace & Defense 0.9%** | **Aerospace & Defense 0.9%** | **Aerospace & Defense 0.9%** | **Aerospace & Defense 0.9%** |
| Allegheny Technologies, Inc. | Allegheny Technologies, Inc. | Allegheny Technologies, Inc. | Allegheny Technologies, Inc. |
| 10/01/2029 | &nbsp;&nbsp; 4.875% | 21000 | &nbsp;&nbsp; 20640 |
| 10/01/2031 | &nbsp;&nbsp; 5.125% | 33000 | &nbsp;&nbsp; 32484 |
| Axon Enterprise, Inc.<sup>(a)</sup>  | Axon Enterprise, Inc.<sup>(a)</sup>  | Axon Enterprise, Inc.<sup>(a)</sup>  | Axon Enterprise, Inc.<sup>(a)</sup>  |
| 03/15/2030 | &nbsp;&nbsp; 6.125% | 7000 | &nbsp;&nbsp; 7196 |
| BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  |
| 03/26/2029 | &nbsp;&nbsp; 5.125% | 803000 | &nbsp;&nbsp; 826988 |
| 02/15/2031 | &nbsp;&nbsp; 1.900% | 580000 | &nbsp;&nbsp; 510183 |
| Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) |
| 05/01/2040 | &nbsp;&nbsp; 5.705% | 1505000 | &nbsp;&nbsp; 1535982 |
| 08/01/2059 | &nbsp;&nbsp; 3.950% | 808000 | &nbsp;&nbsp; 580158 |
| L3Harris Technologies, Inc. | L3Harris Technologies, Inc. | L3Harris Technologies, Inc. | L3Harris Technologies, Inc. |
| 01/15/2027 | &nbsp;&nbsp; 5.400% | 3200000 | &nbsp;&nbsp; 3252360 |
| 07/31/2033 | &nbsp;&nbsp; 5.400% | 375000 | &nbsp;&nbsp; 390651 |
| Lockheed Martin Corp. | Lockheed Martin Corp. | Lockheed Martin Corp. | Lockheed Martin Corp. |
| 08/15/2030 | &nbsp;&nbsp; 4.400% | 800000 | &nbsp;&nbsp; 806881 |
| Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. |
| 02/01/2027 | &nbsp;&nbsp; 3.200% | 309000 | &nbsp;&nbsp; 305720 |
| 02/01/2029 | &nbsp;&nbsp; 4.600% | 1600000 | &nbsp;&nbsp; 1625261 |
| Raytheon Technologies Corp. | Raytheon Technologies Corp. | Raytheon Technologies Corp. | Raytheon Technologies Corp. |
| 03/15/2027 | &nbsp;&nbsp; 3.500% | 3235000 | &nbsp;&nbsp; 3209565 |
| 03/15/2032 | &nbsp;&nbsp; 2.375% | 1525000 | &nbsp;&nbsp; 1347964 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Spirit AeroSystems, Inc.<sup>(a)</sup>  | Spirit AeroSystems, Inc.<sup>(a)</sup>  | Spirit AeroSystems, Inc.<sup>(a)</sup>  | Spirit AeroSystems, Inc.<sup>(a)</sup>  |
| 11/30/2029 | &nbsp;&nbsp; 9.375% | 24000 | &nbsp;&nbsp; 25286 |
| 11/15/2030 | &nbsp;&nbsp; 9.750% | 11000 | &nbsp;&nbsp; 12098 |
| TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 6.750% | 20000 | &nbsp;&nbsp; 20405 |
| 03/01/2029 | &nbsp;&nbsp; 6.375% | 20000 | &nbsp;&nbsp; 20458 |
| 12/15/2030 | &nbsp;&nbsp; 6.875% | 68000 | &nbsp;&nbsp; 70470 |
| 03/01/2032 | &nbsp;&nbsp; 6.625% | 100000 | &nbsp;&nbsp; 103019 |
| 01/15/2033 | &nbsp;&nbsp; 6.000% | 31000 | &nbsp;&nbsp; 31344 |
| 05/31/2033 | &nbsp;&nbsp; 6.375% | 100000 | &nbsp;&nbsp; 101403 |
| 01/31/2034 | &nbsp;&nbsp; 6.250% | 11000 | &nbsp;&nbsp; 11322 |
| 01/31/2034 | &nbsp;&nbsp; 6.750% | 52000 | &nbsp;&nbsp; 53770 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **14901608** |
| **Airlines 0.0%** | **Airlines 0.0%** | **Airlines 0.0%** | **Airlines 0.0%** |
| American Airlines, Inc.<sup>(a)</sup>  | American Airlines, Inc.<sup>(a)</sup>  | American Airlines, Inc.<sup>(a)</sup>  | American Airlines, Inc.<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 8.500% | 59000 | &nbsp;&nbsp; 61548 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  |
| 04/20/2029 | &nbsp;&nbsp; 5.750% | 70290 | &nbsp;&nbsp; 70572 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **132120** |
| **Automotive 0.0%** | **Automotive 0.0%** | **Automotive 0.0%** | **Automotive 0.0%** |
| American Axle & Manufacturing, Inc. | American Axle & Manufacturing, Inc. | American Axle & Manufacturing, Inc. | American Axle & Manufacturing, Inc. |
| 10/01/2029 | &nbsp;&nbsp; 5.000% | 31000 | &nbsp;&nbsp; 29454 |
| American Axle & Manufacturing, Inc.<sup>(a),(c)</sup>  | American Axle & Manufacturing, Inc.<sup>(a),(c)</sup>  | American Axle & Manufacturing, Inc.<sup>(a),(c)</sup>  | American Axle & Manufacturing, Inc.<sup>(a),(c)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 6.375% | 24000 | &nbsp;&nbsp; 23959 |
| 10/15/2033 | &nbsp;&nbsp; 7.750% | 68000 | &nbsp;&nbsp; 68534 |
| Clarios Global LP/US Finance Co.<sup>(a)</sup>  | Clarios Global LP/US Finance Co.<sup>(a)</sup>  | Clarios Global LP/US Finance Co.<sup>(a)</sup>  | Clarios Global LP/US Finance Co.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 6.750% | 26000 | &nbsp;&nbsp; 26880 |
| 09/15/2032 | &nbsp;&nbsp; 6.750% | 43000 | &nbsp;&nbsp; 43949 |
| IHO Verwaltungs GmbH<sup>(a),(f)</sup>  | IHO Verwaltungs GmbH<sup>(a),(f)</sup>  | IHO Verwaltungs GmbH<sup>(a),(f)</sup>  | IHO Verwaltungs GmbH<sup>(a),(f)</sup>  |
| 11/15/2032 | &nbsp;&nbsp; 8.000% | 82000 | &nbsp;&nbsp; 86259 |
| Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  |
| 09/30/2030 | &nbsp;&nbsp; 6.125% | 25000 | &nbsp;&nbsp; 25012 |
| Nissan Motor Co., Ltd.<sup>(a)</sup>  | Nissan Motor Co., Ltd.<sup>(a)</sup>  | Nissan Motor Co., Ltd.<sup>(a)</sup>  | Nissan Motor Co., Ltd.<sup>(a)</sup>  |
| 07/17/2035 | &nbsp;&nbsp; 8.125% | 76000 | &nbsp;&nbsp; 81536 |
| ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  |
| 04/14/2030 | &nbsp;&nbsp; 7.125% | 41000 | &nbsp;&nbsp; 40601 |
| 03/24/2031 | &nbsp;&nbsp; 7.500% | 44000 | &nbsp;&nbsp; 43674 |
| 04/23/2032 | &nbsp;&nbsp; 6.875% | 92000 | &nbsp;&nbsp; 88143 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **558001** |
| **Banking 1.7%** | **Banking 1.7%** | **Banking 1.7%** | **Banking 1.7%** |
| Ally Financial, Inc.<sup>(g)</sup>  | Ally Financial, Inc.<sup>(g)</sup>  | Ally Financial, Inc.<sup>(g)</sup>  | Ally Financial, Inc.<sup>(g)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 01/17/2040 | &nbsp;&nbsp; 6.646% | 6000 | &nbsp;&nbsp; 5999 |
| Bank of America Corp.<sup>(g)</sup>  | Bank of America Corp.<sup>(g)</sup>  | Bank of America Corp.<sup>(g)</sup>  | Bank of America Corp.<sup>(g)</sup>  |
| 02/04/2033 | &nbsp;&nbsp; 2.972% | 5680000 | &nbsp;&nbsp; 5171917 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Citigroup, Inc.<sup>(g)</sup>  | Citigroup, Inc.<sup>(g)</sup>  | Citigroup, Inc.<sup>(g)</sup>  | Citigroup, Inc.<sup>(g)</sup>  |
| 09/11/2031 | &nbsp;&nbsp; 4.503% | 498000 | &nbsp;&nbsp; 498223 |
| 01/25/2033 | &nbsp;&nbsp; 3.057% | 2112000 | &nbsp;&nbsp; 1923951 |
| 09/11/2036 | &nbsp;&nbsp; 5.174% | 188000 | &nbsp;&nbsp; 189876 |
| Goldman Sachs Group, Inc. (The)<sup>(g)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(g)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(g)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(g)</sup>  |
| 04/22/2032 | &nbsp;&nbsp; 2.615% | 2900000 | &nbsp;&nbsp; 2628785 |
| HSBC Holdings PLC<sup>(g)</sup>  | HSBC Holdings PLC<sup>(g)</sup>  | HSBC Holdings PLC<sup>(g)</sup>  | HSBC Holdings PLC<sup>(g)</sup>  |
| 05/13/2031 | &nbsp;&nbsp; 5.240% | 378000 | &nbsp;&nbsp; 388805 |
| 05/24/2032 | &nbsp;&nbsp; 2.804% | 1500000 | &nbsp;&nbsp; 1358819 |
| 05/13/2036 | &nbsp;&nbsp; 5.790% | 52000 | &nbsp;&nbsp; 54806 |
| JPMorgan Chase & Co.<sup>(g)</sup>  | JPMorgan Chase & Co.<sup>(g)</sup>  | JPMorgan Chase & Co.<sup>(g)</sup>  | JPMorgan Chase & Co.<sup>(g)</sup>  |
| 07/22/2030 | &nbsp;&nbsp; 4.995% | 5119000 | &nbsp;&nbsp; 5250656 |
| 10/22/2030 | &nbsp;&nbsp; 4.603% | 36000 | &nbsp;&nbsp; 36405 |
| 01/24/2031 | &nbsp;&nbsp; 5.140% | 1279000 | &nbsp;&nbsp; 1320808 |
| 11/08/2032 | &nbsp;&nbsp; 2.545% | 445000 | &nbsp;&nbsp; 399250 |
| Morgan Stanley<sup>(g)</sup>  | Morgan Stanley<sup>(g)</sup>  | Morgan Stanley<sup>(g)</sup>  | Morgan Stanley<sup>(g)</sup>  |
| 10/18/2030 | &nbsp;&nbsp; 4.654% | 646000 | &nbsp;&nbsp; 653026 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 09/16/2036 | &nbsp;&nbsp; 2.484% | 1725000 | &nbsp;&nbsp; 1499164 |
| Morgan Stanley Private Bank NA<sup>(g)</sup>  | Morgan Stanley Private Bank NA<sup>(g)</sup>  | Morgan Stanley Private Bank NA<sup>(g)</sup>  | Morgan Stanley Private Bank NA<sup>(g)</sup>  |
| 07/18/2031 | &nbsp;&nbsp; 4.734% | 1676000 | &nbsp;&nbsp; 1701415 |
| PNC Financial Services Group, Inc. (The)<sup>(g)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(g)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(g)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(g)</sup>  |
| 01/22/2035 | &nbsp;&nbsp; 5.676% | 500000 | &nbsp;&nbsp; 527282 |
| Royal Bank of Canada<sup>(g)</sup>  | Royal Bank of Canada<sup>(g)</sup>  | Royal Bank of Canada<sup>(g)</sup>  | Royal Bank of Canada<sup>(g)</sup>  |
| 08/06/2029 | &nbsp;&nbsp; 4.498% | 1440000 | &nbsp;&nbsp; 1451107 |
| 10/18/2030 | &nbsp;&nbsp; 4.650% | 539000 | &nbsp;&nbsp; 545467 |
| 02/04/2031 | &nbsp;&nbsp; 5.153% | 307000 | &nbsp;&nbsp; 316294 |
| 08/06/2031 | &nbsp;&nbsp; 4.696% | 254000 | &nbsp;&nbsp; 257337 |
| US Bancorp<sup>(g)</sup>  | US Bancorp<sup>(g)</sup>  | US Bancorp<sup>(g)</sup>  | US Bancorp<sup>(g)</sup>  |
| 06/12/2034 | &nbsp;&nbsp; 5.836% | 525000 | &nbsp;&nbsp; 559190 |
| Wells Fargo & Co.<sup>(g)</sup>  | Wells Fargo & Co.<sup>(g)</sup>  | Wells Fargo & Co.<sup>(g)</sup>  | Wells Fargo & Co.<sup>(g)</sup>  |
| 04/24/2034 | &nbsp;&nbsp; 5.389% | 2000000 | &nbsp;&nbsp; 2078044 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **28816626** |
| **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** |
| AG Issuer LLC<sup>(a)</sup>  | AG Issuer LLC<sup>(a)</sup>  | AG Issuer LLC<sup>(a)</sup>  | AG Issuer LLC<sup>(a)</sup>  |
| 03/01/2028 | &nbsp;&nbsp; 6.250% | 41000 | &nbsp;&nbsp; 41082 |
| Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  |
| 08/15/2030 | &nbsp;&nbsp; 10.000% | 65000 | &nbsp;&nbsp; 70917 |
| Aretec Escrow Issuer, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 7.500% | 98000 | &nbsp;&nbsp; 98512 |
| Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  |
| 09/15/2031 | &nbsp;&nbsp; 6.750% | 51000 | &nbsp;&nbsp; 52260 |
| Hightower Holding LLC<sup>(a)</sup>  | Hightower Holding LLC<sup>(a)</sup>  | Hightower Holding LLC<sup>(a)</sup>  | Hightower Holding LLC<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.750% | 62000 | &nbsp;&nbsp; 61075 |
| 01/31/2030 | &nbsp;&nbsp; 9.125% | 59000 | &nbsp;&nbsp; 62904 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Osaic Holdings, Inc.<sup>(a)</sup>  | Osaic Holdings, Inc.<sup>(a)</sup>  | Osaic Holdings, Inc.<sup>(a)</sup>  | Osaic Holdings, Inc.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 6.750% | 42000 | &nbsp;&nbsp; 43327 |
| 08/01/2033 | &nbsp;&nbsp; 8.000% | 59000 | &nbsp;&nbsp; 61171 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **491248** |
| **Building Materials 0.0%** | **Building Materials 0.0%** | **Building Materials 0.0%** | **Building Materials 0.0%** |
| American Builders & Contractors Supply Co., Inc.<sup>(a)</sup>  | American Builders & Contractors Supply Co., Inc.<sup>(a)</sup>  | American Builders & Contractors Supply Co., Inc.<sup>(a)</sup>  | American Builders & Contractors Supply Co., Inc.<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 3.875% | 54000 | &nbsp;&nbsp; 51208 |
| CP Atlas Buyer, Inc.<sup>(a)</sup>  | CP Atlas Buyer, Inc.<sup>(a)</sup>  | CP Atlas Buyer, Inc.<sup>(a)</sup>  | CP Atlas Buyer, Inc.<sup>(a)</sup>  |
| 07/15/2030 | &nbsp;&nbsp; 9.750% | 22000 | &nbsp;&nbsp; 23136 |
| Interface, Inc.<sup>(a)</sup>  | Interface, Inc.<sup>(a)</sup>  | Interface, Inc.<sup>(a)</sup>  | Interface, Inc.<sup>(a)</sup>  |
| 12/01/2028 | &nbsp;&nbsp; 5.500% | 23000 | &nbsp;&nbsp; 22994 |
| James Hardie International Finance DAC<sup>(a)</sup>  | James Hardie International Finance DAC<sup>(a)</sup>  | James Hardie International Finance DAC<sup>(a)</sup>  | James Hardie International Finance DAC<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 5.000% | 52000 | &nbsp;&nbsp; 51663 |
| JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  |
| 01/31/2031 | &nbsp;&nbsp; 5.875% | 10000 | &nbsp;&nbsp; 10164 |
| 07/31/2032 | &nbsp;&nbsp; 6.125% | 17000 | &nbsp;&nbsp; 17419 |
| LBM Acquisition LLC<sup>(a)</sup>  | LBM Acquisition LLC<sup>(a)</sup>  | LBM Acquisition LLC<sup>(a)</sup>  | LBM Acquisition LLC<sup>(a)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 6.250% | 25000 | &nbsp;&nbsp; 23153 |
| 06/15/2031 | &nbsp;&nbsp; 9.500% | 50000 | &nbsp;&nbsp; 52723 |
| Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 6.375% | 74000 | &nbsp;&nbsp; 76671 |
| 03/01/2033 | &nbsp;&nbsp; 6.750% | 40000 | &nbsp;&nbsp; 41569 |
| QXO Building Products, Inc.<sup>(a)</sup>  | QXO Building Products, Inc.<sup>(a)</sup>  | QXO Building Products, Inc.<sup>(a)</sup>  | QXO Building Products, Inc.<sup>(a)</sup>  |
| 04/30/2032 | &nbsp;&nbsp; 6.750% | 44000 | &nbsp;&nbsp; 45686 |
| Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 6.500% | 36000 | &nbsp;&nbsp; 36961 |
| 08/01/2033 | &nbsp;&nbsp; 6.250% | 19000 | &nbsp;&nbsp; 19264 |
| Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 4.750% | 46000 | &nbsp;&nbsp; 45621 |
| White Cap Buyer LLC<sup>(a)</sup>  | White Cap Buyer LLC<sup>(a)</sup>  | White Cap Buyer LLC<sup>(a)</sup>  | White Cap Buyer LLC<sup>(a)</sup>  |
| 10/15/2028 | &nbsp;&nbsp; 6.875% | 103000 | &nbsp;&nbsp; 102999 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **621231** |
| **Cable and Satellite 0.3%** | **Cable and Satellite 0.3%** | **Cable and Satellite 0.3%** | **Cable and Satellite 0.3%** |
| CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  |
| 05/01/2027 | &nbsp;&nbsp; 5.125% | 55000 | &nbsp;&nbsp; 54656 |
| 02/01/2028 | &nbsp;&nbsp; 5.000% | 62000 | &nbsp;&nbsp; 61425 |
| 03/01/2030 | &nbsp;&nbsp; 4.750% | 131000 | &nbsp;&nbsp; 125714 |
| 08/15/2030 | &nbsp;&nbsp; 4.500% | 144000 | &nbsp;&nbsp; 136012 |
| 02/01/2032 | &nbsp;&nbsp; 4.750% | 56000 | &nbsp;&nbsp; 51798 |
| CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. |
| 05/01/2032 | &nbsp;&nbsp; 4.500% | 57000 | &nbsp;&nbsp; 51880 |
| Charter Communications Operating LLC | Charter Communications Operating LLC | Charter Communications Operating LLC | Charter Communications Operating LLC |
| 06/30/2062 | &nbsp;&nbsp; 3.950% | 700000 | &nbsp;&nbsp; 442589 |
| Comcast Corp. | Comcast Corp. | Comcast Corp. | Comcast Corp. |
| 03/01/2026 | &nbsp;&nbsp; 3.150% | 562000 | &nbsp;&nbsp; 559655 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  |
| 04/15/2027 | &nbsp;&nbsp; 5.500% | 9000 | &nbsp;&nbsp; 8547 |
| 02/01/2028 | &nbsp;&nbsp; 5.375% | 18000 | &nbsp;&nbsp; 15840 |
| 02/01/2029 | &nbsp;&nbsp; 6.500% | 86000 | &nbsp;&nbsp; 63526 |
| 01/15/2030 | &nbsp;&nbsp; 5.750% | 43000 | &nbsp;&nbsp; 16377 |
| 12/01/2030 | &nbsp;&nbsp; 4.125% | 12000 | &nbsp;&nbsp; 7861 |
| 02/15/2031 | &nbsp;&nbsp; 3.375% | 52000 | &nbsp;&nbsp; 33579 |
| DISH DBS Corp.<sup>(a)</sup>  | DISH DBS Corp.<sup>(a)</sup>  | DISH DBS Corp.<sup>(a)</sup>  | DISH DBS Corp.<sup>(a)</sup>  |
| 12/01/2026 | &nbsp;&nbsp; 5.250% | 30000 | &nbsp;&nbsp; 29479 |
| 12/01/2028 | &nbsp;&nbsp; 5.750% | 28000 | &nbsp;&nbsp; 26849 |
| DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  |
| 11/15/2027 | &nbsp;&nbsp; 11.750% | 92000 | &nbsp;&nbsp; 97376 |
| EchoStar Corp. | EchoStar Corp. | EchoStar Corp. | EchoStar Corp. |
| 11/30/2029 | &nbsp;&nbsp; 10.750% | 134611 | &nbsp;&nbsp; 148108 |
| Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  |
| 08/01/2027 | &nbsp;&nbsp; 5.000% | 21000 | &nbsp;&nbsp; 20902 |
| 07/01/2029 | &nbsp;&nbsp; 5.500% | 18000 | &nbsp;&nbsp; 18001 |
| Time Warner Cable LLC | Time Warner Cable LLC | Time Warner Cable LLC | Time Warner Cable LLC |
| 05/01/2037 | &nbsp;&nbsp; 6.550% | 1975000 | &nbsp;&nbsp; 2051887 |
| Virgin Media Finance PLC<sup>(a)</sup>  | Virgin Media Finance PLC<sup>(a)</sup>  | Virgin Media Finance PLC<sup>(a)</sup>  | Virgin Media Finance PLC<sup>(a)</sup>  |
| 07/15/2030 | &nbsp;&nbsp; 5.000% | 47000 | &nbsp;&nbsp; 43628 |
| Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 5.500% | 42000 | &nbsp;&nbsp; 41475 |
| 08/15/2030 | &nbsp;&nbsp; 4.500% | 31000 | &nbsp;&nbsp; 29232 |
| VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 5.000% | 128000 | &nbsp;&nbsp; 115823 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4252219** |
| **Chemicals 0.1%** | **Chemicals 0.1%** | **Chemicals 0.1%** | **Chemicals 0.1%** |
| Avient Corp.<sup>(a)</sup>  | Avient Corp.<sup>(a)</sup>  | Avient Corp.<sup>(a)</sup>  | Avient Corp.<sup>(a)</sup>  |
| 11/01/2031 | &nbsp;&nbsp; 6.250% | 23000 | &nbsp;&nbsp; 23355 |
| Axalta Coating Systems LLC<sup>(a)</sup>  | Axalta Coating Systems LLC<sup>(a)</sup>  | Axalta Coating Systems LLC<sup>(a)</sup>  | Axalta Coating Systems LLC<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 3.375% | 24000 | &nbsp;&nbsp; 22760 |
| Axalta Coating Systems LLC/Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems LLC/Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems LLC/Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems LLC/Dutch Holding B BV<sup>(a)</sup>  |
| 06/15/2027 | &nbsp;&nbsp; 4.750% | 35000 | &nbsp;&nbsp; 34837 |
| Celanese US Holdings LLC | Celanese US Holdings LLC | Celanese US Holdings LLC | Celanese US Holdings LLC |
| 04/15/2030 | &nbsp;&nbsp; 6.500% | 31000 | &nbsp;&nbsp; 31208 |
| 07/15/2032 | &nbsp;&nbsp; 6.879% | 11000 | &nbsp;&nbsp; 11254 |
| 04/15/2033 | &nbsp;&nbsp; 6.750% | 70000 | &nbsp;&nbsp; 69688 |
| 11/15/2033 | &nbsp;&nbsp; 7.200% | 24000 | &nbsp;&nbsp; 24944 |
| Cheever Escrow Issuer LLC<sup>(a)</sup>  | Cheever Escrow Issuer LLC<sup>(a)</sup>  | Cheever Escrow Issuer LLC<sup>(a)</sup>  | Cheever Escrow Issuer LLC<sup>(a)</sup>  |
| 10/01/2027 | &nbsp;&nbsp; 7.125% | 17000 | &nbsp;&nbsp; 17311 |
| Element Solutions, Inc.<sup>(a)</sup>  | Element Solutions, Inc.<sup>(a)</sup>  | Element Solutions, Inc.<sup>(a)</sup>  | Element Solutions, Inc.<sup>(a)</sup>  |
| 09/01/2028 | &nbsp;&nbsp; 3.875% | 21000 | &nbsp;&nbsp; 20380 |
| HB Fuller Co. | HB Fuller Co. | HB Fuller Co. | HB Fuller Co. |
| 10/15/2028 | &nbsp;&nbsp; 4.250% | 29000 | &nbsp;&nbsp; 28198 |
| Herens Holdco Sarl<sup>(a)</sup>  | Herens Holdco Sarl<sup>(a)</sup>  | Herens Holdco Sarl<sup>(a)</sup>  | Herens Holdco Sarl<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 4.750% | 26000 | &nbsp;&nbsp; 22729 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| INEOS Finance PLC<sup>(a)</sup>  | INEOS Finance PLC<sup>(a)</sup>  | INEOS Finance PLC<sup>(a)</sup>  | INEOS Finance PLC<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 6.750% | 20000 | &nbsp;&nbsp; 19619 |
| 04/15/2029 | &nbsp;&nbsp; 7.500% | 95000 | &nbsp;&nbsp; 93086 |
| INEOS Quattro Finance 2 PLC<sup>(a)</sup>  | INEOS Quattro Finance 2 PLC<sup>(a)</sup>  | INEOS Quattro Finance 2 PLC<sup>(a)</sup>  | INEOS Quattro Finance 2 PLC<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 9.625% | 99000 | &nbsp;&nbsp; 98418 |
| Innophos Holdings, Inc.<sup>(a)</sup>  | Innophos Holdings, Inc.<sup>(a)</sup>  | Innophos Holdings, Inc.<sup>(a)</sup>  | Innophos Holdings, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 11.500% | 58550 | &nbsp;&nbsp; 57764 |
| Inversion Escrow Issuer LLC<sup>(a)</sup>  | Inversion Escrow Issuer LLC<sup>(a)</sup>  | Inversion Escrow Issuer LLC<sup>(a)</sup>  | Inversion Escrow Issuer LLC<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 6.750% | 65000 | &nbsp;&nbsp; 64071 |
| Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 4.250% | 42000 | &nbsp;&nbsp; 40392 |
| 11/15/2028 | &nbsp;&nbsp; 9.750% | 69000 | &nbsp;&nbsp; 72401 |
| 10/01/2029 | &nbsp;&nbsp; 6.250% | 47000 | &nbsp;&nbsp; 45611 |
| 06/15/2031 | &nbsp;&nbsp; 7.250% | 68000 | &nbsp;&nbsp; 68950 |
| Olympus Water US Holding Corp.<sup>(a),(c)</sup>  | Olympus Water US Holding Corp.<sup>(a),(c)</sup>  | Olympus Water US Holding Corp.<sup>(a),(c)</sup>  | Olympus Water US Holding Corp.<sup>(a),(c)</sup>  |
| 02/15/2033 | &nbsp;&nbsp; 7.250% | 42000 | &nbsp;&nbsp; 42024 |
| Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 5.750% | 24000 | &nbsp;&nbsp; 24209 |
| 08/15/2033 | &nbsp;&nbsp; 6.250% | 19000 | &nbsp;&nbsp; 19423 |
| Tronox, Inc.<sup>(a)</sup>  | Tronox, Inc.<sup>(a)</sup>  | Tronox, Inc.<sup>(a)</sup>  | Tronox, Inc.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 4.625% | 42000 | &nbsp;&nbsp; 27419 |
| 09/30/2030 | &nbsp;&nbsp; 9.125% | 39000 | &nbsp;&nbsp; 38210 |
| WR Grace Holdings LLC<sup>(a)</sup>  | WR Grace Holdings LLC<sup>(a)</sup>  | WR Grace Holdings LLC<sup>(a)</sup>  | WR Grace Holdings LLC<sup>(a)</sup>  |
| 06/15/2027 | &nbsp;&nbsp; 4.875% | 13000 | &nbsp;&nbsp; 12922 |
| 08/15/2029 | &nbsp;&nbsp; 5.625% | 124000 | &nbsp;&nbsp; 115363 |
| 03/01/2031 | &nbsp;&nbsp; 7.375% | 13000 | &nbsp;&nbsp; 13248 |
| 08/15/2032 | &nbsp;&nbsp; 6.625% | 84000 | &nbsp;&nbsp; 83065 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1242859** |
| **Construction Machinery 0.1%** | **Construction Machinery 0.1%** | **Construction Machinery 0.1%** | **Construction Machinery 0.1%** |
| Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. |
| 10/16/2026 | &nbsp;&nbsp; 4.450% | 732000 | &nbsp;&nbsp; 736538 |
| Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 5.500% | 26000 | &nbsp;&nbsp; 25941 |
| 06/15/2029 | &nbsp;&nbsp; 6.625% | 34000 | &nbsp;&nbsp; 34938 |
| 06/15/2030 | &nbsp;&nbsp; 7.000% | 36000 | &nbsp;&nbsp; 37398 |
| 06/15/2033 | &nbsp;&nbsp; 7.250% | 99000 | &nbsp;&nbsp; 103436 |
| John Deere Capital Corp. | John Deere Capital Corp. | John Deere Capital Corp. | John Deere Capital Corp. |
| 07/14/2028 | &nbsp;&nbsp; 4.950% | 1100000 | &nbsp;&nbsp; 1129415 |
| Ritchie Bros Holdings, Inc.<sup>(a)</sup>  | Ritchie Bros Holdings, Inc.<sup>(a)</sup>  | Ritchie Bros Holdings, Inc.<sup>(a)</sup>  | Ritchie Bros Holdings, Inc.<sup>(a)</sup>  |
| 03/15/2031 | &nbsp;&nbsp; 7.750% | 60000 | &nbsp;&nbsp; 62794 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2130460** |
| **Consumer Cyclical Services 0.0%** | **Consumer Cyclical Services 0.0%** | **Consumer Cyclical Services 0.0%** | **Consumer Cyclical Services 0.0%** |
| Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 4.250% | 66000 | &nbsp;&nbsp; 64678 |
| 12/01/2028 | &nbsp;&nbsp; 6.125% | 105000 | &nbsp;&nbsp; 102950 |
| Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 3.625% | 4000 | &nbsp;&nbsp; 3626 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  |
| 12/15/2027 | &nbsp;&nbsp; 5.000% | 8000 | &nbsp;&nbsp; 7976 |
| 06/01/2028 | &nbsp;&nbsp; 4.625% | 22000 | &nbsp;&nbsp; 21620 |
| 02/15/2029 | &nbsp;&nbsp; 5.625% | 54000 | &nbsp;&nbsp; 53863 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **254713** |
| **Consumer Products 0.0%** | **Consumer Products 0.0%** | **Consumer Products 0.0%** | **Consumer Products 0.0%** |
| CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  | CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  | CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  | CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  |
| 10/15/2029 | &nbsp;&nbsp; 9.500% | 78000 | &nbsp;&nbsp; 61455 |
| Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 8.500% | 26000 | &nbsp;&nbsp; 27572 |
| Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. |
| 05/15/2030 | &nbsp;&nbsp; 6.375% | 29000 | &nbsp;&nbsp; 28741 |
| 05/15/2032 | &nbsp;&nbsp; 6.625% | 28000 | &nbsp;&nbsp; 27632 |
| Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  |
| 03/31/2032 | &nbsp;&nbsp; 6.500% | 41000 | &nbsp;&nbsp; 41998 |
| Scotts Miracle-Gro Co. (The) | Scotts Miracle-Gro Co. (The) | Scotts Miracle-Gro Co. (The) | Scotts Miracle-Gro Co. (The) |
| 04/01/2031 | &nbsp;&nbsp; 4.000% | 10000 | &nbsp;&nbsp; 9218 |
| 02/01/2032 | &nbsp;&nbsp; 4.375% | 46000 | &nbsp;&nbsp; 42458 |
| Whirlpool Corp. | Whirlpool Corp. | Whirlpool Corp. | Whirlpool Corp. |
| 06/15/2030 | &nbsp;&nbsp; 6.125% | 8000 | &nbsp;&nbsp; 8069 |
| 06/15/2033 | &nbsp;&nbsp; 6.500% | 8000 | &nbsp;&nbsp; 7985 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **255128** |
| **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** |
| Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.375% | 7000 | &nbsp;&nbsp; 7191 |
| Chart Industries, Inc.<sup>(a)</sup>  | Chart Industries, Inc.<sup>(a)</sup>  | Chart Industries, Inc.<sup>(a)</sup>  | Chart Industries, Inc.<sup>(a)</sup>  |
| 01/01/2030 | &nbsp;&nbsp; 7.500% | 21000 | &nbsp;&nbsp; 21882 |
| Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  |
| 12/15/2030 | &nbsp;&nbsp; 6.625% | 102000 | &nbsp;&nbsp; 104935 |
| EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  |
| 07/15/2031 | &nbsp;&nbsp; 6.750% | 20000 | &nbsp;&nbsp; 20785 |
| Esab Corp.<sup>(a)</sup>  | Esab Corp.<sup>(a)</sup>  | Esab Corp.<sup>(a)</sup>  | Esab Corp.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.250% | 16000 | &nbsp;&nbsp; 16443 |
| Gates Corp. (The)<sup>(a)</sup>  | Gates Corp. (The)<sup>(a)</sup>  | Gates Corp. (The)<sup>(a)</sup>  | Gates Corp. (The)<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 6.875% | 10000 | &nbsp;&nbsp; 10375 |
| Madison IAQ LLC<sup>(a)</sup>  | Madison IAQ LLC<sup>(a)</sup>  | Madison IAQ LLC<sup>(a)</sup>  | Madison IAQ LLC<sup>(a)</sup>  |
| 06/30/2029 | &nbsp;&nbsp; 5.875% | 76000 | &nbsp;&nbsp; 75086 |
| Resideo Funding, Inc.<sup>(a)</sup>  | Resideo Funding, Inc.<sup>(a)</sup>  | Resideo Funding, Inc.<sup>(a)</sup>  | Resideo Funding, Inc.<sup>(a)</sup>  |
| 09/01/2029 | &nbsp;&nbsp; 4.000% | 21000 | &nbsp;&nbsp; 20052 |
| Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 5.250% | 62000 | &nbsp;&nbsp; 61848 |
| Wesco Distribution, Inc.<sup>(a)</sup>  | Wesco Distribution, Inc.<sup>(a)</sup>  | Wesco Distribution, Inc.<sup>(a)</sup>  | Wesco Distribution, Inc.<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.375% | 63000 | &nbsp;&nbsp; 65300 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  |
| 06/15/2028 | &nbsp;&nbsp; 7.250% | 29000 | &nbsp;&nbsp; 29397 |
| 03/15/2029 | &nbsp;&nbsp; 6.375% | 11000 | &nbsp;&nbsp; 11327 |
| 03/15/2032 | &nbsp;&nbsp; 6.625% | 47000 | &nbsp;&nbsp; 48900 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **493521** |
| **Electric 0.7%** | **Electric 0.7%** | **Electric 0.7%** | **Electric 0.7%** |
| Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 6.750% | 30000 | &nbsp;&nbsp; 30998 |
| California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  | California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  | California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  | California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 6.375% | 31000 | &nbsp;&nbsp; 31762 |
| Clearway Energy Operating LLC<sup>(a)</sup>  | Clearway Energy Operating LLC<sup>(a)</sup>  | Clearway Energy Operating LLC<sup>(a)</sup>  | Clearway Energy Operating LLC<sup>(a)</sup>  |
| 03/15/2028 | &nbsp;&nbsp; 4.750% | 59000 | &nbsp;&nbsp; 58268 |
| 02/15/2031 | &nbsp;&nbsp; 3.750% | 117000 | &nbsp;&nbsp; 107408 |
| 01/15/2032 | &nbsp;&nbsp; 3.750% | 16000 | &nbsp;&nbsp; 14390 |
| Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. |
| 03/15/2035 | &nbsp;&nbsp; 5.450% | 685000 | &nbsp;&nbsp; 702101 |
| DTE Energy Co. | DTE Energy Co. | DTE Energy Co. | DTE Energy Co. |
| 07/01/2027 | &nbsp;&nbsp; 4.950% | 825000 | &nbsp;&nbsp; 835581 |
| Duke Energy Corp. | Duke Energy Corp. | Duke Energy Corp. | Duke Energy Corp. |
| 08/15/2052 | &nbsp;&nbsp; 5.000% | 1158000 | &nbsp;&nbsp; 1043406 |
| Duke Energy Indiana LLC | Duke Energy Indiana LLC | Duke Energy Indiana LLC | Duke Energy Indiana LLC |
| 04/01/2053 | &nbsp;&nbsp; 5.400% | 273000 | &nbsp;&nbsp; 266603 |
| Edison International | Edison International | Edison International | Edison International |
| 11/15/2028 | &nbsp;&nbsp; 5.250% | 834000 | &nbsp;&nbsp; 840480 |
| Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.750% | 42000 | &nbsp;&nbsp; 43172 |
| NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. |
| 09/01/2027 | &nbsp;&nbsp; 4.685% | 996000 | &nbsp;&nbsp; 1007069 |
| 03/15/2035 | &nbsp;&nbsp; 5.450% | 2300000 | &nbsp;&nbsp; 2378375 |
| NextEra Energy Operating Partners LP<sup>(a)</sup>  | NextEra Energy Operating Partners LP<sup>(a)</sup>  | NextEra Energy Operating Partners LP<sup>(a)</sup>  | NextEra Energy Operating Partners LP<sup>(a)</sup>  |
| 09/15/2027 | &nbsp;&nbsp; 4.500% | 34000 | &nbsp;&nbsp; 33357 |
| 01/15/2029 | &nbsp;&nbsp; 7.250% | 92000 | &nbsp;&nbsp; 94415 |
| NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 3.375% | 28000 | &nbsp;&nbsp; 26481 |
| 06/15/2029 | &nbsp;&nbsp; 5.250% | 21000 | &nbsp;&nbsp; 20948 |
| 07/15/2029 | &nbsp;&nbsp; 5.750% | 47000 | &nbsp;&nbsp; 47058 |
| 02/15/2031 | &nbsp;&nbsp; 3.625% | 22000 | &nbsp;&nbsp; 20337 |
| 02/15/2032 | &nbsp;&nbsp; 3.875% | 7000 | &nbsp;&nbsp; 6455 |
| 02/01/2033 | &nbsp;&nbsp; 6.000% | 41000 | &nbsp;&nbsp; 41618 |
| 11/01/2034 | &nbsp;&nbsp; 6.250% | 12000 | &nbsp;&nbsp; 12305 |
| NRG Energy, Inc.<sup>(a),(c)</sup>  | NRG Energy, Inc.<sup>(a),(c)</sup>  | NRG Energy, Inc.<sup>(a),(c)</sup>  | NRG Energy, Inc.<sup>(a),(c)</sup>  |
| 01/15/2034 | &nbsp;&nbsp; 5.750% | 36000 | &nbsp;&nbsp; 35961 |
| 01/15/2036 | &nbsp;&nbsp; 6.000% | 36000 | &nbsp;&nbsp; 36016 |
| Ohio Edison Co.<sup>(a)</sup>  | Ohio Edison Co.<sup>(a)</sup>  | Ohio Edison Co.<sup>(a)</sup>  | Ohio Edison Co.<sup>(a)</sup>  |
| 01/15/2033 | &nbsp;&nbsp; 5.500% | 1150000 | &nbsp;&nbsp; 1194724 |
| Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. |
| 01/15/2053 | &nbsp;&nbsp; 6.750% | 1650000 | &nbsp;&nbsp; 1777577 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| PG&E Corp.<sup>(g)</sup>  | PG&E Corp.<sup>(g)</sup>  | PG&E Corp.<sup>(g)</sup>  | PG&E Corp.<sup>(g)</sup>  |
| 03/15/2055 | &nbsp;&nbsp; 7.375% | 25000 | &nbsp;&nbsp; 25735 |
| TerraForm Power Operating LLC<sup>(a)</sup>  | TerraForm Power Operating LLC<sup>(a)</sup>  | TerraForm Power Operating LLC<sup>(a)</sup>  | TerraForm Power Operating LLC<sup>(a)</sup>  |
| 01/31/2028 | &nbsp;&nbsp; 5.000% | 42000 | &nbsp;&nbsp; 41753 |
| 01/15/2030 | &nbsp;&nbsp; 4.750% | 76000 | &nbsp;&nbsp; 73457 |
| Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  |
| 02/15/2027 | &nbsp;&nbsp; 5.625% | 17000 | &nbsp;&nbsp; 17006 |
| 07/31/2027 | &nbsp;&nbsp; 5.000% | 39000 | &nbsp;&nbsp; 38952 |
| 10/15/2031 | &nbsp;&nbsp; 7.750% | 75000 | &nbsp;&nbsp; 79463 |
| 04/15/2032 | &nbsp;&nbsp; 6.875% | 73000 | &nbsp;&nbsp; 76374 |
| XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 8.375% | 23000 | &nbsp;&nbsp; 24116 |
| 03/15/2033 | &nbsp;&nbsp; 8.625% | 49000 | &nbsp;&nbsp; 51411 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **11135132** |
| **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** |
| GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 6.750% | 49000 | &nbsp;&nbsp; 51292 |
| Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  |
| 02/01/2033 | &nbsp;&nbsp; 7.000% | 50000 | &nbsp;&nbsp; 51934 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **103226** |
| **Finance Companies 0.1%** | **Finance Companies 0.1%** | **Finance Companies 0.1%** | **Finance Companies 0.1%** |
| CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 6.500% | 24000 | &nbsp;&nbsp; 24076 |
| GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  |
| 02/15/2027 | &nbsp;&nbsp; 8.000% | 12000 | &nbsp;&nbsp; 12285 |
| 04/15/2029 | &nbsp;&nbsp; 6.875% | 37000 | &nbsp;&nbsp; 38414 |
| 03/15/2030 | &nbsp;&nbsp; 5.875% | 52000 | &nbsp;&nbsp; 52819 |
| goeasy Ltd.<sup>(a)</sup>  | goeasy Ltd.<sup>(a)</sup>  | goeasy Ltd.<sup>(a)</sup>  | goeasy Ltd.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 7.625% | 19000 | &nbsp;&nbsp; 19272 |
| 05/15/2030 | &nbsp;&nbsp; 6.875% | 8000 | &nbsp;&nbsp; 7958 |
| 10/01/2030 | &nbsp;&nbsp; 7.375% | 8000 | &nbsp;&nbsp; 8070 |
| Navient Corp. | Navient Corp. | Navient Corp. | Navient Corp. |
| 03/15/2029 | &nbsp;&nbsp; 5.500% | 7000 | &nbsp;&nbsp; 6864 |
| 03/15/2031 | &nbsp;&nbsp; 11.500% | 55000 | &nbsp;&nbsp; 62070 |
| 08/01/2033 | &nbsp;&nbsp; 5.625% | 42000 | &nbsp;&nbsp; 38335 |
| OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. |
| 01/15/2027 | &nbsp;&nbsp; 3.500% | 19000 | &nbsp;&nbsp; 18567 |
| 05/15/2029 | &nbsp;&nbsp; 6.625% | 69000 | &nbsp;&nbsp; 71010 |
| 03/15/2030 | &nbsp;&nbsp; 7.875% | 31000 | &nbsp;&nbsp; 32791 |
| 05/15/2031 | &nbsp;&nbsp; 7.500% | 57000 | &nbsp;&nbsp; 59635 |
| 11/15/2031 | &nbsp;&nbsp; 7.125% | 15000 | &nbsp;&nbsp; 15570 |
| 03/15/2032 | &nbsp;&nbsp; 6.750% | 52000 | &nbsp;&nbsp; 52843 |
| 03/15/2033 | &nbsp;&nbsp; 6.500% | 58000 | &nbsp;&nbsp; 58091 |
| Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  | Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  | Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  | Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  |
| 09/15/2029 | &nbsp;&nbsp; 9.750% | 75000 | &nbsp;&nbsp; 79335 |
| Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 6.125% | 20000 | &nbsp;&nbsp; 20532 |
| 08/01/2033 | &nbsp;&nbsp; 6.375% | 25000 | &nbsp;&nbsp; 25825 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  |
| 03/01/2029 | &nbsp;&nbsp; 3.625% | 13000 | &nbsp;&nbsp; 12407 |
| 03/01/2031 | &nbsp;&nbsp; 3.875% | 32000 | &nbsp;&nbsp; 29896 |
| 10/15/2033 | &nbsp;&nbsp; 4.000% | 141000 | &nbsp;&nbsp; 128819 |
| United Wholesale Mortgage LLC<sup>(a)</sup>  | United Wholesale Mortgage LLC<sup>(a)</sup>  | United Wholesale Mortgage LLC<sup>(a)</sup>  | United Wholesale Mortgage LLC<sup>(a)</sup>  |
| 11/15/2025 | &nbsp;&nbsp; 5.500% | 30000 | &nbsp;&nbsp; 30003 |
| 06/15/2027 | &nbsp;&nbsp; 5.750% | 7000 | &nbsp;&nbsp; 6994 |
| 04/15/2029 | &nbsp;&nbsp; 5.500% | 56000 | &nbsp;&nbsp; 55324 |
| UWM Holdings LLC<sup>(a)</sup>  | UWM Holdings LLC<sup>(a)</sup>  | UWM Holdings LLC<sup>(a)</sup>  | UWM Holdings LLC<sup>(a)</sup>  |
| 02/01/2030 | &nbsp;&nbsp; 6.625% | 52000 | &nbsp;&nbsp; 52900 |
| 03/15/2031 | &nbsp;&nbsp; 6.250% | 63000 | &nbsp;&nbsp; 62711 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1083416** |
| **Food and Beverage 0.9%** | **Food and Beverage 0.9%** | **Food and Beverage 0.9%** | **Food and Beverage 0.9%** |
| Bacardi Ltd.<sup>(a)</sup>  | Bacardi Ltd.<sup>(a)</sup>  | Bacardi Ltd.<sup>(a)</sup>  | Bacardi Ltd.<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 4.700% | 241000 | &nbsp;&nbsp; 242870 |
| 05/15/2038 | &nbsp;&nbsp; 5.150% | 3500000 | &nbsp;&nbsp; 3308974 |
| Campbell Soup Co. | Campbell Soup Co. | Campbell Soup Co. | Campbell Soup Co. |
| 03/23/2035 | &nbsp;&nbsp; 4.750% | 1230000 | &nbsp;&nbsp; 1192124 |
| Chobani Holdco II LLC<sup>(a),(f)</sup>  | Chobani Holdco II LLC<sup>(a),(f)</sup>  | Chobani Holdco II LLC<sup>(a),(f)</sup>  | Chobani Holdco II LLC<sup>(a),(f)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 8.750% | 36468 | &nbsp;&nbsp; 38646 |
| Chobani LLC/Finance Corp., Inc.<sup>(a)</sup>  | Chobani LLC/Finance Corp., Inc.<sup>(a)</sup>  | Chobani LLC/Finance Corp., Inc.<sup>(a)</sup>  | Chobani LLC/Finance Corp., Inc.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 7.625% | 14000 | &nbsp;&nbsp; 14594 |
| Constellation Brands, Inc. | Constellation Brands, Inc. | Constellation Brands, Inc. | Constellation Brands, Inc. |
| 08/01/2029 | &nbsp;&nbsp; 3.150% | 612000 | &nbsp;&nbsp; 587262 |
| Darling Ingredients, Inc.<sup>(a)</sup>  | Darling Ingredients, Inc.<sup>(a)</sup>  | Darling Ingredients, Inc.<sup>(a)</sup>  | Darling Ingredients, Inc.<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 6.000% | 50000 | &nbsp;&nbsp; 50576 |
| Diageo Investment Corp. | Diageo Investment Corp. | Diageo Investment Corp. | Diageo Investment Corp. |
| 08/15/2030 | &nbsp;&nbsp; 5.125% | 2340000 | &nbsp;&nbsp; 2424694 |
| General Mills, Inc. | General Mills, Inc. | General Mills, Inc. | General Mills, Inc. |
| 01/30/2027 | &nbsp;&nbsp; 4.700% | 435000 | &nbsp;&nbsp; 438386 |
| Heineken NV<sup>(a)</sup>  | Heineken NV<sup>(a)</sup>  | Heineken NV<sup>(a)</sup>  | Heineken NV<sup>(a)</sup>  |
| 01/29/2028 | &nbsp;&nbsp; 3.500% | 1140000 | &nbsp;&nbsp; 1126250 |
| Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. |
| 06/01/2026 | &nbsp;&nbsp; 3.000% | 1425000 | &nbsp;&nbsp; 1413164 |
| Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  |
| 01/31/2032 | &nbsp;&nbsp; 4.375% | 23000 | &nbsp;&nbsp; 21733 |
| Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  |
| 04/20/2028 | &nbsp;&nbsp; 4.550% | 1375000 | &nbsp;&nbsp; 1392199 |
| 03/01/2035 | &nbsp;&nbsp; 5.200% | 1826000 | &nbsp;&nbsp; 1865880 |
| Pepsico Singapore Financing I Pte Ltd. | Pepsico Singapore Financing I Pte Ltd. | Pepsico Singapore Financing I Pte Ltd. | Pepsico Singapore Financing I Pte Ltd. |
| 02/16/2027 | &nbsp;&nbsp; 4.650% | 868000 | &nbsp;&nbsp; 876838 |
| Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 4.625% | 74000 | &nbsp;&nbsp; 71367 |
| 09/15/2031 | &nbsp;&nbsp; 4.500% | 18000 | &nbsp;&nbsp; 16837 |
| Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 6.250% | 77000 | &nbsp;&nbsp; 77099 |
| 04/30/2029 | &nbsp;&nbsp; 4.375% | 38000 | &nbsp;&nbsp; 36845 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  |
| 03/01/2029 | &nbsp;&nbsp; 4.625% | 49000 | &nbsp;&nbsp; 47025 |
| US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  |
| 09/15/2028 | &nbsp;&nbsp; 6.875% | 32000 | &nbsp;&nbsp; 33008 |
| 02/15/2029 | &nbsp;&nbsp; 4.750% | 52000 | &nbsp;&nbsp; 51284 |
| 06/01/2030 | &nbsp;&nbsp; 4.625% | 34000 | &nbsp;&nbsp; 33259 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **15360914** |
| **Gaming 0.1%** | **Gaming 0.1%** | **Gaming 0.1%** | **Gaming 0.1%** |
| Boyd Gaming Corp. | Boyd Gaming Corp. | Boyd Gaming Corp. | Boyd Gaming Corp. |
| 12/01/2027 | &nbsp;&nbsp; 4.750% | 8000 | &nbsp;&nbsp; 7969 |
| Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  |
| 10/15/2029 | &nbsp;&nbsp; 4.625% | 39000 | &nbsp;&nbsp; 37284 |
| 02/15/2030 | &nbsp;&nbsp; 7.000% | 85000 | &nbsp;&nbsp; 87443 |
| 02/15/2032 | &nbsp;&nbsp; 6.500% | 35000 | &nbsp;&nbsp; 35700 |
| 10/15/2032 | &nbsp;&nbsp; 6.000% | 53000 | &nbsp;&nbsp; 52192 |
| CDI Escrow Issuer, Inc.<sup>(a)</sup>  | CDI Escrow Issuer, Inc.<sup>(a)</sup>  | CDI Escrow Issuer, Inc.<sup>(a)</sup>  | CDI Escrow Issuer, Inc.<sup>(a)</sup>  |
| 04/01/2030 | &nbsp;&nbsp; 5.750% | 15000 | &nbsp;&nbsp; 15000 |
| Churchill Downs, Inc.<sup>(a)</sup>  | Churchill Downs, Inc.<sup>(a)</sup>  | Churchill Downs, Inc.<sup>(a)</sup>  | Churchill Downs, Inc.<sup>(a)</sup>  |
| 05/01/2031 | &nbsp;&nbsp; 6.750% | 32000 | &nbsp;&nbsp; 32839 |
| Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  |
| 09/01/2031 | &nbsp;&nbsp; 7.500% | 59000 | &nbsp;&nbsp; 61409 |
| 10/01/2033 | &nbsp;&nbsp; 6.250% | 44000 | &nbsp;&nbsp; 44069 |
| Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 4.125% | 46000 | &nbsp;&nbsp; 43125 |
| Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  | Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  | Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  | Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  |
| 02/01/2033 | &nbsp;&nbsp; 6.625% | 51000 | &nbsp;&nbsp; 51943 |
| Rivers Enterprise Lender LLC/Corp.<sup>(a),(c)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a),(c)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a),(c)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a),(c)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 6.250% | 31000 | &nbsp;&nbsp; 31286 |
| Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  |
| 03/01/2030 | &nbsp;&nbsp; 6.625% | 104000 | &nbsp;&nbsp; 96624 |
| Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  |
| 07/01/2032 | &nbsp;&nbsp; 9.250% | 39000 | &nbsp;&nbsp; 41243 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **638126** |
| **Health Care 0.5%** | **Health Care 0.5%** | **Health Care 0.5%** | **Health Care 0.5%** |
| Acadia Healthcare Co., Inc.<sup>(a)</sup>  | Acadia Healthcare Co., Inc.<sup>(a)</sup>  | Acadia Healthcare Co., Inc.<sup>(a)</sup>  | Acadia Healthcare Co., Inc.<sup>(a)</sup>  |
| 07/01/2028 | &nbsp;&nbsp; 5.500% | 58000 | &nbsp;&nbsp; 57530 |
| 04/15/2029 | &nbsp;&nbsp; 5.000% | 30000 | &nbsp;&nbsp; 29442 |
| 03/15/2033 | &nbsp;&nbsp; 7.375% | 47000 | &nbsp;&nbsp; 48838 |
| Avantor Funding, Inc.<sup>(a)</sup>  | Avantor Funding, Inc.<sup>(a)</sup>  | Avantor Funding, Inc.<sup>(a)</sup>  | Avantor Funding, Inc.<sup>(a)</sup>  |
| 07/15/2028 | &nbsp;&nbsp; 4.625% | 25000 | &nbsp;&nbsp; 24596 |
| 11/01/2029 | &nbsp;&nbsp; 3.875% | 65000 | &nbsp;&nbsp; 61847 |
| Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 8.375% | 32000 | &nbsp;&nbsp; 33394 |
| Charles River Laboratories International, Inc.<sup>(a)</sup>  | Charles River Laboratories International, Inc.<sup>(a)</sup>  | Charles River Laboratories International, Inc.<sup>(a)</sup>  | Charles River Laboratories International, Inc.<sup>(a)</sup>  |
| 05/01/2028 | &nbsp;&nbsp; 4.250% | 25000 | &nbsp;&nbsp; 24471 |
| 03/15/2029 | &nbsp;&nbsp; 3.750% | 39000 | &nbsp;&nbsp; 36971 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.875% | 39000 | &nbsp;&nbsp; 31013 |
| 05/15/2030 | &nbsp;&nbsp; 5.250% | 70000 | &nbsp;&nbsp; 63352 |
| 01/15/2032 | &nbsp;&nbsp; 10.875% | 19000 | &nbsp;&nbsp; 20131 |
| Concentra Escrow Issuer Corp.<sup>(a)</sup>  | Concentra Escrow Issuer Corp.<sup>(a)</sup>  | Concentra Escrow Issuer Corp.<sup>(a)</sup>  | Concentra Escrow Issuer Corp.<sup>(a)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 6.875% | 39000 | &nbsp;&nbsp; 40541 |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| 03/25/2038 | &nbsp;&nbsp; 4.780% | 1080000 | &nbsp;&nbsp; 1012619 |
| 03/25/2048 | &nbsp;&nbsp; 5.050% | 840000 | &nbsp;&nbsp; 747844 |
| DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  |
| 07/15/2033 | &nbsp;&nbsp; 6.750% | 33000 | &nbsp;&nbsp; 34025 |
| GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. |
| 11/15/2027 | &nbsp;&nbsp; 5.650% | 2160000 | &nbsp;&nbsp; 2226722 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. |
| 09/01/2030 | &nbsp;&nbsp; 3.500% | 3900000 | &nbsp;&nbsp; 3724905 |
| IQVIA, Inc.<sup>(a)</sup>  | IQVIA, Inc.<sup>(a)</sup>  | IQVIA, Inc.<sup>(a)</sup>  | IQVIA, Inc.<sup>(a)</sup>  |
| 05/15/2027 | &nbsp;&nbsp; 5.000% | 18000 | &nbsp;&nbsp; 17960 |
| 05/15/2030 | &nbsp;&nbsp; 6.500% | 16000 | &nbsp;&nbsp; 16546 |
| 06/01/2032 | &nbsp;&nbsp; 6.250% | 50000 | &nbsp;&nbsp; 51544 |
| LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 11.000% | 13000 | &nbsp;&nbsp; 14331 |
| Medline Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | Medline Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | Medline Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | Medline Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 6.250% | 22000 | &nbsp;&nbsp; 22580 |
| Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 5.250% | 159000 | &nbsp;&nbsp; 157681 |
| Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  |
| 12/01/2032 | &nbsp;&nbsp; 6.250% | 61000 | &nbsp;&nbsp; 61027 |
| Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 9.000% | 98000 | &nbsp;&nbsp; 103799 |
| Surgery Center Holdings, Inc.<sup>(a)</sup>  | Surgery Center Holdings, Inc.<sup>(a)</sup>  | Surgery Center Holdings, Inc.<sup>(a)</sup>  | Surgery Center Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 7.250% | 70000 | &nbsp;&nbsp; 71966 |
| Tenet Healthcare Corp. | Tenet Healthcare Corp. | Tenet Healthcare Corp. | Tenet Healthcare Corp. |
| 02/01/2027 | &nbsp;&nbsp; 6.250% | 48000 | &nbsp;&nbsp; 48014 |
| 11/01/2027 | &nbsp;&nbsp; 5.125% | 37000 | &nbsp;&nbsp; 36960 |
| 10/01/2028 | &nbsp;&nbsp; 6.125% | 51000 | &nbsp;&nbsp; 51085 |
| 01/15/2030 | &nbsp;&nbsp; 4.375% | 22000 | &nbsp;&nbsp; 21403 |
| 06/15/2030 | &nbsp;&nbsp; 6.125% | 26000 | &nbsp;&nbsp; 26361 |
| 05/15/2031 | &nbsp;&nbsp; 6.750% | 59000 | &nbsp;&nbsp; 61112 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **8980610** |
| **Healthcare Insurance 0.2%** | **Healthcare Insurance 0.2%** | **Healthcare Insurance 0.2%** | **Healthcare Insurance 0.2%** |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| 01/15/2031 | &nbsp;&nbsp; 4.650% | 500000 | &nbsp;&nbsp; 506713 |
| 04/15/2034 | &nbsp;&nbsp; 5.000% | 2519000 | &nbsp;&nbsp; 2558246 |
| 04/15/2054 | &nbsp;&nbsp; 5.375% | 7000 | &nbsp;&nbsp; 6712 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3071671** |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Home Construction 0.0%** | **Home Construction 0.0%** | **Home Construction 0.0%** | **Home Construction 0.0%** |
| Taylor Morrison Communities, Inc.<sup>(a)</sup>  | Taylor Morrison Communities, Inc.<sup>(a)</sup>  | Taylor Morrison Communities, Inc.<sup>(a)</sup>  | Taylor Morrison Communities, Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 5.750% | 30000 | &nbsp;&nbsp; 30430 |
| **Independent Energy 0.2%** | **Independent Energy 0.2%** | **Independent Energy 0.2%** | **Independent Energy 0.2%** |
| APA Corp. | APA Corp. | APA Corp. | APA Corp. |
| 02/15/2055 | &nbsp;&nbsp; 6.750% | 482000 | &nbsp;&nbsp; 486086 |
| Baytex Energy Corp.<sup>(a)</sup>  | Baytex Energy Corp.<sup>(a)</sup>  | Baytex Energy Corp.<sup>(a)</sup>  | Baytex Energy Corp.<sup>(a)</sup>  |
| 04/30/2030 | &nbsp;&nbsp; 8.500% | 29000 | &nbsp;&nbsp; 29840 |
| 03/15/2032 | &nbsp;&nbsp; 7.375% | 14000 | &nbsp;&nbsp; 13715 |
| Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  |
| 07/01/2028 | &nbsp;&nbsp; 8.375% | 4000 | &nbsp;&nbsp; 4149 |
| 11/01/2030 | &nbsp;&nbsp; 8.625% | 5000 | &nbsp;&nbsp; 5175 |
| 07/01/2031 | &nbsp;&nbsp; 8.750% | 64000 | &nbsp;&nbsp; 65590 |
| 06/15/2033 | &nbsp;&nbsp; 9.625% | 73000 | &nbsp;&nbsp; 77226 |
| CNX Resources Corp.<sup>(a)</sup>  | CNX Resources Corp.<sup>(a)</sup>  | CNX Resources Corp.<sup>(a)</sup>  | CNX Resources Corp.<sup>(a)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 6.000% | 51000 | &nbsp;&nbsp; 51144 |
| 01/15/2031 | &nbsp;&nbsp; 7.375% | 8000 | &nbsp;&nbsp; 8276 |
| 03/01/2032 | &nbsp;&nbsp; 7.250% | 32000 | &nbsp;&nbsp; 33219 |
| Colgate Energy Partners III LLC<sup>(a)</sup>  | Colgate Energy Partners III LLC<sup>(a)</sup>  | Colgate Energy Partners III LLC<sup>(a)</sup>  | Colgate Energy Partners III LLC<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 5.875% | 81000 | &nbsp;&nbsp; 81029 |
| Comstock Resources, Inc.<sup>(a)</sup>  | Comstock Resources, Inc.<sup>(a)</sup>  | Comstock Resources, Inc.<sup>(a)</sup>  | Comstock Resources, Inc.<sup>(a)</sup>  |
| 03/01/2029 | &nbsp;&nbsp; 6.750% | 36000 | &nbsp;&nbsp; 35941 |
| Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  |
| 11/01/2028 | &nbsp;&nbsp; 6.250% | 50000 | &nbsp;&nbsp; 50119 |
| 02/01/2029 | &nbsp;&nbsp; 5.750% | 11000 | &nbsp;&nbsp; 10857 |
| 04/15/2030 | &nbsp;&nbsp; 6.000% | 16000 | &nbsp;&nbsp; 15768 |
| 04/15/2032 | &nbsp;&nbsp; 6.250% | 19000 | &nbsp;&nbsp; 18300 |
| 11/01/2033 | &nbsp;&nbsp; 8.375% | 58000 | &nbsp;&nbsp; 60884 |
| 02/15/2035 | &nbsp;&nbsp; 7.250% | 51000 | &nbsp;&nbsp; 49904 |
| Matador Resources Co.<sup>(a)</sup>  | Matador Resources Co.<sup>(a)</sup>  | Matador Resources Co.<sup>(a)</sup>  | Matador Resources Co.<sup>(a)</sup>  |
| 04/15/2028 | &nbsp;&nbsp; 6.875% | 39000 | &nbsp;&nbsp; 39820 |
| 04/15/2032 | &nbsp;&nbsp; 6.500% | 74000 | &nbsp;&nbsp; 74848 |
| 04/15/2033 | &nbsp;&nbsp; 6.250% | 18000 | &nbsp;&nbsp; 18115 |
| Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. |
| 08/01/2027 | &nbsp;&nbsp; 5.000% | 327000 | &nbsp;&nbsp; 330667 |
| 10/01/2054 | &nbsp;&nbsp; 6.050% | 820000 | &nbsp;&nbsp; 799963 |
| Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  |
| 04/15/2027 | &nbsp;&nbsp; 8.000% | 19000 | &nbsp;&nbsp; 19317 |
| 01/15/2032 | &nbsp;&nbsp; 7.000% | 61000 | &nbsp;&nbsp; 63384 |
| 02/01/2033 | &nbsp;&nbsp; 6.250% | 24000 | &nbsp;&nbsp; 24454 |
| SM Energy Co. | SM Energy Co. | SM Energy Co. | SM Energy Co. |
| 09/15/2026 | &nbsp;&nbsp; 6.750% | 41000 | &nbsp;&nbsp; 41006 |
| SM Energy Co.<sup>(a)</sup>  | SM Energy Co.<sup>(a)</sup>  | SM Energy Co.<sup>(a)</sup>  | SM Energy Co.<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 6.750% | 35000 | &nbsp;&nbsp; 35201 |
| 08/01/2032 | &nbsp;&nbsp; 7.000% | 17000 | &nbsp;&nbsp; 16997 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2560994** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Integrated Energy 0.1%** | **Integrated Energy 0.1%** | **Integrated Energy 0.1%** | **Integrated Energy 0.1%** |
| BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. |
| 11/17/2027 | &nbsp;&nbsp; 5.017% | 1700000 | &nbsp;&nbsp; 1734584 |
| 03/17/2052 | &nbsp;&nbsp; 3.001% | 840000 | &nbsp;&nbsp; 546845 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2281429** |
| **Leisure 0.1%** | **Leisure 0.1%** | **Leisure 0.1%** | **Leisure 0.1%** |
| Boyne USA, Inc.<sup>(a)</sup>  | Boyne USA, Inc.<sup>(a)</sup>  | Boyne USA, Inc.<sup>(a)</sup>  | Boyne USA, Inc.<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 4.750% | 53000 | &nbsp;&nbsp; 52003 |
| Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 6.000% | 48000 | &nbsp;&nbsp; 48720 |
| 03/15/2030 | &nbsp;&nbsp; 5.750% | 34000 | &nbsp;&nbsp; 34733 |
| 08/01/2032 | &nbsp;&nbsp; 5.750% | 82000 | &nbsp;&nbsp; 83499 |
| 02/15/2033 | &nbsp;&nbsp; 6.125% | 68000 | &nbsp;&nbsp; 69721 |
| &nbsp;&nbsp; Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium <br> Op | &nbsp;&nbsp; Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium <br> Op | &nbsp;&nbsp; Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium <br> Op | &nbsp;&nbsp; Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium <br> Op |
| 10/01/2028 | &nbsp;&nbsp; 6.500% | 35000 | &nbsp;&nbsp; 35154 |
| Cinemark USA, Inc.<sup>(a)</sup>  | Cinemark USA, Inc.<sup>(a)</sup>  | Cinemark USA, Inc.<sup>(a)</sup>  | Cinemark USA, Inc.<sup>(a)</sup>  |
| 07/15/2028 | &nbsp;&nbsp; 5.250% | 41000 | &nbsp;&nbsp; 40815 |
| 08/01/2032 | &nbsp;&nbsp; 7.000% | 30000 | &nbsp;&nbsp; 31255 |
| Live Nation Entertainment, Inc.<sup>(a)</sup>  | Live Nation Entertainment, Inc.<sup>(a)</sup>  | Live Nation Entertainment, Inc.<sup>(a)</sup>  | Live Nation Entertainment, Inc.<sup>(a)</sup>  |
| 03/15/2026 | &nbsp;&nbsp; 5.625% | 44000 | &nbsp;&nbsp; 44003 |
| NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 5.875% | 60000 | &nbsp;&nbsp; 59990 |
| 02/01/2032 | &nbsp;&nbsp; 6.750% | 49000 | &nbsp;&nbsp; 50405 |
| 09/15/2033 | &nbsp;&nbsp; 6.250% | 37000 | &nbsp;&nbsp; 37192 |
| NCL Finance Ltd.<sup>(a)</sup>  | NCL Finance Ltd.<sup>(a)</sup>  | NCL Finance Ltd.<sup>(a)</sup>  | NCL Finance Ltd.<sup>(a)</sup>  |
| 03/15/2028 | &nbsp;&nbsp; 6.125% | 33000 | &nbsp;&nbsp; 33691 |
| Six Flags Entertainment Corp.<sup>(a)</sup>  | Six Flags Entertainment Corp.<sup>(a)</sup>  | Six Flags Entertainment Corp.<sup>(a)</sup>  | Six Flags Entertainment Corp.<sup>(a)</sup>  |
| 05/15/2031 | &nbsp;&nbsp; 7.250% | 119000 | &nbsp;&nbsp; 119005 |
| Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  | Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  | Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  | Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  |
| 05/01/2032 | &nbsp;&nbsp; 6.625% | 41000 | &nbsp;&nbsp; 41785 |
| Vail Resorts, Inc.<sup>(a)</sup>  | Vail Resorts, Inc.<sup>(a)</sup>  | Vail Resorts, Inc.<sup>(a)</sup>  | Vail Resorts, Inc.<sup>(a)</sup>  |
| 05/15/2032 | &nbsp;&nbsp; 6.500% | 23000 | &nbsp;&nbsp; 23803 |
| Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  |
| 09/15/2027 | &nbsp;&nbsp; 5.875% | 39000 | &nbsp;&nbsp; 39011 |
| 07/15/2031 | &nbsp;&nbsp; 9.125% | 56000 | &nbsp;&nbsp; 60142 |
| Viking Cruises Ltd.<sup>(a),(c)</sup>  | Viking Cruises Ltd.<sup>(a),(c)</sup>  | Viking Cruises Ltd.<sup>(a),(c)</sup>  | Viking Cruises Ltd.<sup>(a),(c)</sup>  |
| 10/15/2033 | &nbsp;&nbsp; 5.875% | 76000 | &nbsp;&nbsp; 75932 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **980859** |
| **Life Insurance 0.2%** | **Life Insurance 0.2%** | **Life Insurance 0.2%** | **Life Insurance 0.2%** |
| Lincoln Financial Global Funding<sup>(a)</sup>  | Lincoln Financial Global Funding<sup>(a)</sup>  | Lincoln Financial Global Funding<sup>(a)</sup>  | Lincoln Financial Global Funding<sup>(a)</sup>  |
| 01/13/2030 | &nbsp;&nbsp; 5.300% | 4000 | &nbsp;&nbsp; 4139 |
| Met Tower Global Funding<sup>(a)</sup>  | Met Tower Global Funding<sup>(a)</sup>  | Met Tower Global Funding<sup>(a)</sup>  | Met Tower Global Funding<sup>(a)</sup>  |
| 10/01/2027 | &nbsp;&nbsp; 4.000% | 1067000 | &nbsp;&nbsp; 1066017 |
| 04/12/2029 | &nbsp;&nbsp; 5.250% | 1013000 | &nbsp;&nbsp; 1047477 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Principal Life Global Funding II<sup>(a)</sup>  | Principal Life Global Funding II<sup>(a)</sup>  | Principal Life Global Funding II<sup>(a)</sup>  | Principal Life Global Funding II<sup>(a)</sup>  |
| 01/09/2028 | &nbsp;&nbsp; 4.800% | 492000 | &nbsp;&nbsp; 498333 |
| 11/27/2029 | &nbsp;&nbsp; 4.950% | 297000 | &nbsp;&nbsp; 303878 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2919844** |
| **Lodging 0.0%** | **Lodging 0.0%** | **Lodging 0.0%** | **Lodging 0.0%** |
| Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 5.875% | 14000 | &nbsp;&nbsp; 14303 |
| 09/15/2033 | &nbsp;&nbsp; 5.750% | 23000 | &nbsp;&nbsp; 23325 |
| Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  | Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  | Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  | Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 6.625% | 52000 | &nbsp;&nbsp; 52793 |
| Marriott Ownership Resorts, Inc.<sup>(a)</sup>  | Marriott Ownership Resorts, Inc.<sup>(a)</sup>  | Marriott Ownership Resorts, Inc.<sup>(a)</sup>  | Marriott Ownership Resorts, Inc.<sup>(a)</sup>  |
| 10/01/2033 | &nbsp;&nbsp; 6.500% | 66000 | &nbsp;&nbsp; 65762 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **156183** |
| **Media and Entertainment 0.1%** | **Media and Entertainment 0.1%** | **Media and Entertainment 0.1%** | **Media and Entertainment 0.1%** |
| Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  | Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  | Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  | Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2028 | &nbsp;&nbsp; 7.750% | 42000 | &nbsp;&nbsp; 41941 |
| 06/01/2029 | &nbsp;&nbsp; 7.500% | 66000 | &nbsp;&nbsp; 64121 |
| 04/01/2030 | &nbsp;&nbsp; 7.875% | 59000 | &nbsp;&nbsp; 61959 |
| 02/15/2031 | &nbsp;&nbsp; 7.125% | 39000 | &nbsp;&nbsp; 40364 |
| 03/15/2033 | &nbsp;&nbsp; 7.500% | 39000 | &nbsp;&nbsp; 40822 |
| Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 9.625% | 9000 | &nbsp;&nbsp; 9190 |
| 08/15/2033 | &nbsp;&nbsp; 7.250% | 16000 | &nbsp;&nbsp; 15871 |
| iHeartCommunications, Inc.<sup>(a)</sup>  | iHeartCommunications, Inc.<sup>(a)</sup>  | iHeartCommunications, Inc.<sup>(a)</sup>  | iHeartCommunications, Inc.<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 9.125% | 6118 | &nbsp;&nbsp; 5539 |
| 08/15/2030 | &nbsp;&nbsp; 7.750% | 14410 | &nbsp;&nbsp; 11970 |
| Mav Acquisition Corp.<sup>(a)</sup>  | Mav Acquisition Corp.<sup>(a)</sup>  | Mav Acquisition Corp.<sup>(a)</sup>  | Mav Acquisition Corp.<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 8.000% | 30000 | &nbsp;&nbsp; 30547 |
| McGraw-Hill Education, Inc.<sup>(a)</sup>  | McGraw-Hill Education, Inc.<sup>(a)</sup>  | McGraw-Hill Education, Inc.<sup>(a)</sup>  | McGraw-Hill Education, Inc.<sup>(a)</sup>  |
| 09/01/2031 | &nbsp;&nbsp; 7.375% | 30000 | &nbsp;&nbsp; 31171 |
| Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  |
| 08/15/2027 | &nbsp;&nbsp; 5.000% | 31000 | &nbsp;&nbsp; 30832 |
| 01/15/2029 | &nbsp;&nbsp; 4.250% | 23000 | &nbsp;&nbsp; 22100 |
| 03/15/2030 | &nbsp;&nbsp; 4.625% | 24000 | &nbsp;&nbsp; 23084 |
| 02/15/2031 | &nbsp;&nbsp; 7.375% | 29000 | &nbsp;&nbsp; 30608 |
| Roblox Corp.<sup>(a)</sup>  | Roblox Corp.<sup>(a)</sup>  | Roblox Corp.<sup>(a)</sup>  | Roblox Corp.<sup>(a)</sup>  |
| 05/01/2030 | &nbsp;&nbsp; 3.875% | 46000 | &nbsp;&nbsp; 43913 |
| Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  |
| 03/01/2033 | &nbsp;&nbsp; 6.875% | 51000 | &nbsp;&nbsp; 52178 |
| 03/15/2034 | &nbsp;&nbsp; 6.875% | 56000 | &nbsp;&nbsp; 56753 |
| Univision Communications, Inc.<sup>(a)</sup>  | Univision Communications, Inc.<sup>(a)</sup>  | Univision Communications, Inc.<sup>(a)</sup>  | Univision Communications, Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 8.000% | 28000 | &nbsp;&nbsp; 29006 |
| 05/01/2029 | &nbsp;&nbsp; 4.500% | 15000 | &nbsp;&nbsp; 14153 |
| 06/30/2030 | &nbsp;&nbsp; 7.375% | 19000 | &nbsp;&nbsp; 19224 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. |
| 03/15/2032 | &nbsp;&nbsp; 4.279% | 30000 | &nbsp;&nbsp; 27504 |
| 03/15/2042 | &nbsp;&nbsp; 5.050% | 93000 | &nbsp;&nbsp; 74196 |
| 03/15/2052 | &nbsp;&nbsp; 5.141% | 15000 | &nbsp;&nbsp; 11174 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **788220** |
| **Metals and Mining 0.0%** | **Metals and Mining 0.0%** | **Metals and Mining 0.0%** | **Metals and Mining 0.0%** |
| Alcoa Nederland Holding BV<sup>(a)</sup>  | Alcoa Nederland Holding BV<sup>(a)</sup>  | Alcoa Nederland Holding BV<sup>(a)</sup>  | Alcoa Nederland Holding BV<sup>(a)</sup>  |
| 03/15/2031 | &nbsp;&nbsp; 7.125% | 13000 | &nbsp;&nbsp; 13643 |
| Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  |
| 11/01/2029 | &nbsp;&nbsp; 6.875% | 11000 | &nbsp;&nbsp; 11218 |
| 03/15/2032 | &nbsp;&nbsp; 7.000% | 7000 | &nbsp;&nbsp; 7077 |
| 05/01/2033 | &nbsp;&nbsp; 7.375% | 6000 | &nbsp;&nbsp; 6124 |
| Compass Minerals International, Inc.<sup>(a)</sup>  | Compass Minerals International, Inc.<sup>(a)</sup>  | Compass Minerals International, Inc.<sup>(a)</sup>  | Compass Minerals International, Inc.<sup>(a)</sup>  |
| 07/01/2030 | &nbsp;&nbsp; 8.000% | 21000 | &nbsp;&nbsp; 21973 |
| Constellium SE<sup>(a)</sup>  | Constellium SE<sup>(a)</sup>  | Constellium SE<sup>(a)</sup>  | Constellium SE<sup>(a)</sup>  |
| 06/15/2028 | &nbsp;&nbsp; 5.625% | 25000 | &nbsp;&nbsp; 24947 |
| 04/15/2029 | &nbsp;&nbsp; 3.750% | 32000 | &nbsp;&nbsp; 30436 |
| 08/15/2032 | &nbsp;&nbsp; 6.375% | 22000 | &nbsp;&nbsp; 22482 |
| Hudbay Minerals, Inc.<sup>(a)</sup>  | Hudbay Minerals, Inc.<sup>(a)</sup>  | Hudbay Minerals, Inc.<sup>(a)</sup>  | Hudbay Minerals, Inc.<sup>(a)</sup>  |
| 04/01/2026 | &nbsp;&nbsp; 4.500% | 33000 | &nbsp;&nbsp; 32914 |
| 04/01/2029 | &nbsp;&nbsp; 6.125% | 72000 | &nbsp;&nbsp; 72619 |
| Kaiser Aluminum Corp.<sup>(a)</sup>  | Kaiser Aluminum Corp.<sup>(a)</sup>  | Kaiser Aluminum Corp.<sup>(a)</sup>  | Kaiser Aluminum Corp.<sup>(a)</sup>  |
| 03/01/2028 | &nbsp;&nbsp; 4.625% | 43000 | &nbsp;&nbsp; 42520 |
| 06/01/2031 | &nbsp;&nbsp; 4.500% | 34000 | &nbsp;&nbsp; 32071 |
| Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  |
| 01/30/2030 | &nbsp;&nbsp; 4.750% | 54000 | &nbsp;&nbsp; 52114 |
| 08/15/2031 | &nbsp;&nbsp; 3.875% | 54000 | &nbsp;&nbsp; 49183 |
| 08/15/2033 | &nbsp;&nbsp; 6.375% | 34000 | &nbsp;&nbsp; 34352 |
| Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  |
| 01/30/2030 | &nbsp;&nbsp; 6.875% | 11000 | &nbsp;&nbsp; 11395 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **465068** |
| **Midstream 0.2%** | **Midstream 0.2%** | **Midstream 0.2%** | **Midstream 0.2%** |
| AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  |
| 06/01/2030 | &nbsp;&nbsp; 9.500% | 48000 | &nbsp;&nbsp; 50268 |
| Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  |
| 02/01/2032 | &nbsp;&nbsp; 6.625% | 69000 | &nbsp;&nbsp; 71091 |
| CNX Midstream Partners LP<sup>(a)</sup>  | CNX Midstream Partners LP<sup>(a)</sup>  | CNX Midstream Partners LP<sup>(a)</sup>  | CNX Midstream Partners LP<sup>(a)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 4.750% | 75000 | &nbsp;&nbsp; 71906 |
| Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 8.625% | 93000 | &nbsp;&nbsp; 97006 |
| 06/30/2033 | &nbsp;&nbsp; 7.375% | 86000 | &nbsp;&nbsp; 87534 |
| Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. |
| 04/05/2027 | &nbsp;&nbsp; 5.250% | 1160000 | &nbsp;&nbsp; 1178094 |
| Hess Midstream Operations LP<sup>(a)</sup>  | Hess Midstream Operations LP<sup>(a)</sup>  | Hess Midstream Operations LP<sup>(a)</sup>  | Hess Midstream Operations LP<sup>(a)</sup>  |
| 03/01/2028 | &nbsp;&nbsp; 5.875% | 10000 | &nbsp;&nbsp; 10191 |
| 10/15/2030 | &nbsp;&nbsp; 5.500% | 20000 | &nbsp;&nbsp; 20136 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 6.500% | 6000 | &nbsp;&nbsp; 5899 |
| Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP |
| 03/01/2044 | &nbsp;&nbsp; 5.500% | 660000 | &nbsp;&nbsp; 638478 |
| NuStar Logistics LP | NuStar Logistics LP | NuStar Logistics LP | NuStar Logistics LP |
| 10/01/2030 | &nbsp;&nbsp; 6.375% | 24000 | &nbsp;&nbsp; 24861 |
| Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.750% | 20000 | &nbsp;&nbsp; 20880 |
| Sunoco LP<sup>(a),(g),(h)</sup>  | Sunoco LP<sup>(a),(g),(h)</sup>  | Sunoco LP<sup>(a),(g),(h)</sup>  | Sunoco LP<sup>(a),(g),(h)</sup>  |
|  | &nbsp;&nbsp; 7.875% | 39000 | &nbsp;&nbsp; 39695 |
| Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  |
| 05/01/2032 | &nbsp;&nbsp; 7.250% | 38000 | &nbsp;&nbsp; 39906 |
| 07/01/2033 | &nbsp;&nbsp; 6.250% | 59000 | &nbsp;&nbsp; 60047 |
| Sunoco LP/Finance Corp. | Sunoco LP/Finance Corp. | Sunoco LP/Finance Corp. | Sunoco LP/Finance Corp. |
| 04/30/2030 | &nbsp;&nbsp; 4.500% | 29000 | &nbsp;&nbsp; 27964 |
| TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 8.500% | 71000 | &nbsp;&nbsp; 74036 |
| Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 3.875% | 22000 | &nbsp;&nbsp; 21076 |
| 08/15/2031 | &nbsp;&nbsp; 4.125% | 53000 | &nbsp;&nbsp; 50046 |
| 11/01/2033 | &nbsp;&nbsp; 3.875% | 58000 | &nbsp;&nbsp; 52293 |
| Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 8.125% | 78000 | &nbsp;&nbsp; 80764 |
| 02/01/2029 | &nbsp;&nbsp; 9.500% | 14000 | &nbsp;&nbsp; 15436 |
| 01/15/2030 | &nbsp;&nbsp; 7.000% | 35000 | &nbsp;&nbsp; 36224 |
| 06/01/2031 | &nbsp;&nbsp; 8.375% | 49000 | &nbsp;&nbsp; 51456 |
| 02/01/2032 | &nbsp;&nbsp; 9.875% | 26000 | &nbsp;&nbsp; 28311 |
| Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  |
| 05/01/2033 | &nbsp;&nbsp; 7.500% | 25000 | &nbsp;&nbsp; 27627 |
| 01/15/2034 | &nbsp;&nbsp; 6.500% | 57000 | &nbsp;&nbsp; 60091 |
| 05/01/2035 | &nbsp;&nbsp; 7.750% | 25000 | &nbsp;&nbsp; 28221 |
| 01/15/2036 | &nbsp;&nbsp; 6.750% | 122000 | &nbsp;&nbsp; 129710 |
| Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP |
| 04/01/2033 | &nbsp;&nbsp; 6.150% | 764000 | &nbsp;&nbsp; 807535 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3906782** |
| **Natural Gas 0.1%** | **Natural Gas 0.1%** | **Natural Gas 0.1%** | **Natural Gas 0.1%** |
| NiSource, Inc. | NiSource, Inc. | NiSource, Inc. | NiSource, Inc. |
| 05/01/2030 | &nbsp;&nbsp; 3.600% | 585000 | &nbsp;&nbsp; 566660 |
| Southern Co Gas Capital Corp. | Southern Co Gas Capital Corp. | Southern Co Gas Capital Corp. | Southern Co Gas Capital Corp. |
| 09/15/2028 | &nbsp;&nbsp; 4.050% | 520000 | &nbsp;&nbsp; 519442 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1086102** |
| **Oil Field Services 0.0%** | **Oil Field Services 0.0%** | **Oil Field Services 0.0%** | **Oil Field Services 0.0%** |
| Archrock Partners LP/Finance Corp.<sup>(a)</sup>  | Archrock Partners LP/Finance Corp.<sup>(a)</sup>  | Archrock Partners LP/Finance Corp.<sup>(a)</sup>  | Archrock Partners LP/Finance Corp.<sup>(a)</sup>  |
| 04/01/2027 | &nbsp;&nbsp; 6.875% | 40000 | &nbsp;&nbsp; 40058 |
| 04/01/2028 | &nbsp;&nbsp; 6.250% | 51000 | &nbsp;&nbsp; 51077 |
| 09/01/2032 | &nbsp;&nbsp; 6.625% | 30000 | &nbsp;&nbsp; 30795 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Kodiak Gas Services LLC<sup>(a)</sup>  | Kodiak Gas Services LLC<sup>(a)</sup>  | Kodiak Gas Services LLC<sup>(a)</sup>  | Kodiak Gas Services LLC<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 7.250% | 49000 | &nbsp;&nbsp; 50834 |
| 10/01/2033 | &nbsp;&nbsp; 6.500% | 32000 | &nbsp;&nbsp; 32574 |
| 10/01/2035 | &nbsp;&nbsp; 6.750% | 19000 | &nbsp;&nbsp; 19507 |
| Nabors Industries, Inc.<sup>(a)</sup>  | Nabors Industries, Inc.<sup>(a)</sup>  | Nabors Industries, Inc.<sup>(a)</sup>  | Nabors Industries, Inc.<sup>(a)</sup>  |
| 01/31/2030 | &nbsp;&nbsp; 9.125% | 65000 | &nbsp;&nbsp; 67618 |
| 08/15/2031 | &nbsp;&nbsp; 8.875% | 48000 | &nbsp;&nbsp; 44712 |
| Transocean Aquila Ltd.<sup>(a)</sup>  | Transocean Aquila Ltd.<sup>(a)</sup>  | Transocean Aquila Ltd.<sup>(a)</sup>  | Transocean Aquila Ltd.<sup>(a)</sup>  |
| 09/30/2028 | &nbsp;&nbsp; 8.000% | 38323 | &nbsp;&nbsp; 39431 |
| Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  |
| 02/01/2028 | &nbsp;&nbsp; 8.375% | 34000 | &nbsp;&nbsp; 34868 |
| Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 8.250% | 11000 | &nbsp;&nbsp; 10857 |
| 05/15/2031 | &nbsp;&nbsp; 8.500% | 18000 | &nbsp;&nbsp; 17644 |
| USA Compression Partners LP/Finance Corp. | USA Compression Partners LP/Finance Corp. | USA Compression Partners LP/Finance Corp. | USA Compression Partners LP/Finance Corp. |
| 09/01/2027 | &nbsp;&nbsp; 6.875% | 40000 | &nbsp;&nbsp; 40016 |
| USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 7.125% | 40000 | &nbsp;&nbsp; 41313 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **521304** |
| **Other Industry 0.0%** | **Other Industry 0.0%** | **Other Industry 0.0%** | **Other Industry 0.0%** |
| Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 6.625% | 12000 | &nbsp;&nbsp; 12276 |
| 04/15/2030 | &nbsp;&nbsp; 6.625% | 30000 | &nbsp;&nbsp; 30870 |
| 10/01/2031 | &nbsp;&nbsp; 7.375% | 10000 | &nbsp;&nbsp; 10420 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **53566** |
| **Other REIT 0.0%** | **Other REIT 0.0%** | **Other REIT 0.0%** | **Other REIT 0.0%** |
| Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 4.750% | 42000 | &nbsp;&nbsp; 41252 |
| 07/15/2031 | &nbsp;&nbsp; 7.000% | 61000 | &nbsp;&nbsp; 64092 |
| Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 5.875% | 42000 | &nbsp;&nbsp; 41947 |
| 05/15/2029 | &nbsp;&nbsp; 4.875% | 21000 | &nbsp;&nbsp; 20469 |
| RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  |
| 07/15/2028 | &nbsp;&nbsp; 7.250% | 20000 | &nbsp;&nbsp; 20626 |
| 04/01/2032 | &nbsp;&nbsp; 6.500% | 41000 | &nbsp;&nbsp; 42171 |
| 06/15/2033 | &nbsp;&nbsp; 6.500% | 23000 | &nbsp;&nbsp; 23685 |
| Service Properties Trust | Service Properties Trust | Service Properties Trust | Service Properties Trust |
| 06/15/2029 | &nbsp;&nbsp; 8.375% | 15000 | &nbsp;&nbsp; 15230 |
| Service Properties Trust<sup>(a)</sup>  | Service Properties Trust<sup>(a)</sup>  | Service Properties Trust<sup>(a)</sup>  | Service Properties Trust<sup>(a)</sup>  |
| 11/15/2031 | &nbsp;&nbsp; 8.625% | 26000 | &nbsp;&nbsp; 27683 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **297155** |
| **Packaging 0.0%** | **Packaging 0.0%** | **Packaging 0.0%** | **Packaging 0.0%** |
| Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  | Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  | Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  | Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  |
| 06/15/2027 | &nbsp;&nbsp; 6.000% | 63000 | &nbsp;&nbsp; 63020 |
| 09/01/2029 | &nbsp;&nbsp; 4.000% | 103000 | &nbsp;&nbsp; 95291 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.625% | 30000 | &nbsp;&nbsp; 30367 |
| 04/15/2030 | &nbsp;&nbsp; 8.750% | 81000 | &nbsp;&nbsp; 83210 |
| 04/15/2032 | &nbsp;&nbsp; 6.750% | 20000 | &nbsp;&nbsp; 20543 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **292431** |
| **Pharmaceuticals 0.9%** | **Pharmaceuticals 0.9%** | **Pharmaceuticals 0.9%** | **Pharmaceuticals 0.9%** |
| 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 10.000% | 95000 | &nbsp;&nbsp; 97560 |
| AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. |
| 03/15/2029 | &nbsp;&nbsp; 4.800% | 4131000 | &nbsp;&nbsp; 4223525 |
| 11/21/2029 | &nbsp;&nbsp; 3.200% | 1232000 | &nbsp;&nbsp; 1188343 |
| Amgen, Inc. | Amgen, Inc. | Amgen, Inc. | Amgen, Inc. |
| 03/02/2033 | &nbsp;&nbsp; 5.250% | 1240000 | &nbsp;&nbsp; 1284547 |
| Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  |
| 01/31/2027 | &nbsp;&nbsp; 8.500% | 5000 | &nbsp;&nbsp; 4959 |
| 06/01/2028 | &nbsp;&nbsp; 4.875% | 5000 | &nbsp;&nbsp; 4478 |
| 09/30/2028 | &nbsp;&nbsp; 11.000% | 11000 | &nbsp;&nbsp; 11476 |
| 02/15/2029 | &nbsp;&nbsp; 6.250% | 10000 | &nbsp;&nbsp; 7807 |
| Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. |
| 03/01/2026 | &nbsp;&nbsp; 3.650% | 5690000 | &nbsp;&nbsp; 5681799 |
| Grifols Escrow Issuer SA<sup>(a)</sup>  | Grifols Escrow Issuer SA<sup>(a)</sup>  | Grifols Escrow Issuer SA<sup>(a)</sup>  | Grifols Escrow Issuer SA<sup>(a)</sup>  |
| 10/15/2028 | &nbsp;&nbsp; 4.750% | 85000 | &nbsp;&nbsp; 82535 |
| Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  |
| 04/30/2028 | &nbsp;&nbsp; 4.125% | 18000 | &nbsp;&nbsp; 17392 |
| 04/30/2031 | &nbsp;&nbsp; 5.125% | 36000 | &nbsp;&nbsp; 31499 |
| Pfizer Investment Enterprises Pte., Ltd. | Pfizer Investment Enterprises Pte., Ltd. | Pfizer Investment Enterprises Pte., Ltd. | Pfizer Investment Enterprises Pte., Ltd. |
| 05/19/2026 | &nbsp;&nbsp; 4.450% | 1685000 | &nbsp;&nbsp; 1688308 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **14324228** |
| **Property & Casualty 0.1%** | **Property & Casualty 0.1%** | **Property & Casualty 0.1%** | **Property & Casualty 0.1%** |
| Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  |
| 02/01/2029 | &nbsp;&nbsp; 8.250% | 20000 | &nbsp;&nbsp; 20878 |
| 08/01/2029 | &nbsp;&nbsp; 6.000% | 31000 | &nbsp;&nbsp; 30706 |
| 11/06/2030 | &nbsp;&nbsp; 7.500% | 30000 | &nbsp;&nbsp; 31266 |
| 07/01/2032 | &nbsp;&nbsp; 6.750% | 21000 | &nbsp;&nbsp; 21644 |
| Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  |
| 10/15/2027 | &nbsp;&nbsp; 6.750% | 59000 | &nbsp;&nbsp; 59144 |
| 04/15/2028 | &nbsp;&nbsp; 6.750% | 32000 | &nbsp;&nbsp; 32533 |
| 11/01/2029 | &nbsp;&nbsp; 5.875% | 31000 | &nbsp;&nbsp; 30844 |
| 01/15/2031 | &nbsp;&nbsp; 7.000% | 100000 | &nbsp;&nbsp; 103351 |
| 10/01/2031 | &nbsp;&nbsp; 6.500% | 15000 | &nbsp;&nbsp; 15362 |
| 10/01/2032 | &nbsp;&nbsp; 7.375% | 61000 | &nbsp;&nbsp; 63003 |
| AmWINS Group, Inc.<sup>(a)</sup>  | AmWINS Group, Inc.<sup>(a)</sup>  | AmWINS Group, Inc.<sup>(a)</sup>  | AmWINS Group, Inc.<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 6.375% | 50000 | &nbsp;&nbsp; 50986 |
| Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 7.750% | 53000 | &nbsp;&nbsp; 55455 |
| Ardonagh Group Finance Ltd.<sup>(a)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.875% | 72000 | &nbsp;&nbsp; 75764 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| BroadStreet Partners, Inc.<sup>(a)</sup>  | BroadStreet Partners, Inc.<sup>(a)</sup>  | BroadStreet Partners, Inc.<sup>(a)</sup>  | BroadStreet Partners, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 5.875% | 93000 | &nbsp;&nbsp; 92773 |
| HUB International Ltd.<sup>(a)</sup>  | HUB International Ltd.<sup>(a)</sup>  | HUB International Ltd.<sup>(a)</sup>  | HUB International Ltd.<sup>(a)</sup>  |
| 12/01/2029 | &nbsp;&nbsp; 5.625% | 43000 | &nbsp;&nbsp; 42985 |
| 01/31/2032 | &nbsp;&nbsp; 7.375% | 61000 | &nbsp;&nbsp; 63663 |
| HUB International, Ltd.<sup>(a)</sup>  | HUB International, Ltd.<sup>(a)</sup>  | HUB International, Ltd.<sup>(a)</sup>  | HUB International, Ltd.<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 7.250% | 85000 | &nbsp;&nbsp; 88671 |
| Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 7.125% | 68000 | &nbsp;&nbsp; 70726 |
| Ryan Specialty LLC<sup>(a)</sup>  | Ryan Specialty LLC<sup>(a)</sup>  | Ryan Specialty LLC<sup>(a)</sup>  | Ryan Specialty LLC<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 5.875% | 46000 | &nbsp;&nbsp; 46545 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **996299** |
| **Railroads 0.1%** | **Railroads 0.1%** | **Railroads 0.1%** | **Railroads 0.1%** |
| Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. |
| 12/02/2031 | &nbsp;&nbsp; 2.450% | 1287000 | &nbsp;&nbsp; 1146248 |
| Genesee & Wyoming, Inc.<sup>(a)</sup>  | Genesee & Wyoming, Inc.<sup>(a)</sup>  | Genesee & Wyoming, Inc.<sup>(a)</sup>  | Genesee & Wyoming, Inc.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 6.250% | 60000 | &nbsp;&nbsp; 61027 |
| Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. |
| 06/15/2026 | &nbsp;&nbsp; 2.900% | 868000 | &nbsp;&nbsp; 860283 |
| Watco Cos LLC/Finance Corp.<sup>(a)</sup>  | Watco Cos LLC/Finance Corp.<sup>(a)</sup>  | Watco Cos LLC/Finance Corp.<sup>(a)</sup>  | Watco Cos LLC/Finance Corp.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 7.125% | 98000 | &nbsp;&nbsp; 101449 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2169007** |
| **Restaurants 0.0%** | **Restaurants 0.0%** | **Restaurants 0.0%** | **Restaurants 0.0%** |
| 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  |
| 09/15/2029 | &nbsp;&nbsp; 5.625% | 31000 | &nbsp;&nbsp; 31427 |
| 10/15/2030 | &nbsp;&nbsp; 4.000% | 55000 | &nbsp;&nbsp; 51841 |
| Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 6.750% | 67000 | &nbsp;&nbsp; 62918 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **146186** |
| **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** |
| Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 7.000% | 19000 | &nbsp;&nbsp; 19569 |
| 08/01/2033 | &nbsp;&nbsp; 7.375% | 20000 | &nbsp;&nbsp; 20627 |
| Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 4.625% | 34000 | &nbsp;&nbsp; 32980 |
| Beach Acquisition Bidco LLC<sup>(a),(f)</sup>  | Beach Acquisition Bidco LLC<sup>(a),(f)</sup>  | Beach Acquisition Bidco LLC<sup>(a),(f)</sup>  | Beach Acquisition Bidco LLC<sup>(a),(f)</sup>  |
| 07/15/2033 | &nbsp;&nbsp; 10.000% | 69000 | &nbsp;&nbsp; 74531 |
| Belron UK Finance PLC<sup>(a)</sup>  | Belron UK Finance PLC<sup>(a)</sup>  | Belron UK Finance PLC<sup>(a)</sup>  | Belron UK Finance PLC<sup>(a)</sup>  |
| 10/15/2029 | &nbsp;&nbsp; 5.750% | 15000 | &nbsp;&nbsp; 15194 |
| Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 6.375% | 20000 | &nbsp;&nbsp; 20464 |
| Hanesbrands, Inc.<sup>(a)</sup>  | Hanesbrands, Inc.<sup>(a)</sup>  | Hanesbrands, Inc.<sup>(a)</sup>  | Hanesbrands, Inc.<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 9.000% | 18000 | &nbsp;&nbsp; 19065 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| L Brands, Inc. | L Brands, Inc. | L Brands, Inc. | L Brands, Inc. |
| 06/15/2029 | &nbsp;&nbsp; 7.500% | 39000 | &nbsp;&nbsp; 40049 |
| L Brands, Inc.<sup>(a)</sup>  | L Brands, Inc.<sup>(a)</sup>  | L Brands, Inc.<sup>(a)</sup>  | L Brands, Inc.<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 6.625% | 24000 | &nbsp;&nbsp; 24548 |
| LCM Investments Holdings II LLC<sup>(a)</sup>  | LCM Investments Holdings II LLC<sup>(a)</sup>  | LCM Investments Holdings II LLC<sup>(a)</sup>  | LCM Investments Holdings II LLC<sup>(a)</sup>  |
| 08/01/2031 | &nbsp;&nbsp; 8.250% | 58000 | &nbsp;&nbsp; 61318 |
| Lithia Motors, Inc.<sup>(a)</sup>  | Lithia Motors, Inc.<sup>(a)</sup>  | Lithia Motors, Inc.<sup>(a)</sup>  | Lithia Motors, Inc.<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 4.375% | 20000 | &nbsp;&nbsp; 18985 |
| Lowe's Companies, Inc. | Lowe's Companies, Inc. | Lowe's Companies, Inc. | Lowe's Companies, Inc. |
| 04/01/2052 | &nbsp;&nbsp; 4.250% | 378000 | &nbsp;&nbsp; 305042 |
| 04/01/2062 | &nbsp;&nbsp; 4.450% | 590000 | &nbsp;&nbsp; 470759 |
| Walmart, Inc. | Walmart, Inc. | Walmart, Inc. | Walmart, Inc. |
| 04/28/2035 | &nbsp;&nbsp; 4.900% | 641000 | &nbsp;&nbsp; 658641 |
| Wolverine World Wide, Inc.<sup>(a)</sup>  | Wolverine World Wide, Inc.<sup>(a)</sup>  | Wolverine World Wide, Inc.<sup>(a)</sup>  | Wolverine World Wide, Inc.<sup>(a)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 4.000% | 57000 | &nbsp;&nbsp; 52120 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1833892** |
| **Supermarkets 0.0%** | **Supermarkets 0.0%** | **Supermarkets 0.0%** | **Supermarkets 0.0%** |
| Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  |
| 02/15/2028 | &nbsp;&nbsp; 5.875% | 25000 | &nbsp;&nbsp; 24998 |
| 03/15/2029 | &nbsp;&nbsp; 3.500% | 46000 | &nbsp;&nbsp; 43732 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **68730** |
| **Technology 0.5%** | **Technology 0.5%** | **Technology 0.5%** | **Technology 0.5%** |
| Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 7.250% | 61000 | &nbsp;&nbsp; 63378 |
| Block, Inc.<sup>(a)</sup>  | Block, Inc.<sup>(a)</sup>  | Block, Inc.<sup>(a)</sup>  | Block, Inc.<sup>(a)</sup>  |
| 08/15/2030 | &nbsp;&nbsp; 5.625% | 32000 | &nbsp;&nbsp; 32413 |
| 08/15/2033 | &nbsp;&nbsp; 6.000% | 25000 | &nbsp;&nbsp; 25612 |
| Block, Inc. | Block, Inc. | Block, Inc. | Block, Inc. |
| 05/15/2032 | &nbsp;&nbsp; 6.500% | 69000 | &nbsp;&nbsp; 71453 |
| Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. |
| 04/15/2028 | &nbsp;&nbsp; 4.800% | 808000 | &nbsp;&nbsp; 822962 |
| Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  |
| 11/15/2036 | &nbsp;&nbsp; 3.187% | 1774000 | &nbsp;&nbsp; 1514391 |
| CACI International, Inc.<sup>(a)</sup>  | CACI International, Inc.<sup>(a)</sup>  | CACI International, Inc.<sup>(a)</sup>  | CACI International, Inc.<sup>(a)</sup>  |
| 06/15/2033 | &nbsp;&nbsp; 6.375% | 42000 | &nbsp;&nbsp; 43371 |
| Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  | Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  | Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  | Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 8.000% | 14000 | &nbsp;&nbsp; 12359 |
| Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  | Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  | Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  | Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 7.250% | 11000 | &nbsp;&nbsp; 9522 |
| Clarivate Science Holdings Corp.<sup>(a)</sup>  | Clarivate Science Holdings Corp.<sup>(a)</sup>  | Clarivate Science Holdings Corp.<sup>(a)</sup>  | Clarivate Science Holdings Corp.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 4.875% | 102000 | &nbsp;&nbsp; 96390 |
| Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  |
| 09/30/2029 | &nbsp;&nbsp; 9.000% | 144000 | &nbsp;&nbsp; 149224 |
| 06/30/2032 | &nbsp;&nbsp; 8.250% | 74000 | &nbsp;&nbsp; 78545 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 7.375% | 145000 | &nbsp;&nbsp; 134721 |
| Entegris Escrow Corp.<sup>(a)</sup>  | Entegris Escrow Corp.<sup>(a)</sup>  | Entegris Escrow Corp.<sup>(a)</sup>  | Entegris Escrow Corp.<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 5.950% | 101000 | &nbsp;&nbsp; 102429 |
| Fair Isaac Corp.<sup>(a)</sup>  | Fair Isaac Corp.<sup>(a)</sup>  | Fair Isaac Corp.<sup>(a)</sup>  | Fair Isaac Corp.<sup>(a)</sup>  |
| 05/15/2033 | &nbsp;&nbsp; 6.000% | 35000 | &nbsp;&nbsp; 35566 |
| Gen Digital, Inc.<sup>(a)</sup>  | Gen Digital, Inc.<sup>(a)</sup>  | Gen Digital, Inc.<sup>(a)</sup>  | Gen Digital, Inc.<sup>(a)</sup>  |
| 04/01/2033 | &nbsp;&nbsp; 6.250% | 41000 | &nbsp;&nbsp; 41997 |
| GTCR W-2 Merger Sub LLC<sup>(a)</sup>  | GTCR W-2 Merger Sub LLC<sup>(a)</sup>  | GTCR W-2 Merger Sub LLC<sup>(a)</sup>  | GTCR W-2 Merger Sub LLC<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 7.500% | 52000 | &nbsp;&nbsp; 55175 |
| HealthEquity, Inc.<sup>(a)</sup>  | HealthEquity, Inc.<sup>(a)</sup>  | HealthEquity, Inc.<sup>(a)</sup>  | HealthEquity, Inc.<sup>(a)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 4.500% | 22000 | &nbsp;&nbsp; 21352 |
| Intel Corp. | Intel Corp. | Intel Corp. | Intel Corp. |
| 03/25/2050 | &nbsp;&nbsp; 4.750% | 675000 | &nbsp;&nbsp; 571020 |
| International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. |
| 05/15/2026 | &nbsp;&nbsp; 3.300% | 1695000 | &nbsp;&nbsp; 1686494 |
| ION Platform Finance US, Inc.<sup>(a),(c)</sup>  | ION Platform Finance US, Inc.<sup>(a),(c)</sup>  | ION Platform Finance US, Inc.<sup>(a),(c)</sup>  | ION Platform Finance US, Inc.<sup>(a),(c)</sup>  |
| 09/30/2032 | &nbsp;&nbsp; 7.875% | 48000 | &nbsp;&nbsp; 47685 |
| ION Trading Technologies Sarl<sup>(a)</sup>  | ION Trading Technologies Sarl<sup>(a)</sup>  | ION Trading Technologies Sarl<sup>(a)</sup>  | ION Trading Technologies Sarl<sup>(a)</sup>  |
| 05/30/2029 | &nbsp;&nbsp; 9.500% | 200000 | &nbsp;&nbsp; 210997 |
| Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  |
| 09/15/2027 | &nbsp;&nbsp; 4.875% | 14000 | &nbsp;&nbsp; 13936 |
| 07/15/2028 | &nbsp;&nbsp; 5.000% | 46000 | &nbsp;&nbsp; 45776 |
| 02/15/2029 | &nbsp;&nbsp; 7.000% | 17000 | &nbsp;&nbsp; 17505 |
| 01/15/2033 | &nbsp;&nbsp; 6.250% | 15000 | &nbsp;&nbsp; 15304 |
| Minerva Merger Sub, Inc.<sup>(a)</sup>  | Minerva Merger Sub, Inc.<sup>(a)</sup>  | Minerva Merger Sub, Inc.<sup>(a)</sup>  | Minerva Merger Sub, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 6.500% | 93000 | &nbsp;&nbsp; 92261 |
| NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 9.500% | 85000 | &nbsp;&nbsp; 92032 |
| NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 5.000% | 74000 | &nbsp;&nbsp; 72897 |
| 04/15/2029 | &nbsp;&nbsp; 5.125% | 31000 | &nbsp;&nbsp; 30571 |
| Neptune Bidco US, Inc.<sup>(a)</sup>  | Neptune Bidco US, Inc.<sup>(a)</sup>  | Neptune Bidco US, Inc.<sup>(a)</sup>  | Neptune Bidco US, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 9.290% | 93000 | &nbsp;&nbsp; 91300 |
| NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. |
| 05/01/2030 | &nbsp;&nbsp; 3.400% | 1550000 | &nbsp;&nbsp; 1486080 |
| Picard Midco, Inc.<sup>(a)</sup>  | Picard Midco, Inc.<sup>(a)</sup>  | Picard Midco, Inc.<sup>(a)</sup>  | Picard Midco, Inc.<sup>(a)</sup>  |
| 03/31/2029 | &nbsp;&nbsp; 6.500% | 84000 | &nbsp;&nbsp; 84800 |
| Science Applications International Corp.<sup>(a)</sup>  | Science Applications International Corp.<sup>(a)</sup>  | Science Applications International Corp.<sup>(a)</sup>  | Science Applications International Corp.<sup>(a)</sup>  |
| 11/01/2033 | &nbsp;&nbsp; 5.875% | 31000 | &nbsp;&nbsp; 31011 |
| Seagate Data Storage Technology Pte Ltd.<sup>(a)</sup>  | Seagate Data Storage Technology Pte Ltd.<sup>(a)</sup>  | Seagate Data Storage Technology Pte Ltd.<sup>(a)</sup>  | Seagate Data Storage Technology Pte Ltd.<sup>(a)</sup>  |
| 12/15/2029 | &nbsp;&nbsp; 8.250% | 19000 | &nbsp;&nbsp; 20125 |
| 07/15/2031 | &nbsp;&nbsp; 8.500% | 12000 | &nbsp;&nbsp; 12730 |
| Sensata Technologies BV<sup>(a)</sup>  | Sensata Technologies BV<sup>(a)</sup>  | Sensata Technologies BV<sup>(a)</sup>  | Sensata Technologies BV<sup>(a)</sup>  |
| 09/01/2030 | &nbsp;&nbsp; 5.875% | 43000 | &nbsp;&nbsp; 43314 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  | Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  | Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  | Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 6.750% | 55000 | &nbsp;&nbsp; 56848 |
| Synaptics, Inc.<sup>(a)</sup>  | Synaptics, Inc.<sup>(a)</sup>  | Synaptics, Inc.<sup>(a)</sup>  | Synaptics, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 4.000% | 16000 | &nbsp;&nbsp; 15320 |
| UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  |
| 02/01/2031 | &nbsp;&nbsp; 6.875% | 81000 | &nbsp;&nbsp; 83598 |
| WEX, Inc.<sup>(a)</sup>  | WEX, Inc.<sup>(a)</sup>  | WEX, Inc.<sup>(a)</sup>  | WEX, Inc.<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.500% | 41000 | &nbsp;&nbsp; 41914 |
| ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  | ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  | ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  | ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  |
| 02/01/2029 | &nbsp;&nbsp; 3.875% | 99000 | &nbsp;&nbsp; 93768 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **8268146** |
| **Transportation Services 0.1%** | **Transportation Services 0.1%** | **Transportation Services 0.1%** | **Transportation Services 0.1%** |
| Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  | Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  | Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  | Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 8.250% | 22000 | &nbsp;&nbsp; 22815 |
| 02/15/2031 | &nbsp;&nbsp; 8.000% | 41000 | &nbsp;&nbsp; 42374 |
| 06/15/2032 | &nbsp;&nbsp; 8.375% | 23000 | &nbsp;&nbsp; 24096 |
| ERAC USA Finance LLC<sup>(a)</sup>  | ERAC USA Finance LLC<sup>(a)</sup>  | ERAC USA Finance LLC<sup>(a)</sup>  | ERAC USA Finance LLC<sup>(a)</sup>  |
| 10/15/2037 | &nbsp;&nbsp; 7.000% | 725000 | &nbsp;&nbsp; 845498 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **934783** |
| **Wireless 0.0%** | **Wireless 0.0%** | **Wireless 0.0%** | **Wireless 0.0%** |
| Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  |
| 07/15/2031 | &nbsp;&nbsp; 4.750% | 63000 | &nbsp;&nbsp; 59241 |
| **Wirelines 0.0%** | **Wirelines 0.0%** | **Wirelines 0.0%** | **Wirelines 0.0%** |
| Fibercop SpA<sup>(a)</sup>  | Fibercop SpA<sup>(a)</sup>  | Fibercop SpA<sup>(a)</sup>  | Fibercop SpA<sup>(a)</sup>  |
| 07/18/2036 | &nbsp;&nbsp; 7.200% | 11000 | &nbsp;&nbsp; 11145 |
| Frontier Communications Holdings LLC<sup>(a)</sup>  | Frontier Communications Holdings LLC<sup>(a)</sup>  | Frontier Communications Holdings LLC<sup>(a)</sup>  | Frontier Communications Holdings LLC<sup>(a)</sup>  |
| 05/15/2030 | &nbsp;&nbsp; 8.750% | 35000 | &nbsp;&nbsp; 36570 |
| 03/15/2031 | &nbsp;&nbsp; 8.625% | 57000 | &nbsp;&nbsp; 60199 |
| Iliad Holding SAS<sup>(a)</sup>  | Iliad Holding SAS<sup>(a)</sup>  | Iliad Holding SAS<sup>(a)</sup>  | Iliad Holding SAS<sup>(a)</sup>  |
| 10/15/2028 | &nbsp;&nbsp; 7.000% | 68000 | &nbsp;&nbsp; 69199 |
| Iliad Holding SASU<sup>(a)</sup>  | Iliad Holding SASU<sup>(a)</sup>  | Iliad Holding SASU<sup>(a)</sup>  | Iliad Holding SASU<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 7.000% | 32000 | &nbsp;&nbsp; 32661 |
| Optics Bidco SpA<sup>(a)</sup>  | Optics Bidco SpA<sup>(a)</sup>  | Optics Bidco SpA<sup>(a)</sup>  | Optics Bidco SpA<sup>(a)</sup>  |
| 06/04/2038 | &nbsp;&nbsp; 7.721% | 9000 | &nbsp;&nbsp; 9137 |
| Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 8.250% | 40000 | &nbsp;&nbsp; 41467 |
| Windstream Services LLC<sup>(a),(c)</sup>  | Windstream Services LLC<sup>(a),(c)</sup>  | Windstream Services LLC<sup>(a),(c)</sup>  | Windstream Services LLC<sup>(a),(c)</sup>  |
| 10/15/2033 | &nbsp;&nbsp; 7.500% | 29000 | &nbsp;&nbsp; 28993 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **289371** |
| &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $136,819,486) | &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $136,819,486) | &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $136,819,486) | &nbsp;&nbsp; **139953079** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Exchange-Traded Equity Funds 1.9%** | **Exchange-Traded Equity Funds 1.9%** | **Exchange-Traded Equity Funds 1.9%** |
|  | **Shares** | **Value ($)** |
| **U.S. Mid Large Cap 1.9%** | **U.S. Mid Large Cap 1.9%** | **U.S. Mid Large Cap 1.9%** |
| iShares Core MSCI EAFE ETF | &nbsp;&nbsp; 355182 | &nbsp;&nbsp; 31010940 |
| &nbsp;&nbsp; Total Exchange-Traded Equity Funds <br>(Cost $23,810,275) | &nbsp;&nbsp; Total Exchange-Traded Equity Funds <br>(Cost $23,810,275) | &nbsp;&nbsp; **31010940** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(i)</sup> **0.0%** | **Foreign Government Obligations**<sup>(i)</sup> **0.0%** | **Foreign Government Obligations**<sup>(i)</sup> **0.0%** | **Foreign Government Obligations**<sup>(i)</sup> **0.0%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Canada 0.0%** | **Canada 0.0%** | **Canada 0.0%** | **Canada 0.0%** |
| NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  |
| 11/15/2028 | &nbsp;&nbsp; 8.500% | 12000 | &nbsp;&nbsp; 12582 |
| 02/15/2030 | &nbsp;&nbsp; 9.000% | 76000 | &nbsp;&nbsp; 81542 |
| 12/01/2031 | &nbsp;&nbsp; 7.000% | 13000 | &nbsp;&nbsp; 13692 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **107816** |
| &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $101,498) | &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $101,498) | &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $101,498) | &nbsp;&nbsp; **107816** |
| **Residential Mortgage-Backed Securities - Agency 13.9%** | **Residential Mortgage-Backed Securities - Agency 13.9%** | **Residential Mortgage-Backed Securities - Agency 13.9%** | **Residential Mortgage-Backed Securities - Agency 13.9%** |
| Fannie Mae REMICS<sup>(b),(j)</sup>  | Fannie Mae REMICS<sup>(b),(j)</sup>  | Fannie Mae REMICS<sup>(b),(j)</sup>  | Fannie Mae REMICS<sup>(b),(j)</sup>  |
| CMO Series 2024-6 Class AS | CMO Series 2024-6 Class AS | CMO Series 2024-6 Class AS | CMO Series 2024-6 Class AS |
| &nbsp;&nbsp; 30-day Average SOFR + 5.936% <br>Cap 6.050% <br>09/25/2049<br>| &nbsp;&nbsp; 1.580% | 5377206 | &nbsp;&nbsp; 623341 |
| Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  |
| CMO Series 2024-87 Class FA | CMO Series 2024-87 Class FA | CMO Series 2024-87 Class FA | CMO Series 2024-87 Class FA |
| &nbsp;&nbsp; 30-day Average SOFR + 1.400% <br>Floor 1.400%, Cap 6.500% <br>12/25/2054<br>| &nbsp;&nbsp; 5.756% | 2997351 | &nbsp;&nbsp; 3020041 |
| CMO Series 2025-10 Class FB | CMO Series 2025-10 Class FB | CMO Series 2025-10 Class FB | CMO Series 2025-10 Class FB |
| &nbsp;&nbsp; 30-day Average SOFR + 0.850% <br>Floor 0.850%, Cap 6.000% <br>02/25/2055<br>| &nbsp;&nbsp; 5.206% | 2472522 | &nbsp;&nbsp; 2444717 |
| CMO Series 2025-15 Class ME | CMO Series 2025-15 Class ME | CMO Series 2025-15 Class ME | CMO Series 2025-15 Class ME |
| &nbsp;&nbsp; 30-day Average SOFR + 3.300% <br>Floor 3.300%, Cap 7.800% <br>04/25/2055<br>| &nbsp;&nbsp; 7.656% | 3161050 | &nbsp;&nbsp; 3232269 |
| CMO Series 2025-4 Class FA | CMO Series 2025-4 Class FA | CMO Series 2025-4 Class FA | CMO Series 2025-4 Class FA |
| &nbsp;&nbsp; 30-day Average SOFR + 1.200% <br>Floor 1.200%, Cap 7.000% <br>07/25/2054<br>| &nbsp;&nbsp; 5.556% | 3162899 | &nbsp;&nbsp; 3167929 |
| CMO Series 2025-6 Class LF | CMO Series 2025-6 Class LF | CMO Series 2025-6 Class LF | CMO Series 2025-6 Class LF |
| &nbsp;&nbsp; 30-day Average SOFR + 1.800% <br>Floor 1.800%, Cap 6.000% <br>02/25/2055<br>| &nbsp;&nbsp; 6.000% | 5418899 | &nbsp;&nbsp; 5462609 |
| CMO Series 2025-86 Class FH | CMO Series 2025-86 Class FH | CMO Series 2025-86 Class FH | CMO Series 2025-86 Class FH |
| &nbsp;&nbsp; 30-day Average SOFR + 0.850% <br>Floor 0.850%, Cap 6.000% <br>09/25/2055<br>| &nbsp;&nbsp; 5.237% | 6000000 | &nbsp;&nbsp; 5939967 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| 04/01/2032 | &nbsp;&nbsp; 6.000% | 7143 | &nbsp;&nbsp; 7302 |
| 04/01/2032 | &nbsp;&nbsp; 7.000% | 7143 | &nbsp;&nbsp; 7465 |
| 07/01/2032 | &nbsp;&nbsp; 6.500% | 2461 | &nbsp;&nbsp; 2542 |
| 01/01/2033 | &nbsp;&nbsp; 3.000% | 337216 | &nbsp;&nbsp; 328355 |
| &nbsp;&nbsp; 12/01/2051- <br>06/01/2052<br>| &nbsp;&nbsp; 2.500% | 12701282 | &nbsp;&nbsp; 10745187 |
| 07/01/2052 | &nbsp;&nbsp; 3.500% | 3818627 | &nbsp;&nbsp; 3492201 |
| &nbsp;&nbsp; 07/01/2052- <br>01/01/2055<br>| &nbsp;&nbsp; 4.500% | 11378011 | &nbsp;&nbsp; 11086005 |
| &nbsp;&nbsp; 11/01/2052- <br>01/01/2054<br>| &nbsp;&nbsp; 4.000% | 20366275 | &nbsp;&nbsp; 19313748 |
| 12/01/2054 | &nbsp;&nbsp; 5.000% | 3084246 | &nbsp;&nbsp; 3087851 |
| 05/01/2055 | &nbsp;&nbsp; 5.500% | 2942470 | &nbsp;&nbsp; 2994409 |
| Federal Home Loan Mortgage Corp.<sup>(k)</sup>  | Federal Home Loan Mortgage Corp.<sup>(k)</sup>  | Federal Home Loan Mortgage Corp.<sup>(k)</sup>  | Federal Home Loan Mortgage Corp.<sup>(k)</sup>  |
| 05/01/2032 | &nbsp;&nbsp; 6.500% | 69550 | &nbsp;&nbsp; 72318 |
| 06/01/2037 | &nbsp;&nbsp; 6.000% | 21414 | &nbsp;&nbsp; 22411 |
| 02/01/2038 | &nbsp;&nbsp; 5.500% | 114067 | &nbsp;&nbsp; 118410 |
| 07/01/2043 | &nbsp;&nbsp; 3.000% | 102884 | &nbsp;&nbsp; 94688 |
| Federal Home Loan Mortgage Corp.<sup>(b),(j)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(j)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(j)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(j)</sup>  |
| CMO Series 326 Class S2 | CMO Series 326 Class S2 | CMO Series 326 Class S2 | CMO Series 326 Class S2 |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.836% <br>Cap 5.950% <br>03/15/2044<br>| &nbsp;&nbsp; 1.463% | 3782419 | &nbsp;&nbsp; 400839 |
| Federal Home Loan Mortgage Corp. REMICS<sup>(b),(j)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(b),(j)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(b),(j)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(b),(j)</sup>  |
| CMO Series 4906 Class QS | CMO Series 4906 Class QS | CMO Series 4906 Class QS | CMO Series 4906 Class QS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>09/25/2049<br>| &nbsp;&nbsp; 1.580% | 3052788 | &nbsp;&nbsp; 425274 |
| CMO Series 5228 Class SA | CMO Series 5228 Class SA | CMO Series 5228 Class SA | CMO Series 5228 Class SA |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 9,999.000% <br>01/25/2047<br>| &nbsp;&nbsp; 1.539% | 3317535 | &nbsp;&nbsp; 392622 |
| CMO Series 5440 Class SM | CMO Series 5440 Class SM | CMO Series 5440 Class SM | CMO Series 5440 Class SM |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.900% <br>Cap 5.900% <br>07/25/2054<br>| &nbsp;&nbsp; 1.544% | 6828961 | &nbsp;&nbsp; 689414 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; 03/01/2026- <br>12/01/2032<br>| &nbsp;&nbsp; 7.000% | 119690 | &nbsp;&nbsp; 124958 |
| &nbsp;&nbsp; 10/01/2026- <br>04/01/2052<br>| &nbsp;&nbsp; 3.500% | 1515844 | &nbsp;&nbsp; 1391066 |
| &nbsp;&nbsp; 11/01/2026- <br>01/01/2029<br>| &nbsp;&nbsp; 4.000% | 25400 | &nbsp;&nbsp; 25296 |
| &nbsp;&nbsp; 08/01/2028- <br>09/01/2032<br>| &nbsp;&nbsp; 6.500% | 25250 | &nbsp;&nbsp; 26231 |
| &nbsp;&nbsp; 12/01/2028- <br>09/01/2054<br>| &nbsp;&nbsp; 6.000% | 13309874 | &nbsp;&nbsp; 13631188 |
| &nbsp;&nbsp; 02/01/2038- <br>03/01/2054<br>| &nbsp;&nbsp; 5.500% | 5410773 | &nbsp;&nbsp; 5465605 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 08/01/2051 | &nbsp;&nbsp; 2.500% | 5498160 | &nbsp;&nbsp; 4678806 |
| &nbsp;&nbsp; 02/01/2052- <br>03/01/2052<br>| &nbsp;&nbsp; 2.000% | 9798377 | &nbsp;&nbsp; 8002773 |
| 04/01/2052 | &nbsp;&nbsp; 3.000% | 3884611 | &nbsp;&nbsp; 3418571 |
| &nbsp;&nbsp; 08/01/2053- <br>12/01/2054<br>| &nbsp;&nbsp; 5.000% | 19591012 | &nbsp;&nbsp; 19559739 |
| 12/01/2054 | &nbsp;&nbsp; 4.500% | 5500000 | &nbsp;&nbsp; 5344723 |
| Federal National Mortgage Association<sup>(k)</sup>  | Federal National Mortgage Association<sup>(k)</sup>  | Federal National Mortgage Association<sup>(k)</sup>  | Federal National Mortgage Association<sup>(k)</sup>  |
| 02/01/2031 | &nbsp;&nbsp; 3.500% | 52406 | &nbsp;&nbsp; 51899 |
| Federal National Mortgage Association REMICS<sup>(b),(j)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(j)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(j)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(j)</sup>  |
| CMO Series 2017-76 Class SB | CMO Series 2017-76 Class SB | CMO Series 2017-76 Class SB | CMO Series 2017-76 Class SB |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>10/25/2057<br>| &nbsp;&nbsp; 1.630% | 2953361 | &nbsp;&nbsp; 392958 |
| CMO Series 2023-50 Class S | CMO Series 2023-50 Class S | CMO Series 2023-50 Class S | CMO Series 2023-50 Class S |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>07/25/2049<br>| &nbsp;&nbsp; 1.530% | 3454557 | &nbsp;&nbsp; 345138 |
| CMO Series 2024-74 Class SW | CMO Series 2024-74 Class SW | CMO Series 2024-74 Class SW | CMO Series 2024-74 Class SW |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.000% <br>Cap 6.000% <br>09/25/2054<br>| &nbsp;&nbsp; 1.644% | 5096454 | &nbsp;&nbsp; 504511 |
| Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  |
| CMO Series 5462 Class FA | CMO Series 5462 Class FA | CMO Series 5462 Class FA | CMO Series 5462 Class FA |
| &nbsp;&nbsp; 30-day Average SOFR + 1.100% <br>Floor 1.100%, Cap 6.500% <br>10/25/2054<br>| &nbsp;&nbsp; 5.456% | 4370691 | &nbsp;&nbsp; 4365273 |
| CMO Series 5500 Class FQ | CMO Series 5500 Class FQ | CMO Series 5500 Class FQ | CMO Series 5500 Class FQ |
| &nbsp;&nbsp; 30-day Average SOFR + 1.430% <br>Floor 1.430%, Cap 6.500% <br>10/25/2054<br>| &nbsp;&nbsp; 5.786% | 3379104 | &nbsp;&nbsp; 3390940 |
| CMO Series 5513 Class MQ | CMO Series 5513 Class MQ | CMO Series 5513 Class MQ | CMO Series 5513 Class MQ |
| &nbsp;&nbsp; 30-day Average SOFR + 3.950% <br>Cap 8.250% <br>06/25/2054<br>| &nbsp;&nbsp; 8.082% | 3259875 | &nbsp;&nbsp; 3368910 |
| CMO Series 5513 Class MU | CMO Series 5513 Class MU | CMO Series 5513 Class MU | CMO Series 5513 Class MU |
| &nbsp;&nbsp; 30-day Average SOFR + 3.950% <br>Cap 8.250% <br>11/25/2054<br>| &nbsp;&nbsp; 8.082% | 7267195 | &nbsp;&nbsp; 7530764 |
| CMO Series 5518 Class FC | CMO Series 5518 Class FC | CMO Series 5518 Class FC | CMO Series 5518 Class FC |
| &nbsp;&nbsp; 30-day Average SOFR + 1.320% <br>Floor 1.320%, Cap 6.500% <br>03/25/2055<br>| &nbsp;&nbsp; 5.676% | 3202028 | &nbsp;&nbsp; 3211959 |
| CMO Series 5532 Class MB | CMO Series 5532 Class MB | CMO Series 5532 Class MB | CMO Series 5532 Class MB |
| &nbsp;&nbsp; 30-day Average SOFR + 3.950% <br>Cap 8.250% <br>04/25/2055<br>| &nbsp;&nbsp; 8.082% | 1839635 | &nbsp;&nbsp; 1891870 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 5560 Class MB | CMO Series 5560 Class MB | CMO Series 5560 Class MB | CMO Series 5560 Class MB |
| &nbsp;&nbsp; 30-day Average SOFR + 4.600% <br>Cap 8.700% <br>06/25/2055<br>| &nbsp;&nbsp; 7.932% | 3272339 | &nbsp;&nbsp; 3375934 |
| Freddie Mac REMICS<sup>(b),(j)</sup>  | Freddie Mac REMICS<sup>(b),(j)</sup>  | Freddie Mac REMICS<sup>(b),(j)</sup>  | Freddie Mac REMICS<sup>(b),(j)</sup>  |
| CMO Series 5573 Class SA | CMO Series 5573 Class SA | CMO Series 5573 Class SA | CMO Series 5573 Class SA |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.150% <br>Cap 5.150% <br>09/25/2055<br>| &nbsp;&nbsp; 0.794% | 5146760 | &nbsp;&nbsp; 334572 |
| Government National Mortgage Association<sup>(b),(j)</sup>  | Government National Mortgage Association<sup>(b),(j)</sup>  | Government National Mortgage Association<sup>(b),(j)</sup>  | Government National Mortgage Association<sup>(b),(j)</sup>  |
| CMO Series 2019-22 Class SM | CMO Series 2019-22 Class SM | CMO Series 2019-22 Class SM | CMO Series 2019-22 Class SM |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>02/20/2049<br>| &nbsp;&nbsp; 1.800% | 3374502 | &nbsp;&nbsp; 421957 |
| CMO Series 2020-101 Class SK | CMO Series 2020-101 Class SK | CMO Series 2020-101 Class SK | CMO Series 2020-101 Class SK |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>07/20/2050<br>| &nbsp;&nbsp; 1.950% | 2506654 | &nbsp;&nbsp; 321767 |
| CMO Series 2020-77 Class KS | CMO Series 2020-77 Class KS | CMO Series 2020-77 Class KS | CMO Series 2020-77 Class KS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.986% <br>Cap 6.100% <br>05/20/2049<br>| &nbsp;&nbsp; 1.850% | 3294111 | &nbsp;&nbsp; 441026 |
| CMO Series 2021-154 Class SD | CMO Series 2021-154 Class SD | CMO Series 2021-154 Class SD | CMO Series 2021-154 Class SD |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>09/20/2051<br>| &nbsp;&nbsp; 2.050% | 6042599 | &nbsp;&nbsp; 847703 |
| CMO Series 2021-55 Class SC | CMO Series 2021-55 Class SC | CMO Series 2021-55 Class SC | CMO Series 2021-55 Class SC |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>03/20/2051<br>| &nbsp;&nbsp; 2.050% | 2627574 | &nbsp;&nbsp; 359629 |
| CMO Series 2021-58 Class SN | CMO Series 2021-58 Class SN | CMO Series 2021-58 Class SN | CMO Series 2021-58 Class SN |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>04/20/2051<br>| &nbsp;&nbsp; 2.050% | 2565308 | &nbsp;&nbsp; 309030 |
| CMO Series 2021-66 Class AS | CMO Series 2021-66 Class AS | CMO Series 2021-66 Class AS | CMO Series 2021-66 Class AS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>04/20/2051<br>| &nbsp;&nbsp; 2.050% | 4856384 | &nbsp;&nbsp; 665496 |
| CMO Series 2021-74 Class SA | CMO Series 2021-74 Class SA | CMO Series 2021-74 Class SA | CMO Series 2021-74 Class SA |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>04/20/2051<br>| &nbsp;&nbsp; 2.050% | 3042066 | &nbsp;&nbsp; 416357 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2021-98 Class KS | CMO Series 2021-98 Class KS | CMO Series 2021-98 Class KS | CMO Series 2021-98 Class KS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>06/20/2051<br>| &nbsp;&nbsp; 2.050% | 2391015 | &nbsp;&nbsp; 352987 |
| CMO Series 2024-126 Class SG | CMO Series 2024-126 Class SG | CMO Series 2024-126 Class SG | CMO Series 2024-126 Class SG |
| &nbsp;&nbsp; 30-day Average SOFR + 6.650% <br>Cap 6.650% <br>08/20/2054<br>| &nbsp;&nbsp; 2.261% | 7215307 | &nbsp;&nbsp; 896246 |
| CMO Series 2024-159 Class CS | CMO Series 2024-159 Class CS | CMO Series 2024-159 Class CS | CMO Series 2024-159 Class CS |
| &nbsp;&nbsp; 30-day Average SOFR + 5.500% <br>Cap 5.500% <br>10/20/2054<br>| &nbsp;&nbsp; 1.111% | 15763021 | &nbsp;&nbsp; 1174712 |
| CMO Series 2024-184 Class SX | CMO Series 2024-184 Class SX | CMO Series 2024-184 Class SX | CMO Series 2024-184 Class SX |
| &nbsp;&nbsp; 30-day Average SOFR + 5.250% <br>Cap 5.250% <br>11/20/2054<br>| &nbsp;&nbsp; 0.861% | 9821064 | &nbsp;&nbsp; 641756 |
| CMO Series 2024-196 Class SK | CMO Series 2024-196 Class SK | CMO Series 2024-196 Class SK | CMO Series 2024-196 Class SK |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.100% <br>Cap 6.100% <br>12/20/2054<br>| &nbsp;&nbsp; 1.711% | 2952712 | &nbsp;&nbsp; 273160 |
| CMO Series 2024-197 Class LS | CMO Series 2024-197 Class LS | CMO Series 2024-197 Class LS | CMO Series 2024-197 Class LS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.000% <br>Cap 6.000% <br>12/20/2054<br>| &nbsp;&nbsp; 1.611% | 8388513 | &nbsp;&nbsp; 794924 |
| CMO Series 2024-197 Class SH | CMO Series 2024-197 Class SH | CMO Series 2024-197 Class SH | CMO Series 2024-197 Class SH |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.000% <br>Cap 6.000% <br>12/20/2054<br>| &nbsp;&nbsp; 1.611% | 10517406 | &nbsp;&nbsp; 946245 |
| CMO Series 2024-197 Class SV | CMO Series 2024-197 Class SV | CMO Series 2024-197 Class SV | CMO Series 2024-197 Class SV |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.050% <br>Cap 6.050% <br>12/20/2054<br>| &nbsp;&nbsp; 1.661% | 10032099 | &nbsp;&nbsp; 1171397 |
| CMO Series 2024-204 Class ES | CMO Series 2024-204 Class ES | CMO Series 2024-204 Class ES | CMO Series 2024-204 Class ES |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.050% <br>Cap 6.050% <br>12/20/2054<br>| &nbsp;&nbsp; 1.661% | 7882471 | &nbsp;&nbsp; 926672 |
| CMO Series 2024-22D Class AS | CMO Series 2024-22D Class AS | CMO Series 2024-22D Class AS | CMO Series 2024-22D Class AS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>08/20/2051<br>| &nbsp;&nbsp; 1.800% | 6015956 | &nbsp;&nbsp; 745540 |
| Government National Mortgage Association<sup>(j)</sup>  | Government National Mortgage Association<sup>(j)</sup>  | Government National Mortgage Association<sup>(j)</sup>  | Government National Mortgage Association<sup>(j)</sup>  |
| CMO Series 2024-22 Class EI | CMO Series 2024-22 Class EI | CMO Series 2024-22 Class EI | CMO Series 2024-22 Class EI |
| 01/20/2052 | &nbsp;&nbsp; 3.500% | 7877393 | &nbsp;&nbsp; 1513700 |
| CMO Series 2024-28 Class IM | CMO Series 2024-28 Class IM | CMO Series 2024-28 Class IM | CMO Series 2024-28 Class IM |
| 01/20/2050 | &nbsp;&nbsp; 4.000% | 2317569 | &nbsp;&nbsp; 343489 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  |
| CMO Series 2025-39 Class M | CMO Series 2025-39 Class M | CMO Series 2025-39 Class M | CMO Series 2025-39 Class M |
| &nbsp;&nbsp; 30-day Average SOFR + 4.000% <br>Floor 4.000%, Cap 7.700% <br>03/20/2055<br>| &nbsp;&nbsp; 6.185% | 2484596 | &nbsp;&nbsp; 2557351 |
| Uniform Mortgage-Backed Security TBA<sup>(c)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(c)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(c)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(c)</sup>  |
| &nbsp;&nbsp; 10/16/2040- <br>10/14/2055<br>| &nbsp;&nbsp; 3.000% | 17825000 | &nbsp;&nbsp; 15799200 |
| &nbsp;&nbsp; 10/16/2040- <br>10/14/2055<br>| &nbsp;&nbsp; 3.500% | 12600000 | &nbsp;&nbsp; 11764302 |
| &nbsp;&nbsp; 10/16/2040- <br>10/14/2055<br>| &nbsp;&nbsp; 4.000% | 2400000 | &nbsp;&nbsp; 2302702 |
| 10/14/2055 | &nbsp;&nbsp; 4.500% | 8800000 | &nbsp;&nbsp; 8534749 |
| 10/14/2055 | &nbsp;&nbsp; 5.500% | 10000000 | &nbsp;&nbsp; 10082380 |
| &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $229,319,541) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $229,319,541) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $229,319,541) | &nbsp;&nbsp; **232210075** |
| **Residential Mortgage-Backed Securities - Non-Agency 7.6%** | **Residential Mortgage-Backed Securities - Non-Agency 7.6%** | **Residential Mortgage-Backed Securities - Non-Agency 7.6%** | **Residential Mortgage-Backed Securities - Non-Agency 7.6%** |
| A&D Mortgage Trust<sup>(a),(g)</sup>  | A&D Mortgage Trust<sup>(a),(g)</sup>  | A&D Mortgage Trust<sup>(a),(g)</sup>  | A&D Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 |
| 04/25/2069 | &nbsp;&nbsp; 6.498% | 3626321 | &nbsp;&nbsp; 3676814 |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 08/25/2070 | &nbsp;&nbsp; 5.374% | 2389864 | &nbsp;&nbsp; 2408851 |
| CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 |
| 10/25/2070 | &nbsp;&nbsp; 5.225% | 2460000 | &nbsp;&nbsp; 2461777 |
| ACHM Trust<sup>(a),(d)</sup>  | ACHM Trust<sup>(a),(d)</sup>  | ACHM Trust<sup>(a),(d)</sup>  | ACHM Trust<sup>(a),(d)</sup>  |
| CMO Series 2025-HE2 Class A | CMO Series 2025-HE2 Class A | CMO Series 2025-HE2 Class A | CMO Series 2025-HE2 Class A |
| 08/25/2055 | &nbsp;&nbsp; 5.404% | 4360733 | &nbsp;&nbsp; 4363412 |
| Ajax Mortgage Loan Trust<sup>(a),(d)</sup>  | Ajax Mortgage Loan Trust<sup>(a),(d)</sup>  | Ajax Mortgage Loan Trust<sup>(a),(d)</sup>  | Ajax Mortgage Loan Trust<sup>(a),(d)</sup>  |
| CMO Series 2021-A Class A1 | CMO Series 2021-A Class A1 | CMO Series 2021-A Class A1 | CMO Series 2021-A Class A1 |
| 09/25/2065 | &nbsp;&nbsp; 1.065% | 1625483 | &nbsp;&nbsp; 1469351 |
| Angel Oak Mortgage Trust<sup>(a),(d)</sup>  | Angel Oak Mortgage Trust<sup>(a),(d)</sup>  | Angel Oak Mortgage Trust<sup>(a),(d)</sup>  | Angel Oak Mortgage Trust<sup>(a),(d)</sup>  |
| CMO Series 2020-6 Class A3 | CMO Series 2020-6 Class A3 | CMO Series 2020-6 Class A3 | CMO Series 2020-6 Class A3 |
| 05/25/2065 | &nbsp;&nbsp; 1.775% | 87243 | &nbsp;&nbsp; 80008 |
| CMO Series 2020-6 Class M1 | CMO Series 2020-6 Class M1 | CMO Series 2020-6 Class M1 | CMO Series 2020-6 Class M1 |
| 05/25/2065 | &nbsp;&nbsp; 2.805% | 400000 | &nbsp;&nbsp; 329625 |
| CMO Series 2020-R1 Class A1 | CMO Series 2020-R1 Class A1 | CMO Series 2020-R1 Class A1 | CMO Series 2020-R1 Class A1 |
| 04/25/2053 | &nbsp;&nbsp; 0.990% | 244081 | &nbsp;&nbsp; 232426 |
| Angel Oak Mortgage Trust<sup>(a),(g)</sup>  | Angel Oak Mortgage Trust<sup>(a),(g)</sup>  | Angel Oak Mortgage Trust<sup>(a),(g)</sup>  | Angel Oak Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2022-6 Class A1 | CMO Series 2022-6 Class A1 | CMO Series 2022-6 Class A1 | CMO Series 2022-6 Class A1 |
| 07/25/2067 | &nbsp;&nbsp; 4.300% | 3345173 | &nbsp;&nbsp; 3332698 |
| BRAVO Residential Funding Trust<sup>(a),(d)</sup>  | BRAVO Residential Funding Trust<sup>(a),(d)</sup>  | BRAVO Residential Funding Trust<sup>(a),(d)</sup>  | BRAVO Residential Funding Trust<sup>(a),(d)</sup>  |
| CMO Series 2020-NQM1 Class A1 | CMO Series 2020-NQM1 Class A1 | CMO Series 2020-NQM1 Class A1 | CMO Series 2020-NQM1 Class A1 |
| 05/25/2060 | &nbsp;&nbsp; 1.449% | 71403 | &nbsp;&nbsp; 69575 |
| CMO Series 2020-RPL1 Class A1 | CMO Series 2020-RPL1 Class A1 | CMO Series 2020-RPL1 Class A1 | CMO Series 2020-RPL1 Class A1 |
| 05/26/2059 | &nbsp;&nbsp; 2.500% | 207820 | &nbsp;&nbsp; 204254 |
| CMO Series 2021-NQM1 Class A1 | CMO Series 2021-NQM1 Class A1 | CMO Series 2021-NQM1 Class A1 | CMO Series 2021-NQM1 Class A1 |
| 02/25/2049 | &nbsp;&nbsp; 0.941% | 626435 | &nbsp;&nbsp; 585498 |
| CMO Series 2021-NQM1 Class A3 | CMO Series 2021-NQM1 Class A3 | CMO Series 2021-NQM1 Class A3 | CMO Series 2021-NQM1 Class A3 |
| 02/25/2049 | &nbsp;&nbsp; 1.332% | 255216 | &nbsp;&nbsp; 239781 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2021-NQM2 Class A3 | CMO Series 2021-NQM2 Class A3 | CMO Series 2021-NQM2 Class A3 | CMO Series 2021-NQM2 Class A3 |
| 03/25/2060 | &nbsp;&nbsp; 1.435% | 91598 | &nbsp;&nbsp; 89487 |
| CMO Series 2022-NQM3 Class A1 | CMO Series 2022-NQM3 Class A1 | CMO Series 2022-NQM3 Class A1 | CMO Series 2022-NQM3 Class A1 |
| 07/25/2062 | &nbsp;&nbsp; 5.108% | 725159 | &nbsp;&nbsp; 736008 |
| Subordinated CMO Series 2021-NQM2 Class B1 | Subordinated CMO Series 2021-NQM2 Class B1 | Subordinated CMO Series 2021-NQM2 Class B1 | Subordinated CMO Series 2021-NQM2 Class B1 |
| 03/25/2060 | &nbsp;&nbsp; 3.044% | 425000 | &nbsp;&nbsp; 394129 |
| BRAVO Residential Funding Trust<sup>(a),(g)</sup>  | BRAVO Residential Funding Trust<sup>(a),(g)</sup>  | BRAVO Residential Funding Trust<sup>(a),(g)</sup>  | BRAVO Residential Funding Trust<sup>(a),(g)</sup>  |
| CMO Series 2023-NQM8 Class A1 | CMO Series 2023-NQM8 Class A1 | CMO Series 2023-NQM8 Class A1 | CMO Series 2023-NQM8 Class A1 |
| 10/25/2063 | &nbsp;&nbsp; 6.394% | 371128 | &nbsp;&nbsp; 375261 |
| CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 |
| 02/25/2064 | &nbsp;&nbsp; 6.285% | 978518 | &nbsp;&nbsp; 990740 |
| CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 |
| 03/25/2064 | &nbsp;&nbsp; 6.191% | 1351486 | &nbsp;&nbsp; 1368690 |
| CHNGE Mortgage Trust<sup>(a),(d)</sup>  | CHNGE Mortgage Trust<sup>(a),(d)</sup>  | CHNGE Mortgage Trust<sup>(a),(d)</sup>  | CHNGE Mortgage Trust<sup>(a),(d)</sup>  |
| CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 |
| 01/25/2067 | &nbsp;&nbsp; 3.007% | 1580501 | &nbsp;&nbsp; 1517204 |
| CHNGE Mortgage Trust<sup>(a),(g)</sup>  | CHNGE Mortgage Trust<sup>(a),(g)</sup>  | CHNGE Mortgage Trust<sup>(a),(g)</sup>  | CHNGE Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2022-NQM1 Class A1 | CMO Series 2022-NQM1 Class A1 | CMO Series 2022-NQM1 Class A1 | CMO Series 2022-NQM1 Class A1 |
| 06/25/2067 | &nbsp;&nbsp; 5.189% | 602742 | &nbsp;&nbsp; 604696 |
| COLT Mortgage Loan Trust<sup>(a)</sup>  | COLT Mortgage Loan Trust<sup>(a)</sup>  | COLT Mortgage Loan Trust<sup>(a)</sup>  | COLT Mortgage Loan Trust<sup>(a)</sup>  |
| CMO Series 2021-2R Class A1 | CMO Series 2021-2R Class A1 | CMO Series 2021-2R Class A1 | CMO Series 2021-2R Class A1 |
| 07/27/2054 | &nbsp;&nbsp; 0.798% | 252955 | &nbsp;&nbsp; 227296 |
| COLT Mortgage Loan Trust<sup>(a),(d)</sup>  | COLT Mortgage Loan Trust<sup>(a),(d)</sup>  | COLT Mortgage Loan Trust<sup>(a),(d)</sup>  | COLT Mortgage Loan Trust<sup>(a),(d)</sup>  |
| CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 |
| 12/27/2066 | &nbsp;&nbsp; 2.284% | 1642075 | &nbsp;&nbsp; 1513346 |
| CMO Series 2022-4 Class A1 | CMO Series 2022-4 Class A1 | CMO Series 2022-4 Class A1 | CMO Series 2022-4 Class A1 |
| 03/25/2067 | &nbsp;&nbsp; 4.301% | 1424038 | &nbsp;&nbsp; 1432529 |
| COLT Mortgage Loan Trust<sup>(a),(g)</sup>  | COLT Mortgage Loan Trust<sup>(a),(g)</sup>  | COLT Mortgage Loan Trust<sup>(a),(g)</sup>  | COLT Mortgage Loan Trust<sup>(a),(g)</sup>  |
| CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 |
| 02/25/2069 | &nbsp;&nbsp; 5.835% | 988848 | &nbsp;&nbsp; 997477 |
| CMO Series 2025-7 Class A1 | CMO Series 2025-7 Class A1 | CMO Series 2025-7 Class A1 | CMO Series 2025-7 Class A1 |
| 06/25/2070 | &nbsp;&nbsp; 5.470% | 4987882 | &nbsp;&nbsp; 5034558 |
| Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  |
| CMO Series 2022-R04 Class 1M2 | CMO Series 2022-R04 Class 1M2 | CMO Series 2022-R04 Class 1M2 | CMO Series 2022-R04 Class 1M2 |
| &nbsp;&nbsp; 30-day Average SOFR + 3.100% <br>03/25/2042<br>| &nbsp;&nbsp; 7.456% | 975000 | &nbsp;&nbsp; 1001565 |
| Credit Suisse Mortgage Trust<sup>(a),(d)</sup>  | Credit Suisse Mortgage Trust<sup>(a),(d)</sup>  | Credit Suisse Mortgage Trust<sup>(a),(d)</sup>  | Credit Suisse Mortgage Trust<sup>(a),(d)</sup>  |
| CMO Series 2021-AFC1 Class A1 | CMO Series 2021-AFC1 Class A1 | CMO Series 2021-AFC1 Class A1 | CMO Series 2021-AFC1 Class A1 |
| 03/25/2056 | &nbsp;&nbsp; 0.830% | 470980 | &nbsp;&nbsp; 397105 |
| CMO Series 2021-NQM1 Class A3 | CMO Series 2021-NQM1 Class A3 | CMO Series 2021-NQM1 Class A3 | CMO Series 2021-NQM1 Class A3 |
| 05/25/2065 | &nbsp;&nbsp; 1.199% | 142508 | &nbsp;&nbsp; 130544 |
| CMO Series 2021-NQM1 Class M1 | CMO Series 2021-NQM1 Class M1 | CMO Series 2021-NQM1 Class M1 | CMO Series 2021-NQM1 Class M1 |
| 05/25/2065 | &nbsp;&nbsp; 2.130% | 175000 | &nbsp;&nbsp; 140394 |
| CMO Series 2021-RPL2 Class M1 | CMO Series 2021-RPL2 Class M1 | CMO Series 2021-RPL2 Class M1 | CMO Series 2021-RPL2 Class M1 |
| 01/25/2060 | &nbsp;&nbsp; 2.750% | 751019 | &nbsp;&nbsp; 575148 |
| CMO Series 2021-RPL2 Class M2 | CMO Series 2021-RPL2 Class M2 | CMO Series 2021-RPL2 Class M2 | CMO Series 2021-RPL2 Class M2 |
| 01/25/2060 | &nbsp;&nbsp; 3.250% | 375000 | &nbsp;&nbsp; 279563 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2022-ATH3 Class A1 | CMO Series 2022-ATH3 Class A1 | CMO Series 2022-ATH3 Class A1 | CMO Series 2022-ATH3 Class A1 |
| 08/25/2067 | &nbsp;&nbsp; 4.991% | 628718 | &nbsp;&nbsp; 626461 |
| Cross Mortgage Trust<sup>(a),(g)</sup>  | Cross Mortgage Trust<sup>(a),(g)</sup>  | Cross Mortgage Trust<sup>(a),(g)</sup>  | Cross Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2024-H2 Class A1 | CMO Series 2024-H2 Class A1 | CMO Series 2024-H2 Class A1 | CMO Series 2024-H2 Class A1 |
| 04/25/2069 | &nbsp;&nbsp; 6.093% | 369192 | &nbsp;&nbsp; 373440 |
| CSMC Trust<sup>(a),(d)</sup>  | CSMC Trust<sup>(a),(d)</sup>  | CSMC Trust<sup>(a),(d)</sup>  | CSMC Trust<sup>(a),(d)</sup>  |
| CMO Series 2018-RPL9 Class A | CMO Series 2018-RPL9 Class A | CMO Series 2018-RPL9 Class A | CMO Series 2018-RPL9 Class A |
| 09/25/2057 | &nbsp;&nbsp; 3.850% | 1109269 | &nbsp;&nbsp; 1071547 |
| CMO Series 2021-RPL4 Class A1 | CMO Series 2021-RPL4 Class A1 | CMO Series 2021-RPL4 Class A1 | CMO Series 2021-RPL4 Class A1 |
| 12/27/2060 | &nbsp;&nbsp; 4.136% | 817722 | &nbsp;&nbsp; 818056 |
| CMO Series 2022-NQM5 Class A1 | CMO Series 2022-NQM5 Class A1 | CMO Series 2022-NQM5 Class A1 | CMO Series 2022-NQM5 Class A1 |
| 05/25/2067 | &nbsp;&nbsp; 5.169% | 1215808 | &nbsp;&nbsp; 1255932 |
| Subordinated CMO Series 2020-RPL4 Class A1 | Subordinated CMO Series 2020-RPL4 Class A1 | Subordinated CMO Series 2020-RPL4 Class A1 | Subordinated CMO Series 2020-RPL4 Class A1 |
| 01/25/2060 | &nbsp;&nbsp; 2.000% | 468072 | &nbsp;&nbsp; 424011 |
| CSMC Trust<sup>(a)</sup>  | CSMC Trust<sup>(a)</sup>  | CSMC Trust<sup>(a)</sup>  | CSMC Trust<sup>(a)</sup>  |
| CMO Series 2019-AFC1 Class A1 | CMO Series 2019-AFC1 Class A1 | CMO Series 2019-AFC1 Class A1 | CMO Series 2019-AFC1 Class A1 |
| 07/25/2049 | &nbsp;&nbsp; 3.573% | 274635 | &nbsp;&nbsp; 266688 |
| Ellington Financial Mortgage Trust<sup>(a),(d)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(d)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(d)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(d)</sup>  |
| CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 |
| 11/25/2059 | &nbsp;&nbsp; 3.046% | 49379 | &nbsp;&nbsp; 47745 |
| CMO Series 2020-1 Class A1 | CMO Series 2020-1 Class A1 | CMO Series 2020-1 Class A1 | CMO Series 2020-1 Class A1 |
| 05/25/2065 | &nbsp;&nbsp; 2.006% | 2533 | &nbsp;&nbsp; 2518 |
| CMO Series 2022-2 Class A1 | CMO Series 2022-2 Class A1 | CMO Series 2022-2 Class A1 | CMO Series 2022-2 Class A1 |
| 04/25/2067 | &nbsp;&nbsp; 4.299% | 4198305 | &nbsp;&nbsp; 4237675 |
| CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 |
| 01/25/2070 | &nbsp;&nbsp; 5.668% | 854064 | &nbsp;&nbsp; 862144 |
| FIGRE Trust<sup>(a),(g)</sup>  | FIGRE Trust<sup>(a),(g)</sup>  | FIGRE Trust<sup>(a),(g)</sup>  | FIGRE Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-FL1 Class A1 | CMO Series 2025-FL1 Class A1 | CMO Series 2025-FL1 Class A1 | CMO Series 2025-FL1 Class A1 |
| 07/25/2055 | &nbsp;&nbsp; 5.265% | 1283006 | &nbsp;&nbsp; 1285912 |
| FIGRE Trust<sup>(a),(d)</sup>  | FIGRE Trust<sup>(a),(d)</sup>  | FIGRE Trust<sup>(a),(d)</sup>  | FIGRE Trust<sup>(a),(d)</sup>  |
| CMO Series 2025-PF2 Class A | CMO Series 2025-PF2 Class A | CMO Series 2025-PF2 Class A | CMO Series 2025-PF2 Class A |
| 10/25/2055 | &nbsp;&nbsp; 5.017% | 1400000 | &nbsp;&nbsp; 1395281 |
| Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  |
| CMO Series 2021-DNA5 Class M2 | CMO Series 2021-DNA5 Class M2 | CMO Series 2021-DNA5 Class M2 | CMO Series 2021-DNA5 Class M2 |
| &nbsp;&nbsp; 30-day Average SOFR + 1.650% <br>01/25/2034<br>| &nbsp;&nbsp; 6.006% | 170356 | &nbsp;&nbsp; 171296 |
| CMO Series 2022-DNA3 Class M1B | CMO Series 2022-DNA3 Class M1B | CMO Series 2022-DNA3 Class M1B | CMO Series 2022-DNA3 Class M1B |
| &nbsp;&nbsp; 30-day Average SOFR + 2.900% <br>04/25/2042<br>| &nbsp;&nbsp; 7.256% | 1100000 | &nbsp;&nbsp; 1131326 |
| Subordinated CMO Series 2022-DNA6 Class M1A | Subordinated CMO Series 2022-DNA6 Class M1A | Subordinated CMO Series 2022-DNA6 Class M1A | Subordinated CMO Series 2022-DNA6 Class M1A |
| &nbsp;&nbsp; 30-day Average SOFR + 2.150% <br>09/25/2042<br>| &nbsp;&nbsp; 6.506% | 150880 | &nbsp;&nbsp; 151810 |
| Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  |
| CMO Series 2020-CS01 Class B1 | CMO Series 2020-CS01 Class B1 | CMO Series 2020-CS01 Class B1 | CMO Series 2020-CS01 Class B1 |
| &nbsp;&nbsp; 30-day Average SOFR + 0.114% <br>04/25/2033<br>| &nbsp;&nbsp; 4.454% | 1587400 | &nbsp;&nbsp; 1551094 |
| CMO Series 2022-DNA5 Class M1A | CMO Series 2022-DNA5 Class M1A | CMO Series 2022-DNA5 Class M1A | CMO Series 2022-DNA5 Class M1A |
| &nbsp;&nbsp; 30-day Average SOFR + 2.950% <br>06/25/2042<br>| &nbsp;&nbsp; 7.306% | 802582 | &nbsp;&nbsp; 818168 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Subordinated CMO Series 2021-DNA7 Class M1 | Subordinated CMO Series 2021-DNA7 Class M1 | Subordinated CMO Series 2021-DNA7 Class M1 | Subordinated CMO Series 2021-DNA7 Class M1 |
| &nbsp;&nbsp; 30-day Average SOFR + 0.850% <br>11/25/2041<br>| &nbsp;&nbsp; 5.206% | 843675 | &nbsp;&nbsp; 843240 |
| GCAT Trust<sup>(a),(d)</sup>  | GCAT Trust<sup>(a),(d)</sup>  | GCAT Trust<sup>(a),(d)</sup>  | GCAT Trust<sup>(a),(d)</sup>  |
| CMO Series 2019-RPL1 Class A1 | CMO Series 2019-RPL1 Class A1 | CMO Series 2019-RPL1 Class A1 | CMO Series 2019-RPL1 Class A1 |
| 10/25/2068 | &nbsp;&nbsp; 2.650% | 409395 | &nbsp;&nbsp; 398940 |
| CMO Series 2021-CM2 Class A1 | CMO Series 2021-CM2 Class A1 | CMO Series 2021-CM2 Class A1 | CMO Series 2021-CM2 Class A1 |
| 08/25/2066 | &nbsp;&nbsp; 2.352% | 1585754 | &nbsp;&nbsp; 1479799 |
| CMO Series 2022-NQM3 Class A1 | CMO Series 2022-NQM3 Class A1 | CMO Series 2022-NQM3 Class A1 | CMO Series 2022-NQM3 Class A1 |
| 04/25/2067 | &nbsp;&nbsp; 4.349% | 4335031 | &nbsp;&nbsp; 4380456 |
| CMO Series 2025-NQM5 Class A1 | CMO Series 2025-NQM5 Class A1 | CMO Series 2025-NQM5 Class A1 | CMO Series 2025-NQM5 Class A1 |
| 08/25/2070 | &nbsp;&nbsp; 5.029% | 3520000 | &nbsp;&nbsp; 3518269 |
| GCAT Trust<sup>(a),(g)</sup>  | GCAT Trust<sup>(a),(g)</sup>  | GCAT Trust<sup>(a),(g)</sup>  | GCAT Trust<sup>(a),(g)</sup>  |
| CMO Series 2023-NQM2 Class A1 | CMO Series 2023-NQM2 Class A1 | CMO Series 2023-NQM2 Class A1 | CMO Series 2023-NQM2 Class A1 |
| 11/25/2067 | &nbsp;&nbsp; 5.837% | 1215324 | &nbsp;&nbsp; 1213357 |
| GS Mortgage-Backed Securities Trust<sup>(a),(d)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(d)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(d)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(d)</sup>  |
| CMO Series 2020-NQM1 Class A1 | CMO Series 2020-NQM1 Class A1 | CMO Series 2020-NQM1 Class A1 | CMO Series 2020-NQM1 Class A1 |
| 09/27/2060 | &nbsp;&nbsp; 1.382% | 200966 | &nbsp;&nbsp; 191458 |
| GS Mortgage-Backed Securities Trust<sup>(a),(g)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(g)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(g)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 |
| 10/25/2065 | &nbsp;&nbsp; 5.003% | 2000000 | &nbsp;&nbsp; 1998825 |
| HOMES Trust<sup>(a),(g)</sup>  | HOMES Trust<sup>(a),(g)</sup>  | HOMES Trust<sup>(a),(g)</sup>  | HOMES Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-AFC2 Class AIA | CMO Series 2025-AFC2 Class AIA | CMO Series 2025-AFC2 Class AIA | CMO Series 2025-AFC2 Class AIA |
| 06/25/2060 | &nbsp;&nbsp; 5.471% | 1616743 | &nbsp;&nbsp; 1626827 |
| CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 |
| 08/25/2070 | &nbsp;&nbsp; 5.220% | 1591883 | &nbsp;&nbsp; 1600189 |
| Homeward Opportunities Fund I Trust<sup>(a),(d)</sup>  | Homeward Opportunities Fund I Trust<sup>(a),(d)</sup>  | Homeward Opportunities Fund I Trust<sup>(a),(d)</sup>  | Homeward Opportunities Fund I Trust<sup>(a),(d)</sup>  |
| CMO Series 2020-2 Class A3 | CMO Series 2020-2 Class A3 | CMO Series 2020-2 Class A3 | CMO Series 2020-2 Class A3 |
| 05/25/2065 | &nbsp;&nbsp; 3.196% | 302167 | &nbsp;&nbsp; 299319 |
| JPMorgan Mortgage Trust<sup>(a),(d)</sup>  | JPMorgan Mortgage Trust<sup>(a),(d)</sup>  | JPMorgan Mortgage Trust<sup>(a),(d)</sup>  | JPMorgan Mortgage Trust<sup>(a),(d)</sup>  |
| CMO Series 2025-VIS3 Class A1 | CMO Series 2025-VIS3 Class A1 | CMO Series 2025-VIS3 Class A1 | CMO Series 2025-VIS3 Class A1 |
| 02/25/2066 | &nbsp;&nbsp; 5.024% | 3300000 | &nbsp;&nbsp; 3302298 |
| Legacy Mortgage Asset Trust<sup>(a),(g)</sup>  | Legacy Mortgage Asset Trust<sup>(a),(g)</sup>  | Legacy Mortgage Asset Trust<sup>(a),(g)</sup>  | Legacy Mortgage Asset Trust<sup>(a),(g)</sup>  |
| CMO Series 2021-GS1 Class A1 | CMO Series 2021-GS1 Class A1 | CMO Series 2021-GS1 Class A1 | CMO Series 2021-GS1 Class A1 |
| 10/25/2066 | &nbsp;&nbsp; 5.892% | 919805 | &nbsp;&nbsp; 920164 |
| CMO Series 2021-GS2 Class A1 | CMO Series 2021-GS2 Class A1 | CMO Series 2021-GS2 Class A1 | CMO Series 2021-GS2 Class A1 |
| 04/25/2061 | &nbsp;&nbsp; 1.750% | 1636737 | &nbsp;&nbsp; 1635461 |
| LHOME Mortgage Trust<sup>(a),(g)</sup>  | LHOME Mortgage Trust<sup>(a),(g)</sup>  | LHOME Mortgage Trust<sup>(a),(g)</sup>  | LHOME Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2024-RTL1 Class A1 | CMO Series 2024-RTL1 Class A1 | CMO Series 2024-RTL1 Class A1 | CMO Series 2024-RTL1 Class A1 |
| 01/25/2029 | &nbsp;&nbsp; 7.017% | 700000 | &nbsp;&nbsp; 703874 |
| MetLife Securitization Trust<sup>(a),(d)</sup>  | MetLife Securitization Trust<sup>(a),(d)</sup>  | MetLife Securitization Trust<sup>(a),(d)</sup>  | MetLife Securitization Trust<sup>(a),(d)</sup>  |
| CMO Series 2018-1A Class A | CMO Series 2018-1A Class A | CMO Series 2018-1A Class A | CMO Series 2018-1A Class A |
| 03/25/2057 | &nbsp;&nbsp; 3.750% | 276229 | &nbsp;&nbsp; 269603 |
| MFA Trust<sup>(a),(d)</sup>  | MFA Trust<sup>(a),(d)</sup>  | MFA Trust<sup>(a),(d)</sup>  | MFA Trust<sup>(a),(d)</sup>  |
| CMO Series 2020-NQM3 Class M1 | CMO Series 2020-NQM3 Class M1 | CMO Series 2020-NQM3 Class M1 | CMO Series 2020-NQM3 Class M1 |
| 01/26/2065 | &nbsp;&nbsp; 2.654% | 475000 | &nbsp;&nbsp; 435832 |
| CMO Series 2021-NQM1 Class A1 | CMO Series 2021-NQM1 Class A1 | CMO Series 2021-NQM1 Class A1 | CMO Series 2021-NQM1 Class A1 |
| 04/25/2065 | &nbsp;&nbsp; 1.153% | 344248 | &nbsp;&nbsp; 324315 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| MFA Trust<sup>(a),(g)</sup>  | MFA Trust<sup>(a),(g)</sup>  | MFA Trust<sup>(a),(g)</sup>  | MFA Trust<sup>(a),(g)</sup>  |
| CMO Series 2022-NQM2 Class A1 | CMO Series 2022-NQM2 Class A1 | CMO Series 2022-NQM2 Class A1 | CMO Series 2022-NQM2 Class A1 |
| 05/25/2067 | &nbsp;&nbsp; 4.000% | 3990356 | &nbsp;&nbsp; 3979213 |
| CMO Series 2023-NQM4 Class A1 | CMO Series 2023-NQM4 Class A1 | CMO Series 2023-NQM4 Class A1 | CMO Series 2023-NQM4 Class A1 |
| 12/25/2068 | &nbsp;&nbsp; 6.105% | 316999 | &nbsp;&nbsp; 319761 |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 08/25/2070 | &nbsp;&nbsp; 5.261% | 1579346 | &nbsp;&nbsp; 1587948 |
| MFRA Trust<sup>(a),(d)</sup>  | MFRA Trust<sup>(a),(d)</sup>  | MFRA Trust<sup>(a),(d)</sup>  | MFRA Trust<sup>(a),(d)</sup>  |
| CMO Series 2021-INV1 Class A1 | CMO Series 2021-INV1 Class A1 | CMO Series 2021-INV1 Class A1 | CMO Series 2021-INV1 Class A1 |
| 01/25/2056 | &nbsp;&nbsp; 0.852% | 63009 | &nbsp;&nbsp; 61261 |
| CMO Series 2021-INV1 Class A2 | CMO Series 2021-INV1 Class A2 | CMO Series 2021-INV1 Class A2 | CMO Series 2021-INV1 Class A2 |
| 01/25/2056 | &nbsp;&nbsp; 1.057% | 11781 | &nbsp;&nbsp; 11459 |
| CMO Series 2021-INV1 Class A3 | CMO Series 2021-INV1 Class A3 | CMO Series 2021-INV1 Class A3 | CMO Series 2021-INV1 Class A3 |
| 01/25/2056 | &nbsp;&nbsp; 1.262% | 19697 | &nbsp;&nbsp; 19170 |
| Mill City Mortgage Loan Trust<sup>(a),(d)</sup>  | Mill City Mortgage Loan Trust<sup>(a),(d)</sup>  | Mill City Mortgage Loan Trust<sup>(a),(d)</sup>  | Mill City Mortgage Loan Trust<sup>(a),(d)</sup>  |
| CMO Series 2018-3 Class A1 | CMO Series 2018-3 Class A1 | CMO Series 2018-3 Class A1 | CMO Series 2018-3 Class A1 |
| 08/25/2058 | &nbsp;&nbsp; 3.482% | 327187 | &nbsp;&nbsp; 323411 |
| CMO Series 2021-NMR1 Class M1 | CMO Series 2021-NMR1 Class M1 | CMO Series 2021-NMR1 Class M1 | CMO Series 2021-NMR1 Class M1 |
| 11/25/2060 | &nbsp;&nbsp; 1.850% | 1150000 | &nbsp;&nbsp; 1050052 |
| Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(g)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(g)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(g)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 |
| 07/25/2070 | &nbsp;&nbsp; 5.443% | 1390399 | &nbsp;&nbsp; 1404303 |
| CMO Series 2025-NQM7 Class A1 | CMO Series 2025-NQM7 Class A1 | CMO Series 2025-NQM7 Class A1 | CMO Series 2025-NQM7 Class A1 |
| 09/25/2070 | &nbsp;&nbsp; 4.947% | 2600000 | &nbsp;&nbsp; 2594317 |
| New Residential Mortgage Loan Trust<sup>(a)</sup>  | New Residential Mortgage Loan Trust<sup>(a)</sup>  | New Residential Mortgage Loan Trust<sup>(a)</sup>  | New Residential Mortgage Loan Trust<sup>(a)</sup>  |
| CMO Series 2016-3A Class A1 | CMO Series 2016-3A Class A1 | CMO Series 2016-3A Class A1 | CMO Series 2016-3A Class A1 |
| 09/25/2056 | &nbsp;&nbsp; 3.750% | 99372 | &nbsp;&nbsp; 95141 |
| NRZ Excess Spread-Collateralized Notes<sup>(a)</sup>  | NRZ Excess Spread-Collateralized Notes<sup>(a)</sup>  | NRZ Excess Spread-Collateralized Notes<sup>(a)</sup>  | NRZ Excess Spread-Collateralized Notes<sup>(a)</sup>  |
| Series 2020-PLS1 Class A | Series 2020-PLS1 Class A | Series 2020-PLS1 Class A | Series 2020-PLS1 Class A |
| 12/25/2025 | &nbsp;&nbsp; 3.844% | 188142 | &nbsp;&nbsp; 187469 |
| NYMT Loan Trust<sup>(a),(g)</sup>  | NYMT Loan Trust<sup>(a),(g)</sup>  | NYMT Loan Trust<sup>(a),(g)</sup>  | NYMT Loan Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-INV2 Class A1 | CMO Series 2025-INV2 Class A1 | CMO Series 2025-INV2 Class A1 | CMO Series 2025-INV2 Class A1 |
| 10/25/2060 | &nbsp;&nbsp; 5.000% | 2166667 | &nbsp;&nbsp; 2165315 |
| OBX Trust<sup>(a),(d)</sup>  | OBX Trust<sup>(a),(d)</sup>  | OBX Trust<sup>(a),(d)</sup>  | OBX Trust<sup>(a),(d)</sup>  |
| CMO Series 2023-NQM1 Class A1 | CMO Series 2023-NQM1 Class A1 | CMO Series 2023-NQM1 Class A1 | CMO Series 2023-NQM1 Class A1 |
| 11/25/2062 | &nbsp;&nbsp; 6.120% | 652112 | &nbsp;&nbsp; 650976 |
| OBX Trust<sup>(a),(g)</sup>  | OBX Trust<sup>(a),(g)</sup>  | OBX Trust<sup>(a),(g)</sup>  | OBX Trust<sup>(a),(g)</sup>  |
| CMO Series 2023-NQM8 Class A1 | CMO Series 2023-NQM8 Class A1 | CMO Series 2023-NQM8 Class A1 | CMO Series 2023-NQM8 Class A1 |
| 09/25/2063 | &nbsp;&nbsp; 7.045% | 1091527 | &nbsp;&nbsp; 1107010 |
| CMO Series 2023-NQM8 Class A2 | CMO Series 2023-NQM8 Class A2 | CMO Series 2023-NQM8 Class A2 | CMO Series 2023-NQM8 Class A2 |
| 09/25/2063 | &nbsp;&nbsp; 7.248% | 898916 | &nbsp;&nbsp; 911952 |
| CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 |
| 05/25/2065 | &nbsp;&nbsp; 5.441% | 2644617 | &nbsp;&nbsp; 2668674 |
| Oceanview Mortgage Loan Trust<sup>(a)</sup>  | Oceanview Mortgage Loan Trust<sup>(a)</sup>  | Oceanview Mortgage Loan Trust<sup>(a)</sup>  | Oceanview Mortgage Loan Trust<sup>(a)</sup>  |
| CMO Series 2020-1 Class A1A | CMO Series 2020-1 Class A1A | CMO Series 2020-1 Class A1A | CMO Series 2020-1 Class A1A |
| 05/28/2050 | &nbsp;&nbsp; 1.733% | 141758 | &nbsp;&nbsp; 133951 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| PRKCM Trust<sup>(a),(d)</sup>  | PRKCM Trust<sup>(a),(d)</sup>  | PRKCM Trust<sup>(a),(d)</sup>  | PRKCM Trust<sup>(a),(d)</sup>  |
| CMO Series 2021-AFC2 Class A3 | CMO Series 2021-AFC2 Class A3 | CMO Series 2021-AFC2 Class A3 | CMO Series 2021-AFC2 Class A3 |
| 11/25/2056 | &nbsp;&nbsp; 2.893% | 2000000 | &nbsp;&nbsp; 1452636 |
| CMO Series 2021-AFC2 Class M1 | CMO Series 2021-AFC2 Class M1 | CMO Series 2021-AFC2 Class M1 | CMO Series 2021-AFC2 Class M1 |
| 11/25/2056 | &nbsp;&nbsp; 3.443% | 1475000 | &nbsp;&nbsp; 1096251 |
| Subordinated CMO Series 2021-AFC2 Class B1 | Subordinated CMO Series 2021-AFC2 Class B1 | Subordinated CMO Series 2021-AFC2 Class B1 | Subordinated CMO Series 2021-AFC2 Class B1 |
| 11/25/2056 | &nbsp;&nbsp; 3.701% | 1300000 | &nbsp;&nbsp; 927751 |
| PRPM LLC<sup>(a),(g)</sup>  | PRPM LLC<sup>(a),(g)</sup>  | PRPM LLC<sup>(a),(g)</sup>  | PRPM LLC<sup>(a),(g)</sup>  |
| CMO Series 2024-RCF2 Class A1 | CMO Series 2024-RCF2 Class A1 | CMO Series 2024-RCF2 Class A1 | CMO Series 2024-RCF2 Class A1 |
| 03/25/2054 | &nbsp;&nbsp; 3.750% | 710375 | &nbsp;&nbsp; 696058 |
| CMO Series 2025-RCF4 Class A2 | CMO Series 2025-RCF4 Class A2 | CMO Series 2025-RCF4 Class A2 | CMO Series 2025-RCF4 Class A2 |
| 08/25/2055 | &nbsp;&nbsp; 4.500% | 685000 | &nbsp;&nbsp; 663363 |
| PRPM Trust<sup>(a),(g)</sup>  | PRPM Trust<sup>(a),(g)</sup>  | PRPM Trust<sup>(a),(g)</sup>  | PRPM Trust<sup>(a),(g)</sup>  |
| CMO Series 2023-NQM3 Class A1 | CMO Series 2023-NQM3 Class A1 | CMO Series 2023-NQM3 Class A1 | CMO Series 2023-NQM3 Class A1 |
| 11/25/2068 | &nbsp;&nbsp; 6.221% | 139811 | &nbsp;&nbsp; 141289 |
| CMO Series 2024-NQM1 Class A1 | CMO Series 2024-NQM1 Class A1 | CMO Series 2024-NQM1 Class A1 | CMO Series 2024-NQM1 Class A1 |
| 12/25/2068 | &nbsp;&nbsp; 6.265% | 462285 | &nbsp;&nbsp; 468084 |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 05/25/2070 | &nbsp;&nbsp; 5.606% | 2646865 | &nbsp;&nbsp; 2671334 |
| Radnor Re Ltd.<sup>(a),(b)</sup>  | Radnor Re Ltd.<sup>(a),(b)</sup>  | Radnor Re Ltd.<sup>(a),(b)</sup>  | Radnor Re Ltd.<sup>(a),(b)</sup>  |
| Subordinated CMO Series 2021-2 Class M1B | Subordinated CMO Series 2021-2 Class M1B | Subordinated CMO Series 2021-2 Class M1B | Subordinated CMO Series 2021-2 Class M1B |
| &nbsp;&nbsp; 30-day Average SOFR + 3.700% <br>Floor 3.700% <br>11/25/2031<br>| &nbsp;&nbsp; 7.858% | 280180 | &nbsp;&nbsp; 282603 |
| Residential Mortgage Loan Trust<sup>(a),(d)</sup>  | Residential Mortgage Loan Trust<sup>(a),(d)</sup>  | Residential Mortgage Loan Trust<sup>(a),(d)</sup>  | Residential Mortgage Loan Trust<sup>(a),(d)</sup>  |
| CMO Series 2020-1 Class A3 | CMO Series 2020-1 Class A3 | CMO Series 2020-1 Class A3 | CMO Series 2020-1 Class A3 |
| 01/26/2060 | &nbsp;&nbsp; 2.684% | 15776 | &nbsp;&nbsp; 15634 |
| Starwood Mortgage Residential Trust<sup>(a),(d)</sup>  | Starwood Mortgage Residential Trust<sup>(a),(d)</sup>  | Starwood Mortgage Residential Trust<sup>(a),(d)</sup>  | Starwood Mortgage Residential Trust<sup>(a),(d)</sup>  |
| CMO Series 2019-INV1 Class A3 | CMO Series 2019-INV1 Class A3 | CMO Series 2019-INV1 Class A3 | CMO Series 2019-INV1 Class A3 |
| 09/27/2049 | &nbsp;&nbsp; 2.916% | 126352 | &nbsp;&nbsp; 125012 |
| CMO Series 2020-INV1 Class A3 | CMO Series 2020-INV1 Class A3 | CMO Series 2020-INV1 Class A3 | CMO Series 2020-INV1 Class A3 |
| 11/25/2055 | &nbsp;&nbsp; 1.593% | 56613 | &nbsp;&nbsp; 54508 |
| CMO Series 2021-4 Class M1 | CMO Series 2021-4 Class M1 | CMO Series 2021-4 Class M1 | CMO Series 2021-4 Class M1 |
| 08/25/2056 | &nbsp;&nbsp; 2.400% | 525000 | &nbsp;&nbsp; 403683 |
| Towd Point Mortgage Trust<sup>(a),(d)</sup>  | Towd Point Mortgage Trust<sup>(a),(d)</sup>  | Towd Point Mortgage Trust<sup>(a),(d)</sup>  | Towd Point Mortgage Trust<sup>(a),(d)</sup>  |
| CMO Series 2018-1 Class A1 | CMO Series 2018-1 Class A1 | CMO Series 2018-1 Class A1 | CMO Series 2018-1 Class A1 |
| 01/25/2058 | &nbsp;&nbsp; 3.000% | 35154 | &nbsp;&nbsp; 34835 |
| CMO Series 2018-6 Class A1A | CMO Series 2018-6 Class A1A | CMO Series 2018-6 Class A1A | CMO Series 2018-6 Class A1A |
| 03/25/2058 | &nbsp;&nbsp; 3.750% | 142423 | &nbsp;&nbsp; 141439 |
| Towd Point Mortgage Trust<sup>(a),(b)</sup>  | Towd Point Mortgage Trust<sup>(a),(b)</sup>  | Towd Point Mortgage Trust<sup>(a),(b)</sup>  | Towd Point Mortgage Trust<sup>(a),(b)</sup>  |
| CMO Series 2019-HY1 Class A1 | CMO Series 2019-HY1 Class A1 | CMO Series 2019-HY1 Class A1 | CMO Series 2019-HY1 Class A1 |
| &nbsp;&nbsp; 1-month Term SOFR + 1.114% <br>10/25/2048<br>| &nbsp;&nbsp; 5.272% | 200996 | &nbsp;&nbsp; 201208 |
| CMO Series 2019-HY2 Class A1 | CMO Series 2019-HY2 Class A1 | CMO Series 2019-HY2 Class A1 | CMO Series 2019-HY2 Class A1 |
| &nbsp;&nbsp; 1-month Term SOFR + 1.114% <br>05/25/2058<br>| &nbsp;&nbsp; 5.272% | 265089 | &nbsp;&nbsp; 272459 |
| Vericrest Opportunity Loan Transferee<sup>(a),(g)</sup>  | Vericrest Opportunity Loan Transferee<sup>(a),(g)</sup>  | Vericrest Opportunity Loan Transferee<sup>(a),(g)</sup>  | Vericrest Opportunity Loan Transferee<sup>(a),(g)</sup>  |
| CMO Series 2021-NP11 Class A1 | CMO Series 2021-NP11 Class A1 | CMO Series 2021-NP11 Class A1 | CMO Series 2021-NP11 Class A1 |
| 08/25/2051 | &nbsp;&nbsp; 5.868% | 495612 | &nbsp;&nbsp; 495473 |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Vericrest Opportunity Loan Transferee XCVII LLC<sup>(a),(g)</sup>  | Vericrest Opportunity Loan Transferee XCVII LLC<sup>(a),(g)</sup>  | Vericrest Opportunity Loan Transferee XCVII LLC<sup>(a),(g)</sup>  | Vericrest Opportunity Loan Transferee XCVII LLC<sup>(a),(g)</sup>  |
| CMO Series 2021-NPL6 Class A1 | CMO Series 2021-NPL6 Class A1 | CMO Series 2021-NPL6 Class A1 | CMO Series 2021-NPL6 Class A1 |
| 04/25/2051 | &nbsp;&nbsp; 5.240% | 180457 | &nbsp;&nbsp; 180427 |
| Vericrest Opportunity Loan Trust CI LLC<sup>(a),(g)</sup>  | Vericrest Opportunity Loan Trust CI LLC<sup>(a),(g)</sup>  | Vericrest Opportunity Loan Trust CI LLC<sup>(a),(g)</sup>  | Vericrest Opportunity Loan Trust CI LLC<sup>(a),(g)</sup>  |
| CMO Series 2021-NP10 Class A1 | CMO Series 2021-NP10 Class A1 | CMO Series 2021-NP10 Class A1 | CMO Series 2021-NP10 Class A1 |
| 05/25/2051 | &nbsp;&nbsp; 5.992% | 168536 | &nbsp;&nbsp; 168503 |
| Verus Securitization Trust<sup>(a),(d)</sup>  | Verus Securitization Trust<sup>(a),(d)</sup>  | Verus Securitization Trust<sup>(a),(d)</sup>  | Verus Securitization Trust<sup>(a),(d)</sup>  |
| CMO Series 2021-R1 Class A2 | CMO Series 2021-R1 Class A2 | CMO Series 2021-R1 Class A2 | CMO Series 2021-R1 Class A2 |
| 10/25/2063 | &nbsp;&nbsp; 1.057% | 62631 | &nbsp;&nbsp; 60818 |
| CMO Series 2021-R1 Class A3 | CMO Series 2021-R1 Class A3 | CMO Series 2021-R1 Class A3 | CMO Series 2021-R1 Class A3 |
| 10/25/2063 | &nbsp;&nbsp; 1.262% | 79333 | &nbsp;&nbsp; 77090 |
| Verus Securitization Trust<sup>(a),(g)</sup>  | Verus Securitization Trust<sup>(a),(g)</sup>  | Verus Securitization Trust<sup>(a),(g)</sup>  | Verus Securitization Trust<sup>(a),(g)</sup>  |
| CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 |
| 01/25/2067 | &nbsp;&nbsp; 2.724% | 2732649 | &nbsp;&nbsp; 2587272 |
| CMO Series 2023-1 Class A1 | CMO Series 2023-1 Class A1 | CMO Series 2023-1 Class A1 | CMO Series 2023-1 Class A1 |
| 12/25/2067 | &nbsp;&nbsp; 5.850% | 960580 | &nbsp;&nbsp; 959264 |
| CMO Series 2023-6 Class A2 | CMO Series 2023-6 Class A2 | CMO Series 2023-6 Class A2 | CMO Series 2023-6 Class A2 |
| 09/25/2068 | &nbsp;&nbsp; 6.939% | 413610 | &nbsp;&nbsp; 418692 |
| CMO Series 2023-8 Class A1 | CMO Series 2023-8 Class A1 | CMO Series 2023-8 Class A1 | CMO Series 2023-8 Class A1 |
| 12/25/2068 | &nbsp;&nbsp; 6.259% | 337212 | &nbsp;&nbsp; 341494 |
| CMO Series 2023-INV1 Class A1 | CMO Series 2023-INV1 Class A1 | CMO Series 2023-INV1 Class A1 | CMO Series 2023-INV1 Class A1 |
| 02/25/2068 | &nbsp;&nbsp; 5.999% | 2093830 | &nbsp;&nbsp; 2093496 |
| CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 |
| 01/25/2069 | &nbsp;&nbsp; 5.712% | 1593904 | &nbsp;&nbsp; 1605785 |
| CMO Series 2024-3 Class A1 | CMO Series 2024-3 Class A1 | CMO Series 2024-3 Class A1 | CMO Series 2024-3 Class A1 |
| 04/25/2069 | &nbsp;&nbsp; 6.338% | 1267855 | &nbsp;&nbsp; 1286690 |
| CMO Series 2024-INV1 Class A1 | CMO Series 2024-INV1 Class A1 | CMO Series 2024-INV1 Class A1 | CMO Series 2024-INV1 Class A1 |
| 03/25/2069 | &nbsp;&nbsp; 6.116% | 1059163 | &nbsp;&nbsp; 1072746 |
| CMO Series 2025-7 Class A1 | CMO Series 2025-7 Class A1 | CMO Series 2025-7 Class A1 | CMO Series 2025-7 Class A1 |
| 08/25/2070 | &nbsp;&nbsp; 5.129% | 3452159 | &nbsp;&nbsp; 3456963 |
| Visio Trust<sup>(a),(d)</sup>  | Visio Trust<sup>(a),(d)</sup>  | Visio Trust<sup>(a),(d)</sup>  | Visio Trust<sup>(a),(d)</sup>  |
| CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 |
| 11/25/2054 | &nbsp;&nbsp; 3.076% | 38504 | &nbsp;&nbsp; 38015 |
| Visio Trust<sup>(a)</sup>  | Visio Trust<sup>(a)</sup>  | Visio Trust<sup>(a)</sup>  | Visio Trust<sup>(a)</sup>  |
| CMO Series 2020-1R Class A2 | CMO Series 2020-1R Class A2 | CMO Series 2020-1R Class A2 | CMO Series 2020-1R Class A2 |
| 11/25/2055 | &nbsp;&nbsp; 1.567% | 59350 | &nbsp;&nbsp; 57139 |
| CMO Series 2020-1R Class A3 | CMO Series 2020-1R Class A3 | CMO Series 2020-1R Class A3 | CMO Series 2020-1R Class A3 |
| 11/25/2055 | &nbsp;&nbsp; 1.873% | 69241 | &nbsp;&nbsp; 66787 |
| Vista Point Securitization Trust<sup>(a),(d)</sup>  | Vista Point Securitization Trust<sup>(a),(d)</sup>  | Vista Point Securitization Trust<sup>(a),(d)</sup>  | Vista Point Securitization Trust<sup>(a),(d)</sup>  |
| CMO Series 2025-CES2 Class A1 | CMO Series 2025-CES2 Class A1 | CMO Series 2025-CES2 Class A1 | CMO Series 2025-CES2 Class A1 |
| 08/25/2055 | &nbsp;&nbsp; 5.601% | 2021013 | &nbsp;&nbsp; 2023251 |
| Vista Point Securitization Trust<sup>(a),(g)</sup>  | Vista Point Securitization Trust<sup>(a),(g)</sup>  | Vista Point Securitization Trust<sup>(a),(g)</sup>  | Vista Point Securitization Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-CES2 Class A3 | CMO Series 2025-CES2 Class A3 | CMO Series 2025-CES2 Class A3 | CMO Series 2025-CES2 Class A3 |
| 08/25/2055 | &nbsp;&nbsp; 6.117% | 1450000 | &nbsp;&nbsp; 1457449 |
| &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $128,313,730) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $128,313,730) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $128,313,730) | &nbsp;&nbsp; **126260024** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans 0.0%** | **Senior Loans 0.0%** | **Senior Loans 0.0%** | **Senior Loans 0.0%** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Airlines 0.0%** | **Airlines 0.0%** | **Airlines 0.0%** | **Airlines 0.0%** |
| AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(l)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(l)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(l)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(l)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>05/28/2032<br>| &nbsp;&nbsp; 7.575% | 8977 | &nbsp;&nbsp; 9011 |
| **Property & Casualty 0.0%** | **Property & Casualty 0.0%** | **Property & Casualty 0.0%** | **Property & Casualty 0.0%** |
| Truist Insurance Holdings LLC<sup>(b),(l)</sup>  | Truist Insurance Holdings LLC<sup>(b),(l)</sup>  | Truist Insurance Holdings LLC<sup>(b),(l)</sup>  | Truist Insurance Holdings LLC<sup>(b),(l)</sup>  |
| 2nd Lien Term Loan | 2nd Lien Term Loan | 2nd Lien Term Loan | 2nd Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.750% <br>05/06/2032<br>| &nbsp;&nbsp; 8.752% | 13036 | &nbsp;&nbsp; 13260 |
| **Retailers 0.0%** | **Retailers 0.0%** | **Retailers 0.0%** | **Retailers 0.0%** |
| Hanesbrands, Inc.<sup>(b),(l)</sup>  | Hanesbrands, Inc.<sup>(b),(l)</sup>  | Hanesbrands, Inc.<sup>(b),(l)</sup>  | Hanesbrands, Inc.<sup>(b),(l)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>03/07/2032<br>| &nbsp;&nbsp; 6.913% | 6418 | &nbsp;&nbsp; 6434 |
| **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** |
| Ascend Learning LLC<sup>(b),(l)</sup>  | Ascend Learning LLC<sup>(b),(l)</sup>  | Ascend Learning LLC<sup>(b),(l)</sup>  | Ascend Learning LLC<sup>(b),(l)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>Floor 0.500% <br>12/11/2028<br>| &nbsp;&nbsp; 7.163% | 52301 | &nbsp;&nbsp; 52225 |
| DCert Buyer, Inc.<sup>(b),(l)</sup>  | DCert Buyer, Inc.<sup>(b),(l)</sup>  | DCert Buyer, Inc.<sup>(b),(l)</sup>  | DCert Buyer, Inc.<sup>(b),(l)</sup>  |
| 2nd Lien Term Loan | 2nd Lien Term Loan | 2nd Lien Term Loan | 2nd Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 7.000% <br>02/19/2029<br>| &nbsp;&nbsp; 11.163% | 12000 | &nbsp;&nbsp; 10890 |
| Ellucian Holdings, Inc.<sup>(b),(l)</sup>  | Ellucian Holdings, Inc.<sup>(b),(l)</sup>  | Ellucian Holdings, Inc.<sup>(b),(l)</sup>  | Ellucian Holdings, Inc.<sup>(b),(l)</sup>  |
| 2nd Lien Term Loan | 2nd Lien Term Loan | 2nd Lien Term Loan | 2nd Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 4.750% <br>11/22/2032<br>| &nbsp;&nbsp; 8.913% | 20000 | &nbsp;&nbsp; 20417 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **83532** |
| &nbsp;&nbsp; Total Senior Loans <br>(Cost $112,387) | &nbsp;&nbsp; Total Senior Loans <br>(Cost $112,387) | &nbsp;&nbsp; Total Senior Loans <br>(Cost $112,387) | &nbsp;&nbsp; **112237** |
| **U.S. Treasury Obligations 0.3%** | **U.S. Treasury Obligations 0.3%** | **U.S. Treasury Obligations 0.3%** | **U.S. Treasury Obligations 0.3%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| U.S. Treasury<sup>(k)</sup>  | U.S. Treasury<sup>(k)</sup>  | U.S. Treasury<sup>(k)</sup>  | U.S. Treasury<sup>(k)</sup>  |
| 05/15/2047 | &nbsp;&nbsp; 3.000% | 7550000 | &nbsp;&nbsp; 5747438 |
| &nbsp;&nbsp; Total U.S. Treasury Obligations <br>(Cost $5,993,229) | &nbsp;&nbsp; Total U.S. Treasury Obligations <br>(Cost $5,993,229) | &nbsp;&nbsp; Total U.S. Treasury Obligations <br>(Cost $5,993,229) | &nbsp;&nbsp; **5747438** |

---

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Money Market Funds 3.5%** | **Money Market Funds 3.5%** | **Money Market Funds 3.5%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 4.265%<sup>(m),(n)</sup> <br>| &nbsp;&nbsp; 58661793 | &nbsp;&nbsp; 58644194 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $58,645,994) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $58,645,994) | &nbsp;&nbsp; **58644194** |
| **Total Investments in Securities** <br>**(Cost: $1,332,316,083)** | **Total Investments in Securities** <br>**(Cost: $1,332,316,083)** | &nbsp;&nbsp; **1723116366** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(49433355)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **1673683011** |

---

At September 30, 2025, securities and/or cash totaling $4,065,898 were pledged as collateral.

**Investments in derivatives** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| U.S. Long Bond | 39 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 4547156 | &nbsp;&nbsp;&nbsp;&nbsp; 113877 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Long Bond | 208 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 24251500 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (49581)<br>|
| U.S. Treasury 10-Year Note | 581 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 65362500 | &nbsp;&nbsp;&nbsp;&nbsp; 189537 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 10-Year Note | 45 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 5062500 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (43668)<br>|
| U.S. Treasury 5-Year Note | 497 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 54270071 | &nbsp;&nbsp;&nbsp;&nbsp; 3861 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra Bond | 72 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 8644500 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (96146)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 307275 | &nbsp;&nbsp;&nbsp;&nbsp; (189395)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| U.S. Treasury 2-Year Note | (198) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (41262891)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8905 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents privately placed and other securities and instruments exempt from Securities
 and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only
 to qualified institutional buyers. At September 30, 2025, the total value of these securities amounted to $265,750,844, which represents 15.88% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable rate security. The interest rate shown was the current rate as of September
 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Represents a security purchased on a when-issued basis.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Variable or floating rate security, the interest rate of which adjusts periodically
 based on changes in current interest rates and prepayments on the underlying pool
 of assets. The interest rate shown was the current rate as of September 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Non-income producing investment.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Payment-in-kind security. Interest can be paid by issuing additional par of the security
 or in cash.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Represents a variable rate security with a step coupon where the rate adjusts according
 to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the
 current rate as of September 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Perpetual security with no specified maturity date.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Principal and interest may not be guaranteed by a governmental entity.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Represents interest only securities which have the right to receive the monthly interest
 payments on an underlying pool of mortgage loans.

&nbsp;&nbsp;&nbsp;&nbsp;(k) This security or a portion of this security has been pledged as collateral in connection
 with investments sold short and/or derivative contracts.

&nbsp;&nbsp;&nbsp;&nbsp;(l) The stated interest rate represents the weighted average interest rate at September
 30, 2025 of contracts within the senior loan facility. Interest rates on contracts
 are primarily determined either weekly, monthly or quarterly by reference to the indicated
 base lending rate and spread and the reset period. Base lending rates may be subject to a floor or minimum rate. The interest rate for senior loans purchased on
 a when-issued or delayed delivery basis will be determined upon settlement, therefore no interest rate is disclosed. Senior loans often require prepayments from
 excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay cannot be predicted with accuracy. As a result, remaining maturities
 of senior loans may be less than the stated maturities. Generally, the Fund is contractually obligated to receive approval from the agent bank and/or borrower
 prior to the disposition of a senior loan.

&nbsp;&nbsp;&nbsp;&nbsp;(m) The rate shown is the seven-day current annualized yield at September 30, 2025.

Columbia Variable Portfolio – Balanced Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Balanced Fund, September 30, 2025 (Unaudited)

**Notes to Portfolio of Investments (continued)**

&nbsp;&nbsp;&nbsp;&nbsp;(n) Under the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company's outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the
 holdings and transactions in these affiliated companies during the period ended September 30, 2025 are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated issuers** | **Beginning** <br>**of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br>**unrealized** <br>**appreciation** <br>**(depreciation)($)**<br>| **End of** <br>**period($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends($)** | **End of** <br>**period shares**<br>|
| Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% |
|  | 125724450 | &nbsp;&nbsp; 275172207 | &nbsp;&nbsp; (342248885)<br>| &nbsp;&nbsp; (3578)<br>| &nbsp;&nbsp; 58644194 | &nbsp;&nbsp; (9963)<br>| &nbsp;&nbsp; 3521039 | &nbsp;&nbsp; 58661793 |

---

**Abbreviation Legend** 

CMO Collateralized Mortgage Obligation <br> SOFR Secured Overnight Financing Rate <br> TBA To Be Announced

**Currency Legend** 

USD US Dollar

Investments are valued using policies described in the Notes to Financial Statements included within the most recent financial statements and additional information.

Columbia Variable Portfolio – Balanced Fund \| 2025

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

You may at any time request, free of charge, to receive a paper copy of this report by calling 800.345.6611.

3QT7000_12_D01_(11/25)

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Columbia Funds Variable Series Trust II

- **b. Investment Company Act file number:** 811-22127

- **c. CIK number of Registrant:** 0001413032

- **d. LEI of Registrant:** 54930017CSZ4UCL7G406

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

  - **Street Address 1:** 290 Congress Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 800-345-6611

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

- **a. Name of Series:** Columbia Variable Portfolio - Balanced Fund

- **b. EDGAR series identifier (if any):** S000019838

- **c. LEI of Series:** BP7VEYBDB8571LB64036

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1745237161.36

**Total Liabilities:** $70118906.94

**Net Assets:** $1675118254.42

**Delayed Delivery Securities:** $69583515.62

**Cash Not Reported:** $1734.87

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 27589.632200000000 | **1-Year:** 4800.888000000000 | **5-Year:** 24149.735300000000 | **10-Year:** 21772.490900000000 | **30-Year:** 100584.997700000000

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

- **3-Month:** 8.551300000000 | **1-Year:** 1547.736000000000 | **5-Year:** 14058.600600000000 | **10-Year:** 14154.025600000000 | **30-Year:** 45919.687700000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000055675 | 2.05%                | 1.13%                | 2.16%                |
| Class ID C000143976 | 2.06%                | 1.15%                | 2.17%                |
| Class ID C000143977 | 2.02%                | 1.13%                | 2.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2502775.70              | $29183664.81                               |
| Month 2  | $12501394.30             | $2640841.46                                |
| Month 3  | $11693888.74             | $21338019.61                               |

**Designated Index Information**

- **Index Name:** 60% SNP500 / 40% LEH_AGG Index

- **Index Identifier:** SNPLEHAGU

### Schedule of Portfolio Investments

| Name                                                        | Title                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GCAT LLC GCAT_21-CM2                                        | GCAT_21-CM2                            | CUSIP: 36167AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1585754 | PA      | $1479799.34   | 0.09%             | 2066-08-25      | Variable      | 2.35%                 | No            |                  2 | On Loan: No      |
| ANGELO GORDON MORTGAGE TRUST GCAT_19-RPL1                   | GCAT_19-RPL1                           | CUSIP: 36167CAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    409395 | PA      | $398940.15    | 0.02%             | 2068-10-25      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| GCAT TRUST GCAT_22-NQM3                                     | GCAT_22-NQM3                           | CUSIP: 36168MAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4335031 | PA      | $4380455.64   | 0.26%             | 2067-04-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                       | GFL ENVIRONMENTAL INC                  | CUSIP: 36168QAQ7<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |     49000 | PA      | $51291.81     | 0.00%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GCAT TRUST GCAT_23-NQM2                                     | GCAT_23-NQM2                           | CUSIP: 36169DAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1215324 | PA      | $1213356.71   | 0.07%             | 2067-11-25      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LIMITED                                        | GGAM FINANCE LTD                       | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     12000 | PA      | $12285.00     | 0.00%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LIMITED                                        | GGAM FINANCE LTD                       | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     37000 | PA      | $38414.18     | 0.00%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LIMITED                                        | GGAM FINANCE LTD                       | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     52000 | PA      | $52818.41     | 0.00%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GMF FLOORPLAN OWNER REVOLVING TRUST GFORT_24-1              | GFORT_24-1A                            | CUSIP: 361886DA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2675000 | PA      | $2716599.19   | 0.16%             | 2029-03-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATI                            | GSMS_17-485L                           | CUSIP: 36252CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    625000 | PA      | $608799.38    | 0.04%             | 2037-02-10      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE_BACKED SECURITIES GSMBS_20-NQM1                 | GSMBS_20-NQM1                          | CUSIP: 36259WAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    200966 | PA      | $191458.13    | 0.01%             | 2060-09-27      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST GSMS_21-IP                     | GSMS_21-IP                             | CUSIP: 36262MAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    825000 | PA      | $820915.01    | 0.05%             | 2036-10-15      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECHNOLOGIES INC                              | GE HEALTHCARE TECHNOLOGIES INC         | CUSIP: 36267VAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2160000 | PA      | $2226721.48   | 0.13%             | 2027-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                                    | GTCR W-2 MERGER SUB LLC                | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |     52000 | PA      | $55175.45     | 0.00%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST GSMS_23-SHIP       | GSMS_23-SHIP                           | CUSIP: 36270GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1125000 | PA      | $1122615.16   | 0.07%             | 2038-09-10      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST GSMBS_25-NQM4           | GSMBS_25-NQM4                          | CUSIP: 36272UAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1998825.40   | 0.12%             | 2065-10-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GATES CORP                                                  | GATES CORPORATION                      | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10374.84     | 0.00%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GE VERNOVA INC                                              | GE Vernova Inc                         | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      8773 | NS      | $5394517.70   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| GCAT TRUST GCAT_25-NQM5                                     | GCAT_25-NQM5                           | CUSIP: 36831KAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   3520000 | PA      | $3518269.22   | 0.21%             | 2070-08-25      | Variable      | 5.03%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                         | General Electric Co                    | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     19431 | NS      | $5845233.42   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS INC                                           | GENERAL MILLS INC                      | CUSIP: 370334CX0<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |    435000 | PA      | $438385.80    | 0.03%             | 2027-01-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC.                                      | GENESEE & WYOMING INC                  | CUSIP: 371559AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $61026.73     | 0.00%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                         | GILEAD SCIENCES INC                    | CUSIP: 375558BF9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   5690000 | PA      | $5681798.70   | 0.34%             | 2026-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-126        | GNMA_24-126                            | CUSIP: 38384UXN4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   7215308 | PA      | $896245.82    | 0.05%             | 2054-08-20      | Variable      | 2.26%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-184        | GNMA_24-184                            | CUSIP: 38384XH97<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   9821064 | PA      | $641756.47    | 0.04%             | 2054-11-20      | Variable      | 0.86%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-159        | GNMA_24-159                            | CUSIP: 38384YAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  15763021 | PA      | $1174712.35   | 0.07%             | 2054-10-20      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-197        | GNMA_24-197                            | CUSIP: 38385BDH0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   8388513 | PA      | $794924.02    | 0.05%             | 2054-12-20      | Variable      | 1.61%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-197        | GNMA_24-197                            | CUSIP: 38385BEL0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  10032099 | PA      | $1171397.00   | 0.07%             | 2054-12-20      | Variable      | 1.66%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-197        | GNMA_24-197                            | CUSIP: 38385BEV8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  10517406 | PA      | $946244.70    | 0.06%             | 2054-12-20      | Variable      | 1.61%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-196        | GNMA_24-196                            | CUSIP: 38385BPB0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2952712 | PA      | $273160.13    | 0.02%             | 2054-12-20      | Variable      | 1.71%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-204        | GNMA_24-204                            | CUSIP: 38385BSH4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   7882471 | PA      | $926671.94    | 0.06%             | 2054-12-20      | Variable      | 1.66%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_25-39         | GNMA_25-39                             | CUSIP: 38385EZR8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2484596 | PA      | $2557350.53   | 0.15%             | 2055-03-20      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                              | GRAY MEDIA INC                         | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9189.99      | 0.00%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                              | GRAY MEDIA INC                         | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     16000 | PA      | $15870.67     | 0.00%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GREENSKY HOME IMPROVEMENT ISSUER TRUST GSKY_25-2            | GSKY_25-2A                             | CUSIP: 39571VAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3195691 | PA      | $3212519.51   | 0.19%             | 2060-06-25      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                  | GRIFOLS ESCROW ISSUER SAU              | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |     85000 | PA      | $82534.59     | 0.00%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTO INC                                            | GROUP 1 AUTOMOTIVE INC                 | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20464.41     | 0.00%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| 1011778 BC UNLIMITED LIABILITY CO                           | 1011778 BC ULC/NEW RED FINANCE INC     | CUSIP: 68245XAM1<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |     55000 | PA      | $51840.53     | 0.00%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 1011778 BC UNLIMITED LIABILITY CO                           | 1011778 BC UNLIMITED LIABILITY CO      | CUSIP: 68245XAT6<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |     31000 | PA      | $31427.10     | 0.00%             | 2029-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ONE NEW YORK PLAZA TRUST ONYP_20-1NYP                       | ONYP_20-1NYP                           | CUSIP: 68249DAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1077751.95   | 0.06%             | 2036-01-15      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| ONE NEW YORK PLAZA TRUST ONYP_20-1NYP                       | ONYP_20-1NYP                           | CUSIP: 68249DAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    425000 | PA      | $414134.71    | 0.02%             | 2036-01-15      | Variable      | 7.01%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                        | ONEMAIN FINANCE CORP                   | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18567.37     | 0.00%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                        | ONEMAIN FINANCE CORP                   | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     31000 | PA      | $32791.22     | 0.00%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                        | ONEMAIN FINANCE CORP                   | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     57000 | PA      | $59635.20     | 0.00%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                        | ONEMAIN FINANCE CORP                   | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15570.25     | 0.00%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                        | ONEMAIN FINANCE CORP                   | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     69000 | PA      | $71009.83     | 0.00%             | 2029-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                        | ONEMAIN FINANCE CORP                   | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     52000 | PA      | $52843.25     | 0.00%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                        | ONEMAIN FINANCE CORP                   | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     58000 | PA      | $58090.45     | 0.00%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCIAL ISSUANCE TRUST OMFIT_23-2                 | OMFIT_23-2A                            | CUSIP: 68269HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3625000 | PA      | $3706246.04   | 0.22%             | 2036-09-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                              | 1261229 B.C. LTD.                      | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     95000 | PA      | $97560.33     | 0.01%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-5                    | PAID_24-5                              | CUSIP: 69544LAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    334099 | PA      | $336654.21    | 0.02%             | 2031-10-15      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST PAID_25-R2                     | PAID_25-R2                             | CUSIP: 69544VAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2291718 | PA      | $2298786.99   | 0.14%             | 2032-10-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST PAID_24-7                      | PAID_24-7                              | CUSIP: 69545AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1467721 | PA      | $1484030.47   | 0.09%             | 2031-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST PAID_24-7                      | PAIDGT_24-7                            | CUSIP: 69545AAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1665486 | PA      | $1687983.45   | 0.10%             | 2031-12-15      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_21-HG1                  | PAID_21-HG1                            | CUSIP: 69547PAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4106 | PA      | $4100.69      | 0.00%             | 2029-01-16      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-3                    | PAID_24-3                              | CUSIP: 69547XAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1148148 | PA      | $1154140.90   | 0.07%             | 2031-10-15      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-1                    | PAID_24-1                              | CUSIP: 69548AAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    166060 | PA      | $167628.45    | 0.01%             | 2031-07-15      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-6                    | PAID_24-6                              | CUSIP: 69548KAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    321468 | PA      | $323251.15    | 0.02%             | 2031-11-15      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT TRUST PAID_25-5                              | PAID_25-5                              | CUSIP: 69548WAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2016128.00   | 0.12%             | 2033-03-15      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST PAID_25-6                      | PAIDGT_25-6                            | CUSIP: 69549BAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | JE        |   1650000 | PA      | $1647629.61   | 0.10%             | 2033-04-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PALO ALTO NETWORKS INC                                      | Palo Alto Networks Inc                 | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     22567 | NS      | $4595092.54   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PANTHER ESCROW ISSUER LLC                                   | PANTHER ESCROW ISSUER LLC              | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     68000 | PA      | $70726.01     | 0.00%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC                              | PARK INTERMEDIATE HOLDINGS/PK DOM      | CUSIP: 70052LAB9<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |     42000 | PA      | $41946.90     | 0.00%             | 2028-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC                              | PARK INTERMEDIATE HOLDINGS LLC         | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |     21000 | PA      | $20469.25     | 0.00%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PARKER HANNIFIN CORPORATION                                 | Parker-Hannifin Corp                   | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      6316 | NS      | $4788475.40   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PENN ENTERTAINMENT INC                                      | PENN NATIONAL GAMING INC               | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     46000 | PA      | $43124.66     | 0.00%             | 2029-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PEPSICO SINGAPORE FINANCING I PTE LTD                       | PEPSICO SINGAPORE FINANCING I PTE      | CUSIP: 713466AA8<br>LEI: 254900DOMTCMUFROFJ76 | Long             | DBT              | CORP              | SG        |    868000 | PA      | $876837.78    | 0.05%             | 2027-02-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                             | PERMIAN RESOURCES OPERATING LLC        | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     61000 | PA      | $63383.68     | 0.00%             | 2032-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                             | PERMIAN RESOURCES OPERATING LLC        | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     24000 | PA      | $24453.71     | 0.00%             | 2033-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                          | VENTURE GLOBAL PLAQUEMINES LNG LLC     | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    122000 | PA      | $129709.56    | 0.01%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS LLC                           | VENTURE GLOBAL CALCASIEU PASS LLC      | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     22000 | PA      | $21076.06     | 0.00%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS LLC                           | VENTURE GLOBAL CALCASIEU PASS LLC      | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     53000 | PA      | $50046.46     | 0.00%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS LLC                           | VENTURE GLOBAL CALCASIEU PASS LLC      | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     58000 | PA      | $52293.35     | 0.00%             | 2033-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                      | VENTURE GLOBAL LNG INC                 | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     78000 | PA      | $80764.07     | 0.00%             | 2028-06-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                      | VENTURE GLOBAL LNG INC                 | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     49000 | PA      | $51456.30     | 0.00%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                      | VENTURE GLOBAL LNG INC                 | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     14000 | PA      | $15436.25     | 0.00%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                      | VENTURE GLOBAL LNG INC                 | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     26000 | PA      | $28310.89     | 0.00%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                      | VENTURE GLOBAL LNG INC                 | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36224.30     | 0.00%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VERIZON MASTER TRUST VZMT_24-8                              | VZMT_24-8                              | CUSIP: 92348KDP5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1650000 | PA      | $1668312.86   | 0.10%             | 2030-11-20      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_25-7                       | VERUS_25-7                             | CUSIP: 924931AC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3452159 | PA      | $3456962.68   | 0.21%             | 2070-08-25      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| VERTEX PHARM INC                                            | Vertex Pharmaceuticals Inc             | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     29791 | NS      | $11667347.24  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                                    | VERTICAL US NEWCO INC                  | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |     62000 | PA      | $61848.25     | 0.00%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_21-R1                      | VERUS_21-R1                            | CUSIP: 92538BAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     62631 | PA      | $60818.24     | 0.00%             | 2063-10-25      | Variable      | 1.06%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_21-R1                      | VERUS_21-R1                            | CUSIP: 92538BAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     79333 | PA      | $77089.67     | 0.00%             | 2063-10-25      | Variable      | 1.26%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_22-1                       | VERUS_22-1                             | CUSIP: 92538WAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2732649 | PA      | $2587272.48   | 0.15%             | 2067-01-25      | Variable      | 2.72%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_23-1                       | VERUS_23-1                             | CUSIP: 92539BAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    960580 | PA      | $959264.40    | 0.06%             | 2067-12-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_23-INV1                    | VERUS_23-INV1                          | CUSIP: 92539FAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2093830 | PA      | $2093495.65   | 0.12%             | 2068-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_23-6                       | VERUS_23-6                             | CUSIP: 92539XAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    413610 | PA      | $418692.39    | 0.02%             | 2068-09-25      | Variable      | 6.94%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_23-8                       | VERUS_23-8                             | CUSIP: 92540DAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    337212 | PA      | $341494.45    | 0.02%             | 2068-12-25      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_24-1                       | VERUS_24-1                             | CUSIP: 92540EAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1593904 | PA      | $1605784.51   | 0.10%             | 2069-01-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_24-INV1                    | VERUS_24-INV1                          | CUSIP: 92540FAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1059163 | PA      | $1072746.25   | 0.06%             | 2069-03-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_24-3                       | VERUS_24-3                             | CUSIP: 92540MAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1267855 | PA      | $1286689.74   | 0.08%             | 2069-04-25      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                          | VIKING CRUISES LTD                     | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     39000 | PA      | $39011.51     | 0.00%             | 2027-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                          | VIKING CRUISES LTD                     | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     56000 | PA      | $60142.02     | 0.00%             | 2031-07-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                          | VIKING CRUISES LTD                     | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     76000 | PA      | $75932.10     | 0.00%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                                    | VIRGIN MEDIA FINANCE PLC               | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |     47000 | PA      | $43628.35     | 0.00%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FINANCE PLC                            | VIRGIN MEDIA SECURED FINANCE PLC       | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |     42000 | PA      | $41475.46     | 0.00%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FINANCE PLC                            | VIRGIN MEDIA SECURED FINANCE PLC       | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |     31000 | PA      | $29231.60     | 0.00%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VISA INC                                                    | Visa Inc                               | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     39687 | NS      | $13548348.06  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| VISIO_19-2                                                  | VISIO_19-2                             | CUSIP: 92837DAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     38504 | PA      | $38014.86     | 0.00%             | 2054-11-25      | Variable      | 3.08%                 | No            |                  2 | On Loan: No      |
| VISIO_20-1R                                                 | VISIO_20-1R                            | CUSIP: 92837MAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     59350 | PA      | $57139.36     | 0.00%             | 2055-11-25      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| VISIO_20-1R                                                 | VISIO_20-1R                            | CUSIP: 92837MAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     69241 | PA      | $66787.01     | 0.00%             | 2055-11-25      | Fixed         | 1.87%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                               | VISTRA OPERATIONS COMPANY LLC          | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     17000 | PA      | $17006.36     | 0.00%             | 2027-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                               | VISTRA OPERATIONS COMPANY LLC          | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     39000 | PA      | $38951.55     | 0.00%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                               | VISTRA OPERATIONS COMPANY LLC          | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     75000 | PA      | $79463.16     | 0.00%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                               | VISTRA OPERATIONS COMPANY LLC          | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     73000 | PA      | $76373.98     | 0.00%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VISTA POINT SECURITIZATION TRUST VSTA_25-CES2               | VSTA_25-CES2                           | CUSIP: 92842UAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2021013 | PA      | $2023250.98   | 0.12%             | 2055-08-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| VISTA POINT SECURITIZATION TRUST VSTA_25-CES2               | VSTA_25-CES2                           | CUSIP: 92842UAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1450000 | PA      | $1457448.94   | 0.09%             | 2055-08-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                                  | VMED O2 UK FINANCING I PLC             | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |     63000 | PA      | $59241.19     | 0.00%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VERICREST OPPORTUNITY LOAN TRUST VOLT_21-NP10               | VOLT_21-NP10                           | CUSIP: 92873EAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    168536 | PA      | $168502.76    | 0.01%             | 2051-05-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| VOLT_21-NP11                                                | VOLT_21-NP11                           | CUSIP: 92873HAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    495612 | PA      | $495472.88    | 0.03%             | 2051-08-25      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                          | VOYAGER PARENT LLC                     | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |     39000 | PA      | $41242.56     | 0.00%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| W R GRACE HOLDINGS LLC                                      | WR GRACE HOLDINGS LLC                  | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    124000 | PA      | $115363.22    | 0.01%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| W R GRACE HOLDINGS LLC                                      | WR GRACE HOLDINGS LLC                  | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |     13000 | PA      | $12922.39     | 0.00%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| W R GRACE HOLDINGS LLC                                      | WR GRACE HOLDINGS LLC                  | CUSIP: 92943GAE1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13248.15     | 0.00%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| W R GRACE HOLDINGS LLC                                      | W R GRACE HOLDINGS LLC                 | CUSIP: 92943GAF8<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |     84000 | PA      | $83064.64     | 0.00%             | 2032-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                                 | Walmart Inc                            | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    112830 | NS      | $11628259.80  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                                                 | WALMART INC                            | CUSIP: 931142FP3<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    641000 | PA      | $658640.64    | 0.04%             | 2035-04-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                           | WASTE PRO USA INC                      | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51934.10     | 0.00%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WATCO COMPANIES LLC                                         | WATCO COS LLC / WATCO FINANCE CORP     | CUSIP: 941130AD8<br>LEI: 549300UK74AMHGBXZG45 | Long             | DBT              | CORP              | US        |     98000 | PA      | $101449.20    | 0.01%             | 2032-08-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                       | Wells Fargo & Co                       | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    179029 | NS      | $15006210.78  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                                       | WELLS FARGO & COMPANY                  | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2078044.44   | 0.12%             | 2034-04-24      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| HOMES TRUST HOMES_25-NQM4                                   | HOMES_25-NQM4                          | CUSIP: 403958AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1591883 | PA      | $1600189.05   | 0.10%             | 2070-08-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| HB FULLER CO                                                | H.B. FULLER CO                         | CUSIP: 40410KAA3<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |     29000 | PA      | $28197.51     | 0.00%             | 2028-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                     | HCA INC                                | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $3724904.62   | 0.22%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                           | HSBC HOLDINGS PLC                      | CUSIP: 404280CT4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1358818.96   | 0.08%             | 2032-05-24      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                           | HSBC HOLDINGS PLC                      | CUSIP: 404280EW5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    378000 | PA      | $388805.30    | 0.02%             | 2031-05-13      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                           | HSBC HOLDINGS PLC                      | CUSIP: 404280EX3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     52000 | PA      | $54806.26     | 0.00%             | 2036-05-13      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                                             | HANESBRANDS INC                        | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |     18000 | PA      | $19065.55     | 0.00%             | 2031-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| HEALTHEQUITY INC                                            | HEALTHEQUITY INC                       | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |     22000 | PA      | $21352.41     | 0.00%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HEINEKEN NV                                                 | HEINEKEN NV                            | CUSIP: 423012AF0<br>LEI: 724500K5PTPSST86UQ23 | Long             | DBT              | CORP              | NL        |   1140000 | PA      | $1126249.60   | 0.07%             | 2028-01-29      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                           | HERC HOLDINGS INC                      | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     26000 | PA      | $25940.73     | 0.00%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                           | HERC HOLDINGS INC                      | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     34000 | PA      | $34937.93     | 0.00%             | 2029-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                           | HERC HOLDINGS ESCROW INC               | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     36000 | PA      | $37397.69     | 0.00%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                           | HERC HOLDINGS ESCROW INC               | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     99000 | PA      | $103436.59    | 0.01%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HERENS HOLDCO SARL                                          | LONZA SPECIALTY INGREDIENTS            | CUSIP: 427169AA5<br>LEI: 2221002FZ55AMAUX4G64 | Long             | DBT              | CORP              | LU        |     26000 | PA      | $22728.80     | 0.00%             | 2028-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                                | HESS MIDSTREAM OPERATIONS LP           | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20136.29     | 0.00%             | 2030-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                                | HESS MIDSTREAM PARTNERS LP             | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $10190.65     | 0.00%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                                       | HIGHTOWER HOLDINGS LLC                 | CUSIP: 43118DAA8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |     62000 | PA      | $61075.33     | 0.00%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                                       | HIGHTOWER HOLDING LLC                  | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |     59000 | PA      | $62903.86     | 0.00%             | 2030-01-31      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                         | HILCORP ENERGY I LP/HILCORP FIN        | CUSIP: 431318AS3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50119.27     | 0.00%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                         | HILCORP ENERGY I LP/HILCORP FIN        | CUSIP: 431318AU8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     11000 | PA      | $10857.18     | 0.00%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                         | HILCORP ENERGY I LP/HILCORP FIN        | CUSIP: 431318AY0<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     16000 | PA      | $15767.94     | 0.00%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                         | HILCORP ENERGY I LP/HILCORP FIN        | CUSIP: 431318AZ7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18300.46     | 0.00%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                         | HILCORP ENERGY I LP/HILCORP FIN        | CUSIP: 431318BC7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     58000 | PA      | $60883.66     | 0.00%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                         | HILCORP ENERGY I LP                    | CUSIP: 431318BG8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     51000 | PA      | $49903.73     | 0.00%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                       | HILTON DOMESTIC OPERATING COMPANY      | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     14000 | PA      | $14303.17     | 0.00%             | 2033-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                       | HILTON DOMESTIC OPERATING COMPANY      | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     23000 | PA      | $23324.78     | 0.00%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS BORROWER                             | HILTON GRAND VAC BOR ESC               | CUSIP: 43283QAC4<br>LEI: 254900HF0EZ734FDVY79 | Long             | DBT              | CORP              | US        |     52000 | PA      | $52793.14     | 0.00%             | 2032-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HGVT_19-AA                                                  | HGVT_19-AA                             | CUSIP: 43284HAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140620 | PA      | $138984.45    | 0.01%             | 2033-07-25      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| NRZ EXCESS SPREAD COLLATERALIZED NOTES NZES_20-PLS1         | NZES_20-PLS1                           | CUSIP: 433674AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    188142 | PA      | $187468.97    | 0.01%             | 2025-12-25      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS OF AMERICA TRUST HPA_19-2                     | HPA_19-2                               | CUSIP: 43732TAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1030332 | PA      | $1000905.38   | 0.06%             | 2039-10-19      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS OF AMERICA TRUST HPA_21-2                     | HPA_21-2                               | CUSIP: 43732VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6236722 | PA      | $6065887.40   | 0.36%             | 2026-12-17      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| HOMES TRUST HOMES_25-AFC2                                   | HOMES_25-AFC2                          | CUSIP: 43761YAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1616743 | PA      | $1626826.60   | 0.10%             | 2060-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| HOMEWARD OPPORTUNITIES FUND I TRUST HOF_20-2                | HOF_20-2                               | CUSIP: 43789XAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    302167 | PA      | $299319.33    | 0.02%             | 2065-05-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL INC                                 | Honeywell International Inc            | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     54137 | NS      | $11395838.50  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| HUB INTERNATIONAL LTD                                       | HUB INTERNATIONAL LIMITED              | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |     43000 | PA      | $42984.58     | 0.00%             | 2029-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                       | HUB INTERNATIONAL LIMITED              | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |     85000 | PA      | $88670.74     | 0.01%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                       | HUB INTERNATIONAL LTD                  | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |     61000 | PA      | $63663.06     | 0.00%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                                         | HUDBAY MINERALS INC                    | CUSIP: 443628AH5<br>LEI: 894500LX3TMESP27BE29 | Long             | DBT              | CORP              | CA        |     72000 | PA      | $72619.22     | 0.00%             | 2029-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                                         | HUDBAY MINERALS INC                    | CUSIP: 443628AJ1<br>LEI: 894500LX3TMESP27BE29 | Long             | DBT              | CORP              | CA        |     33000 | PA      | $32913.57     | 0.00%             | 2026-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                                        | IHO VERWALTUNGS GMBH                   | CUSIP: 44963BAG3<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |     82000 | PA      | $86259.50     | 0.01%             | 2032-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MAYA SAS                                                    | ILIAD HOLDING SAS                      | CUSIP: 449691AC8<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |     68000 | PA      | $69199.19     | 0.00%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MAYA SAS                                                    | ILIAD HOLDING SAS                      | CUSIP: 449691AG9<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |     32000 | PA      | $32660.75     | 0.00%             | 2032-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                                           | INEOS FINANCE PLC                      | CUSIP: 44984WAH0<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |     20000 | PA      | $19619.24     | 0.00%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                                           | INEOS FINANCE PLC                      | CUSIP: 44984WAJ6<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |     95000 | PA      | $93085.98     | 0.01%             | 2029-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                            | ITT HOLDINGS LLC                       | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5898.63      | 0.00%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                    | IHEARTCOMMUNICATIONS INC               | CUSIP: 45174HBJ5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |      6118 | PA      | $5538.53      | 0.00%             | 2029-05-01      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                    | IHEARTCOMMUNICATIONS INC               | CUSIP: 45174HBM8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |     14410 | PA      | $11969.95     | 0.00%             | 2030-08-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2 PLC                                 | INEOS QUATTRO FINANCE 2 PLC            | CUSIP: 45674GAB0<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |     99000 | PA      | $98418.02     | 0.01%             | 2029-03-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| INNOPHOS HOLDINGS INC                                       | INNOPHOS HOLDINGS INC                  | CUSIP: 45774NAD0<br>LEI: XQ0331QX53IRX25OY417 | Long             | DBT              | CORP              | US        |     58550 | PA      | $57763.83     | 0.00%             | 2029-06-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| INTEL CORP                                                  | INTEL CORP                             | CUSIP: 458140BM1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    675000 | PA      | $571020.42    | 0.03%             | 2050-03-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| INTERFACE INC                                               | INTERFACE INC                          | CUSIP: 458665AS5<br>LEI: 549300VXZWQOIDFPU355 | Long             | DBT              | CORP              | US        |     23000 | PA      | $22994.36     | 0.00%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORP                        | IBM CORP                               | CUSIP: 459200JZ5<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   1695000 | PA      | $1686494.51   | 0.10%             | 2026-05-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL FLAVORS & FRAGRANCES INC                      | International Flavors & Fragrances Inc | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |     61217 | NS      | $3767294.18   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC                                                  | Intuit Inc                             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     21966 | NS      | $15000801.06  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| INVERSION ESCROW ISSUER LLC                                 | OLYMPUS WATER US HOLDING CORP          | CUSIP: 46150DAA0<br>LEI: 254900P6GHORGRVLKI95 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64071.30     | 0.00%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES SARL                               | ION TRADING TECHNOLOGIES SARL          | CUSIP: 46205YAB7<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $210997.03    | 0.01%             | 2029-05-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                   | IQVIA INC                              | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     18000 | PA      | $17959.67     | 0.00%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                   | IQVIA INC                              | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16545.57     | 0.00%             | 2030-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                   | IQVIA INC                              | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51544.43     | 0.00%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                           | IRON MOUNTAIN INC                      | CUSIP: 46284VAC5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     14000 | PA      | $13935.89     | 0.00%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                           | IRON MOUNTAIN INC                      | CUSIP: 46284VAG6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     46000 | PA      | $45775.82     | 0.00%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                           | IRON MOUNTAIN INC                      | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     17000 | PA      | $17504.56     | 0.00%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                           | IRON MOUNTAIN INC                      | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15303.74     | 0.00%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ISHARES CORE MSCI EAFE ETF                                  | iShares Core MSCI EAFE ETF             | CUSIP: 46432F842<br>LEI: 5493009FT582MI7Y3I36 | Long             | EC               | RF                | US        |    355182 | NS      | $31010940.42  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| JH NORTH AMERICA HOLDINGS INC                               | JH NORTH AMERICA HOLDINGS INC          | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10164.34     | 0.00%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDINGS INC                               | JH NORTH AMERICA HOLDINGS INC          | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     17000 | PA      | $17418.93     | 0.00%             | 2032-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST JPMMT_25-VIS3                      | JPMMT_25-VIS3                          | CUSIP: 46594EAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3300000 | PA      | $3302298.45   | 0.20%             | 2066-02-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                         | JPMorgan Chase & Co                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     79013 | NS      | $24923070.59  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                         | JPMORGAN CHASE & CO                    | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    445000 | PA      | $399249.54    | 0.02%             | 2032-11-08      | Variable      | 2.54%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                         | JPMORGAN CHASE & CO                    | CUSIP: 46647PEJ1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5119000 | PA      | $5250655.86   | 0.31%             | 2030-07-22      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                         | JPMORGAN CHASE & CO                    | CUSIP: 46647PEQ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36405.06     | 0.00%             | 2030-10-22      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                         | JPMORGAN CHASE & CO                    | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1279000 | PA      | $1320808.23   | 0.08%             | 2031-01-24      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| JACOBS SOLUTIONS INC                                        | Jacobs Solutions Inc                   | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40950 | NS      | $6136767.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| JAMES HARDIE INTERNATIONAL FINANCE DAC                      | JAMES HARDIE INTERNATIONAL FINANCE     | CUSIP: 47032FAB5<br>LEI: 635400G32A4Q1LVQ8M88 | Long             | DBT              | CORP              | IE        |     52000 | PA      | $51662.94     | 0.00%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORPORATION                                 | KAISER ALUMINUM CORPORATION            | CUSIP: 483007AJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     43000 | PA      | $42519.66     | 0.00%             | 2028-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORPORATION                                 | KAISER ALUMINUM CORPORATION            | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     34000 | PA      | $32070.52     | 0.00%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENERGY PARTNERS LP                            | KINDER MORGAN ENERGY PARTNERS LP       | CUSIP: 494550BU9<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    660000 | PA      | $638478.09    | 0.04%             | 2044-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                     | KODIAK GAS SERVICES LLC                | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     49000 | PA      | $50834.27     | 0.00%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                     | KODIAK GAS SERVICES LLC                | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     32000 | PA      | $32574.20     | 0.00%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                     | KODIAK GAS SERVICES LLC                | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19507.06     | 0.00%             | 2035-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                                        | KRAFT HEINZ FOODS CO                   | CUSIP: 50077LAD8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1413164.23   | 0.08%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                                       | BATH & BODY WORKS INC                  | CUSIP: 501797AR5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     39000 | PA      | $40049.35     | 0.00%             | 2029-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                                       | L BRANDS INC                           | CUSIP: 501797AW4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     24000 | PA      | $24547.84     | 0.00%             | 2030-10-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS II LLC                             | MORGAN AUTOMOTIVE GROUP                | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |     58000 | PA      | $61317.86     | 0.00%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST LHOME_24-RTL1                          | LHOME_24-RTL1                          | CUSIP: 50205DAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    700000 | PA      | $703874.29    | 0.04%             | 2029-01-25      | Variable      | 7.02%                 | No            |                  2 | On Loan: No      |
| LOWES COMPANIES INC                                         | LOWES COMPANIES INC                    | CUSIP: 548661EJ2<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    378000 | PA      | $305042.04    | 0.02%             | 2052-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MFRA TRUST MFRA_21-INV1                                     | MFRA_21-INV1                           | CUSIP: 552747AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     63009 | PA      | $61260.63     | 0.00%             | 2056-01-25      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| MFRA TRUST MFRA_21-INV1                                     | MFRA_21-INV1                           | CUSIP: 552747AB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     11781 | PA      | $11458.60     | 0.00%             | 2056-01-25      | Variable      | 1.06%                 | No            |                  2 | On Loan: No      |
| MFRA TRUST MFRA_21-INV1                                     | MFRA_21-INV1                           | CUSIP: 552747AC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     19697 | PA      | $19169.93     | 0.00%             | 2056-01-25      | Variable      | 1.26%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS INC                         | NEXTERA ENERGY CAPITAL HOLDINGS IN     | CUSIP: 65339KDL1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2378375.03   | 0.14%             | 2035-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE OPERATING PARTNERS LP                   | XPLR INFRASTRUCTURE OPERATING PART     | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     34000 | PA      | $33356.76     | 0.00%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE OPERATING PARTNERS LP                   | XPLR INFRASTRUCTURE OPERATING PART     | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     92000 | PA      | $94415.36     | 0.01%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NIKE INC                                                    | NIKE Inc                               | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     34871 | NS      | $2431554.83   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC.                                               | NISOURCE INC                           | CUSIP: 65473PAJ4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    585000 | PA      | $566660.32    | 0.03%             | 2030-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE COMPANY LLC                         | NISSAN MOTOR ACCEPTANCE COMPANY LL     | CUSIP: 65480CAL9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25011.83     | 0.00%             | 2030-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NISSAN MTR CO LTD                                           | NISSAN MOTOR CO LTD                    | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |     76000 | PA      | $81535.99     | 0.00%             | 2035-07-17      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION                                | NORFOLK SOUTHERN CORPORATION           | CUSIP: 655844BS6<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    868000 | PA      | $860283.19    | 0.05%             | 2026-06-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                                       | NORTHROP GRUMMAN CORP                  | CUSIP: 666807BK7<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    309000 | PA      | $305720.31    | 0.02%             | 2027-02-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                                       | NORTHROP GRUMMAN CORP                  | CUSIP: 666807CK6<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1625260.96   | 0.10%             | 2029-02-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                             | GEN DIGITAL INC                        | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     41000 | PA      | $41997.21     | 0.00%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                         | NOVA CHEMICALS CORP                    | CUSIP: 66977WAT6<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | NUSS              | CA        |     12000 | PA      | $12581.89     | 0.00%             | 2028-11-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                         | NOVA CHEMICALS CORP                    | CUSIP: 66977WAU3<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | NUSS              | CA        |     76000 | PA      | $81541.49     | 0.00%             | 2030-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                         | NOVA CHEMICALS CORP                    | CUSIP: 66977WAV1<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | NUSS              | CA        |     13000 | PA      | $13692.21     | 0.00%             | 2031-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Novelis                                                     | NOVELIS CORPORATION                    | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     54000 | PA      | $52113.55     | 0.00%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Novelis                                                     | NOVELIS CORP                           | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     54000 | PA      | $49183.52     | 0.00%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Novelis                                                     | NOVELIS CORP                           | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11394.86     | 0.00%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Novelis                                                     | NOVELIS CORP                           | CUSIP: 670001AN6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     34000 | PA      | $34352.33     | 0.00%             | 2033-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                                         | NUSTAR LOGISTICS LP                    | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |     24000 | PA      | $24860.53     | 0.00%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                                                 | NVIDIA Corp                            | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    469408 | NS      | $87582144.64  | 5.23%             |  |  |  | No            |                  1 | On Loan: No      |
| OBX TRUST OBX_23-NQM1                                       | OBX_23-NQM1                            | CUSIP: 670855AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    652112 | PA      | $650975.67    | 0.04%             | 2062-11-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| OAK HILL CREDIT PARTNERS OAKC_19-4A                         | OAKC_19-4A                             | CUSIP: 67098DBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   1375000 | PA      | $1380251.13   | 0.08%             | 2038-01-22      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| OAK HILL CREDIT PARTNERS OAKC_20-6A                         | OAKC_20-6A                             | CUSIP: 67098UAY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   2600000 | PA      | $2605886.40   | 0.16%             | 2037-10-20      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| OBX TRUST OBX_23-NQM8                                       | OBX_23-NQM8                            | CUSIP: 67118CAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1091527 | PA      | $1107010.28   | 0.07%             | 2063-09-25      | Variable      | 7.04%                 | No            |                  2 | On Loan: No      |
| OBX TRUST OBX_23-NQM8                                       | OBX_23-NQM8                            | CUSIP: 67118CAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    898916 | PA      | $911952.30    | 0.05%             | 2063-09-25      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| OBX_25-NQM13                                                | OBX_25-NQM13                           | CUSIP: 67121UAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2644617 | PA      | $2668674.17   | 0.16%             | 2065-05-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION                            | OCCIDENTAL PETROLEUM CORPORATION       | CUSIP: 674599EH4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    327000 | PA      | $330667.22    | 0.02%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION                            | OCCIDENTAL PETROLEUM CORPORATION       | CUSIP: 674599EM3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    820000 | PA      | $799962.73    | 0.05%             | 2054-10-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| OCEANVIEW MORTGAGE LOAN TRUST OVMLT_20-1                    | OVMLT_20-1                             | CUSIP: 676477AA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    141758 | PA      | $133950.90    | 0.01%             | 2050-05-28      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| OAKC_21-8A                                                  | OAKC_21-8A                             | CUSIP: 67707GAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    650000 | PA      | $652083.90    | 0.04%             | 2038-01-20      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| OH EDISON CO                                                | OHIO EDISON COMPANY                    | CUSIP: 677347CH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1194723.89   | 0.07%             | 2033-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OKTA INC                                                    | Okta Inc                               | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |     64366 | NS      | $5902362.20   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                               | OLYMPUS WATER US HOLDING CORP          | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     42000 | PA      | $40391.71     | 0.00%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                               | OLYMPUS WATER US HOLDING CORP          | CUSIP: 681639AB6<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     47000 | PA      | $45611.25     | 0.00%             | 2029-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                               | OLYMPUS WATER US HOLDING CORP          | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     68000 | PA      | $68949.54     | 0.00%             | 2031-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                               | OLYMPUS WATER US HOLDING CORP          | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     42000 | PA      | $42024.34     | 0.00%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                                       | ON Semiconductor Corp                  | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     98720 | NS      | $4867883.20   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PINTEREST INC                                               | Pinterest Inc                          | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    169506 | NS      | $5453008.02   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| POST HOLDINGS INC                                           | POST HOLDINGS INC                      | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     74000 | PA      | $71366.58     | 0.00%             | 2030-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                           | POST HOLDINGS INC                      | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     18000 | PA      | $16837.20     | 0.00%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST PART_24-1                   | PART_24-1A                             | CUSIP: 74113QAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    791902 | PA      | $794011.46    | 0.05%             | 2028-05-15      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST PART_24-1                   | PART_24-1A                             | CUSIP: 74113QAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1125000 | PA      | $1135075.84   | 0.07%             | 2029-03-15      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO                                         | Procter & Gamble Co/The                | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     67002 | NS      | $10294857.30  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESS RESIDENTIAL TRUST PROG_24-SFR1                     | PROG_24-SFR1                           | CUSIP: 74331QAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1537757 | PA      | $1484789.70   | 0.09%             | 2041-02-17      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL MASTER TRUST PROG_21-SFR8              | PROG_21-SFR8                           | CUSIP: 74333TAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1830000 | PA      | $1788043.59   | 0.11%             | 2038-10-17      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| PROSPER MARKETPLACE ISSUANCE TRUST SERIES PMIT_24-1         | PMIT_24-1A                             | CUSIP: 74363CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15071 | PA      | $15077.15     | 0.00%             | 2029-08-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FUNDING ASSOCIATES LP                             | PROVIDENT FUNDING ASSOCIATES/PFG       | CUSIP: 74387UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $79335.18     | 0.00%             | 2029-09-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED                | Public Service Enterprise Group Inc    | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |    131078 | NS      | $10939769.88  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PULTE GROUP INC                                             | PulteGroup Inc                         | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19578 | NS      | $2586841.14   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| QNITY ELECTRONICS INC                                       | QNITY ELECTRONICS INC                  | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |     24000 | PA      | $24208.46     | 0.00%             | 2032-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                       | QNITY ELECTRONICS INC                  | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19423.32     | 0.00%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS INC                                   | QUEEN MERGERCO INC                     | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |     44000 | PA      | $45686.18     | 0.00%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROCKET MORTGAGE LLC                                         | QUICKEN LOANS LLC/ QUICKEN LOANS       | CUSIP: 74841CAA9<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |     13000 | PA      | $12406.65     | 0.00%             | 2029-03-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ROCKET MORTGAGE LLC                                         | QUICKEN LOANS LLC/QUICKEN LOANS        | CUSIP: 74841CAB7<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |     32000 | PA      | $29896.04     | 0.00%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                       | QUIKRETE HOLDINGS INC                  | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     74000 | PA      | $76670.80     | 0.00%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                       | QUIKRETE HOLDINGS INC                  | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41568.70     | 0.00%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP                                     | RHP HOTEL PROPERTIES LP                | CUSIP: 749571AJ4<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20626.12     | 0.00%             | 2028-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP                                     | RHP HOTEL PROPERTIES LP/RHP FIN        | CUSIP: 749571AK1<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |     41000 | PA      | $42171.38     | 0.00%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP                                     | RHP HOTEL PROPERTIES LP                | CUSIP: 749571AL9<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |     23000 | PA      | $23684.65     | 0.00%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RADNOR REESSENT RMIR_21-2                                   | RMIR_21-2                              | CUSIP: 75049GAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    280180 | PA      | $282602.98    | 0.02%             | 2031-11-25      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                    | RTX Corp                               | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     46705 | NS      | $7815147.65   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX CORP                                                    | RAYTHEON TECHNOLOGIES CORPORATION      | CUSIP: 75513ECH2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   3235000 | PA      | $3209565.45   | 0.19%             | 2027-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                    | RAYTHEON TECHNOLOGIES CORPORATION      | CUSIP: 75513ECN9<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1347964.19   | 0.08%             | 2032-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| REACH ABS TRUST REACH_25-1                                  | REACH_25-1A                            | CUSIP: 75525PAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    547979 | PA      | $549503.29    | 0.03%             | 2032-08-16      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| RESEARCH-DRIVEN PAGAYA MOTOR ASSET TRUST I RPM_21-2A        | RPM_21-2A                              | CUSIP: 76088LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    201561 | PA      | $199535.84    | 0.01%             | 2030-03-25      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| RESEARCHDRIVEN PAGAYA MOTOR ASSET TRUST RPM_24-1            | RPM_24-1A                              | CUSIP: 76088YAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    229918 | PA      | $231967.46    | 0.01%             | 2032-06-25      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL MORTGAGE TRUST RMLT_20-1                        | RMLT_20-1                              | CUSIP: 76119CAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     15776 | PA      | $15634.41     | 0.00%             | 2060-01-26      | Variable      | 2.68%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                         | RESIDEO FUNDING INC                    | CUSIP: 76119LAB7<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |     21000 | PA      | $20051.87     | 0.00%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                                      | RITCHIE BROS HOLDINGS INC              | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62794.61     | 0.00%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE BORROWER LLC                              | RIVERS ENTERPRISE BORROWER LLC         | CUSIP: 76883NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     51000 | PA      | $51942.77     | 0.00%             | 2033-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE BORROWER LLC                              | RIVERS ENTERPRISE BORROWER LLC         | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     31000 | PA      | $31286.35     | 0.00%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ROBLOX CORP (PRE-REINCORPORATION)                           | ROBLOX CORPORATION                     | CUSIP: 771049AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     46000 | PA      | $43913.41     | 0.00%             | 2030-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ROCKET COMPANIES INC                                        | ROCKET COMPANIES INC                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20532.02     | 0.00%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ROCKET COMPANIES INC                                        | ROCKET COMPANIES INC                   | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25825.24     | 0.00%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ROCKET MORTGAGE LLC                                         | ROCKET MORTGAGE LLC/ROCKET MORT        | CUSIP: 77313LAB9<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |    141000 | PA      | $128818.58    | 0.01%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE LLC                                | ROCKIES EXPRESS PIPELINE LLC           | CUSIP: 77340RAU1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20880.00     | 0.00%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                        | ROYAL BANK OF CANADA                   | CUSIP: 78017DAC2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    307000 | PA      | $316293.90    | 0.02%             | 2031-02-04      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                        | ROYAL BANK OF CANADA                   | CUSIP: 78017DAK4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1440000 | PA      | $1451107.01   | 0.09%             | 2029-08-06      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                        | ROYAL BANK OF CANADA                   | CUSIP: 78017DAM0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    254000 | PA      | $257336.66    | 0.02%             | 2031-08-06      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                        | ROYAL BANK OF CANADA                   | CUSIP: 78017FZT3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    539000 | PA      | $545467.40    | 0.03%             | 2030-10-18      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY LLC                                          | RYAN SPECIALTY LLC                     | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |     46000 | PA      | $46544.77     | 0.00%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC                                              | S&P Global Inc                         | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     15179 | NS      | $7387771.09   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SBNA AUTO LEASE TRUST SBALT_24-A                            | SBALT_24-A                             | CUSIP: 78414SAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1308548.67   | 0.08%             | 2029-01-22      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| SBNA AUTO LEASE TRUST SBALT_23-A                            | SBALT_23-A                             | CUSIP: 78436TAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1620013 | PA      | $1628442.77   | 0.10%             | 2027-04-20      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECHNOLOGIES INC                                   | L3HARRIS TECHNOLOGIES INC              | CUSIP: 502431AP4<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3252359.62   | 0.19%             | 2027-01-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECHNOLOGIES INC                                   | L3HARRIS TECHNOLOGIES INC              | CUSIP: 502431AQ2<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    375000 | PA      | $390651.41    | 0.02%             | 2033-07-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP                        | LADDER CAP FIN HOLDINGS/FIN CORP       | CUSIP: 505742AP1<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |     42000 | PA      | $41251.58     | 0.00%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP                        | LADDER CAPITAL FIN HLDGS LLLP          | CUSIP: 505742AR7<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |     61000 | PA      | $64091.73     | 0.00%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LAM Research                                                | Lam Research Corp                      | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     67455 | NS      | $9032224.50   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| LAMB WESTON HOLDINGS INC                                    | LAMB WESTON HOLDINGS INC               | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |     23000 | PA      | $21733.40     | 0.00%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                         | LBM ACQUISITION LLC                    | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52722.85     | 0.00%             | 2031-06-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| LEGACY MORTGAGE ASSET TRUST LMAT_21-GS1                     | LMAT_21-GS1                            | CUSIP: 52474JAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    919805 | PA      | $920163.59    | 0.05%             | 2066-10-25      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| LEGACY MORTGAGE ASSET TRUST LMAT_21-GS2                     | LMAT_21-GS2                            | CUSIP: 52476DAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1636737 | PA      | $1635460.63   | 0.10%             | 2061-04-25      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL INC                          | LIGHT & WONDER INTERNATIONAL INC       | CUSIP: 531968AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     59000 | PA      | $61409.42     | 0.00%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL INC                          | LIGHT AND WONDER INTERNATIONAL INC     | CUSIP: 531968AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     44000 | PA      | $44069.16     | 0.00%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                        | LIFEPOINT HEALTH INC                   | CUSIP: 53219LAW9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     13000 | PA      | $14330.47     | 0.00%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| ELI LILLY AND COMPANY                                       | Eli Lilly & Co                         | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     27520 | NS      | $20997760.00  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| LINCOLN FINANCIAL GLOBAL FUNDING                            | LINCOLN FINANCIAL GLOBAL FUNDING       | CUSIP: 53359KAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4000 | PA      | $4138.87      | 0.00%             | 2030-01-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                           | LITHIA MOTORS INC                      | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18984.56     | 0.00%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMENT INC                               | LIVE NATION ENTERTAINMENT INC          | CUSIP: 538034AN9<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |     44000 | PA      | $44002.57     | 0.00%             | 2026-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                                 | LOCKHEED MARTIN CORPORATION            | CUSIP: 539830CL1<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    800000 | PA      | $806880.74    | 0.05%             | 2030-08-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| LONG RIDGE ENERGY LLC                                       | LONG RIDGE ENERGY LLC                  | CUSIP: 54288CAA1<br>LEI: 984500764EC9AZ2FC764 | Long             | DBT              | CORP              | US        |     42000 | PA      | $43171.58     | 0.00%             | 2032-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LOWES COMPANIES INC                                         | LOWES COMPANIES INC                    | CUSIP: 548661EF0<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    590000 | PA      | $470759.44    | 0.03%             | 2062-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MFA TRUST MFRA_20-NQM3                                      | MFRA_20-NQM3                           | CUSIP: 552757AD8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    475000 | PA      | $435831.83    | 0.03%             | 2065-01-26      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| MFRA TRUST MFRA_21-NQM1                                     | MFRA_21-NQM1                           | CUSIP: 55283FAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    344248 | PA      | $324314.87    | 0.02%             | 2065-04-25      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| MFA TRUST MFRA_22-NQM2                                      | MFRA_22-NQM2                           | CUSIP: 55285QAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3990356 | PA      | $3979213.41   | 0.24%             | 2067-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MFA TRUST MFRA_23-NQM4                                      | MFRA_23-NQM4                           | CUSIP: 55286LAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    316999 | PA      | $319760.79    | 0.02%             | 2068-12-25      | Variable      | 6.11%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                              | NRG ENERGY INC                         | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     12000 | PA      | $12305.34     | 0.00%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                              | NRG ENERGY INC                         | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     47000 | PA      | $47058.29     | 0.00%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                              | NRG ENERGY INC                         | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     36000 | PA      | $35960.83     | 0.00%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                              | NRG ENERGY INC                         | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36016.06     | 0.00%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NXP BV                                                      | NXP BV/NXP FUNDING LLC/NXP USA INC     | CUSIP: 62954HAY4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   1550000 | PA      | $1486080.41   | 0.09%             | 2030-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                                       | NABORS INDUSTRIES LTD                  | CUSIP: 629571AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     10000 | PA      | $9990.52      | 0.00%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                       | NABORS INDUSTRIES INC                  | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67617.67     | 0.00%             | 2030-01-31      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                       | NABORS INDUSTRIES INC                  | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     48000 | PA      | $44711.84     | 0.00%             | 2031-08-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| NEW YORK MORTGAGE TRUST NYMT_25-INV2                        | NYMT_25-INV2                           | CUSIP: 62957JAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2166667 | PA      | $2165315.00   | 0.13%             | 2060-10-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS CORP                                             | NCR ATLEOS CORP                        | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |     85000 | PA      | $92031.90     | 0.01%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                | NAVIENT CORP                           | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6864.21      | 0.00%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                | NAVIENT CORP                           | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     55000 | PA      | $62070.34     | 0.00%             | 2031-03-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                        | NEPTUNE BIDCO US INC                   | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     93000 | PA      | $91299.61     | 0.01%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| ENVA LLC ENVA_24-A                                          | ENVA_24-A                              | CUSIP: 64113EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    171356 | PA      | $171827.65    | 0.01%             | 2030-10-21      | Fixed         | 7.43%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TR                            | NRZT_16-3A                             | CUSIP: 64829HAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     99372 | PA      | $95141.37     | 0.01%             | 2056-09-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                           | NEWELL BRANDS INC                      | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     28000 | PA      | $27631.70     | 0.00%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                           | NEWELL BRANDS INC                      | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     29000 | PA      | $28741.46     | 0.00%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                           | NEWELL BRANDS INC                      | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     26000 | PA      | $27571.51     | 0.00%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS INC                         | NEXTERA ENERGY CAPITAL HOLDINGS IN     | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    996000 | PA      | $1007069.35   | 0.06%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                | NAVIENT LLC                            | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     42000 | PA      | $38334.97     | 0.00%             | 2033-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                | SM ENERGY CO                           | CUSIP: 78454LAN0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     41000 | PA      | $41006.17     | 0.00%             | 2026-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                | SM ENERGY CO                           | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35201.26     | 0.00%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                | SM ENERGY CO                           | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     17000 | PA      | $16996.58     | 0.00%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                | Synopsys Inc                           | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     17399 | NS      | $8584492.61   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US INC                                             | T-Mobile US Inc                        | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     41556 | NS      | $9947675.28   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKE TWO INTERACTIVE SOFTWARE INC                           | Take-Two Interactive Software Inc      | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     26909 | NS      | $6952209.24   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TAPESTRY INC                                                | Tapestry Inc                           | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     32134 | NS      | $3638211.48   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES INC                             | TAYLOR MORRISON COMMUNITIES INC        | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30430.04     | 0.00%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                       | TENET HEALTHCARE CORPORATION           | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     37000 | PA      | $36960.33     | 0.00%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                       | TENET HEALTHCARE CORPORATION           | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     51000 | PA      | $51084.52     | 0.00%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                       | TENET HEALTHCARE CORPORATION           | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     26000 | PA      | $26360.53     | 0.00%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                       | TENET HEALTHCARE CORP                  | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     22000 | PA      | $21403.07     | 0.00%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                       | TENET HEALTHCARE CORPORATION           | CUSIP: 88033GDS6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     48000 | PA      | $48014.18     | 0.00%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                       | TENET HEALTHCARE CORPORATION           | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     59000 | PA      | $61112.31     | 0.00%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATING LLC                               | TERRAFORM POWER OPERATING LLC          | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |     42000 | PA      | $41753.05     | 0.00%             | 2028-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATING LLC                               | TERRAFORM POWER OPERATING LLC          | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |     76000 | PA      | $73456.88     | 0.00%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TESLA INC                                                   | Tesla Inc                              | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     31654 | NS      | $14077166.88  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| THEOREM FUNDING TRUST THRM_23-1                             | THRM_23-1A                             | CUSIP: 88338QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13379 | PA      | $13393.12     | 0.00%             | 2029-04-15      | Fixed         | 7.58%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER                                               | Thermo Fisher Scientific Inc           | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     20514 | NS      | $9949700.28   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                    | PICARD MIDCO INC                       | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     84000 | PA      | $84800.03     | 0.01%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE LLC                                       | TIME WARNER CABLE INC                  | CUSIP: 88732JAJ7<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |   1975000 | PA      | $2051887.32   | 0.12%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_18-1                         | TPMT_18-1                              | CUSIP: 89176EAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     35154 | PA      | $34834.57     | 0.00%             | 2058-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_18-6                         | TPMT_18-6                              | CUSIP: 89176LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    142423 | PA      | $141438.85    | 0.01%             | 2058-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_19-HY1                       | TPMT_19-HY1                            | CUSIP: 89177EAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    200996 | PA      | $201207.51    | 0.01%             | 2048-10-25      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_19-HY2                       | TPMT_19-HY2                            | CUSIP: 89177HAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    265089 | PA      | $272459.17    | 0.02%             | 2058-05-25      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                               | TRANSDIGM INC                          | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20404.78     | 0.00%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                               | TRANSDIGM INC                          | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     68000 | PA      | $70470.11     | 0.00%             | 2030-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                               | TRANSDIGM INC                          | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20457.50     | 0.00%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                               | TRANSDIGM INC                          | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103018.70    | 0.01%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                               | TRANSDIGM INC                          | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     31000 | PA      | $31343.80     | 0.00%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                               | TRANSDIGM INC                          | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101402.83    | 0.01%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                               | TRANSDIGM INC                          | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11322.14     | 0.00%             | 2034-01-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                               | TRANSDIGM INC                          | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     52000 | PA      | $53769.81     | 0.00%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS LLC                                 | TRANSMONTAIGNE PARTNERS LLC            | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     71000 | PA      | $74036.47     | 0.00%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA LTD                                       | TRANSOCEAN AQUILA LTD                  | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     38323 | PA      | $39431.09     | 0.00%             | 2028-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                | TRANSOCEAN INC                         | CUSIP: 893830BY4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     11000 | PA      | $10856.78     | 0.00%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                | TRANSOCEAN INC                         | CUSIP: 893830BZ1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     18000 | PA      | $17644.49     | 0.00%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FINANCING LTD                              | TRANSOCEAN TITAN FIN LTD               | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     34000 | PA      | $34868.39     | 0.00%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| TRICON AMERICAN HOMES TAH_20-SFR1                           | TAH_20-SFR1                            | CUSIP: 89613GAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $636720.44    | 0.04%             | 2038-07-17      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| TRICON AMERICAN HOMES TAH_20-SFR2                           | TAH_20-SFR2                            | CUSIP: 89613JAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1075000 | PA      | $1013698.56   | 0.06%             | 2039-11-17      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| TRONOX INC                                                  | TRONOX INC                             | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |     42000 | PA      | $27419.35     | 0.00%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TRONOX INC                                                  | TRONOX INC                             | CUSIP: 897051AD0<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |     39000 | PA      | $38209.44     | 0.00%             | 2030-09-30      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                     | UKG INC                                | CUSIP: 90279XAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     81000 | PA      | $83598.04     | 0.00%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                | US FOODS INC                           | CUSIP: 90290MAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     52000 | PA      | $51283.72     | 0.00%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                | US FOODS INC                           | CUSIP: 90290MAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     34000 | PA      | $33258.91     | 0.00%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                | US FOODS INC                           | CUSIP: 90290MAG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     32000 | PA      | $33007.75     | 0.00%             | 2028-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                            | UWM HOLDINGS LLC                       | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     52000 | PA      | $52900.17     | 0.00%             | 2030-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                            | UWM HOLDINGS LLC                       | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     63000 | PA      | $62711.11     | 0.00%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                       | Uber Technologies Inc                  | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    152664 | NS      | $14956492.08  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| VAIL RESORTS INC                                            | VAIL RESORTS INC                       | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |     23000 | PA      | $23803.15     | 0.00%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH AMERICAS INC                                  | BAUSCH HEALTH AMERICAS INC             | CUSIP: 91911XAW4<br>LEI: KOO0397YRO83WY5MGD97 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4959.28      | 0.00%             | 2027-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                      | WESCO DISTRIBUTION INC                 | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     29000 | PA      | $29397.38     | 0.00%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                      | WESCO DISTRIBUTION INC                 | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11326.56     | 0.00%             | 2029-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                      | WESCO DISTRIBUTION INC                 | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     47000 | PA      | $48899.48     | 0.00%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                      | WESCO DISTRIBUTION INC                 | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     63000 | PA      | $65300.37     | 0.00%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERATING LP                              | WESTERN MIDSTREAM OPERATING LP         | CUSIP: 958667AE7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    764000 | PA      | $807535.50    | 0.05%             | 2033-04-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| WESTLAKE FLOORING MASTER TRUST WFLOOR_24-1                  | WFLOOR_24-1A                           | CUSIP: 96043GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    825000 | PA      | $828254.54    | 0.05%             | 2028-02-15      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| WEX INC                                                     | WEX INC                                | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |     41000 | PA      | $41914.30     | 0.00%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                              | WHIRLPOOL CORPORATION                  | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8069.45      | 0.00%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                              | WHIRLPOOL CORPORATION                  | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7985.29      | 0.00%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                                         | WHITE CAP BUYER LLC                    | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    103000 | PA      | $102999.09    | 0.01%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTS                                              | WILLIAMS SCOTSMAN INC                  | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10420.44     | 0.00%             | 2031-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTS                                              | WILLIAMS SCOTSMAN INC                  | CUSIP: 96949VAM5<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |     12000 | PA      | $12275.72     | 0.00%             | 2029-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTS                                              | WILLIAMS SCOTSMAN INC                  | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30869.80     | 0.00%             | 2030-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                     | WINDSTREAM ESCROW LLC                  | CUSIP: 97381AAA0<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41467.02     | 0.00%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                     | WINDSTREAM SERVICES LLC                | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |     29000 | PA      | $28993.02     | 0.00%             | 2033-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WOLVERINE WORLD WIDE INC                                    | WOLVERINE WORLD WIDE INC               | CUSIP: 978097AG8<br>LEI: 549300OVC7PK14LQ8D87 | Long             | DBT              | CORP              | US        |     57000 | PA      | $52120.13     | 0.00%             | 2029-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE OPERATING PARTNERS LP                   | XPLR INFRASTRUCTURE OPERATING PART     | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     23000 | PA      | $24116.22     | 0.00%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE OPERATING PARTNERS LP                   | XPLR INFRASTRUCTURE OPERATING PART     | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     49000 | PA      | $51410.61     | 0.00%             | 2033-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ZF NORTH AMERICA CAPITAL INC                                | ZF NORTH AMERICA CAPITAL INC           | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |     41000 | PA      | $40601.22     | 0.00%             | 2030-04-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ZF NORTH AMERICA CAPITAL INC                                | ZF NORTH AMERICA CAPITAL INC           | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |     92000 | PA      | $88142.70     | 0.01%             | 2032-04-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ZF NORTH AMERICA CAPITAL INC                                | ZF NORTH AMERICA CAPITAL INC           | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |     44000 | PA      | $43674.10     | 0.00%             | 2031-03-24      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS INC                                  | Zimmer Biomet Holdings Inc             | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     81312 | NS      | $8009232.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOOMINFO TECHNOLOGIES LLC                                   | ZI TECH LLC/ZI FIN CORP                | CUSIP: 98981BAA0<br>LEI: 254900NOX7TLOJ3WS309 | Long             | DBT              | CORP              | US        |     99000 | PA      | $93768.31     | 0.01%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DCERT BUYER INC                                             | DIGICERT INC 2ND LN TL 7.0             | CUSIP: 000000000<br>LEI: 549300EF826JEEUCHZ67 | Long             | LON              | CORP              | US        |     12000 | PA      | $10890.00     | 0.00%             | 2029-02-19      | Variable      | 11.16%                | No            |                  2 | On Loan: No      |
| TRUIST INSURANCE HOLDINGS LLC                               | TRUIST (MCGRIFF) INS TLB 2LN 4.75      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     13036 | PA      | $13259.88     | 0.00%             | 2032-05-06      | Variable      | 8.75%                 | No            |                  2 | On Loan: No      |
| MADISON PARK FUNDING LTD MDPK_21-48A                        | MDPK_21-48A                            | CUSIP: 55821UAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    427567 | PA      | $428195.70    | 0.03%             | 2033-04-19      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| ATRIUM CDO CORP ATRM_13A                                    | ATRM_13A                               | CUSIP: 55822RAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2700000 | PA      | $2701179.90   | 0.16%             | 2030-11-21      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                    | WARNERMEDIA HOLDINGS INC               | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27504.30     | 0.00%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                    | WARNERMEDIA HOLDINGS INC               | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     15000 | PA      | $11174.11     | 0.00%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                    | WARNERMEDIA HOLDINGS INC               | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     93000 | PA      | $74196.22     | 0.00%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MARLETTE FUNDING TRUST MFT_24-1A                            | MFT_24-1A                              | CUSIP: 57108VAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1214429 | PA      | $1220160.38   | 0.07%             | 2034-07-17      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESORTS INC                              | MARRIOTT OWNERSHIP RESORTS INC         | CUSIP: 57164PAK2<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |     66000 | PA      | $65762.02     | 0.00%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                    | MARS INC                               | CUSIP: 571676AT2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1392198.80   | 0.08%             | 2028-04-20      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                    | MARS INC                               | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1826000 | PA      | $1865880.23   | 0.11%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                      | Marvell Technology Inc                 | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49591 | NS      | $4169115.37   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                                              | Mastercard Inc                         | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     16749 | NS      | $9526998.69   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MATADOR RESOURCES CO                                        | MATADOR RESOURCES CO                   | CUSIP: 576485AF3<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |     39000 | PA      | $39819.76     | 0.00%             | 2028-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                        | MATADOR RESOURCES CO                   | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |     74000 | PA      | $74848.35     | 0.00%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                        | MATADOR RESOURCES CO                   | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18114.69     | 0.00%             | 2033-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II LLC                                 | MATCH GROUP INC                        | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7976.20      | 0.00%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II LLC                                 | MATCH GROUP INC                        | CUSIP: 57665RAJ5<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     54000 | PA      | $53863.36     | 0.00%             | 2029-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II LLC                                 | MATCH GROUP INC                        | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     22000 | PA      | $21619.42     | 0.00%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II LLC                                 | MATCH GROUP HOLDINGS II LLC            | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3626.11      | 0.00%             | 2031-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION INC                                   | MCGRAW-HILL EDUCATION INC              | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30547.07     | 0.00%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                                 | CONDOR MERGER SUB INC                  | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |    145000 | PA      | $134721.30    | 0.01%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MFA TRUST MFRA_25-NQM3                                      | MFRA_25-NQM3                           | CUSIP: 58004LAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1579346 | PA      | $1587948.45   | 0.09%             | 2070-08-25      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION INC                                   | MCGRAW-HILL EDUCATION INC              | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31171.32     | 0.00%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                         | MEDLINE BORROWER LP                    | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     22000 | PA      | $22580.31     | 0.00%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CARBONE CLO LTD CRBN_17-1A                                  | CRBN_17-1A                             | CUSIP: 141312AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    654159 | PA      | $655205.77    | 0.04%             | 2031-01-20      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                               | CARNIVAL CORPORATION                   | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     48000 | PA      | $48720.07     | 0.00%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                               | CARNIVAL CORP                          | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     68000 | PA      | $69720.99     | 0.00%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                               | CARNIVAL CORP                          | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     34000 | PA      | $34733.05     | 0.00%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                               | CARNIVAL CORP                          | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     82000 | PA      | $83498.77     | 0.00%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                                         | Carrier Global Corp                    | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |    111328 | NS      | $6646281.60   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR FINANCIAL SERVICES CORP                         | CATERPILLAR FINANCIAL SERVICES         | CUSIP: 14913UAN0<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    732000 | PA      | $736537.78    | 0.04%             | 2026-10-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORP                                | SIX FLAGS ENTERTAINMENT CORP           | CUSIP: 150190AK2<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35153.89     | 0.00%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                    | CELANESE US HOLDINGS LLC               | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11254.24     | 0.00%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                    | CELANESE US HOLDINGS LLC               | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     24000 | PA      | $24944.31     | 0.00%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                    | CELANESE US HOLDINGS LLC               | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     31000 | PA      | $31207.77     | 0.00%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                    | CELANESE US HOLDINGS LLC               | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69687.66     | 0.00%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                                          | CDK GLOBAL INC                         | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11000 | PA      | $9521.52      | 0.00%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                                          | CENTRAL PARENT LLC/CDK GLOBAL II       | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     14000 | PA      | $12358.80     | 0.00%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORIES INTERNATIONAL INC                | CHARLES RIVER LABORATORIES INTL        | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24470.83     | 0.00%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORIES INTERNATIONAL INC                | CHARLES RIVER LABORATORIES INTL        | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |     39000 | PA      | $36971.13     | 0.00%             | 2029-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES                                            | CHART INDUSTRIES INC                   | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |     21000 | PA      | $21882.42     | 0.00%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING                            | CHARTER COMM OPT/OPT CAP               | CUSIP: 161175CG7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    700000 | PA      | $442588.98    | 0.03%             | 2062-06-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CHEEVER ESCROW ISSUER LLC                                   | OLYMPUS WATER US HOLDING CORP          | CUSIP: 16308NAA2<br>LEI: 254900JRWEYCJ9Z3ZP06 | Long             | DBT              | CORP              | US        |     17000 | PA      | $17310.86     | 0.00%             | 2027-10-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                  | GOEASY LTD                             | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     19000 | PA      | $19271.79     | 0.00%             | 2029-07-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                  | GOEASY LTD                             | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |      8000 | PA      | $7957.97      | 0.00%             | 2030-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                  | GOEASY LTD                             | CUSIP: 380355AN7<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |      8000 | PA      | $8070.25      | 0.00%             | 2030-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GOLDENTREE LOAN MANAGEMENT US CLO LTD GLM_21-10A            | GLM_21-10A                             | CUSIP: 38138TAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   1425000 | PA      | $1428420.00   | 0.09%             | 2037-10-20      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| GOLDENTREE LOAN MANAGEMENT US CLO 1 LTD GLM_24-19A          | GLM_24-19A                             | CUSIP: 38138WAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | JE        |   2750000 | PA      | $2759341.75   | 0.16%             | 2037-04-20      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC/THE                                 | GOLDMAN SACHS GROUP INC                | CUSIP: 38141GYB4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2628784.98   | 0.16%             | 2032-04-22      | Variable      | 2.62%                 | No            |                  2 | On Loan: No      |
| GOODLEAP HOME IMPROVEMENT SOLUTIONS TRUST GDLP_24-1         | GDLP_24-1A                             | CUSIP: 381935AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1255361 | PA      | $1271763.49   | 0.08%             | 2046-10-20      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_19-22         | GNMA_19-22                             | CUSIP: 38381RDN6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   3374502 | PA      | $421956.80    | 0.03%             | 2049-02-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_20-101        | GNMA_20-101                            | CUSIP: 38382F5U4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2506654 | PA      | $321766.61    | 0.02%             | 2050-07-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_20-77         | GNMA_20-77                             | CUSIP: 38382FAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   3294111 | PA      | $441026.08    | 0.03%             | 2049-05-20      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_21-55         | GNMA_21-55                             | CUSIP: 38382PHU9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2627575 | PA      | $359628.78    | 0.02%             | 2051-03-20      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_21-58         | GNMA_21-58                             | CUSIP: 38382RCF3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2565308 | PA      | $309029.80    | 0.02%             | 2051-04-20      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_21-66         | GNMA_21-66                             | CUSIP: 38382RE53<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   4856384 | PA      | $665495.58    | 0.04%             | 2051-04-20      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_21-74         | GNMA_21-74                             | CUSIP: 38382RHM3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   3042067 | PA      | $416357.30    | 0.02%             | 2051-04-20      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_21-98         | GNMA_21-98                             | CUSIP: 38382TC93<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2391015 | PA      | $352987.43    | 0.02%             | 2051-06-20      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_21-154        | GNMA_21-154                            | CUSIP: 38383AET7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   6042599 | PA      | $847703.50    | 0.05%             | 2051-09-20      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-28         | GNMA_24-28                             | CUSIP: 38384JAV6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2317569 | PA      | $343488.98    | 0.02%             | 2050-01-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-22         | GNMA_24-22D                            | CUSIP: 38384JF25<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   6015956 | PA      | $745539.98    | 0.04%             | 2051-08-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-22         | GNMA_24-22                             | CUSIP: 38384JJ96<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   7877393 | PA      | $1513700.24   | 0.09%             | 2052-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MMP_25-A                                                    | MMP_25-A                               | CUSIP: 55317QAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1533255 | PA      | $1544969.16   | 0.09%             | 2031-12-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                             | MADISON IAQ LLC                        | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |     76000 | PA      | $75085.88     | 0.00%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MADISON PARK FUNDING LTD MDPK_19-33A                        | MDPK_19-33A                            | CUSIP: 55819JAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   3600000 | PA      | $3604320.00   | 0.22%             | 2032-10-15      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                                    | MET TOWER GLOBAL FUNDING               | CUSIP: 58989V2H6<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |   1013000 | PA      | $1047477.31   | 0.06%             | 2029-04-12      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                                    | MET TOWER GLOBAL FUNDING               | CUSIP: 58989V2J2<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |   1067000 | PA      | $1066017.11   | 0.06%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| METLIFE SECURITIZATION TRUST MST_18-1A                      | MST_18-1A                              | CUSIP: 59166DAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    276229 | PA      | $269602.54    | 0.02%             | 2057-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                              | Microsoft Corp                         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    160595 | NS      | $83180180.25  | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECH INC                                          | Microchip Technology Inc               | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     40204 | NS      | $2581900.88   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MILL CITY MORTGAGE TRUST MCMLT_18-3                         | MCMLT_18-3                             | CUSIP: 59980XAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    327187 | PA      | $323410.76    | 0.02%             | 2058-08-25      | Variable      | 3.48%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE TRUST MCMLT_21-NMR1                      | MCMLT_21-NMR1                          | CUSIP: 59982HAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1150000 | PA      | $1050052.12   | 0.06%             | 2060-11-25      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                      | MINERVA MERGER SUB INC                 | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |     93000 | PA      | $92260.97     | 0.01%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MONGODB INC                                                 | MongoDB Inc                            | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |     13126 | NS      | $4074047.88   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                              | Morgan Stanley                         | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     64819 | NS      | $10303628.24  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                              | MORGAN STANLEY                         | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1499164.34   | 0.09%             | 2036-09-16      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                              | MORGAN STANLEY                         | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    646000 | PA      | $653025.79    | 0.04%             | 2030-10-18      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BAML TRUST MSBAM_17-C34                      | MSBAM_17-C34                           | CUSIP: 61767EAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2250000 | PA      | $2205539.33   | 0.13%             | 2052-11-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PRIVATE BANK NA                              | MORGAN STANLEY PRIVATE BANK NA         | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   1676000 | PA      | $1701415.32   | 0.10%             | 2031-07-18      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST MSRM_25-DSC2 | MSRM_25-DSC2                           | CUSIP: 61778XAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1390399 | PA      | $1404303.46   | 0.08%             | 2070-07-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST MSRM_25-NQM7 | MSRM_25-NQM7                           | CUSIP: 61779KAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2600000 | PA      | $2594316.92   | 0.15%             | 2070-09-25      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| MPOWER EDUCATION TRUST MPOWR_24-1                           | MPOWR_24-A                             | CUSIP: 62476DAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    589213 | PA      | $605802.17    | 0.04%             | 2041-07-22      | Fixed         | 6.78%                 | No            |                  2 | On Loan: No      |
| MPOWR_25-1                                                  | MPOWR_25-1                             | CUSIP: 62477DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.06%             | 2042-12-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                         | MOZART DEBT MERGER SUB INC             | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    159000 | PA      | $157681.06    | 0.01%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                              | NCR CORPORATION                        | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |     74000 | PA      | $72897.14     | 0.00%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                              | NCR CORPORATION                        | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |     31000 | PA      | $30570.65     | 0.00%             | 2029-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                         | NCL CORPORATION LTD                    | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     49000 | PA      | $50405.47     | 0.00%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                         | NCL CORPORATION LTD                    | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     60000 | PA      | $59990.00     | 0.00%             | 2031-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                         | NCL CORPORATION LTD                    | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     37000 | PA      | $37192.29     | 0.00%             | 2033-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NCL FINANCE LTD                                             | NCL FINANCE LTD                        | CUSIP: 62888HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     33000 | PA      | $33690.78     | 0.00%             | 2028-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                              | NRG ENERGY INC                         | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     21000 | PA      | $20947.62     | 0.00%             | 2029-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                              | NRG ENERGY INC                         | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     28000 | PA      | $26480.75     | 0.00%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                              | NRG ENERGY INC                         | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     22000 | PA      | $20336.92     | 0.00%             | 2031-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                              | NRG ENERGY INC                         | CUSIP: 629377CS9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6455.00      | 0.00%             | 2032-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                              | NRG ENERGY INC                         | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     41000 | PA      | $41618.42     | 0.00%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AMSTED IND INC                                              | AMSTED INDUSTRIES INCORPORATED         | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |      7000 | PA      | $7191.01      | 0.00%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST AOMT_20-R1                         | AOMT_20-R1                             | CUSIP: 034651AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    244081 | PA      | $232425.78    | 0.01%             | 2053-04-25      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST AOMT_20-6                          | AOMT_20-6                              | CUSIP: 03465AAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     87243 | PA      | $80008.04     | 0.00%             | 2065-05-25      | Variable      | 1.77%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST AOMT_20-6                          | AOMT_20-6                              | CUSIP: 03465AAD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    400000 | PA      | $329625.44    | 0.02%             | 2065-05-25      | Variable      | 2.81%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST AOMT_22-6                          | AOMT_22-6                              | CUSIP: 03465VAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3345173 | PA      | $3332698.22   | 0.20%             | 2067-07-25      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PARTNERS LP                                | ANTERO MIDSTREAM PARTNERS/FIN          | CUSIP: 03690AAK2<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |     69000 | PA      | $71091.36     | 0.00%             | 2032-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| APA CORP (US)                                               | APA CORP (US)                          | CUSIP: 03743QAT5<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |    482000 | PA      | $486086.28    | 0.03%             | 2055-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| APID_12-11A                                                 | APID_12-11A                            | CUSIP: 03763YCA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   1925000 | PA      | $1927290.75   | 0.12%             | 2034-04-17      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                   | Apple Inc                              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    251624 | NS      | $64071019.12  | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MAT INC                                             | Applied Materials Inc                  | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     60612 | NS      | $12409700.88  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHES BUYER INC                                            | ARCHES BUYER INC                       | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |     66000 | PA      | $64677.72     | 0.00%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                            | ARCHES BUYER INC                       | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    105000 | PA      | $102949.73    | 0.01%             | 2028-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP                                        | ARCHROCK PARTNERS LP/FIN CORP          | CUSIP: 03959KAA8<br>LEI: 549300YFKOM2XNCKQU76 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40057.94     | 0.00%             | 2027-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP                                        | ARCHROCK PARTNERS LP/ARCHROCK FIN      | CUSIP: 03959KAC4<br>LEI: 549300YFKOM2XNCKQU76 | Long             | DBT              | CORP              | US        |     51000 | PA      | $51076.53     | 0.00%             | 2028-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP                                        | ARCHROCK PARTNERS LP/ARCHROCK FIN      | CUSIP: 03959KAD2<br>LEI: 549300YFKOM2XNCKQU76 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30794.54     | 0.00%             | 2032-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING FINANCE PLC                          | ARDAGH METAL PACKAGING FIN/FIN PLC     | CUSIP: 03969YAB4<br>LEI: 635400FSFRHBFVPTP424 | Long             | DBT              | CORP              | IE        |    103000 | PA      | $95291.24     | 0.01%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING FINANCE PLC                          | ARDAGH METAL PACKAGING FIN/FIN PLC     | CUSIP: 03969YAC2<br>LEI: 635400FSFRHBFVPTP424 | Long             | DBT              | CORP              | IE        |     63000 | PA      | $63020.16     | 0.00%             | 2027-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                          | ARDONAGH FINCO LTD                     | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |     53000 | PA      | $55454.82     | 0.00%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE LTD                                  | ARDONAGH GROUP FINANCE LTD             | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |     72000 | PA      | $75764.49     | 0.00%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ARETEC ESCROW ISSUER INC                                    | ARETEC GROUP INC                       | CUSIP: 040133AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     98000 | PA      | $98511.60     | 0.01%             | 2029-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ARETEC ESCROW ISSUER 2 INC                                  | ARETEC GROUP INC                       | CUSIP: 04020JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $70916.66     | 0.00%             | 2030-08-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP INC.                                | ASBURY AUTOMOTIVE GROUP INC            | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |     34000 | PA      | $32979.60     | 0.00%             | 2029-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                         | AVANTOR FUNDING INC                    | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24596.16     | 0.00%             | 2028-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BASSWOOD PARK CLO LTD BARK_21-1                             | BARK_25-1A                             | CUSIP: 070252AJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   3000000 | PA      | $3002124.00   | 0.18%             | 2034-04-20      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                          | BAUSCH & LOMB ESCROW CORP              | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |     32000 | PA      | $33394.41     | 0.00%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COMPANIES INC                                 | BAUSCH HEALTH COS INC                  | CUSIP: 071734AK3<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $7806.57      | 0.00%             | 2029-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COMPANIES INC                                 | BAUSCH HEALTH COS INC                  | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |      5000 | PA      | $4478.44      | 0.00%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COSTAR GRP INC                                              | CoStar Group Inc                       | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |     11630 | NS      | $981223.10    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CROSS MORTGAGE TRUST CROSS_24-H2                            | CROSS_24-H2                            | CUSIP: 22757BAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    369192 | PA      | $373440.33    | 0.02%             | 2069-04-25      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| CROSSCOUNTRY INTERMEDIATE HOLDCO LLC                        | CROSSCOUNTRY INTERMEDIATE HOLDCO L     | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     24000 | PA      | $24076.07     | 0.00%             | 2030-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY COMPANY                                          | DTE Energy Co                          | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     84364 | NS      | $11931600.52  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                                          | DTE ENERGY COMPANY                     | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    825000 | PA      | $835581.12    | 0.05%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DARLING INGREDIENTS INC                                     | DARLING INGREDIENTS INC                | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50576.04     | 0.00%             | 2030-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                  | DAVITA INC                             | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     33000 | PA      | $34024.86     | 0.00%             | 2033-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                     | JOHN DEERE CAPITAL CORP                | CUSIP: 24422EXB0<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1129415.11   | 0.07%             | 2028-07-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DELEK LOGISTICS PARTNERS LP                                 | DELEK LOGISTICS PARTNERS LP            | CUSIP: 24665FAD4<br>LEI: 549300UVYITDIU51P724 | Long             | DBT              | CORP              | US        |     93000 | PA      | $97006.16     | 0.01%             | 2029-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| DELEK LOGISTICS PARTNERS LP                                 | DELEK LOGISTICS PARTNERS LP/DELEK      | CUSIP: 24665FAE2<br>LEI: 549300UVYITDIU51P724 | Long             | DBT              | CORP              | US        |     86000 | PA      | $87534.25     | 0.01%             | 2033-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DELL TECHNOLOGIES INC                                       | Dell Technologies Inc                  | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     83814 | NS      | $11882310.78  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAGEO INVESTMENT CORPORATION                               | DIAGEO INVESTMENT CORPORATION          | CUSIP: 25245BAC1<br>LEI: S4G8DPIPDVCF6CB81Z61 | Long             | DBT              | CORP              | US        |   2340000 | PA      | $2424694.33   | 0.14%             | 2030-08-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                               | OLYMPUS WATER US HOLDING CORP          | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     69000 | PA      | $72400.49     | 0.00%             | 2028-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY CO                                              | Walt Disney Co/The                     | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     88640 | NS      | $10149280.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| DISH NETWORK CORP                                           | DISH NETWORK CORP                      | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |     92000 | PA      | $97376.26     | 0.01%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                               | DISH DBS CORP                          | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29479.12     | 0.00%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                               | DISH DBS CORP                          | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     28000 | PA      | $26849.21     | 0.00%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                         | DOMINION ENERGY INC                    | CUSIP: 25746UDX4<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    685000 | PA      | $702101.54    | 0.04%             | 2035-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| DRIVE AUTO RECEIVABLES TRUST DRIVE_21-2                     | DRIVE_21-2                             | CUSIP: 262104AF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1118060 | PA      | $1116485.10   | 0.07%             | 2029-03-15      | Fixed         | 1.39%                 | No            |                  2 | On Loan: No      |
| DRYDEN SENIOR LOAN FUND DRSLF_18-55A                        | DRSLF_18-55A                           | CUSIP: 26245MAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    460326 | PA      | $460461.51    | 0.03%             | 2031-04-15      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                            | DUKE ENERGY CORP                       | CUSIP: 26441CBU8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1158000 | PA      | $1043405.80   | 0.06%             | 2052-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY INDIANA LLC                                     | DUKE ENERGY INDIANA LLC                | CUSIP: 26443TAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    273000 | PA      | $266603.42    | 0.02%             | 2053-04-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ELLINGTON FINANCIAL MORTGAGE TRUST EFMT_25-NQM1             | EFMT_25-NQM1                           | CUSIP: 26846CAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    854064 | PA      | $862144.00    | 0.05%             | 2070-01-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC GOLD                                            | FGOLD 30YR                             | CUSIP: 31287RQW2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7143 | PA      | $7301.60      | 0.00%             | 2032-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC GOLD                                            | FGOLD 30YR                             | CUSIP: 31287ST49<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     69550 | PA      | $72318.11     | 0.00%             | 2032-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC GOLD                                            | FGOLD 30YR                             | CUSIP: 31287YVF8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2461 | PA      | $2541.77      | 0.00%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC GOLD                                            | FGOLD 30YR                             | CUSIP: 3128KTAF7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     21414 | PA      | $22411.47     | 0.00%             | 2037-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SPGN TFLM MORTGAGE TRUST SPGN_22-TFLM                       | SPGN_22-TFLM                           | CUSIP: 78473HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3325000 | PA      | $3300440.22   | 0.20%             | 2039-02-15      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| STAR_22-SFR3                                                | STAR_22-SFR3                           | CUSIP: 78474PAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1900000 | PA      | $1902018.37   | 0.11%             | 2039-05-17      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| SANTANDER CONSUMER AUTO RECEIVABLES TRUST SCART_21-AA       | SCART_21-AA                            | CUSIP: 80282YAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     70298 | PA      | $70122.85     | 0.00%             | 2027-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| HENRY SCHEIN INC.                                           | Henry Schein Inc                       | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |     81163 | NS      | $5386788.31   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES SCHWAB CORP                                         | Charles Schwab Corp/The                | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     61326 | NS      | $5854793.22   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SCIENCE APPLICATIONS INTERNATIONAL CORP                     | SCIENCE APPLICATIONS INTERNATIONAL     | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |     31000 | PA      | $31010.67     | 0.00%             | 2033-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDINGS LP                                | SCIENTIFIC GAMES HOLDINGS LP/FINCO     | CUSIP: 80874DAA4<br>LEI: 549300W5GPFXXB6TQ330 | Long             | DBT              | CORP              | US        |    104000 | PA      | $96623.66     | 0.01%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO/THE                                   | SCOTTS MIRACLE-GRO CO/THE              | CUSIP: 810186AW6<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |     46000 | PA      | $42458.29     | 0.00%             | 2032-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO/THE                                   | SCOTTS MIRACLE-GRO CO/THE              | CUSIP: 810186AX4<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9217.72      | 0.00%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOGY PTE LTD                     | SEAGATE DATA STORAGE TECHNOLOGY PT     | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     19000 | PA      | $20125.51     | 0.00%             | 2029-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOGY PTE LTD                     | SEAGATE DATA STORAGE TECHNOLOGY PT     | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     12000 | PA      | $12730.19     | 0.00%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                                         | SELECT MEDICAL CORPORATION             | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |     61000 | PA      | $61026.84     | 0.00%             | 2032-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                     | SENSATA TECHNOLOGIES BV                | CUSIP: 81725WAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |     43000 | PA      | $43313.85     | 0.00%             | 2030-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                    | SERVICE PROPERTIES TRUST               | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     26000 | PA      | $27683.16     | 0.00%             | 2031-11-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                    | SERVICE PROPERTIES TRUST               | CUSIP: 81761LAD4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15229.89     | 0.00%             | 2029-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS COMPANY (THE)                              | Sherwin-Williams Co/The                | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      4502 | NS      | $1558862.52   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIFT4 PAYMENTS LLC                                         | SHIFT4 PAYMENTS LLC/SHIFT4 FIN SUB     | CUSIP: 82453AAB3<br>LEI: 254900GTEMR7L40VPI74 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56848.24     | 0.00%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SIMMONS FOODS INC                                           | SIMMONS FOODS INC/SIMMONS PREP         | CUSIP: 82873MAA1<br>LEI: 5493002Z1TVWRIL6NM97 | Long             | DBT              | CORP              | US        |     49000 | PA      | $47025.21     | 0.00%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                         | SIRIUS XM RADIO INC                    | CUSIP: 82967NBA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     21000 | PA      | $20901.56     | 0.00%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                    | SNAP INC                               | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     56000 | PA      | $56753.27     | 0.00%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY GAS CAPITAL CORPORATION                    | SOUTHERN COMPANY GAS CAPITAL CORPO     | CUSIP: 8426EPAJ7<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |    520000 | PA      | $519441.48    | 0.03%             | 2028-09-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| SPIRIT AROSYSTMS                                            | SPIRIT AEROSYSTEMS INC                 | CUSIP: 85205TAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     24000 | PA      | $25285.95     | 0.00%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| SPIRIT AROSYSTMS                                            | SPIRIT AEROSYSTEMS INC                 | CUSIP: 85205TAR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11000 | PA      | $12098.28     | 0.00%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                   | Block Inc                              | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     60007 | NS      | $4336705.89   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                                                   | BLOCK INC                              | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     69000 | PA      | $71453.35     | 0.00%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                   | BLOCK INC                              | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     32000 | PA      | $32412.83     | 0.00%             | 2030-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                   | BLOCK INC                              | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25611.56     | 0.00%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC                             | STANDARD BUILDING SOLUTIONS INC        | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36960.55     | 0.00%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC                             | STANDARD BUILDING SOLUTIONS INC        | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19264.00     | 0.00%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC                             | STANDARD INDUSTRIES INC                | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     46000 | PA      | $45621.54     | 0.00%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| STANLEY BLACK & DECKER INC                                  | Stanley Black & Decker Inc             | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     64551 | NS      | $4798075.83   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| STAR PARENT INC                                             | SYNEOS HEALTH INC                      | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |     98000 | PA      | $103799.30    | 0.01%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                              | Starbucks Corp                         | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     72626 | NS      | $6144159.60   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| STARWOOD MORTGAGE RESIDENTIAL STAR_19-INV1                  | STAR_19-INV1                           | CUSIP: 85572JAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    126352 | PA      | $125011.57    | 0.01%             | 2049-09-27      | Variable      | 2.92%                 | No            |                  2 | On Loan: No      |
| STARWOOD MORTGAGE RESIDENTIAL TRUST STAR_20-INV1            | STAR_20-INV1                           | CUSIP: 85573EAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     56613 | PA      | $54508.27     | 0.00%             | 2055-11-25      | Variable      | 1.59%                 | No            |                  2 | On Loan: No      |
| STARWOOD MORTGAGE RESIDENTIAL TRUST STAR_21-4               | STAR_21-4                              | CUSIP: 85573PAD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    525000 | PA      | $403682.90    | 0.02%             | 2056-08-25      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                   | SUNOCO LP                              | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     38000 | PA      | $39906.20     | 0.00%             | 2032-05-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                   | SUNOCO LP                              | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60046.55     | 0.00%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                   | SUNOCO LP                              | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     39000 | PA      | $39694.81     | 0.00%             | N/A             | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                   | SUNOCO LP                              | CUSIP: 86765LAZ0<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     29000 | PA      | $27963.66     | 0.00%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS INC                                 | SURGERY CENTER HOLDINGS INC            | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71965.47     | 0.00%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                          | AG ISSUER LLC                          | CUSIP: 00119LAA9<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     41000 | PA      | $41082.36     | 0.00%             | 2028-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SYNAPTICS INC                                               | SYNAPTICS INCORPORATED                 | CUSIP: 87157DAG4<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |     16000 | PA      | $15319.53     | 0.00%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                       | ELLUCIAN HOLDINGS INC TL 5.0           | CUSIP: 000000000<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |     20000 | PA      | $20416.60     | 0.00%             | 2032-11-22      | Variable      | 8.91%                 | No            |                  2 | On Loan: No      |
| ASCEND LEARNING LLC                                         | ASCEND LEARNING LLC TLB 3.0            | CUSIP: 000000000<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |     52433 | PA      | $52356.46     | 0.00%             | 2028-12-11      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                                             | HANESBRANDS INC TLB 2.75               | CUSIP: 000000000<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | LON              | CORP              | US        |      6418 | PA      | $6433.78      | 0.00%             | 2032-03-07      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                    | US 5YR NOTE DEC 25                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |       497 | NC      | $3860.96      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AON PLC                                                     | Aon PLC                                | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |     31321 | NS      | $11168442.18  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| A&D MORTGAGE TRUST 2025-NQM1 ADMT_25-NQM3                   | ADMT_25-NQM3                           | CUSIP: 00250FAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2389864 | PA      | $2408851.33   | 0.14%             | 2070-08-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP LTD                                   | AMERICAN AIRLINES/AADVANTAGE           | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     70290 | PA      | $70571.79     | 0.00%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                                         | Abbott Laboratories                    | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     97071 | NS      | $13001689.74  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                                                  | AbbVie Inc                             | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     35320 | NS      | $8177992.80   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                                                  | ABBVIE INC                             | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1232000 | PA      | $1188343.30   | 0.07%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                  | ABBVIE INC                             | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   4131000 | PA      | $4223524.66   | 0.25%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| EATON CORPORATION PLC                                       | Eaton Corp PLC                         | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     19778 | NS      | $7401916.50   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| TE CONNECTIVITY PLC                                         | TE Connectivity PLC                    | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     52357 | NS      | $11493932.21  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                    | US 2YR NOTE DEC 25                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |      -198 | NC      | $8904.86      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                    | US 10YR NOTE DEC 25                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |       581 | NC      | $189536.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                    | US 10YR NOTE DEC 25                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |        45 | NC      | $-43668.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                    | US LONG BOND DEC 25                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |        39 | NC      | $113877.07    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                    | US LONG BOND DEC 25                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |        41 | NC      | $-24750.18    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                    | US ULTRA T-BOND DEC 25                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |       122 | NC      | $436422.79    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| A&D MTG TR ADMT_25-NQM4                                     | ADMT_25-NQM4                           | CUSIP: 002941AA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2460000 | PA      | $2461777.35   | 0.15%             | 2070-10-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                    | ACADIA HEALTHCARE COMPANY INC          | CUSIP: 00404AAN9<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     58000 | PA      | $57530.08     | 0.00%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                    | ACADIA HEALTHCARE COMPANY INC          | CUSIP: 00404AAP4<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29442.16     | 0.00%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                    | ACADIA HEALTHCARE CO INC               | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     47000 | PA      | $48838.28     | 0.00%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                    | US ULTRA T-BOND DEC 25                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |        73 | NC      | $-96689.79    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ACRISURE LLC                                                | ACRISURE LLC / ACRISURE FINANCE        | CUSIP: 00489LAH6<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |     31000 | PA      | $30705.94     | 0.00%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                                | ACRISURE LLC                           | CUSIP: 00489LAK9<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20877.61     | 0.00%             | 2029-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                                | ACRISURE LLC                           | CUSIP: 00489LAL7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31266.31     | 0.00%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                                | ACRISURE LLC / ACRISURE FINANCE IN     | CUSIP: 004961AA6<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |     21000 | PA      | $21643.95     | 0.00%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS INC                                      | ADVANCE AUTO PARTS INC                 | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19568.78     | 0.00%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                           | ALLIANT HOLDINGS INTERMEDIATE LLC      | CUSIP: 01883LAH6<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |     61000 | PA      | $63003.18     | 0.00%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| UMBS                                                        | UMBS  15YR TBA(REG B)                  | CUSIP: 01F0304A3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1825000 | PA      | $1747980.64   | 0.10%             | 2040-10-16      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS                                                        | UMBS  30YR TBA(REG A)                  | CUSIP: 01F0306A1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  16000000 | PA      | $14051218.72  | 0.84%             | 2055-10-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS                                                        | UMBS  15YR TBA(REG B)                  | CUSIP: 01F0324A9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   4600000 | PA      | $4456133.48   | 0.27%             | 2040-10-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS                                                        | UMBS  30YR TBA(REG A)                  | CUSIP: 01F0326A7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   8000000 | PA      | $7308169.52   | 0.44%             | 2055-10-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS                                                        | UMBS  15YR TBA(REG B)                  | CUSIP: 01F0404A2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1000000 | PA      | $983394.69    | 0.06%             | 2040-10-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UMBS                                                        | UMBS  30YR TBA(REG A)                  | CUSIP: 01F0406A0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1400000 | PA      | $1319307.44   | 0.08%             | 2055-10-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UMBS                                                        | UMBS  30YR TBA(REG A)                  | CUSIP: 01F0426A6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   8800000 | PA      | $8534749.08   | 0.51%             | 2055-10-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UMBS                                                        | UMBS  30YR TBA(REG A)                  | CUSIP: 01F0526A5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  10000000 | PA      | $10082379.70  | 0.60%             | 2025-10-14      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                          | ALLY FINANCIAL INC                     | CUSIP: 02005NBY5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5998.52      | 0.00%             | 2040-01-17      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                        | ALPHA GENERATION LLC                   | CUSIP: 02073LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30997.70     | 0.00%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                | Alphabet Inc                           | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    111108 | NS      | $27060353.40  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                                                | Alphabet Inc                           | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    124224 | NS      | $30198854.40  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCE AUTO PARTS INC                                      | ADVANCE AUTO PARTS INC                 | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20626.59     | 0.00%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                          | OSAIC HOLDINGS INC                     | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     42000 | PA      | $43327.06     | 0.00%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                              | Amazon.com Inc                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    218931 | NS      | $48070679.67  | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| AMENTUM HOLDINGS INC                                        | AMENTUM HOLDINGS INC                   | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |     61000 | PA      | $63377.99     | 0.00%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                          | OSAIC HOLDINGS INC                     | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     59000 | PA      | $61170.54     | 0.00%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST AFFRM_24-X2               | AFFRM_24-X2                            | CUSIP: 00833QAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    342462 | PA      | $342906.23    | 0.02%             | 2029-12-17      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES                                           | AMERICAN AIRLINES INC TLB 3.25         | CUSIP: 02376CBT1<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |      8978 | PA      | $9011.17      | 0.00%             | 2032-05-28      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES                                           | AMERICAN AIRLINES INC                  | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |     59000 | PA      | $61548.12     | 0.00%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MANUFACTURING INC                           | AMERICAN AXLE & MANUFACTURING INC      | CUSIP: 02406PBB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     31000 | PA      | $29454.06     | 0.00%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MANUFACTURING INC                           | AMERICAN AXLE & MANUFACTURING INC      | CUSIP: 02406PBC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     24000 | PA      | $23958.91     | 0.00%             | 2032-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST AFFRM_24-A                | AFFRM_24-A                             | CUSIP: 00834BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1606568.00   | 0.10%             | 2029-02-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST AFFRM_24-A                | AFFRM_24-A                             | CUSIP: 00834BAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4125000 | PA      | $4141933.13   | 0.25%             | 2029-02-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MANUFACTURING INC                           | AMERICAN AXLE & MANUFACTURING INC      | CUSIP: 02406PBD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     68000 | PA      | $68534.45     | 0.00%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN BUILDERS & CONTRACTORS SUPPLY C                    | ABC SUPPLY CO INC                      | CUSIP: 024747AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     54000 | PA      | $51207.78     | 0.00%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST ACAR_23-3      | ACAR_23-3                              | CUSIP: 02530EAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1011126 | PA      | $1017594.56   | 0.06%             | 2029-10-12      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                    | American Express Co                    | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     30187 | NS      | $10026913.92  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                                         | American Tower Corp                    | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     29499 | NS      | $5673247.68   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIGAS PARTNERS LP                                        | AMERIGAS PARTNERS LP/AMERIGAS FINA     | CUSIP: 030981AP9<br>LEI: H36E1IF6YS0OBMHM6168 | Long             | DBT              | CORP              | US        |     48000 | PA      | $50267.89     | 0.00%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST AFFRM_24-B                | AFFRM_24-B                             | CUSIP: 00835AAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1505559.90   | 0.09%             | 2029-09-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AGILENT TECH INC                                            | Agilent Technologies Inc               | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     44266 | NS      | $5681541.10   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                                                   | AMGEN INC                              | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1284547.46   | 0.08%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                            | AMWINS GROUP INC                       | CUSIP: 031921AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50985.61     | 0.00%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                         | AVANTOR FUNDING INC                    | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |     65000 | PA      | $61847.33     | 0.00%             | 2029-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                                 | AVIENT CORP                            | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |     23000 | PA      | $23355.04     | 0.00%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENTAL LLC                                  | AVIS BUDGET CAR RENTAL LLC             | CUSIP: 053773BH9<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |     41000 | PA      | $42373.45     | 0.00%             | 2031-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENTAL LLC                                  | AVIS BUDGET CAR RENTAL/AVIS BUDGET     | CUSIP: 053773BJ5<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |     22000 | PA      | $22815.13     | 0.00%             | 2030-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENTAL LLC                                  | AVIS BUDGET CAR RENTAL LLC/AVIS BU     | CUSIP: 053773BK2<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |     23000 | PA      | $24096.43     | 0.00%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_21-1A                  | AESOP_21-1A                            | CUSIP: 05377REH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3923283.60   | 0.23%             | 2027-08-20      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS LLC                                  | AXALTA COATING SYSTEMS LLC             | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |     24000 | PA      | $22760.35     | 0.00%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS LLC                                  | AXALTA COATING SYSTEMS/HOLDING BV      | CUSIP: 05454NAA7<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34837.03     | 0.00%             | 2027-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                         | AXON ENTERPRISE INC                    | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |      7000 | PA      | $7196.28      | 0.00%             | 2030-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                             | BAE SYSTEMS PLC                        | CUSIP: 05523RAF4<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    580000 | PA      | $510182.62    | 0.03%             | 2031-02-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                             | BAE SYSTEMS PLC                        | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    803000 | PA      | $826988.34    | 0.05%             | 2029-03-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                         | LBM ACQUISITION LLC                    | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23152.57     | 0.00%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BX TRUST BX_23-LIFE                                         | BX_23-LIFE                             | CUSIP: 05609DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1175000 | PA      | $1162548.31   | 0.07%             | 2028-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-PAC                      | BX_21-PAC                              | CUSIP: 05609PAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2175000 | PA      | $2166842.23   | 0.13%             | 2036-10-15      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO LTD BCC_19-1A                       | BCC_19-1A                              | CUSIP: 05683VBA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1350000 | PA      | $1351931.85   | 0.08%             | 2034-04-19      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                        | Bank of America Corp                   | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    417123 | NS      | $21519375.57  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                                        | BANK OF AMERICA CORP                   | CUSIP: 06051GKK4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5680000 | PA      | $5171916.96   | 0.31%             | 2033-02-04      | Variable      | 2.97%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD                                                 | BACARDI LTD                            | CUSIP: 067316AF6<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |    241000 | PA      | $242869.58    | 0.01%             | 2028-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD                                                 | BACARDI LTD                            | CUSIP: 067316AG4<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |   3500000 | PA      | $3308974.27   | 0.20%             | 2038-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COMPANIES INC                                 | BAUSCH HEALTH COS INC                  | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     11000 | PA      | $11476.17     | 0.00%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                                          | BAYTEX ENERGY CORP                     | CUSIP: 07317QAJ4<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |     29000 | PA      | $29840.05     | 0.00%             | 2030-04-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                                          | BAYTEX ENERGY CORP                     | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |     14000 | PA      | $13715.26     | 0.00%             | 2032-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BAYVIEW OPPORTUNITY MASTER FUND VII BVCLN_24-CAR1           | BVCLN_24-CAR1                          | CUSIP: 07336QAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    115868 | PA      | $116198.75    | 0.01%             | 2031-12-26      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| BAYVIEW OPPORTUNITY MASTER FUND VII BVCLN_24-CAR1           | BVCLN_24-CAR1                          | CUSIP: 07336QAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    115868 | PA      | $116308.78    | 0.01%             | 2031-12-26      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO LLC                                 | BEACH ACQUISITION BIDCO LLC            | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |     69000 | PA      | $74531.08     | 0.00%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                       | BELRON UK FINANCE PLC                  | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |     15000 | PA      | $15193.67     | 0.00%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BLACKROCK INC                                               | Blackrock Inc                          | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |     14929 | NS      | $17405273.23  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO                                                   | Boeing Co/The                          | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     58672 | NS      | $12663177.76  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO                                                   | BOEING CO                              | CUSIP: 097023CR4<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    808000 | PA      | $580158.02    | 0.03%             | 2059-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                   | BOEING CO                              | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1505000 | PA      | $1535982.50   | 0.09%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| BOSTON SCIENTIFIC CORP                                      | Boston Scientific Corp                 | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     47755 | NS      | $4662320.65   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BOYD GAMING CORP                                            | BOYD GAMING CORPORATION                | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7968.91      | 0.00%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                                               | BOYNE USA INC                          | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     53000 | PA      | $52003.07     | 0.00%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS AMERICA INC                              | BP CAPITAL MARKETS AMERICA INC         | CUSIP: 10373QBS8<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    840000 | PA      | $546844.90    | 0.03%             | 2052-03-17      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS AMERICA INC                              | BP CAPITAL MARKETS AMERICA INC         | CUSIP: 10373QBY5<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1734584.42   | 0.10%             | 2027-11-17      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_23-NQM8               | BRAVO_23-NQM8                          | CUSIP: 10567MAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    371128 | PA      | $375260.94    | 0.02%             | 2063-10-25      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_20-RPL1               | BRAVO_20-RPL1                          | CUSIP: 10568YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    207820 | PA      | $204254.35    | 0.01%             | 2059-05-26      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_20-NQM1               | BRAVO_20-NQM1                          | CUSIP: 105699AA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     71403 | PA      | $69575.35     | 0.00%             | 2060-05-25      | Variable      | 1.45%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_21-NQM2               | BRAVO_21-NQM2                          | CUSIP: 10569EAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     91598 | PA      | $89487.35     | 0.01%             | 2060-03-25      | Variable      | 1.44%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_21-NQM2               | BRAVO_21-NQM2                          | CUSIP: 10569EAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    425000 | PA      | $394128.60    | 0.02%             | 2060-03-25      | Variable      | 3.04%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_22-NQM3               | BRAVO_22-NQM3                          | CUSIP: 10569JAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    725159 | PA      | $736007.93    | 0.04%             | 2062-07-25      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_24-NQM2               | BRAVO_24-NQM2                          | CUSIP: 10569KAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    978518 | PA      | $990739.61    | 0.06%             | 2064-02-25      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_24-NQM3               | BRAVO_24-NQM3                          | CUSIP: 10569LAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1351486 | PA      | $1368690.49   | 0.08%             | 2064-03-25      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_21-NQM1               | BRAVO_21-NQM1                          | CUSIP: 10569TAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    626435 | PA      | $585498.09    | 0.03%             | 2049-02-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_21-NQM1               | BRAVO_21-NQM1                          | CUSIP: 10569TAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    255216 | PA      | $239781.06    | 0.01%             | 2049-02-25      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                | Broadcom Inc                           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     81136 | NS      | $26767577.76  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                                                | BROADCOM INC                           | CUSIP: 11135FBQ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1774000 | PA      | $1514391.40   | 0.09%             | 2036-11-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                | BROADCOM INC                           | CUSIP: 11135FCE9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    808000 | PA      | $822962.04    | 0.05%             | 2028-04-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS GROUP LLC                              | BROADSTREET PARTNERS INC               | CUSIP: 11135RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     93000 | PA      | $92773.00     | 0.01%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                            | CCO HOLDINGS LLC/CAP CORP              | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $54656.12     | 0.00%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                            | CCO HOLDINGS LLC/CAP CORP              | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     62000 | PA      | $61424.74     | 0.00%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                            | CCO HOLDINGS LLC/CAP CORP              | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    131000 | PA      | $125714.15    | 0.01%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                            | CCO HOLDINGS LLC/CAP CORP              | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    144000 | PA      | $136011.76    | 0.01%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                            | CCO HOLDINGS LLC/CCO HOLDINGS CAP      | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     57000 | PA      | $51880.23     | 0.00%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                            | CCO HOLDINGS LLC/CAP CORP              | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     56000 | PA      | $51797.52     | 0.00%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                         | CDI ESCROW ISSUER INC                  | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15000.00     | 0.00%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CD&R SMOKEY BUYER INC                                       | CD&R SMOKEY BUYER INC                  | CUSIP: 12515KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     78000 | PA      | $61454.47     | 0.00%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CASCADE FUNDING MORTGAGE TRUST CFMT_21-GRN1                 | CFMT_21-GRN1                           | CUSIP: 12529KAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    109055 | PA      | $108512.98    | 0.01%             | 2041-03-20      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                            | CHS/COMMUNITY HEALTH SYSTEMS INC       | CUSIP: 12543DBJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     39000 | PA      | $31013.18     | 0.00%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                            | CHS/COMMUNITY HEALTH SYSTEMS INC       | CUSIP: 12543DBM1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $63352.11     | 0.00%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                            | CHS/COMMUNITY HEALTH SYSTEMS INC       | CUSIP: 12543DBN9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     19000 | PA      | $20131.18     | 0.00%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| CIGNA GROUP                                                 | Cigna Group/The                        | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     18754 | NS      | $5405840.50   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CHNGE MORTGAGE TRUST CHNGE_22-NQM1                          | CHNGE_22-NQM1                          | CUSIP: 12569CAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    602742 | PA      | $604695.88    | 0.04%             | 2067-06-25      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| CSMC_19-AFC1                                                | CSMC_19-AFC1                           | CUSIP: 12596XAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    274635 | PA      | $266687.67    | 0.02%             | 2049-07-25      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                          | CP ATLAS BUYER INC                     | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |     22000 | PA      | $23136.41     | 0.00%             | 2030-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                            | CSC HOLDINGS LLC                       | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8546.54      | 0.00%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                            | CSC HOLDINGS LLC                       | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     18000 | PA      | $15840.00     | 0.00%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                            | CSC HOLDINGS LLC                       | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     86000 | PA      | $63526.19     | 0.00%             | 2029-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                            | CSC HOLDINGS LLC                       | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     43000 | PA      | $16376.90     | 0.00%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                            | CSC HOLDINGS LLC                       | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     12000 | PA      | $7860.89      | 0.00%             | 2030-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                            | CSC HOLDINGS LLC                       | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     52000 | PA      | $33578.66     | 0.00%             | 2031-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST CSMC_20-RPL4                   | CSMC_20-RPL4                           | CUSIP: 126405AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    468072 | PA      | $424010.58    | 0.03%             | 2060-01-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST CSMC_21-NQM1                   | CSMC_21-NQM1                           | CUSIP: 126407AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    142508 | PA      | $130544.44    | 0.01%             | 2065-05-25      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST CSMC_21-NQM1                   | CSMC_21-NQM1                           | CUSIP: 126407AD7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    175000 | PA      | $140393.58    | 0.01%             | 2065-05-25      | Variable      | 2.13%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                          | CNX RESOURCES CORP                     | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |     51000 | PA      | $51144.35     | 0.00%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                          | CNX RESOURCES CORP                     | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8275.55      | 0.00%             | 2031-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                          | CNX RESOURCES CORP                     | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |     32000 | PA      | $33218.98     | 0.00%             | 2032-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CNX MIDSTREAM PARTNERS LP                                   | CNX MIDSTREAM PARTNERS LP              | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $71905.62     | 0.00%             | 2030-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE COMMERCIAL MORTGAGE TRUST CSMC_18-RPL9        | CSMC_18-RPL9                           | CUSIP: 12654PAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1109269 | PA      | $1071547.44   | 0.06%             | 2057-09-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                          | CLEAR CHANNEL OUTDOOR HOLDINGS INC     | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     59000 | PA      | $61959.04     | 0.00%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                          | CLEAR CHANNEL OUTDOOR HOLDINGS INC     | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     39000 | PA      | $40363.75     | 0.00%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                          | CLEAR CHANNEL OUTDOOR HOLDINGS INC     | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     39000 | PA      | $40821.52     | 0.00%             | 2033-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OPERATING LLC                               | CLEARWAY ENERGY OPERATING LLC          | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |     59000 | PA      | $58267.97     | 0.00%             | 2028-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OPERATING LLC                               | CLEARWAY ENERGY OPERATING LLC          | CUSIP: 18539UAD7<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    117000 | PA      | $107408.15    | 0.01%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OPERATING LLC                               | CLEARWAY ENERGY OPERATING LLC          | CUSIP: 18539UAE5<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |     16000 | PA      | $14389.80     | 0.00%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                        | CLEVELAND-CLIFFS INC                   | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |      7000 | PA      | $7077.03      | 0.00%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                        | CLEVELAND-CLIFFS INC                   | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11217.66     | 0.00%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                        | CLEVELAND-CLIFFS INC                   | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6123.89      | 0.00%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                    | CLOUD SOFTWARE GROUP INC               | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    144000 | PA      | $149224.35    | 0.01%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                    | CLOUD SOFTWARE GROUP INC               | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     74000 | PA      | $78544.76     | 0.00%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                         | NOVOLEX                                | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30367.05     | 0.00%             | 2029-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                         | CLYDESDALE ACQUISITION HOLDINGS        | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     81000 | PA      | $83210.16     | 0.00%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                         | CLYDESDALE ACQUISITION HOLDINGS IN     | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20542.41     | 0.00%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                             | COLGATE ENERGY PARTNERS III LLC        | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     81000 | PA      | $81028.90     | 0.00%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS LLC CASL_24-A                     | CASL_24-A                              | CUSIP: 19424RAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3396974 | PA      | $3450624.89   | 0.21%             | 2054-06-25      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_22-4                          | COLT_22-4                              | CUSIP: 19685GAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1424038 | PA      | $1432529.30   | 0.09%             | 2067-03-25      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_22-1                          | COLT_22-1                              | CUSIP: 19688HAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1642075 | PA      | $1513345.70   | 0.09%             | 2066-12-27      | Variable      | 2.28%                 | No            |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_24-1                          | COLT_24-1                              | CUSIP: 19688TAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    988848 | PA      | $997477.19    | 0.06%             | 2069-02-25      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_25-7                          | COLT_25-7                              | CUSIP: 19689CAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4987882 | PA      | $5034558.36   | 0.30%             | 2070-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND                               | COLUMBIA SHORT TERM CASH FUND          | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  58661793 | NS      | $58644194.38  | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                                         | COMCAST CORPORATION                    | CUSIP: 20030NBS9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    562000 | PA      | $559655.13    | 0.03%             | 2026-03-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNATIONAL I                            | COMPASS MINERALS INTERNATIONAL INC     | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |     21000 | PA      | $21973.00     | 0.00%             | 2030-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RES INC                                            | COMSTOCK RESOURCES INC                 | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |     36000 | PA      | $35941.08     | 0.00%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CONCENTRA ESCROW ISSUER CORP                                | CONCENTRA ESCROW ISSUER CORP           | CUSIP: 20600DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     39000 | PA      | $40540.92     | 0.00%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE - CAS CAS 22-R04                                 | CAS_22-R04                             | CUSIP: 20753YCK6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    975000 | PA      | $1001564.75   | 0.06%             | 2042-03-25      | Variable      | 7.46%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS                                              | ConocoPhillips                         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    103337 | NS      | $9774646.83   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION BRANDS INC                                    | CONSTELLATION BRANDS INC               | CUSIP: 21036PBE7<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    612000 | PA      | $587262.55    | 0.04%             | 2029-08-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE (FRANCE)                                     | CONSTELLIUM SE                         | CUSIP: 21039CAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |     25000 | PA      | $24946.87     | 0.00%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE (FRANCE)                                     | CONSTELLIUM SE                         | CUSIP: 21039CAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |     32000 | PA      | $30436.48     | 0.00%             | 2029-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE (FRANCE)                                     | CONSTELLIUM SE                         | CUSIP: 21039CAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |     22000 | PA      | $22482.24     | 0.00%             | 2032-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| COOPER COMPANIES INC                                        | Cooper Cos Inc/The                     | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |     76537 | NS      | $5247376.72   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| EMRLD BORROWER LP                                           | EMRLD BORROWER LP                      | CUSIP: 26873CAB8<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20784.76     | 0.00%             | 2031-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                                           | EOG Resources Inc                      | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     69991 | NS      | $7847390.92   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ERAC USA FINANCE LLC                                        | ERAC USA FINANCE LLC                   | CUSIP: 26882PBE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    725000 | PA      | $845497.84    | 0.05%             | 2037-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                             | EARTHSTONE ENERGY HOLDINGS LLC         | CUSIP: 27034RAA1<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19317.13     | 0.00%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EBAY INC                                                    | eBay Inc                               | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |    103518 | NS      | $9414962.10   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AJAX MORTGAGE LOAN TRUST AJAXM_21-A                         | AJAXM_21-A                             | CUSIP: 00971AAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1625483 | PA      | $1469350.89   | 0.09%             | 2065-09-25      | Variable      | 1.06%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                    | ALBERTSONS COMPANIES LLC/SAFEWAY       | CUSIP: 013092AB7<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24997.98     | 0.00%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                               | ECHOSTAR CORP                          | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    134611 | PA      | $148107.65    | 0.01%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| EDISON INTL                                                 | EDISON INTERNATIONAL                   | CUSIP: 281020AY3<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    834000 | PA      | $840479.96    | 0.05%             | 2028-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ELECTRONIC ARTS INC                                         | Electronic Arts Inc                    | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |    101874 | NS      | $20547985.80  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEMENT SOLUTIONS INC                                       | ELEMENT SOLUTIONS INC                  | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |     21000 | PA      | $20380.28     | 0.00%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                           | EMERALD DEBT MERGER SUB LLC            | CUSIP: 29103CAA6<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |    102000 | PA      | $104934.92    | 0.01%             | 2030-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                | ENBRIDGE INC                           | CUSIP: 29250NCA1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1160000 | PA      | $1178093.54   | 0.07%             | 2027-04-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                | ENTEGRIS ESCROW CORP                   | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    101000 | PA      | $102429.28    | 0.01%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                                 | Equinix Inc                            | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      7791 | NS      | $6102222.84   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                    | ALBERTSONS COMPANIES LLC/SAFEWAY       | CUSIP: 013092AG6<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |     46000 | PA      | $43731.80     | 0.00%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING BV                                  | ALCOA NEDERLAND HOLDING BV             | CUSIP: 013822AH4<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |     13000 | PA      | $13643.50     | 0.00%             | 2031-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ESAB CORP                                                   | ESAB CORP                              | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16443.30     | 0.00%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_24-3               | EART_24-3A                             | CUSIP: 30165AAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     39983 | PA      | $40045.05     | 0.00%             | 2027-12-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_21-3               | EART_21-3A                             | CUSIP: 30166AAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1952114 | PA      | $1928940.60   | 0.12%             | 2027-06-15      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                          | Meta Platforms Inc                     | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     46703 | NS      | $34297749.14  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIR ISAAC CORP                                             | FAIR ISAAC CORP                        | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35565.69     | 0.00%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC GOLD                                            | FGOLD 30YR GIANT                       | CUSIP: 31283HR72<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7143 | PA      | $7464.62      | 0.00%             | 2032-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC GOLD                                            | FGOLD 30YR GIANT                       | CUSIP: 3128M5R93<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    114067 | PA      | $118409.68    | 0.01%             | 2038-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                      | FHLMC 15YR UMBS MIRROR                 | CUSIP: 3131XDG82<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    337216 | PA      | $328355.30    | 0.02%             | 2033-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC FHLMC_326                                       | FHLMC_326                              | CUSIP: 31325VB94<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   3782419 | PA      | $400839.39    | 0.02%             | 2044-03-15      | Variable      | 1.46%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                      | FHLMC 30YR UMBS SUPER                  | CUSIP: 3132DTMA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3818627 | PA      | $3492201.34   | 0.21%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                      | FHLMC 30YR UMBS SUPER                  | CUSIP: 3132DTPP9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  12914199 | PA      | $12274134.66  | 0.73%             | 2052-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                      | FHLMC 30YR UMBS SUPER                  | CUSIP: 3132DUT56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4251720 | PA      | $4148884.17   | 0.25%             | 2054-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                     | ALLEGHENY TECHNOLOGIES INC             | CUSIP: 01741RAL6<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |     21000 | PA      | $20639.98     | 0.00%             | 2029-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                     | ALLEGHENY TECHNOLOGIES INC             | CUSIP: 01741RAM4<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |     33000 | PA      | $32484.14     | 0.00%             | 2031-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                      | FHLMC 30YR UMBS SUPER                  | CUSIP: 3132DUY35<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3084246 | PA      | $3087851.52   | 0.18%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                      | FHLMC 30YR UMBS SUPER                  | CUSIP: 3132DWDY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   8625840 | PA      | $7293516.53   | 0.44%             | 2052-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC GOLD                                            | FHLMC GOLD 30YR                        | CUSIP: 3132JBN33<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    102884 | PA      | $94687.69     | 0.01%             | 2043-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                      | FHLMC 30YR UMBS                        | CUSIP: 3133KNB44<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4075442 | PA      | $3451670.46   | 0.21%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                      | FHLMC 30YR UMBS                        | CUSIP: 3133KPJ74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3833159 | PA      | $3736390.38   | 0.22%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FANNIEMAE-ACES FNMA_17-76                                   | FNMA_17-76                             | CUSIP: 3136AX4N2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2953361 | PA      | $392957.74    | 0.02%             | 2057-10-25      | Variable      | 1.63%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_24-6             | FNMA_24-6                              | CUSIP: 3136BQ2R9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   5377206 | PA      | $623341.30    | 0.04%             | 2049-09-25      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS FNMA_23-50                                | FNMA_23-50                             | CUSIP: 3136BQLR8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   3454557 | PA      | $345137.86    | 0.02%             | 2049-07-25      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                           | ALLIANT HLDS INTERMED/ALLIANT HLDS     | CUSIP: 01883LAA1<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59143.80     | 0.00%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                           | ALLIANT HLDS INTERMED/ALLIANT HLDS     | CUSIP: 01883LAD5<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |     31000 | PA      | $30844.06     | 0.00%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_24-87            | FNMA_24-87                             | CUSIP: 3136BTB51<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2997351 | PA      | $3020041.17   | 0.18%             | 2054-12-25      | Variable      | 5.76%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_24-74                                       | FNMA_24-74                             | CUSIP: 3136BTFD0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   5096454 | PA      | $504510.74    | 0.03%             | 2054-09-25      | Variable      | 1.64%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                           | ALLIANT HLDS INTERMED/ALLIANT HLDS     | CUSIP: 01883LAE3<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |     32000 | PA      | $32533.27     | 0.00%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                           | ALLIANT HLDS INTERMED/ALLIANT HLDS     | CUSIP: 01883LAF0<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103351.55    | 0.01%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_25-6             | FNMA_25-6                              | CUSIP: 3136BU3V0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   5418899 | PA      | $5462609.32   | 0.33%             | 2055-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_25-4             | FNMA_25-4                              | CUSIP: 3136BUS35<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   3162899 | PA      | $3167928.98   | 0.19%             | 2054-07-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                           | ALLIANT HOLDINGS INTERMEDIATE LLC      | CUSIP: 01883LAG8<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15362.32     | 0.00%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PRIMO WATER HOLDINGS INC                                    | PRIMO WATER HOLDINGS INC               | CUSIP: 74168RAB9<br>LEI: 9845008F9A5F2E1D4832 | Long             | DBT              | CORP              | US        |     38000 | PA      | $36844.91     | 0.00%             | 2029-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_25-10            | FNMA_25-10                             | CUSIP: 3136BUS68<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2472522 | PA      | $2444716.60   | 0.15%             | 2055-02-25      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_25-15            | FNMA_25-15                             | CUSIP: 3136BVQR2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   3161051 | PA      | $3232269.32   | 0.19%             | 2055-04-25      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_25-86            | FNMA_25-86                             | CUSIP: 3136BXPP3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   6000000 | PA      | $5939967.00   | 0.35%             | 2055-09-25      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA  30YR                             | CUSIP: 31371FGC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       354 | PA      | $369.87       | 0.00%             | 2026-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PRIMO WATER HOLDINGS INC                                    | PRIMO WATER HOLDINGS INC               | CUSIP: 74168RAC7<br>LEI: 9845008F9A5F2E1D4832 | Long             | DBT              | CORP              | US        |     77000 | PA      | $77099.08     | 0.00%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LIFE GLOBAL FUNDING II                            | PRINCIPAL LIFE GLOBAL FUNDING II       | CUSIP: 74256LFB0<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    297000 | PA      | $303878.30    | 0.02%             | 2029-11-27      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA  30YR                             | CUSIP: 31374TNX3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       535 | PA      | $551.64       | 0.00%             | 2029-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA  30YR                             | CUSIP: 31379YKX0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      9577 | PA      | $9922.92      | 0.00%             | 2028-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS FHLMC_4906                               | FHLMC_4906                             | CUSIP: 3137FNWB2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   3052788 | PA      | $425274.39    | 0.03%             | 2049-09-25      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_20-CS01                 | STACR_20-CS01                          | CUSIP: 3137G0WL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1587400 | PA      | $1551093.84   | 0.09%             | 2033-04-25      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LIFE GLOBAL FUNDING II                            | PRINCIPAL LIFE GLOBAL FUNDING II       | CUSIP: 74256LFC8<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    492000 | PA      | $498332.89    | 0.03%             | 2028-01-09      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                         | SIRIUS XM RADIO INC                    | CUSIP: 82967NBC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     18000 | PA      | $18001.45     | 0.00%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5228           | FHLMC_5228                             | CUSIP: 3137H7VH3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   3317535 | PA      | $392622.26    | 0.02%             | 2047-01-25      | Variable      | 1.54%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC FHLMC_5440                                      | FHLMC_5440                             | CUSIP: 3137HDZC7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   6828961 | PA      | $689414.32    | 0.04%             | 2054-07-25      | Variable      | 1.54%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORP                                | SIX FLAGS ENTERTAINMENT CORP           | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    119000 | PA      | $119004.56    | 0.01%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORP                                | SIX FLAGS ENTERTAINMENT CORP           | CUSIP: 83002YAA7<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |     41000 | PA      | $41785.30     | 0.00%             | 2032-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC FHLMC_5462                                      | FHLMC_5462                             | CUSIP: 3137HFQ24<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   4370691 | PA      | $4365273.31   | 0.26%             | 2054-10-25      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5500           | FHLMC_5500                             | CUSIP: 3137HJAU1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   3379104 | PA      | $3390940.15   | 0.20%             | 2054-10-25      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                    | SNAP INC                               | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     51000 | PA      | $52178.02     | 0.00%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MORTGAGE LLC                               | UNITED SHORE FINANCIAL SERVICES LL     | CUSIP: 91153LAA5<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30003.09     | 0.00%             | 2025-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC FHLMC_5518                                      | FHLMC_5518                             | CUSIP: 3137HK4A9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   3202028 | PA      | $3211959.45   | 0.19%             | 2055-03-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5513           | FHLMC_5513                             | CUSIP: 3137HKF25<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   3259875 | PA      | $3368909.99   | 0.20%             | 2054-06-25      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                  | US BANCORP                             | CUSIP: 91159HJN1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    525000 | PA      | $559189.87    | 0.03%             | 2034-06-12      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                      | TREASURY BOND                          | CUSIP: 912810RX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7550000 | PA      | $5747437.50   | 0.34%             | 2047-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5513           | FHLMC_5513                             | CUSIP: 3137HKF33<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   7267195 | PA      | $7530763.77   | 0.45%             | 2054-11-25      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC FHLMC_25-5532                                   | FHLMC_5532                             | CUSIP: 3137HKPN8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   1839635 | PA      | $1891870.11   | 0.11%             | 2055-04-25      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MORTGAGE LLC                               | UNITED WHOLESALE MORTGAGE LLC          | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |     56000 | PA      | $55323.74     | 0.00%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MORTGAGE LLC                               | UNITED WHOLESALE MORTGAGE LLC          | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6993.61      | 0.00%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS FHLMC_5560-MB                            | FHLMC_5560                             | CUSIP: 3137HLZE5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   3272339 | PA      | $3375934.32   | 0.20%             | 2055-06-25      | Variable      | 7.93%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5573           | FHLMC_5573                             | CUSIP: 3137HMSM3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   5146760 | PA      | $334572.35    | 0.02%             | 2055-09-25      | Variable      | 0.79%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                      | UNITEDHEALTH GROUP INC                 | CUSIP: 91324PFB3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2519000 | PA      | $2558245.92   | 0.15%             | 2034-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                      | UNITEDHEALTH GROUP INC                 | CUSIP: 91324PFC1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6711.92      | 0.00%             | 2054-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA  30YR                             | CUSIP: 31380HST5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      1399 | PA      | $1443.96      | 0.00%             | 2028-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA  30YR                             | CUSIP: 31383KD38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     13227 | PA      | $13808.93     | 0.00%             | 2029-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA  30YR                             | CUSIP: 31383RF49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      5680 | PA      | $5929.64      | 0.00%             | 2029-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA  30YR                             | CUSIP: 31385H7A4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      2197 | PA      | $2287.47      | 0.00%             | 2032-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                      | UNITEDHEALTH GROUP INC                 | CUSIP: 91324PFP2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506712.91    | 0.03%             | 2031-01-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                | UNIVISION COMMUNICATIONS INC           | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14152.92     | 0.00%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA  30YR                             | CUSIP: 31385JNA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      8821 | PA      | $9216.17      | 0.00%             | 2032-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 15YR                              | CUSIP: 3138AKT74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     12806 | PA      | $12747.73     | 0.00%             | 2026-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 15YR                              | CUSIP: 3138EHJU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      2956 | PA      | $2948.25      | 0.00%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 15YR                              | CUSIP: 3138EMT35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      5611 | PA      | $5586.84      | 0.00%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                | UNIVISION COMMUNICATIONS INC           | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19224.47     | 0.00%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                | UNIVISION COMMUNICATIONS INC           | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     28000 | PA      | $29006.30     | 0.00%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 15YR                              | CUSIP: 3138EMT43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      5611 | PA      | $5586.84      | 0.00%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 15YR                              | CUSIP: 3138EMT50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      5611 | PA      | $5586.84      | 0.00%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 15YR                              | CUSIP: 3138EMT76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      5611 | PA      | $5586.84      | 0.00%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 15YR                              | CUSIP: 3138EPE34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     19166 | PA      | $19015.52     | 0.00%             | 2029-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UPGRADE MASTER PASS-THRU TRUST UMPT_25-ST4                  | UMPT_25-ST4                            | CUSIP: 91533MAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    928165 | PA      | $932082.31    | 0.06%             | 2032-08-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UPGRADE RECEIVABLES TRUST UPGR_24-1                         | UPGR_24-1                              | CUSIP: 91533NAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    259130 | PA      | $259559.52    | 0.02%             | 2031-02-18      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 15YR                              | CUSIP: 3138ETFP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     52406 | PA      | $51898.75     | 0.00%             | 2031-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 30YR                              | CUSIP: 3138WGC69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     15770 | PA      | $14793.03     | 0.00%             | 2045-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UPSTART SECURITIZATION TRUST UPST_25-3                      | UPST_25-3                              | CUSIP: 91684FAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | JE        |   1305000 | PA      | $1305571.20   | 0.08%             | 2026-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UPSTART SECURITIZATION TRUST UPST_24-1                      | UPST_24-1                              | CUSIP: 91684NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    295306 | PA      | $296173.63    | 0.02%             | 2034-11-20      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 30YR                              | CUSIP: 3138XWD47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     25863 | PA      | $24335.90     | 0.00%             | 2044-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA  30YR                             | CUSIP: 31390CTB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     29980 | PA      | $31299.35     | 0.00%             | 2032-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA  30YR                             | CUSIP: 31390GFJ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     10572 | PA      | $11037.21     | 0.00%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA  30YR                             | CUSIP: 31391BUW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      4121 | PA      | $4252.96      | 0.00%             | 2032-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| USA COMPRESSION PARTNERS LP                                 | USA COMPRESSION PARTNERS LP/USA CO     | CUSIP: 91740PAF5<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40015.80     | 0.00%             | 2027-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| USA COMPRESSION PARTNERS LP                                 | USA COM PARTNERS LP / USA COM FIN      | CUSIP: 91740PAG3<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41312.97     | 0.00%             | 2029-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA  30YR                             | CUSIP: 31391MDQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     14501 | PA      | $15139.47     | 0.00%             | 2032-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA  30YR                             | CUSIP: 31391TR83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     36227 | PA      | $37821.52     | 0.00%             | 2032-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA  30YR                             | CUSIP: 31391VUW1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      9149 | PA      | $9551.76      | 0.00%             | 2032-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 30YR UMBS                         | CUSIP: 3140L0PD3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   5498160 | PA      | $4678806.10   | 0.28%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| VERICREST OPPORTUNITY LOAN TRANSFEREE VOLT_21-NPL6          | VOLT_21-NPL6                           | CUSIP: 91835EAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    180457 | PA      | $180426.90    | 0.01%             | 2051-04-25      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                     | VZ SECURED FINANCING BV                | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    128000 | PA      | $115822.79    | 0.01%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 30YR UMBS                         | CUSIP: 3140QNQE5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   5044291 | PA      | $4113679.91   | 0.25%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 30YR UMBS                         | CUSIP: 3140QNTX0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3884611 | PA      | $3418570.62   | 0.20%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 30YR UMBS                         | CUSIP: 3140QNW73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1442239 | PA      | $1320173.08   | 0.08%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 30YR UMBS                         | CUSIP: 3140QVE67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   4316985 | PA      | $4433004.18   | 0.26%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 30YR UMBS                         | CUSIP: 3140QVKW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   5634539 | PA      | $5640848.14   | 0.34%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 30YR UMBS                         | CUSIP: 3140QVWP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   6891508 | PA      | $6855198.59   | 0.41%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 30YR UMBS SUPER                   | CUSIP: 3140W0EA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   4754086 | PA      | $3889092.66   | 0.23%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                         | CHURCHILL DOWNS INCORPORATED           | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |     32000 | PA      | $32839.20     | 0.00%             | 2031-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                            | CINEMARK USA INC                       | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |     41000 | PA      | $40814.69     | 0.00%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                            | CINEMARK USA INC                       | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31254.73     | 0.00%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                               | CITIGROUP INC                          | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    498000 | PA      | $498223.26    | 0.03%             | 2031-09-11      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                               | CITIGROUP INC                          | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    188000 | PA      | $189875.48    | 0.01%             | 2036-09-11      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                               | CITIGROUP INC                          | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2112000 | PA      | $1923951.07   | 0.11%             | 2033-01-25      | Variable      | 3.06%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                       | CIVITAS RESOURCES INC                  | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4148.56      | 0.00%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                       | CIVITAS RESOURCES INC                  | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     64000 | PA      | $65590.10     | 0.00%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                       | CIVITAS RESOURCES INC                  | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5175.48      | 0.00%             | 2030-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                       | CIVITAS RESOURCES INC                  | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     73000 | PA      | $77225.53     | 0.00%             | 2033-06-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| CLARIOS US FINANCE COMPANY INC                              | CLARIOS GLOBAL LP                      | CUSIP: 18060TAD7<br>LEI: 549300QHLDSIXVFWH611 | Long             | DBT              | CORP              | US        |     26000 | PA      | $26879.91     | 0.00%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                           | CLARIOS GLOBAL LP / CLARIOS US FIN     | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     43000 | PA      | $43948.76     | 0.00%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLARIVATE SCIENCE HOLDINGS CORP                             | CLARIVATE SCIENCE HOLDINGS CORP        | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    102000 | PA      | $96389.95     | 0.01%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                          | CLEAR CHANNEL OUTDOOR HOLDINGS         | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     42000 | PA      | $41940.61     | 0.00%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                          | CLEAR CHANNEL OUTDOOR HOLDINGS INC     | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     66000 | PA      | $64120.67     | 0.00%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PRKCM_21-AFC2 TRUST                                         | PRKCM_21-AFC2                          | CUSIP: 69361JAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1452636.40   | 0.09%             | 2056-11-25      | Variable      | 2.89%                 | No            |                  2 | On Loan: No      |
| PRKCM_21-AFC2 TRUST                                         | PRKCM_21-AFC2                          | CUSIP: 69361JAD8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1475000 | PA      | $1096250.53   | 0.07%             | 2056-11-25      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| PRKCM_21-AFC2 TRUST                                         | PRKCM_21-AFC2                          | CUSIP: 69361JAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1300000 | PA      | $927751.11    | 0.06%             | 2056-11-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| PRPM LLC PRPM_23-NQM3                                       | PRPM_23-NQM3                           | CUSIP: 69380TAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    139812 | PA      | $141288.84    | 0.01%             | 2068-11-25      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| PRPM LLC PRPM_25-NQM3                                       | PRPM_25-NQM3                           | CUSIP: 69382NAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2646865 | PA      | $2671333.67   | 0.16%             | 2070-05-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| PRESTON RIDGE PARTNERS MORTGAGE TRUST PRPM_25-RCF4          | PRPM_25-RCF4                           | CUSIP: 69382WAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    685000 | PA      | $663362.91    | 0.04%             | 2055-08-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| PRPM LLC PRPM_24-NQM1                                       | PRPM_24-NQM1                           | CUSIP: 693977AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    462285 | PA      | $468083.53    | 0.03%             | 2068-12-25      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| PRPM LLC PRPM_24-RCF2                                       | PRPM_24-RCF2                           | CUSIP: 693987AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    710375 | PA      | $696057.97    | 0.04%             | 2054-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC COMPANY                            | PACIFIC GAS AND ELECTRIC COMPANY       | CUSIP: 694308KH9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1777576.80   | 0.11%             | 2053-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_23-8                    | PAID_23-8                              | CUSIP: 694960AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     75739 | PA      | $76844.55     | 0.00%             | 2031-06-16      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-2                    | PAID_24-2                              | CUSIP: 694961AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    195835 | PA      | $197777.99    | 0.01%             | 2031-08-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTERPRISES PTE LTD                       | PFIZER INVESTMENT ENTERPRISES PTE      | CUSIP: 716973AB8<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   1685000 | PA      | $1688307.99   | 0.10%             | 2026-05-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                          | VENTURE GLOBAL PLAQUEMINES LNG LLC     | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     25000 | PA      | $27626.92     | 0.00%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                          | VENTURE GLOBAL PLAQUEMINES LNG LLC     | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     25000 | PA      | $28220.80     | 0.00%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                          | VENTURE GLOBAL PLAQUEMINES LNG LLC     | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     57000 | PA      | $60090.74     | 0.00%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| A&D MTG TR ADMT_24-NQM2                                     | ADMT_24-NQM2                           | CUSIP: 00002NAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3626321 | PA      | $3676814.25   | 0.22%             | 2069-04-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST ACHV_24-1PL                                  | ACHV_24-1PL                            | CUSIP: 00092BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    106020 | PA      | $107005.82    | 0.01%             | 2031-04-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST ACHV_24-1PL                                  | ACHV_24-1PL                            | CUSIP: 00092BAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    176411 | PA      | $179111.35    | 0.01%             | 2031-04-25      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| ACHM TRUST ACHM_25-HE2                                      | ACHM_25-HE2                            | CUSIP: 00112XAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4360733 | PA      | $4363411.71   | 0.26%             | 2055-08-25      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_20-CX                              | COMM_20-CX                             | CUSIP: 12656KAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    525000 | PA      | $446273.68    | 0.03%             | 2046-11-10      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST CSMC_21-RPL2                   | CSMC_21-RPL2                           | CUSIP: 12656TAD0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    751019 | PA      | $575147.62    | 0.03%             | 2060-01-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST CSMC_21-RPL2                   | CSMC_21-RPL2                           | CUSIP: 12656TAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    375000 | PA      | $279562.95    | 0.02%             | 2060-01-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| COLT FUNDING LLC COLT_21-2R                                 | COLT_21-2R                             | CUSIP: 12656YAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    252955 | PA      | $227296.03    | 0.01%             | 2054-07-27      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST CSMC_21-AFC1                   | CSMC_21-AFC1                           | CUSIP: 12657LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    470980 | PA      | $397104.94    | 0.02%             | 2056-03-25      | Variable      | 0.83%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST CSMC_21-RPL4                   | CSMC_21-RPL4                           | CUSIP: 12662GAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    817722 | PA      | $818055.89    | 0.05%             | 2060-12-27      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST CSMC_22-NQM5                                     | CSMC_22-NQM5                           | CUSIP: 12663DAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1215808 | PA      | $1255931.59   | 0.07%             | 2067-05-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST CSMC_22-ATH3                   | CSMC_22-ATH3                           | CUSIP: 12664AAD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    628718 | PA      | $626460.55    | 0.04%             | 2067-08-25      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                             | CVS HEALTH CORP                        | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1012618.87   | 0.06%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                             | CVS HEALTH CORP                        | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    840000 | PA      | $747844.31    | 0.04%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CACI INTL INC                                               | CACI INTERNATIONAL INC                 | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |     42000 | PA      | $43370.61     | 0.00%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                   | CAESARS ENTERTAINMENT INC              | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     39000 | PA      | $37284.28     | 0.00%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                   | CAESARS ENTERTAINMENT INC              | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87442.63     | 0.01%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                   | CAESARS ENTERTAINMENT INC              | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35700.46     | 0.00%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                   | CAESARS ENTERTAINMENT INC              | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     53000 | PA      | $52192.25     | 0.00%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ATLANTICA SUSTAINABLE INFRASTRUCTURE GROUP PLC              | CA BUYER / ATLANTICA SUSTAINABLE       | CUSIP: 13005HAA8<br>LEI: 254900V5SMQ1UP1CLC26 | Long             | DBT              | CORP              | GB        |     31000 | PA      | $31761.88     | 0.00%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CAMPBELLS CO                                                | CAMPBELL SOUP COMPANY                  | CUSIP: 134429BQ1<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1192124.26   | 0.07%             | 2035-03-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY COMPANY                            | CANADIAN PACIFIC RAILWAY LTD           | CUSIP: 13645RBF0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1287000 | PA      | $1146248.20   | 0.07%             | 2031-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                                | Chevron Corp                           | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88032 | NS      | $13670489.28  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CHOBANI HOLDCO II LLC                                       | CHOBANI HOLDCO II LLC                  | CUSIP: 169918AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     36468 | PA      | $38645.74     | 0.00%             | 2029-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC                                                 | CHOBANI LLC/FINANCE CORP               | CUSIP: 17027NAC6<br>LEI: 549300ISVDMZ91KNTR38 | Long             | DBT              | CORP              | US        |     14000 | PA      | $14594.49     | 0.00%             | 2029-07-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CHNGE_22-1                                                  | CHNGE_22-1                             | CUSIP: 17030JAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1580501 | PA      | $1517203.88   | 0.09%             | 2067-01-25      | Variable      | 3.01%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                              | OPAL BIDCO SAS                         | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |     41000 | PA      | $41998.00     | 0.00%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OPORTUN FUNDING LLC OPTN_24-3                               | OPTN_24-3                              | CUSIP: 68377NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     48318 | PA      | $48364.48     | 0.00%             | 2029-08-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                | FIBERCOP SPA                           | CUSIP: 683879AF7<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |     11000 | PA      | $11144.97     | 0.00%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                | FIBERCOP SPA                           | CUSIP: 683879AH3<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |      9000 | PA      | $9137.27      | 0.00%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO                                                | ORGANON & CO                           | CUSIP: 68622TAA9<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |     18000 | PA      | $17391.66     | 0.00%             | 2028-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO                                                | ORGANON & CO                           | CUSIP: 68622TAB7<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |     36000 | PA      | $31498.79     | 0.00%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL LLC                                  | OUTFRONT MEDIA CAP LLC/CAP CORP        | CUSIP: 69007TAB0<br>LEI: 5493005WC7J0FDMW0610 | Long             | DBT              | CORP              | US        |     31000 | PA      | $30832.45     | 0.00%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL LLC                                  | OUTFRONT MEDIA CAP LLC/CAP CORP        | CUSIP: 69007TAC8<br>LEI: 5493005WC7J0FDMW0610 | Long             | DBT              | CORP              | US        |     24000 | PA      | $23083.47     | 0.00%             | 2030-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL LLC                                  | OUTFRONT MEDIA CAP LLC/CAP CORP        | CUSIP: 69007TAE4<br>LEI: 5493005WC7J0FDMW0610 | Long             | DBT              | CORP              | US        |     23000 | PA      | $22100.17     | 0.00%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL LLC                                  | OUTFRONT MEDIA CAPITAL LLC/CORP        | CUSIP: 69007TAG9<br>LEI: 5493005WC7J0FDMW0610 | Long             | DBT              | CORP              | US        |     29000 | PA      | $30607.99     | 0.00%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                   | PG&E CORPORATION                       | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25735.24     | 0.00%             | 2055-03-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC (THE)                      | PNC FINANCIAL SERVICES GROUP INC       | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    500000 | PA      | $527281.88    | 0.03%             | 2035-01-22      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 30YR UMBS SUPER                   | CUSIP: 3140W3G60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   5500000 | PA      | $5344722.57   | 0.32%             | 2054-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 30YR UMBS SUPER                   | CUSIP: 3140XNBZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   7064966 | PA      | $7063691.83   | 0.42%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA  30YR                             | CUSIP: 31414CBH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     51848 | PA      | $53555.29     | 0.00%             | 2038-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 30YR                              | CUSIP: 31414PKT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     14392 | PA      | $14865.82     | 0.00%             | 2038-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 30YR UMBS                         | CUSIP: 31418E3D0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   4071992 | PA      | $4169156.93   | 0.25%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 30YR UMBS                         | CUSIP: 31418E3E8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   5344533 | PA      | $5397183.72   | 0.32%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                       | FNMA 30YR UMBS                         | CUSIP: 31418FCH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   4919498 | PA      | $5027582.88   | 0.30%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                      | FHLMC 30YR UMBS SUPER                  | CUSIP: 31427NJU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2942470 | PA      | $2994409.14   | 0.18%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                      | FHLMC 30YR UMBS SUPER                  | CUSIP: 31427NWH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   7452076 | PA      | $7039613.52   | 0.42%             | 2054-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                      | FHLMC 30YR UMBS                        | CUSIP: 3142GTT30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3293132 | PA      | $3200730.62   | 0.19%             | 2055-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC (NEVADA)                         | FERTITTA ENTERTAINMENT LLC             | CUSIP: 31556TAC3<br>LEI: 984500A0805D8V551D35 | Long             | DBT              | CORP              | US        |     67000 | PA      | $62918.10     | 0.00%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ELLINGTON FINANCIAL MORTGAGE TRUST EFMT_22-2                | EFMT_22-2                              | CUSIP: 31572YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4198305 | PA      | $4237674.69   | 0.25%             | 2067-04-25      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| ELLINGTON FINANCIAL MORTGAGE TRUST EFMT_19-2                | EFMT_19-2                              | CUSIP: 31573TAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     49379 | PA      | $47745.20     | 0.00%             | 2059-11-25      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| ELLINGTON FINANCIAL MORTGAGE TRUST EFMT_20-1                | EFMT_20-1                              | CUSIP: 31574PAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      2533 | PA      | $2518.26      | 0.00%             | 2065-05-25      | Variable      | 2.01%                 | No            |                  2 | On Loan: No      |
| FIGURE LENDING FIGRE_25-FL1                                 | FIGRE_25-FL1                           | CUSIP: 31684QAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1283006 | PA      | $1285912.05   | 0.08%             | 2055-07-25      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| FIGRE TRUST FIGRE_25-PF2                                    | FIGRE_25-PF2                           | CUSIP: 316918AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1400000 | PA      | $1395281.44   | 0.08%             | 2055-10-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| FIRSTKEY HOMES FKH_20-SFR2                                  | FKH_20-SFR2                            | CUSIP: 33767JAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2975000 | PA      | $2961788.62   | 0.18%             | 2037-10-19      | Fixed         | 1.97%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS LLC                                | FOCUS FINANCIAL PARTNERS LLC           | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |     51000 | PA      | $52260.24     | 0.00%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_22-DNA6                 | STACR_22-DNA6                          | CUSIP: 35564KH36<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    150880 | PA      | $151809.71    | 0.01%             | 2042-09-25      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_21-DNA5                 | STACR_21-DNA5                          | CUSIP: 35564KHE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    170356 | PA      | $171296.31    | 0.01%             | 2034-01-25      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_21-DNA7                 | STACR_21-DNA7                          | CUSIP: 35564KMA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    843675 | PA      | $843239.59    | 0.05%             | 2041-11-25      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_22-DNA3                 | STACR_22-DNA3                          | CUSIP: 35564KUX5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1100000 | PA      | $1131326.46   | 0.07%             | 2042-04-25      | Variable      | 7.26%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_22-DNA5                 | STACR_22-DNA5                          | CUSIP: 35564KYN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    802582 | PA      | $818167.72    | 0.05%             | 2042-06-25      | Variable      | 7.31%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                        | FRONTIER COMMUNICATIONS HOLDINGS       | CUSIP: 35908MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $36569.50     | 0.00%             | 2030-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                        | FRONTIER COMMUNICATIONS HOLDINGS       | CUSIP: 35908MAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     57000 | PA      | $60199.06     | 0.00%             | 2031-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-21

**Name of Applicant:** Columbia Funds Variable Series Trust II

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer