# EDGAR Filing Document

**Accession Number:** 0000063075
**File Stem:** 0001752724-23-068526
**Filing Date:** 2023-3
**Character Count:** 275512
**Document Hash:** cf0ae77f34c716867f4da201c2fed342
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-068526.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001752724-23-068526

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS SERIES TRUST IX
- **CENTRAL INDEX KEY:** 0000063075
- **IRS NUMBER:** 042535629
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02464
- **FILM NUMBER:** 23766981

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 18006372929

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS SERIES TRUST IX /MA/
- **DATE OF NAME CHANGE:** 19951218

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS SERIES TRUST IX
- **DATE OF NAME CHANGE:** 19950207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS BOND FUND
- **DATE OF NAME CHANGE:** 19930408

## Series and Classes Contracts Data

### MFS Limited Maturity Fund (Series ID: S000002495)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000006744 | I            | MQLIX           |
| C000006745 | A            | MQLFX           |
| C000006746 | R4           | MQLJX           |
| C000006750 | B            | MQLBX           |
| C000006751 | C            | MQLCX           |
| C000006753 | R1           | MQLGX           |
| C000006755 | R2           | MLMRX           |
| C000006756 | R3           | MQLHX           |
| C000119776 | R6           | MQLKX           |

## Nport-Ex

![](imgefb65f451.gif)

### Quarterly Report
January 31, 2023

MFS<sup>®</sup> Limited Maturity Fund

![](img8f77a9312.gif)

MQL-Q3

------

### Portfolio of Investments
1/31/23 (unaudited)

The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – 97.7% | Bonds – 97.7% | Bonds – 97.7% |
| Aerospace & Defense – 1.2% | Aerospace & Defense – 1.2% | Aerospace & Defense – 1.2% |
| Boeing Co., 1.167%, 2/04/2023 | $&nbsp;&nbsp;6459000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6457910 |
| Boeing Co., 1.433%, 2/04/2024 | 13868000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13365701 |
| Boeing Co., 2.196%, 2/04/2026 | 11032000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10199393 |
| Huntington Ingalls Industries, Inc., 3.844%, 5/01/2025 | &nbsp;&nbsp;6464000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6269622 |
| Raytheon Technologies Corp., 3.65%, 8/16/2023 | &nbsp;&nbsp;&nbsp;&nbsp;362000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359359 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$36651985 |
| Asset-Backed & Securitized – 20.0% | Asset-Backed & Securitized – 20.0% | Asset-Backed & Securitized – 20.0% |
| 3650R Commercial Mortgage Trust, 2021-PF1, "XA", 1.029%, 11/15/2054 (i) | $90990081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5159320 |
| ACREC 2021-FL1 Ltd., "AS", FLR, 5.97% (LIBOR - 1mo. + 1.5%), 10/16/2036 (n) | &nbsp;&nbsp;5944500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5696345 |
| ACREC 2021-FL1 Ltd., "B", FLR, 6.27% (LIBOR - 1mo. + 1.8%), 10/16/2036 (n) | 11776000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11284135 |
| ACREC 2021-FL1 Ltd., "C", FLR, 6.62% (LIBOR - 1mo. + 2.15%), 10/16/2036 (n) | &nbsp;&nbsp;5972500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5700293 |
| ACRES 2021-FL2 Issuer Ltd., "B", FLR, 6.714% (LIBOR - 1mo. + 2.25%), 1/15/2037 (n) | &nbsp;&nbsp;6994000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6758793 |
| Allegro CLO Ltd., 2014-1RA, "A2", FLR, 6.415% (LIBOR - 3mo. + 1.6%), 10/21/2028 (n) | &nbsp;&nbsp;&nbsp;&nbsp;776747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;767590 |
| AmeriCredit Automobile Receivables Trust, 2020-1, "C", 1.59%, 10/20/2025 | &nbsp;&nbsp;2663000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2583665 |
| AmeriCredit Automobile Receivables Trust, 2022-2, "A2A", 4.2%, 12/18/2025 | &nbsp;&nbsp;7538590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7486713 |
| Arbor Realty Trust, Inc., CLO, 2021-FL1, "B", FLR, 5.923% (LIBOR - 1mo. + 1.5%), 12/15/2035 (n) | &nbsp;&nbsp;1833000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1702533 |
| Arbor Realty Trust, Inc., CLO, 2021-FL1, "C", FLR, 6.423% (LIBOR - 1mo. + 2%), 12/15/2035 (n) | &nbsp;&nbsp;&nbsp;&nbsp;752000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;712151 |
| Arbor Realty Trust, Inc., CLO, 2021-FL3, "B", FLR, 6.054% (LIBOR - 1mo. + 1.6%), 8/15/2034 (n) | &nbsp;&nbsp;3008500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2755371 |
| Arbor Realty Trust, Inc., CLO, 2021-FL3, "C", FLR, 6.304% (LIBOR - 1mo. + 1.85%), 8/15/2034 (n) | &nbsp;&nbsp;1746500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1580055 |
| Arbor Realty Trust, Inc., CLO, 2021-FL4, "AS", FLR, 6.154% (LIBOR - 1mo. + 1.7%), 11/15/2036 (n) | 11713500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11502015 |
| Arbor Realty Trust, Inc., CLO, 2021-FL4, "B", FLR, 6.454% (LIBOR - 1mo. + 2%), 11/15/2036 (n) | &nbsp;&nbsp;7713500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7484902 |
| Arbor Realty Trust, Inc., CLO, 2021-FL4, "C", FLR, 6.754% (LIBOR - 1mo. + 2.3%), 11/15/2036 (n) | &nbsp;&nbsp;4645000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4438661 |
| Arbor Realty Trust, Inc., CLO, 2022-FL1, "C", FLR, 6.578% (SOFR - 30 day + 2.3%), 1/15/2037 (n) | 12447500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11741208 |
| AREIT 2019-CRE3 Trust, "A", FLR, 5.867% (LIBOR - 1mo. + 1.02%), 9/14/2036 (n) | &nbsp;&nbsp;&nbsp;&nbsp;442959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438087 |
| AREIT 2019-CRE3 Trust, "AS", FLR, 5.897% (LIBOR - 1mo. + 1.3%), 9/14/2036 (n) | &nbsp;&nbsp;2301000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2242219 |
| AREIT 2019-CRE3 Trust, "B", FLR, 6.147% (LIBOR - 1mo. + 1.55%), 9/14/2036 (n) | &nbsp;&nbsp;1136500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1093707 |
| AREIT 2019-CRE3 Trust, "C", FLR, 6.497% (SOFR - 1mo. + 2.014%), 9/14/2036 (n) | &nbsp;&nbsp;&nbsp;&nbsp;940000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;891998 |
| AREIT 2022-CRE6 Trust, "C", FLR, 6.46% (SOFR - 30 day + 2.15%), 1/16/2037 (n) | &nbsp;&nbsp;4174000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3884558 |
| AREIT 2022-CRE6 Trust, "D", FLR, 7.16% (SOFR - 30 day + 2.85%), 12/17/2024 (n) | &nbsp;&nbsp;2549000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2359268 |
| AREIT 2022-CRE7 LLC, "B", FLR, 7.726% (SOFR - 1mo. + 3.244%), 6/17/2039 (n) | 12436500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12159713 |
| ARI Fleet Lease Trust, 2020-A, "A3", 1.8%, 8/15/2028 (n) | &nbsp;&nbsp;1112617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1109939 |
| Balboa Bay Loan Funding Ltd., 2020-1A, "BR", FLR, 6.457% (LIBOR - 3mo. + 1.65%), 1/20/2032 (n) | &nbsp;&nbsp;7353970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7110914 |
| Balboa Bay Loan Funding Ltd., 2020-1A, "CR", FLR, 6.908% (LIBOR - 3mo. + 2.1%), 1/20/2032 (n) | &nbsp;&nbsp;3983401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3767305 |
| Ballyrock CLO 2018-1A Ltd., "A2", FLR, 6.407% (LIBOR - 3mo. + 1.6%), 4/20/2031 (n) | &nbsp;&nbsp;4282847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4188955 |
| Ballyrock CLO 2018-1A Ltd., "B", FLR, 6.707% (LIBOR - 3mo. + 1.9%), 4/20/2031 (n) | &nbsp;&nbsp;1814958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1741540 |
| Bayview Commercial Asset Trust, FLR, 4.971% (LIBOR - 1mo. + 0.31%), 8/25/2035 (n) | &nbsp;&nbsp;&nbsp;&nbsp;199075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184280 |
| Bayview Financial Revolving Mortgage Loan Trust, FLR, 6.147% (LIBOR - 1mo. + 1.6%), 12/28/2040 (n) | &nbsp;&nbsp;&nbsp;&nbsp;151902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189096 |
| BBCMS Mortgage Trust, 2018-C2, "XA", 0.757%, 12/15/2051 (i)(n) | 63104447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2157472 |
| BBCMS Mortgage Trust, 2021-C10, "XA", 1.296%, 7/15/2054 (i) | 36314859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2639324 |
| BBCMS Mortgage Trust, 2021-C11, "XA", 1.382%, 9/15/2054 (i) | 39295698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3017595 |
| BBCMS Mortgage Trust, 2021-C9, "XA", 1.624%, 2/15/2054 (i) | 55059998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5002096 |
| BDS 2021-FL10 Ltd., "B", FLR, 6.42% (LIBOR - 1mo. + 1.95%), 12/16/2036 (n) | &nbsp;&nbsp;3637500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3510477 |
| BDS 2021-FL10 Ltd., "C", FLR, 6.639% (LIBOR - 1mo. + 2.3%), 12/16/2036 (n) | &nbsp;&nbsp;2645500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2539906 |
| Benchmark 2021-B23 Mortgage Trust, "XA", 1.271%, 2/15/2054 (i) | 60359577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4080664 |
| Benchmark 2021-B24 Mortgage Trust, "XA", 1.151%, 3/15/2054 (i) | 38472944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2349031 |
| Benchmark 2021-B27 Mortgage Trust, "XA", 1.267%, 7/15/2054 (i) | 71405468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5154996 |
| Benchmark 2021-B28 Mortgage Trust, "XA", 1.283%, 8/15/2054 (i) | 53489753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3879467 |
| Benchmark 2021-B29 Mortgage Trust, "XA", 1.042%, 9/15/2054 (i) | 78355309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4371787 |
| BSPDF 2021-FL1 Issuer Ltd., "AS", FLR, 5.934% (LIBOR - 1mo. + 1.48%), 10/15/2036 (n) | &nbsp;&nbsp;4140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4022080 |
| BSPDF 2021-FL1 Issuer Ltd., "B", FLR, 6.254% (LIBOR - 1mo. + 1.8%), 10/15/2036 (n) | &nbsp;&nbsp;3130500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2960307 |
| BSPDF 2021-FL1 Issuer Ltd., "C", FLR, 6.704% (LIBOR - 1mo. + 2.25%), 10/15/2036 (n) | &nbsp;&nbsp;8000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7581688 |
| BSPRT 2019-FL5 Issuer Ltd., "C", FLR, 6.454% (LIBOR - 1mo. + 2%), 5/09/2029 (n) | &nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2926587 |
| BSPRT 2021-FL6 Issuer Ltd., "C", FLR, 6.504% (LIBOR - 1mo. + 2.05%), 3/15/2036 (n) | &nbsp;&nbsp;2447500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2243109 |
| BSPRT 2021-FL7 Issuer Ltd., "B", FLR, 6.504% (LIBOR - 1mo. + 2.05%), 12/15/2038 (n) | &nbsp;&nbsp;1552000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1449452 |
| BSPRT 2021-FL7 Issuer Ltd., "C", FLR, 6.754% (LIBOR - 1mo. + 2.3%), 12/15/2038 (n) | &nbsp;&nbsp;1869500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1733288 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Asset-Backed & Securitized – continued | Asset-Backed & Securitized – continued | Asset-Backed & Securitized – continued |
| BSPRT 2022-FL8 Issuer Ltd., "A", FLR, 5.778% (SOFR - 30 day + 1.5%), 2/15/2037 (n) | $14846500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14510697 |
| BSPRT 2022-FL8 Issuer Ltd., "B", FLR, 6.329% (SOFR - 30 day + 2.05%), 2/15/2037 (n) | &nbsp;&nbsp;2054500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1984935 |
| BSPRT 2022-FL8 Issuer Ltd., "C", FLR, 6.578% (SOFR - 30 day + 2.3%), 2/15/2037 (n) | &nbsp;&nbsp;3317000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3157036 |
| Business Jet Securities LLC, 2020-1A, "A", 2.981%, 11/15/2035 (n) | &nbsp;&nbsp;&nbsp;&nbsp;823598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;755676 |
| Business Jet Securities LLC, 2021-1A, "A", 2.162%, 4/15/2036 (n) | &nbsp;&nbsp;1582045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1421784 |
| Business Jet Securities LLC, 2021-1A, "B", 2.918%, 4/15/2036 (n) | &nbsp;&nbsp;&nbsp;&nbsp;300623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261907 |
| BXMT 2020-FL2 Ltd., "B", FLR, 5.997% (LIBOR - 1mo. + 1.4%), 2/15/2038 (n) | &nbsp;&nbsp;5795500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5480318 |
| BXMT 2020-FL2 Ltd., "A", FLR, 5.497% (LIBOR - 1mo. + 0.9%), 2/15/2038 (n) | &nbsp;&nbsp;6977086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6872974 |
| BXMT 2021-FL4 Ltd., "AS", FLR, 5.759% (LIBOR - 1mo. + 1.3%), 5/15/2038 (n) | 12062500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11564710 |
| Capital Automotive, 2020-1A, "A4", REIT, 3.19%, 2/15/2050 (n) | &nbsp;&nbsp;2192523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2071210 |
| C-BASS Mortgage Loan Trust, 2007-CB1, "AF3", 3.11%, 1/25/2037 (d)(q) | &nbsp;&nbsp;1667776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531090 |
| C-BASS Mortgage Loan Trust, 2007-CB3, "A3", 3.27%, 3/25/2037 (d)(q) | &nbsp;&nbsp;2239558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;855952 |
| CD 2017-CD4 Mortgage Trust, "XA", 1.226%, 5/10/2050 (i) | 35341196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1381848 |
| CF Hippolyta Issuer LLC, 2020-1, "A1", 1.69%, 7/15/2060 (n) | &nbsp;&nbsp;1573950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1422339 |
| CF Hippolyta Issuer LLC, 2020-1, "B1", 2.28%, 7/15/2060 (n) | &nbsp;&nbsp;&nbsp;&nbsp;501588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446261 |
| Commercial Equipment Finance 2021-A, LLC, "A", 2.05%, 2/16/2027 (n) | &nbsp;&nbsp;2961230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2855832 |
| Commercial Mortgage Pass-Through Certificates, 2019-BN24, "XA", 0.64%, 11/15/2062 (i) | 34656308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1216630 |
| Commercial Mortgage Pass-Through Certificates, 2021-BN31, "XA", 1.324%, 2/15/2054 (i) | 52869292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3986815 |
| Commercial Mortgage Pass-Through Certificates, 2021-BN32, "XA", 0.779%, 4/15/2054 (i) | 48864772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2126399 |
| Commercial Mortgage Pass-Through Certificates, 2021-BN34, "XA", 0.976%, 6/15/2063 (i) | 55870038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3111749 |
| Commercial Mortgage Pass-Through Certificates, 2021-BN35, "XA", 1.046%, 6/15/2064 (i) | 31932941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1909271 |
| Credit Acceptance Auto Loan Trust, 2021-4, "B", 1.74%, 12/16/2030 (n) | &nbsp;&nbsp;3258000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3028051 |
| Credit Acceptance Auto Loan Trust, 2021-2A, "A", 0.96%, 2/15/2030 (n) | &nbsp;&nbsp;2192000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2116726 |
| Credit Acceptance Auto Loan Trust, 2021-2A, "B", 1.26%, 4/15/2030 (n) | &nbsp;&nbsp;1037000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;957752 |
| Credit Acceptance Auto Loan Trust, 2021-3A, "B", 1.38%, 7/15/2030 (n) | &nbsp;&nbsp;1499000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1390160 |
| Credit Acceptance Auto Loan Trust, 2021-3A, "C", 1.63%, 9/16/2030 (n) | &nbsp;&nbsp;&nbsp;&nbsp;916000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;833242 |
| Credit Acceptance Auto Loan Trust, 2021-4, "A", 1.26%, 10/15/2030 (n) | &nbsp;&nbsp;1778000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1679409 |
| Cutwater 2015-1A Ltd., "AR", FLR, 6.012% (LIBOR - 3mo. + 1.22%), 1/15/2029 (n) | &nbsp;&nbsp;1966959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1958141 |
| Dryden Senior Loan Fund, 2017-49A, "BR", CLO, FLR, 6.394% (LIBOR - 3mo. + 1.6%), 7/18/2030 (n) | &nbsp;&nbsp;9054010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8844772 |
| DT Auto Owner Trust 2022-3A, "A", 6.05%, 10/15/2026 (n) | &nbsp;&nbsp;7925512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7955919 |
| DT Auto Owner Trust 2022-3A, "B", 6.74%, 7/17/2028 (n) | &nbsp;&nbsp;5250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5371682 |
| DT Auto Owner Trust 2022-3A, "C", 7.69%, 7/17/2028 (n) | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2073464 |
| Enterprise Fleet Financing LLC, 2022-4, "A2", 5.76%, 10/22/2029 (n) | &nbsp;&nbsp;6250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6315594 |
| Fortress CBO Investments Ltd., 2022-FL3, "A", FLR, 6.16% (SOFR - 30 day + 1.85%), 2/23/2039 (n) | &nbsp;&nbsp;8935000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8662340 |
| Fortress CBO Investments Ltd., 2022-FL3, "AS", FLR, 6.56% (SOFR - 30 day + 2.25%), 2/23/2039 (n) | &nbsp;&nbsp;8299000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7971181 |
| GLS Auto Receivables Trust, 2021-3A, "B", 0.78%, 11/17/2025 (n) | &nbsp;&nbsp;4655544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4548689 |
| GS Mortgage Securities Trust, 2017-GS6, "XA", 1.012%, 5/10/2050 (i) | 38643696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1357240 |
| GS Mortgage Securities Trust, 2017-GS7, "XA", 1.082%, 8/10/2050 (i) | 36818443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1300258 |
| GS Mortgage Securities Trust, 2020-GC47, "A5", 1.129%, 5/12/2053 (i) | 39159911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2448560 |
| IMPAC CMB Trust, FLR, 5.246% (LIBOR - 1mo. + 0.74%), 11/25/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33655 |
| IMPAC CMB Trust, FLR, 5.426% (LIBOR - 1mo. + 0.92%), 11/25/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35663 |
| IMPAC Secured Assets Corp., FLR, 5.205% (LIBOR - 1mo. + 0.35%), 5/25/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46488 |
| Interstar Millennium Trust, FLR, 5.152% (LIBOR - 3mo. + 0.4%), 3/14/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22150 |
| Jamestown CLO Ltd., 2020-15A, "C", FLR, 7.242% (LIBOR - 3mo. + 2.45%), 4/15/2033 (n) | 14432415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13708081 |
| JPMorgan Chase Commercial Mortgage Securities Corp., 0.987%, 9/15/2050 (i) | 40045060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1266926 |
| LAD Auto Receivables Trust, 2022-1A, "A", 5.21%, 6/15/2027 (n) | &nbsp;&nbsp;4836611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4773322 |
| LoanCore 2018-CRE1 Ltd., "AS", FLR, 5.959% (LIBOR - 1mo. + 1.5%), 5/15/2028 (n) | &nbsp;&nbsp;3303917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3291306 |
| LoanCore 2018-CRE1 Ltd., "C", FLR, 7.009% (LIBOR - 1mo. + 2.55%), 5/15/2028 (n) | &nbsp;&nbsp;1859500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1807514 |
| LoanCore 2019-CRE3 Ltd., "AS", FLR, 5.829% (LIBOR - 1mo. + 1.37%), 4/15/2034 (n) | &nbsp;&nbsp;6052584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6079790 |
| LoanCore 2021-CRE5 Ltd., "AS", FLR, 6.204% (LIBOR - 1mo. + 1.75%), 7/15/2036 (n) | &nbsp;&nbsp;8481500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8041897 |
| LoanCore 2021-CRE5 Ltd., "B", FLR, 6.454% (LIBOR - 1mo. + 2%), 7/15/2036 (n) | &nbsp;&nbsp;3588000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3389339 |
| Madison Park Funding Ltd., 2014-13A, "BR2", FLR, 6.297% (LIBOR - 3mo. + 1.5%), 4/19/2030 (n) | &nbsp;&nbsp;6806093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6697025 |
| Magnetite CLO Ltd., 2015-16A, "BR", FLR, 5.995% (LIBOR - 3mo. + 1.2%), 1/18/2028 (n) | &nbsp;&nbsp;9726000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9593785 |
| Merrill Lynch Mortgage Investors, Inc., 1.315%, 2/25/2037 (a)(d) | &nbsp;&nbsp;1660442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228363 |
| MF1 2020-FL4 Ltd., "B", FLR, 7.347% (LIBOR - 1mo. + 2.75%), 11/15/2035 (n) | 10472500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10459587 |
| MF1 2021-FL5 Ltd., "B", FLR, 6.047% (LIBOR - 1mo. + 1.45%), 7/15/2036 (n) | 13063500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12618654 |
| MF1 2021-FL5 Ltd., "C", FLR, 6.297% (LIBOR - 1mo. + 1.7%), 7/15/2036 (n) | &nbsp;&nbsp;3716500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3468669 |
| MF1 2021-FL6 Ltd., "B", FLR, 6.12% (LIBOR - 1mo. + 1.65%), 7/16/2036 (n) | 10716294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10175200 |
| MF1 2022-FL8 Ltd., "C", FLR, 6.509% (SOFR - 30 day + 2.2%), 2/19/2037 (n) | &nbsp;&nbsp;2198259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2060067 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Asset-Backed & Securitized – continued | Asset-Backed & Securitized – continued | Asset-Backed & Securitized – continued |
| MF1 2022-FL9 Ltd., "B", FLR, 7.638% (SOFR - 1mo. + 3.15%), 6/19/2037 (n) | $15126500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14804260 |
| Morgan Stanley Bank of America Merrill Lynch Trust, 2017-C33, "XA", 1.251%, 5/15/2050 (i) | 33733869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1302863 |
| Morgan Stanley Capital I Trust, 2017-H1, "XA", 1.324%, 6/15/2050 (i) | 16463365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;604538 |
| Morgan Stanley Capital I Trust, 2018-H4, "XA", 0.831%, 12/15/2051 (i) | 52369200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1903238 |
| Morgan Stanley Capital I Trust, 2021-L5, "XA", 1.296%, 5/15/2054 (i) | 45319379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3135852 |
| Morgan Stanley Capital I Trust, 2021-L6, "XA", 1.227%, 6/15/2054 (i) | 43371787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2752690 |
| Navistar Financial Dealer Note Master Owner Trust, 2022-1, "A", FLR, 5.56% (SOFR - 30 day + 1.25%), 5/25/2027 (n) | 10812000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10848108 |
| NextGear Floorplan Master Owner Trust, 2022-1A, "A1", FLR, 5.328% (SOFR - 30 day + 1.05%), 3/15/2027 (n) | &nbsp;&nbsp;6113000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6114400 |
| Oaktree CLO 2019-1A Ltd., "BR", FLR, 6.565% (LIBOR - 3mo. + 1.75%), 4/22/2030 (n) | &nbsp;&nbsp;8692908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8433329 |
| Oaktree CLO 2019-1A Ltd., "CR", FLR, 7.165% (LIBOR - 3mo. + 2.35%), 4/22/2030 (n) | &nbsp;&nbsp;7442908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7102112 |
| OneMain Financial Issuance Trust, 2020-1A, "A", 3.84%, 5/14/2032 (n) | &nbsp;&nbsp;3133500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3113642 |
| OneMain Financial Issuance Trust, 2020-2A, "A", 1.75%, 9/14/2035 (n) | &nbsp;&nbsp;8570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7636607 |
| OneMain Financial Issuance Trust, 2022-S1, "A", 4.13%, 5/14/2035 (n) | &nbsp;&nbsp;5509000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5357015 |
| Ownit Mortgage Loan Asset-Backed Certificates, 3.116%, 10/25/2035 | &nbsp;&nbsp;1043205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;607044 |
| Palmer Square Loan Funding 2020-1A Ltd., "A2", FLR, 6.025% (LIBOR - 3mo. + 1.35%), 2/20/2028 (n) | 13000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12844936 |
| PFP III 2021-7 Ltd., "B", FLR, 5.854% (LIBOR - 1mo. + 1.4%), 4/14/2038 (n) | &nbsp;&nbsp;3004350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2812069 |
| PFP III 2021-7 Ltd., "C", FLR, 6.104% (LIBOR - 1mo. + 1.65%), 4/14/2038 (n) | &nbsp;&nbsp;&nbsp;&nbsp;955952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;889594 |
| PFP III 2021-8 Ltd., "B", FLR, 5.954% (LIBOR - 1mo. + 1.5%), 8/09/2037 (n) | &nbsp;&nbsp;3244500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3049979 |
| Progress Residential 2021-SFR1 Trust, "B", 1.303%, 4/17/2038 (n) | &nbsp;&nbsp;1210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1062067 |
| Progress Residential 2021-SFR1 Trust, "C", 1.555%, 4/17/2038 (n) | &nbsp;&nbsp;&nbsp;&nbsp;908000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;793962 |
| Securitized Term Auto Receivable Trust, 2019-CRTA, "B", 2.453%, 3/25/2026 (n) | &nbsp;&nbsp;&nbsp;&nbsp;210085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209122 |
| Securitized Term Auto Receivable Trust, 2019-CRTA, "C", 2.849%, 3/25/2026 (n) | &nbsp;&nbsp;&nbsp;&nbsp;269148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268034 |
| Shackleton 2013-4RA CLO Ltd., "B", FLR, 6.715% (LIBOR - 3mo. + 1.9%), 4/13/2031 (n) | &nbsp;&nbsp;2268542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2112591 |
| Shackleton 2015-8A CLO Ltd., "CR", FLR, 6.458% (LIBOR - 3mo. + 1.65%), 10/20/2027 (n) | &nbsp;&nbsp;2414922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2359847 |
| Shelter Growth CRE 2021-FL3 Ltd., "C", FLR, 6.604% (LIBOR - 1mo. + 2.15%), 9/15/2036 (n) | &nbsp;&nbsp;6411000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6043673 |
| Southwick Park CLO, Ltd., 2019-4A, "B1R", FLR, 6.307% (LIBOR - 3mo. + 1.5%), 7/20/2032 (n) | &nbsp;&nbsp;2957000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2877735 |
| Southwick Park CLO, Ltd., 2019-4A, "B2R", 2.46%, 7/20/2032 (n) | &nbsp;&nbsp;5142000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4388815 |
| Southwick Park CLO, Ltd., 2019-4A, "CR", FLR, 6.757% (LIBOR - 3mo. + 1.95%), 7/20/2032 (n) | &nbsp;&nbsp;7004000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6695677 |
| Starwood Commercial Mortgage, 2021-FL2, "B", FLR, 6.27% (LIBOR - 1mo. + 1.8%), 4/18/2038 (n) | &nbsp;&nbsp;8644500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8186559 |
| Stratus CLO 2022-3A, Ltd., "C", FLR, 8.198% (SOFR - 3mo. + 4%), 10/20/2031 (n) | &nbsp;&nbsp;8000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7972608 |
| Thornburg Mortgage Securities Trust, FLR, 5.185% (LIBOR - 1mo. + 0.68%), 4/25/2043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24735 |
| TICP CLO 2018-3R Ltd., "B", FLR, 6.157% (LIBOR - 3mo. + 1.35%), 4/20/2028 (n) | &nbsp;&nbsp;2132575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2117619 |
| TICP CLO 2018-3R Ltd., "C", FLR, 6.607% (LIBOR - 3mo. + 1.8%), 4/20/2028 (n) | &nbsp;&nbsp;3742444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3688613 |
| TPG Real Estate Finance, 2021-FL4, "AS", FLR, 5.864% (LIBOR - 1mo. + 1.4%), 3/15/2038 (n) | &nbsp;&nbsp;6062000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5760470 |
| TPG Real Estate Finance, 2021-FL4, "B", FLR, 6.314% (LIBOR - 1mo. + 1.85%), 3/15/2038 (n) | 13226000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12563034 |
| UBS Commercial Mortgage Trust, 2017-C1, "XA", 1.014%, 11/15/2050 (i) | 23696419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;838263 |
| UBS Commercial Mortgage Trust, 2018-C14, "XA", 0.91%, 12/15/2051 (i) | 21392789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;851315 |
| Wells Fargo Commercial Mortgage Trust, 2021-C61, "XA", 1.368%, 11/15/2054 (i) | 47206491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3551760 |
| Westlake Automobile Receivable Trust, 2023-1A, "A2B", FLR, 5.25% (SOFR - 1mo. + 0.85%), 6/15/2026 (n) | &nbsp;&nbsp;3076000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3075986 |
| World Omni Auto Receivables Trust, 3.67%, 6/15/2027 | &nbsp;&nbsp;3072000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2997823 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$596623333 |
| Automotive – 2.4% | Automotive – 2.4% | Automotive – 2.4% |
| Daimler Trucks Finance North America LLC, 1.625%, 12/13/2024 (n) | $10519000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9883637 |
| Daimler Trucks Finance North America LLC, 5.2%, 1/17/2025 (n) | &nbsp;&nbsp;2231000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2242525 |
| General Motors Financial Co., 1.7%, 8/18/2023 | &nbsp;&nbsp;7349000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7208826 |
| Hyundai Capital America, 2.375%, 2/10/2023 (n) | &nbsp;&nbsp;2145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2143335 |
| Hyundai Capital America, 5.75%, 4/06/2023 (n) | 12206000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12211981 |
| Hyundai Capital America, 0.8%, 1/08/2024 (n) | &nbsp;&nbsp;&nbsp;&nbsp;863000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;828082 |
| Hyundai Capital America, 5.875%, 4/07/2025 (n) | &nbsp;&nbsp;8600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8687729 |
| Mercedes-Benz Finance North America LLC, 0.75%, 3/01/2024 (n) | &nbsp;&nbsp;5167000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4937787 |
| Stellantis Finance US, Inc., 1.711%, 1/29/2027 (n) | &nbsp;&nbsp;8000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7053766 |
| Volkswagen Group of America Finance LLC, 3.125%, 5/12/2023 (n) | &nbsp;&nbsp;1111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1105440 |
| Volkswagen Group of America Finance LLC, 2.85%, 9/26/2024 (n) | &nbsp;&nbsp;4128000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3980393 |
| Volkswagen Group of America Finance LLC, 3.35%, 5/13/2025 (n) | &nbsp;&nbsp;7295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7025667 |
| Volkswagen Group of America Finance LLC, 1.25%, 11/24/2025 (n) | &nbsp;&nbsp;5071000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4583904 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$71893072 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Broadcasting – 0.8% | Broadcasting – 0.8% | Broadcasting – 0.8% |
| Warnermedia Holdings, Inc., 3.788%, 3/15/2025 (n) | $17801000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$17196669 |
| Warnermedia Holdings, Inc., 3.755%, 3/15/2027 (n) | &nbsp;&nbsp;6864000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6433058 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$23629727 |
| Brokerage & Asset Managers – 1.5% | Brokerage & Asset Managers – 1.5% | Brokerage & Asset Managers – 1.5% |
| Brookfield Finance, Inc., 3.9%, 1/25/2028 | $13949000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13325233 |
| Charles Schwab Corp., 0.75%, 3/18/2024 | &nbsp;&nbsp;6272000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5995454 |
| National Securities Clearing Corp., 1.2%, 4/23/2023 (n) | &nbsp;&nbsp;9500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9426288 |
| National Securities Clearing Corp., 0.4%, 12/07/2023 (n) | &nbsp;&nbsp;5086000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4901979 |
| National Securities Clearing Corp., 1.5%, 4/23/2025 (n) | &nbsp;&nbsp;3257000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3040110 |
| National Securities Clearing Corp., 0.75%, 12/07/2025 (n) | 10182000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9170385 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$45859449 |
| Business Services – 1.0% | Business Services – 1.0% | Business Services – 1.0% |
| Equinix, Inc., 1.25%, 7/15/2025 | $&nbsp;&nbsp;6132000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5613875 |
| Global Payments, Inc., 1.2%, 3/01/2026 | &nbsp;&nbsp;8692000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7728550 |
| Tencent Holdings Ltd., 1.81%, 1/26/2026 (n) | &nbsp;&nbsp;7043000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6468259 |
| Western Union Co., 1.35%, 3/15/2026 | 11707000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10415750 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$30226434 |
| Cable TV – 0.3% | Cable TV – 0.3% | Cable TV – 0.3% |
| SES S.A., 3.6%, 4/04/2023 (n) | $10292000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10228157 |
| Chemicals – 0.1% | Chemicals – 0.1% | Chemicals – 0.1% |
| Westlake Chemical Corp., 0.875%, 8/15/2024 | $&nbsp;&nbsp;3244000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3037333 |
| Computer Software – 0.3% | Computer Software – 0.3% | Computer Software – 0.3% |
| Dell International LLC/EMC Corp., 4%, 7/15/2024 | $&nbsp;&nbsp;4900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4832767 |
| Dell International LLC/EMC Corp., 5.85%, 7/15/2025 | &nbsp;&nbsp;1522000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1550843 |
| Infor, Inc., 1.45%, 7/15/2023 (n) | &nbsp;&nbsp;1594000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1560035 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7943645 |
| Computer Software - Systems – 0.3% | Computer Software - Systems – 0.3% | Computer Software - Systems – 0.3% |
| VMware, Inc., 1%, 8/15/2024 | $&nbsp;&nbsp;5405000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5081934 |
| VMware, Inc., 1.4%, 8/15/2026 | &nbsp;&nbsp;4186000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3706759 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8788693 |
| Conglomerates – 0.9% | Conglomerates – 0.9% | Conglomerates – 0.9% |
| Carrier Global Corp., 2.242%, 2/15/2025 | $&nbsp;&nbsp;&nbsp;&nbsp;956000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$907562 |
| Regal Rexnord Corp., 6.05%, 2/15/2026 (n) | &nbsp;&nbsp;9148000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9296419 |
| Regal Rexnord Corp., 6.05%, 4/15/2028 (n) | &nbsp;&nbsp;5533000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5617188 |
| Westinghouse Air Brake Technologies Corp., 4.4%, 3/15/2024 | &nbsp;&nbsp;9885000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9759502 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$25580671 |
| Consumer Products – 0.5% | Consumer Products – 0.5% | Consumer Products – 0.5% |
| GSK Consumer Healthcare Capital UK PLC, 3.125%, 3/24/2025 | $10091000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9706283 |
| GSK Consumer Healthcare Capital UK PLC, 3.375%, 3/24/2027 | &nbsp;&nbsp;4466000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4227410 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13933693 |
| Containers – 0.5% | Containers – 0.5% | Containers – 0.5% |
| Berry Global, Inc., 1.57%, 1/15/2026 | $&nbsp;&nbsp;7474000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6756297 |
| Berry Global, Inc., 1.65%, 1/15/2027 | &nbsp;&nbsp;9789000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8563516 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15319813 |
| Electronics – 1.4% | Electronics – 1.4% | Electronics – 1.4% |
| Broadcom, Inc., 3.15%, 11/15/2025 | $&nbsp;&nbsp;5544000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5300111 |
| Microchip Technology, Inc., 0.983%, 9/01/2024 | 18197000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17041484 |
| Qorvo, Inc., 1.75%, 12/15/2024 (n) | &nbsp;&nbsp;3654000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3418975 |
| SK Hynix, Inc., 6.25%, 1/17/2026 (n) | 12203000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12331986 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Electronics – continued | Electronics – continued | Electronics – continued |
| Skyworks Solutions, Inc., 0.9%, 6/01/2023 | $&nbsp;&nbsp;3692000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3634982 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$41727538 |
| Emerging Market Quasi-Sovereign – 0.4% | Emerging Market Quasi-Sovereign – 0.4% | Emerging Market Quasi-Sovereign – 0.4% |
| DAE Funding LLC (United Arab Emirates), 1.55%, 8/01/2024 (n) | $&nbsp;&nbsp;3903000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3685828 |
| DAE Funding LLC (United Arab Emirates), 2.625%, 3/20/2025 (n) | &nbsp;&nbsp;6500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6131645 |
| Indian Oil Corp. Ltd., 5.75%, 8/01/2023 | &nbsp;&nbsp;2973000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2979896 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12797369 |
| Emerging Market Sovereign – 0.3% | Emerging Market Sovereign – 0.3% | Emerging Market Sovereign – 0.3% |
| Emirate of Abu Dhabi, 0.75%, 9/02/2023 (n) | $&nbsp;&nbsp;7805000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7609875 |
| Energy - Independent – 0.4% | Energy - Independent – 0.4% | Energy - Independent – 0.4% |
| EQT Corp., 5.678%, 10/01/2025 | $&nbsp;&nbsp;3011000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3014929 |
| EQT Corp., 5.7%, 4/01/2028 | &nbsp;&nbsp;3013000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3048584 |
| Pioneer Natural Resources Co., 0.55%, 5/15/2023 | &nbsp;&nbsp;5857000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5785017 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11848530 |
| Energy - Integrated – 0.6% | Energy - Integrated – 0.6% | Energy - Integrated – 0.6% |
| Eni S.p.A., 4%, 9/12/2023 (n) | $&nbsp;&nbsp;9261000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9195251 |
| Exxon Mobil Corp., 1.571%, 4/15/2023 | &nbsp;&nbsp;9200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9139711 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18334962 |
| Financial Institutions – 2.1% | Financial Institutions – 2.1% | Financial Institutions – 2.1% |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 4.875%, 1/16/2024 | $&nbsp;&nbsp;6254000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6218505 |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.15%, 2/15/2024 | 11511000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11220740 |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 1.75%, 10/29/2024 | &nbsp;&nbsp;5472000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5103133 |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 6.5%, 7/15/2025 | &nbsp;&nbsp;5664000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5767653 |
| Air Lease Corp., 2.2%, 1/15/2027 | &nbsp;&nbsp;7822000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7013332 |
| Avolon Holdings Funding Ltd., 3.95%, 7/01/2024 (n) | &nbsp;&nbsp;5703000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5526284 |
| Avolon Holdings Funding Ltd., 5.5%, 1/15/2026 (n) | &nbsp;&nbsp;3134000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3080637 |
| Avolon Holdings Funding Ltd., 2.125%, 2/21/2026 (n) | &nbsp;&nbsp;8784000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7857780 |
| Avolon Holdings Funding Ltd., 4.25%, 4/15/2026 (n) | &nbsp;&nbsp;2797000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2656140 |
| Avolon Holdings Funding Ltd., 2.528%, 11/18/2027 (n) | &nbsp;&nbsp;6154000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5310918 |
| Avolon Holdings Funding Ltd., 2.75%, 2/21/2028 (n) | &nbsp;&nbsp;4709000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4056966 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$63812088 |
| Food & Beverages – 1.4% | Food & Beverages – 1.4% | Food & Beverages – 1.4% |
| General Mills, Inc., 5.241%, 11/18/2025 | $&nbsp;&nbsp;7214000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7251788 |
| JBS USA Lux S.A./JBS USA Food Co./JBS USA Finance, Inc., 5.125%, 2/01/2028 (n) | &nbsp;&nbsp;4517000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4418635 |
| JBS USA Lux S.A./JBS USA Food Co./JBS USA Finance, Inc., 3%, 2/02/2029 (n) | 11955000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10261574 |
| JDE Peet's N.V., 0.8%, 9/24/2024 (n) | 11971000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11058120 |
| JDE Peet's N.V., 1.375%, 1/15/2027 (n) | &nbsp;&nbsp;8356000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7249610 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$40239727 |
| Food & Drug Stores – 0.6% | Food & Drug Stores – 0.6% | Food & Drug Stores – 0.6% |
| 7-Eleven, Inc., 0.625%, 2/10/2023 (n) | $10326000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10315158 |
| 7-Eleven, Inc., 0.8%, 2/10/2024 (n) | &nbsp;&nbsp;7744000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7404018 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$17719176 |
| Forest & Paper Products – 0.2% | Forest & Paper Products – 0.2% | Forest & Paper Products – 0.2% |
| Fibria Overseas Finance Ltd., 5.5%, 1/17/2027 | $&nbsp;&nbsp;5928000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5957096 |
| Gaming & Lodging – 1.5% | Gaming & Lodging – 1.5% | Gaming & Lodging – 1.5% |
| GLP Capital LP/GLP Financing II, Inc., 5.375%, 11/01/2023 | $&nbsp;&nbsp;4936000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4938468 |
| GLP Capital LP/GLP Financing II, Inc., 5.25%, 6/01/2025 | &nbsp;&nbsp;8847000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8781355 |
| GLP Capital LP/GLP Financing II, Inc., 5.375%, 4/15/2026 | &nbsp;&nbsp;1551000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1549418 |
| Hyatt Hotels Corp., 1.3%, 10/01/2023 | &nbsp;&nbsp;8139000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7921696 |
| Hyatt Hotels Corp., 1.8%, 10/01/2024 | &nbsp;&nbsp;7537000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7151199 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Gaming & Lodging – continued | Gaming & Lodging – continued | Gaming & Lodging – continued |
| Las Vegas Sands Corp., 3.2%, 8/08/2024 | $&nbsp;&nbsp;5950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5726170 |
| Marriott International, Inc., 5.75%, 5/01/2025 | &nbsp;&nbsp;1617000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1644467 |
| Marriott International, Inc., 3.75%, 10/01/2025 | &nbsp;&nbsp;1655000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1607344 |
| Sands China Ltd., 4.3%, 1/08/2026 | &nbsp;&nbsp;6819000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6468148 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$45788265 |
| Industrial – 0.1% | Industrial – 0.1% | Industrial – 0.1% |
| Howard University, Washington D.C., 2.801%, 10/01/2023 | $&nbsp;&nbsp;&nbsp;&nbsp;424000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$417410 |
| Howard University, Washington D.C., AGM, 2.416%, 10/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp;467000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443351 |
| Howard University, Washington D.C., AGM, 2.516%, 10/01/2025 | &nbsp;&nbsp;&nbsp;&nbsp;578000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;545093 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1405854 |
| Insurance – 0.9% | Insurance – 0.9% | Insurance – 0.9% |
| AIG Global Funding, 0.8%, 7/07/2023 (n) | $&nbsp;&nbsp;4511000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4430776 |
| Corebridge Financial, Inc., 3.5%, 4/04/2025 (n) | &nbsp;&nbsp;3720000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3595179 |
| Corebridge Financial, Inc., 3.65%, 4/05/2027 (n) | &nbsp;&nbsp;7440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7111033 |
| Equitable Financial Life Insurance Co., 1.4%, 7/07/2025 (n) | &nbsp;&nbsp;4044000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3711232 |
| Metropolitan Life Global Funding I, 0.4%, 1/07/2024 (n) | &nbsp;&nbsp;7624000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7309763 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$26157983 |
| Insurance - Property & Casualty – 0.0% | Insurance - Property & Casualty – 0.0% | Insurance - Property & Casualty – 0.0% |
| Ambac Assurance Corp., 5.1%, 6/07/2060 (z) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$34212 |
| Internet – 0.1% | Internet – 0.1% | Internet – 0.1% |
| Baidu, Inc., 3.875%, 9/29/2023 | $&nbsp;&nbsp;3736000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3699537 |
| Machinery & Tools – 0.4% | Machinery & Tools – 0.4% | Machinery & Tools – 0.4% |
| CNH Industrial Capital LLC, 4.2%, 1/15/2024 | $&nbsp;&nbsp;6502000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6444197 |
| CNH Industrial Capital LLC, 1.875%, 1/15/2026 | &nbsp;&nbsp;2401000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2222689 |
| CNH Industrial N.V., 4.5%, 8/15/2023 | &nbsp;&nbsp;4043000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4027504 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12694390 |
| Major Banks – 17.9% | Major Banks – 17.9% | Major Banks – 17.9% |
| Bank of America Corp., 4.2%, 8/26/2024 | $&nbsp;&nbsp;3106000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3071920 |
| Bank of America Corp., 4.45%, 3/03/2026 | &nbsp;&nbsp;6999000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6935787 |
| Bank of America Corp., 4.25%, 10/22/2026 | &nbsp;&nbsp;4033000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3954196 |
| Bank of America Corp., 1.734% to 7/22/2026, FLR (SOFR - 1 day + 0.96%) to 7/22/2027 | 22751000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20385186 |
| Bank of America Corp., 4.183%, 11/25/2027 | &nbsp;&nbsp;6721000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6599698 |
| Barclays PLC, 1.007% to 12/10/2023, FLR (CMT - 1yr. + 0.8%) to 12/10/2024 | &nbsp;&nbsp;2837000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2729835 |
| Barclays PLC, 2.852% to 5/07/2025, FLR (LIBOR - 3mo. + 2.452%) to 5/07/2026 | &nbsp;&nbsp;2564000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2425247 |
| Barclays PLC, 2.279% to 11/24/2026, FLR (CMT - 1yr. + 1.05%) to 11/24/2027 | 10326000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9256343 |
| BNP Paribas S.A., 2.591% to 1/20/2027, FLR (SOFR - 1 day + 1.228%) to 1/20/2028 (n) | 12560000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11390618 |
| Capital One Financial Corp., 4.166% to 5/09/2024, FLR (SOFR - 1 day + 1.37%) to 5/09/2025 | &nbsp;&nbsp;6912000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6799372 |
| Capital One Financial Corp., 2.636% to 3/03/2025, FLR (SOFR - 1 day + 1.29%) to 3/03/2026 | 12928000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12242588 |
| Credit Agricole S.A., 1.907% to 6/16/2025, FLR (SOFR - 1 day + 1.676%) to 6/16/2026 (n) | &nbsp;&nbsp;2080000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1920857 |
| Deutsche Bank AG, 0.898%, 5/28/2024 | &nbsp;&nbsp;2663000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2516796 |
| Deutsche Bank AG, 1.447% to 4/01/2024, FLR (SOFR - 1 day + 1.131%) to 4/01/2025 | 12981000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12260712 |
| Deutsche Bank AG, 2.311% to 11/16/2026, FLR (SOFR - 1 day + 1.219%) to 11/16/2027 | &nbsp;&nbsp;3240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2863580 |
| Deutsche Bank AG, 6.72% to 1/18/2028, FLR (SOFR - 1 day + 3.18%) to 1/18/2029 | &nbsp;&nbsp;&nbsp;&nbsp;680000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;715519 |
| Goldman Sachs Group, Inc., 1.757% to 1/24/2024, FLR (SOFR - 1 day + 0.73%) to 1/24/2025 | 10205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9824864 |
| Goldman Sachs Group, Inc., 3.5%, 4/01/2025 | &nbsp;&nbsp;5300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5144834 |
| Goldman Sachs Group, Inc., 1.093% to 12/09/2025, FLR (SOFR - 1 day + 0.789%) to 12/09/2026 | &nbsp;&nbsp;4637000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4144995 |
| Goldman Sachs Group, Inc., 5.95%, 1/15/2027 | 14381000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14955407 |
| Goldman Sachs Group, Inc., 1.948% to 10/21/2026, FLR (SOFR - 1 day + 0.913%) to 10/21/2027 | &nbsp;&nbsp;8452000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7565637 |
| HSBC Holdings PLC, 2.099% to 6/04/2025, FLR (SOFR - 1 day + 1.929%) to 6/04/2026 | &nbsp;&nbsp;4303000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3988089 |
| HSBC Holdings PLC, 7.336% to 11/03/2025, FLR (SOFR - 1 day + 3.03%) to 11/03/2026 | &nbsp;&nbsp;4354000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4595647 |
| HSBC Holdings PLC, 1.589% to 5/24/2026, FLR (SOFR - 1 day + 1.29%) to 5/24/2027 | &nbsp;&nbsp;3448000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3054838 |
| HSBC Holdings PLC, 2.251% to 11/22/2026, FLR (SOFR - 1 day + 1.1%) to 11/22/2027 | 12000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10771073 |
| Huntington Bancshares, Inc., 4.008% to 5/16/2024, FLR (SOFR - 1 day + 1.205%) to 5/16/2025 | &nbsp;&nbsp;5554000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5468610 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Major Banks – continued | Major Banks – continued | Major Banks – continued |
| Huntington Bancshares, Inc., 5.699% to 11/18/2024, FLR (SOFR - 1 day + 1.215%) to 11/18/2025 | $&nbsp;&nbsp;9500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9607748 |
| JPMorgan Chase & Co., 3.375%, 5/01/2023 | &nbsp;&nbsp;4455000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4439607 |
| JPMorgan Chase & Co., 3.797% to 7/23/2023, FLR (LIBOR - 3mo. + 0.89%) to 7/23/2024 | &nbsp;&nbsp;7253000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7204548 |
| JPMorgan Chase & Co., 5.546% to 12/15/2024, FLR (SOFR - 1 day + 1.07%) to 12/15/2025 | &nbsp;&nbsp;8000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8064547 |
| JPMorgan Chase & Co., 2.005% to 3/13/2025, FLR (SOFR - 1 day + 1.585%) to 3/13/2026 | &nbsp;&nbsp;7223000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6794807 |
| JPMorgan Chase & Co., 1.04% to 2/04/2026, FLR (SOFR - 1 day + 0.695%) to 2/04/2027 | &nbsp;&nbsp;6220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5538767 |
| JPMorgan Chase & Co., 1.578% to 4/22/2026, FLR (SOFR - 1 day + 0.885%) to 4/22/2027 | &nbsp;&nbsp;5268000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4734569 |
| JPMorgan Chase & Co., 1.47% to 9/22/2026, FLR (SOFR - 1 day + 0.765%) to 9/22/2027 | 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8859005 |
| JPMorgan Chase & Co., 4.25%, 10/01/2027 | &nbsp;&nbsp;6722000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6655802 |
| Lloyds Banking Group PLC, 3.511% to 3/18/2025, FLR (CMT - 1yr. + 1.6%) to 3/18/2026 | 15414000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14831731 |
| Mitsubishi UFJ Financial Group, Inc., 0.848% to 9/15/2023, FLR (CMT - 1yr. + 0.68%) to 9/15/2024 | 10500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10186676 |
| Mitsubishi UFJ Financial Group, Inc., 0.953% to 7/19/2024, FLR (CMT - 1yr. + 0.55%) to 7/19/2025 | &nbsp;&nbsp;7128000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6680786 |
| Mitsubishi UFJ Financial Group, Inc., 0.962% to 10/11/2024, FLR (CMT - 1yr. + 0.45%) to 10/11/2025 | &nbsp;&nbsp;7021000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6515636 |
| Mizuho Financial Group, 0.849% to 9/08/2023, FLR (LIBOR - 3mo. + 0.61%) to 9/08/2024 | &nbsp;&nbsp;7800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7575940 |
| Morgan Stanley, 5.04% to 11/10/2022, FLR (SOFR - 1 day + 0.466%) to 11/10/2023 | &nbsp;&nbsp;9002000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8997589 |
| Morgan Stanley, 5% to 1/25/2023, FLR (SOFR - 1 day + 0.455%) to 1/25/2024 | 12221000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12209011 |
| Morgan Stanley, 0.864% to 10/21/2024, FLR (SOFR - 1 day + 0.745%) to 10/21/2025 | &nbsp;&nbsp;8651000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8017337 |
| Morgan Stanley, 4.35%, 9/08/2026 | &nbsp;&nbsp;9466000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9279699 |
| Morgan Stanley, 3.625%, 1/20/2027 | &nbsp;&nbsp;6092000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5904903 |
| Morgan Stanley, 3.95%, 4/23/2027 | &nbsp;&nbsp;2189000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2115995 |
| Morgan Stanley, 1.512% to 7/20/2026, FLR (SOFR - 1 day + 0.858%) to 7/20/2027 | &nbsp;&nbsp;7636000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6813058 |
| Nationwide Building Society, 2.972% to 2/16/2027, FLR (SOFR - 1 day + 1.29%) to 2/16/2028 (n) | &nbsp;&nbsp;9261000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8422025 |
| NatWest Group PLC, 2.359% to 5/22/2023, FLR (CMT - 1yr. + 2.15%) to 5/22/2024 | &nbsp;&nbsp;8063000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7976030 |
| NatWest Group PLC, 4.269% to 3/22/2024, FLR (LIBOR - 3mo. + 1.762%) to 3/22/2025 | 15826000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15621818 |
| NatWest Markets PLC, 3.479%, 3/22/2025 (n) | &nbsp;&nbsp;8888000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8581234 |
| PNC Bank N.A., 2.5%, 8/27/2024 | &nbsp;&nbsp;4237000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4092540 |
| PNC Financial Services Group, Inc., 5.354% to 12/02/2027, FLR (SOFR - 1 day + 1.62%) to 12/02/2028 | 15162000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15608338 |
| Royal Bank of Canada, 1.6%, 4/17/2023 | 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9943610 |
| Royal Bank of Canada, 0.5%, 10/26/2023 | 16550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16023136 |
| Standard Chartered PLC, 0.991% to 1/12/2024, FLR (CMT - 1yr. + 0.78%) to 1/12/2025 (n) | &nbsp;&nbsp;5088000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4867984 |
| Standard Chartered PLC, 1.214% to 3/23/2024, FLR (CMT - 1yr. + 0.88%) to 3/23/2025 (n) | &nbsp;&nbsp;2614000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2484070 |
| Standard Chartered PLC, 1.822% to 11/23/2024, FLR (CMT - 1yr. + 0.95%) to 11/23/2025 (n) | &nbsp;&nbsp;2554000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2373593 |
| Standard Chartered PLC, 3.971% to 3/30/2025, FLR (CMT - 1yr. + 1.65%) to 3/30/2026 (n) | &nbsp;&nbsp;3723000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3599432 |
| Standard Chartered PLC, 6.17%, 1/09/2027 (n) | &nbsp;&nbsp;4409000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4516999 |
| Sumitomo Mitsui Financial Group, Inc., 0.508%, 1/12/2024 | &nbsp;&nbsp;2541000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2433811 |
| Sumitomo Mitsui Financial Group, Inc., 1.474%, 7/08/2025 | &nbsp;&nbsp;7574000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6957793 |
| Sumitomo Mitsui Financial Group, Inc., 2.174%, 1/14/2027 | &nbsp;&nbsp;8414000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7583611 |
| Sumitomo Mitsui Trust Bank Ltd., 0.8%, 9/12/2023 (n) | &nbsp;&nbsp;9000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8768064 |
| Sumitomo Mitsui Trust Bank Ltd., 0.85%, 3/25/2024 (n) | &nbsp;&nbsp;5661000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5391294 |
| UBS Group AG, 1.008% to 7/30/2023, FLR (CMT - 1yr. + 0.83%) to 7/30/2024 (n) | &nbsp;&nbsp;2226000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2179403 |
| UBS Group AG, 5.711%, 1/12/2027 (n) | 10083000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10212557 |
| UBS Group AG, 4.703% to 8/05/2026, FLR (CMT - 1yr. + 2.05%) to 8/05/2027 (n) | &nbsp;&nbsp;6561000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6475870 |
| UniCredit S.p.A., 2.569% to 9/22/2025, FLR (CMT - 1yr. + 2.3%) to 9/22/2026 (n) | &nbsp;&nbsp;8699000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7891803 |
| Wells Fargo & Co., 1.654% to 6/02/2023, FLR (SOFR - 1 day + 1.6%) to 6/02/2024 | 13775000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13613010 |
| Wells Fargo & Co., 2.164% to 2/11/2025, FLR (LIBOR - 3mo. + 0.75%) to 2/11/2026 | &nbsp;&nbsp;9707000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9159543 |
| Wells Fargo & Co., 3.526% to 3/24/2027, FLR (SOFR - 1 day + 1.51%) to 3/24/2028 | 13228000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12579867 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$533967444 |
| Medical & Health Technology & Services – 1.6% | Medical & Health Technology & Services – 1.6% | Medical & Health Technology & Services – 1.6% |
| HCA, Inc., 5%, 3/15/2024 | $&nbsp;&nbsp;7222000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7205030 |
| HCA, Inc., 3.125%, 3/15/2027 (n) | &nbsp;&nbsp;7303000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6789261 |
| PerkinElmer, Inc., 0.85%, 9/15/2024 | 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9358700 |
| Thermo Fisher Scientific, Inc., 1.215%, 10/18/2024 | 25217000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23816109 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$47169100 |
| Metals & Mining – 1.1% | Metals & Mining – 1.1% | Metals & Mining – 1.1% |
| Anglo American Capital PLC, 4.75%, 4/10/2027 (n) | $10084000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10037703 |
| Glencore Funding LLC, 4.125%, 3/12/2024 (n) | &nbsp;&nbsp;4410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4358057 |
| Glencore Funding LLC, 4.625%, 4/29/2024 (n) | &nbsp;&nbsp;3375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3350576 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Metals & Mining – continued | Metals & Mining – continued | Metals & Mining – continued |
| Glencore Funding LLC, 1.625%, 9/01/2025 (n) | $&nbsp;&nbsp;7900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7242396 |
| Glencore Funding LLC, 1.625%, 4/27/2026 (n) | &nbsp;&nbsp;8268000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7443777 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$32432509 |
| Midstream – 1.4% | Midstream – 1.4% | Midstream – 1.4% |
| DCP Midstream Operating, LP, 5.625%, 7/15/2027 | $&nbsp;&nbsp;3663000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3717639 |
| Enbridge, Inc., 2.5%, 2/14/2025 | &nbsp;&nbsp;6525000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6208672 |
| Energy Transfer LP, 2.9%, 5/15/2025 | &nbsp;&nbsp;3676000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3506992 |
| Energy Transfer LP, 5.55%, 2/15/2028 | &nbsp;&nbsp;3921000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3984638 |
| Gray Oak Pipeline LLC, 2%, 9/15/2023 (n) | &nbsp;&nbsp;7337000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7168623 |
| Plains All American Pipeline LP, 3.85%, 10/15/2023 | &nbsp;&nbsp;3750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3712344 |
| Plains All American Pipeline LP/PAA Finance Corp., 4.65%, 10/15/2025 | 10480000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10370390 |
| Western Midstream Operating LP, 3.35%, 2/01/2025 | &nbsp;&nbsp;3357000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3205935 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$41875233 |
| Mortgage-Backed – 0.4% | Mortgage-Backed – 0.4% |  |
| Fannie Mae, 4.5%, 3/01/2023 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1143 |
| Fannie Mae, 5%, 7/01/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6138 |
| Fannie Mae, 3%, 12/01/2031 | &nbsp;&nbsp;1041614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1014369 |
| Fannie Mae, 2.105%, 3/01/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31765 |
| Fannie Mae, 3.375%, 5/01/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70528 |
| Fannie Mae, 2%, 5/25/2044 | &nbsp;&nbsp;&nbsp;&nbsp;536727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;517212 |
| Freddie Mac, 0.903%, 4/25/2024 (i) | &nbsp;&nbsp;&nbsp;&nbsp;214670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1861 |
| Freddie Mac, 1.583%, 4/25/2030 (i) | 29012112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2535891 |
| Freddie Mac, 3%, 4/15/2033 - 6/15/2045 | &nbsp;&nbsp;8257713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7805547 |
| Freddie Mac, 2%, 7/15/2042 | &nbsp;&nbsp;1218882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1127818 |
| Ginnie Mae, 2.625%, 7/20/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27996 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13140268 |
| Municipals – 1.1% | Municipals – 1.1% | Municipals – 1.1% |
| California Earthquake Authority Rev., Taxable, "B", 1.477%, 7/01/2023 | $&nbsp;&nbsp;2425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2388784 |
| California Municipal Finance Authority Rev., Taxable (Century Housing Corp.), 1.605%, 11/01/2023 | &nbsp;&nbsp;1295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1258882 |
| Illinois Sales Tax Securitization Corp., Second Lien, Taxable, "B", BAM, 2.225%, 1/01/2024 | &nbsp;&nbsp;2890000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2822477 |
| Long Island, NY, Power Authority, Electric System General Rev., Taxable, "C", 0.764%, 3/01/2023 | &nbsp;&nbsp;3570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3557514 |
| Massachusetts Educational Financing Authority, Education Loan Rev., Taxable, "A", 1.904%, 7/01/2023 | &nbsp;&nbsp;&nbsp;&nbsp;360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355501 |
| Massachusetts Educational Financing Authority, Education Loan Rev., Taxable, "A", 2.156%, 7/01/2024 | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;961184 |
| Massachusetts Educational Financing Authority, Education Loan Rev., Taxable, "A", 2.306%, 7/01/2025 | &nbsp;&nbsp;&nbsp;&nbsp;790000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;742925 |
| Massachusetts Educational Financing Authority, Education Loan Rev., Taxable, "A", 2.562%, 7/01/2026 | &nbsp;&nbsp;1005000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;937293 |
| Michigan Finance Authority Tobacco Settlement Asset-Backed Rev., Taxable (2006 Sold Tobacco Receipts), "A-1", 2.326%, 6/01/2030 | &nbsp;&nbsp;2073278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1984791 |
| New Jersey Economic Development Authority State Pension Funding Rev., Capital Appreciation, Taxable, "B", AGM, 0%, 2/15/2023 | 10353000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10334696 |
| New Jersey Transportation Trust Fund Authority, Transportation System, Taxable, "B", 2.551%, 6/15/2023 | &nbsp;&nbsp;1835000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1817401 |
| New Jersey Transportation Trust Fund Authority, Transportation System, Taxable, "B", 2.631%, 6/15/2024 | &nbsp;&nbsp;1720000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1661632 |
| Port Authority of NY & NJ, Taxable, "AAA", 1.086%, 7/01/2023 | &nbsp;&nbsp;4925000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4850330 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$33673410 |
| Natural Gas - Distribution – 0.7% | Natural Gas - Distribution – 0.7% | Natural Gas - Distribution – 0.7% |
| Atmos Energy Corp., 0.625%, 3/09/2023 | $14123000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14064627 |
| CenterPoint Energy Resources Corp., 0.7%, 3/02/2023 | &nbsp;&nbsp;7769000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7744783 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$21809410 |
| Natural Gas - Pipeline – 0.5% | Natural Gas - Pipeline – 0.5% | Natural Gas - Pipeline – 0.5% |
| APA Infrastructure Ltd., 4.2%, 3/23/2025 (n) | $14780000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14428817 |
| Network & Telecom – 0.5% | Network & Telecom – 0.5% | Network & Telecom – 0.5% |
| AT&T, Inc., 0.9%, 3/25/2024 | $15796000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15111113 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Oils – 0.2% | Oils – 0.2% | Oils – 0.2% |
| Valero Energy Corp., 1.2%, 3/15/2024 | $&nbsp;&nbsp;7070000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6777511 |
| Other Banks & Diversified Financials – 1.5% | Other Banks & Diversified Financials – 1.5% | Other Banks & Diversified Financials – 1.5% |
| American Express Co., 2.25%, 3/04/2025 | $&nbsp;&nbsp;6463000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6148843 |
| Banque Federative du Credit Mutuel S.A., 0.65%, 2/27/2024 (n) | 10142000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9686117 |
| Groupe BPCE S.A., 4%, 9/12/2023 (n) | &nbsp;&nbsp;3667000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3631063 |
| Groupe BPCE S.A., FLR, 5.975% (LIBOR - 3mo. + 1.24%), 9/12/2023 (n) | &nbsp;&nbsp;3667000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3672486 |
| Macquarie Group Ltd., 1.201% to 10/14/2024, FLR (SOFR - 1 day + 0.694%) to 10/14/2025 (n) | 10208000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9455380 |
| Macquarie Group Ltd., 1.34% to 1/12/2026, FLR (SOFR - 1 day + 1.069%) to 1/12/2027 (n) | &nbsp;&nbsp;6707000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5960980 |
| National Bank of Canada, 0.55% to 11/15/2023, FLR (CMT - 1yr. + 0.4%) to 11/15/2024 | &nbsp;&nbsp;5738000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5530190 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$44085059 |
| Pharmaceuticals – 0.2% | Pharmaceuticals – 0.2% | Pharmaceuticals – 0.2% |
| Royalty Pharma PLC, 0.75%, 9/02/2023 | $&nbsp;&nbsp;7338000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7152571 |
| Railroad & Shipping – 0.4% | Railroad & Shipping – 0.4% | Railroad & Shipping – 0.4% |
| Canadian Pacific Railway Co., 1.35%, 12/02/2024 | $11123000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10452650 |
| Real Estate - Office – 0.4% | Real Estate - Office – 0.4% | Real Estate - Office – 0.4% |
| Corporate Office Property LP, REIT, 2.25%, 3/15/2026 | $13184000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11931604 |
| Retailers – 0.7% | Retailers – 0.7% | Retailers – 0.7% |
| Alibaba Group Holding Ltd., 2.8%, 6/06/2023 | $&nbsp;&nbsp;5754000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5708372 |
| Kohl's Corp., 9.5%, 5/15/2025 | &nbsp;&nbsp;9595000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10221680 |
| Nordstrom, Inc., 2.3%, 4/08/2024 | &nbsp;&nbsp;3956000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3754719 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$19684771 |
| Specialty Stores – 0.4% | Specialty Stores – 0.4% | Specialty Stores – 0.4% |
| Genuine Parts Co., 1.75%, 2/01/2025 | $&nbsp;&nbsp;5643000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5305212 |
| Ross Stores, Inc., 0.875%, 4/15/2026 | &nbsp;&nbsp;7614000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6771701 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12076913 |
| Telecommunications - Wireless – 1.1% | Telecommunications - Wireless – 1.1% | Telecommunications - Wireless – 1.1% |
| Crown Castle, Inc., REIT, 3.15%, 7/15/2023 | $&nbsp;&nbsp;5334000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5293459 |
| Crown Castle, Inc., REIT, 1.35%, 7/15/2025 | &nbsp;&nbsp;1776000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1631614 |
| Crown Castle, Inc., REIT, 2.9%, 3/15/2027 | &nbsp;&nbsp;3817000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3549256 |
| Rogers Communications, Inc., 3.2%, 3/15/2027 (n) | 12002000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11287295 |
| T-Mobile USA, Inc., 3.5%, 4/15/2025 | 10518000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10213446 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$31975070 |
| Tobacco – 0.9% | Tobacco – 0.9% | Tobacco – 0.9% |
| B.A.T. Capital Corp., 3.222%, 8/15/2024 | $&nbsp;&nbsp;4881000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4747806 |
| Imperial Brands Finance PLC, 6.125%, 7/27/2027 (n) | &nbsp;&nbsp;4706000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4832337 |
| Philip Morris International, Inc., 1.125%, 5/01/2023 | &nbsp;&nbsp;3763000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3727026 |
| Philip Morris International, Inc., 5.125%, 11/15/2024 | &nbsp;&nbsp;7150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7200035 |
| Philip Morris International, Inc., 5%, 11/17/2025 | &nbsp;&nbsp;3250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3293375 |
| Philip Morris International, Inc., 5.125%, 11/17/2027 | &nbsp;&nbsp;2895000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2958786 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$26759365 |
| Transportation - Services – 1.2% | Transportation - Services – 1.2% | Transportation - Services – 1.2% |
| Element Fleet Management Corp., 1.6%, 4/06/2024 (n) | $24483000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$23347709 |
| ERAC USA Finance LLC, 2.7%, 11/01/2023 (n) | &nbsp;&nbsp;5924000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5804895 |
| ERAC USA Finance LLC, 3.85%, 11/15/2024 (n) | &nbsp;&nbsp;2559000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2493230 |
| ERAC USA Finance LLC, 3.8%, 11/01/2025 (n) | &nbsp;&nbsp;2559000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2468656 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$34114490 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| U.S. Treasury Obligations – 20.0% | U.S. Treasury Obligations – 20.0% | U.S. Treasury Obligations – 20.0% |
| U.S. Treasury Notes, 0.25%, 5/15/2024 (f) | $&nbsp;&nbsp;91929700 | &nbsp;&nbsp;&nbsp;$86941796 |
| U.S. Treasury Notes, 3%, 7/31/2024 | &nbsp;&nbsp;75066000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73453253 |
| U.S. Treasury Notes, 0.375%, 9/15/2024 | 109702000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102879907 |
| U.S. Treasury Notes, 0.75%, 11/15/2024 | 129640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121734999 |
| U.S. Treasury Notes, 2.75%, 5/15/2025 (f) | 217085000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210852286 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$595862241 |
| Utilities - Electric Power – 5.3% | Utilities - Electric Power – 5.3% | Utilities - Electric Power – 5.3% |
| Edison International, 4.7%, 8/15/2025 | $&nbsp;&nbsp;10842000 | &nbsp;&nbsp;&nbsp;$10681547 |
| Emera US Finance LP, 0.833%, 6/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp;3730000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3506241 |
| Enel Finance International N.V., 4.25%, 6/15/2025 (n) | &nbsp;&nbsp;15000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14686204 |
| Enel Finance International N.V., 6.8%, 10/14/2025 (n) | &nbsp;&nbsp;&nbsp;&nbsp;3086000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3197805 |
| ENGIE Energía Chile S.A., 4.5%, 1/29/2025 (n) | &nbsp;&nbsp;14822000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14451450 |
| Entergy Louisiana LLC, 0.95%, 10/01/2024 | &nbsp;&nbsp;27870000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26197754 |
| Exelon Corp., 2.75%, 3/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;7104000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6632061 |
| FirstEnergy Corp., 2.05%, 3/01/2025 | &nbsp;&nbsp;&nbsp;&nbsp;5731000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5370679 |
| FirstEnergy Corp., 1.6%, 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;2459000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2207221 |
| NextEra Energy Capital Holdings, Inc., 0.65%, 3/01/2023 | &nbsp;&nbsp;&nbsp;&nbsp;6270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6250905 |
| Pacific Gas & Electric Co., 1.7%, 11/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;3088000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3007790 |
| Pacific Gas & Electric Co., 3.25%, 2/16/2024 | &nbsp;&nbsp;10584000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10388652 |
| Pacific Gas & Electric Co., 4.95%, 6/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp;7450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7374958 |
| Southern California Edison Co., 0.7%, 8/01/2023 | &nbsp;&nbsp;&nbsp;&nbsp;7725000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7565859 |
| Southern California Edison Co., 0.975%, 8/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp;7618000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7170963 |
| Vistra Operations Co. LLC, 4.875%, 5/13/2024 (n) | &nbsp;&nbsp;16784000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16564801 |
| WEC Energy Group, Inc., 0.8%, 3/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp;3658000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3490429 |
| Xcel Energy, Inc., 0.5%, 10/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;8847000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8586803 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$157332122 |
| **Total Bonds** |  | &nbsp;&nbsp;**$2911354278** |
| Investment Companies (h) – 1.9% | Investment Companies (h) – 1.9% | Investment Companies (h) – 1.9% |
| Money Market Funds – 1.9% | Money Market Funds – 1.9% |  |
| MFS Institutional Money Market Portfolio, 4.29% (v) | &nbsp;&nbsp;56983665 | &nbsp;&nbsp;&nbsp;$56989363 |
| Other Assets, Less Liabilities – 0.4% |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11730046 |
| **Net Assets – 100.0%** | **Net Assets – 100.0%** | &nbsp;&nbsp;&nbsp;**$2980073687** |

---

(a) Non-income producing security.

(d) In default.

(f) All or a portion of the security has been segregated as collateral for open futures contracts and cleared swap agreements.

(h) An affiliated issuer, which may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. At period end, the aggregate values of
the fund's investments in affiliated issuers and in unaffiliated issuers were $56,989,363 and $2,911,354,278, respectively.

(i) Interest only security for which the fund receives interest on notional principal (Par amount). Par amount shown is the notional principal and does not reflect the cost of the security.

(n) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to
qualified institutional buyers. At period end, the aggregate value of these securities was $1,087,655,094, representing 36.5% of net assets.

(q) Interest received was less than stated coupon rate.

(v) Affiliated issuer that is available only to investment companies managed by MFS. The rate quoted for the MFS Institutional Money Market Portfolio is the annualized seven-day yield of the fund at period
end.

(z) Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions
exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult.
The fund holds the following restricted securities:

---

| | | | |
|:---|:---|:---|:---|
| **Restricted Securities** | &nbsp;&nbsp;**Acquisition<br> Date** | &nbsp;&nbsp;**Cost** | &nbsp;&nbsp;**Value** |
| Ambac Assurance Corp., 5.1%, 6/07/2060 | &nbsp;&nbsp;2/14/18 | &nbsp;&nbsp;$9229 | &nbsp;&nbsp;$34212 |
| % of Net assets |  |  | &nbsp;&nbsp;0.0% |

---

------

Portfolio of Investments (unaudited) – continued

---

| | |
|:---|:---|
| The following abbreviations are used in this report and are defined: | The following abbreviations are used in this report and are defined: |
| AGM | Assured Guaranty Municipal |
| BAM | Build America Mutual |
| CLO | Collateralized Loan Obligation |
| CMT | Constant Maturity Treasury |
| FLR | Floating Rate. Interest rate resets periodically based on the parenthetically disclosed reference rate plus a spread (if any). The period-end rate reported may not be the current rate. All reference rates are USD unless otherwise noted. |
| LIBOR | London Interbank Offered Rate |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** |
| **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** |
| **Description** | &nbsp;&nbsp;**Long/<br> Short** | &nbsp;&nbsp;**Currency** | &nbsp;&nbsp;**Contracts** | &nbsp;&nbsp;**Notional<br> Amount** | &nbsp;&nbsp;**Expiration<br> Date** | &nbsp;&nbsp;**Value/Unrealized<br> Appreciation<br> (Depreciation)** |
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |
| ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** |  |  |
| U.S. Treasury Note 2 yr | &nbsp;&nbsp;Long | &nbsp;&nbsp;USD | &nbsp;&nbsp;175 | &nbsp;&nbsp;$35988477 | &nbsp;&nbsp;March – 2023 | &nbsp;&nbsp;$125713 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared Swap Agreements** | **Cleared Swap Agreements** | **Cleared Swap Agreements** | **Cleared Swap Agreements** | **Cleared Swap Agreements** | **Cleared Swap Agreements** | **Cleared Swap Agreements** | **Cleared Swap Agreements** | **Cleared Swap Agreements** |
| **Maturity<br> Date** | **Maturity<br> Date** | **Notional<br> Amount** | &nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;**Cash Flows<br> to Receive/<br> Frequency** | &nbsp;&nbsp;**Cash Flows<br> to Pay/<br> Frequency** | &nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)** | &nbsp;&nbsp;**Net Unamortized<br> Upfront Payments<br> (Receipts)** | &nbsp;&nbsp;**Value** |
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |  |  |  |
| ***Interest Rate Swaps*** | ***Interest Rate Swaps*** | ***Interest Rate Swaps*** | ***Interest Rate Swaps*** | ***Interest Rate Swaps*** | ***Interest Rate Swaps*** |  |  |  |
| 10/17/25 | USD | &nbsp;&nbsp;73100000 | &nbsp;&nbsp;centrally cleared | &nbsp;&nbsp;4.20%/Annually | &nbsp;&nbsp;SOFR - 1 day/Annually | &nbsp;&nbsp;$640713 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$640713 |
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |  |  |  |
| ***Interest Rate Swaps*** | ***Interest Rate Swaps*** | ***Interest Rate Swaps*** | ***Interest Rate Swaps*** | ***Interest Rate Swaps*** | ***Interest Rate Swaps*** |  |  |  |
| 12/06/25 | USD | &nbsp;&nbsp;231100000 | &nbsp;&nbsp;centrally cleared | &nbsp;&nbsp;3.82%/Annually | &nbsp;&nbsp;SOFR - 1 day/Annually | &nbsp;&nbsp;$(273781) | &nbsp;&nbsp;$32428 | &nbsp;&nbsp;$(241353) |

---

At January 31, 2023, the fund had liquid securities with an aggregate value of $6,597,575 to cover any collateral or margin obligations for securities and certain derivative contracts.

See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.

------

### Supplemental Information
1/31/23 (unaudited)

The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.

(1) Investment Valuations

Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund's investments to MFS as the fund's adviser, pursuant to the fund's valuation policy and procedures which have been adopted by the adviser and approved by the Board. Effective September 8, 2022, and in accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the "valuation designee" of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser's fair valuation policy and procedures.

Under the fund's valuation policy and procedures, debt instruments and floating rate loans, including restricted debt instruments, are generally valued at an evaluated or composite bid as provided by a third-party pricing service. Short-term instruments with a maturity at issuance of 60 days or less may be valued at amortized cost, which approximates market value. Futures contracts are generally valued at last posted settlement price on their primary exchange as provided by a third-party pricing service. Futures contracts for which there were no trades that day for a particular position are generally valued at the closing bid quotation on their primary exchange as provided by a third-party pricing service. Swap agreements are generally valued using valuations provided by a third-party pricing service, which for cleared swaps includes an evaluation of any trading activity at the clearinghouses. Open-end investment companies are generally valued at net asset value per share. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.

Under the fund's valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser's fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data. An investment may also be valued at fair value if the adviser determines that the investment's value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund's net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund's net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund's net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net asset value per share.

Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk).

------

Supplemental Information (unaudited) – continued

Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. Other financial instruments are derivative instruments, such as futures contracts and swap agreements. The following is a summary of the levels used as of January 31, 2023 in valuing the fund's assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Instruments** | &nbsp;&nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;**Total** |
| U.S. Treasury Bonds & U.S. Government Agencies & Equivalents | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$595862241 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$595862241 |
| Non - U.S. Sovereign Debt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20407244 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20407244 |
| Municipal Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33673410 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33673410 |
| U.S. Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1027272629 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1027272629 |
| Residential Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17381437 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17381437 |
| Commercial Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173016913 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173016913 |
| Asset-Backed Securities (including CDOs) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;419365251 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;419365251 |
| Foreign Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624375153 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624375153 |
| Mutual Funds | &nbsp;&nbsp;&nbsp;&nbsp;56989363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56989363 |
| Total | &nbsp;&nbsp;&nbsp;$56989363 | &nbsp;&nbsp;&nbsp;$2911354278 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$2968343641 |
| **Other Financial Instruments** |  |  |  |  |
| Futures Contracts – Assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$125713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$125713 |
| Swap Agreements – Assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;640713 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;640713 |
| Swap Agreements – Liabilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(241353) | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(241353) |

---

For further information regarding security characteristics, see the Portfolio of Investments.

(2) Investments in Affiliated Issuers

An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. For the purposes of this report, the following were affiliated issuers:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | &nbsp;&nbsp;**Beginning<br> Value** | &nbsp;&nbsp;**Purchases** | &nbsp;&nbsp;**Sales<br> Proceeds** | &nbsp;&nbsp;**Realized<br> Gain<br> (Loss)** | &nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation or<br> Depreciation** | &nbsp;&nbsp;**Ending<br> Value** |
| MFS Institutional Money Market Portfolio | &nbsp;&nbsp;$155032857 | &nbsp;&nbsp;$526287914 | &nbsp;&nbsp;$624332349 | &nbsp;&nbsp;$(8681) | &nbsp;&nbsp;$9622 | &nbsp;&nbsp;$56989363 |

---

---

| | | |
|:---|:---|:---|
| **Affiliated Issuers** | &nbsp;&nbsp;**Dividend<br> Income** | &nbsp;&nbsp;**Capital Gain<br> Distributions** |
| MFS Institutional Money Market Portfolio | &nbsp;&nbsp;$1731911 | &nbsp;&nbsp;$— |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MFS Series Trust IX

- **b. Investment Company Act file number:** 811-02464

- **c. CIK number of Registrant:** 0000063075

- **d. LEI of Registrant:** 549300IJONSVWD5I9F62

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

  - **Street Address 1:** 111 Huntington Avenue

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

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

- **a. Name of Series:** MFS Limited Maturity Fund

- **b. EDGAR series identifier (if any):** S000002495

- **c. LEI of Series:** 7ER38PJ2TK60L3Y32478

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

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**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:** $3000544531.12

**Total Liabilities:** $20470886.53

**Net Assets:** $2980073644.59

**Cash Not Reported:** $589248.51

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -10432.42162380 | **1-Year:** -180724.76896770 | **5-Year:** -197186.08162280 | **10-Year:** -8681.35813420 | **30-Year:** 0.00000000

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

- **3-Month:** -108.09730530 | **1-Year:** -6808.43909840 | **5-Year:** -6246.14789800 | **10-Year:** -393.19243410 | **30-Year:** -21.00820610

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006751 | 1.21%                | 0.22%                | 1.20%                |
| Class ID C000006744 | 1.30%                | 0.12%                | 1.47%                |
| Class ID C000006745 | 1.29%                | 0.29%                | 1.45%                |
| Class ID C000006755 | 1.26%                | 0.09%                | 1.43%                |
| Class ID C000006750 | 1.23%                | 0.22%                | 1.21%                |
| Class ID C000006753 | 1.22%                | 0.22%                | 1.38%                |
| Class ID C000119776 | 1.31%                | 0.31%                | 1.29%                |
| Class ID C000006746 | 1.29%                | 0.33%                | 1.46%                |
| Class ID C000006756 | 1.28%                | 0.10%                | 1.44%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-898012.64              | $32513435.31                               |
| Month 2  | $1021921.51              | $1385000.71                                |
| Month 3  | $-1120823.32             | $31003209.68                               |

**Designated Index Information**

- **Index Name:** Barclays US Govt Credit 1 to 3 yr Index

- **Index Identifier:** LD01TRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AmeriCredit Automobile Receivables Trust             | AmeriCredit Automobile Receivables Trust, Series 2022-2, Class A2A            | CUSIP: 03065WAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7538590 | PA      | $7486713.27   | 0.25%             | 2025-12-18      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| UniCredit SpA                                        | UniCredit SpA                                                                 | CUSIP: 904678AU3<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   8699000 | PA      | $7891802.57   | 0.26%             | 2026-09-22      | Variable      | 2.57%                 | Yes           |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                   | General Motors Financial Co., Inc.                                            | CUSIP: 37045XCZ7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   7349000 | PA      | $7208826.42   | 0.24%             | 2023-08-18      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                          | CUSIP: 46647PCP9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8859005.20   | 0.30%             | 2027-09-22      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                     | OneMain Financial Issuance Trust, Series 2020-1A, Class A                     | CUSIP: 68269LAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3133500 | PA      | $3113642.07   | 0.10%             | 2032-05-14      | Fixed         | 3.84%                 | Yes           |                  2 | On Loan: No      |
| BDS Ltd.                                             | BDS Ltd., Series 2021-FL10, Class B                                           | CUSIP: 07335YAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3637500 | PA      | $3510476.68   | 0.12%             | 2036-12-16      | Floating      | 6.42%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, Series 4121, Class GC                                                  | CUSIP: 3137AV5K9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1218882 | PA      | $1127818.24   | 0.04%             | 2042-07-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                     | Deutsche Bank AG                                                              | CUSIP: 251526CJ6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   2663000 | PA      | $2516795.55   | 0.08%             | 2024-05-28      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| Raytheon Technologies Corp.                          | Raytheon Technologies Corp.                                                   | CUSIP: 913017DB2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    362000 | PA      | $359359.36    | 0.01%             | 2023-08-16      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.       | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL4, Class C      | CUSIP: 03880RAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4645000 | PA      | $4438660.74   | 0.15%             | 2036-11-15      | Floating      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Southern California Edison Co.                       | Southern California Edison Co., Series J                                      | CUSIP: 842400HH9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   7725000 | PA      | $7565858.97   | 0.25%             | 2023-08-01      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Westlake Corp.                                       | Westlake Corp.                                                                | CUSIP: 960413AX0<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | DBT              | CORP              | US        |   3244000 | PA      | $3037332.71   | 0.10%             | 2024-08-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| BANK                                                 | BANK, Series 2021-BN34, Class XA                                              | CUSIP: 06541JAR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  55870038 | PA      | $3111748.83   | 0.10%             | 2063-06-15      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                 | BBCMS Mortgage Trust, Series 2021-C11, Class XA                               | CUSIP: 05493MAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  39295698 | PA      | $3017595.24   | 0.10%             | 2054-09-15      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                     | Deutsche Bank AG                                                              | CUSIP: 251526CP2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   3240000 | PA      | $2863580.20   | 0.10%             | 2027-11-16      | Variable      | 2.31%                 | No            |                  2 | On Loan: No      |
| National Securities Clearing Corp.                   | National Securities Clearing Corp.                                            | CUSIP: 637639AA3<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |   9500000 | PA      | $9426288.55   | 0.32%             | 2023-04-23      | Fixed         | 1.20%                 | Yes           |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                       | Enterprise Fleet Financing LLC, Series 2022-4, Class A2                       | CUSIP: 29374GAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6250000 | PA      | $6315593.75   | 0.21%             | 2029-10-22      | Fixed         | 5.76%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings plc                                    | HSBC Holdings plc                                                             | CUSIP: 404280CM9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3448000 | PA      | $3054838.28   | 0.10%             | 2027-05-24      | Variable      | 1.59%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                      | Goldman Sachs Group, Inc. (The)                                               | CUSIP: 38141GES9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  14381000 | PA      | $14955406.76  | 0.50%             | 2027-01-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                           | AerCap Ireland Capital DAC                                                    | CUSIP: 00774MAN5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   5664000 | PA      | $5767652.62   | 0.19%             | 2025-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                           | LAD Auto Receivables Trust, Series 2022-1A, Class A                           | CUSIP: 501687AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4836611 | PA      | $4773322.36   | 0.16%             | 2027-06-15      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                | Bank of America Corp.                                                         | CUSIP: 06051GFH7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3106000 | PA      | $3071919.85   | 0.10%             | 2024-08-26      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                 | American Express Co.                                                          | CUSIP: 025816CQ0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   6463000 | PA      | $6148843.33   | 0.21%             | 2025-03-04      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                           | AerCap Ireland Capital DAC                                                    | CUSIP: 00774MAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  11511000 | PA      | $11220740.24  | 0.38%             | 2024-02-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer Ltd.                                    | BSPRT Issuer Ltd., Series 2022-FL8, Class A                                   | CUSIP: 055983AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  14846500 | PA      | $14510697.41  | 0.49%             | 2037-02-15      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Michigan Finance Authority                           | Michigan Finance Authority                                                    | CUSIP: 59447TH89<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2073278 | PA      | $1984790.64   | 0.07%             | 2030-06-01      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                             | Benchmark Mortgage Trust, Series 2021-B23, Class XA                           | CUSIP: 08162RAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  60359577 | PA      | $4080663.55   | 0.14%             | 2054-02-15      | Variable      | 1.27%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                             | Lloyds Banking Group plc                                                      | CUSIP: 53944YAR4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  15414000 | PA      | $14831731.37  | 0.50%             | 2026-03-18      | Variable      | 3.51%                 | No            |                  2 | On Loan: No      |
| Edison International                                 | Edison International                                                          | CUSIP: 281020AU1<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |  10842000 | PA      | $10681546.97  | 0.36%             | 2025-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| AREIT LLC                                            | AREIT LLC, Series 2022-CRE7, Class B                                          | CUSIP: 00217VAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12436500 | PA      | $12159713.26  | 0.41%             | 2039-06-17      | Floating      | 7.73%                 | Yes           |                  2 | On Loan: No      |
| HCA, Inc.                                            | HCA, Inc.                                                                     | CUSIP: 404119BN8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   7222000 | PA      | $7205029.82   | 0.24%             | 2024-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Standard Chartered plc                               | Standard Chartered plc                                                        | CUSIP: 853254CB4<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   2614000 | PA      | $2484070.27   | 0.08%             | 2025-03-23      | Variable      | 1.21%                 | Yes           |                  2 | On Loan: No      |
| ERAC USA Finance LLC                                 | ERAC USA Finance LLC                                                          | CUSIP: 26884TAL6<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |   2559000 | PA      | $2493230.19   | 0.08%             | 2024-11-15      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| VMware, Inc.                                         | VMware, Inc.                                                                  | CUSIP: 928563AH8<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   5405000 | PA      | $5081934.12   | 0.17%             | 2024-08-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| MF1 Ltd.                                             | MF1 Ltd., Series 2022-FL8, Class C                                            | CUSIP: 55284JAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2198259 | PA      | $2060066.55   | 0.07%             | 2037-02-19      | Floating      | 6.51%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                          | Capital One Financial Corp.                                                   | CUSIP: 14040HCQ6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   6912000 | PA      | $6799372.21   | 0.23%             | 2025-05-09      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority            | New Jersey Economic Development Authority                                     | CUSIP: 645913BB9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  10353000 | PA      | $10334695.90  | 0.35%             | 2023-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma plc                                   | Royalty Pharma plc                                                            | CUSIP: 78081BAG8<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |   7338000 | PA      | $7152570.87   | 0.24%             | 2023-09-02      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority        | Massachusetts Educational Financing Authority                                 | CUSIP: 57563RQY8<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    790000 | PA      | $742924.85    | 0.02%             | 2025-07-01      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                           | Warnermedia Holdings, Inc.                                                    | CUSIP: 55903VAU7<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |  17801000 | PA      | $17196669.40  | 0.58%             | 2025-03-15      | Fixed         | 3.79%                 | Yes           |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio             | MFS Institutional Money Market Portfolio, Class A                             | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | STIV             | RF                | US        |  56677347 | NS      | $56683015.03  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Port Authority of New York & New Jersey              | Port Authority of New York & New Jersey                                       | CUSIP: 73358W4V3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   4925000 | PA      | $4850330.11   | 0.16%             | 2023-07-01      | Fixed         | 1.09%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline LP                      | Plains All American Pipeline LP                                               | CUSIP: 72650RBD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3712344.38   | 0.12%             | 2023-10-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                     | Deutsche Bank AG                                                              | CUSIP: 251526CS6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    680000 | PA      | $715519.29    | 0.02%             | 2029-01-18      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO Ltd.                                  | Shackleton CLO Ltd., Series 2013-4RA, Class B                                 | CUSIP: 81882HAE5<br>LEI: 5493000LHXWSIZGUY418 | Long             | ABS-CBDO         | CORP              | KY        |   2268542 | PA      | $2112591.08   | 0.07%             | 2031-04-13      | Floating      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| WEC Energy Group, Inc.                               | WEC Energy Group, Inc.                                                        | CUSIP: 92939UAF3<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   3658000 | PA      | $3490428.89   | 0.12%             | 2024-03-15      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                      | Goldman Sachs Group, Inc. (The)                                               | CUSIP: 38141GXJ8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5300000 | PA      | $5144833.70   | 0.17%             | 2025-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                          | CUSIP: 46647PDM5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8064546.64   | 0.27%             | 2025-12-15      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                    | Philip Morris International, Inc.                                             | CUSIP: 718172CT4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   7150000 | PA      | $7200034.41   | 0.24%             | 2024-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                         | UBS Group AG                                                                  | CUSIP: 902613AS7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   6561000 | PA      | $6475870.11   | 0.22%             | 2027-08-05      | Variable      | 4.70%                 | Yes           |                  2 | On Loan: No      |
| BSPRT Issuer Ltd.                                    | BSPRT Issuer Ltd., Series 2021-FL7, Class C                                   | CUSIP: 05602CAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1869500 | PA      | $1733288.23   | 0.06%             | 2038-12-15      | Floating      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CARS-DB4 LP                                          | CARS-DB4 LP, Series 2020-1A, Class A4                                         | CUSIP: 12510HAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2192523 | PA      | $2071210.23   | 0.07%             | 2050-02-15      | Fixed         | 3.19%                 | Yes           |                  2 | On Loan: No      |
| Element Fleet Management Corp.                       | Element Fleet Management Corp.                                                | CUSIP: 286181AF9<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |  24483000 | PA      | $23347708.85  | 0.78%             | 2024-04-06      | Fixed         | 1.60%                 | Yes           |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.       | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL4, Class AS     | CUSIP: 03880RAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  11713500 | PA      | $11502015.10  | 0.39%             | 2036-11-15      | Floating      | 6.15%                 | Yes           |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                           | CUSIP: 91282CFA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  75066000 | PA      | $73453253.53  | 2.46%             | 2024-07-31      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust             | AmeriCredit Automobile Receivables Trust, Series 2020-1, Class C              | CUSIP: 03067DAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2663000 | PA      | $2583665.24   | 0.09%             | 2025-10-20      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel SA                | Banque Federative du Credit Mutuel SA                                         | CUSIP: 06675FAV9<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |  10142000 | PA      | $9686116.59   | 0.33%             | 2024-02-27      | Fixed         | 0.65%                 | Yes           |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                         | Avolon Holdings Funding Ltd.                                                  | CUSIP: 05401AAL5<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   2797000 | PA      | $2656139.86   | 0.09%             | 2026-04-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                 | GNMA                                                                          | CUSIP: 36225CVJ2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     28831 | PA      | $27996.48     | 0.00%             | 2032-07-20      | Variable      | 2.63%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank Ltd.                      | Sumitomo Mitsui Trust Bank Ltd.                                               | CUSIP: 86563VAU3<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   5661000 | PA      | $5391294.39   | 0.18%             | 2024-03-25      | Fixed         | 0.85%                 | Yes           |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC              | Volkswagen Group of America Finance LLC                                       | CUSIP: 928668BA9<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   4128000 | PA      | $3980392.87   | 0.13%             | 2024-09-26      | Fixed         | 2.85%                 | Yes           |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                                | Tencent Holdings Ltd.                                                         | CUSIP: 88032WAT3<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |   7043000 | PA      | $6468259.08   | 0.22%             | 2026-01-26      | Fixed         | 1.81%                 | Yes           |                  2 | On Loan: No      |
| Macquarie Group Ltd.                                 | Macquarie Group Ltd.                                                          | CUSIP: 55608JAR9<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |   6707000 | PA      | $5960980.39   | 0.20%             | 2027-01-12      | Variable      | 1.34%                 | Yes           |                  2 | On Loan: No      |
| Impac CMB Trust                                      | Impac CMB Trust, Series 2004-7, Class 1A2                                     | CUSIP: 45254NKG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     36338 | PA      | $35663.30     | 0.00%             | 2034-11-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Berry Global, Inc.                                   | Berry Global, Inc.                                                            | CUSIP: 08576PAH4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   7474000 | PA      | $6756297.19   | 0.23%             | 2026-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank Ltd.                      | Sumitomo Mitsui Trust Bank Ltd.                                               | CUSIP: 86563VAQ2<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   9000000 | PA      | $8768063.97   | 0.29%             | 2023-09-12      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                    | Credit Acceptance Auto Loan Trust, Series 2021-3A, Class C                    | CUSIP: 22535GAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    916000 | PA      | $833241.60    | 0.03%             | 2030-09-16      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| Fibria Overseas Finance Ltd.                         | Fibria Overseas Finance Ltd.                                                  | CUSIP: 31572UAF3<br>LEI: 549300WABWKSHESAMG92 | Long             | DBT              | CORP              | KY        |   5928000 | PA      | $5957095.99   | 0.20%             | 2027-01-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                 | Royal Bank of Canada                                                          | CUSIP: 78015K7G3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $9943609.60   | 0.33%             | 2023-04-17      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| NatWest Group plc                                    | NatWest Group plc                                                             | CUSIP: 780097BN0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   8063000 | PA      | $7976030.06   | 0.27%             | 2024-05-22      | Variable      | 2.36%                 | No            |                  2 | On Loan: No      |
| Standard Chartered plc                               | Standard Chartered plc                                                        | CUSIP: 853254BY5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   5088000 | PA      | $4867983.99   | 0.16%             | 2025-01-12      | Variable      | 0.99%                 | Yes           |                  2 | On Loan: No      |
| Eni SpA                                              | Eni SpA, Series X-R                                                           | CUSIP: 26874RAG3<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |   9261000 | PA      | $9195250.88   | 0.31%             | 2023-09-12      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Exelon Corp.                                         | Exelon Corp.                                                                  | CUSIP: 30161NBB6<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   7104000 | PA      | $6632061.18   | 0.22%             | 2027-03-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Issuer Trust                    | GLS Auto Receivables Issuer Trust, Series 2021-3A, Class B                    | CUSIP: 36263LAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4655544 | PA      | $4548689.49   | 0.15%             | 2025-11-17      | Fixed         | 0.78%                 | Yes           |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                        | UBS Commercial Mortgage Trust, Series 2018-C14, Class XA                      | CUSIP: 90278KBB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  21392789 | PA      | $851315.35    | 0.03%             | 2051-12-15      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| World Omni Automobile Lease Securitization Trust     | World Omni Automobile Lease Securitization Trust, Series 2022-A, Class B      | CUSIP: 98163NAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3072000 | PA      | $2997823.18   | 0.10%             | 2027-06-15      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                       | Morgan Stanley                                                                | CUSIP: 6174468T9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   9002000 | PA      | $8997589.02   | 0.30%             | 2023-11-10      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Valero Energy Corp.                                  | Valero Energy Corp.                                                           | CUSIP: 91913YBA7<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |   7070000 | PA      | $6777511.13   | 0.23%             | 2024-03-15      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| NatWest Markets plc                                  | NatWest Markets plc                                                           | CUSIP: 63906YAG3<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   8888000 | PA      | $8581233.79   | 0.29%             | 2025-03-22      | Fixed         | 3.48%                 | Yes           |                  2 | On Loan: No      |
| Magnetite XVI Ltd.                                   | Magnetite XVI Ltd., Series 2015-16A, Class BR                                 | CUSIP: 55953RAN1<br>LEI: 549300Z3WHVYABE20I45 | Long             | ABS-CBDO         | CORP              | KY        |   9726000 | PA      | $9593784.76   | 0.32%             | 2028-01-18      | Floating      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| Bayview Commercial Asset Trust                       | Bayview Commercial Asset Trust, Series 2005-2A, Class A1                      | CUSIP: 07324SBN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    199075 | PA      | $184279.68    | 0.01%             | 2035-08-25      | Floating      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.       | Arbor Realty Commercial Real Estate Notes Ltd., Series 2022-FL1, Class C      | CUSIP: 03880XAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  12447500 | PA      | $11741207.69  | 0.39%             | 2037-01-15      | Floating      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| Infor, Inc.                                          | Infor, Inc.                                                                   | CUSIP: 45674CAB9<br>LEI: 549300Q3IIYBYI4RHD64 | Long             | DBT              | CORP              | US        |   1594000 | PA      | $1560035.29   | 0.05%             | 2023-07-15      | Fixed         | 1.45%                 | Yes           |                  2 | On Loan: No      |
| BSPDF Issuer Ltd.                                    | BSPDF Issuer Ltd., Series 2021-FL1, Class AS                                  | CUSIP: 055731AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4140000 | PA      | $4022080.38   | 0.13%             | 2036-10-15      | Floating      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| Huntington Ingalls Industries, Inc.                  | Huntington Ingalls Industries, Inc.                                           | CUSIP: 446413AS5<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |   6464000 | PA      | $6269621.77   | 0.21%             | 2025-05-01      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| Impac Secured Assets Trust                           | Impac Secured Assets Trust, Series 2006-1, Class 2A1                          | CUSIP: 45254TTN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     54727 | PA      | $46487.63     | 0.00%             | 2036-05-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC              | Volkswagen Group of America Finance LLC                                       | CUSIP: 928668BL5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   5071000 | PA      | $4583904.33   | 0.15%             | 2025-11-24      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| JDE Peet's NV                                        | JDE Peet's NV                                                                 | CUSIP: 47216QAB9<br>LEI: 724500EHG519SE5ZRT89 | Long             | DBT              | CORP              | NL        |   8356000 | PA      | $7249609.78   | 0.24%             | 2027-01-15      | Fixed         | 1.38%                 | Yes           |                  2 | On Loan: No      |
| Interstar Millennium Series Trust                    | Interstar Millennium Series Trust, Series 2004-2G, Class A                    | CUSIP: 46071NAA4<br>LEI: 549300YFCCRVQNS2PY15 | Long             | ABS-MBS          | CORP              | AU        |     23129 | PA      | $22149.88     | 0.00%             | 2036-03-14      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| TICP CLO III-2 Ltd.                                  | TICP CLO III-2 Ltd., Series 2018-3R, Class C                                  | CUSIP: 87249FAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3742444 | PA      | $3688612.69   | 0.12%             | 2028-04-20      | Floating      | 6.61%                 | Yes           |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                    | Exxon Mobil Corp.                                                             | CUSIP: 30231GBL5<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |   9200000 | PA      | $9139711.39   | 0.31%             | 2023-04-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                             | Benchmark Mortgage Trust, Series 2021-B24, Class XA                           | CUSIP: 08163CBE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  38472944 | PA      | $2349031.02   | 0.08%             | 2054-03-15      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp.                                    | FirstEnergy Corp.                                                             | CUSIP: 337932AK3<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   5731000 | PA      | $5370679.08   | 0.18%             | 2025-03-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                        | Equinix, Inc.                                                                 | CUSIP: 29444UBF2<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |   6132000 | PA      | $5613874.45   | 0.19%             | 2025-07-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                    | Credit Acceptance Auto Loan Trust, Series 2021-3A, Class B                    | CUSIP: 22535GAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1499000 | PA      | $1390160.31   | 0.05%             | 2030-07-15      | Fixed         | 1.38%                 | Yes           |                  2 | On Loan: No      |
| TICP CLO III-2 Ltd.                                  | TICP CLO III-2 Ltd., Series 2018-3R, Class B                                  | CUSIP: 87249FAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2132575 | PA      | $2117619.25   | 0.07%             | 2028-04-20      | Floating      | 6.16%                 | Yes           |                  2 | On Loan: No      |
| DT Auto Owner Trust                                  | DT Auto Owner Trust, Series 2022-3A, Class C                                  | CUSIP: 23345RAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2073463.80   | 0.07%             | 2028-07-17      | Fixed         | 7.69%                 | Yes           |                  2 | On Loan: No      |
| Progress Residential                                 | Progress Residential, Series 2021-SFR1, Class C                               | CUSIP: 74331FAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    908000 | PA      | $793962.10    | 0.03%             | 2038-04-17      | Fixed         | 1.55%                 | Yes           |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC              | Mercedes-Benz Finance North America LLC                                       | CUSIP: 233851EB6<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   5167000 | PA      | $4937786.61   | 0.17%             | 2024-03-01      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| TRTX Issuer Ltd.                                     | TRTX Issuer Ltd., Series 2021-FL4, Class AS                                   | CUSIP: 87276WAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6062000 | PA      | $5760470.06   | 0.19%             | 2038-03-15      | Floating      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust               | Merrill Lynch Mortgage Investors Trust, Series 2006-RM1, Class A2B            | CUSIP: 59020U5D3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1660442 | PA      | $228362.56    | 0.01%             | 2037-02-25      | Variable      | 1.32%                 | No            |                  2 | On Loan: No      |
| Dell International LLC                               | Dell International LLC                                                        | CUSIP: 24703TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4900000 | PA      | $4832767.15   | 0.16%             | 2024-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                          | CUSIP: 46647PCB0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5268000 | PA      | $4734569.01   | 0.16%             | 2027-04-22      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                     | Boeing Co. (The)                                                              | CUSIP: 097023DE2<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  13868000 | PA      | $13365701.04  | 0.45%             | 2024-02-04      | Fixed         | 1.43%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific, Inc.                       | Thermo Fisher Scientific, Inc.                                                | CUSIP: 883556CS9<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |  25217000 | PA      | $23816108.90  | 0.80%             | 2024-10-18      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                              | Hyundai Capital America                                                       | CUSIP: 44891ABK2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   8600000 | PA      | $8687729.46   | 0.29%             | 2025-04-07      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Crown Castle, Inc.                                   | Crown Castle, Inc.                                                            | CUSIP: 22822VAZ4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   3817000 | PA      | $3549255.62   | 0.12%             | 2027-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                              | Hyundai Capital America                                                       | CUSIP: 44891ABR7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    863000 | PA      | $828082.39    | 0.03%             | 2024-01-08      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.       | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL1, Class B      | CUSIP: 03881CAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1833000 | PA      | $1702532.56   | 0.06%             | 2035-12-15      | Floating      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| Xcel Energy, Inc.                                    | Xcel Energy, Inc.                                                             | CUSIP: 98389BAZ3<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   8847000 | PA      | $8586803.01   | 0.29%             | 2023-10-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                             | Benchmark Mortgage Trust, Series 2021-B29, Class XA                           | CUSIP: 08163JAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  78355309 | PA      | $4371787.45   | 0.15%             | 2054-09-15      | Variable      | 1.04%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, Series 4566, Class PG                                                  | CUSIP: 3137BNPS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1833171 | PA      | $1733719.57   | 0.06%             | 2045-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AREIT Trust                                          | AREIT Trust, Series 2022-CRE6, Class D                                        | CUSIP: 04002VAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   2549000 | PA      | $2359267.73   | 0.08%             | 2037-01-16      | Floating      | 7.16%                 | Yes           |                  2 | On Loan: No      |
| Enel Finance International NV                        | Enel Finance International NV                                                 | CUSIP: 29278GAV0<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |  15000000 | PA      | $14686203.45  | 0.49%             | 2025-06-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Cutwater Ltd.                                        | Cutwater Ltd., Series 2015-1A, Class AR                                       | CUSIP: 23222LAN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1966959 | PA      | $1958140.63   | 0.07%             | 2029-01-15      | Floating      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.       | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL3, Class C      | CUSIP: 03880KAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1746500 | PA      | $1580055.06   | 0.05%             | 2034-08-15      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| Philip Morris International, Inc.                    | Philip Morris International, Inc.                                             | CUSIP: 718172CQ0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   3763000 | PA      | $3727025.72   | 0.13%             | 2023-05-01      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                         | Avolon Holdings Funding Ltd.                                                  | CUSIP: 05401AAM3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   8784000 | PA      | $7857779.90   | 0.26%             | 2026-02-21      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| PFP Ltd.                                             | PFP Ltd., Series 2021-7, Class B                                              | CUSIP: 69290LAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   3004350 | PA      | $2812068.67   | 0.09%             | 2038-04-14      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| AREIT Trust                                          | AREIT Trust, Series 2022-CRE6, Class C                                        | CUSIP: 04002VAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   4174000 | PA      | $3884558.14   | 0.13%             | 2037-01-16      | Floating      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| BSPDF Issuer Ltd.                                    | BSPDF Issuer Ltd., Series 2021-FL1, Class C                                   | CUSIP: 055731AG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8000000 | PA      | $7581688.00   | 0.25%             | 2036-10-15      | Floating      | 6.70%                 | Yes           |                  2 | On Loan: No      |
| Sands China Ltd.                                     | Sands China Ltd.                                                              | CUSIP: 80007RAK1<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |   6819000 | PA      | $6468148.13   | 0.22%             | 2026-01-08      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| SES SA                                               | SES SA                                                                        | CUSIP: 78413HAA7<br>LEI: 5493008JPA4HYMH1HX51 | Long             | DBT              | CORP              | LU        |  10292000 | PA      | $10228157.18  | 0.34%             | 2023-04-04      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| BXMT Ltd.                                            | BXMT Ltd., Series 2021-FL4, Class AS                                          | CUSIP: 05609GAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |  12062500 | PA      | $11564709.58  | 0.39%             | 2038-05-15      | Floating      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority        | Massachusetts Educational Financing Authority                                 | CUSIP: 57563RQZ5<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $937293.25    | 0.03%             | 2026-07-01      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                    | Credit Acceptance Auto Loan Trust, Series 2021-2A, Class B                    | CUSIP: 22537CAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1037000 | PA      | $957752.05    | 0.03%             | 2030-04-15      | Fixed         | 1.26%                 | Yes           |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                         | Pacific Gas and Electric Co.                                                  | CUSIP: 694308JY4<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   3088000 | PA      | $3007789.54   | 0.10%             | 2023-11-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                       | Morgan Stanley Capital I Trust, Series 2018-H4, Class XA                      | CUSIP: 61691RAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  52369200 | PA      | $1903238.14   | 0.06%             | 2051-12-15      | Variable      | 0.83%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                     | Boeing Co. (The)                                                              | CUSIP: 097023DD4<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   6459000 | PA      | $6457910.24   | 0.22%             | 2023-02-04      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| BBCMS Trust                                          | BBCMS Trust, Series 2021-C10, Class XA                                        | CUSIP: 05551VBK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  36314859 | PA      | $2639324.00   | 0.09%             | 2054-07-15      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | IRS                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        | 231100000 | PA      | $-307892.43   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TRTX Issuer Ltd.                                     | TRTX Issuer Ltd., Series 2021-FL4, Class B                                    | CUSIP: 87276WAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  13226000 | PA      | $12563033.52  | 0.42%             | 2038-03-15      | Floating      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| Balboa Bay Loan Funding Ltd.                         | Balboa Bay Loan Funding Ltd., Series 2020-1A, Class CR                        | CUSIP: 05766BAN8<br>LEI: 549300MALKZHG9DP8554 | Long             | ABS-CBDO         | CORP              | KY        |   3983401 | PA      | $3767305.48   | 0.13%             | 2032-01-20      | Floating      | 6.91%                 | Yes           |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                | Westlake Automobile Receivables Trust, Series 2023-1A, Class A2B              | CUSIP: 96042XAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3076000 | PA      | $3075985.85   | 0.10%             | 2026-06-15      | Floating      | 1.00%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA                                              | BPCE SA                                                                       | CUSIP: 05583JAD4<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   3667000 | PA      | $3672485.83   | 0.12%             | 2023-09-12      | Floating      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                          | CUSIP: 46625HNJ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6722000 | PA      | $6655802.42   | 0.22%             | 2027-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Standard Chartered plc                               | Standard Chartered plc                                                        | CUSIP: 853254CJ7<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   3723000 | PA      | $3599432.51   | 0.12%             | 2026-03-30      | Variable      | 3.97%                 | Yes           |                  2 | On Loan: No      |
| BDS Ltd.                                             | BDS Ltd., Series 2021-FL10, Class C                                           | CUSIP: 07335YAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2645500 | PA      | $2539906.19   | 0.09%             | 2036-12-16      | Floating      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| EQT Corp.                                            | EQT Corp.                                                                     | CUSIP: 26884LAP4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   3011000 | PA      | $3014929.36   | 0.10%             | 2025-10-01      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| PerkinElmer, Inc.                                    | PerkinElmer, Inc.                                                             | CUSIP: 714046AL3<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9358699.70   | 0.31%             | 2024-09-15      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| DAE Funding LLC                                      | DAE Funding LLC                                                               | CUSIP: 23371DAJ3<br>LEI: 635400SZTPQL3Y1P2C76 | Long             | DBT              | CORP              | US        |   3903000 | PA      | $3685827.87   | 0.12%             | 2024-08-01      | Fixed         | 1.55%                 | Yes           |                  2 | On Loan: No      |
| UBS Group AG                                         | UBS Group AG                                                                  | CUSIP: 902613AB4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2226000 | PA      | $2179402.96   | 0.07%             | 2024-07-30      | Variable      | 1.01%                 | Yes           |                  2 | On Loan: No      |
| GSK Consumer Healthcare Capital US LLC               | GSK Consumer Healthcare Capital US LLC                                        | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |   4466000 | PA      | $4227409.93   | 0.14%             | 2027-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| 3650R Commercial Mortgage Trust                      | 3650R Commercial Mortgage Trust, Series 2021-PF1, Class XA                    | CUSIP: 88581EAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  90990081 | PA      | $5159319.55   | 0.17%             | 2054-11-15      | Variable      | 1.03%                 | No            |                  2 | On Loan: No      |
| Balboa Bay Loan Funding Ltd.                         | Balboa Bay Loan Funding Ltd., Series 2020-1A, Class BR                        | CUSIP: 05766BAL2<br>LEI: 549300MALKZHG9DP8554 | Long             | ABS-CBDO         | CORP              | KY        |   7353970 | PA      | $7110913.94   | 0.24%             | 2032-01-20      | Floating      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| FirstEnergy Corp.                                    | FirstEnergy Corp., Series A                                                   | CUSIP: 337932AN7<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   2459000 | PA      | $2207220.75   | 0.07%             | 2026-01-15      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                       | Morgan Stanley Capital I Trust, Series 2021-L6, Class XA                      | CUSIP: 61692CBK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  43371787 | PA      | $2752690.20   | 0.09%             | 2054-06-15      | Variable      | 1.23%                 | No            |                  2 | On Loan: No      |
| Canadian Pacific Railway Co.                         | Canadian Pacific Railway Co.                                                  | CUSIP: 13645RBD5<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |  11123000 | PA      | $10452650.27  | 0.35%             | 2024-12-02      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| Huntington National Bank (The)                       | Huntington National Bank (The)                                                | CUSIP: 44644MAD3<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   5554000 | PA      | $5468609.64   | 0.18%             | 2025-05-16      | Variable      | 4.01%                 | No            |                  2 | On Loan: No      |
| Southwick Park CLO LLC                               | Southwick Park CLO LLC, Series 2019-4A, Class B2R                             | CUSIP: 846031AR3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5142000 | PA      | $4388815.27   | 0.15%             | 2032-07-20      | Fixed         | 2.46%                 | Yes           |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd.                      | Palmer Square Loan Funding Ltd., Series 2020-1A, Class A2                     | CUSIP: 69701EAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  13000000 | PA      | $12844936.00  | 0.43%             | 2028-02-20      | Floating      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| GLP Capital LP                                       | GLP Capital LP                                                                | CUSIP: 361841AJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8847000 | PA      | $8781355.26   | 0.29%             | 2025-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                 | LoanCore Issuer Ltd., Series 2021-CRE5, Class AS                              | CUSIP: 53947XAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8481500 | PA      | $8041897.07   | 0.27%             | 2036-07-15      | Floating      | 6.20%                 | Yes           |                  2 | On Loan: No      |
| BANK                                                 | BANK, Series 2021-BN32, Class XA                                              | CUSIP: 06542BBN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  48864772 | PA      | $2126399.40   | 0.07%             | 2054-04-15      | Variable      | 0.78%                 | No            |                  2 | On Loan: No      |
| Western Union Co. (The)                              | Western Union Co. (The)                                                       | CUSIP: 959802AZ2<br>LEI: 28ID94QU1140NC23S047 | Long             | DBT              | CORP              | US        |  11707000 | PA      | $10415749.98  | 0.35%             | 2026-03-15      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                    | Wells Fargo & Co.                                                             | CUSIP: 95000U2K8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   9707000 | PA      | $9159543.16   | 0.31%             | 2026-02-11      | Variable      | 2.16%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                           | CUSIP: 91282CCX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 109702000 | PA      | $102879906.88 | 3.45%             | 2024-09-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                       | Morgan Stanley, Series I                                                      | CUSIP: 6174468R3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   8651000 | PA      | $8017336.66   | 0.27%             | 2025-10-21      | Variable      | 0.86%                 | No            |                  2 | On Loan: No      |
| Southwick Park CLO LLC                               | Southwick Park CLO LLC, Series 2019-4A, Class CR                              | CUSIP: 846031AS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7004000 | PA      | $6695676.92   | 0.22%             | 2032-07-20      | Floating      | 6.76%                 | Yes           |                  2 | On Loan: No      |
| STWD Ltd.                                            | STWD Ltd., Series 2021-FL2, Class B                                           | CUSIP: 78486BAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8644500 | PA      | $8186559.34   | 0.27%             | 2038-04-18      | Floating      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                       | Morgan Stanley                                                                | CUSIP: 61761JZN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2189000 | PA      | $2115994.62   | 0.07%             | 2027-04-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                   | T-Mobile USA, Inc.                                                            | CUSIP: 87264ABB0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |  10518000 | PA      | $10213446.58  | 0.34%             | 2025-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DCP Midstream Operating LP                           | DCP Midstream Operating LP                                                    | CUSIP: 23311VAJ6<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |   3663000 | PA      | $3717638.81   | 0.12%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp. (The)                           | Charles Schwab Corp. (The)                                                    | CUSIP: 808513BN4<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   6272000 | PA      | $5995453.60   | 0.20%             | 2024-03-18      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC              | Daimler Truck Finance North America LLC                                       | CUSIP: 233853AD2<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |  10519000 | PA      | $9883636.62   | 0.33%             | 2024-12-13      | Fixed         | 1.62%                 | Yes           |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                    | Credit Acceptance Auto Loan Trust, Series 2021-4, Class B                     | CUSIP: 22535BAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3258000 | PA      | $3028051.01   | 0.10%             | 2030-12-16      | Fixed         | 1.74%                 | Yes           |                  2 | On Loan: No      |
| Indian Oil Corp. Ltd.                                | Indian Oil Corp. Ltd.                                                         | CUSIP: N/A<br>LEI: 335800J8OBWE4VFUDG88       | Long             | DBT              | NUSS              | IN        |   2973000 | PA      | $2979895.67   | 0.10%             | 2023-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                              | BPCE SA                                                                       | CUSIP: 05583JAF9<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   3667000 | PA      | $3631063.40   | 0.12%             | 2023-09-12      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Philip Morris International, Inc.                    | Philip Morris International, Inc.                                             | CUSIP: 718172CV9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   2895000 | PA      | $2958786.11   | 0.10%             | 2027-11-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ACREC Ltd.                                           | ACREC Ltd., Series 2021-FL1, Class AS                                         | CUSIP: 00500RAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5944500 | PA      | $5696345.06   | 0.19%             | 2036-10-16      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| Western Midstream Operating LP                       | Western Midstream Operating LP                                                | CUSIP: 958667AB3<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   3357000 | PA      | $3205935.00   | 0.11%             | 2025-02-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| CNH Industrial Capital LLC                           | CNH Industrial Capital LLC                                                    | CUSIP: 12592BAL8<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   2401000 | PA      | $2222689.06   | 0.07%             | 2026-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                       | Morgan Stanley                                                                | CUSIP: 61747YEC5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   7636000 | PA      | $6813058.51   | 0.23%             | 2027-07-20      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                       | BNP Paribas SA                                                                | CUSIP: 09659W2T0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  12560000 | PA      | $11390617.65  | 0.38%             | 2028-01-20      | Variable      | 2.59%                 | Yes           |                  2 | On Loan: No      |
| Enbridge, Inc.                                       | Enbridge, Inc.                                                                | CUSIP: 29250NBL8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   6525000 | PA      | $6208671.65   | 0.21%             | 2025-02-14      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| C-BASS TRUST                                         | C-BASS TRUST, Series 2007-CB1, Class AF3                                      | CUSIP: 1248MGAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1667776 | PA      | $531089.61    | 0.02%             | 2037-01-25      | Variable      | 1.45%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corp.                                 | Carrier Global Corp.                                                          | CUSIP: 14448CAN4<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    956000 | PA      | $907561.96    | 0.03%             | 2025-02-15      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| Business Jet Securities LLC                          | Business Jet Securities LLC, Series 2021-1A, Class B                          | CUSIP: 12327BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300623 | PA      | $261906.57    | 0.01%             | 2036-04-15      | Fixed         | 2.92%                 | Yes           |                  2 | On Loan: No      |
| Enel Finance International NV                        | Enel Finance International NV                                                 | CUSIP: 29278GAZ1<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   3086000 | PA      | $3197805.07   | 0.11%             | 2025-10-14      | Fixed         | 6.80%                 | Yes           |                  2 | On Loan: No      |
| Huntington National Bank (The)                       | Huntington National Bank (The)                                                | CUSIP: 44644MAH4<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   9500000 | PA      | $9607747.58   | 0.32%             | 2025-11-18      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                 | Glencore Funding LLC                                                          | CUSIP: 378272AT5<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   4410000 | PA      | $4358057.30   | 0.15%             | 2024-03-12      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                       | Morgan Stanley                                                                | CUSIP: 61746BEF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   6092000 | PA      | $5904902.68   | 0.20%             | 2027-01-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                         | Barclays plc                                                                  | CUSIP: 06738EBU8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  10326000 | PA      | $9256343.29   | 0.31%             | 2027-11-24      | Variable      | 2.28%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                   | Energy Transfer LP                                                            | CUSIP: 29278NAP8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3676000 | PA      | $3506992.44   | 0.12%             | 2025-05-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                 | Glencore Funding LLC                                                          | CUSIP: 378272BD9<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   8268000 | PA      | $7443777.05   | 0.25%             | 2026-04-27      | Fixed         | 1.62%                 | Yes           |                  2 | On Loan: No      |
| Nationwide Building Society                          | Nationwide Building Society                                                   | CUSIP: 63861VAF4<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   9261000 | PA      | $8422024.80   | 0.28%             | 2028-02-16      | Variable      | 2.97%                 | Yes           |                  2 | On Loan: No      |
| Microchip Technology, Inc.                           | Microchip Technology, Inc.                                                    | CUSIP: 595017BC7<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |  18197000 | PA      | $17041484.13  | 0.57%             | 2024-09-01      | Fixed         | 0.98%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                           | CUSIP: 91282CEQ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 217085000 | PA      | $210852285.59 | 7.08%             | 2025-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC Multifamily Structured Pass-Through Certificates, Series K726, Class X1 | CUSIP: 3137BYPS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    214670 | PA      | $1861.01      | 0.00%             | 2024-04-25      | Variable      | 0.90%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | UMBS                                                                          | CUSIP: 31414CCH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1143 | PA      | $1142.65      | 0.00%             | 2023-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CNH Industrial NV                                    | CNH Industrial NV                                                             | CUSIP: 12594KAA0<br>LEI: 549300WGC2HZ5J67V817 | Long             | DBT              | CORP              | NL        |   4043000 | PA      | $4027503.34   | 0.14%             | 2023-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                | Bank of America Corp.                                                         | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  22751000 | PA      | $20385186.53  | 0.68%             | 2027-07-22      | Variable      | 1.73%                 | No            |                  2 | On Loan: No      |
| Skyworks Solutions, Inc.                             | Skyworks Solutions, Inc.                                                      | CUSIP: 83088MAJ1<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |   3692000 | PA      | $3634982.41   | 0.12%             | 2023-06-01      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| 7-Eleven, Inc.                                       | 7-Eleven, Inc.                                                                | CUSIP: 817826AA8<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |  10326000 | PA      | $10315157.70  | 0.35%             | 2023-02-10      | Fixed         | 0.62%                 | Yes           |                  2 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp.            | Westinghouse Air Brake Technologies Corp.                                     | CUSIP: 960386AN0<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |   9885000 | PA      | $9759502.21   | 0.33%             | 2024-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Shelter Growth CRE Issuer Ltd.                       | Shelter Growth CRE Issuer Ltd., Series 2021-FL3, Class C                      | CUSIP: 822866AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   6411000 | PA      | $6043673.42   | 0.20%             | 2036-09-15      | Floating      | 6.60%                 | Yes           |                  2 | On Loan: No      |
| Entergy Louisiana LLC                                | Entergy Louisiana LLC                                                         | CUSIP: 29364WBK3<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |  27870000 | PA      | $26197753.46  | 0.88%             | 2024-10-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust                                  | DT Auto Owner Trust, Series 2022-3A, Class B                                  | CUSIP: 23345RAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5250000 | PA      | $5371682.40   | 0.18%             | 2028-07-17      | Fixed         | 6.74%                 | Yes           |                  2 | On Loan: No      |
| JBS USA LUX SA                                       | JBS USA LUX SA                                                                | CUSIP: 46590XAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11955000 | PA      | $10261574.25  | 0.34%             | 2029-02-02      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority        | Massachusetts Educational Financing Authority                                 | CUSIP: 57563RQW2<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    360000 | PA      | $355500.72    | 0.01%             | 2023-07-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                       | Morgan Stanley Capital I Trust, Series 2017-H1, Class XA                      | CUSIP: 61691JAW4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16463365 | PA      | $604538.06    | 0.02%             | 2050-06-15      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                 | Glencore Funding LLC                                                          | CUSIP: 378272AH1<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   3375000 | PA      | $3350576.10   | 0.11%             | 2024-04-29      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Corporate Office Properties LP                       | Corporate Office Properties LP                                                | CUSIP: 22003BAL0<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |  13184000 | PA      | $11931604.38  | 0.40%             | 2026-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                    | Wells Fargo & Co.                                                             | CUSIP: 95000U2R3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  13775000 | PA      | $13613010.13  | 0.46%             | 2024-06-02      | Variable      | 1.65%                 | No            |                  2 | On Loan: No      |
| Global Payments, Inc.                                | Global Payments, Inc.                                                         | CUSIP: 37940XAE2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   8692000 | PA      | $7728550.30   | 0.26%             | 2026-03-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                         | Pacific Gas and Electric Co.                                                  | CUSIP: 694308KE6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   7450000 | PA      | $7374958.39   | 0.25%             | 2025-06-08      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AREIT Trust                                          | AREIT Trust, Series 2019-CRE3, Class AS                                       | CUSIP: 00217LAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2301000 | PA      | $2242218.65   | 0.08%             | 2036-09-14      | Floating      | 5.90%                 | Yes           |                  2 | On Loan: No      |
| AT&T, Inc.                                           | AT&T, Inc.                                                                    | CUSIP: 00206RMJ8<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |  15796000 | PA      | $15111112.93  | 0.51%             | 2024-03-25      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                          | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6220000 | PA      | $5538767.06   | 0.19%             | 2027-02-04      | Variable      | 1.04%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                 | LoanCore Issuer Ltd., Series 2019-CRE3, Class AS                              | CUSIP: 53947DAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   6052584 | PA      | $6079790.21   | 0.20%             | 2034-04-15      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Ballyrock CLO Ltd.                                   | Ballyrock CLO Ltd., Series 2018-1A, Class B                                   | CUSIP: 05875HAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1814958 | PA      | $1741539.55   | 0.06%             | 2031-04-20      | Floating      | 6.71%                 | Yes           |                  2 | On Loan: No      |
| Qorvo, Inc.                                          | Qorvo, Inc.                                                                   | CUSIP: 74739DAA2<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |   3654000 | PA      | $3418974.72   | 0.11%             | 2024-12-15      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| Shackleton 2015-VIII CLO Ltd.                        | Shackleton 2015-VIII CLO Ltd., Series 2015-8A, Class CR                       | CUSIP: 81882EAS1<br>LEI: 549300VJPG28RMYCYW83 | Long             | ABS-CBDO         | CORP              | KY        |   2414922 | PA      | $2359847.29   | 0.08%             | 2027-10-20      | Floating      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| DAE Funding LLC                                      | DAE Funding LLC                                                               | CUSIP: 23371DAF1<br>LEI: 635400SZTPQL3Y1P2C76 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6131645.00   | 0.21%             | 2025-03-20      | Fixed         | 2.62%                 | Yes           |                  2 | On Loan: No      |
| NatWest Group plc                                    | NatWest Group plc                                                             | CUSIP: 780097BK6<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |  15826000 | PA      | $15621818.49  | 0.52%             | 2025-03-22      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| Commercial Equipment Finance LLC                     | Commercial Equipment Finance LLC, Series 2021-A, Class A                      | CUSIP: 20166QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2961230 | PA      | $2855832.25   | 0.10%             | 2027-02-16      | Fixed         | 2.05%                 | Yes           |                  2 | On Loan: No      |
| Plains All American Pipeline LP                      | Plains All American Pipeline LP                                               | CUSIP: 72650RBJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10480000 | PA      | $10370389.68  | 0.35%             | 2025-10-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                          | CUSIP: 46625HJJ0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4455000 | PA      | $4439606.68   | 0.15%             | 2023-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Ownit Mortgage Loan Trust                            | Ownit Mortgage Loan Trust, Series 2006-1, Class AF2                           | CUSIP: 69121PCH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1043205 | PA      | $607044.40    | 0.02%             | 2035-10-25      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| CNH Industrial Capital LLC                           | CNH Industrial Capital LLC                                                    | CUSIP: 12592BAJ3<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   6502000 | PA      | $6444197.22   | 0.22%             | 2024-01-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                    | Credit Acceptance Auto Loan Trust, Series 2021-4, Class A                     | CUSIP: 22535BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1778000 | PA      | $1679409.01   | 0.06%             | 2030-10-15      | Fixed         | 1.26%                 | Yes           |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                           | CUSIP: 91282CDH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 129640000 | PA      | $121734998.76 | 4.08%             | 2024-11-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XIII Ltd.                       | Madison Park Funding XIII Ltd., Series 2014-13A, Class BR2                    | CUSIP: 55818MBC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6806093 | PA      | $6697025.36   | 0.22%             | 2030-04-19      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                           | AerCap Ireland Capital DAC, Series 3NC1                                       | CUSIP: 00774MBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   5472000 | PA      | $5103132.64   | 0.17%             | 2024-10-29      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| BANK                                                 | BANK, Series 2019-BN24, Class XA                                              | CUSIP: 06540VBC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  34656308 | PA      | $1216630.48   | 0.04%             | 2062-11-15      | Variable      | 0.64%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                | NextEra Energy Capital Holdings, Inc.                                         | CUSIP: 65339KBU3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   6270000 | PA      | $6250905.34   | 0.21%             | 2023-03-01      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.       | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL4, Class B      | CUSIP: 03880RAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7713500 | PA      | $7484901.94   | 0.25%             | 2036-11-15      | Floating      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                | Bank of America Corp., Series L                                               | CUSIP: 06051GGC7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   6721000 | PA      | $6599697.98   | 0.22%             | 2027-11-25      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                           | CUSIP: 91282CCC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  91929700 | PA      | $86941795.80  | 2.92%             | 2024-05-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer Ltd.                                    | BSPRT Issuer Ltd., Series 2022-FL8, Class B                                   | CUSIP: 055983AE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2054500 | PA      | $1984934.63   | 0.07%             | 2037-02-15      | Floating      | 6.33%                 | Yes           |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC              | Daimler Truck Finance North America LLC                                       | CUSIP: 233853AN0<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   2231000 | PA      | $2242524.88   | 0.08%             | 2025-01-17      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                      | Goldman Sachs Group, Inc. (The)                                               | CUSIP: 38141GYM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   8452000 | PA      | $7565637.32   | 0.25%             | 2027-10-21      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| PFP Ltd.                                             | PFP Ltd., Series 2021-8, Class B                                              | CUSIP: 69357XAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   3244500 | PA      | $3049979.25   | 0.10%             | 2037-08-09      | Floating      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Securitized Term Auto Loan Receivables Trust         | Securitized Term Auto Loan Receivables Trust, Series 2019-CRTA, Class B       | CUSIP: 81379MAB0<br>LEI: 549300DC604TIE09UO03 | Long             | ABS-O            | CORP              | CA        |    210084 | PA      | $209121.85    | 0.01%             | 2026-03-25      | Fixed         | 2.45%                 | Yes           |                  2 | On Loan: No      |
| Deutsche Bank AG                                     | Deutsche Bank AG                                                              | CUSIP: 251526CG2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  12981000 | PA      | $12260711.70  | 0.41%             | 2025-04-01      | Variable      | 1.45%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                    | HSBC Holdings plc                                                             | CUSIP: 404280DQ9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   4354000 | PA      | $4595646.61   | 0.15%             | 2026-11-03      | Variable      | 7.34%                 | No            |                  2 | On Loan: No      |
| BSPDF Issuer Ltd.                                    | BSPDF Issuer Ltd., Series 2021-FL1, Class B                                   | CUSIP: 055731AE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3130500 | PA      | $2960307.24   | 0.10%             | 2036-10-15      | Floating      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| APA Infrastructure Ltd.                              | APA Infrastructure Ltd.                                                       | CUSIP: 00205GAB3<br>LEI: 261700SS8OEHDOCOUJ33 | Long             | DBT              | CORP              | AU        |  14780000 | PA      | $14428817.30  | 0.48%             | 2025-03-23      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| Stratus Static CLO Ltd.                              | Stratus Static CLO Ltd., Series 2022-3A, Class C                              | CUSIP: 86317EAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   8000000 | PA      | $7972608.00   | 0.27%             | 2031-10-20      | Floating      | 8.20%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC Multifamily Structured Pass-Through Certificates, Series K109, Class X1 | CUSIP: 3137FTG27<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  29012113 | PA      | $2535890.73   | 0.09%             | 2030-04-25      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | FNMA                                                                          | CUSIP: 31400YC79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32348 | PA      | $31765.56     | 0.00%             | 2033-03-01      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                           | Alibaba Group Holding Ltd.                                                    | CUSIP: 01609WAS1<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |   5754000 | PA      | $5708371.87   | 0.19%             | 2023-06-06      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| GLP Capital LP                                       | GLP Capital LP                                                                | CUSIP: 361841AH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1551000 | PA      | $1549417.98   | 0.05%             | 2026-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd.                                            | BXMT Ltd., Series 2020-FL2, Class A                                           | CUSIP: 12434LAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   6977086 | PA      | $6872974.40   | 0.23%             | 2038-02-15      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                    | Wells Fargo & Co.                                                             | CUSIP: 95000U2V4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  13228000 | PA      | $12579866.76  | 0.42%             | 2028-03-24      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| Berry Global, Inc.                                   | Berry Global, Inc.                                                            | CUSIP: 08576PAF8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   9789000 | PA      | $8563516.26   | 0.29%             | 2027-01-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Pioneer Natural Resources Co.                        | Pioneer Natural Resources Co.                                                 | CUSIP: 723787AU1<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |   5857000 | PA      | $5785016.94   | 0.19%             | 2023-05-15      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer Ltd.                                    | BSPRT Issuer Ltd., Series 2021-FL7, Class B                                   | CUSIP: 05602CAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1552000 | PA      | $1449451.60   | 0.05%             | 2038-12-15      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| JBS USA LUX SA                                       | JBS USA LUX SA                                                                | CUSIP: 46590XAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4517000 | PA      | $4418635.10   | 0.15%             | 2028-02-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                         | Avolon Holdings Funding Ltd.                                                  | CUSIP: 05401AAR2<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   6154000 | PA      | $5310917.82   | 0.18%             | 2027-11-18      | Fixed         | 2.53%                 | Yes           |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                              | CF Hippolyta Issuer LLC, Series 2020-1, Class B1                              | CUSIP: 12530MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    501588 | PA      | $446261.37    | 0.01%             | 2060-07-15      | Fixed         | 2.28%                 | Yes           |                  2 | On Loan: No      |
| Dell International LLC                               | Dell International LLC                                                        | CUSIP: 24703TAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1522000 | PA      | $1550842.75   | 0.05%             | 2025-07-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Genuine Parts Co.                                    | Genuine Parts Co.                                                             | CUSIP: 372460AB1<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |   5643000 | PA      | $5305211.77   | 0.18%             | 2025-02-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FORT CRE Issuer LLC                                  | FORT CRE Issuer LLC, Series 2022-FL3, Class A                                 | CUSIP: 34706CAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8935000 | PA      | $8662339.54   | 0.29%             | 2039-02-23      | Floating      | 6.16%                 | Yes           |                  2 | On Loan: No      |
| Progress Residential                                 | Progress Residential, Series 2021-SFR1, Class B                               | CUSIP: 74331FAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1210000 | PA      | $1062066.85   | 0.04%             | 2038-04-17      | Fixed         | 1.30%                 | Yes           |                  2 | On Loan: No      |
| EQT Corp.                                            | EQT Corp.                                                                     | CUSIP: 26884LAQ2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   3013000 | PA      | $3048583.53   | 0.10%             | 2028-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                         | Avolon Holdings Funding Ltd.                                                  | CUSIP: 05401AAK7<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   3134000 | PA      | $3080637.44   | 0.10%             | 2026-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Jamestown CLO XV Ltd.                                | Jamestown CLO XV Ltd., Series 2020-15A, Class C                               | CUSIP: 47050EAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  14432415 | PA      | $13708080.96  | 0.46%             | 2033-04-15      | Floating      | 7.24%                 | Yes           |                  2 | On Loan: No      |
| BXMT Ltd.                                            | BXMT Ltd., Series 2020-FL2, Class B                                           | CUSIP: 12434LAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   5795500 | PA      | $5480317.53   | 0.18%             | 2038-02-15      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                         | Avolon Holdings Funding Ltd.                                                  | CUSIP: 05401AAF8<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   5703000 | PA      | $5526283.93   | 0.19%             | 2024-07-01      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| FORT CRE Issuer LLC                                  | FORT CRE Issuer LLC, Series 2022-FL3, Class AS                                | CUSIP: 34706CAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8299000 | PA      | $7971181.20   | 0.27%             | 2039-02-23      | Floating      | 6.56%                 | Yes           |                  2 | On Loan: No      |
| DT Auto Owner Trust                                  | DT Auto Owner Trust, Series 2022-3A, Class A                                  | CUSIP: 23345RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7925512 | PA      | $7955918.73   | 0.27%             | 2026-10-15      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| SK Hynix, Inc.                                       | SK Hynix, Inc.                                                                | CUSIP: 78392BAD9<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |  12203000 | PA      | $12331985.83  | 0.41%             | 2026-01-17      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | UMBS                                                                          | CUSIP: 3138ERQS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1041614 | PA      | $1014369.42   | 0.03%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                    | HSBC Holdings plc                                                             | CUSIP: 404280CG2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   4303000 | PA      | $3988089.20   | 0.13%             | 2026-06-04      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                | Wells Fargo Commercial Mortgage Trust, Series 2021-C61, Class XA              | CUSIP: 95003QBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  47206491 | PA      | $3551759.77   | 0.12%             | 2054-11-15      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| Ambac Assurance Corp.                                | Ambac Assurance Corp.                                                         | CUSIP: 023138AA8<br>LEI: 549300RYYRVPPB8NC636 | Long             | DBT              | CORP              | US        |     23513 | PA      | $34211.83     | 0.00%             | 2049-12-31      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Imperial Brands Finance plc                          | Imperial Brands Finance plc                                                   | CUSIP: 45262BAF0<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   4706000 | PA      | $4832337.28   | 0.16%             | 2027-07-27      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| MF1 Ltd.                                             | MF1 Ltd., Series 2021-FL6, Class B                                            | CUSIP: 55283TAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10716294 | PA      | $10175200.45  | 0.34%             | 2036-07-16      | Floating      | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Rogers Communications, Inc.                          | Rogers Communications, Inc.                                                   | CUSIP: 775109CB5<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |  12002000 | PA      | $11287294.70  | 0.38%             | 2027-03-15      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| Stellantis Finance US, Inc.                          | Stellantis Finance US, Inc.                                                   | CUSIP: 85855CAA8<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7053765.68   | 0.24%             | 2027-01-29      | Fixed         | 1.71%                 | Yes           |                  2 | On Loan: No      |
| Marriott International, Inc.                         | Marriott International, Inc., Series EE                                       | CUSIP: 571903BD4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   1617000 | PA      | $1644467.25   | 0.06%             | 2025-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Co.                       | Southern California Edison Co., Series K                                      | CUSIP: 842400HK2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   7618000 | PA      | $7170963.34   | 0.24%             | 2024-08-01      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer Ltd.                                    | BSPRT Issuer Ltd., Series 2019-FL5, Class C                                   | CUSIP: 05587TAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2926587.00   | 0.10%             | 2029-05-15      | Floating      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| MF1 LLC                                              | MF1 LLC, Series 2022-FL9, Class B                                             | CUSIP: 55285AAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  15126500 | PA      | $14804260.17  | 0.50%             | 2037-06-19      | Floating      | 7.64%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                     | OneMain Financial Issuance Trust, Series 2020-2A, Class A                     | CUSIP: 682696AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8570000 | PA      | $7636607.02   | 0.26%             | 2035-09-14      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                         | GS Mortgage Securities Trust, Series 2017-GS7, Class XA                       | CUSIP: 36254CAX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  36818443 | PA      | $1300258.04   | 0.04%             | 2050-08-10      | Variable      | 1.08%                 | No            |                  2 | On Loan: No      |
| Standard Chartered plc                               | Standard Chartered plc                                                        | CUSIP: 853254CQ1<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   4409000 | PA      | $4516998.59   | 0.15%             | 2027-01-09      | Variable      | 6.17%                 | Yes           |                  2 | On Loan: No      |
| GLP Capital LP                                       | GLP Capital LP                                                                | CUSIP: 361841AF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4936000 | PA      | $4938468.00   | 0.17%             | 2023-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Crown Castle International Corp.                     | Crown Castle International Corp.                                              | CUSIP: 22822VAJ0<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   5334000 | PA      | $5293458.61   | 0.18%             | 2023-07-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                | Sumitomo Mitsui Financial Group, Inc.                                         | CUSIP: 86562MCC2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   2541000 | PA      | $2433810.71   | 0.08%             | 2024-01-12      | Fixed         | 0.51%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)             | PNC Financial Services Group, Inc. (The)                                      | CUSIP: 693475BK0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  15162000 | PA      | $15608338.50  | 0.52%             | 2028-12-02      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                              | Hyundai Capital America                                                       | CUSIP: 44891ABE6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2145000 | PA      | $2143335.14   | 0.07%             | 2023-02-10      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | U.S. Treasury 2 Year Note                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       175 | NC      | $125713.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK                                                 | BANK, Series 2021-BN35, Class XA                                              | CUSIP: 06540CBL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  31932941 | PA      | $1909270.56   | 0.06%             | 2064-06-15      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| FNMA                                                 | FNMA                                                                          | CUSIP: 31401L4W0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     71606 | PA      | $70527.97     | 0.00%             | 2033-05-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority       | New Jersey Transportation Trust Fund Authority                                | CUSIP: 6461366P1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1817401.07   | 0.06%             | 2023-06-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                    | Philip Morris International, Inc.                                             | CUSIP: 718172CU1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3293375.02   | 0.11%             | 2025-11-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Emera US Finance LP                                  | Emera US Finance LP                                                           | CUSIP: 29103DAS5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3730000 | PA      | $3506240.84   | 0.12%             | 2024-06-15      | Fixed         | 0.83%                 | No            |                  2 | On Loan: No      |
| AREIT Trust                                          | AREIT Trust, Series 2019-CRE3, Class C                                        | CUSIP: 00217LAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    940000 | PA      | $891997.96    | 0.03%             | 2036-09-14      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC              | Volkswagen Group of America Finance LLC                                       | CUSIP: 928668BE1<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   7295000 | PA      | $7025666.85   | 0.24%             | 2025-05-13      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                       | Morgan Stanley Capital I Trust, Series 2021-L5, Class XA                      | CUSIP: 61691YAP6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  45319379 | PA      | $3135851.76   | 0.11%             | 2054-05-15      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| National Securities Clearing Corp.                   | National Securities Clearing Corp.                                            | CUSIP: 637639AE5<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |  10182000 | PA      | $9170384.60   | 0.31%             | 2025-12-07      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                           | Warnermedia Holdings, Inc.                                                    | CUSIP: 55903VAG8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   6864000 | PA      | $6433057.49   | 0.22%             | 2027-03-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                              | CF Hippolyta Issuer LLC, Series 2020-1, Class A1                              | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1573950 | PA      | $1422339.49   | 0.05%             | 2060-07-15      | Fixed         | 1.69%                 | Yes           |                  2 | On Loan: No      |
| Howard University                                    | Howard University, Series 2020                                                | CUSIP: 442851AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    578000 | PA      | $545092.54    | 0.02%             | 2025-10-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Equitable Financial Life Global Funding              | Equitable Financial Life Global Funding                                       | CUSIP: 29449WAA5<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |   4044000 | PA      | $3711231.74   | 0.12%             | 2025-07-07      | Fixed         | 1.40%                 | Yes           |                  2 | On Loan: No      |
| ACREC Ltd.                                           | ACREC Ltd., Series 2021-FL1, Class C                                          | CUSIP: 00500RAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5972500 | PA      | $5700292.56   | 0.19%             | 2036-10-16      | Floating      | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Air Lease Corp.                                      | Air Lease Corp.                                                               | CUSIP: 00914AAR3<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   7822000 | PA      | $7013332.62   | 0.24%             | 2027-01-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Business Jet Securities LLC                          | Business Jet Securities LLC, Series 2020-1A, Class A                          | CUSIP: 12327FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    823598 | PA      | $755675.86    | 0.03%             | 2035-11-15      | Fixed         | 2.98%                 | Yes           |                  2 | On Loan: No      |
| Boeing Co. (The)                                     | Boeing Co. (The)                                                              | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  11032000 | PA      | $10199392.79  | 0.34%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Thornburg Mortgage Securities Trust                  | Thornburg Mortgage Securities Trust, Series 2003-2, Class A1                  | CUSIP: 885220DC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     24879 | PA      | $24735.36     | 0.00%             | 2043-04-25      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| CCUBS Commercial Mortgage Trust                      | CCUBS Commercial Mortgage Trust, Series 2017-C1, Class XA                     | CUSIP: 12508GAV8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  23696419 | PA      | $838263.18    | 0.03%             | 2050-11-15      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                         | Mizuho Financial Group, Inc.                                                  | CUSIP: 60687YBJ7<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   7800000 | PA      | $7575939.70   | 0.25%             | 2024-09-08      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                 | Royal Bank of Canada                                                          | CUSIP: 78015K7J7<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  16550000 | PA      | $16023135.88  | 0.54%             | 2023-10-26      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                   | Energy Transfer LP                                                            | CUSIP: 29273VAP5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3921000 | PA      | $3984637.83   | 0.13%             | 2028-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| National Securities Clearing Corp.                   | National Securities Clearing Corp.                                            | CUSIP: 637639AB1<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |   3257000 | PA      | $3040110.28   | 0.10%             | 2025-04-23      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| Barclays plc                                         | Barclays plc                                                                  | CUSIP: 06738EBL8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2564000 | PA      | $2425246.60   | 0.08%             | 2026-05-07      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                            | Vistra Operations Co. LLC                                                     | CUSIP: 92840VAK8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |  16784000 | PA      | $16564800.96  | 0.56%             | 2024-05-13      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Emirate of Abu Dhabi United Arab Emirates            | United Arab Emirates Government Bond                                          | CUSIP: 29135LAL4<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |   7805000 | PA      | $7609875.00   | 0.26%             | 2023-09-02      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                         | GS Mortgage Securities Trust, Series 2017-GS6, Class XA                       | CUSIP: 36253PAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  38643696 | PA      | $1357240.02   | 0.05%             | 2050-05-10      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                              | National Bank of Canada                                                       | CUSIP: 63307A2M6<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   5738000 | PA      | $5530189.61   | 0.19%             | 2024-11-15      | Variable      | 0.55%                 | No            |                  2 | On Loan: No      |
| CD Mortgage Trust                                    | CD Mortgage Trust, Series 2017-CD4, Class XA                                  | CUSIP: 12515DAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  35341196 | PA      | $1381847.82   | 0.05%             | 2050-05-10      | Variable      | 1.23%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                      | Goldman Sachs Group, Inc. (The)                                               | CUSIP: 38141GZH0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  10205000 | PA      | $9824863.75   | 0.33%             | 2025-01-24      | Variable      | 1.76%                 | No            |                  2 | On Loan: No      |
| MF1 Ltd.                                             | MF1 Ltd., Series 2020-FL4, Class B                                            | CUSIP: 58003UAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10472500 | PA      | $10459587.41  | 0.35%             | 2035-11-15      | Floating      | 7.35%                 | Yes           |                  2 | On Loan: No      |
| BSPRT Issuer Ltd.                                    | BSPRT Issuer Ltd., Series 2022-FL8, Class C                                   | CUSIP: 055983AG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3317000 | PA      | $3157035.68   | 0.11%             | 2037-02-15      | Floating      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | UMBS                                                                          | CUSIP: 31415QRR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6039 | PA      | $6137.97      | 0.00%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust          | MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL5, Class C         | CUSIP: 55282XAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3716500 | PA      | $3468668.91   | 0.12%             | 2036-07-15      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| Glencore Funding LLC                                 | Glencore Funding LLC                                                          | CUSIP: 378272AX6<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7242395.94   | 0.24%             | 2025-09-01      | Fixed         | 1.62%                 | Yes           |                  2 | On Loan: No      |
| VMware, Inc.                                         | VMware, Inc.                                                                  | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   4186000 | PA      | $3706759.09   | 0.12%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| ERAC USA Finance LLC                                 | ERAC USA Finance LLC                                                          | CUSIP: 26884TAP7<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |   2559000 | PA      | $2468656.17   | 0.08%             | 2025-11-01      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| PFP Ltd.                                             | PFP Ltd., Series 2021-7, Class C                                              | CUSIP: 69290LAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    955952 | PA      | $889593.92    | 0.03%             | 2038-04-14      | Floating      | 6.10%                 | Yes           |                  2 | On Loan: No      |
| Allegro CLO II-S Ltd.                                | Allegro CLO II-S Ltd., Series 2014-1RA, Class A2                              | CUSIP: 01751EAE8<br>LEI: 635400R1GOVCHJ4SNX58 | Long             | ABS-CBDO         | CORP              | KY        |    776747 | PA      | $767589.93    | 0.03%             | 2028-10-21      | Floating      | 6.42%                 | Yes           |                  2 | On Loan: No      |
| General Mills, Inc.                                  | General Mills, Inc.                                                           | CUSIP: 370334CS1<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |   7214000 | PA      | $7251787.87   | 0.24%             | 2025-11-18      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| California Earthquake Authority                      | California Earthquake Authority                                               | CUSIP: 13017HAK2<br>LEI: 254900P2MGLOUH3QS859 | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2388783.84   | 0.08%             | 2023-07-01      | Fixed         | 1.48%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                         | Marriott International, Inc.                                                  | CUSIP: 571903AP8<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   1655000 | PA      | $1607344.11   | 0.05%             | 2025-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GSK Consumer Healthcare Capital UK plc               | GSK Consumer Healthcare Capital UK plc                                        | CUSIP: 36264NAB0<br>LEI: 5493004B26DRJNN0OV17 | Long             | DBT              | CORP              | GB        |  10091000 | PA      | $9706282.64   | 0.33%             | 2025-03-24      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                 | LoanCore Issuer Ltd., Series 2018-CRE1, Class AS                              | CUSIP: 53946MAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3303917 | PA      | $3291305.62   | 0.11%             | 2028-05-15      | Floating      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| Corebridge Financial, Inc.                           | Corebridge Financial, Inc.                                                    | CUSIP: 21871XAA7<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   3720000 | PA      | $3595179.38   | 0.12%             | 2025-04-04      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                         | Pacific Gas and Electric Co.                                                  | CUSIP: 694308KA4<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |  10584000 | PA      | $10388652.38  | 0.35%             | 2024-02-16      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                   | Crown Castle, Inc.                                                            | CUSIP: 22822VAS0<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1776000 | PA      | $1631614.31   | 0.05%             | 2025-07-15      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| Howard University                                    | Howard University, Series 2020                                                | CUSIP: 442851AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    424000 | PA      | $417410.53    | 0.01%             | 2023-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Baidu, Inc.                                          | Baidu, Inc.                                                                   | CUSIP: 056752AK4<br>LEI: 254900AL64IANZYI1E02 | Long             | DBT              | CORP              | KY        |   3736000 | PA      | $3699536.64   | 0.12%             | 2023-09-29      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                       | Morgan Stanley                                                                | CUSIP: 6174467Y9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   9466000 | PA      | $9279699.37   | 0.31%             | 2026-09-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                | Bank of America Corp.                                                         | CUSIP: 06051GFL8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4033000 | PA      | $3954195.87   | 0.13%             | 2026-10-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                         | UBS Group AG                                                                  | CUSIP: 902613AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  10083000 | PA      | $10212557.27  | 0.34%             | 2027-01-12      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                | ARI Fleet Lease Trust, Series 2020-A, Class A3                                | CUSIP: 00217TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1112617 | PA      | $1109939.03   | 0.04%             | 2028-08-15      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                          | CUSIP: 46647PBH8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   7223000 | PA      | $6794806.76   | 0.23%             | 2026-03-13      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                            | Corebridge Global Funding                                                     | CUSIP: 00138CAM0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   4511000 | PA      | $4430775.74   | 0.15%             | 2023-07-07      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                     | OneMain Financial Issuance Trust, Series 2022-S1, Class A                     | CUSIP: 68267HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5509000 | PA      | $5357014.95   | 0.18%             | 2035-05-14      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| ERAC USA Finance LLC                                 | ERAC USA Finance LLC                                                          | CUSIP: 26884TAT9<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |   5924000 | PA      | $5804895.20   | 0.19%             | 2023-11-01      | Fixed         | 2.70%                 | Yes           |                  2 | On Loan: No      |
| Kohl's Corp.                                         | Kohl's Corp.                                                                  | CUSIP: 500255AW4<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |   9595000 | PA      | $10221679.96  | 0.34%             | 2025-05-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                 | LoanCore Issuer Ltd., Series 2018-CRE1, Class C                               | CUSIP: 53946MAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1859500 | PA      | $1807513.96   | 0.06%             | 2028-05-15      | Floating      | 7.01%                 | Yes           |                  2 | On Loan: No      |
| Regal Rexnord Corp.                                  | Regal Rexnord Corp.                                                           | CUSIP: 758750AD5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   5533000 | PA      | $5617187.69   | 0.19%             | 2028-04-15      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Securitized Term Auto Loan Receivables Trust         | Securitized Term Auto Loan Receivables Trust, Series 2019-CRTA, Class C       | CUSIP: 81379MAC8<br>LEI: 549300DC604TIE09UO03 | Long             | ABS-O            | CORP              | CA        |    269148 | PA      | $268033.56    | 0.01%             | 2026-03-25      | Fixed         | 2.85%                 | Yes           |                  2 | On Loan: No      |
| JPMCC Commercial Mortgage Securities Trust           | JPMCC Commercial Mortgage Securities Trust, Series 2017-JP7, Class XA         | CUSIP: 465968AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  40045060 | PA      | $1266925.59   | 0.04%             | 2050-09-15      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                 | Mitsubishi UFJ Financial Group, Inc.                                          | CUSIP: 606822BV5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |  10500000 | PA      | $10186675.91  | 0.34%             | 2024-09-15      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| Dryden 49 Senior Loan Fund                           | Dryden 49 Senior Loan Fund, Series 2017-49A, Class BR                         | CUSIP: 26244QAQ6<br>LEI: 549300VCB8LYR1RGV869 | Long             | ABS-CBDO         | CORP              | KY        |   9054010 | PA      | $8844771.83   | 0.30%             | 2030-07-18      | Floating      | 6.39%                 | Yes           |                  2 | On Loan: No      |
| Navistar Financial Dealer Note Master Owner Trust II | Navistar Financial Dealer Note Master Owner Trust II, Series 2022-1, Class A  | CUSIP: 63938PBR9<br>LEI: 549300S28N49H5RT4J50 | Long             | ABS-O            | CORP              | US        |  10812000 | PA      | $10848107.76  | 0.36%             | 2027-05-25      | Floating      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                             | Benchmark Mortgage Trust, Series 2021-B27, Class XA                           | CUSIP: 08163HAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  71405468 | PA      | $5154996.38   | 0.17%             | 2054-07-15      | Variable      | 1.27%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                           | AerCap Ireland Capital DAC                                                    | CUSIP: 00774MAK1<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   6254000 | PA      | $6218504.80   | 0.21%             | 2024-01-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                | Bank of America Corp.                                                         | CUSIP: 06051GFU8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   6999000 | PA      | $6935787.27   | 0.23%             | 2026-03-03      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                       | Broadcom, Inc.                                                                | CUSIP: 11135FBB6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   5544000 | PA      | $5300111.12   | 0.18%             | 2025-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial, Inc.                           | Corebridge Financial, Inc.                                                    | CUSIP: 21871XAC3<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   7440000 | PA      | $7111032.66   | 0.24%             | 2027-04-05      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| BSPRT Issuer Ltd.                                    | BSPRT Issuer Ltd., Series 2021-FL6, Class C                                   | CUSIP: 05601HAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2447500 | PA      | $2243109.28   | 0.08%             | 2036-03-15      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Macquarie Group Ltd.                                 | Macquarie Group Ltd.                                                          | CUSIP: 55608JBA5<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |  10208000 | PA      | $9455379.88   | 0.32%             | 2025-10-14      | Variable      | 1.20%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust   | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2017-C33, Class XA | CUSIP: 61767CAW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  33733869 | PA      | $1302862.74   | 0.04%             | 2050-05-15      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                       | Sales Tax Securitization Corp.                                                | CUSIP: 79467BDC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2890000 | PA      | $2822476.88   | 0.09%             | 2024-01-01      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                             | Benchmark Mortgage Trust, Series 2021-B28, Class XA                           | CUSIP: 08163GAZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  53489753 | PA      | $3879467.35   | 0.13%             | 2054-08-15      | Variable      | 1.28%                 | No            |                  2 | On Loan: No      |
| Standard Chartered plc                               | Standard Chartered plc                                                        | CUSIP: 853254CE8<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   2554000 | PA      | $2373593.08   | 0.08%             | 2025-11-23      | Variable      | 1.82%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                | FHLMC, Series 4203, Class BN                                                  | CUSIP: 3137B2BP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6424542 | PA      | $6071827.17   | 0.20%             | 2033-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                 | BBCMS Mortgage Trust, Series 2021-C9, Class XA                                | CUSIP: 05493EAZ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  55059998 | PA      | $5002096.21   | 0.17%             | 2054-02-15      | Variable      | 1.63%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                         | GS Mortgage Securities Trust, Series 2020-GC47, Class XA                      | CUSIP: 36258RBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  39159911 | PA      | $2448559.58   | 0.08%             | 2053-05-12      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                    | HSBC Holdings plc                                                             | CUSIP: 404280CX5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  12000000 | PA      | $10771072.92  | 0.36%             | 2027-11-22      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| ACRES Commercial Realty Ltd.                         | ACRES Commercial Realty Ltd., Series 2021-FL2, Class B                        | CUSIP: 00500JAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6994000 | PA      | $6758793.18   | 0.23%             | 2037-01-15      | Floating      | 6.71%                 | Yes           |                  2 | On Loan: No      |
| Impac CMB Trust                                      | Impac CMB Trust, Series 2004-7, Class 1A1                                     | CUSIP: 45254NKF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     34521 | PA      | $33654.98     | 0.00%             | 2034-11-25      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Howard University                                    | Howard University, Series 2020                                                | CUSIP: 442851AF8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    467000 | PA      | $443351.23    | 0.01%             | 2024-10-01      | Fixed         | 2.42%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.       | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL1, Class C      | CUSIP: 03881CAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    752000 | PA      | $712150.77    | 0.02%             | 2035-12-15      | Floating      | 6.42%                 | Yes           |                  2 | On Loan: No      |
| Gray Oak Pipeline LLC                                | Gray Oak Pipeline LLC                                                         | CUSIP: 38937LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7337000 | PA      | $7168623.33   | 0.24%             | 2023-09-15      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| National Securities Clearing Corp.                   | National Securities Clearing Corp.                                            | CUSIP: 637639AC9<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |   5086000 | PA      | $4901978.91   | 0.16%             | 2023-12-07      | Fixed         | 0.40%                 | Yes           |                  2 | On Loan: No      |
| Ross Stores, Inc.                                    | Ross Stores, Inc.                                                             | CUSIP: 778296AF0<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | DBT              | CORP              | US        |   7614000 | PA      | $6771701.55   | 0.23%             | 2026-04-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                   | Credit Agricole SA                                                            | CUSIP: 22535WAG2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   2080000 | PA      | $1920856.66   | 0.06%             | 2026-06-16      | Variable      | 1.91%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                 | FNMA, Series 2015-61, Class PA                                                | CUSIP: 3136APK43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    536727 | PA      | $517211.57    | 0.02%             | 2044-05-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ACREC Ltd.                                           | ACREC Ltd., Series 2021-FL1, Class B                                          | CUSIP: 00500RAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  11776000 | PA      | $11284135.32  | 0.38%             | 2036-10-16      | Floating      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| BAT Capital Corp.                                    | BAT Capital Corp.                                                             | CUSIP: 05526DAZ8<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   4881000 | PA      | $4747806.34   | 0.16%             | 2024-08-15      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Resources Corp.                   | CenterPoint Energy Resources Corp.                                            | CUSIP: 15189WAM2<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |   7769000 | PA      | $7744782.78   | 0.26%             | 2023-03-02      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corp.                                  | Regal Rexnord Corp.                                                           | CUSIP: 758750AC7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   9148000 | PA      | $9296419.44   | 0.31%             | 2026-02-15      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Metropolitan Life Global Funding I                   | Metropolitan Life Global Funding I                                            | CUSIP: 59217GGV5<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   7624000 | PA      | $7309763.50   | 0.25%             | 2024-01-07      | Fixed         | 0.40%                 | Yes           |                  2 | On Loan: No      |
| PNC Bank NA                                          | PNC Bank NA                                                                   | CUSIP: 05552JAA7<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   4237000 | PA      | $4092540.42   | 0.14%             | 2024-08-27      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                         | Avolon Holdings Funding Ltd.                                                  | CUSIP: 05401AAP6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   4709000 | PA      | $4056966.53   | 0.14%             | 2028-02-21      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Long Island Power Authority                          | Long Island Power Authority                                                   | CUSIP: 542691DP2<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   3570000 | PA      | $3557514.64   | 0.12%             | 2023-03-01      | Fixed         | 0.76%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                          | CUSIP: 46647PAU0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   7253000 | PA      | $7204547.93   | 0.24%             | 2024-07-23      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| AREIT Trust                                          | AREIT Trust, Series 2019-CRE3, Class B                                        | CUSIP: 00217LAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1136500 | PA      | $1093707.37   | 0.04%             | 2036-09-14      | Floating      | 6.15%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                          | Capital One Financial Corp.                                                   | CUSIP: 14040HCM5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  12928000 | PA      | $12242588.21  | 0.41%             | 2026-03-03      | Variable      | 2.64%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                         | Barclays plc                                                                  | CUSIP: 06738EBQ7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2837000 | PA      | $2729834.94   | 0.09%             | 2024-12-10      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                | Sumitomo Mitsui Financial Group, Inc.                                         | CUSIP: 86562MCM0<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   8414000 | PA      | $7583610.73   | 0.25%             | 2027-01-14      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Anglo American Capital plc                           | Anglo American Capital plc                                                    | CUSIP: 034863AR1<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |  10084000 | PA      | $10037702.64  | 0.34%             | 2027-04-10      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Oaktree CLO Ltd.                                     | Oaktree CLO Ltd., Series 2019-1A, Class BR                                    | CUSIP: 67401XAL5<br>LEI: 549300BJ8TRWJ20BLC43 | Long             | ABS-CBDO         | CORP              | KY        |   8692908 | PA      | $8433329.07   | 0.28%             | 2030-04-22      | Floating      | 6.57%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | IRS                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |  73100000 | PA      | $640712.52    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                 | BBCMS Mortgage Trust, Series 2018-C2, Class XA                                | CUSIP: 05491UBE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  63104447 | PA      | $2157471.64   | 0.07%             | 2051-12-15      | Variable      | 0.76%                 | Yes           |                  2 | On Loan: No      |
| AREIT Trust                                          | AREIT Trust, Series 2019-CRE3, Class A                                        | CUSIP: 00217LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    442958 | PA      | $438086.84    | 0.01%             | 2036-09-14      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| NextGear Floorplan Master Owner Trust                | NextGear Floorplan Master Owner Trust, Series 2022-1A, Class A1               | CUSIP: 65341KBS4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6113000 | PA      | $6114400.49   | 0.21%             | 2027-03-15      | Floating      | 5.33%                 | Yes           |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                 | LoanCore Issuer Ltd., Series 2021-CRE5, Class B                               | CUSIP: 53947XAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3588000 | PA      | $3389339.26   | 0.11%             | 2036-07-15      | Floating      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority        | Massachusetts Educational Financing Authority                                 | CUSIP: 57563RQX0<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $961183.70    | 0.03%             | 2024-07-01      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| 7-Eleven, Inc.                                       | 7-Eleven, Inc.                                                                | CUSIP: 817826AB6<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |   7744000 | PA      | $7404018.27   | 0.25%             | 2024-02-10      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Capital America                              | Hyundai Capital America                                                       | CUSIP: 44891ABJ5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  12206000 | PA      | $12211980.94  | 0.41%             | 2023-04-06      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.       | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL3, Class B      | CUSIP: 03880KAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3008500 | PA      | $2755370.83   | 0.09%             | 2034-08-15      | Floating      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                      | Goldman Sachs Group, Inc. (The), Series VAR                                   | CUSIP: 38141GXM1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4637000 | PA      | $4144995.38   | 0.14%             | 2026-12-09      | Variable      | 1.09%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority               | California Municipal Finance Authority                                        | CUSIP: 13048VQB7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1258882.45   | 0.04%             | 2023-11-01      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Nordstrom, Inc.                                      | Nordstrom, Inc.                                                               | CUSIP: 655664AX8<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   3956000 | PA      | $3754718.72   | 0.13%             | 2024-04-08      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| JDE Peet's NV                                        | JDE Peet's NV                                                                 | CUSIP: 47216QAA1<br>LEI: 724500EHG519SE5ZRT89 | Long             | DBT              | CORP              | NL        |  11971000 | PA      | $11058119.67  | 0.37%             | 2024-09-24      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| Business Jet Securities LLC                          | Business Jet Securities LLC, Series 2021-1A, Class A                          | CUSIP: 12327BAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1582045 | PA      | $1421783.90   | 0.05%             | 2036-04-15      | Fixed         | 2.16%                 | Yes           |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                    | Credit Acceptance Auto Loan Trust, Series 2021-2A, Class A                    | CUSIP: 22537CAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2192000 | PA      | $2116726.28   | 0.07%             | 2030-02-15      | Fixed         | 0.96%                 | Yes           |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC              | Volkswagen Group of America Finance LLC                                       | CUSIP: 928668BD3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1111000 | PA      | $1105439.94   | 0.04%             | 2023-05-12      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| HCA, Inc.                                            | HCA, Inc.                                                                     | CUSIP: 404119CD9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   7303000 | PA      | $6789261.34   | 0.23%             | 2027-03-15      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| C-BASS Mortgage Loan Trust                           | C-BASS Mortgage Loan Trust, Series 2007-CB3, Class A3                         | CUSIP: 17311YAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2239558 | PA      | $855952.31    | 0.03%             | 2037-03-25      | Variable      | 2.03%                 | No            |                  2 | On Loan: No      |
| Bayview Financial Revolving Asset Trust              | Bayview Financial Revolving Asset Trust, Series 2005-E, Class M1              | CUSIP: 073250BW1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    151902 | PA      | $189095.95    | 0.01%             | 2040-12-28      | Floating      | 6.15%                 | Yes           |                  2 | On Loan: No      |
| Hyatt Hotels Corp.                                   | Hyatt Hotels Corp.                                                            | CUSIP: 448579AN2<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   7537000 | PA      | $7151198.83   | 0.24%             | 2024-10-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Southwick Park CLO LLC                               | Southwick Park CLO LLC, Series 2019-4A, Class B1R                             | CUSIP: 846031AQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2957000 | PA      | $2877734.66   | 0.10%             | 2032-07-20      | Floating      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| Hyatt Hotels Corp.                                   | Hyatt Hotels Corp.                                                            | CUSIP: 448579AL6<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   8139000 | PA      | $7921696.43   | 0.27%             | 2023-10-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                 | Mitsubishi UFJ Financial Group, Inc.                                          | CUSIP: 606822CA0<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   7021000 | PA      | $6515636.42   | 0.22%             | 2025-10-11      | Variable      | 0.96%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust          | MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL5, Class B         | CUSIP: 55282XAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13063500 | PA      | $12618653.86  | 0.42%             | 2036-07-15      | Floating      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Atmos Energy Corp.                                   | Atmos Energy Corp.                                                            | CUSIP: 049560AU9<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |  14123000 | PA      | $14064626.96  | 0.47%             | 2023-03-09      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority       | New Jersey Transportation Trust Fund Authority                                | CUSIP: 6461366Q9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1661631.97   | 0.06%             | 2024-06-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Brookfield Finance, Inc.                             | Brookfield Finance, Inc.                                                      | CUSIP: 11271LAC6<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |  13949000 | PA      | $13325232.80  | 0.45%             | 2028-01-25      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BANK                                                 | BANK, Series 2021-BN31, Class XA                                              | CUSIP: 06541ABM1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  52869292 | PA      | $3986815.16   | 0.13%             | 2054-02-15      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd.                                     | Oaktree CLO Ltd., Series 2019-1A, Class CR                                    | CUSIP: 67401XAN1<br>LEI: 549300BJ8TRWJ20BLC43 | Long             | ABS-CBDO         | CORP              | KY        |   7442908 | PA      | $7102112.13   | 0.24%             | 2030-04-22      | Floating      | 7.17%                 | Yes           |                  2 | On Loan: No      |
| Ballyrock CLO Ltd.                                   | Ballyrock CLO Ltd., Series 2018-1A, Class A2                                  | CUSIP: 05875HAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4282847 | PA      | $4188954.57   | 0.14%             | 2031-04-20      | Floating      | 6.41%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                | Sumitomo Mitsui Financial Group, Inc.                                         | CUSIP: 86562MCA6<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   7574000 | PA      | $6957793.37   | 0.23%             | 2025-07-08      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                       | Morgan Stanley                                                                | CUSIP: 6174468W2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  12221000 | PA      | $12209011.20  | 0.41%             | 2024-01-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp.                                | Las Vegas Sands Corp.                                                         | CUSIP: 517834AG2<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   5950000 | PA      | $5726169.45   | 0.19%             | 2024-08-08      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Engie Energia Chile SA                               | Engie Energia Chile SA                                                        | CUSIP: 268270AD7<br>LEI: 5493000FIKCC3ZDWTO77 | Long             | DBT              | CORP              | CL        |  14822000 | PA      | $14451450.00  | 0.48%             | 2025-01-29      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                 | Mitsubishi UFJ Financial Group, Inc.                                          | CUSIP: 606822BW3<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   7128000 | PA      | $6680786.21   | 0.22%             | 2025-07-19      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

**Name of Applicant:** MFS Series Trust IX

**Signature:** Kasey Phillips

**Name of Signer:** Kasey Phillips

**Title:** Assistant Treasurer