# EDGAR Filing Document

**Accession Number:** 0000878719
**File Stem:** 0001752724-23-074250
**Filing Date:** 2023-3
**Character Count:** 149159
**Document Hash:** 18ca579aa216ded296d76ed17b75d315
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-074250.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001752724-23-074250

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS' INNER CIRCLE FUND
- **CENTRAL INDEX KEY:** 0000878719
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06400
- **FILM NUMBER:** 23779789

**BUSINESS ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19087
- **BUSINESS PHONE:** 8009327781

**MAIL ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19087

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADVISORS INNER CIRCLE FUND
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### LOOMIS SAYLES FULL DISCRETION INSTITUTIONAL SECURITIZED FUND (Series ID: S000032046)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000099791 | INSTITUTIONAL CLASS SHARES |  |

## Nport-Ex

Portfolio of Investments — as of January 31, 2023 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Asset-Backed Securities — 57.6%** | **Asset-Backed Securities — 57.6%** |  |
|  | 522 Funding CLO, Series 2021-6A, Class A1R |  |
| $2265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.965%, ICE LIBOR USD 3 Month + 1.150%, 10/23/34 (A)(B) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2221945 |
|  | AASET, Series 2022-1A, Class A |  |
| 2720316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/16/47 (B) | 2589347 |
|  | Accelerated Assets, Series 2018-1, Class B |  |
| 416134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.510%, 12/02/33 (B) | 398917 |
|  | ACHV ABS TRUST, Series 2023-1PL, Class D |  |
| 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.470%, 03/18/30 (B) | 704475 |
|  | Adams Outdoor Advertising, Series 2018-1, Class C |  |
| 5200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.356%, 11/15/48 (B) | 4678515 |
|  | Affirm Asset Securitization Trust, Series 2023-A, Class D |  |
| 1570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.090%, 01/18/28 (B) | 1573946 |
|  | AGL CLO, Series 2020-3A, Class D |  |
| 2100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.092%, ICE LIBOR USD 3 Month + 3.300%, 01/15/33 (A)(B) | 1996275 |
|  | AGL CLO, Series 2021-1A, Class DR |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.858%, ICE LIBOR USD 3 Month + 3.050%, 10/20/34 (A)(B) | 947652 |
|  | AGL CLO, Series 2021-7A, Class ER |  |
| 2345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.142%, ICE LIBOR USD 3 Month + 6.350%, 07/15/34 (A)(B) | 2096538 |
|  | AIG CLO, Series 2021-2A, Class E |  |
| 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.308%, ICE LIBOR USD 3 Month + 6.500%, 07/20/34 (A)(B) | 2247868 |
|  | AIG CLO, Series 2021-1A, Class ER |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.408%, ICE LIBOR USD 3 Month + 6.600%, 04/20/32 (A)(B) | 928671 |
|  | AIMCO CLO Series, Series 2021-AA, Class DR |  |
| 665000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.958%, ICE LIBOR USD 3 Month + 3.150%, 04/20/34 (A)(B) | 630001 |
|  | Allegro CLO VI, Series 2018-2A, Class D |  |
| 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.542%, ICE LIBOR USD 3 Month + 2.750%, 01/17/31 (A)(B) | 235290 |
|  | American Homes 4 Rent, Series 2015-SFR1, Class F |  |
| 3966000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.885%, 04/17/52 (B) | 3867162 |
|  | Atrium XV, Series 15A, Class D |  |
| 845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.815%, ICE LIBOR USD 3 Month + 3.000%, 01/23/31 (A)(B) | 806389 |
|  | Avis Budget Rental Car Funding AESOP, Series 2021-1A, Class D |  |
| 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.710%, 08/20/27 (B) | 4205929 |
|  | Avis Budget Rental Car Funding AESOP, Series 2022-3A, Class A |  |
| 2815000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.620%, 02/20/27 (B) | 2781894 |
|  | Bain Capital Credit CLO, Series 2018-2A, Class A1 |  |
| 2220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.878%, ICE LIBOR USD 3 Month + 1.080%, 07/19/31 (A)(B) | 2196062 |
|  | Bain Capital Credit CLO, Series 2021-2A, Class AR |  |
| 2220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.892%, ICE LIBOR USD 3 Month + 1.100%, 10/17/32 (A)(B) | 2193915 |
|  | Ballyrock CLO, Series 2018-1A, Class C |  |
| 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.958%, ICE LIBOR USD 3 Month + 3.150%, 04/20/31 (A)(B) | 233321 |

---

<br> **1**<br>

------

Portfolio of Investments — as of January 31, 2023 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Asset-Backed Securities — 57.6% (continued)** | **Asset-Backed Securities — 57.6% (continued)** |  |
|  | Barings CLO, Series 2018-2A, Class C |  |
| $620000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.492%, ICE LIBOR USD 3 Month + 2.700%, 04/15/30 (A)(B) | $597320 |
|  | Battalion CLO XVI, Series 2021-16A, Class ER |  |
| 830000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.408%, ICE LIBOR USD 3 Month + 6.600%, 12/19/32 (A)(B) | 709326 |
|  | BHG Securitization Trust, Series 2022-C, Class E |  |
| 1890000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.730%, 10/17/35 (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1890768 |
|  | Business Jet Securities, Series 2021-1A, Class C |  |
| 667180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.067%, 04/15/36 (B) | 585504 |
|  | CAL Funding IV, Series 2020-1A, Class B |  |
| 833012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/25/45 (B) | 737859 |
|  | CarVal CLO IV, Series 2021-1A, Class A1A |  |
| 1850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.988%, ICE LIBOR USD 3 Month + 1.180%, 07/20/34 (A)(B) | 1819464 |
|  | Carvana Auto Receivables Trust, Series 2022-P1, Class A3 |  |
| 3230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.350%, 02/10/27 | 3116201 |
|  | Carvana Auto Receivables Trust, Series 2022-P2, Class B |  |
| 2382000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.080%, 04/10/28 | 2286622 |
|  | Castlelake Aircraft Structured Trust, Series 2021-1A, Class A |  |
| 496262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.474%, 01/15/46 (B) | 439192 |
|  | Castlelake Aircraft Structured Trust, Series 2021-1R, Class B |  |
| 529359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.924%, 08/15/41 (B) | 402587 |
|  | CIFC Funding, Series 2017-5A, Class C |  |
| 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.642%, ICE LIBOR USD 3 Month + 2.850%, 11/16/30 (A)(B) | 483257 |
|  | CIFC Funding, Series 2018-1A, Class D |  |
| 365000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.445%, ICE LIBOR USD 3 Month + 2.650%, 04/18/31 (A)(B) | 331976 |
|  | CIG Auto Receivables Trust, Series 2021-1A, Class E |  |
| 2550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 05/12/28 (B) | 2365582 |
|  | CIM TRUST, Series 2022-R2, Class A1 |  |
| 988416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 12/25/61 (A)(B) | 942758 |
|  | CLI Funding VI, Series 2020-3A, Class B |  |
| 773500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.300%, 10/18/45 (B) | 683219 |
|  | Connecticut Avenue Securities Trust, Series 2021-R01, Class 1B1 |  |
| 730000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.410%, SOFR30A + 3.100%, 10/25/41 (A)(B) | 698289 |
|  | CoreVest American Finance Trust, Series 2017-1, Class D |  |
| 99529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.358%, 10/15/49 (B) | 99222 |
|  | CoreVest American Finance Trust, Series 2019-1, Class E |  |
| 575000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.605%, 03/15/52 (A)(B) | 528470 |
|  | CoreVest American Finance Trust, Series 2020-2, Class D |  |
| 1211000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.596%, 05/15/52 (A)(B) | 1081789 |
|  | Dryden Senior Loan Fund, Series 2018-45A, Class ER |  |
| 575000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.642%, ICE LIBOR USD 3 Month + 5.850%, 10/15/30 (A)(B) | 487399 |

---

<br> **2** <br>

------

Portfolio of Investments — as of January 31, 2023 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Asset-Backed Securities — 57.6% (continued)** | **Asset-Backed Securities — 57.6% (continued)** |  |
|  | Elmwood CLO VIII, Series 2021-1A, Class D1 |  |
| $715000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.808%, ICE LIBOR USD 3 Month + 3.000%, 01/20/34 (A)(B) | $691001 |
|  | Elmwood CLO XI, Series 2021-4A, Class E |  |
| 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.808%, ICE LIBOR USD 3 Month + 6.000%, 10/20/34 (A)(B) | 1143326 |
|  | Falcon Aerospace, Series 2017-1, Class A |  |
| 600748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.581%, 02/15/42 (B) | 551282 |
|  | First Investors Auto Owner Trust, Series 2019-2A, Class E |  |
| 2620000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.880%, 01/15/26 (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2548090 |
|  | First Investors Auto Owner Trust, Series 2021-1A, Class E |  |
| 660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.350%, 04/15/27 (B) | 588298 |
|  | First Investors Auto Owner Trust, Series 2022-2A, Class D |  |
| 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.710%, 10/16/28 (B) | 794901 |
|  | FirstKey Homes Trust, Series 2020-SFR2, Class F1 |  |
| 2450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.017%, 10/19/37 (B) | 2188651 |
|  | FirstKey Homes Trust, Series 2020-SFR1, Class F2 |  |
| 2305000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.284%, 08/17/37 (B) | 2140107 |
|  | Foursight Capital Automobile Receivables Trust, Series 2022-2, Class D |  |
| 2745000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.090%, 10/15/29 (B) | 2680127 |
|  | Galaxy XXVI CLO, Series 2018-26A, Class E |  |
| 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.515%, ICE LIBOR USD 3 Month + 5.850%, 11/22/31 (A)(B) | 355364 |
|  | Gilbert Park CLO, Series 2017-1A, Class D |  |
| 707000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.742%, ICE LIBOR USD 3 Month + 2.950%, 10/15/30 (A)(B) | 662144 |
|  | GLS Auto Receivables Issuer Trust, Series 2021-4A, Class E |  |
| 2550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.430%, 10/16/28 (B) | 2169854 |
|  | Goldentree Loan Management US CLO, Series 2017-2A, Class D |  |
| 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.458%, ICE LIBOR USD 3 Month + 2.650%, 11/28/30 (A)(B) | 243562 |
|  | Greenwood Park CLO, Series 2018-1A, Class D |  |
| 285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.292%, ICE LIBOR USD 3 Month + 2.500%, 04/15/31 (A)(B) | 261472 |
|  | Harbor Park CLO, Series 2018-1A, Class D |  |
| 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.708%, ICE LIBOR USD 3 Month + 2.900%, 01/20/31 (A)(B) | 373996 |
|  | Hertz Vehicle Financing III, Series 2022-1A, Class D |  |
| 1040000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 06/25/26 (B) | 957167 |
|  | Hertz Vehicle Financing III, Series 2022-3A, Class D |  |
| 1065000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.310%, 03/25/25 (B) | 1035211 |
|  | Hilton Grand Vacations Trust, Series 2018-AA, Class C |  |
| 130664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/25/32 (B) | 125196 |
|  | Hilton Grand Vacations Trust, Series 2022-2A, Class C |  |
| 661280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.570%, 01/25/37 (B) | 644928 |
|  | Home Partners of America Trust, Series 2021-1, Class F |  |
| 602099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.325%, 09/17/41 (B) | 480252 |

---

<br> **3**<br>

------

Portfolio of Investments — as of January 31, 2023 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Asset-Backed Securities — 57.6% (continued)** | **Asset-Backed Securities — 57.6% (continued)** |  |
|  | Home Partners of America Trust, Series 2021-2, Class F |  |
| $2474986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.799%, 12/17/26 (B) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2086648 |
|  | JPMorgan Chase Bank, Series 2021-1, Class F |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.280%, 09/25/28 (B) | 911925 |
|  | JPMorgan Chase Bank, Series 2021-2, Class F |  |
| 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.393%, 12/26/28 (B) | 1079179 |
|  | Kestrel Aircraft Funding, Series 2018-1A, Class A |  |
| 2165032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 12/15/38 (B) | 1753676 |
|  | KKR CLO, Series 2018-23, Class F |  |
| 840000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.658%, ICE LIBOR USD 3 Month + 7.850%, 10/20/31 (A)(B) | 626974 |
|  | KKR CLO, Series 2019-24, Class E |  |
| 860000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.188%, ICE LIBOR USD 3 Month + 6.380%, 04/20/32 (A)(B) | 770971 |
|  | Lehman XS Trust, Series 2006-2N, Class 1A1 |  |
| 484777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.026%, ICE LIBOR USD 1 Month + 0.520%, 02/25/46 (A) | 422249 |
|  | Lunar Structured Aircraft Portfolio Notes, Series 2021-1, Class B |  |
| 1407024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.432%, 10/15/46 (B) | 1136224 |
|  | Madison Park Funding XLVI, Series 2021-46A, Class ER |  |
| 2140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.042%, ICE LIBOR USD 3 Month + 6.250%, 10/15/34 (A)(B) | 1956876 |
|  | Magnetite XXIX, Series 2021-29A, Class E |  |
| 850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.542%, ICE LIBOR USD 3 Month + 5.750%, 01/15/34 (A)(B) | 778887 |
|  | MAPS, Series 2018-1A, Class B |  |
| 1076808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.193%, 05/15/43 (B) | 695648 |
|  | Med Trust, Series MDLN, Class A |  |
| 528430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.410%, ICE LIBOR USD 1 Month + 0.950%, 11/15/38 (A)(B) | 515203 |
|  | Med Trust, Series MDLN, Class D |  |
| 897334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.460%, ICE LIBOR USD 1 Month + 2.000%, 11/15/38 (A)(B) | 870549 |
|  | Mercury Financial Credit Card Master Trust, Series 2021-1A, Class C |  |
| 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.210%, 03/20/26 (B) | 4000000 |
|  | Mercury Financial Credit Card Master Trust, Series 2022-1A, Class C |  |
| 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 09/21/26 (B) | 2212035 |
|  | Mercury Financial Credit Card Master Trust, Series 2023-1A, Class B |  |
| 1160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.590%, 09/20/27 (B) | 1158419 |
|  | MVW, Series 2022-1A, Class A |  |
| 2396304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 11/21/39 (B) | 2317453 |
|  | Neuberger Berman Loan Advisers CLO 37, Series 2021-37A, Class AR |  |
| 2570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.778%, ICE LIBOR USD 3 Month + 0.970%, 07/20/31 (A)(B) | 2543855 |
|  | Oaktree CLO, Series 2019-4A, Class E |  |
| 265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.038%, ICE LIBOR USD 3 Month + 7.230%, 10/20/32 (A)(B) | 235039 |
|  | OCP CLO, Series 2018-15A, Class D |  |
| 645000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.658%, ICE LIBOR USD 3 Month + 5.850%, 07/20/31 (A)(B) | 571008 |

---

<br> **4** <br>

------

Portfolio of Investments — as of January 31, 2023 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Asset-Backed Securities — 57.6% (continued)** | **Asset-Backed Securities — 57.6% (continued)** |  |
|  | OCP CLO, Series 2021-17A, Class ER |  |
| $1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.308%, ICE LIBOR USD 3 Month + 6.500%, 07/20/32 (A)(B) | $902869 |
|  | Octagon Investment Partners, Series 2018-3A, Class E |  |
| 280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.558%, ICE LIBOR USD 3 Month + 5.750%, 10/20/30 (A)(B) | 242153 |
|  | OHA Credit Funding, Series 2021-8A, Class D |  |
| 1880000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.645%, ICE LIBOR USD 3 Month + 2.850%, 01/18/34 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1792097 |
|  | OHA Credit Funding, Series 2021-2A, Class ER |  |
| 445000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.175%, ICE LIBOR USD 3 Month + 6.360%, 04/21/34 (A)(B) | 405699 |
|  | OHA Credit Funding, Series 2021-3A, Class ER |  |
| 2415000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.058%, ICE LIBOR USD 3 Month + 6.250%, 07/02/35 (A)(B) | 2223925 |
|  | OHA Credit Funding, Series 2021-4A, Class ER |  |
| 2355000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.215%, ICE LIBOR USD 3 Month + 6.400%, 10/22/36 (A)(B) | 2153697 |
|  | OHA Credit Funding 2, Series 2021-2A, Class AR |  |
| 2300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.965%, ICE LIBOR USD 3 Month + 1.150%, 04/21/34 (A)(B) | 2274141 |
|  | OHA Credit Partners XVI, Series 2021-16A, Class D |  |
| 2185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.645%, ICE LIBOR USD 3 Month + 2.850%, 10/18/34 (A)(B) | 2089033 |
|  | OneMain Financial Issuance Trust, Series 2018-2A, Class A |  |
| 329000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.570%, 03/14/33 (B) | 323524 |
|  | OneMain Financial Issuance Trust, Series 2020-1A, Class C |  |
| 2565000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.810%, 05/14/32 (B) | 2529273 |
|  | Orange Lake Timeshare Trust, Series 2019-A, Class D |  |
| 814284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.930%, 04/09/38 (B) | 758098 |
|  | Palmer Square CLO, Series 2021-1A, Class CR |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.700%, ICE LIBOR USD 3 Month + 3.050%, 11/14/34 (A)(B) | 940829 |
|  | Palmer Square CLO, Series 2021-1A, Class CR4 |  |
| 1740000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.525%, ICE LIBOR USD 3 Month + 2.850%, 05/21/34 (A)(B) | 1620643 |
|  | Palmer Square CLO, Series 2021-4A, Class E |  |
| 1875000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.842%, ICE LIBOR USD 3 Month + 6.050%, 10/15/34 (A)(B) | 1688402 |
|  | Palmer Square Loan Funding, Series 2021-1A, Class D |  |
| 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.808%, ICE LIBOR USD 3 Month + 6.000%, 04/20/29 (A)(B) | 701779 |
|  | Pikes Peak CLO, Series 2018-1A, Class D |  |
| 510000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.966%, ICE LIBOR USD 3 Month + 3.150%, 07/24/31 (A)(B) | 473148 |
|  | Pikes Peak CLO, Series 2021-4A, Class ER |  |
| 1990000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.402%, ICE LIBOR USD 3 Month + 6.610%, 07/15/34 (A)(B) | 1752955 |
|  | Prestige Auto Receivables Trust, Series 2019-1A, Class E |  |
| 1415000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.900%, 05/15/26 (B) | 1393570 |
|  | Prestige Auto Receivables Trust, Series 2020-1A, Class E |  |
| 2740000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.670%, 02/15/28 (B) | 2673086 |
|  | Progress Residential Trust, Series 2020-SFR3, Class F |  |
| 645000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.796%, 10/17/27 (B) | 579313 |

---

<br> **5**<br>

------

Portfolio of Investments — as of January 31, 2023 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Asset-Backed Securities — 57.6% (continued)** | **Asset-Backed Securities — 57.6% (continued)** |  |
|  | Progress Residential Trust, Series 2021-SFR2, Class F |  |
| $2450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.395%, 04/19/38 (B) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2127704 |
|  | Progress Residential Trust, Series 2021-SFR1, Class F |  |
| 360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.757%, 04/17/38 (B) | 312553 |
|  | Progress Residential Trust, Series 2021-SFR3, Class F |  |
| 905000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.436%, 05/17/26 (B) | 792633 |
|  | Progress Residential Trust, Series 2021-SFR4, Class F |  |
| 2175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.407%, 05/17/38 (B) | 1921315 |
|  | PRPM, Series 2020-4, Class A2 |  |
| 1290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.436%, 10/25/25 (B)(C) | 1249639 |
|  | PRPM, Series 2021-1, Class A2 |  |
| 1055000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.720%, 01/25/26 (A)(B) | 1006525 |
|  | PRPM, Series 2021-2, Class A2 |  |
| 980000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.770%, 03/25/26 (A)(B) | 877889 |
|  | PRPM, Series 2021-4, Class A2 |  |
| 555000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.474%, 04/25/26 (B)(C) | 494677 |
|  | PRPM, Series 2022-5, Class A1 |  |
| 1941021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.900%, 09/27/27 (B)(C) | 1946175 |
|  | Rockford Tower CLO, Series 2017-3A, Class D |  |
| 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.458%, ICE LIBOR USD 3 Month + 2.650%, 10/20/30 (A)(B) | 231903 |
|  | Rockland Park CLO, Series 2021-1A, Class E |  |
| 2450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.058%, ICE LIBOR USD 3 Month + 6.250%, 04/20/34 (A)(B) | 2224164 |
|  | RR, Series 2018-3A, Class CR2 |  |
| 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.292%, ICE LIBOR USD 3 Month + 2.500%, 01/15/30 (A)(B) | 218811 |
|  | Santander Bank, Series 2021-1A, Class E |  |
| 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.171%, 12/15/31 (B) | 601582 |
|  | Santander Bank Auto Credit-Linked Notes Series, Series 2022-C, Class E |  |
| 479010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.366%, 12/15/32 (B) | 479126 |
|  | SCF Equipment Leasing, Series 2021-1A, Class E |  |
| 755000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.560%, 08/20/32 (B) | 699714 |
|  | SCF Equipment Leasing, Series 2022-2A, Class D |  |
| 1510000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/20/32 (B) | 1422811 |
|  | Shenton Aircraft Investment I, Series 2015-1A, Class A |  |
| 479609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 10/15/42 (B) | 371697 |
|  | Sierra Timeshare, Series 2020-2A, Class D |  |
| 298047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.590%, 07/20/37 (B) | 286623 |
|  | Sierra Timeshare, Series 2021-1A, Class D |  |
| 547433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.170%, 11/20/37 (B) | 500910 |
|  | S-Jets, Series 2017-1, Class B |  |
| 2374099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.682%, 08/15/42 (B) | 1454183 |

---

<br> **6** <br>

------

Portfolio of Investments — as of January 31, 2023 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Asset-Backed Securities — 57.6% (continued)** | **Asset-Backed Securities — 57.6% (continued)** |  |
|  | Sound Point Clo XIV, Series 2021-3A, Class B1R |  |
| $2470000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.315%, ICE LIBOR USD 3 Month + 1.500%, 01/23/29 (A)(B) | $2445796 |
|  | Textainer Marine Containers VII, Series 2021-1A, Class B |  |
| 590238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.520%, 02/20/46 (B) | 501701 |
|  | Thayer Park CLO, Series 2021-1A, Class DR |  |
| 650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.058%, ICE LIBOR USD 3 Month + 6.250%, 04/20/34 (A)(B) | 581287 |
|  | THL Credit Wind River, Series 2018-3A, Class D |  |
| 280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.758%, ICE LIBOR USD 3 Month + 2.950%, 01/20/31 (A)(B) | 244196 |
|  | Trestles CLO II, Series 2018-2A, Class D |  |
| 415000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.568%, ICE LIBOR USD 3 Month + 5.750%, 07/25/31 (A)(B) | 352123 |
|  | Tricon American Homes Trust, Series 2020-SFR1, Class F |  |
| 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.882%, 07/17/38 (B) | 152040 |
|  | VOLT XCIV, Series 2021-NPL3, Class A2 |  |
| 1630000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.949%, 02/27/51 (B)(C) | 1516072 |
|  | VOLT XCVI, Series 2021-NPL5, Class A2 |  |
| 640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.826%, 03/27/51 (B)(C) | 566441 |
|  | WAVE, Series 2017-1A, Class A |  |
| 1611662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.844%, 11/15/42 (B) | 1231567 |
|  | Welk Resorts, Series 2019-AA, Class D |  |
| 243036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.030%, 06/15/38 (B) | 234689 |
|  | Willis Engine Structured Trust IV, Series 2018-A, Class A |  |
| 2196263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 09/15/43 (B)(C) | 1741077 |
|  | Willis Engine Structured Trust IV, Series 2018-A, Class B |  |
| 2343892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.438%, 09/15/43 (B)(C) | 1708029 |
|  | Willis Engine Structured Trust V, Series 2020-A, Class A |  |
| 1046614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.228%, 03/15/45 (B) | 806016 |
|  | Willis Engine Structured Trust V, Series 2020-A, Class C |  |
| 1639451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.657%, 03/15/45 (B) | 1014276 |
|  | **Total Asset-Backed Securities** |  |
|  | (Cost $176,165,957) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164932841 |
| **Commercial Mortgage-Backed Obligations — 26.9%** | **Commercial Mortgage-Backed Obligations — 26.9%** |  |
|  | BANK, Series BN34, Class A5 |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.438%, 06/15/63 | 844400 |
|  | BBCMS Mortgage Trust, Series BID, Class A |  |
| 2885000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.599%, ICE LIBOR USD 1 Month + 2.140%, 10/15/37 (A)(B) | 2816322 |
|  | BB-UBS Trust, Series 2012-TFT, Class C |  |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.559%, 06/05/30 (A)(B) | 1664111 |

---

<br> **7**<br>

------

Portfolio of Investments — as of January 31, 2023 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Commercial Mortgage-Backed Obligations — 26.9% (continued)** | **Commercial Mortgage-Backed Obligations — 26.9% (continued)** |  |
|  | Benchmark Mortgage Trust, Series B31, Class A5 |  |
| $1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.669%, 12/15/54 | $856128 |
|  | Benchmark Mortgage Trust, Series B11, Class A5 |  |
| 943000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.542%, 05/15/52 | 882520 |
|  | BPR Trust, Series 2021-NRD, Class F |  |
| 2545000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.353%, TSFR1M + 6.870%, 12/15/38 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2270924 |
|  | BPR Trust, Series 2022-SSP, Class A |  |
| 2920000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.478%, TSFR1M + 3.000%, 05/15/39 (A)(B) | 2899587 |
|  | BPR Trust, Series 2022-SSP, Class D |  |
| 2170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.109%, TSFR1M + 6.631%, 05/15/39 (A)(B) | 2119387 |
|  | BPR Trust, Series STAR, Class A |  |
| 1530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.710%, TSFR1M + 3.232%, 08/15/24 (A)(B) | 1525194 |
|  | CG-CCRE Commercial Mortgage Trust, Series 2014-FL2, Class COL1 |  |
| 960514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.959%, ICE LIBOR USD 1 Month + 3.500%, 11/15/31 (A)(B) | 820952 |
|  | CG-CCRE Commercial Mortgage Trust, Series 2014-FL2, Class COL2 |  |
| 2338852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.959%, ICE LIBOR USD 1 Month + 4.500%, 11/15/31 (A)(B) | 1553232 |
|  | Citigroup Commercial Mortgage Trust, Series 2014-GC21, Class D |  |
| 4790000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.941%, 05/10/47 (A)(B) | 3553902 |
|  | COMM Mortgage Trust, Series 2012-LC4, Class C |  |
| 17000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.298%, 12/10/44 (A) | 14961 |
|  | COMM Mortgage Trust, Series 2012-CCRE3, Class D |  |
| 1005000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.645%, 10/15/45 (A)(B) | 732363 |
|  | COMM Mortgage Trust, Series 2012-LC4, Class D |  |
| 1605000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.298%, 12/10/44 (A)(B) | 1138939 |
|  | COMM Mortgage Trust, Series 2012-CR2, Class E |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.871%, 08/15/45 (A)(B) | 829044 |
|  | COMM Mortgage Trust, Series 2014-UBS4, Class AM |  |
| 762000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.968%, 08/10/47 | 729583 |
|  | COMM Mortgage Trust, Series 2014-CR21, Class AM |  |
| 330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.987%, 12/10/47 | 316997 |
|  | CSMC OA, Series 2014-USA, Class C |  |
| 895000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.336%, 09/15/37 (B) | 735130 |
|  | CSMC OA, Series 2014-USA, Class E |  |
| 5475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.373%, 09/15/37 (B) | 3110948 |
|  | CSMC Trust, Series 2021-RPL1, Class A2 |  |
| 1850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.937%, 09/27/60 (B) | 1752975 |
|  | Extended Stay America Trust, Series 2021-ESH, Class F |  |
| 2899291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.159%, ICE LIBOR USD 1 Month + 3.700%, 07/15/38 (A)(B) | 2775900 |
|  | GS Mortgage Securities II, Series BWTR, Class A |  |
| 2210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.954%, 11/05/34 (B) | 1692771 |

---

<br> **8** <br>

------

Portfolio of Investments — as of January 31, 2023 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Commercial Mortgage-Backed Obligations — 26.9% (continued)** | **Commercial Mortgage-Backed Obligations — 26.9% (continued)** |  |
|  | GS Mortgage Securities Trust, Series 2011-GC5, Class C |  |
| $100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.154%, 08/10/44 (A)(B) | $72540 |
|  | GS Mortgage Securities Trust, Series 2011-GC5, Class D |  |
| 4972728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.154%, 08/10/44 (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2064803 |
|  | GS Mortgage Securities Trust, Series 2013-GC13, Class C |  |
| 610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.079%, 07/10/46 (A)(B) | 434660 |
|  | GS Mortgage Securities Trust, Series 2014-GC20, Class C |  |
| 2625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.001%, 04/10/47 (A) | 2336770 |
|  | GS Mortgage Securities Trust, Series GC22, Class D |  |
| 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.686%, 06/10/47 (A)(B) | 2668221 |
|  | Hudsons Bay Simon JV Trust, Series 2015-HB10, Class A10 |  |
| 3375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.155%, 08/05/34 (B) | 2980031 |
|  | JPMBB Commercial Mortgage Securities Trust, Series C24, Class AS |  |
| 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.914%, 11/15/47 (A) | 218381 |
|  | JPMorgan Chase Commercial Mortgage Securities Trust, Series 2013- LC11, Class C |  |
| 945000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.958%, 04/15/46 (A) | 884996 |
|  | JPMorgan Chase Commercial Mortgage Securities Trust, Series C3, Class C |  |
| 2490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.360%, 02/15/46 (A)(B) | 2332783 |
|  | JPMorgan Mortgage Trust, Series 2004-S1, Class 2A1 |  |
| 913686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/25/34 | 886355 |
|  | Legacy Mortgage Asset Trust, Series 2021-GS2, Class A2 |  |
| 520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/25/61 (B)(C) | 472796 |
|  | Lehman Mortgage Trust, Series 2007-9, Class 1A1 |  |
| 158708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/25/37 | 208570 |
|  | Morgan Stanley Bank of America Merrill Lynch Trust, Series C11, Class B |  |
| 3330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.398%, 08/15/46 (A) | 2456176 |
|  | Morgan Stanley Capital I Trust, Series 2011-C2, Class E |  |
| 2930000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.211%, 06/15/44 (A)(B) | 2207218 |
|  | Morgan Stanley Capital I Trust, Series 2013-ALTM, Class E |  |
| 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.705%, 02/05/35 (A)(B) | 1851592 |
|  | Morgan Stanley Capital I Trust, Series C4, Class D |  |
| 611298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.164%, 03/15/45 (A)(B) | 575384 |
|  | Morgan Stanley Mortgage Loan Trust, Series 2005-7, Class 7A5 |  |
| 118305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/25/35 | 109001 |
|  | MSBAM Commercial Mortgage Securities Trust, Series 2012-CKSV, Class C |  |
| 830000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.281%, 10/15/30 (A)(B) | 607782 |
|  | MSBAM Commercial Mortgage Securities Trust, Series 2012-CKSV, Class D |  |
| 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.281%, 10/15/30 (A)(B) | 208125 |

---

<br> **9**<br>

------

Portfolio of Investments — as of January 31, 2023 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Commercial Mortgage-Backed Obligations — 26.9% (continued)** | **Commercial Mortgage-Backed Obligations — 26.9% (continued)** |  |
|  | RBS Commercial Funding Trust, Series 2013-SMV, Class F |  |
| $2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.584%, 03/11/31 (A)(B) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1747439 |
|  | Starwood Retail Property Trust, Series 2014-STAR, Class A |  |
| 375160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.930%, ICE LIBOR USD 1 Month + 1.470%, 11/15/27 (A)(B) | 260019 |
|  | Starwood Retail Property Trust, Series 2014-STAR, Class E |  |
| 3185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.860%, ICE LIBOR USD 1 Month + 4.400%, 11/15/27 (A)(B)(D) | 309045 |
|  | Starwood Retail Property Trust, Series 2014-STAR, Class F |  |
| 3785000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.154%, ICE LIBOR USD 1 Month + 3.694%, 11/15/27 (A)(B)(D) | 313741 |
|  | Towd Point Mortgage Trust, Series 2018-4, Class A2 |  |
| 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/25/58 (A)(B) | 928618 |
|  | Towd Point Mortgage Trust, Series 2018-5, Class M1 |  |
| 505000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 07/25/58 (A)(B) | 405193 |
|  | Towd Point Mortgage Trust, Series 2019-2, Class M1 |  |
| 890000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 12/25/58 (A)(B) | 745578 |
|  | Towd Point Mortgage Trust, Series 2020-4, Class M1 |  |
| 2300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 10/25/60 (B) | 1822851 |
|  | UBS Commercial Mortgage Trust, Series 2018-C14, Class C |  |
| 1885000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.227%, 12/15/51 (A) | 1590439 |
|  | UBS-Barclays Commercial Mortgage Trust, Series 2012-C2, Class E |  |
| 866000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.780%, 05/10/63 (A)(B) | 15155 |
|  | Wells Fargo Commercial Mortgage Trust, Series 2014-LC16, Class C |  |
| 1485000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.458%, 08/15/50 | 922497 |
|  | Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class C |  |
| 2902000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.060%, 06/15/49 (A) | 2416026 |
|  | Wells Fargo Commercial Mortgage Trust, Series C36, Class C |  |
| 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.134%, 11/15/59 (A) | 385682 |
|  | WFRBS Commercial Mortgage Trust, Series 2011-C3, Class D |  |
| 2609443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.378%, 03/15/44 (A)(B) | 978541 |
|  | WFRBS Commercial Mortgage Trust, Series 2011-C4, Class D |  |
| 722000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.845%, 06/15/44 (A)(B) | 650468 |
|  | WFRBS Commercial Mortgage Trust, Series 2011-C4, Class E |  |
| 1680000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.845%, 06/15/44 (A)(B) | 1366010 |
|  | WFRBS Commercial Mortgage Trust, Series 2012-C7, Class C |  |
| 82696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.806%, 06/15/45 (A) | 58714 |
|  | WFRBS Commercial Mortgage Trust, Series 2012-C7, Class D |  |
| 1483000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.806%, 06/15/45 (A)(B) | 556125 |
|  | WFRBS Commercial Mortgage Trust, Series 2012-C7, Class E |  |
| 3846032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.806%, 06/15/45 (A)(B) | 86536 |
|  | WFRBS Commercial Mortgage Trust, Series C10, Class C |  |
| 2130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.327%, 12/15/45 (A) | 1874414 |

---

<br> **10** <br>

------

Portfolio of Investments — as of January 31, 2023 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Commercial Mortgage-Backed Obligations — 26.9% (continued)** | **Commercial Mortgage-Backed Obligations — 26.9% (continued)** |  |
|  | WFRBS Commercial Mortgage Trust, Series C24, Class C |  |
| $255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.290%, 11/15/47 (A) | $208642 |
|  | **Total Commercial Mortgage-Backed Obligations** |  |
|  | (Cost $94,697,891) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76854187 |
| **Residential Mortgage-Backed Obligations — 8.9%** | **Residential Mortgage-Backed Obligations — 8.9%** |  |
|  | Alternative Loan Trust, Series 2004-J3, Class 1A1 |  |
| 262035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/25/34 | 246753 |
|  | Alternative Loan Trust, Series 2004-J10, Class 2CB1 |  |
| 577550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/25/34 | 557480 |
|  | Alternative Loan Trust, Series 2004-28CB, Class 5A1 |  |
| 127401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/25/35 | 121242 |
|  | Alternative Loan Trust, Series 2005-J1, Class 2A1 |  |
| 46313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 02/25/25 | 44762 |
|  | Banc of America Alternative Loan Trust, Series 2003-8, Class 1CB1 |  |
| 347297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/25/33 | 332929 |
|  | Banc of America Funding Trust, Series 2005-7, Class 3A1 |  |
| 336818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/25/35 | 333555 |
|  | Banc of America Funding Trust, Series 2007-4, Class 5A1 |  |
| 85114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/25/34 | 75826 |
|  | CHL Mortgage Pass-Through Trust, Series 2004-12, Class 8A1 |  |
| 228027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.079%, 08/25/34 (A) | 208397 |
|  | Citigroup Mortgage Loan Trust, Series 2005-3, Class 2A3 |  |
| 514485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.940%, 08/25/35 (A) | 406479 |
|  | Citigroup Mortgage Loan Trust, Series 2009-10, Class 6A2 |  |
| 147763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.016%, 09/25/34 (A)(B) | 144783 |
|  | Citigroup Mortgage Loan Trust, Series 2010-9, Class 2A2 |  |
| 254730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.470%, US Treas Yield Curve Rate T Note Const Mat 1 Yr + 2.400%, 11/25/35 (A)(B) | 240515 |
|  | Citigroup Mortgage Loan Trust, Series 2019-RP1, Class M3 |  |
| 1005000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/25/66 (A)(B) | 865688 |
|  | Countrywide Alternative Loan Trust, Series 2004-14T2, Class A11 |  |
| 181933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/25/34 | 174644 |
|  | Deutsche Mortgage Securities Mortgage Loan Trust, Series 2004-1, Class 3A5 |  |
| 1162799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.160%, 12/25/33 (C) | 1097840 |
|  | Deutsche Mortgage Securities Mortgage Loan Trust, Series 2004-4, Class 7AR1 |  |
| 138981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.856%, ICE LIBOR USD 1 Month + 0.350%, 06/25/34 (A) | 121692 |

---

<br> **11**<br>

------

Portfolio of Investments — as of January 31, 2023 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Residential Mortgage-Backed Obligations — 8.9% (continued)** | **Residential Mortgage-Backed Obligations — 8.9% (continued)** |  |
|  | FHLMC STACR REMIC Trust, Series 2020-DNA6, Class B1 |  |
| $2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.310%, SOFR30A + 3.000%, 12/25/50 (A)(B) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1925745 |
|  | FHLMC STACR REMIC Trust, Series 2020-DNA3, Class B1 |  |
| 787376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.606%, ICE LIBOR USD 1 Month + 5.100%, 06/25/50 (A)(B) | 823555 |
|  | FHLMC STACR REMIC Trust, Series 2020-DNA4, Class B1 |  |
| 1442746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.506%, ICE LIBOR USD 1 Month + 6.000%, 08/25/50 (A)(B) | 1542071 |
|  | FHLMC STACR REMIC Trust, Series 2021-DNA3, Class B1 |  |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.810%, SOFR30A + 3.500%, 10/25/33 (A)(B) | 1908789 |
|  | FHLMC STACR REMIC Trust, Series 2022-DNA7, Class M1B |  |
| 1845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.310%, SOFR30A + 5.000%, 03/25/52 (A)(B) | 1987988 |
|  | GSR Mortgage Loan Trust, Series 2005-AR4, Class 4A1 |  |
| 25195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 07/25/35 (A) | 23867 |
|  | IndyMac Index Mortgage Loan Trust, Series 2004-AR6, Class 4A |  |
| 720397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.853%, 10/25/34 (A) | 659596 |
|  | IndyMac Index Mortgage Loan Trust, Series 2005-AR11, Class A3 |  |
| 990057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.433%, 08/25/35 (A) | 793461 |
|  | IndyMac Index Mortgage Loan Trust, Series 2006-AR2, Class 2A1 |  |
| 2559123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.926%, ICE LIBOR USD 1 Month + 0.420%, 02/25/46 (A) | 1814967 |
|  | MASTR Adjustable Rate Mortgages Trust, Series 2005-2, Class 3A1 |  |
| 910735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.990%, 03/25/35 (A) | 827102 |
|  | MASTR Adjustable Rate Mortgages Trust, Series 2005-2, Class 4A1 |  |
| 1696067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.657%, 03/25/35 (A) | 1401283 |
|  | MASTR Adjustable Rate Mortgages Trust, Series 2006-2, Class 1A1 |  |
| 376050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.168%, 04/25/36 (A) | 348321 |
|  | MASTR Alternative Loan Trust, Series 2003-9, Class 4A1 |  |
| 242234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 11/25/33 | 231972 |
|  | MASTR Alternative Loan Trust, Series 2004-2, Class 8A4 |  |
| 2001569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/25/34 | 1762213 |
|  | MASTR Alternative Loan Trust, Series 2004-5, Class 1A1 |  |
| 202201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/25/34 | 196209 |
|  | MASTR Alternative Loan Trust, Series 2004-5, Class 2A1 |  |
| 313863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/25/34 | 309715 |
|  | MASTR Alternative Loan Trust, Series 2004-8, Class 2A1 |  |
| 679010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/25/34 | 650911 |
|  | Mill City Mortgage Loan Trust, Series 2021-NMR1, Class M3 |  |
| 730000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 11/25/60 (A)(B) | 594336 |
|  | RFMSI Series Trust, Series 2005-SA1, Class 1A1 |  |
| 1748720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.142%, 03/25/35 (A) | 946239 |

---

<br> **12** <br>

------

Portfolio of Investments — as of January 31, 2023 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Description** | **Value** |
| **Residential Mortgage-Backed Obligations — 8.9% (continued)** | **Residential Mortgage-Backed Obligations — 8.9% (continued)** |  |
|  | Structured Adjustable Rate Mortgage Loan Trust, Series 2005-14, Class A1 |  |
| $2907458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.816%, ICE LIBOR USD 1 Month + 0.310%, 07/25/35 (A) | $1863642 |
|  | **Total Residential Mortgage-Backed Obligations** |  |
|  | (Cost $27,776,267) | 25584567 |
| **U.S. Treasury Obligation — 4.6%** | **U.S. Treasury Obligation — 4.6%** |  |
| 13170000 | U.S. Treasury Bill, 4.592%, 04/20/23 (E) | 13040576 |
|  | **Total U.S. Treasury Obligation** |  |
|  | (Cost $13,040,451) | 13040576 |
| **Corporate Obligation — 1.0%** | **Corporate Obligation — 1.0%** |  |
|  | PG&E Wildfire Recovery Funding |  |
| 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.263%, 06/01/36 | 2892509 |
|  | **Total Corporate Obligation** |  |
|  | (Cost $2,999,850) | 2892509 |
| **Other Investment — 0.0%** | **Other Investment — 0.0%** |  |
|  | ECAF I BLOCKER Ltd. |  |
| 900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 03/15/40 (D)(F) | 61425 |
|  | **Total Other Investment** |  |
|  | (Cost $9,000,000) | 61425 |
|  | **Total Investments — 99.0%** |  |
|  | (Cost $323,680,416) | 283366105 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Other Assets and Liabilities, net — 1.0% | 2966765 |
|  | **Net Assets — 100.0%** | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286332870 |

---

(A) Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on
certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically
based on prevailing interest rates.

(B) Securities sold within terms of a private placement memorandum, exempt from registration under Section 144A
of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." The total value of these securities at January 31, 2023, was $227,794,174, representing 79.6% of Net Assets of
the Portfolio. All securities are considered liquid unless otherwise noted.

(C) Step coupon security. Coupon rate will either increase (step-up bond) or
decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

<br> **13**<br>

------

Portfolio of Investments — as of January 31, 2023 (Unaudited)

Loomis Sayles Full Discretion Institutional Securitized Fund

(D) Level 3 security in accordance with fair value hierarchy.

(E) The rate shown is the 7-day effective yield as of January 31, 2023.

(F) No interest rate available.

CLO — Collateralized Loan Obligation

FHLMC — Federal Home Loan Mortgage Corporation

ICE— Intercontinental Exchange

LIBOR— London Interbank Offered Rate

Ltd. — Limited

REMIC — Real Estate Mortgage Investment Conduit

SOFR30A — Secured Overnight Financing Rate 30-day Average

STACR — Structured Agency Credit Risk

USD — U.S. Dollar

Amounts designated as "-" are $0.

<br> **14** <br>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ADVISORS' INNER CIRCLE FUND

- **b. Investment Company Act file number:** 811-06400

- **c. CIK number of Registrant:** 0000878719

- **d. LEI of Registrant:** 549300LRWL70Z8CGWD77

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

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8774463863

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

- **a. Name of Series:** Loomis Sayles Full Discretion Institutional Securitized Fund

- **b. EDGAR series identifier (if any):** S000032046

- **c. LEI of Series:** 549300C8LK6PMYW35J48

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

- **a. Date of fiscal year-end:** 2023-10-31

- **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:** $286422299.90

**Total Liabilities:** $88259.17

**Net Assets:** $286334040.73

**Cash Not Reported:** $3188708.41

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -168.61735659 | **1-Year:** -6534.25422754 | **5-Year:** -12384.09128153 | **10-Year:** -5919.01615742 | **30-Year:** -609.04206485

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

- **3-Month:** -931.60035829 | **1-Year:** -14339.33098820 | **5-Year:** -26954.17898468 | **10-Year:** -23128.18072039 | **30-Year:** -10900.90381667

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000099791 | 2.15%                | 0.35%                | 1.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $56527.08                | $4556206.72                                |
| Month 2  | $69488.63                | $-738721.09                                |
| Month 3  | $33316.64                | $2417855.66                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PROGRESS RESIDENTIAL MASTER TRUST                      | PROGRESS RESIDENTIAL 2021-SFR2 TRUST PROG 2021-SFR2 F                | CUSIP: 74333DAN4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2450000 | PA      | $2127704.22   | 0.74%             | 2038-04-19      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| CHASE AUTO CREDIT LINKED NOTES                         | JPMORGAN CHASE BANK NA - CACLN CACLN 2021-2 F                        | CUSIP: 48128U2R9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1200000 | PA      | $1079179.44   | 0.38%             | 2028-12-26      | Fixed         | 4.39%                 | Yes           |                  2 | On Loan: No      |
| KKR FINANCIAL CLO, LTD.                                | KKR CLO 23 LTD KKR 23 F                                              | CUSIP: 48252XAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    840000 | PA      | $626974.32    | 0.22%             | 2031-10-20      | Floating      | 12.66%                | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL MASTER TRUST                      | PROGRESS RESIDENTIAL 2020-SFR3 TRUST PROG 2020-SFR3 F                | CUSIP: 74333AAL4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    645000 | PA      | $579312.62    | 0.20%             | 2027-10-17      | Fixed         | 2.80%                 | Yes           |                  2 | On Loan: No      |
| MASTR ADJUSTABLE RATE MORTGAGE TRUST                   | MASTR ADJUSTABLE RATE MORTGAGES TRUST 2006-2 MARM 2006-2 1A1         | CUSIP: 576438AA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    376050 | PA      | $348320.72    | 0.12%             | 2036-04-25      | Floating      | 3.17%                 | No            |                  2 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS, LTD.                      | BOSBGON INVESTMENT PARTNERS 39 LTD OCT39 2018-3A E                   | CUSIP: 67592AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    280000 | PA      | $242153.24    | 0.08%             | 2030-10-20      | Floating      | 10.56%                | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                    | COMM 2012-LC4 MORTGAGE TRUST COMM 2012-LC4 C                         | CUSIP: 126192AG8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     17000 | PA      | $14961.02     | 0.01%             | 2044-12-10      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| PG&E WILDFIRE RECOVERY FUNDING LLC                     | PG&E WILDFIRE RECOVERY FUNDING LLC 4.263000% 06/01/2036              | CUSIP: 693342AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2892508.89   | 1.01%             | 2036-06-01      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE MORTGAGE SECURITIES MORTGAGE LOAN TRUST       | DEUTSCHE MORTGAGE SECURITIES INC MORTGAGE LOAN TRU DMSI 2004-4 7AR1  | CUSIP: 251563FD9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    138981 | PA      | $121692.07    | 0.04%             | 2034-06-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| OHA CREDIT FUNDING LTD                                 | OHA CREDIT FUNDING 8 LTD OAKC 2021-8A D                              | CUSIP: 67707GAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1880000 | PA      | $1792096.84   | 0.63%             | 2034-01-18      | Floating      | 7.64%                 | Yes           |                  2 | On Loan: No      |
| OHA CREDIT FUNDING LTD                                 | OHA CREDIT FUNDING 2 LTD OAKC 2019-2A AR                             | CUSIP: 67707EAU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2300000 | PA      | $2274141.10   | 0.79%             | 2034-04-21      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| ROCKFORD TOWER CLO                                     | ROCKFORD TOWER CLO 2017-3 LTD ROCKT 2017-3A D                        | CUSIP: 77341DAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $231903.00    | 0.08%             | 2030-10-20      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| CASTLELAKE AIRCRAFT SECURITIZATION TRUST               | CASTLELAKE AIRCRAFT STRUCTURED TRUST 2017-1R CLAST 2017-1R B         | CUSIP: 14856JAB0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    529359 | PA      | $402587.37    | 0.14%             | 2041-08-15      | Fixed         | 3.92%                 | Yes           |                  2 | On Loan: No      |
| MERCURY FINANCIAL CREDIT CARD MASTER TRUST             | MERCURY FINANCIAL CREDIT CARD MASTER TRUST MFCC 2021-1A C            | CUSIP: 58940BAC0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4000000 | PA      | $4000000.00   | 1.40%             | 2026-03-20      | Fixed         | 4.21%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD RETAIL PROPERTY TRUST                         | STARWOOD RETAIL PROPERTY TRUST 2014-STAR SRPT 2014-STAR A            | CUSIP: 85571XAA5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    375160 | PA      | $260019.00    | 0.09%             | 2027-11-15      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCIAL ISSUANCE TRUST                       | ONEMAIN FINANCIAL ISSUANCE TRUST 2020-A OMFIT 2020-1A C              | CUSIP: 68269LAC0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2565000 | PA      | $2529272.88   | 0.88%             | 2032-05-14      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                  | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C36 WFCM 2016-C36 C       | CUSIP: 95000MBV2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    500000 | PA      | $385681.80    | 0.13%             | 2059-11-15      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST | JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRU JPMCC 2013-LC11 C | CUSIP: 46639YAW7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    945000 | PA      | $884996.09    | 0.31%             | 2046-04-15      | Floating      | 3.96%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA ALTERNATIVE LOAN TRUST                 | BANC OF AMERICA ALTERNATIVE LOAN TRUST 2003-8 BOAA 2003-8 1CB1       | CUSIP: 05948XTV3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    347297 | PA      | $332928.64    | 0.12%             | 2033-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OCP CLO LTD                                            | OCP CLO 2019-17 LTD OCP 2019-17A ER                                  | CUSIP: 67113MAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $902869.00    | 0.32%             | 2032-07-20      | Floating      | 11.31%                | Yes           |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST                        | WFRBS COMMERCIAL MORTGAGE TRUST 2011-C4 WFRBS 2011-C4 E              | CUSIP: 92936CAY5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1680000 | PA      | $1366010.35   | 0.48%             | 2044-06-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST                        | WFRBS COMMERCIAL MORTGAGE TRUST 2011-C3 WFRBS 2011-C3 D              | CUSIP: 92935VAS7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2609443 | PA      | $978541.09    | 0.34%             | 2044-03-15      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST                            | EXTENDED STAY AMERICA TRUST 2021-ESH ESA 2021-ESH F                  | CUSIP: 30227FAN0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2899291 | PA      | $2775899.97   | 0.97%             | 2038-07-15      | Floating      | 8.16%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST                          | FREDDIE MAC STACR REMIC TRUST 2021-DNA3 STACR 2021-DNA3 B1           | CUSIP: 35564KFG9<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2000000 | PA      | $1908789.40   | 0.67%             | 2033-10-25      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO                                | BAIN CAPITAL CREDIT CLO 2019-2 BCC 2019-2A AR                        | CUSIP: 05682LAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2220000 | PA      | $2193915.00   | 0.77%             | 2032-10-17      | Floating      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| RBSCF TRUST                                            | RBS COMMERCIAL FUNDING INC 2013-SMV TRUST RBSCF 2013-SMV F           | CUSIP: 74932BAQ6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2000000 | PA      | $1747438.80   | 0.61%             | 2031-03-11      | Floating      | 3.58%                 | No            |                  2 | On Loan: No      |
| FALCON AEROSPACE LIMITED                               | FALCON AEROSPACE LTD 2017-1 FLCON 2017-1 A                           | CUSIP: 30605YAB7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    600748 | PA      | $551282.10    | 0.19%             | 2042-02-15      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC                        | HERTZ VEHICLE FINANCING III LLC HERTZ 2022-3A D                      | CUSIP: 42806MAY5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1065000 | PA      | $1035211.42   | 0.36%             | 2025-03-25      | Fixed         | 6.31%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC                        | HERTZ VEHICLE FINANCING III LLC HERTZ 2022-1A D                      | CUSIP: 42806MAM1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1040000 | PA      | $957167.02    | 0.33%             | 2026-06-25      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| AIG CLO                                                | AIG CLO 2021-2 LLC AIGIM 2021-2A E                                   | CUSIP: 00142DAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2247867.50   | 0.79%             | 2034-07-20      | Floating      | 11.31%                | Yes           |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                               | BENCHMARK 2019-B11 MORTGAGE TRUST BMARK 2019-B11 A5                  | CUSIP: 08162BBE1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    943000 | PA      | $882520.03    | 0.31%             | 2052-05-15      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| FIRSTKEY HOMES TRUST                                   | FIRSTKEY HOMES 2020-SFR1 TRUST FKH 2020-SFR1 F2                      | CUSIP: 33767MAN5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2305000 | PA      | $2140107.45   | 0.75%             | 2037-08-17      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| CIG AUTO RECEIVABLES TRUST                             | CIG AUTO RECEIVABLES TRUST 2021-1 CIGAR 2021-1A E                    | CUSIP: 12598NAE2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2550000 | PA      | $2365581.96   | 0.83%             | 2028-05-12      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| PRPM LLC                                               | PRPM 2021-4 LLC PRPM 2021-4 A2                                       | CUSIP: 693583AB2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    555000 | PA      | $494677.49    | 0.17%             | 2026-04-25      | Fixed         | 3.47%                 | Yes           |                  2 | On Loan: No      |
| BUSINESS JET SECURITIES LLC                            | BUSINESS JET SECURITIES 2021-1 LLC BJETS 2021-1A C                   | CUSIP: 12327BAC0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    667180 | PA      | $585503.93    | 0.20%             | 2036-04-15      | Fixed         | 5.07%                 | Yes           |                  2 | On Loan: No      |
| MED TRUST                                              | MED TRUST 2021-MDLN MED 2021-MDLN D                                  | CUSIP: 58403YAR7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    897334 | PA      | $870549.08    | 0.30%             | 2038-11-15      | Floating      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST                         | MORGAN STANLEY CAPITAL I TRUST 2013-ALTM MSC 2013-ALTM E             | CUSIP: 61690LAQ3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2500000 | PA      | $1851591.75   | 0.65%             | 2035-02-05      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| AIG CLO                                                | AIG CLO 2018-1 LLC AIGIM 2018-1A ER                                  | CUSIP: 00141UAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $928671.00    | 0.32%             | 2032-04-20      | Floating      | 11.41%                | Yes           |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC                      | CITIGROUP MORTGAGE LOAN TRUST 2010-9 CMLTI 2010-9 2A2                | CUSIP: 17317JAD2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    254730 | PA      | $240514.73    | 0.08%             | 2035-11-25      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC                      | CITIGROUP MORTGAGE LOAN TRUST 2009-10 CMLTI 2009-10 6A2              | CUSIP: 17316AAZ3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    147763 | PA      | $144783.18    | 0.05%             | 2034-09-25      | Floating      | 4.02%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES                          | CONNECTICUT AVENUE SECURITIES TRUST 2021-R01 CAS 2021-R01 1B1        | CUSIP: 20754RAF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    730000 | PA      | $698288.80    | 0.24%             | 2041-10-25      | Floating      | 7.41%                 | Yes           |                  2 | On Loan: No      |
| OHA CREDIT PARTNERS LTD                                | OHA CREDIT PARTNERS XVI OAKC 2021-16A D                              | CUSIP: 67115LAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2185000 | PA      | $2089032.62   | 0.73%             | 2034-10-18      | Floating      | 7.64%                 | Yes           |                  2 | On Loan: No      |
| BB-UBS TRUST                                           | BB-UBS TRUST BBUBS 2012-TFT C                                        | CUSIP: 05490AAE3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2000000 | PA      | $1664111.40   | 0.58%             | 2030-06-05      | Floating      | 3.56%                 | No            |                  2 | On Loan: No      |
| MAGNETITE CLO, LIMITED                                 | MAGNETITE XXIX LTD MAGNE 2021-29A E                                  | CUSIP: 55955JAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    850000 | PA      | $778887.30    | 0.27%             | 2034-01-15      | Floating      | 9.83%                 | Yes           |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS TRUST                           | HILTON GRAND VACATIONS TRUST 2022-2 HGVT 2022-2A C                   | CUSIP: 43283GAC6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    661280 | PA      | $644927.72    | 0.23%             | 2037-01-25      | Fixed         | 5.57%                 | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                    | COMM 2012-CCRE3 MORTGAGE TRUST COMM 2012-CR3 D                       | CUSIP: 12624PAS4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1005000 | PA      | $732362.90    | 0.26%             | 2045-10-15      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| LEHMAN XS TRUST MORTGAGE PASS-THROUGH CERTIFICATES     | LEHMAN XS TRUST SERIES 2006-2N LXS 2006-2N 1A1                       | CUSIP: 525221HA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    484777 | PA      | $422248.76    | 0.15%             | 2046-02-25      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| WAVE LLC                                               | WAVE 2017-1 TRUST WAAV 2017-1A A                                     | CUSIP: 94353WAA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1611662 | PA      | $1231567.04   | 0.43%             | 2042-11-15      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST                        | WFRBS COMMERCIAL MORTGAGE TRUST 2012-C7 WFRBS 2012-C7 E              | CUSIP: 92936TAK8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3846032 | PA      | $86535.71     | 0.03%             | 2045-06-15      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| ELMWOOD CLO                                            | ELMWOOD CLO XI LTD ELM11 2021-4A E                                   | CUSIP: 29002MAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1143326.25   | 0.40%             | 2034-10-20      | Floating      | 10.81%                | Yes           |                  2 | On Loan: No      |
| HARBOR PARK CLO LTD                                    | HARBOR PARK CLO 18-1 LTD HARB 2018-1A D                              | CUSIP: 41154XAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $373996.40    | 0.13%             | 2031-01-20      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| WILLIS ENGINE STRUCTURED TRUST                         | WILLIS ENGINE STRUCTURED TRUST IV WESTF 2018-A B                     | CUSIP: 97064EAC2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2343892 | PA      | $1708029.14   | 0.60%             | 2043-09-15      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I INC.                          | MORGAN STANLEY CAPITAL I TRUST 2011-C2 MSC 2011-C2 E                 | CUSIP: 617459AK8<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          |  | US        |   2930000 | PA      | $2207217.93   | 0.77%             | 2044-06-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| TRESTLES CLO LTD                                       | TRESTLES CLO II LTD TREST 2018-2A D                                  | CUSIP: 89531VAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    415000 | PA      | $352123.35    | 0.12%             | 2031-07-25      | Floating      | 10.57%                | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST                          | FREDDIE MAC STACR REMIC TRUST 2020-DNA6 STACR 2020-DNA6 B1           | CUSIP: 35566CBD6<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2000000 | PA      | $1925745.40   | 0.67%             | 2050-12-25      | Floating      | 7.31%                 | Yes           |                  2 | On Loan: No      |
| CSMC TRUST                                             | CSMC 2014-USA OA LLC CSMC 2014-USA E                                 | CUSIP: 12649AAQ2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5475000 | PA      | $3110947.56   | 1.09%             | 2037-09-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST                         | CARVANA AUTO RECEIVABLES TRUST 2022-P1 CRVNA 2022-P1 A3              | CUSIP: 14688DAC5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3230000 | PA      | $3116200.64   | 1.09%             | 2027-02-10      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| FIRST INVESTORS AUTO OWNER TRUST                       | FIRST INVESTORS AUTO OWNER TRUST 2019-2 FIAOT 2019-2A E              | CUSIP: 32058RAE4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2620000 | PA      | $2548089.91   | 0.89%             | 2026-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| STARWOOD RETAIL PROPERTY TRUST                         | STARWOOD RETAIL PROPERTY TRUST 2014-STAR SRPT 2014-STAR E            | CUSIP: 85571XAS6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3185000 | PA      | $309044.53    | 0.11%             | 2027-11-15      | Floating      | 8.86%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL FUNDING MORTGAGE SECURITIES INCORPORATED   | RFMSI SERIES 2005-SA1 TRUST RFMSI 2005-SA1 1A1                       | CUSIP: 76111XTB9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1748720 | PA      | $946239.47    | 0.33%             | 2035-03-25      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| VOLT LLC                                               | VOLT XCVI LLC VOLT 2021-NPL5 A2                                      | CUSIP: 92873FAB3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    640000 | PA      | $566441.47    | 0.20%             | 2051-03-27      | Fixed         | 4.83%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING                         | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC AESOP 2021-1A D             | CUSIP: 05377REL4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5000000 | PA      | $4205929.00   | 1.47%             | 2027-08-20      | Fixed         | 3.71%                 | Yes           |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING CORPORATION                    | BANC OF AMERICA FUNDING 2007-4 TRUST BAFC 2007-4 5A1                 | CUSIP: 05953YBT7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     85114 | PA      | $75826.41     | 0.03%             | 2034-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUND POINT CLO                                        | SOUND POINT CLO XIV LTD SNDPT 2016-3A B1R                            | CUSIP: 83609NAQ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2470000 | PA      | $2445796.47   | 0.85%             | 2029-01-23      | Floating      | 6.32%                 | Yes           |                  2 | On Loan: No      |
| INDYMAC INDX MORTGAGE LOAN TRUST                       | INDYMAC INDX MORTGAGE LOAN TRUST 2005-AR11 INDX 2005-AR11 A3         | CUSIP: 45660LQH5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    990057 | PA      | $793460.84    | 0.28%             | 2035-08-25      | Floating      | 3.43%                 | No            |                  2 | On Loan: No      |
| 522 FUNDING CLO LTD                                    | 522 FUNDING CLO 2020-6 LTD MORGN 2020-6A A1R                         | CUSIP: 33835AAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2265000 | PA      | $2221944.62   | 0.78%             | 2034-10-23      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| PIKES PEAK CLO                                         | PIKES PEAK CLO 4 PIPK 2019-4A ER                                     | CUSIP: 72132XAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1990000 | PA      | $1752955.18   | 0.61%             | 2034-07-15      | Floating      | 11.40%                | Yes           |                  2 | On Loan: No      |
| GILBERT PARK CLO LTD                                   | GILBERT PARK CLO LTD GILBT 2017-1A D                                 | CUSIP: 375415AG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    707000 | PA      | $662144.39    | 0.23%             | 2030-10-15      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| Shenton Aircraft Investment I                          | SHENTON AIRCRAFT INVESTMENT I LTD SHNTN 2015-1A A                    | CUSIP: 82321UAA1<br>LEI: N/A                  | Long             | ABS-MBS          |  | KY        |    479609 | PA      | $371696.82    | 0.13%             | 2042-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PRPM LLC                                               | PRPM 2021-2 LLC PRPM 2021-2 A2                                       | CUSIP: 69359UAB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    980000 | PA      | $877888.51    | 0.31%             | 2026-03-25      | Floating      | 3.77%                 | Yes           |                  2 | On Loan: No      |
| FIRSTKEY HOMES TRUST                                   | FIRSTKEY HOMES 2020-SFR2 TRUST FKH 2020-SFR2 F1                      | CUSIP: 33767JAL6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2450000 | PA      | $2188651.40   | 0.76%             | 2037-10-19      | Fixed         | 3.02%                 | Yes           |                  2 | On Loan: No      |
| MADISON PARK FUNDING, LTD.                             | MADISON PARK FUNDING XLVI LTD MDPK 2020-46A ER                       | CUSIP: 55821VAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2140000 | PA      | $1956875.92   | 0.68%             | 2034-10-15      | Floating      | 11.04%                | Yes           |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST                         | CARVANA AUTO RECEIVABLES TRUST 2022-P2 CRVNA 2022-P2 B               | CUSIP: 14686JAE0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2382000 | PA      | $2286621.62   | 0.80%             | 2028-04-10      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| SIERRA TIMESHARE RECEIVABLES FUNDING LLC               | SIERRA TIMESHARE 2021-1 RECEIVABLES FUNDING LLC SRFC 2021-1A D       | CUSIP: 82652QAD3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    547433 | PA      | $500910.12    | 0.17%             | 2037-11-20      | Fixed         | 3.17%                 | Yes           |                  2 | On Loan: No      |
| WELK RESORTS                                           | WELK RESORTS 2019-A LLC WLKRG 2019-AA D                              | CUSIP: 94946DAD3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    243036 | PA      | $234688.57    | 0.08%             | 2038-06-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST                        | PRESTIGE AUTO RECEIVABLES TRUST 2020-1 PART 2020-1A E                | CUSIP: 74114BAL7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2740000 | PA      | $2673085.64   | 0.93%             | 2028-02-15      | Fixed         | 3.67%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST                           | GS MORTGAGE SECURITIES TRUST 2014-GC22 GSMS 2014-GC22 D              | CUSIP: 36253BAE3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3000000 | PA      | $2668221.00   | 0.93%             | 2047-06-10      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST                           | GS MORTGAGE SECURITIES TRUST 2014-GC20 GSMS 2014-GC20 C              | CUSIP: 36252WBE7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2625000 | PA      | $2336769.75   | 0.82%             | 2047-04-10      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHASE AUTO CREDIT LINKED NOTES                         | JPMORGAN CHASE BANK NA - CACLN CACLN 2021-1 F                        | CUSIP: 46591HBV1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $911925.20    | 0.32%             | 2028-09-25      | Fixed         | 4.28%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST                          | FREDDIE MAC STACR REMIC TRUST 2020-DNA3 STACR 2020-DNA3 B1           | CUSIP: 35565WBD3<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    787376 | PA      | $823554.65    | 0.29%             | 2050-06-25      | Floating      | 9.61%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST                          | FREDDIE MAC STACR REMIC TRUST 2022-DNA7 STACR 2022-DNA7 M1B          | CUSIP: 35564KL49<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1845000 | PA      | $1987987.50   | 0.69%             | 2052-03-25      | Floating      | 9.31%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                         | ACHV ABS TRUST 2023-1PL ACHV 2023-1PL D                              | CUSIP: 00091XAD9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    700000 | PA      | $700489.30    | 0.24%             | 2030-03-18      | Fixed         | 8.47%                 | Yes           |                  2 | On Loan: No      |
| PALMER SQUARE CLO                                      | PALMER SQUARE CLO 2021-4 LTD PLMRS 2021-4A E                         | CUSIP: 69702GAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1875000 | PA      | $1688401.88   | 0.59%             | 2034-10-15      | Floating      | 10.84%                | Yes           |                  2 | On Loan: No      |
| PRPM LLC                                               | PRPM 2020-4 LLC PRPM 2020-4 A2                                       | CUSIP: 69359XAB5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1290000 | PA      | $1249639.00   | 0.44%             | 2025-10-25      | Fixed         | 3.44%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                              | TOWD POINT MORTGAGE TRUST 2018-4 TPMT 2018-4 A2                      | CUSIP: 89175TAB4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1100000 | PA      | $928617.58    | 0.32%             | 2058-06-25      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| FIRST INVESTORS AUTO OWNER TRUST                       | FIRST INVESTORS AUTO OWNER TRUST 2022-2 FIAOT 2022-2A D              | CUSIP: 32058KAD1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    750000 | PA      | $794901.00    | 0.28%             | 2028-10-16      | Fixed         | 8.71%                 | Yes           |                  2 | On Loan: No      |
| GALAXY CLO, LTD                                        | GALAXY XXVI CLO LTD GALXY 2018-26A E                                 | CUSIP: 36321MAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $355364.00    | 0.12%             | 2031-11-22      | Floating      | 10.51%                | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                    | COMM 2014-UBS4 MORTGAGE TRUST COMM 2014-UBS4 AM                      | CUSIP: 12591QAT9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    762000 | PA      | $729582.69    | 0.25%             | 2047-08-10      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| SOLRR AIRCRAFT LIMITED                                 | LUNAR 2021-1 STRUCTURED AIRCRAFT PORTFOLIO NOTES SOLRR 2021-1 B      | CUSIP: 83438LAB7<br>LEI: N/A                  | Long             | ABS-MBS          |  | IE        |   1407024 | PA      | $1136224.16   | 0.40%             | 2046-10-15      | Fixed         | 3.43%                 | Yes           |                  2 | On Loan: No      |
| GSR MORTGAGE LOAN TRUST                                | GSR MORTGAGE LOAN TRUST 2005-AR4 GSR 2005-AR4 4A1                    | CUSIP: 362341FP9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     25195 | PA      | $23867.49     | 0.01%             | 2035-07-25      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| TRICON AMERICAN HOMES TRUST                            | TRICON AMERICAN HOMES 2020-SFR1 TAH 2020-SFR1 F                      | CUSIP: 89613GAF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    160000 | PA      | $152040.30    | 0.05%             | 2038-07-17      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST                               | BHG SECURITIZATION TRUST 2022-C BHG 2022-C E                         | CUSIP: 08860DAE3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1890000 | PA      | $1890768.10   | 0.66%             | 2035-10-17      | Fixed         | 9.73%                 | Yes           |                  2 | On Loan: No      |
| COREVEST AMERICAN FINANCE                              | COREVEST AMERICAN FINANCE 2019-1 TRUST CAFL 2019-1 E                 | CUSIP: 21872FAG2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    575000 | PA      | $528469.62    | 0.18%             | 2052-03-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING LTD.                        | PALMER SQUARE LOAN FUNDING 2021-1 LTD PSTAT 2021-1A D                | CUSIP: 69701VAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $701778.75    | 0.25%             | 2029-04-20      | Floating      | 10.81%                | Yes           |                  2 | On Loan: No      |
| MASTR ALTERNATIVE LOAN TR                              | MASTR ALTERNATIVE LOAN TRUST 2004-2 MALT 2004-2 8A4                  | CUSIP: 576434MU5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2001569 | PA      | $1762212.74   | 0.62%             | 2034-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COREVEST AMERICAN FINANCE                              | COREVEST AMERICAN FINANCE 2020-2 TRUST CAFL 2020-2 D                 | CUSIP: 21872VAF9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1211000 | PA      | $1081789.33   | 0.38%             | 2052-05-15      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                    | COMM 2012-LC4 MORTGAGE TRUST COMM 2012-LC4 D                         | CUSIP: 126192AK9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1605000 | PA      | $1138938.98   | 0.40%             | 2044-12-10      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                              | TOWD POINT MORTGAGE TRUST 2020-4 TPMT 2020-4 M1                      | CUSIP: 89179JAC0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2300000 | PA      | $1822851.20   | 0.64%             | 2060-10-25      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST         | FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST 202 FCRT 2022-2 D     | CUSIP: 34660DAF8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2745000 | PA      | $2680126.87   | 0.94%             | 2029-10-15      | Fixed         | 7.09%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                  | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C34 WFCM 2016-C34 C       | CUSIP: 95000DBK6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2902000 | PA      | $2416026.44   | 0.84%             | 2049-06-15      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| ALLEGRO CLO LTD                                        | ALLEGRO CLO VI LTD ALLEG 2017-2A D                                   | CUSIP: 01749BAD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $235289.75    | 0.08%             | 2031-01-17      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| VOLT LLC                                               | VOLT XCIV LLC VOLT 2021-NPL3 A2                                      | CUSIP: 92873AAB4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1630000 | PA      | $1516071.64   | 0.53%             | 2051-02-27      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| HUNDSON'S BAY SIMON JV TRUST                           | HUDSONS BAY SIMON JV TRUST 2015-HBS HBCT 2015-HB10 A10               | CUSIP: 44422PBN1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3375000 | PA      | $2980030.50   | 1.04%             | 2034-08-05      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ATRIUM                                                 | ATRIUM XV ATRM 15A D                                                 | CUSIP: 04965FAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    845000 | PA      | $806389.42    | 0.28%             | 2031-01-23      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                              | TOWD POINT MORTGAGE TRUST 2018-5 TPMT 2018-5 M1                      | CUSIP: 89176VAC6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    505000 | PA      | $405192.96    | 0.14%             | 2058-07-25      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST                        | WFRBS COMMERCIAL MORTGAGE TRUST 2012-C7 WFRBS 2012-C7 C              | CUSIP: 92936TAE2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     82696 | PA      | $58713.58     | 0.02%             | 2045-06-15      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST             | JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2014-C2 JPMBB 2014-C24 AS | CUSIP: 46643GAJ9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    230000 | PA      | $218380.70    | 0.08%             | 2047-11-15      | Floating      | 3.91%                 | No            |                  2 | On Loan: No      |
| LEHMAN MORTGAGE TRUST                                  | LEHMAN MORTGAGE TRUST 2007-9 LMT 2007-9 1A1                          | CUSIP: 52522XAA5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    158708 | PA      | $208570.17    | 0.07%             | 2037-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CIM TRUST                                              | CIM TRUST 2022-R2 CIM 2022-R2 A1                                     | CUSIP: 12567NAA7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    988416 | PA      | $942757.53    | 0.33%             | 2061-12-25      | Floating      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| OHA CREDIT FUNDING LTD                                 | OHA CREDIT FUNDING 2 LTD OAKC 2019-2A ER                             | CUSIP: 67707FAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    445000 | PA      | $405699.38    | 0.14%             | 2034-04-21      | Floating      | 11.18%                | Yes           |                  2 | On Loan: No      |
| MASTR ADJUSTABLE RATE MORTGAGE TRUST                   | MASTR ADJUSTABLE RATE MORTGAGES TRUST 2005-2 MARM 2005-2 4A1         | CUSIP: 576433XX9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1696067 | PA      | $1401283.39   | 0.49%             | 2035-03-25      | Floating      | 2.66%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS TRUST                           | HILTON GRAND VACATIONS TRUST 2018-A HGVT 2018-AA C                   | CUSIP: 43284BAC6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    130664 | PA      | $125195.66    | 0.04%             | 2032-02-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT TRUST                            | AMERICAN HOMES 4 RENT 2015-SFR1 TRUST AH4R 2015-SFR1 F               | CUSIP: 02666AAF5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3966000 | PA      | $3867162.12   | 1.35%             | 2052-04-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MVW OWNER TRUST                                        | MVW 2022-1 LLC MVWOT 2022-1A A                                       | CUSIP: 55400UAA1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2396304 | PA      | $2317452.63   | 0.81%             | 2039-11-21      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| MASTR ALTERNATIVE LOAN TR                              | MASTR ALTERNATIVE LOAN TRUST 2004-8 MALT 2004-8 2A1                  | CUSIP: 576434UQ5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    679010 | PA      | $650910.83    | 0.23%             | 2034-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                   | SANTANDER BANK NA - SBCLN SBCLN 2021-1A E                            | CUSIP: 80290CAL8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    700000 | PA      | $601582.24    | 0.21%             | 2031-12-15      | Fixed         | 6.17%                 | Yes           |                  2 | On Loan: No      |
| COREVEST AMERICAN FINANCE                              | COREVEST AMERICAN FINANCE 2017-1 TRUST CAFL 2017-1 D                 | CUSIP: 21871VAL7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     99529 | PA      | $99222.43     | 0.03%             | 2049-10-15      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| CGCCRE COMMERCIAL MORTGAGE TRUST                       | CG-CCRE COMMERCIAL MORTGAGE TRUST 2014-FL2 CGCC 2014-FL2 COL2        | CUSIP: 12528PAP7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2338852 | PA      | $1553231.81   | 0.54%             | 2031-11-15      | Floating      | 8.96%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCIAL ISSUANCE TRUST                       | ONEMAIN FINANCIAL ISSUANCE TRUST 2018-2 OMFIT 2018-2A A              | CUSIP: 68269CAA4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    329000 | PA      | $323523.70    | 0.11%             | 2033-03-14      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST                      | AFFIRM ASSET SECURITIZATION TRUST 2023-A AFFRM 2023-A D              | CUSIP: 00834JAD2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1570000 | PA      | $1573945.72   | 0.55%             | 2028-01-18      | Fixed         | 9.09%                 | Yes           |                  2 | On Loan: No      |
| ACCELERATED ASSETS LLC                                 | ACCELERATED ASSETS 2018-1 LLC AALLC 2018-1 B                         | CUSIP: 00436MAB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    416134 | PA      | $398917.01    | 0.14%             | 2033-12-02      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| INDYMAC INDX MORTGAGE LOAN TRUST                       | INDYMAC INDX MORTGAGE LOAN TRUST 2006-AR2 INDX 2006-AR2 2A1          | CUSIP: 45661EAF1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2559123 | PA      | $1814966.69   | 0.63%             | 2046-02-25      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| CGCCRE COMMERCIAL MORTGAGE TRUST                       | CG-CCRE COMMERCIAL MORTGAGE TRUST 2014-FL2 CGCC 2014-FL2 COL1        | CUSIP: 12528PAN2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    960514 | PA      | $820951.56    | 0.29%             | 2031-11-15      | Floating      | 7.96%                 | No            |                  2 | On Loan: No      |
| SCF EQUIPMENT LEASING LLC                              | SCF EQUIPMENT LEASING 2021-1 LLC SCFET 2021-1A E                     | CUSIP: 783897AG6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    755000 | PA      | $699714.29    | 0.24%             | 2032-08-20      | Fixed         | 3.56%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST                          | FREDDIE MAC STACR REMIC TRUST 2020-DNA4 STACR 2020-DNA4 B1           | CUSIP: 35565XBD1<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1442746 | PA      | $1542070.78   | 0.54%             | 2050-08-25      | Floating      | 10.51%                | No            |                  2 | On Loan: No      |
| BPR TRUST                                              | BPR TRUST 2022-SSP BPR 2022-SSP D                                    | CUSIP: 05602HAL7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2170000 | PA      | $2119387.14   | 0.74%             | 2039-05-15      | Floating      | 11.11%                | Yes           |                  2 | On Loan: No      |
| MAPS LTD                                               | MAPS 2018-1 LTD MAPSL 2018-1A B                                      | CUSIP: 56564RAB6<br>LEI: N/A                  | Long             | ABS-MBS          |  | BM        |   1076808 | PA      | $695647.89    | 0.24%             | 2043-05-15      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST                        | WFRBS COMMERCIAL MORTGAGE TRUST 2014-C24 WFRBS 2014-C24 C            | CUSIP: 92939KAK4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    255000 | PA      | $208642.10    | 0.07%             | 2047-11-15      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| WILLIS ENGINE STRUCTURED TRUST                         | WILLIS ENGINE STRUCTURED TRUST V WESTF 2020-A C                      | CUSIP: 97064FAC9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1639451 | PA      | $1017853.24   | 0.36%             | 2045-03-15      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| UBS COMMERCIAL MORTGAGE TRUST                          | UBS COMMERCIAL MORTGAGE TRUST 2018-C14 UBSCM 2018-C14 C              | CUSIP: 90278KBF7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1885000 | PA      | $1590438.59   | 0.56%             | 2051-12-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST                        | WFRBS COMMERCIAL MORTGAGE TRUST 2011-C4 WFRBS 2011-C4 D              | CUSIP: 92936CAW9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    722000 | PA      | $650467.49    | 0.23%             | 2044-06-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL MASTER TRUST                      | PROGRESS RESIDENTIAL 2021-SFR1 PROG 2021-SFR1 F                      | CUSIP: 74331FAL5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    360000 | PA      | $312553.19    | 0.11%             | 2038-04-17      | Fixed         | 2.76%                 | Yes           |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS INC                             | CHL MORTGAGE PASS-THROUGH TRUST 2004-12 CWHL 2004-12 8A1             | CUSIP: 12669FM83<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    228027 | PA      | $208396.64    | 0.07%             | 2034-08-25      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC                      | CITIGROUP MORTGAGE LOAN TRUST 2005-3 CMLTI 2005-3 2A3                | CUSIP: 17307GTL2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    514485 | PA      | $406479.01    | 0.14%             | 2035-08-25      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| AIMCO CLO                                              | AIMCO CLO SERIES 2017-A AIMCO 2017-AA DR                             | CUSIP: 00900CAS3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    665000 | PA      | $630001.05    | 0.22%             | 2034-04-20      | Floating      | 7.96%                 | Yes           |                  2 | On Loan: No      |
| OHA CREDIT FUNDING LTD                                 | OHA CREDIT FUNDING 3 LTD OAKC 2019-3A ER                             | CUSIP: 67112TAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2415000 | PA      | $2223925.20   | 0.78%             | 2035-07-02      | Floating      | 11.06%                | Yes           |                  2 | On Loan: No      |
| MASTR ALTERNATIVE LOAN TR                              | MASTR ALTERNATIVE LOAN TRUST 2003-9 MALT 2003-9 4A1                  | CUSIP: 576434KX1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    242234 | PA      | $231972.34    | 0.08%             | 2033-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SIERRA TIMESHARE RECEIVABLES FUNDING LLC               | SIERRA TIMESHARE 2020-2 RECEIVABLES FUNDING LLC SRFC 2020-2A D       | CUSIP: 826525AD9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    298047 | PA      | $286622.66    | 0.10%             | 2037-07-20      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| BARINGS CLO LTD                                        | BARINGS CLO LTD 2018-II BABSN 2018-2A C                              | CUSIP: 06760JAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    620000 | PA      | $597319.78    | 0.21%             | 2030-04-15      | Floating      | 7.49%                 | No            |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING CORPORATION                    | BANC OF AMERICA FUNDING 2005-7 TRUST BAFC 2005-7 3A1                 | CUSIP: 05946XS61<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    336818 | PA      | $333555.38    | 0.12%             | 2035-11-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MASTR ALTERNATIVE LOAN TR                              | MASTR ALTERNATIVE LOAN TRUST 2004-5 MALT 2004-5 2A1                  | CUSIP: 576434RG1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    313863 | PA      | $309715.08    | 0.11%             | 2034-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST                         | MORGAN STANLEY CAPITAL I TRUST 2012-C4 MSC 2012-C4 D                 | CUSIP: 61760VAE3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    611298 | PA      | $575384.51    | 0.20%             | 2045-03-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| BATTALION CLO LTD                                      | BATTALION CLO XVI LTD BATLN 2019-16A ER                              | CUSIP: 07133NAD6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    830000 | PA      | $709325.47    | 0.25%             | 2032-12-19      | Floating      | 11.41%                | Yes           |                  2 | On Loan: No      |
| NEUBERGER BERMAN CLO LTD                               | NEUBERGER BERMAN LOAN ADVISERS CLO 37 LTD NEUB 2020-37A AR           | CUSIP: 64133GAR1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2570000 | PA      | $2543855.39   | 0.89%             | 2031-07-20      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| THAYER PARK CLO LTD                                    | THAYER PARK CLO LTD THAYR 2017-1A DR                                 | CUSIP: 88330PAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    650000 | PA      | $581287.20    | 0.20%             | 2034-04-20      | Floating      | 11.06%                | Yes           |                  2 | On Loan: No      |
| WILLIS ENGINE STRUCTURED TRUST                         | WILLIS ENGINE STRUCTURED TRUST V WESTF 2020-A A                      | CUSIP: 97064FAA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1046614 | PA      | $806016.34    | 0.28%             | 2045-03-15      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| GREENWOOD PARK CLO, LTD                                | GREENWOOD PARK CLO LTD GRNPK 2018-1A D                               | CUSIP: 39729RAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    285000 | PA      | $261471.54    | 0.09%             | 2031-04-15      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| GOLDENTREE LOAN MANAGEMENT US CLO LTD                  | GOLDENTREE LOAN MANAGEMENT US CLO 2 LTD GLM 2017-2A D                | CUSIP: 38136MAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $243562.25    | 0.09%             | 2030-11-28      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | ECAF I BLOCKER LTD ELEMENT COMM AVIATION                             | CUSIP: 3616399A7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9000000 | PA      | $61425.00     | 0.02%             | 2040-03-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS OF AMERICA TRUST                         | HOME PARTNERS OF AMERICA 2021-2 TRUST HPA 2021-2 F                   | CUSIP: 43732VAL0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2474986 | PA      | $2086648.23   | 0.73%             | 2026-12-17      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| KESTREL AIRCRAFT FUNDING LTD                           | KESTREL AIRCRAFT FUNDING LTD KSTRL 2018-1A A                         | CUSIP: 49255PAA1<br>LEI: N/A                  | Long             | ABS-MBS          |  | KY        |   2165032 | PA      | $1753675.93   | 0.61%             | 2038-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CIFC FUNDING LTD                                       | CIFC FUNDING 2017-V LTD CIFC 2017-5A C                               | CUSIP: 12551MAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $483256.50    | 0.17%             | 2030-11-16      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| STARWOOD RETAIL PROPERTY TRUST                         | STARWOOD RETAIL PROPERTY TRUST 2014-STAR SRPT 2014-STAR F            | CUSIP: 85571XAU1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3785000 | PA      | $313741.02    | 0.11%             | 2027-11-15      | Floating      | 8.15%                 | No            |                  2 | On Loan: No      |
| United States of America                               | TREASURY BILL 0.000000% 04/20/2023                                   | CUSIP: 912796V48<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13170000 | PA      | $13040575.91  | 4.55%             | 2023-04-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST               | GS MORTGAGE SECURITIES CORP II GSMS 2012-BWTR A                      | CUSIP: 36192RAA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2210000 | PA      | $1692770.50   | 0.59%             | 2034-11-05      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| WILLIS ENGINE STRUCTURED TRUST                         | WILLIS ENGINE STRUCTURED TRUST IV WESTF 2018-A A                     | CUSIP: 97064EAA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2196263 | PA      | $1741077.45   | 0.61%             | 2043-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES TRUST                             | GLS AUTO RECEIVABLES ISSUER TRUST 2021-4 GCAR 2021-4A E              | CUSIP: 36263DAE7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2550000 | PA      | $2169854.42   | 0.76%             | 2028-10-16      | Fixed         | 4.43%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY MORTGAGE LOAN TRUST                     | MORGAN STANLEY MORTGAGE LOAN TRUST 2005-7 MSM 2005-7 7A5             | CUSIP: 61748HPQ8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    118305 | PA      | $109000.28    | 0.04%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST                                             | CSMC 2014-USA OA LLC CSMC 2014-USA C                                 | CUSIP: 12649AAL3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    895000 | PA      | $735130.18    | 0.26%             | 2037-09-15      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST     | MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST MSBAM 2013-C11 B  | CUSIP: 61762TAH9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3330000 | PA      | $2456176.37   | 0.86%             | 2046-08-15      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| CWALT, INC (COUNTRYWIDE ALTERNATIVE LOAN TRUST)        | ALTERNATIVE LOAN TRUST 2004-J10 CWALT 2004-J10 2CB1                  | CUSIP: 12667FVB8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    577550 | PA      | $557480.26    | 0.19%             | 2034-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE MORTGAGE SECURITIES MORTGAGE LOAN TRUST       | DEUTSCHE MORTGAGE SEC INC MORT LOAN TR SER 2004-1 DMSI 2004-1 3A5    | CUSIP: 251563CA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1162799 | PA      | $1097839.59   | 0.38%             | 2033-12-25      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| BPR TRUST                                              | BPR TRUST 2022-SSP BPR 2022-SSP A                                    | CUSIP: 05602HAA1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2920000 | PA      | $2899587.16   | 1.01%             | 2039-05-15      | Floating      | 7.48%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST                    | CITIGROUP COMMERCIAL MORTGAGE TRUST 2014-GC21 CGCMT 2014-GC21 D      | CUSIP: 17322MAA4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4790000 | PA      | $3553902.18   | 1.24%             | 2047-05-10      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| MERCURY FINANCIAL CREDIT CARD MASTER TRUST             | MERCURY FINANCIAL CREDIT CARD MASTER TRUST MFCC 2022-1A C            | CUSIP: 58940BAG1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2500000 | PA      | $2212034.50   | 0.77%             | 2026-09-21      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| OAKTREE CLO LTD                                        | OAKTREE CLO 2019-4 LTD OAKCL 2019-4A E                               | CUSIP: 67400JAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    265000 | PA      | $235038.84    | 0.08%             | 2032-10-20      | Floating      | 12.04%                | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                               | BENCHMARK 2021-B31 MORTGAGE TRUST BMARK 2021-B31 A5                  | CUSIP: 08163MAE7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $856127.80    | 0.30%             | 2054-12-15      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | CSMC 2021-RPL1 TRUST CSMC 2021-RPL1 A2                               | CUSIP: 12660KAD3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1850000 | PA      | $1752975.27   | 0.61%             | 2060-09-27      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST         | STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST SARM 2005-14 A1       | CUSIP: 863579TM0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2907458 | PA      | $1863642.49   | 0.65%             | 2035-07-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| LEGACY MORTGAGE ASSET TRUST                            | LEGACY MORTGAGE ASSET TRUST 2021-GS2 LMAT 2021-GS2 A2                | CUSIP: 52476DAB3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    520000 | PA      | $472796.27    | 0.17%             | 2061-04-25      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST | JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRU JPMCC 2011-C3 C   | CUSIP: 46635TAX0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2490000 | PA      | $2332783.39   | 0.81%             | 2046-02-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| THL CREDIT WIND RIVER CLO LLC                          | THL CREDIT WIND RIVER 2018-3 CLO LTD WINDR 2018-3A D                 | CUSIP: 88432UAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    280000 | PA      | $244196.40    | 0.09%             | 2031-01-20      | Floating      | 7.76%                 | No            |                  2 | On Loan: No      |
| AASET TRUST                                            | AASET 2022-1 LLC AASET 2022-1A A                                     | CUSIP: 00255EAA9<br>LEI: N/A                  | Long             | ABS-MBS          |  | KY        |   2720316 | PA      | $2589347.35   | 0.90%             | 2047-05-16      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| AGL CLO LTD                                            | AGL CLO 1 LTD AGL 2019-1A DR                                         | CUSIP: 00119HAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $947652.00    | 0.33%             | 2034-10-20      | Floating      | 7.86%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST                           | GS MORTGAGE SECURITIES TRUST 2013-GC13 GSMS 2013-GC13 C              | CUSIP: 36198EAY1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    610000 | PA      | $434660.14    | 0.15%             | 2046-07-10      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST                          | MILL CITY MORTGAGE LOAN TRUST 2021-NMR1 MCMLT 2021-NMR1 M3           | CUSIP: 59982HAL4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    730000 | PA      | $594335.56    | 0.21%             | 2060-11-25      | Floating      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                  | WFRBS COMMERCIAL MORTGAGE TRUST 2012-C10 WFRBS 2012-C10 C            | CUSIP: 92890NAY5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2130000 | PA      | $1874414.06   | 0.65%             | 2045-12-15      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| CASTLELAKE AIRCRAFT SECURITIZATION TRUST               | CASTLELAKE AIRCRAFT STRUCTURED TRUST 2021-1 CLAST 2021-1A A          | CUSIP: 14856GAA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    496262 | PA      | $439192.18    | 0.15%             | 2046-01-15      | Fixed         | 3.47%                 | Yes           |                  2 | On Loan: No      |
| PRPM LLC                                               | PRPM LLC PRPM 2021-1 A2                                              | CUSIP: 693577AB4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1055000 | PA      | $1006524.75   | 0.35%             | 2026-01-25      | Floating      | 3.72%                 | Yes           |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                             | JP MORGAN MORTGAGE TRUST 2004-S1 JPMMT 2004-S1 2A1                   | CUSIP: 466247EV1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    913686 | PA      | $886355.13    | 0.31%             | 2034-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CARVAL CLO LTD                                         | CARVAL CLO IV LTD CARVL 2021-1A A1A                                  | CUSIP: 14687EAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1850000 | PA      | $1819463.90   | 0.64%             | 2034-07-20      | Floating      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| MED TRUST                                              | MED TRUST 2021-MDLN MED 2021-MDLN A                                  | CUSIP: 58403YAD8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    528430 | PA      | $515203.61    | 0.18%             | 2038-11-15      | Floating      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| CWALT, INC (COUNTRYWIDE ALTERNATIVE LOAN TRUST)        | ALTERNATIVE LOAN TRUST 2004-J3 CWALT 2004-J3 1A1                     | CUSIP: 12667FGT6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    262035 | PA      | $246753.38    | 0.09%             | 2034-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK 2021-BNK34 BANK 2021-BN34 A5                                    | CUSIP: 06541JAL5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $844400.40    | 0.29%             | 2063-06-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| OHA CREDIT FUNDING LTD                                 | OHA CREDIT FUNDING 4 LTD OAKC 2019-4A ER                             | CUSIP: 67098EAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2355000 | PA      | $2153696.96   | 0.75%             | 2036-10-22      | Floating      | 11.22%                | Yes           |                  2 | On Loan: No      |
| BPR TRUST                                              | BPR TRUST 2021-NRD BPR 2021-NRD F                                    | CUSIP: 05592CAQ9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2545000 | PA      | $2270924.37   | 0.79%             | 2038-12-15      | Floating      | 11.35%                | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                    | COMM 2012-CCRE2 MORTGAGE TRUST COMM 2012-CR2 E                       | CUSIP: 12624KAY2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $829044.30    | 0.29%             | 2045-08-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| DRYDEN SENIOR LOAN FUND                                | DRYDEN 45 SENIOR LOAN FUND DRSLF 2016-45A ER                         | CUSIP: 26244PAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    575000 | PA      | $487398.75    | 0.17%             | 2030-10-15      | Floating      | 10.64%                | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL MASTER TRUST                      | PROGRESS RESIDENTIAL 2021-SFR3 PROG 2021-SFR3 F                      | CUSIP: 74333VAN4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    905000 | PA      | $792633.30    | 0.28%             | 2026-05-17      | Fixed         | 3.44%                 | Yes           |                  2 | On Loan: No      |
| ROCKLAND PARK CLO                                      | ROCKLAND PARK CLO LTD ROCKP 2021-1A E                                | CUSIP: 77366PAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2450000 | PA      | $2224163.90   | 0.78%             | 2034-04-20      | Floating      | 11.06%                | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                    | COMM 2014-CCRE21 MORTGAGE TRUST COMM 2014-CR21 AM                    | CUSIP: 12592RBJ7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    330000 | PA      | $316997.24    | 0.11%             | 2047-12-10      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| AGL CLO LTD                                            | AGL CLO 3 LTD AGL 2020-3A D                                          | CUSIP: 00119MAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2100000 | PA      | $1996274.70   | 0.70%             | 2033-01-15      | Floating      | 8.09%                 | No            |                  2 | On Loan: No      |
| CWALT, INC (COUNTRYWIDE ALTERNATIVE LOAN TRUST)        | ALTERNATIVE LOAN TRUST 2004-28CB CWALT 2004-28CB 5A1                 | CUSIP: 12667FYU3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    127401 | PA      | $121242.11    | 0.04%             | 2035-01-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL MASTER TRUST                      | PROGRESS RESIDENTIAL 2021-SFR4 PROG 2021-SFR4 F                      | CUSIP: 74333EAG7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2175000 | PA      | $1921315.40   | 0.67%             | 2038-05-17      | Fixed         | 3.41%                 | Yes           |                  2 | On Loan: No      |
| CWALT, INC (COUNTRYWIDE ALTERNATIVE LOAN TRUST)        | ALTERNATIVE LOAN TRUST 2005-J1 CWALT 2005-J1 2A1                     | CUSIP: 12667FT88<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     46313 | PA      | $44761.67     | 0.02%             | 2025-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST                           | GS MORTGAGE SECURITIES TRUST 2011-GC5 GSMS 2011-GC5 C                | CUSIP: 36191YAJ7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    100000 | PA      | $72540.31     | 0.03%             | 2044-08-10      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| ELMWOOD CLO                                            | ELMWOOD CLO VIII LTD ELMW8 2021-1A D1                                | CUSIP: 29003EAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    715000 | PA      | $691001.03    | 0.24%             | 2034-01-20      | Floating      | 7.81%                 | Yes           |                  2 | On Loan: No      |
| INDYMAC INDX MORTGAGE LOAN TRUST                       | INDYMAC INDX MORTGAGE LOAN TRUST 2004-AR6 INDX 2004-AR6 4A           | CUSIP: 45660NX75<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    720397 | PA      | $659595.86    | 0.23%             | 2034-10-25      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING                         | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC AESOP 2022-3A A             | CUSIP: 05377RFK5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2815000 | PA      | $2781894.47   | 0.97%             | 2027-02-20      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| MASTR ADJUSTABLE RATE MORTGAGE TRUST                   | MASTR ADJUSTABLE RATE MORTGAGES TRUST 2005-2 MARM 2005-2 3A1         | CUSIP: 576433XW1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    910735 | PA      | $827102.32    | 0.29%             | 2035-03-25      | Floating      | 2.99%                 | No            |                  2 | On Loan: No      |
| RR LTD                                                 | RR 3 LTD RRAM 2018-3A CR2                                            | CUSIP: 74988LAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $218810.50    | 0.08%             | 2030-01-15      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| FIRST INVESTORS AUTO OWNER TRUST                       | FIRST INVESTORS AUTO OWNER TRUST 2021-1 FIAOT 2021-1A E              | CUSIP: 32059FAJ8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    660000 | PA      | $588297.60    | 0.21%             | 2027-04-15      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                              | TOWD POINT MORTGAGE TRUST 2019-2 TPMT 2019-2 M1                      | CUSIP: 89177JAC2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    890000 | PA      | $745578.37    | 0.26%             | 2058-12-25      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| PRPM LLC                                               | PRPM 2022-5 LLC PRPM 2022-5 A1                                       | CUSIP: 69377VAA9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1941021 | PA      | $1946175.02   | 0.68%             | 2027-09-27      | Fixed         | 6.90%                 | Yes           |                  2 | On Loan: No      |
| PALMER SQUARE CLO                                      | PALMER SQUARE CLO 2015-1 LTD PLMRS 2015-1A CR4                       | CUSIP: 69689ABQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1740000 | PA      | $1620642.96   | 0.57%             | 2034-05-21      | Floating      | 7.53%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST     | MSBAM COMMERCIAL MORTGAGE SECURITIES TRUST 2012-CK MSBAM 2012-CKSV C | CUSIP: 553514AL4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    830000 | PA      | $607782.11    | 0.21%             | 2030-10-15      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| CIFC FUNDING LTD                                       | CIFC FUNDING 2018-I LTD CIFC 2018-1A D                               | CUSIP: 12551RAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    365000 | PA      | $331976.26    | 0.12%             | 2031-04-18      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC                      | CITIGROUP MORTGAGE LOAN TRUST 2019-RP1 CMLTI 2019-RP1 M3             | CUSIP: 17327RAD2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1005000 | PA      | $865687.70    | 0.30%             | 2066-01-25      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| BPR TRUST                                              | BPR TRUST 2022-STAR BPR 2022-STAR A                                  | CUSIP: 055980AA4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1530000 | PA      | $1525194.12   | 0.53%             | 2024-08-15      | Floating      | 7.71%                 | Yes           |                  2 | On Loan: No      |
| HOME PARTNERS OF AMERICA TRUST                         | HOME PARTNERS OF AMERICA 2021-1 TRUST HPA 2021-1 F                   | CUSIP: 437300AL0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    602099 | PA      | $480252.15    | 0.17%             | 2041-09-17      | Fixed         | 3.33%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO LTD                                            | OCP CLO 2018-15 LTD OCP 2018-15A D                                   | CUSIP: 67112QAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    645000 | PA      | $571008.18    | 0.20%             | 2031-07-20      | Floating      | 10.66%                | No            |                  2 | On Loan: No      |
| CWALT, INC (COUNTRYWIDE ALTERNATIVE LOAN TRUST)        | ALTERNATIVE LOAN TRUST 2004-14T2 CWALT 2004-14T2 A11                 | CUSIP: 12667FMX0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    181933 | PA      | $174644.06    | 0.06%             | 2034-08-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST                        | PRESTIGE AUTO RECEIVABLES TRUST 2019-1 PART 2019-1A E                | CUSIP: 74113NAG3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1415000 | PA      | $1393569.68   | 0.49%             | 2026-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BALLYROCK CLO LTD                                      | BALLYROCK CLO 2018-1 LTD BALLY 2018-1A C                             | CUSIP: 05875HAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $233321.25    | 0.08%             | 2031-04-20      | Floating      | 7.96%                 | No            |                  2 | On Loan: No      |
| AGL CLO LTD                                            | AGL CLO 7 LTD AGL 2020-7A ER                                         | CUSIP: 008510AE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2345000 | PA      | $2096537.87   | 0.73%             | 2034-07-15      | Floating      | 11.14%                | Yes           |                  2 | On Loan: No      |
| SEACUBE CONTAINER CLIF                                 | CLI FUNDING VI LLC CLIF 2020-3A B                                    | CUSIP: 12563LAT4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    773500 | PA      | $683218.69    | 0.24%             | 2045-10-18      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST     | MSBAM COMMERCIAL MORTGAGE SECURITIES TRUST 2012-CK MSBAM 2012-CKSV D | CUSIP: 553514AN0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    400000 | PA      | $208125.00    | 0.07%             | 2030-10-15      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO                                | BAIN CAPITAL CREDIT CLO 2018-2 BCC 2018-2A A1                        | CUSIP: 05682VAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2220000 | PA      | $2196061.74   | 0.77%             | 2031-07-19      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| BBCMS TRUST                                            | BBCMS 2020-BID MORTGAGE TRUST BBCMS 2020-BID A                       | CUSIP: 05493BAA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2885000 | PA      | $2816322.29   | 0.98%             | 2037-10-15      | Floating      | 6.60%                 | Yes           |                  2 | On Loan: No      |
| CAL FUNDING LIMITED                                    | CAL FUNDING IV LTD CAI 2020-1A B                                     | CUSIP: 12807CAC7<br>LEI: N/A                  | Long             | ABS-MBS          |  | BM        |    833012 | PA      | $737859.01    | 0.26%             | 2045-09-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST                           | GS MORTGAGE SECURITIES TRUST 2011-GC5 GSMS 2011-GC5 D                | CUSIP: 36191YAL2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4972728 | PA      | $2064803.47   | 0.72%             | 2044-08-10      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| ORANGE LAKE TIMESHARE TRUST                            | ORANGE LAKE TIMESHARE TRUST 2019-A ONGLT 2019-A D                    | CUSIP: 68504UAD3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    814284 | PA      | $758097.68    | 0.26%             | 2038-04-09      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| SCF EQUIPMENT LEASING LLC                              | SCF EQUIPMENT LEASING 2022-2 LLC SCFET 2022-2A D                     | CUSIP: 78397WAF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1510000 | PA      | $1422810.64   | 0.50%             | 2032-10-20      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Adams Outdoor Advertising Limited Partnership          | ADAMS OUTDOOR ADVERTISING LP ADMSO 2018-1 C                          | CUSIP: 006346AV2<br>LEI: 549300BTFXNHDCUHER30 | Long             | ABS-MBS          |  | US        |   5200000 | PA      | $4678514.88   | 1.63%             | 2048-11-15      | Fixed         | 7.36%                 | No            |                  2 | On Loan: No      |
| UBS-BARCLAYS COMMERCIAL MORTGAGE TRUST                 | UBS-BARCLAYS COMMERCIAL MORTGAGE TRUST 2012-C2 UBSBB 2012-C2 E       | CUSIP: 90269CAT7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    866000 | PA      | $15155.00     | 0.01%             | 2063-05-10      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS LIMITED                    | TEXTAINER MARINE CONTAINERS VII LTD TMCL 2021-1A B                   | CUSIP: 88315LAN8<br>LEI: N/A                  | Long             | ABS-MBS          |  | BM        |    590238 | PA      | $501700.65    | 0.18%             | 2046-02-20      | Fixed         | 2.52%                 | Yes           |                  2 | On Loan: No      |
| PIKES PEAK CLO                                         | PIKES PEAK CLO 1 PIPK 2018-1A D                                      | CUSIP: 721327AG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    510000 | PA      | $473148.42    | 0.17%             | 2031-07-24      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST                        | WFRBS COMMERCIAL MORTGAGE TRUST 2012-C7 WFRBS 2012-C7 D              | CUSIP: 92936TAJ1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1483000 | PA      | $556125.00    | 0.19%             | 2045-06-15      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| MASTR ALTERNATIVE LOAN TR                              | MASTR ALTERNATIVE LOAN TRUST 2004-5 MALT 2004-5 1A1                  | CUSIP: 576434RF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    202201 | PA      | $196208.58    | 0.07%             | 2034-06-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                   | SANTANDER BANK AUTO CREDIT-LINKED NOTES SERIES 202 SBCLN 2022-C E    | CUSIP: 80290CBJ2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    479010 | PA      | $479125.68    | 0.17%             | 2032-12-15      | Fixed         | 11.37%                | Yes           |                  2 | On Loan: No      |
| S-JETS LTD                                             | S-JETS 2017-1 LTD SJETS 2017-1 B                                     | CUSIP: 784309AC0<br>LEI: N/A                  | Long             | ABS-MBS          |  | BM        |   2374099 | PA      | $1454183.01   | 0.51%             | 2042-08-15      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE CLO                                      | PALMER SQUARE CLO 2019-1 LTD PLMRS 2019-1A CR                        | CUSIP: 69700GAQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $940829.00    | 0.33%             | 2034-11-14      | Floating      | 7.70%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                  | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2014-LC16 WFCM 2014-LC16 C     | CUSIP: 94988XBA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1485000 | PA      | $922496.55    | 0.32%             | 2050-08-15      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| KKR CLO LTD/LLC                                        | KKR CLO 24 LTD KKR 24 E                                              | CUSIP: 48252TAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    860000 | PA      | $770971.08    | 0.27%             | 2032-04-20      | Floating      | 11.19%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

**Name of Applicant:** THE ADVISORS' INNER CIRCLE FUND

**Signature:** Andy Metzger

**Name of Signer:** Andy Metzger

**Title:** CFO